Building 4, Huahong Xintong Industrial Park, Intersection of Genyu Road and Nanming Road,Yutang Sub-district, Guangming District, Shenzhen0755-86267201genbyte@genbytech.com
Genbyte
2024
2.1 Addressing Climate Change
2.2 Creating a Green Environment
2.3 Enhance Pollution Control
2.4 Comprehensive Resource Utilization
2.5 Green Operations Empowerment
2.6 Protection of Ecological Diversity
1.1 Corporate Governance
1.2 Compliance and Risk Management
1.3 Enhancing Investor Relations Management
1.4 Practicing Business Ethics
Compliance Leadership Development for aSustainable Future
Preserving Greenery, Painting an EcologicalLandscape
About This ReportMessage from Senior Management2024 Key Performance HighlightsAbout GenbyteStrengthening ESG Management
3.1 Technological Innovation Leadership
3.2 Digital Intelligence Development
3.3 Enhancing Product Quality
3.4 Customer Rights Management
3.5 Data and Privacy Protection
3.6 Building a Responsible Supply Chain
Future OutlookAppendixKey Performance IndicatorsIndicator IndexReader Feedback
Empowering Innovation Through Intelligence
4.1 Labor Relations Management
4.2 Optimizing the Talent pool
4.3 Safe and Healthy Production
4.4 Public Welfare Commitment
Building a Better Future Together
0102
Standards and References
Data Sources
Report Access
Feedback
The information and data referenced in this report are derived from internal documents of Genbyte and relevantpublicly available sources. Unless otherwise speci?ed, all currency amounts mentioned in this report are denominatedin RMB. Foreign currency ?gures have been converted based on the exchange rate as of December 31, 2024. In the eventof any discrepancies with the ?nancial statements, the ?nancial statements shall prevail.
This report is published in electronic format. You may download it from the Shenzhen Stock Exchange website (http://www.szse.cn) or CNINFO (www.cninfo.com.cn).
We sincerely welcome your feedback and suggestions regarding this report and the Company’s ESG practices. Pleasefeel free to contact us through the following channels:
Email: genbyte@genbytech.comPhone: +86 755-86267201Address: 1st–6th Floor, Building No.4, Huahong Xintong Industrial Park, Intersection of Genyu Road and Nanming Road,Yutang Subdistrict, Guangming District, Shenzhen, China
This report has been prepared with reference to the following standards andguidelines:
Shenzhen Stock Exchange Guidelines for Listed Companies No. 17 – Sustainability Report (Trial)Shenzhen Stock Exchange Guidelines for Listed Companies No. 3 – Guide to Sustainability Report PreparationUnited Nations Sustainable Development Goals (SDGs)China Enterprise Reform and Development Society: Guidelines for Corporate Social Responsibility Reporting (CASS-ESG 6.0)Global Reporting Initiative (GRI) Standards – Referenced ApproachSustainability Accounting Standards Board (SASB) Standards
About This Report
Report Overview
Report Period
Reporting Scope
Terminology
This is the first Environmental, Social, and Governance (ESG) report issued by Genbyte Technology Inc. (hereinafterreferred to as "Genbyte"or "the Company"). The report adheres to the principles of objectivity, standardization,transparency, and comprehensiveness. It provides a detailed disclosure of the Company's ESG practices andperformance, including those of its subsidiaries. This report has been reviewed and approved by the Company's Boardof Directors, who warrant that the content is free from any false records, misleading statements, or material omissions.
The reporting period covers January 1, 2024 to December 31, 2024 (hereinafter referred to as the "reporting period").To enhance comparability and forward-looking relevance, some content may reference data from previous years orinclude future outlooks.
The report covers Genbyte Technology Inc. as the main entity, including its wholly-owned and majority-ownedsubsidiaries. Unless otherwise stated, the scope of this report is consistent with that of the Company's annual report.
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0304
Ensuring Sound Operations ThroughTransparency and E?ciencyAt Genbyte, we remain steadfast in ourcommitment to steady progress and legalcompliance. We have built and continuouslyimproved our governance structure and internalcontrol systems in strict accordance with thelaw. Clear boundaries are maintained betweenthe Company and its controlling shareholders,ensuring a high degree of independence. Weoperate shareholders' meetings in a standardizedand orderly manner, safeguarding shareholderrights and sharing the fruits of development withall stakeholders. In 2024, the Company plansto distribute a cash dividend of RMB 4.5 (taxincluded) per 10 shares and grant 3 bonus shares(tax included) for every 10 shares held.We place great importance on investor relations,offering diverse communication channels tomaintain transparency and trust. Both our Boardof Directors and Board of Supervisors operatein full compliance with laws and regulations,exercising their respective duties responsibly. Weuphold strict information disclosure practices,manage insider information prudently, andmaintain a robust internal audit system tocontinuously elevate our governance capabilitiesand support stable business operations. Witha diversified Board of Directors, our decision-making process is both scientific and rational.Looking ahead, we will continue optimizing ourgovernance structure to ensure long-term stabilityand steady progress in an increasingly complexmarket environment.
In this era of both opportunity and challenge,we hold firmly to our belief in " co-creatingthe ESG ecosystem through responsibility andinnovation." Innovation remains our powerfulengine—we constantly push beyond technicalboundaries to deliver better products andservices that meet evolving market demands.Through the seamless integration of responsibilityand innovation, we are committed to buildinga sustainable ESG ecosystem, working hand-in-hand with stakeholders across society to shape abetter future.The road ahead may be long, but every stepbrings us closer. With persistence, the futureholds great promise. ESG marks our starting pointtoward becoming a century-old enterprise. Let usmove forward together—guided by responsibilityand driven by innovation—to write a future that ismore resilient and sustainable.
Tang JuanVice President & General Manager
Genbyte Technology Inc.
Building an ESG Ecosystem Together
Message from the Vice ChairmanDear shareholders, partners, and friends from all walks of life,The year 2024 marks a signi?cant milestone for Genbyte as we celebrate our 25th anniversary. From ourhumble beginnings in Luohu to the near completion of the “Zhenwei Industrial Park” in GuangmingDistrict, from a two-person startup team to a workforce of over 2,000 innovators, we have alwaysupheld our mission of “revitalizing industry and empowering the nation through technology.” Guidedby innovation as our oar and responsibility as our sail, we’ve navigated the waves of technologicaltransformation and sustainable development with perseverance and purpose.Today, on behalf of the Board of Directors, I am honored to present Genbyte Sustainability Report. Weextend our heartfelt thanks to all those who have supported our journey and are pleased to share ourachievements and practices in ESG.Driving Sustainable Development with GreenTechnology
Genbyte embraces a deeply rooted greenphilosophy, advancing a dual-engine strategyof " smart controllers + new energy" to activelysupport the global dual-carbon goals. In 2024, ourcompany recorded RMB 1.401 billion in revenue,with RMB 55.44 million from our new energybusiness—an increase of 140.78% year-on-year.By deepening the integration of photovoltaic,energy storage, and smart control technologies,we've accelerated iterations in green tech,contributing more e?cient solutions to the globallow-carbon transition.From our early breakthroughs in variablefrequency technology in the home appliancesector to our strategic expansion into newenergy, Genbyte has consistently responded tothe demands of the times through technologicaladvancement. With our " smart manufacturing+ green transformation" approach, we haveredefined our production model—introducingautomation, optimizing energy efficiency, andestablishing a digital green supply chain toenhance upstream control. This has enableda resource-efficient management system thatspans R&D, production, and the entire supplychain.
We firmly believe that employee developmentand social responsibility go hand in hand. Ouraim is to build a sustainable ecosystem whereindividuals grow with the enterprise and valueis created jointly with society. Through a " dual-track career path + targeted training + long-termincentives" system, we unlock talent potentialand provide continuous opportunities foradvancement. We care about employee well-being—offering free meals, accommodation,transportation, and enriching cultural andrecreational activities—nurturing a workplacethat is warm and inclusive.At the heart of our culture lies the belief that"Make hay while the sun shines." We pursueexcellence and innovation, foster a humanisticand compassionate spirit, and promote down-to-earth accountability. By aligning individualand organizational progress, and embeddinggoodness into our business practices, we arebuilding a resilient cultural foundation forsustainable development.
Creating Social Value Through EmployeeGrowth
0506
Key ESG Performance Indicators
0708
Audit CommitteeStrategy Committee
Board of Supervisors
Board SecretaryNominationCommitteeRemuneration andAppraisal Committee
General Manager
Board of Directors
Vietnam O?ceFinance DepartmentMarketing DepartmentHR and Administration CenterInfrastructure DepartmentGeneral Manager's O?ceR&D CenterAudit DepartmentSupply Chain CenterManufacturing CenterSecurities A?airs Department
Visual of organizational structure
General Meeting of ShareholdersAbout GenbyteCompany Pro?leEstablished in 1999 and headquartered in GuangmingDistrict, Shenzhen, China, Genbyte Technologywas listed on the main board of the ShenzhenStock Exchange in 2020. We specialize in deliveringcomprehensive intelligent control solutions—integrating hardware, software, and system control—for renowned enterprises worldwide. With a strongfoundation in technological innovation, high-endmanufacturing, and quality assurance, our products andservices span a wide range of sectors, including powertools, major appliances, innovative small householdappliances, automotive electronics, cleaning robots,medical electronics, and new energy.With strong advantages in technological innovation,high-end smart manufacturing, quality assurance, andsupply chain management, Genbyte Smart has becomea trusted partner for renowned brands includingDometic, Shark Ninja, TTI, Dreame, Homa, Panasonic,and China Southern Power Grid.Guided by the philosophy of "Green Technology, SmartLiving," the Company has always placed technologicalinnovation at the core of its development strategy. Wecontinuously increase R&D investment and strengtheninnovation capabilities, with many of our technologiesnow leading the industry.Today, the Company stands as a pioneer in frequencyconversion control and a driving force in developingintelligent control solutions across smart homeappliances, power tools, and new energy sectors.We have been recognized as a National High-TechEnterprise, a Guangdong Provincial EngineeringTechnology Research Center, one of Shenzhen's Top100 Innovative SMEs, a Top 500 Enterprise in Shenzhen,and a recipient of the Shenzhen Enterprise InnovationRecord Award.
As we witness the rapid evolution of the intelligentcontrol revolution, built upon the foundation of smartcontrollers, the industrial ecosystem is being reshaped—unlocking new opportunities in fields like new energyvehicles and artificial intelligence. Looking ahead, wewill continue to pursue a technology-driven strategy, co-creating a connected, intelligent future with our partnersacross the value chain, and making life smarter andbetter.
0910
The company established a subsidiary in Vietnam,expanding its overseas production base to reducecosts and better align with international customerneeds. Additionally, the company entered the newenergy sector, creating a second growth engine.
The Zhenwei Industrial Park is planned to complete itsconstruction and inspection, significantly increasing theproduction capacity of core products such as smart controllersand energy storage systems, supporting the company’sstrategy in new energy and intelligence.
The company won a bid for industrial land andbuilt the Zhenwei Industrial Park, boosting overallcompetitiveness.
The company donated to the Yutang Chamber ofCommerce’s charitable relief fund.
The company was honored as a benchmark for independentinnovation, leading the development of new productive forcesthrough technological innovation.In December, the company successfullylisted on the Shenzhen Stock Exchange’sSME Board (stock code: 003028). Fundsraised were used for expanding smartcontrol component production capacity,building R&D centers, and replenishingworking capital.
2022Acquisition of Land Use Rights
2020Listed on the Shenzhen StockExchange
2021Accelerated Global Expansion
2024Benchmark for Independent Innovation
2025Planned Completion of Industrial ParkConstruction
2024Charity and Social Responsibility
Genbyte was founded in July, with its registeredoffice located in Luohu District, Shenzhen. Inits early stages, the company focused on theresearch, development, and manufacturing ofsmart controllers for refrigerators, becoming oneof the earliest domestic enterprises to enter thisspecialized ?eld.
As the home appliance control business matured,the company expanded into the automotiveelectronics sector, laying the foundation forfuture diversi?cation.
Initiated the transition to a joint-stock company and commencedpreparations for an IPO. In the same year, implemented anemployee stock ownership plan to optimize the equity structure.
The company achieved a signi?cant breakthrough in vectorfrequency control technology, transitioning products fromtraditional ?xed frequency to e?cient variable frequency,greatly enhancing market competitiveness.
Leveraging its technological expertise in homeappliances and automotive electronics, the companyentered the innovative appliance market andaccelerated its business expansion.
Expanded into sectors such as power toolsand medical electronics, while simultaneouslyadvancing the development of an intelligentmanufacturing system.
Genbyte (Hong Kong) was set up tostrengthen international businessoperations and promote productexports to markets in Europe,America, and Southeast Asia.
Expanded production and R&D capacity byrelocating the company’s headquartersto Guangming District, Shenzhen, creatingspace for future growth in manufacturingoutput.
2018Headquarters Relocationto Guangming District2007Technological Breakthrough
1999Company Founded
2010Diversi?cation of Business
2017Shareholding Reform and IPO Preparation
2019Establishment of HongKong Subsidiary
2005Expansion into Automotive Electronics
2015Exploration of Emerging Markets
Development History
1112
Automotive Electronics
Power Tools
Robots and SmartInnovation Products
New Energy Storage andInverters
Ongoing ExpansionNew Products
Smart Appliances
In-vehicle inverterIn-vehicle air puri?er controllerIn-vehicle variable frequency airconditioning controller
In-vehicle gas refrigeratorcontrollerIn-vehicle hot and coldcup controllerGenerator ControllerLeaf Blower ControllerDrill Controller
Screwdriver ControllerLawn Mower Controller...
Cleaning Robot ControllerLawn mower robot controller
Underwater robot controller...
Refrigerator ControllerElectrolyte-Free Drive ControllerCompressor DriveHair Dryer and Heater ControllerCo?ee Maker Controller
Micro InverterHome Energy Storage
Optical Module ReaderTemperature Probe
Food Processor ControllerAir Fryer ControllerTea Brewer ControllerWater Dispenser Controller...
Portable Energy StorageSmart Electrical Cabinet...IoT Development ToolsHumanoid Robot Controller...
Product ApplicationsCore Philosophy
Service Philosophy
Corporate Vision
Development Mission
Core ValuesInnovation: Committed to technological innovation, continuously exploring new technologies and processes to maintain a leadingposition in the intelligent control ?eld.Struggle: Embracing challenges with courage, persevering through di?culties, and driving the company forward with a spirit ofhard work and dedication.Collaboration: Valuing teamwork, encouraging cross-department and cross-?eld collaboration to achieve the company’s goalstogether.Win-Win: Building mutually bene?cial relationships with customers, suppliers, employees, and society at large to achieve collectivegrowth and development.
Domestic Market：
Genbyte holds a significant position in the domestic market, establishinglong-term, stable partnerships with numerous well-known enterprises.The company has earned high praise from customers due to its exceptionalproduct quality and superior service.
Overseas Market：
In recent years, Genbyte has actively expanded its overseas market andincreased its efforts to go global, successfully entering the European,American, and Southeast Asian markets. The company has increased itsinvestment in the Vietnamese subsidiary through Genbyte (Hong Kong),implementing a mid-to-long-term international development strategy toenhance its competitiveness in overseas markets.
Representing through research, innovatingwith passion, simplicity and pragmatism,
e?ciency and rigor.
Innovative design, meticulousmanufacturing, fast delivery, quality
service.
To become a global leader in providingintelligent control integrated solutions.
Revitalize industries, empower thenation with technology, enhance lifethrough intelligence, and empower thefuture.
Business
Layout
Corporate Culture
Industry and Business Layout
1314
2024 Shenzhen Top 500 Enterprises
Shenzhen Enterprise Confederation &Shenzhen Entrepreneurs Association
2024 Top 100 Enterprises in OperationalPerformance (Shenzhen Top 500)Shenzhen Enterprise Confederation &Shenzhen Entrepreneurs Association
23rd (2024) Shenzhen Enterprise Innovation Record
Shenzhen Enterprise Innovation Record Evaluation Committee & Organizing Committee
Benchmark Enterprise in IndependentInnovation
Shenzhen Enterprise Innovation RecordEvaluation Committee & Organizing Committee
Charitable and Caring EnterpriseFederation of Industry and Commerce, YutangSubdistrict, Guangming District, Shenzhen
"Level 3 Intelligent ManufacturingCapability Maturity" Certi?cationBRICS Future Network ResearchInstitute (Shenzhen, China)
Annual Honors
Genbyte upholds the business philosophy of "Green Technology, Smart Living" and is committed to becoming a global leader inthe ?eld of intelligent control through continuous technological innovation and market expansion. The company adheres to itscore values of "Innovation, Struggle, Collaboration, and Win-Win" and has developed a series of scienti?c business strategies andmedium- to long-term plans, laying a solid foundation for the company's long-term development.
Technological Innovation Strategy
Global Strategic Deployment
Market Expansion Strategy
Talent Development StrategyQuality Assurance Strategy
Increase investment in research and development,establish a scienti?c and comprehensive R&D system,master core technologies, and enhance productcompetitiveness.
Accelerate international expansion, strengthen localization strategies, andleverage digital technologies and innovation to enhance global competitiveness.
Actively expand both domestic and internationalmarkets, establish strategic partnerships with well-known enterprises globally, and increase marketshare.
Place a strong emphasis on talent cultivation andrecruitment, build a high-quality talent pool, andprovide strong support for the company’s long-termdevelopment.Develop a robust quality control system to ensure highproduct quality, earning customer trust and positivefeedback.
Technolo-gical R&D
MarketExpansion
SmartManufactur-ing
TalentDevelop
ment
SocialResponsibi-lity
Over the next three years, Genbyte will continue to increase R&D investment to tacklekey technological challenges, with a focus on enhancing product intelligence and energye?ciency. At the same time, the company will strengthen cooperation with leading domesticand international enterprises and top universities to jointly advance the development ofintelligent control technologies.In the next ?ve years, the company aims to signi?cantly grow its market share both at homeand abroad, with breakthroughs in emerging sectors such as new energy vehicles, smartappliances, and robotics. E?orts will also be made to build a stronger brand presence andimprove overall brand recognition and reputation.Genbyte will accelerate its smart manufacturing strategy by deeply integrating IT withintelligent manufacturing technologies to realize automated production, data-drivenmanagement, and high-quality services. A global manufacturing footprint will be establishedto enable localized production and fast response to market demands.The company will intensify its efforts in talent cultivation and recruitment, building acomprehensive and scientific talent development system. At the same time, Genbyte willemphasize career planning and improved welfare for employees, inspiring motivation andcreativity across the organization.Genbyte is committed to actively ful?lling its social responsibilities by participating in publicwelfare and community programs. Through technical training and support for charitableinitiatives, the company seeks to foster more talent and contribute to a harmonious andinclusive society.
Medium- to Long-Term Planning
BusinessStrategy
Industry and Business Layout
1516
ESG Governance System
Genbyte continues to deepen its sustainable development management byestablishing the "Sustainable Development (ESG) Management System,"which provides scienti?c guidance for sustainability e?orts at all levels of theCompany. To enhance and improve the Company's RBA social responsibilitymanagement system, Genbyte has developed the "RBA Social ResponsibilityManagement Handbook" in line with the "Responsible Business Alliance(RBA) Code of Conduct" and tailored to the Company's speci?c situation. Thishandbook integrates RBA's social responsibility, environmental, health, andsafety policies into the Company's operations, using the CAPR standard forcorrective actions to continually improve the Company's social responsibilitymanagement performance. The Company drives its sustainable developmentwith a robust ESG management system. During the reporting period, theCompany successfully passed the RBA VAP audit.
To effectively advance its ESG strategy and achieve sustainable development goals, Genbyte has established and continuouslyimproved its ESG management framework. The company has clearly defined responsibilities at all levels and embedded theconcepts of ESG and sustainable development into its management and decision-making processes, ensuring that ESG principlesare integrated into every aspect of its operations.
Decision-Making Body
Board ofDirectors
GeneralManagementO?ce
SustainableDevelopmentLeadershipTeamSustainableDevelopment TaskForceLeadershipTeamO?ce
Research andGuidance Body
ManagementLevel
Execution Level
Makes decisions on significant matters related to the company'ssustainable development.Reviews the Company's annual sustainability report.Researches and drafts the Company's sustainable developmentstrategies and policies.Conducts research on ESG and provides decision-making consultationand advice.Organizes or coordinates the supervision, inspection, evaluation, andprogress tracking of policies, management, performance, and goalsResponsible for daily communication and coordination of sustainabledevelopment tasks at all levels.Organizes and supervises the implementation of sustainabledevelopment initiatives.Collaborates with various business departments to coordinate anddrive the implementation of sustainable development initiatives.Responsible for carrying out and implementing the Company'ssustainable development strategies in line with the overall plan.Implements sustainable development tasks and reports executionprogress to the Sustainable Development Leadership Team.
ESG Management Structure and FunctionsESG Mission and VisionStrengthening ESG Management
Genbyte has established a clear mission and vision for sustainable development, integrating ESG principles into its daily operationsand management. The Company is committed to working alongside its clients to promote environmental protection and energyefficiency, advancing the application of green and low-carbon technologies while driving high-quality economic growth anddemonstrating strong social responsibility. Looking ahead, Genbyte will continue to collaborate closely with stakeholders to deliversmarter, greener products and contribute meaningfully to environmental preservation and social progress.
Genbyte upholds the core value of "Green Technology, Smart Living" andis committed to driving sustainable social, environmental, and economicdevelopment through innovative technologies and intelligent solutions. Thecompany focuses on green technology to empower global clients in achievingenergy efficiency, resource recycling, and low-carbon transformation,contributing to the creation of a future where humans and nature coexistharmoniously.In terms of environmental responsibility, the Company focuses on renewableenergy and energy efficiency, developing photovoltaic inverters, energystorage systems, and high-efficiency smart controllers to help achieveglobal carbon neutrality goals. For social responsibility, it ensures employeerights, provides fair working conditions, and gives back to the communitythrough public welfare initiatives. In corporate governance, the companyhas established transparent and compliant decision-making processes,strengthened ethical management of the supply chain, and ensures that allbusiness activities comply with international ESG standards.
The Company aims to becomea global leader in sustainabledevelopment in the field ofintelligent technology, drivingthe industry's transformationtoward a green, smart, andlow-carbon future throughtechnological innovation andresponsible corporate practices,providing strong support for theachievement of global sustainabledevelopment goals.
In 2024, Genbyte launched a specialized ESG training program covering topics such as policy and theory, business ethics, privacyprotection, the RBA Code of Conduct, and human rights issues including anti-discrimination. The program also included sessionson "Corporate Disclosure and Governance Optimization Strategies under Emerging ESG Trends" to strengthen both theoreticalunderstanding and practical skills. Meanwhile, the company established a continuous improvement mechanism for the trainingprogram—re?ning course design based on feedback, regularly updating the industry case library, and forming an ESG reportingteam to promote the practical application of outcomes—thereby systematically enhancing ESG management e?ectiveness.
MissionVision
On December 25, 2024, the company conducted a specializedESG training session focused on three key modules: ESG ratingmethodologies, interpretation of domestic and internationalESG policies, and practical ESG report writing. By integratingcase studies with hands-on exercises, the training deepenedemployees' understanding of ESG concepts. As a result, theteam's practical ESG capabilities were significantly enhanced,providing strong support for advancing the Company'ssustainability goals.
trainning
1718
Reduce theenvironmental impactthroughout thecompany's operationsand product lifecycle,driving the greentransformation.
Optimize thecompany’sgovernance structureto enhance decision-making transparencyand accountability.Establish a robustESG risk managementsystem to ensurecompliance andsustainability incompany operations.
Dimen-sion
Social
Gover-nance
Corporate Governance Optimization:
Risk Management and Compliance:
GoalStrategy and Action Plan
CorrespondingUN SustainableDevelopment Goals(SDGs)Employee Care and Career Development:
Offer competitive compensation, benefits, and healthcoverage, with a focus on employees' physical and mentalwell-being.Establish diverse career development pathways, providingemployees with skill training and promotion opportunities.Diversity and Inclusion:
Promote gender diversity in management, increasing therepresentation of women in leadership positions.Establish anti-discrimination and anti-harassment policiesto foster a fair and inclusive work environment.
Community Engagement and Public Welfare:
Implement community support programs, with a focus onenvironmental protection and clean energy promotion.Encourage employees to participate in volunteer services,actively giving back to society.
Supply Chain Social Responsibility:
Develop a supplier code of conduct, outliningenvironmental, labor rights, and business ethicsrequirements.Conduct regular audits and training for suppliers to ensurecompliance with sustainability standards.Prioritize partnerships with socially responsible suppliers topromote the sustainable development of the supply chain.Improve the board structure by increasing the proportionof independent directors and female directors, enhancingthe independence and scientific nature of decision-making.Establish a comprehensive ESG risk management systemto identify potential risks in the environmental, social, andgovernance areas.Conduct regular compliance training to ensure thecompany's operations align with domestic andinternational laws, regulations, and industry standards.Transparency and Information Disclosure:
Regularly publish sustainability reports to disclose thecompany’s performance and progress in environmental,social, and governance areas.Adopt internationally recognized reporting standards toensure transparency and comparability of information.Maintain communication with stakeholders through thecompany website and social media platforms, addressingpublic concerns.
Sustainable Development Goals and ActionsGenbyte actively responds to the United Nations' Sustainable Development Goals (SDGs) by formulating a Strategic Plan forSustainable Development. The company has established speci?c sustainability targets and integrated ESG principles deeply intoits daily operations. Through concrete actions, it is committed to advancing the concept of sustainability and contributing to theachievement of the UN SDGs.
The companypositionstechnologicalinnovation as itscore driving force,focusing on thee?cient and energy-saving R&D ofsmart controllers,inverters, and energystorage systems. Bydeeply integratinggreen technologies,it empowersthe low-carbontransformation ofits products. A greenmanufacturingsystem has beenestablished in strictaccordance withintelligent greenmanufacturingstandards to reducethe environmentalfootprint acrossoperations andproduct life cycles,while smartmanufacturingupgrades enhanceresource e?ciency.In collaborationwith upstreamand downstreampartners, thecompany promotesgreen supply chainmanagement,requiring suppliers toprovide products thatmeet internationalenvironmentalstandards such asRoHS and REACH.With these e?orts,the company iscommitted tobecoming a globalleader in smartcontrol and cleanenergy solutions.
Dimen-sion
Environ-ment
GoalStrategy and Action Plan
CorrespondingUN SustainableDevelopment Goals(SDGs)
Green Product Innovation:
Integrate eco-design principles during the product design phase,prioritizing the use of environmentally friendly materials and energy-saving technologies.Continuously develop high-efficiency, energy-saving smart controllerproducts while actively expanding inverter and energy storage o?erings topromote the adoption of clean energy, helping customers reduce energyconsumption and carbon emissions.Establish a product lifecycle assessment system to comprehensivelyevaluate the environmental impact of products from production todisposal.
Clean Production and Energy Management:
Optimize production processes and promote smart manufacturingtechnologies to reduce resource waste and pollution emissions.Gradually introduce renewable energy at production facilities toreduce reliance on traditional energy sources.Implement an energy management system, conduct regular energyaudits, identify energy-saving potential, and continuously improve.
Circular Economy and Waste Management:
Establish a comprehensive waste classification and recyclingsystem to promote the resource utilization of production waste.Collaborate with partners to develop product recycling programs,encouraging product remanufacturing and material recycling.
Carbon Neutrality Pathway:
Develop a carbon neutrality roadmap, outlining emission reductiontargets and implementation pathways.Achieve operational carbon neutrality gradually throughtechnological innovation and carbon o?setting.Actively participate in the carbon trading market and explore theapplication of carbon ?nancial tools.
1920
Product quality and safety,technological researchand innovation, supplychain management,environmental compliancemanagement, andaddressing climate change.
Stakeholdercommunication, duediligence, fair treatment ofsmall and medium-sizedenterprises, technologyethics, rural revitalization,and ecological protection.
Employee health and workplace safety, compliance andrisk control, talent development, corporate governance,employee rights protection, customer rights protection,business ethics, circular economy, shareholder rightsprotection, data security and customer privacy,waste management, energy management, pollutantemissions, green manufacturing, ESG governance,water resource utilization, community engagement andsocial welfare.
The material issues are analyzed based on two dimensions: impact signi?cance and ?nancial importance.After considering relevant internal and external feedback, the company con?rms the material issues anddevelops a materiality matrix.Con?rmation
Explanation ofmateriality
ESG topics
Topics of both ?nancial andimpact materiality
Topics with impactmateriality only
Topics of generalmateriality
Importance to the Company's Finances
Importance to the Economy, Society, and Environmental Impactshigh
high
Highly Important Issues Medium Important I Issue
Generally Important Issue
Compliance and Risk ControlESG GovernanceProtection of Shareholder RightsBusiness EthicsStakeholder CommunicationDue DiligenceCorporate Governance
Energy ManagementWater Resource UtilizationWaste ManagementEnvironmental ComplianceManagementPollutant EmissionsGreen Manufacturing
Product Quality and SafetyTechnological Research,Development, and InnovationEmployee Health and Asset SafetyData Security and Customer PrivacyProtectionTalent Development and TrainingCustomer Rights ProtectionSupply Chain ManagementEmployee Rights ProtectionCommunity Engagement and SocialWelfareFair Treatment of Small and MediumEnterprisesEthics in TechnologyRural Revitalization
Circular EconomyClimate Change MitigationEcological Protection
Genbyte is committed to building strong collaborative relationships with stakeholders, valuing their diverse interests. Thecompany identifies and communicates with stakeholders based on industry characteristics and business requirements,establishing a transparent and e?ective communication mechanism. This ensures timely responses and resolution of key concernsand demands from all stakeholders.
Government andRegulatory AuthoritiesInvestors andShareholders
Employees
Suppliers and Partners
Customers
Media and Public
Compliance with laws,tax payment,innovation development
Strengthen compliance management,actively pay taxes,focus on technological innovationRegular disclosure ofannouncements, cash dividendpolicy, strengthen risk controlImprove compensation system,protect employee rights,conduct health check-ups,ensure smooth promotion channelsFul?ll contracts,conduct clean procurement,business communication andcollaborationProtect customer rights,increase investment in R&D,handle customer feedbackVolunteer activities,charitable donations,media interviews
Steady and sustainable operations,shareholder rights protection,enhanced risk management
Honest cooperation,business ethics, industry developmentCustomer service,product quality,after-sales serviceCommunity development,charitable activities,information disclosure
Compensation and bene?tsrights protectionhealth and safetycareer development
Stakeholder Communication:
Identi?cation of Key Issues
Stakeholder CategoriesDemands and ExpectationsCommunication and Response
Genbyte has thoroughly studied the United Nations Sustainable Development Goals (SDGs), domestic and international industrypolicies, and business guidelines issued by stock exchanges. By considering the key areas of concern and expectations ofstakeholders, the company identi?ed 28 ESG issues for 2024. These issues were evaluated and ranked based on two dimensions:
their importance to economic, social, and environmental impacts and their ?nancial signi?cance to the company, resulting inthe creation of a materiality matrix for substantive issues.
The company references the United Nations Sustainable Development Goals (SDGs), ESG-relatedstandards, national macro policies, and industry trends. By aligning with the latest policy requirements andbenchmarking against industry peers' material issues, the company identi?es material ESG issues relevantto its operations.The company conducted an opinion survey using online questionnaires, gathering 349 questionnaires frominternal and external stakeholders. Based on the survey results, a systematic analysis of material issueswas performed, incorporating expert opinions to assess the degree of internal and external impact of theseissues.
Key Issues Identi?cation Process
Identi?cation
Assessment
2122
Compliance LeadershipEmpowering Sustainable Development
Corporate GovernanceCompliance and Risk ManagementEnhancing Investor Relations ManagementPracticing Business Ethics
2324
The Board of Directors adheres to a sustainable development strategy, continuously improving board diversity and independence.The Company has established the "Independent Director Work System" and the "Independent Director Special Meeting System."Independent directors do not hold any position other than that of a director at the Company and have no direct or indirect interestswith the Company, its major shareholders, or its actual controllers. They are able to diligently perform their duties and play a rolein decision-making, oversight, checks and balances, and providing professional advice within the board, ensuring fairness andtransparency in Company decisions and protecting the interests of the Company and minority shareholders.
During the reporting period
Independence and Diversity
The Company held board
meetings
The Strategy Committeeheld meetings
The compensation andevaluation committee held
meetings
The audit committee held
meetings
In total, the committeesreviewed 30 proposals
During which proposals were
reviewed and approved
The independent directors'special committee heldmeeting
Reviewing and approving
proposal
DirectorGender
DirectorEducationBackground
DirectorAge
DirectorCategory
Male Female
Independent DirectorNon-independent DirectorBachelor's Degree Master's Degree Doctoral Degree
Age 40–50 Age 50–60 Age above 60
Corporate Governance
Genbyte strictly adheres to laws and regulations such as the "Company Law of the People's Republic of China" and the "SecuritiesLaw of the People's Republic of China," continuously improving its corporate governance structure. The company has built ane?cient and clear governance framework with well-de?ned roles and responsibilities at all levels. Through reasonable distributionand checks and balances of responsibilities, the company ensures the scienti?c and fair nature of its decision-making. During thereporting period, the company revised its "Articles of Association" and continued to enhance its governance system.
The shareholders' meeting, as the highest authority of the company, exercises its powers in strict accordance with the "Articlesof Association" and the "Rules of Procedure for Shareholders' Meetings." It treats all shareholders equally, ensuring theirparticipation and decision-making rights on important company matters. The notification, convening, resolutions, and votingmethods of the shareholders' meeting all comply with relevant regulations.
The board of directors is accountable to the Shareholders' Meeting, and the Company has established the "Board Meeting Rules"to standardize the meeting procedures and decision-making processes of the board. The board has four specialized committees:
the Audit Committee, Nomination Committee, Compensation and Evaluation Committee, and Strategy Committee, as well asa Special Committee for Independent Directors. Each committee strictly performs its duties in accordance with relevant laws,regulations, and meeting rules, ensuring the scienti?c decision-making of the board on major issues.
Corporate governance structure
During the reporting period
Shareholders' Meeting
Board of Directors
The Company held 4 shareholders'
meetings
Reviewed And Approved 17
Proposals
Audit CommitteeStrategy Committee
Board of Supervisors
Board Secretary
Board of Directors
General ManagerNominationCommitteeRemuneration andAppraisal Committee
General Meeting of
Shareholders
2526
Compliance Management OperationsEstablish necessary mechanisms and processes to identify compliance requirements,analyze gaps between current business practices and compliance obligations, and determinethe root causes of potential violations. Evaluate the likelihood and severity of risks, andprioritize compliance risk management based on business strategy, market environment,and the Company's risk tolerance.Establish a compliance risk early warning mechanism tailored to the Company's risk pro?leand operational realities. Timely issue early warnings and formulate emergency responseplans. These plans should clearly de?ne the composition of the emergency response team,response procedures, communication mechanisms, emergency measures, and resourceallocation.Develop a comprehensive compliance risk response mechanism, select appropriate responsestrategies, assess current handling capabilities, and formulate and implement responseplans. Ensure that all identified and assessed compliance risks are addressed with timelyand appropriate control and mitigation measures to keep risks within acceptable levels.
The Company headquarters conducted
four legal training sessions.The Company strengthens employees' compliance awareness throughongoing efforts in building a compliance-oriented culture. During thereporting period, compliance training sessions were conducted fordirectors, supervisors, and senior executives, as well as on compliancemanagement systems. These trainings targeted all relevant departmentsincluding management, audit, legal, and business units. By enhancingemployees' awareness of compliance risks and their compliancecapabilities, the company fosters a culture of "compliance in every roleand every task." This culture-driven approach effectively prevents andmitigates compliance risks, while enhancing corporate governance andmarket competitiveness.
Risk Assessment
Risk Early Warning
Risk Response
Compliance Culture Development
During the reporting period
Strategic LevelOversight LevelManagement LevelOperational Level
Board of Directors
Board of SupervisorsCompliance Management
Committee
Chief Compliance O?cer,Committee
Compliance management structure
The Supervisory Board is the Company's supervisory body, accountable to the Shareholders' Meeting. The Company hasestablished and strictly implemented the "Rules of Procedure for Supervisory Board Meetings." The members of the SupervisoryBoard e?ectively perform their duties, supervising the actions of the board of directors and senior management in executing theircompany duties, safeguarding the interests of all shareholders.
Supervisory Board
Compensation Management for Directors, Supervisors, andSenior Executives
The Company held Supervisory Board
meetings
Reviewed 28 proposalsDuring the reporting period
In terms of compensation management, the company adheres to the principles of fairness, motivation, and compliance, and hasformulated the "Compensation Management System for Directors, Supervisors, and Senior Executives." The Compensation andEvaluation Committee is responsible for formulating and reviewing the company's compensation policies, compensation plans,and performance evaluations for directors and senior executives, ensuring that the executive compensation structure reflectsperformance orientation while aligning with the Company's long-term strategic goals.The compensation structure for internal directors, supervisors, and senior executives consists of base salary and performance-based bonuses. The performance bonus is determined based on the Company's annual operating performance and individualassessment results, and is linked to the Company's strategic objectives. Independent and external directors receive a ?xed monthlystipend.During the reporting period, in strict accordance with the "Administrative Measures for Equity Incentives of Listed Companies"and other relevant laws and regulations, the Company formulated the "2024 Restricted Stock Incentive Plan" to establish a soundlong-term incentive mechanism. By setting clear incentive targets and performance standards, the Company aims to fully motivatedirectors and senior executives while ensuring their independence and diligence in performing their duties.
Genbyte continuously improves its compliance management system, establishing a framework that aligns with its developmentneeds. In 2024, the Company comprehensively revised its "Compliance Management System" and formulated the "Code of Conductfor Directors, Supervisors, and Senior Executives." A compliance management organizational structure was established, includingthe formation of a Compliance Management Committee. Legal and regulatory reviews were made a mandatory prerequisite formajor business decisions and operations, e?ectively integrating compliance into all aspects of the Company's operations.
During the reporting period
The Company paid a total of RMB 11,621,800 in compensation to directors, supervisors,
and senior executives
Compliance and Risk ManagementCompliance Operations
2728
Risk Management
Internal Control Execution and Supervision Process
Genbyte continues to enhance the construction of its enterprise-wide risk management system by formulating key frameworkssuch as the Risk Management System Policy and the Risk Management Measures and Supervision Mechanism. A three-tier riskwarning system—comprising department-level monitoring, functional-level review, and audit-level supervision—has beenestablished to strengthen oversight across all levels.The Audit Department assigns responsible departments and designated risk managers for each major risk item listed in the AnnualMajor Risk Register, specifying detailed control measures and implementation timelines.The Company has further refined a five-tier risk governance structure involving the Board of Directors – Audit Committee –Management – Business Departments – Audit Department, and operates under a "Three Lines of Defense" model. This frameworkclearly delineates responsibilities at each level and is gradually evolving into a comprehensive risk management systemencompassing strategic, operational, ?nancial, compliance, and ESG-related risks.
Board Oversight
Executive Oversight
Independent Audit Oversight
The Audit Committee regularly reviews risk management reports and deliberateson documents such as the Annual Major Risk List, Risk Assessment Report, andRisk Alert Report.Major risk issues are promptly reported to the Board of Directors, which providesguidance on risk mitigation.Management regularly convenes joint risk meetings to analyze emerging risksin macroeconomic trends, regulatory changes, and business operations, and tode?ne key risk prevention priorities.Department heads serve as the primary risk owners, bearing responsibility formajor risk prevention within their respective areas.As the third line of defense, the Audit Department conducts regular internal controlevaluations and audits of major risk follow-ups to assess the e?ectiveness of riskmanagement practices.It also carries out accountability audits on signi?cant risk events and negligence inrisk management, ensuring that accountability measures and system correctionsare implemented in parallel.
The Company has continued to re?ne its risk management processes by compiling the 2024 Risk Management Report. Risk controland compliance checkpoints have been embedded at key stages of business work?ows to enable proactive risk prevention. Anorganization-wide risk identi?cation and assessment was conducted for the year, resulting in the 2024 Major Risk List. E?ectivecontrol measures were implemented to mitigate identi?ed risks, while potential major risks were documented in dedicated reportsand submitted to the Audit Committee for review.
2024 Risk Identi?cation and Response
Tax Management
The Company strictly adheres to relevant laws and regulations, includingthe Law of the People's Republic of China on the Administration of TaxCollection and the Enterprise Income Tax Law of the People's Republic ofChina. It has established a Tax Management Policy based on the principleof "strict compliance with national tax laws and timely, full payment oftaxes." The Company fulfills its tax obligations by conducting regular taxrisk assessments and continuously improving its risk prevention measures.The Finance Department serves as the central unit for tax management,overseeing the entire process including tax planning, filing and payment,and compliance monitoring.
During the reporting period
The Company's total tax paymentamounted to RMB 23.312 million.RMBmillion
On February 27, 2024, the Company organized aspecialized training session on "Information DisclosureCompliance Management" for multiple departments.The training focused on case studies of informationdisclosure, updates on relevant legal developments andcompliance requirements, as well as risk identificationand response strategies. The session aimed to ensurethat participants clearly understand the boundaries ofcompliance management, enhance their risk assessmentcapabilities, and promote the Company's lawful andcompliant operations.
To continuously optimize and enhance its internal control mechanisms, the Company strictly adheres to the Company Law of thePeople's Republic of China, the Basic Standards for Enterprise Internal Control, and other relevant regulations. It has formulatedinternal documents such as the Internal Control System and Internal Control Procedures, steadily improving its internal controlmanagement framework.Following principles of "full-process coverage, clear responsibilities, issue identification, and closed-loop rectification,"the Company ensures standardized operations in line with listed Company requirements and continually strengthens theimplementation and supervision of internal controls.
Compliance Trainingcase
Compliance Training Session
Internal Control Development
The Company has established an Internal Audit Management System, under which the Internal Audit Department operates directlyunder the Audit Committee of the Board of Directors. This department is responsible for organizing and carrying out day-to-dayaudit tasks, including verifying the authenticity and completeness of ?nancial information and monitoring the establishment andimplementation of internal control systems.In 2024, the Company focused on key areas such as compliance management, financial control, major investments, and ESGmanagement, diligently executing its annual audit plan. Over the year, a total of 15 internal audit projects were conducted,resulting in 28 audit recommendations. By the end of the reporting period, 22 of these recommendations had been implemented,with 3 included in the 2025 continuous improvement plan.
Board of DirectorsAudit CommitteeInternal Audit DepartmentFunctional DepartmentsBusiness Units
Final evaluation and decision-makingPeriodic assessments and deliberation on major risksIndependent supervision and specialized auditsRegular inspections and compliance reviewsDaily implementation and self-inspectionsStrengthening Internal Audit Oversight
Internal Control Execution and Supervision Process
2930
Practicing Business Ethics
Investor ReturnsThe Company places great importance on delivering returns to investors. Since its IPO, it has actively implemented a dividendpolicy to enhance investor returns, strictly adhering to the profit distribution policy outlined in its Articles of Association. Italso formulated the "Three-Years (2022–2024) Shareholder Dividend Return Plan." As of the publication date of this report, theCompany has distributed nearly RMB 200 million in dividends (including the 2024 ?scal year). Notably, the dividend payout ratiowas increased in the first half of 2024, with a cash dividend of RMB 4.5 (pre-tax) per 10 shares, totaling RMB 50.3006 million—representing 55.63% of the net pro?t for the period.
Genbyte upholds fair competition and integrity, strictly adhering to domestic laws such as the Anti-Monopoly Law of the People'sRepublic of China, Anti-Unfair Competition Law of the People's Republic of China, Anti-Money Laundering Law of the People'sRepublic of China, and international standards like the United Nations Convention against Corruption. The Company has establishedseveral internal management systems, including the Genbyte Code of Business Conduct, Business Ethics and Compliance System,Anti-Bribery Compliance Policy, Ethical Standards Control Procedures, and Labor and Business Ethics Risk Management ControlProcedures. Additionally, the Company has implemented management procedures such as the Social Responsibility and BusinessEthics Management Control Procedures, Fair Trade, Advertising, and Competition Control Procedures, Prohibition of CollusionControl Procedures, and Conflict of Interest Reporting Control Procedures. With a "zero-tolerance" approach, the Companyintegrates integrity and compliance into its business strategy, aiming to eliminate all forms of commercial fraud, false advertising,and improper bene?ts transfer.The Company has established an Ethics Committee to conduct regular audits of ethical management. It also set up an independentCompliance Investigation Team responsible for overseeing business behavior both inside and outside the Company, whilestrengthening the board and management's leadership in integrity and compliance. Business ethics and compliance targets arenow part of the executive performance evaluation system, with executive compensation closely tied to target achievement.
Dividend Year
Dividend Plan
(Pre-tax)
Dividend Amount
(RMB 10,000)
Percentage of Net Pro?tAttributable to Shareholdersof the Listed Company2020202120222024 Interim2024
3 RMB per 10 shares3 RMB per 10 shares3 RMB per 10 shares
4.5 RMB per 10 shares
4.5 RMB per 10 shares, 3
bonus shares per 10 shares
3,288.003,342.073,324.975,030.065,008.70
18.93%
15.91%
19.49%
55.63%
24.64%
Genbyte– Certi?cate of Membership in the Guangming District Clean Enterprise Alliance
Enhancing Investor RelationsManagement
Investor Relations
To standardize its investor relations practices, promote a betterunderstanding of the Company, and maximize both corporate valueand shareholder interests, Genbyte has established an InvestorRelations Management Policy in accordance with the Securities Lawof the People's Republic of China and relevant guidelines on listedcompany-investor relations.The Company maintains regular communication with investorsthrough multiple channels and platforms, including investorhotlines, online Q&A platforms, public email, brokerage strategymeetings, roadshows, and conference calls. Timely responses areprovided to investor inquiries to ensure their right to information andconsultation.Additionally, to diversify communication formats and broadenengagement, the Company leverages illustrated annual reportsummaries, its official WeChat account, and corporate websiteto promote transparency and enhance the quality of informationdisclosure.During the reporting period
The Company conducted a total of 27institutional investor research activities
It published 14 records of investor
relations activities
Responded to 72 investor inquiries onthe online Q&A platform
Achieving a 100% response rate
Held 2 earnings brie?ngs
Organized 1 group investor
reception event
Genbyte strictly complies with the Measures for the Administration of Information Disclosure by Listed Companies and otherrelevant laws, regulations, and guidelines. The Company has established the Information Disclosure Management Policy and theInternal Reporting System for Material Information, aiming to enhance communication with shareholders and potential investorsthrough high-quality information disclosure and improve corporate transparency. In 2024, the Company had no false records,misleading statements, or material omissions, and fully complied with information disclosure regulations.
Information Disclosure
During the reporting period
The Company disclosed 6 regular reportswith no incidents of penalties arising from information disclosure violations
118 interim reports
Institutional Investor Research Activities
3132
During the reporting period
The Company conducted one
anti-bribery
Anti-corruption training session lasting
three hoursThe training achieved 100% coverage amongdirectors and senior management60% Coverage among employees
The pass rate for the compliancetraining assessment was 100%
The signing rate for integrity-relatedcommitments and business ethicsdeclarations reached 90%
No anti-corruption or anti-bribery
incidents were reported during
the period
Case Study: Anti-Bribery and Anti-Corruption TrainingCaseIn 2024, the Company conducted anti-bribery and anti-corruption training for all sta? and management personnel.The training covered various types of commercial bribery and corruption offenses, with detailed explanationsof relevant legal provisions. It also provided risk prevention recommendations, including strengthening internalcontrol systems, enhancing legal training for senior executives, and establishing e?ective whistleblowing channels.Key points on con?dentiality obligations and compliance management measures were also discussed. By analyzingreal-world cases as warnings, the training helped raise awareness of anti-corruption practices among employeesand management, laying a solid foundation for the company’s sustainable and sound development.
Anti-Bribery and Anti-Corruption Training
Genbyte has built a comprehensive anti-commercial bribery and anti-corruption system that includes prevention, monitoring, andpunishment. The system focuses on curbing corruption risks at the source through ethics training and transparent operationalguidelines to ensure that business activities are compliant and transparent. The Company has established an independentsupervisory body with full investigative powers to ensure the effectiveness of the system, creating an open and fair corporateenvironment. It emphasizes talent development and system building in the areas of anti-commercial bribery and anti-corruption,continuously improving the professionalism of employees and supply chain partners through diversi?ed training and practicalexperience. Specialized courses are offered to enhance understanding and application of anti-corruption policies, coveringeveryone from the board and management to frontline employees, fostering a comprehensive culture of integrity. Additionally,through case studies and experience exchange sessions, the Company encourages participants to flexibly apply complianceknowledge in complex business scenarios, improving their ability to address challenges.The Company works with its suppliers toestablish a shared growth mechanism, regularly evaluating the e?ectiveness of anti-corruption measures, continuously optimizingprocesses, and ensuring that all parties maintain a fair and transparent business order. It has created a multi-level supervisionnetwork focused on key business areas and high-risk sectors, assigning clear responsibilities and implementing differentiatedmanagement. By establishing an internal and external joint supervision mechanism, the company combines special audits withdaily monitoring to strengthen control over decision-making processes, contract signing, and fund utilization. Regular integrityrisk assessments are conducted to identify potential problem areas, develop targeted prevention measures, and adjust themdynamically. The Company also provides clear reporting channels and fosters an environment of collective participation, ensuringthat supervision and assessment work are thorough and e?ective, helping prevent commercial bribery and corruption.Genbyte actively promotes the signing of Integrity Agreements, requiring suppliers and contractors to sign anti-bribery clausesas part of mandatory contractual terms. The Company has also implemented a "background check screening" mechanism forcompliance reviews of high-risk partners and refuses to cooperate with third parties with a history of corruption. For internalmatters, new employees are required to sign the Business Ethics and Anti-Bribery Commitment upon onboarding and undergocompliance training. Key positions must also sign an Integrity Commitment. The Company regularly organizes complianceknowledge competitions, lectures, and other activities to foster a strong culture of compliance. In addition, the Company o?ersmultiple reporting methods, including phone, email, mail, and in-person reporting. It responds to and investigates reports 24/7in accordance with the Internal Reporting and Investigation System, Whistleblower Management Procedures, and WhistleblowerProtection Control Procedures, ensuring strict con?dentiality of whistleblower identities.During the reporting period, no incidents of unfair competition, commercial bribery, or corruption occurred.Genbyte Integrity Reporting Channels
Responsible DepartmentReporting HotlineReporting EmailO?ce of the General Manager
andit zb@genbytech.com
General ManagerGM O?ce
Leads the Company's business ethics and
compliance workCoordinates and implements businessethics and compliance workSubsidiaries andDepartments
ComplianceInvestigation Team
HR and AdministrationCenter
Audit DepartmentLegal DepartmentResponsible forimplementing businessethics and compliancerequirements withintheir respective jobscopes
Establishesinvestigation teammembers and leadsinvestigations
Reviews employees'business ethics andcompliance situations,coordinates with theCompliance Team, andhandles violations
Reviews businessethics and compliancemechanisms or systemsand the e?ectiveness ofinternal control systems
Responsible for theformulation of businessethics and compliancesystems, mechanisms,and training; providesrisk prevention andcontrol advice
Organizational Structure For Business Ethics Management
+86 18938071238
3334
Preserving Greenery
and Painting an Ecological Landscape
Addressing Climate ChangeCreating a Green EnvironmentEnhance Pollution ControlComprehensive Resource UtilizationGreen Operations EmpowermentProtection of Ecological Diversity
3536
ChronicRisk
Global warming hasled to an increase incooling demands foro?ces and production,resulting in higheroperational costs.
MediumandLong-term
MediumandLong-term
Short-term
High
Short,Medium,andLong-term
Increaseinproductioncosts
Increaseinoperationalcosts
Declineinrevenue
Operations
Operations
General
General
General
Continuously monitor thechanging trends of chronicrisks and consider the impactof climate-related chronic risks.Strengthen e?orts in carbonfootprint and carbon auditwork, and continuouslymonitor relevant policychanges.Actively invest in the researchand development of low-carbon technologies, andfurther strengthen theinvestment in low-carbonproducts such as photovoltaicsand energy storage.
Transformation
RiskPolicyRisk
Opportunity
TechnologyRisk
Stricter carbonemission controlpolicies have ledto an increase inproduction costs.Failure to keepup with timelytechnologicaliterations may leadto a decline in theproduct's marketcompetitiveness.Proper response toextreme weather canprevent productioninterruptions, facilitatequick recovery aftera disaster, ensuretimely ful?llment ofcontracts, and capturemarket orders.Proper utilization ofpolicies such as carbontrading can furthergenerate pro?ts.Low-carbon productsand industriessupported bydevelopment policiesalso bene?t fromcorrespondingsubsidies and taxincentives.
The Company follows the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) to thoroughlyanalyze the potential physical risks and transformation challenges that climate change may pose to various aspects of thebusiness, supply chain, market expansion, and regulatory compliance. At the same time, the Company also recognizes the newdevelopment opportunities brought about by the low-carbon economy transition. Based on a comprehensive assessment of risksand opportunities, the company has quanti?ed the potential ?nancial impacts of climate change on its ?nancial performance,operational processes, and brand reputation, considering both the magnitude and time horizon of these impacts. Correspondingpriorities have been determined.
Operations,Down-streams
Operations,Down-streams
1.Strengthen disaster
emergency drills to enablerapid recovery of productionafter a disaster.
2. Actively participate in the
carbon trading market andexplore the application ofcarbon ?nancial instruments.
3.Closely monitor government
policies to obtain timelysupport in terms of policy,technology, and resources.
Management of Climate Change Impacts, Risks, andOpportunities
Probability of occurrence: rated from 1 (low) to 5 (high)Level of impact: rated from 1 (low) to 5 (high)For all nancially material topics in this report, the time frame of impact is dened as follows:
- Short term: within 1 year- Medium term: 1 to 5 years- Long term: more than 5 years
IncreaseinNon-OperatingRevenues
Type Description
ImpactLevelLikelihood
ImpactTimeframe
A?ectedValueChain
Level
FinancialImpact
ResponseMeasuresAddressing Climate ChangeClimate Governance MeasuresGenbyte fully recognizes the urgency and importance of addressing climate change and remains firmly committed to itsenvironmental responsibilities while advancing sustainable development within the industry. The Company integrates climate-related risks and opportunities into its overall strategic framework, sets quanti?able carbon emission targets, and establishes anESG management body to regularly review climate goal progress. Climate-related disclosures are prepared in line with ISSB andGRI standards, ensuring transparency and traceability of strategies and objectives.To further strengthen the capabilities of ESG team members in carbon management and support the implementation of theCompany's green transformation and sustainability strategies, Genbyte conducts carbon management training with an annualtarget coverage rate of 95%. As of the end of the reporting period, some employees have obtained carbon emission managementcerti?cation.
During the reporting period
The Company conducted 15 carbon management
training sessions
Achieving An Annual Training Coverage Rate Of
Over 98%
Dual-Carbon Policy TrainingCase
In 2024, the Company conducted a training session on thedual-carbon goals and related knowledge. The trainingfocused on the implementation pathway of China'snational "dual-carbon" strategy, offering a systematicinterpretation of supporting local government policies,subsidy measures, and key tasks. Delivered through a"policy interpretation and business discussion" format,the session facilitated in-depth discussions on how toeffectively implement dual-carbon objectives, helpingemployees gain a clearer understanding of policyessentials and execution direction.
Climate Change Response Strategy
Type Description
ImpactLevelLikelihood
ImpactTimeframe
A?ectedValueChain
Level
FinancialImpact
ResponseMeasures
Extreme weatherconditions, includingtyphoons and torrentialrain, can result in assetdamage and interruptionsto production.PhysicalRisk
AcuteRisk
Short-term
General Operations
Increasein opera-tionalcosts
Strengthen emergency responsecapabilities, equip with relevantemergency supplies and facilities,monitor extreme weather conditions,and prepare in advance for potentialresponses.
Dual-Carbon Policy Training
Unless otherwise specied, all data in this section pertains to Genbyte's headquarters, except for environmental protection investment and training data, which includegures from both the headquarters and its sub-subsidiary in Vietnam.
3738
Greenhouse Gas Emission Accounting Standards Explanation:
1."Notice of the General Office of the National Development and Reform Commission on Issuing the First Batch of 10 Industry
Enterprise Greenhouse Gas Accounting Methods and Reporting Guidelines (Trial)" (NDRC O?ce Climate [2013] No. 2526)
2."Notice of the General O?ce of the National Development and Reform Commission on Issuing the Second Batch of 4 Industry
Enterprise Greenhouse Gas Accounting Methods and Reporting Guidelines (Trial)" (NDRC O?ce Climate [2014] No. 2920)
3."Notice of the General O?ce of the National Development and Reform Commission on Issuing the Third Batch of 10 Industry
Enterprise Greenhouse Gas Accounting Methods and Reporting Guidelines (Trial)" (NDRC O?ce Climate [2015] No. 1722)
4."Greenhouse Gas Emission Accounting Methods and Reporting Guidelines for Other Industrial Enterprises (Trial)"
5."Greenhouse Gas Emission Accounting Methods and Reporting Guidelines for Electronic Equipment Manufacturing Enterprises"
6. Other relevant national, provincial, and industry standards and regulations
The Company has established the Energy Consumption and Greenhouse Gas Emissions Control Procedure, along with short-term and mid-to-long-term implementation plans for greenhouse gas reduction. By promoting green o?ce practices and otherinitiatives, the Company aims to use energy and resources more efficiently, continuously reduce consumption, and minimizegreenhouse gas emissions to the greatest extent possible.
Replace outdated equipment with new energy-e?cient models to reduce energy consumptionUtilize variable frequency energy-saving devices and environmentally friendly lighting, andensure e?ective reactive power compensationEstablish an internal monitoring system to check air conditioning usage and ensure all devicesare turned o? when o?ces are vacated
Establish energy-saving target responsibility mechanisms, integrating performance into sta?evaluations
Promote and implement clean production practices on an ongoing basis
Promote energy-saving awareness among employees, encouraging practices such as turningo? lights and equipment when not in use
Continue replacing old equipment with lower energy-consuming alternatives
Greenhouse Gas Emissions Management
Short-TermGreenhouseGasReduction
Plan
Mid-to-Long-TermGreenhouseGasReductionPlan
Based on the assessment results, the Company has developed a series of targeted risk mitigation measures and transformationaction plans, actively adjusting its current and future strategic layout to effectively reduce risks and seize transformationopportunities. The Company is expanding its renewable energy business, developing low-carbon products, and integrating supplychain carbon management into cooperation terms, requiring core suppliers to gradually complete carbon footprint accounting.Furthermore, the Company prioritizes funding for low-carbon technology research and development and energy efficiencyimprovement projects, increasing the proportion of the budget allocated for clean energy equipment upgrades. Through assetdivestiture, the company is gradually exiting high-carbon assets and optimizing its investment portfolio.The Company has already implemented a waste heat recovery system in its new Zhenwei Industrial Park to improve energyefficiency. Additionally, several high-energy-consuming devices have been replaced with more energy-efficient alternatives—for example, upgrading from Level 3 to Level 1 energy-e?cient air conditioners. Looking ahead to 2025, the Company plans tofurther promote carbon label certi?cation for product life cycles and establish a digital carbon management platform. It also aimsto strengthen emergency training and drills for extreme weather events and will equip the plant with facilities and emergencysupplies for ?ood, typhoon, and earthquake preparedness—enhancing its resilience to extreme climate conditions.
Genbyte has prepared the "2023 Greenhouse Gas Emissions Report," which has been veri?ed by a third-party accredited agency.The Company's greenhouse gas emissions mainly result from the consumption of lique?ed petroleum gas, gasoline, diesel, andelectricity.The Company integrates low-carbon transformation goals into its business strategy, setting a quantified target for reducingunit product carbon emission intensity (tCO2e/10,000 PCS) by 2% by 2025 compared to 2023 levels, with the goal of achievingoperational carbon neutrality by 2030. The Company has developed a carbon neutrality roadmap and will implement it in phases.This will be achieved through technological innovation and carbon o?set initiatives, gradually working towards operational carbonneutrality.
Climate Change Indicators and Targets
IndicatorUnit2023 (Base Year)2024 Target2025 Target
Unit Product CarbonEmission Intensity
tCO2e/10,000 PCS
tCO2e/10,000 PCS
Indicator
Unit
Total Greenhouse Gas Emissions
DirectGreenhouseGas Emissions(Scope 1)Indirect GreenhouseGas Emissions(Scope 2)Other IndirectGreenhouse GasEmissions (Scope 3)
The emissions corresponding tothe net purchased electricity
Indirect greenhouse gasemissions from transportationEmissions from the treatment ofsolid and liquid waste
Fossil fuel combustion emissionstCO2e
tCO2e
tCO2etCO2e
tCO2e
74.43
226.75
72.92
6,629.21
4,411.561,662.05
181.5
2.72
tCO2e
tCO2e
Mobile combustion direct
emissionsDirect fugitive emissions fromhuman systems
Unit product greenhouse gas emission intensity
(2% decreasecompared to 2023)
3940
EHS Organizational Structure Chart
EHS Knowledge TrainingCase Study
In 2024, the Company organized a comprehensive EHS training program for all employees. The training covered keyareas including: proper waste disposal procedures, risk control for chemicals and ?ammable materials, full-cycle ?reemergency response (equipment use and evacuation drills), occupational health protection systems (first aid andprevention of bodily ?uid transmission), and standardized use of personal protective equipment (PPE). The programcombined theoretical instruction with practical exercises to enhance employees' risk management capabilities andemergency response skills.
EHS Knowledge Training
Primary Person in
Charge of EHS
EHS organization chart
Manager of theAdministration Department
ProcurementDepartment
ProductionDepartment
WarehouseDepartment
EngineeringDepartmentPilotProductionDepartment
Creating a Green EnvironmentOverview of Environmental Management
Environmental Management and Governance
Genbyte places strong emphasis on environmental protectionand strictly complies with the Environmental ProtectionLaw of the People's Republic of China and other relevantenvironmental regulations. The Company has established acomprehensive environmental management system, includingdocuments such as the Environmental and Safety ManagementManual, Environmental Operation Control Procedure,Environmental Monitoring Report, and Environmentaland Occupational Health & Safety Performance EvaluationProcedure.For all new, renovated, or expanded projects, the Companystrictly follows the "Three Simultaneities" policy—ensuring environmental protection facilities are designed,constructed, and put into operation simultaneously withthe main project. Environmental impact assessments(EIAs) and project acceptance are carried out in accordancewith regulatory requirements. The Company has obtainednecessary environmental permits and approvals fromShenzhen authorities, including EIA approvals, environmentalacceptance confirmations, and pollutant discharge permits.The Company's inverter and high-e?ciency intelligent energystorage system project has completed EIA registration, self-assessment, and has received expert opinions.
The Company has established an EHS (Environment, Health, and Safety) Management Committee, with the General Managerserving as the Chief Commander and the Administration Manager as the Deputy EHS Coordinator. The committee comprisesrepresentatives from various shifts, job types, and hierarchical levels.EHS Committee members are responsible for coordinating with qualified testing agencies to conduct annual inspections ofdrinking water, workshop air quality, and noise levels. Test reports are documented, and any non-compliance triggers immediatecorrective actions.In accordance with the Environmental Aspect Identification and Evaluation Control Procedure and the Hazard Identificationand Risk Assessment Control Procedure, EHS members identify environmental aspects and hazards related to the Company'soperations, products, or services that can be controlled or in?uenced. They assess these to determine which have—or may have—a signi?cant environmental impact or pose unacceptable risks. These ?ndings are factored into the setting of environmental andoccupational health and safety objectives.Additionally, the Company conducts regular EHS training to enhance awareness and capabilities in environmental safety. Duringthe reporting period, the company successfully passed the ISO 14001 Environmental Management System certi?cation.
During the reporting period, the Company did not experience any environmental pollution incidents, received no penaltiesfrom environmental authorities, and identi?ed no major de?ciencies in its environmental monitoring plans or risk managementmeasures.
Genbyte has also developed procedures such as the Environmental Monitoring and Measurement Control Procedure and a Self-Monitoring Plan. Under this plan, third-party agencies with CMA certification are commissioned annually to monitor industrialwaste gas and boundary noise levels to ensure emissions remain within regulatory limits.
Environmental PolicyEnhance environmental awareness and complywith environmental regulationsConserve energy, reduce emissions andconsumption, and produce green products
4142
Emergency Plans and DrillsThe Company conducts environmental safety risk assessments and has developed an Emergency Response Plan for EnvironmentalIncidents, which has been ?led with the relevant authorities. In parallel, an emergency response mechanism has been established,with roles and responsibilities outlined in the Emergency Preparedness and Response Control Procedure. Relevant sta? membersreceive regular training, and the Company conducts emergency drills to enhance employees' ability to handle environmentalemergencies and respond to unexpected environmental incidents.
In 2024, to test the emergency coordination and rescue capabilities of the entire park and surrounding businesses,and to ensure the safety of property and employees while minimizing potential losses, the Company organized anemergency ?re drill. The exercise enhanced the production line employees' four key ?re?ghting abilities, raisedawareness of environmental protection, and improved their capability to handle environmental pollution. It alsovalidated the feasibility of the emergency response plan for lithium battery ?res
Joint Park Fire DrillCase Study
Fire Drill
Hazard Identi?cation and Recti?cationGenbyte has established the Environmental and Safety Health Monitoring Control Procedure and other systems for hazardidenti?cation and mitigation. The Company conducts monthly checks on the implementation of energy and resource conservation,the clearance of fire exits, and the proper use of personal protective equipment. During the reporting period, the Companyachieved a hazard recti?cation rate of over 95%.
Before Recti?cation Before Recti?cation After Recti?cation After Recti?cation
Add supplementary safety warning labelsAdd Chinese emergency stop labels
Environmental Management Strategy
Environmental Management Impact, Risk, and OpportunityManagementStrategyGenbyte has developed the Environmental Analysis and Risk & Opportunity Response Control Procedure, which identi?es potentialenvironmental risks and opportunities based on internal and external factors and stakeholder needs. The Company addressesthese risks and opportunities through strategic planning and actions to avoid or mitigate environmental risks, ensuring the e?ectiveoperation of the environmental management system and continuous improvement.
Risk
Opportunity
A soundenvironmentalmanagem
EnvironmentalComplianceRisk
TechnologyRisk
Growing globalemphasis onenvironmentalprotection demandscontinued R&Dand use of eco-friendly materials/technologies, whichcould increasecosts and a?ectcompetitiveness
Non-compliancewith hazardoussubstance control forraw materials or end-of-pipe pollutioncontrol may leadto lost orders orregulatory penalties
Strengthen incomingmaterial control by samplingeach batch and archivingRoHS reports; improveenvironmental facilitymanagement and conductregular testing via certi?edthird parties
Phase out high-pollutionmaterials; adoptbiodegradable andrecyclable alternatives;assess carbon footprintacross material lifecycle andset reduction targets
Improve and maintaincompliance with a robustenvironmental managementsystem; proactivelyshowcase environmentale?orts through ESG reportingto gain public and investortrust
Short-term
Medium/Long-term
Operations,Downstream
Moderate
Increasein productioncost
Short-term
Operations
Operations
Decreaseinrevenue
Decreaseinrevenue
Moderate
Moderate
Type Description
ImpactLevelLikelihood
ImpactTimeframe
A?ectedValueChain
Level
Finan-cialImpact
ResponseMeasures
4344
Exhaust Gas Management
Noise Management
Waste Management
The Company's air emissions primarily come from soldering furnaces, welding equipment, kitchen exhaust, and vehicle emissions.In strict adherence to the Law of the People's Republic of China on the Prevention and Control of Atmospheric Pollution andother relevant regulations, the Company has formulated the Operation, Maintenance, and Servicing Guidelines for Exhaust GasTreatment Facilities, ensuring routine maintenance of the equipment. Workstations associated with exhaust gas emissions acrossproduction lines are equipped with negative pressure exhaust systems or are enclosed within sealed equipment, achieving acollection e?ciency of over 85%. The end-of-pipe treatment utilizes activated carbon adsorption, with the carbon being replacedevery three months.
The Company's noise emissions mainly originate from air compressors, vehicles, elevators, and production equipment. In strictcompliance with the Law of the People's Republic of China on the Prevention and Control of Environmental Noise Pollution,the Company has adopted noise reduction measures such as vibration dampers, soundproof enclosures, and acoustic barriersto minimize noise generation and transmission. Employees are also provided with protective equipment such as earplugs andearmu?s. During the reporting period, the noise levels at the factory boundary ranged from 58.5 to 62.1 dB, meeting the standardlimit of 65 dB(A) set by Emission Standard for Industrial Enterprises Noise at Boundary (GB 12348-2008).
The Company strictly handles waste disposal in accordance with the Law of the People's Republic of China on the Preventionand Control of Environmental Pollution by Solid Waste and other relevant regulations. It has established procedures such as theSolid Waste Management Procedure, Waste Control Procedure, and Hazardous Chemicals Control Procedure to ensure traceablemanagement of all aspects of waste generation, utilization, collection, transportation, storage, and disposal, under the supervisionof environmental authorities to ensure proper treatment of industrial solid waste.All waste is categorized into three types: recyclable waste, non-recyclable waste, and hazardous waste. Recyclable waste such asused paper, plastics, and metals is collected by the HR department, which liaises regularly with recycling companies and conductsoccasional checks to ensure hazardous waste is not mishandled. Non-recyclable waste, such as household garbage, is collectedby departments, placed in designated bins, and transported to the waste pool by cleaning sta?. Hazardous waste, such as expiredchemicals or materials contaminated with hazardous substances, is stored in specialized leak- and vapor-proof containers withclear labeling. Hazardous waste storage areas comply with the Standard for Pollution Control on Hazardous Waste Storage (GB18597-2023), and disposal is handled by licensed third-party agencies with valid hazardous waste operation and transport permits.Storage areas are equipped with appropriate ?re extinguishers and cleaning equipment.For product-related hazardous substances, the Company complies with all applicable regulations restricting or prohibitingcertain materials, including those governing labeling for recycling and disposal. It has implemented the Control Procedure forEnvironmentally Hazardous Substances in Products and the Environmental Hazardous Substance Management Standard. TheQuality Department oversees the monitoring and testing of restricted substances to ensure compliance with relevant laws andcustomer requirements.
Total Exhaust Gas EmissionsExhaust Gas Emission IntensityVolatile Organic Compounds (VOC)
Tin and Its Compounds
10,000 m?10,000 m? / Million RMB Revenue
Tons
Kilograms
Unit2024Indicators
Environmental Management Indicators and Goals
Environmental Management Indicators and Goals
The company has established environmental and safety goals for 2024 in accordance with the "Target Indicators and ManagementProgram Procedure." By the end of the reporting period, all environmental goals have been achieved.
During the Reporting Period
The Company invested a total of RMB 643,200 in
environmental protection
With a total attendance of 3,278
participants
A cumulative training duration of
1,639 hours
Averaging 0.99 hours per person
It conducted 144 environmental training sessionsRMB
Enhance Pollution Control
The wastewater generated by Genbyte primarily comes from domestic sources such as the cafeteria, restrooms in the factory area,and employee dormitories. The Company strictly complies with the Law of the People's Republic of China on Prevention andControl of Water Pollution and has established procedures such as the Wastewater, Exhaust Gas, and Noise Control Procedure andthe Rainwater Pollution Discharge Control Procedure. Rainwater and sewage are discharged through separate pipelines, with adetailed sewage discharge network diagram in place. To ensure compliant discharge, the Company has implemented necessaryengineering control measures. The Human Resources and Administration Department regularly inspects the sewage dischargesystem to detect any abnormalities. In addition, external environmental monitoring agencies conduct periodic assessments toensure regulatory compliance.
IndicatorsGoalsAchievement in 2024Emissions of Exhaust Gas
Solid Waste (includinghazardous waste) Disposal
Noise EmissionsEnvironmental and SafetyTraining Completion Rate
100% Compliance
100% Recycled100% Compliance
100%
AchievedAchievedAchievedAchieved
4546
Comprehensive Resource Utilization
To enhance energy and resource management, reduce consumption, eliminate waste, and improve economic e?ciency, Genbytehas implemented the Energy Conservation and Consumption Reduction Management Procedure and the Energy and ResourceControl Procedure. A dedicated task force was formed involving all relevant departments to manage and monitor the use of water,electricity, various oils, o?ce paper, stationery, and other production support resources.Based on actual consumption data from the previous year, the HR & Administration Department prepares the company's annualenvironmental management plan for resource and energy conservation. This plan includes energy-saving goals, performanceindicators, detailed implementation actions, department responsibilities, and investment budgets. Each department is required toformulate its own energy-saving plan accordingly.Departments submit monthly energy consumption reports to the HR & Administration Department. These are then compared withthe targets outlined in the energy-saving plan. If any department exceeds planned consumption or fails to meet its savings targets,the cause is investigated in coordination with relevant departments, corrective measures are developed, and the implementationof these measures is closely monitored and evaluated.
The Company's primary energy consumption comes from purchased electricity. A comprehensive energy management system hasbeen put in place, with 2024 energy-saving targets de?ned and overseen by the energy conservation task force. The system assignsclear responsibilities to each department, supports continuous improvement through regular energy audits, and identi?es furtherenergy-saving opportunities.Additionally, a position-based responsibility system is enforced. Each electrical distribution room must be managed by trainedpersonnel, who are responsible for maintaining detailed operation records and ensuring both the quality and safety of electricitysupply.
Energy Utilization
MetricUnit202220232024Direct EnergyConsumptionLique?ed Petroleum
Gas (LPG)GasolineDiesel
Total EnergyConsumption
Indirect Energy
ConsumptionPurchased ElectricityEnergy ConsumptionIntensity
Energy Conservation and Emission Reduction MeasuresGenbyte places strong emphasis on energy conservation and consumption reduction. The Company prioritizes the use of low-power and energy-e?cient equipment. During equipment upgrades, outdated high-energy-consuming electromechanical devicesare phased out and replaced with new technologies that prioritize energy e?ciency.In addition, the Company enforces rigorous maintenance procedures to ensure all equipment operates properly and avoidsunnecessary energy waste due to malfunction. Operational standards have been established for key energy-consuming equipmentto regulate usage.
tons of standard coal / million
revenue
tons of standard coal
tons10,000 liters10,000 literstons of standard coal10,000 kWhtons of standard coalThe calculation method for total energy consumption mainly refers to the "China Energy Statistical Yearbook - Appendix 4 - Reference Coefcients for ConvertingVarious Energies to Standard Coal" and the "General Principles for Comprehensive Energy Consumption Calculation GBT2589-2020."
Non-HazardousWasteEmissions
HazardousWasteEmissions
Total Non-Hazardous Waste GeneratedNon-Hazardous Waste Generation IntensityNon-Hazardous Waste Disposal Rate
Total Hazardous Waste GeneratedHazardous Waste Generation IntensityHazardous Waste Disposal Rate
Waste Plastics
Waste Paper
Target ImprovementAchievement
Hazardous Waste Generated perUnit Product (T/10,000 pcs)
0.01808
Baseline Year/
0.017899
↓1%
0.013074
Waste Organic Solvents (HW06)Spent Activated Carbon (HW49)Empty Containers (HW49)Waste Cleaning Agents (HW06)Used Mineral Oil (Engine Oil) (HW08)
TonsTonsTonsTons / Million RMB Revenue
%TonsTonsTonsTonsTonsTonsTons / Million RMB Revenue
%
12.70
16.10
28.80
0.0217
8.01
14.68
3.09
13.94
0.04
39.76
0.0299
IndicatorsUnit
2024
Hazardous Waste Reduction Target
Waste Reduction Implementation Plan
The Company set a target to reduce the amount of hazardous waste generated per unit of product in 2024 by 1% compared to 2023.A corresponding waste reduction implementation plan was developed to support this goal. By the end of the reporting period, theCompany successfully achieved the 2024 reduction target.
Established a target accountability system by breaking down the reduction goal to each waste-generating unit and incorporating it into the performance evaluations of responsible supervisors.Optimized raw material selection and usage to improve material utilization rates.Adopted advanced production processes and equipment to reduce hazardous waste generationat the source.Strengthened maintenance and operation of hazardous waste reduction facilities and equipment.Continuously promoted cleaner production and the adoption of smart manufacturingtechnologies to reduce resource waste and pollution emissions.
Management Item20232024
4748
Water Resource UtilizationThe Company sources its water primarily from municipal supplies. Based on production and daily operational needs, theAdministration Department has installed water meters in both production and living areas. Annual water usage targets are setaccording to the previous year's consumption and allocated to each department. Water metering is being gradually implementedto reduce waste.Each responsible unit assigns personnel to inspect and log daily water usage, and any detected leaks are immediately reported toelectricians for repair. The Administration Department is responsible for inspecting and maintaining pipelines to prevent water lossthrough leaks and drips. The Human Resources Department posts signs and reminders in key water-use areas to raise employees'awareness of water conservation. As of the end of the reporting period, the Company had achieved its 2024 water usage target.
IndicatorUnit202220232024
Annual Total Water Usagem3m? per million revenue
64,122
62.10
102,441.16
86.16
123,438.46
92.96
Water Consumption Intensity
Water Conservation TargetThe Company set a target to reduce water consumption per unit of product by 2% in 2024 compared to 2023, and developed acorresponding water-saving implementation plan. As of the end of the reporting period, the 2024 water conservation target hasbeen achieved.Overall Water Use Target
Target Improvement RateAchievement StatusWater Consumption per Unit
Product (m?/10,000 PCS)
42.04
Baseline Year/
41.23
↓2%
40.59
Management Item20232023
Establish a responsibility system by breaking down water-saving targets for each water-using unit and incorporating them into the performance evaluations of responsiblemanagers.Optimize scheduling to increase equipment utilization and production efficiency,thereby reducing water consumption.Strengthen staff training and awareness programs to promote water and energyconservation among all employees.Enhance water reuse rates and reduce the consumption of fresh water.
Water Conservation Implementation Plan
Production schedules are optimized to minimize the frequency of equipment startups and reduce idle operation time. Routinemaintenance and inspections are strengthened to prevent abnormal equipment usage.Moreover, the Company conducts ongoing energy-saving and environmental protection training to enhance employees' awarenessand practical skills in sustainability.Energy Conservation and Consumption Reduction Control Procedure
Training on Equipment Safety and Energy Consumption AwarenessCase Study
Training on Equipment Safety and Energy Consumption Awareness
In 2024, the Company organized training sessions for machinery operators from relevant departments, focusing onequipment safety and energy consumption awareness. This training enhanced employees' understanding of howmachines consume energy and empowered them to implement energy-saving practices more e?ectively in theirdaily operations.
Establish a target accountability system by breaking down energy-saving goals to eachenergy-using unit and including them in the performance evaluation of the responsiblesupervisors.Optimize production scheduling to improve equipment utilization and productione?ciency, thereby reducing energy consumption.Enhance employee awareness through promotional activities and training, encouragingwater and energy conservation.Gradually phase out outdated equipment and replace it with new energy-efficient andenvironmentally friendly models.Strengthen inspections of insulation and heat preservation measures for supportingfacilities, and assess the rationality of operational parameters to ensure energy-efficientoperations.Continue promoting clean production practices.
Energy-Saving Implementation Plan
Resourceand EnergyConsumptionManagement Plan
Operation andMonitoring
ConsumptionAnalysisConsumptionData Collection
Energy-savingImprovementMeasures
Follow-up onEnergy-savingInitiatives
4950
Material and Packaging Management MeasuresGenbyte optimizes material storage through an intelligent warehousing system, implementing precise management by zoning andclassi?cation. The system is equipped with environmental sensors for real-time monitoring of temperature and humidity to ensurestorage safety and material quality stability.The Company promotes the QC 080000 Hazardous Substance Process Management System, and through policies such as the HSFManagement Control Procedure, Product Design and Development Control Procedure, and Inspection Control Procedure, it clearlydefines standards for sample material management, material substitution, packaging design, inspection, and usage, therebystandardizing material management throughout the design and production process.A full-chain material management mechanism has been established, enabling closed-loop dynamic monitoring from raw materialprocurement and smart manufacturing to product packaging and waste recycling. Emphasis is placed on aligning resource inputwith actual demand, optimizing surplus material integration and redistribution, and continually improving resource utilizatione?ciency while ensuring product quality.
Raw MaterialUsage
In material selection, the Company requires all suppliers to comply with the latest environmentalregulations and to sign a Declaration of Prohibited Substance Non-Use, which includes but is notlimited to RoHS Directive compliance. Suppliers are also expected to integrate environmentalrequirements into their product development and production approval processes to ensure allmaterials provided through the supply chain meet the company's standards.The Company has established a BOM (Bill of Materials) Management Speci?cation, encouraging theuse of innovative, eco-friendly materials to reduce basic raw material consumption and dependenceon traditional resources. Additionally, a digital SAP system is implemented to manage materialse?ciently. This enables accurate demand forecasting and resource matching, minimizing waste. Allmaterials entered into the system must be environmentally compliant, including being lead-free andhalogen-free.
For reusable packaging, the Company has introduced a Recycled Packaging Materials ManagementPolicy, regulating the issuance, recovery, sorting, and accounting of recyclable packaging. E?orts arecontinuously made to reduce the weight and quantity of packaging materials. Cross-departmentalcollaboration is promoted to build a packaging evaluation system and enhance supply chainmanagement, increasing the proportion of recyclable materials.The Company has implemented policies such as the Warehouse Material Management Policy andInventory Management Policy. Using an intelligent warehousing system (WMS and PDA), it achievesprecise, zoned storage management, with environmental sensors monitoring temperature andhumidity in real time to ensure material safety and stable quality.The Company follows its Transportation Management Policy and Container Management Policy,adopting multimodal transport solutions to reduce carbon emissions. It also collaborates withthird-party logistics providers to develop green packaging options and promote the use of reusablecontainers, enhancing sustainability across the supply chain.
The Company optimizes packaging design by replacing traditional materials with sustainablealternatives and applying lean production principles to control packaging consumption. Thise?ectively reduces resource use and waste generation.
Raw MaterialUsage
PackagingDesign
SupplierEnvironmentalRequirements
RecycledPackaging
Materials
WarehousingStage
TransportationStage
Material ManagementGenbyte strictly complies with national regulations such as the Circular Economy Promotion Law of the People's Republic of Chinaand the Law on the Promotion of Comprehensive Utilization of Resources and Circular Economy. The Company actively promotessource reduction and e?cient use strategies through process optimization and full lifecycle management, aiming to improve theutilization e?ciency of key materials such as metals, plastics, electronic components, and paper.In metal usage, the Company focuses on increasing the proportion of recycled content and minimizing loss through precisionmanufacturing. For plastics, it promotes the use of bio-based materials and recycled plastics, while also improving productdurability. In electronics, modular designs are adopted to extend product lifespans. Paper materials are sourced from FSC-certi?edsuppliers, and intelligent warehousing systems are used to reduce inventory waste.Following the Solid Waste Pollution Prevention and Control Law, the Company strengthens waste classification and reuse,gradually building a closed-loop material management system that ensures both quality and resource e?ciency.
Material Governance SystemWith material utilization e?ciency as a core objective, the Company has developed a systematic management framework coveringthe entire material lifecycle-from procurement to product delivery. This framework emphasizes precise resource matching, surplusmaterial consolidation, and optimized allocation to achieve closed-loop usage.A cross-functional material management governance structure has been established, including dedicated teams for planning,oversight, and execution, with clear responsibilities at each stage.To enhance employees' expertise in material utilization, the Company regularly organizes training sessions and internalbenchmarking activities. Material input-output e?ciency indicators are integrated into performance evaluations, directly linkingmaterial usage to employee performance. Additionally, special incentives are o?ered for innovative recycling initiatives, fostering acompetitive and resource-conscious work culture.For example, some employees have developed advanced recycling techniques that reduce raw material consumption withoutcompromising product quality. By aligning production needs with resource inputs, they optimize surplus material reallocation toensure maximum resource use. These teams also apply AI and big data technologies to make informed decisions across production,storage, and logistics. This professional approach not only advances corporate sustainability goals but also sets a strong examplefor the industry.
Material and Packaging Management Training
5152
To improve packaging e?ciency, meet environmentalrequirements, and reduce manufacturing costs, thecompany has switched from using cardboard boxes,die-cut cards, and bubble bags to turnover boxes andblister packaging, implementing these changes acrossthe board. This has effectively enhanced packagingefficiency and reduced material costs. At the sametime, the recyclability of blister packaging materialshas been increased, reducing waste generation andminimizing environmental impact, achieving a win-win situation for both economic and environmentalbene?ts.
Before Improvement:
Cardboard boxes + die-cutcards + bubble bags
After Improvement:
Turnover boxes + blister trays
Blister Trays ESD Boxes Transfer Boxes / Totes Cardboard BoxesRecyclable Packaging Material Images
Green Operations EmpowermentGreen Product R&D
Genbyte actively responds to the national "dual carbon" policy by incorporating ecological design concepts into the productdesign phase. The Company prioritizes the use of environmentally friendly materials and energy-saving technologies, empoweringproducts through technology development to create e?cient and energy-saving intelligent products that help customers reduceenergy consumption and carbon emissions.
Inverter and Energy Storage SystemsThe Company focuses on the R&D and production of battery modules, BMS energy storage systems, inverter systems,and solar energy storage charging systems, providing customers with "one-stop" customized and personalized energystorage products, either as complete systems or components. These products efficiently convert and store energy,and are widely applied in various scenarios such as homes, industrial and commercial parks, microgrids, data centers,and communication base stations. The application of inverters and energy storage systems helps to improve energye?ciency, reduce dependence on traditional fossil fuels, and decrease carbon emissions. Through optimized energymanagement, these products provide users with cleaner and more reliable energy solutions.
Case
To further enhance resource utilization e?ciency, Genbyte released the Material E?ciency Improvement and Circular EconomyDevelopment Plan. This plan outlines speci?c targets for improving material use and promoting a circular economy, incorporatingthese goals into the performance evaluation system and linking achievement rates with executive compensation. The Company iscommitted to continuously optimizing its circular economy model, thereby strengthening its in?uence and leadership in the ?eld.During the reporting period, the Company achieved a 15% improvement in inventory turnover by leveraging inventorymanagement software. In production, employee training and equipment maintenance helped reduce material loss by 10%.Internally, dedicated material recycling zones were established, resulting in a recyclable material recovery rate of 35%.
? Reduce the material loss rate to 13%, with a focus on upgrading or replacing outdated equipment;? Increase inventory turnover to 18% by enhancing market demand forecasting and improving the inventory alert system;? Raise the recyclable material recovery rate to 45% through the adoption of more advanced recycling equipment andexpanded employee training on material reuse and recycling.
Circular Economy
For the next ?scal year, the Company plans to:
tonstons per million revenue
tons
tons
tons
tons%
Total Packaging Material
UsagePackaging MaterialConsumption IntensityPaper-Based PackagingMaterialsPaper-Based PackagingMaterialsOther Packaging MaterialsReused PackagingMaterialsPackaging Material
Recycling Rate
1,072.95
0.81
801.24
195.92
75.79
93.84
98.38
5354
Green O?ce
The Company vigorously promotes green o?ce practices, focusing on energy conservation, paper reduction, and other measuresto comprehensively reduce resource consumption. At the same time, the Company conducts energy-saving publicity and educationthrough slogans, status boards, and training to raise employee awareness of resource conservation, making a positive contributionto environmental protection.
Genbyte adheres to the United Nations Convention on Biological Diversity and has established a "Biodiversity ManagementProcedure," treating the protection of biodiversity as one of its core responsibilities. Before commencing any projects, the Companyconducts environmental impact assessments and selects project sites that avoid water source protection zones and ecological red-line areas. The Company regularly monitors and controls wastewater, waste gas, waste, and noise emissions to ensure compliancewith pollution discharge standards. Additionally, by using environmentally friendly materials, optimizing energy efficiencydesigns, reducing the use of harmful substances, and promoting a circular economy, the Company strives to minimize the negativeenvironmental impact of its products.
ElectricityConservation
PaperConservationO?ce SuppliesConservationFuelConservationGreenCommuting
For o?ce electricity use, employees are required to turn o? air conditioning, lighting, computers,printers, water dispensers, and other o?ce equipment after working hours.The person in charge of electricity use in o?ce buildings, meeting rooms, and other areas shouldregularly check that devices are turned o? when not in use, and the administrative departmentwill conduct periodic inspections of electricity consumption.Air conditioning should be installed in shaded areas, and sunshades should be added whenpossible. In summer, the air conditioning temperature should not be set lower than 26°C.Prioritize the use of energy-e?cient lighting and make full use of natural light.Promote the use of paperless o?ce systems like OA to reduce paper consumption.Department heads should educate employees to strictly control paper usage for o?ce deviceslike copiers and fax machines, and non-essential documents can be printed double-sided.Departments should collect paper from the human resources and administrative departmentmonthly and keep records.The human resources and administrative department will fully record the o?ce supplies used byeach department, and old supplies should be replaced with new ones when necessary.Employees are encouraged to reuse o?ce supplies to reduce waste.
Adopt reasonable transportation methods and advocate for green commuting to reduce theenvironmental impact of vehicle fuel consumption.
When purchasing vehicles or using company vehicles, energy-efficient and environmentallyfriendly models should be considered to reduce fuel consumption.In the event of a power outage, using backup generators is prohibited unless absolutelynecessary.
Protection of Ecological Diversity
The Company will continue to increase its investment in the research and development of greenproducts and technologies, drive technological innovation, and product upgrades. The plan is to launchmore green products and solutions with independent intellectual property rights in the coming years.In addition to its existing businesses in inverters, energy storage systems, and smart home appliancecontrollers, the company will actively expand into emerging ?elds such as green buildings and smartcities, providing customers with more comprehensive green solutions.The Company will strengthen cooperation with suppliers to jointly promote the construction of a greensupply chain system. The Company will prioritize the selection of raw materials and components thatmeet environmental protection standards, ensuring that the entire product lifecycle adheres to greenand low-carbon requirements.Through digital transformation and smart upgrades, the Company will further improve productione?ciency and energy utilization, reducing resource waste and environmental pollution. The Companyplans to utilize advanced technologies such as big data and AI to optimize production processes andmanagement models, achieving green production.
Smart Home Appliance Controllers
New Energy Vehicle Controllers
The Company's smart home appliance controllers are widely used in products such as variable frequencyrefrigerators and air conditioners. By precisely controlling the operation of appliances, these controllers achieveenergy savings and emission reductions. For instance, in variable frequency refrigerators, Genbyte's controllersautomatically adjust the compressor's speed according to the temperature changes inside the fridge, preventingunnecessary energy waste. Compared to traditional refrigerators, the Company's variable frequency models saveapproximately 30% of electricity while reducing carbon emissions.
The Company holds core advantages in the fields of vehicle refrigerators, air conditioners, and inverters. Thesecontrollers precisely regulate the electrical systems of new energy vehicles, improving the vehicle's energyefficiency. As a low-carbon and environmentally friendly mode of transportation, new energy vehicles furtherenhance their energy e?ciency through the optimization of these controllers. The Company's new energy vehiclecontrollers help reduce energy consumption and exhaust emissions during driving, promoting green and low-carbon travel.
Green Strategic Development Plan
The Company adheres to the management philosophy of "Green Technology, Smart Living" and considers green development as akey strategic direction. The Company has developed the following green strategic development plan:
IncreaseInvestment inR&DExpand GreenBusiness AreasEstablish aGreen SupplyChain SystemPromote DigitalTransformationand SmartUpgrades
Case
Case
5556
Empowering InnovationThrough Intelligence
Technological Innovation LeadershipDigital Intelligence DevelopmentEnhancing Product QualityCustomer Rights ManagementData and Privacy ProtectionBuilding a Responsible Supply Chain
5758
Innovation Incentives and TrainingThe Company places great importance on enhancing its technological innovation capabilities and encourages participation ininnovation across all levels. Through a well-structured incentive program, Genbyte aims to stimulate employees' enthusiasmfor innovation. At the same time, the Company focuses on cultivating employees' innovative abilities and awareness by activelyorganizing various technology innovation training programs. This creates a positive environment for innovation, fosteringemployees' creative thinking and enhancing their technical skills.
In 2024, Genbyte organized training sessions for its R&Ddepartment on various topics, including the complete productdesign development control procedures, battery pack moduledesign standards for energy storage, project managementconcepts and implementation, product testing issue recordingrequirements, and engineering change control procedures. Thetraining lasted a total of 6 hours and had 75 participants.This training, through in-depth explanations and promotionof company policies, further ensured the standardization andnormalization of the research and innovation process. It helpedguarantee that the company's research efforts align with thecorrect direction, e?ectively promoting technological innovationand product upgrades.
R&D Department Technology Innovation Training
Technology Innovation Training
Technology Innovation Training
case
Key Laboratories
Eight Key LaboratoriesSafety LaboratoryFunctional Laboratory
Optical Analysis
LaboratoryReliability Laboratory
Device Approval
Laboratory
Instrument CalibrationLaboratoryEnvironmental
Laboratory
ElectromagneticCompatibility Laboratory
MedicalElectronics
PowerTools
OutdoorElectricalAppliances
AutomotiveElectronics
Photovoltaic
EnergyStorage
Inverterand GridConnection
HomeAppliances
Products
Refrigeration System Control Technology PlatformHigh-Voltage Power Supply Technology PlatformGeneral-purpose Visual Inspection PlatformEnergy Storage Technology Platform
Variable Frequency Control Technology PlatformIntelligent IoT Technology PlatformAdvanced Battery Management System(ABMS) Technology PlatformMicro Inverter Technology Platform
EightTechnology
Platforms
Technological Innovation LeadershipOverview of Technological Innovation
Technological Innovation Governance
Genbyte adheres to the development philosophy of "Technology Leads, Innovation Drives" and considers technological innovationas the core driving force of its development. The Company actively expands into ?elds such as AI, inverters, and energy storage,providing domestic and international well-known enterprises with comprehensive solutions including smart hardware, software,and system control integration. This not only promotes technological progress in the industry but also develops environmentallyfriendly products, enhancing the company's economic bene?ts and social responsibility.
Genbyte strictly follows the laws and regulations, such as the "Science and Technology Progress Law of the People's Republicof China," the "Law of the People's Republic of China on Promoting the Transformation of Scientific and TechnologicalAchievements," and the "Opinions on Strengthening Governance of Science and Technology Ethics." The Company has establishedprocedures and regulations, including the "Design and Development Control Procedure," the "Embedded Software DevelopmentDesign Procedure," the "R&D Sample Demand Management Regulations," and the "Full Participation Improvement ManagementNorms," to standardize the entire innovation process. It has built an innovation mechanism of "Technology Pre-research , Demand-driven and Platform Support," focusing on creating a product system that is technologically advanced, high-end, intelligent, andgreen-low-carbon.The Company continues to increase its R&D investment by establishing research centers, a Technology Strategy Committee, and aTechnical Expert Committee, forming a technological innovation management structure. Genbyte also actively builds a platform-based, professional autonomous innovation product R&D system, with eight key laboratories and eight major technologicalplatforms. These initiatives bring together the Company's cutting-edge innovation forces, ensuring the Company's sustainedleadership in technological innovation. In addition, the Company adheres to ethical standards during the R&D process, especiallyin sensitive areas such as life sciences and arti?cial intelligence. It has established an internal technology ethics review mechanismand training programs to enhance the ethical awareness of its R&D staff, ensuring that all R&D activities comply with ethicalstandards.As of the end of the reporting period, the Company has been honored with multiple awards, including "National High-techEnterprise," "Autonomous Innovation Benchmark Enterprise," "Top 100 Autonomous Innovation Small and Medium Enterprises,"and "High-level Innovation Talent Training Base in Nanshan District, Shenzhen."
5960
Impact of Technological Innovation, and Risk & OpportunityManagementRisk Management
Industry-Academia-Research Collaboration
Genbyte has established a comprehensive risk management process to mitigate potential risks in the course of technologicalinnovation. The Company begins by analyzing internal and external environmental factors, identifying possible risks throughout theinnovation lifecycle, including technical, market, and policy-related risks. It then evaluates the likelihood of these risks occurringand the severity of their impact to assign appropriate risk levels. Based on this evaluation, tailored strategies are developed tominimize risk exposure, thereby ensuring that any potential losses to the Company are kept to a minimum.
Upholding a philosophy of openness, collaboration, and mutual benefit,Genbyte actively engages in strategic partnerships with academic institutionslike Zhejiang University, research institutes, and upstream and downstreamplayers in the industry chain. The Company is building a multi-tiered, multi-dimensional platform for collaboration across industry, academia, andresearch. With the enterprise as the main driver and market needs as thecompass, this integrated innovation system fosters in-depth cooperation.Genbyte continues to increase its R&D investment, leveraging collaborativeplatforms for technical expertise, funding, and market access. Thesejoint efforts tackle complex technological challenges and accelerate thetransformation of scienti?c research into productive outcomes.
Industry-Academia-ResearchCollaboration Partners
“Advanced Digital-Controlled Bidirectional Inverter Power Supply” Project
Genbyte collaborated with Zhejiang University to jointly develop an advanced digital-controlled bidirectional inverterpower supply. By combining the university's cutting-edge research capabilities with the company's strong financialand industrial support, the project focused on creating a high-e?ciency digital power system capable of both forwardcharging and reverse inverter output. This innovation enables more efficient energy conversion and flexible powermanagement, marking a significant step forward in advancing energy technology and promoting innovation in thesmart energy sector.
Case Study
Genbyte has been deeply rooted in the ?eld of intelligent controllers, leveraging its strong R&D resources and extensive industrychannels to drive technological innovation and contribute to the development of industry standards. The Company played anactive role in formulating the national group standard"General Technical Requirements for Smart Cooking Robot Systems forCatering Equipment'' (T/ZSA 288—2024) and independently developed several cutting-edge technologies, including micro invertersand tactile sensing technology for robotic skin. These breakthroughs have been widely recognized, enhancing the Company'sinnovation capabilities and promoting high-quality development across the industry.
Technological R&D Achievements
Risk
Opportunity
PolicyandLegalRisk
TechnologyRisk
MarketRisk
Non-compliancewith national or localenvironmental andenergy policies couldprevent innovationprojects fromreceiving governmentsupport or lead torestrictionsOutdated processesor equipmentmay result in highproduction costsand reduced marketcompetitiveness
Introducingadvancedequipment andprocesses canimprove technicalcapabilities, reducecosts, and boostcompetitivenessThe rise of emergingapplications suchas AI, humanoidrobots, and greenenergy is drivingsustained demandfor smart hardware,motor drivers, andstorage inverters
Intensi?ed industrycompetition andrapid technologicalchanges mayprevent newproducts from beingquickly accepteddue to performanceissues, instability, orcustomer habitsTechnologicalOpportunity
Market Opportunity
Shortto Mid-Term
Shortto Mid-Term
Shortto Mid-Term
Shortto Mid-Term
Shortto Mid-Term
Increasedoperatingcosts,reducednon-operatingincomeIncreasedoperatingcosts,reducednon-operatingincome
Increasedoperatingcosts
Increasedrevenue
Increasedrevenue
Operations
Operations
Operations,Downstream
Operations,Downstream
Operations,Downstream
Low
Medium
Medium
Medium
High
Monitor policydevelopments closely andadjust project direction ina timely manner to ensurealignment with regulatoryguidanceDevelop a plan fortechnological upgradesand equipmentmodernization based oncurrent capabilities, withresponsible departmentsimplementing e?ectively
Enhance market analysisand customer insights, andrespond swiftly to marketchanges
Increase R&D investment,attract and develop high-level R&D talent, and buildan e?cient innovationsystemOptimize products andservices, enhance marketresearch and strategicpartnerships to meet diversedemands and strengthencompetitiveness
Technology Innovation Strategy
Type Description
ImpactLevelLikelihood
ImpactTimeframe
A?ectedValueChain
Level
FinancialImpact
ResponseMeasures
6162
2024 Design and Development Management Indicators
IndicatorsStatusProject Development Completion Rate (Automotive) ≥ 98%Project Development Completion Rate (Non-Automotive) ≥ 98%
First-Pass Sample Quali?cation Rate (Automotive) ≥ 96%First-Pass Sample Quali?cation Rate (Non-Automotive) ≥ 96%
AchievedAchievedAchievedAchieved
During the Reporting PeriodThe Company had a total of 327 R&D
personnel
R&D investment reached rmb
86.16 Million
Accounting for 6.15% Of total
revenue
Intellectual Property Protection
Intellectual Property Management System
Genbyte places a strong emphasis on intellectual property (IP) protection and strictly complies with the Patent Law of thePeople's Republic of China and other relevant regulations. The Company has established policies such as the Intellectual PropertyManagement Regulations, Trade Secret Protection Policy, and Intellectual Property Risk Prevention Plan, forming a multi-level,cross-departmental IP management structure. This system is continuously improved to provide institutional support for e?ective IPprotection.The Securities A?airs Department is responsible for overseeing IP matters, working in collaboration with external IP agencies andlaw ?rms to ensure e?cient coordination and comprehensive management.To encourage innovation, the Company has implemented a comprehensive patent incentive policy. This includes rewards for patentapplications, substantive examination achievements, and granted patents, while also linking patents to employee performanceevaluations, professional title assessments, and promotions. These measures aim to fully stimulate employees' innovativepotential and facilitate the transformation of technical achievements into productivity, thereby strongly supporting the company'ssustainable development.
Principles of Intellectual Property Protection Management
Comprehensive Protection: Covers all types of intellectual property, including patents,trademarks, copyrights, and trade secrets.Prevention-Oriented: Focuses on proactive risk assessment and process control to preventIP disputes before they arise.Full Participation: Enhances company-wide awareness through training and promotion ofintellectual property protection.Legal Compliance: Strictly adheres to domestic and international IP laws and regulations.Continuous Improvement: Regularly evaluates the management system to continuallyoptimize processes.
In the automotive refrigeration and air conditioning sector, the Company has continued to focus on low-power productdevelopment. Its solutions now integrate UDS (Unified Diagnostic Services) for online automotive diagnostics and AES-128encryption for information security. Covering both aftermarket and OEM applications, the Company's platform products havebeen widely adopted—for instance, by renowned global outdoor brand Dometic, and in Xiaomi's new energy ?agship SU7 vehiclerefrigerator. With the rapid growth of the NEV (new energy vehicle) market, vehicle refrigerators are increasingly becoming standardin premium models. Genbyte has optimized its electronic control systems to reduce energy consumption and improve a?ordability,further strengthening its leadership in this ?eld. The Company's innovations have drawn attention from multiple OEMs, many ofwhom have actively sought out collaboration, driving steady growth in the vehicle refrigerator and air conditioning business.During the reporting period, Genbyte launched and successfully commercialized 15 R&D projects. Among them, self-developedtechnologies such as the "HarmonyOS-Based IoT Refrigerator Control Platform", "Remote-Controlled Lawn Mower Design Basedon Hub Motors", and "High-Performance Micro Grid-Tied Inverter for Energy Storage Systems"were awarded at the 23rd ShenzhenEnterprise Innovation Records.
Innovative Lawn Mower Robot Controller
Leveraging its independent R&D strengths in intelligentcontrollers, the Company engaged in deep collaborativeinnovation with clients to tackle core technologies of lawnmower robots, facilitating the successful mass productionof innovative lawn mower robots for downstream clients.The product integrates RTK, vision, and multi-sensortechnologies to achieve combined positioning, navigationand obstacle avoidance, intelligent remote control, andautomatic grass collection. It has been highly recognized byconsumers overseas.
Product Application: Innovative Lawn Mower Robot
In 2024, the Company's self-developed micro inverter product receivedproduct certi?cation from T?V Rheinland in Germany, covering multiple safety,electromagnetic compatibility, and grid connection standards, including EN62109, IEC 62109, EN IEC 61000-6-1, EN IEC 61000-6-3, EN 50549, and VDE 4105.This series of micro inverters incorporates innovative control algorithms andintelligent management software, e?ectively addressing power quality issues ingrid-connected applications. It supports low-harmonic power output, reactivepower regulation, grid dispatch, and intelligent energy management.
Innovative Lawn Mower Robot Controller
Technological Innovation Indicators and GoalsGenbyte adopts a market-driven and customer-oriented approach to guide its product design and development. The Companydynamically adjusts new product development based on its evolving business needs, and sets clear performance indicators forR&D personnel and departments. By implementing quanti?able R&D metrics and clearly de?ned responsibilities, the Companyensures that its technological innovation progresses in a well-aligned and strategic direction. This approach lays a solid foundationfor Genbyte's long-term sustainable development.
Micro Inverter
case
case
6364
IntellectualProperty RiskPreventionSystem
DepartmentalCollaborationMechanismExternalResearch andIndustry TrendMonitoringIntellectualPropertySeminars andTraining
Other KeyInitiatives
Pre-R&D Search: Conduct comprehensive searches before project initiation to avoidduplicate R&D and infringement.Competitor Analysis: Regularly monitor competitors' intellectual property layout toidentify potential risks.FTO (Freedom to Operate) Analysis: Conduct FTO analysis before product launch toensure no infringement of others' rights.Risk Warning System: Establish a warning system to detect and respond to potentialrisks promptly.Cross-Department Collaboration: Ensure intellectual property protection is integratedthroughout the R&D, production, and sales processes.External Cooperation: Establish long-term partnerships with intellectual propertyagencies, law ?rms, etc.Industry Trend Tracking: Regularly monitor trends in intellectual property developmentand technological innovation.Policy Research: Conduct in-depth research on domestic and international intellectualproperty laws, regulations, and policy changes.Seminar Organization: Regularly organize internal seminars and invite external expertsto conduct lectures, enhancing protection awareness and capabilities.Systematic Training: Provide basic training to new employees and hold regularspecialized training sessions covering laws, regulations, application processes, etc.Incentive Mechanism: Establish a patent reward policy and "Intellectual PropertyContribution Award" to encourage innovation and risk mitigation by outstandingemployees.Compliance Review: Conduct intellectual property compliance reviews before productlaunches to ensure legality and compliance.
Intellectual Property Training
In 2024, the Company invited external experts to conductspecialized training sessions on intellectual property. Thetraining covered fundamental IP knowledge, techniquesfor patent research and mining, risk prevention strategies,and an interpretation of the Company's incentive policies.These e?orts comprehensively enhanced the Company'scapability and awareness in intellectual propertyprotection.
Case Study
Intellectual Property Training
Total Granted PatentsAmong them: - Granted Invention Patents
-Granted Utility Model Patents- Granted Design PatentsTotal Software CopyrightsTotal TrademarksInvention Patents Applied During the Reporting PeriodInvention Patents Granted During the Reporting Period
Intellectual Property Management MeasuresThe Company actively conducts intellectual property protection and management work, establishing a full-process managementmechanism. It formulates response measures for various stages, including R&D, application, maintenance, usage, and disputeresolution, ensuring the continuous and effective operation of the intellectual property management system. Additionally, theCompany has established an intellectual property ledger and annual fee management system, embedding intellectual propertyprotection throughout the entire product development and operation process. With clear and de?ned systems and managementmeasures, the Company ensures that every step from project initiation to product launch strictly follows intellectual propertyprotection procedures and standards. Furthermore, the company adopts lifecycle management measures, protecting its owninnovative achievements while respecting others' intellectual property.
Intellectual
Property
Registration and
Filing
Intellectual
Property
Application and
Registration
Process
Project Initiation: Clearly define intellectual property ownership and protection scope,and develop a dedicated protection plan.R&D Process: Regularly assess innovative outcomes and apply for patents, trademarks,etc., in a timely manner.Project Completion: Implement comprehensive intellectual property layout for coretechnologies to ensure legal protection.Global Layout: Conduct international patent applications (PCT) and overseas trademarkregistrations.Confidentiality Measures: Implement confidentiality agreements and access control toprevent information leakage.Timely Registration: Regularly submit technical disclosures to ensure timely protection.Patent Application: Apply for invention patents, utility models, or design patents forvaluable technologies.Trademark Registration: Timely register new brands, logos, etc., to protect brand rights.Copyright Registration: Register copyrights for software code, design drawings, and otherworks.Trade Secret Filing: Implement confidentiality measures and file for non-publicinformation.
Indicators
6566
Enhancing Product Quality
Product Quality Governance
Genbyte firmly regards quality management as the cornerstone of sustainable development and is committed to deliveringexcellent, safe, and reliable products and services to its customers. The Company strictly complies with the Product QualityLaw of the People's Republic of China and other relevant regulations, adopting the quality policy of "meticulous design, strictmanufacturing, environmentally friendly products, timely delivery, premium service, and continuous improvement."To this end, Genbyte has established a comprehensive suite of quality management systems and regulations, including the QualityManual, Product Quality Testing and Control Speci?cations, and New Product Pilot Production Control Procedures. These systemssupport a full lifecycle quality management framework that spans R&D, production, and the supply chain, ensuring high productreliability and traceability.Customer needs remain the central focus of Genbyte's quality strategy. The Quality Department leads quality governance e?orts,overseeing material and product inspections, auditing production processes, supervising issue resolution, and evaluatingproduct quality controls. While ensuring compliance with fundamental quality standards, the Company also focuses on processoptimization and efficient resource use to reduce quality deviations, lower production costs, and enhance service delivery -allcontributing to the continuous improvement of product quality.Additionally, Genbyte actively conducts both internal and external quality audits to ensure full alignment with legal and regulatoryrequirements. As of the end of the reporting period, the Company has obtained certi?cations for ISO 9001, ISO 13485, IATF 16949,and IECQ QC080000 quality management systems, and has been certi?ed by T?V Rheinland.
ISO 9001:2015(Quality Management System)
ISO 13485:2016(Medical Device Quality
Management System)
IATF 16949:2016(Automotive QualityManagement System)
IECQ QC080000:2017(Hazardous Substance ProcessManagement System)
Germany Rhein T?V Certi?cation
Digital Intelligence DevelopmentDigital Intelligence Development
Digital Development
Intelligent Manufacturing
With the rapid advancement of technology, digitalization and intelligence have become core competitive advantages forenterprises. As a practitioner of Industry 4.0, Genbyte anchors its strategy on "data-driven decision-making, 5G-enabledmanufacturing, and intelligent ecosystem optimization," and has built an enterprise information system centered on the integrationof digitalization, intelligence, and platformization, driving continuous improvement in environmental, social, and governance (ESG)performance.
Genbyte actively allocates resources to develop its digital capabilities, constructing a high-e?ciency production system to supportthe customized and multi-scenario needs of smart controllers and energy storage products. This is achieved through its integrateddigital-intelligent-platformized enterprise information system.In operational management, the company has invested long-term in building a core digital platform centered on SAP&ERP, coveringsales, planning, procurement, logistics, and ?nance. This platform integrates digital applications aligned with business processes,continuously leveraging intelligent technologies to enhance operational e?ciency.In production management, the company focuses on platform-based manufacturing and enhancement of core competencies. Itintegrates digital tools such as MES (Manufacturing Execution System), WMS (Warehouse Management System), and electronicdashboards to deliver precise and reliable manufacturing services. Genbyte has introduced advanced international automatedproduction lines (e.g., fully automated SMT machines), enabling visualized, standardized, and globalized manufacturing whileactively exploring AI and big data applications in production.In product testing, the Company has adopted automated testing technologies and equipment, and built a collaborative digitalplatform that connects MES, WMS, and SAP systems. Leveraging IoT, databases, and virtual instrumentation, it has integrated in-house testing systems with automatic inspection equipment, pioneering a "cloud testing" model that enables real-time monitoringand automated management of test data, signi?cantly enhancing product stability and delivery e?ciency.In R&D management, Genbyte has established a full lifecycle PLM (Product Lifecycle Management) platform that standardizesits R&D processes through formal project management tools. The Company is also actively deploying big data and AI in productdevelopment to improve R&D e?ciency and design quality.For o?ce automation and paperless operations, Genbyte has implemented travel platforms, OA systems, and electronic signaturetools. Data analytics are used to gain insights into employee travel habits, promoting low-carbon travel and optimizing travelpolicies to enhance employee experience. The e-signature platform supports fully digital contract management, improvinge?ciency, reducing operational costs, and strengthening contract control and risk management.
While advancing its digital transformation, Genbyte also focuses onintelligent manufacturing. By integrating MES systems with AOI and AIequipment, the Company has optimized production processes such asSMT and DIP. It has addressed challenges in automatic interfacing andintelligent recognition of solder paste, stencils, and chip programming.This enables automatic software downloading based on work ordersand full automation of chip programming, solder paste printing, andAOI optical inspection. These efforts further the Company's smartmanufacturing goals, improving production methods and overalle?ciency. During the reporting period, Genbyte achieved the Level 3certi?cation for Intelligent Manufacturing Capability Maturity.
6768
Genbyte has established the "Risk and Opportunity Response Control Procedures" and the "Product Risk Control Procedures"to create a comprehensive process for identifying, managing, and responding to risks and opportunities. A risk and opportunityevaluation team has been formed to oversee risk and opportunity management tasks. The Company organizes departments toidentify risks and opportunities related to product quality throughout the product lifecycle, including legal regulations, productionprocesses, after-sales service, inspection results, etc., in accordance with the relevant control procedures. These are initiallyrecorded in the "Risk and Opportunity Analysis and Evaluation Form." At the same time, the Company scienti?cally assesses therisk coe?cient to determine whether the risk is acceptable and if corresponding measures should be taken. For risks requiringaction, the Company prioritizes eliminating the risk and formulates risk response measures, which are then implemented by therespective departments and supervised by designated personnel to ensure proper execution and e?ectiveness. All information isdocumented in detail, compiled in the "Process Risk and Opportunity Identi?cation and Evaluation Measures Form," and regularlyreviewed to ensure that risk and opportunity identi?cation and response are thorough and e?ective.
The Company adheres to the requirements of quality management systems such as ISO9001 and IATF16949. During new productintroduction, the overall approach follows the APQP (Advanced Product Quality Planning) timeline management model. Basedon the factory's NPI (New Product Introduction) process, the product lifecycle mainly involves four modules: product and processvalidation, production, planning, and feedback, evaluation, and corrective actions. By integrating quality management toolssuch as MSA (Measurement System Analysis), FMEA (Failure Modes and E?ects Analysis), and SPC (Statistical Process Control), theCompany incorporates scienti?cally e?cient quality management practices into each module to ensure comprehensive control ofproduct quality throughout the entire lifecycle.
Product Quality Impact, Risk, and Opportunity Management
Risk and Opportunity Management
Product Lifecycle Management
Factory manufacturing quality management primarily focuses on "new" and "change." The standardization of the NPI (NewProduct Introduction) process and the rational layout of quality control points are key to effectively managing manufacturingquality and preventing issues such as batch problems and customer complaints.
Concept Proposal / Approval
Planning and De?nition
Planning and De?nitionProduct Design and Development
Process Design and Development
Product and Process Validation
Product and Process Validation
Project Approval
Sample PilotProduction
Mass ProductionLaunch
Planning andProject De?nition
Product Designand Development
Veri?cation
Process Designand DevelopmentVeri?cation
Product andProcess Validation
Feedback,Evaluation, andCorrective
Feedback, Evaluation, and Corrective Actions
1.2.3.4.5.6.7.8.
Documents / ProcessesNPI Operation GuidelinesNPI Introduction RiskAssessment ChecklistNPI Pilot Run Issue ListPilot-to-Mass ProductionReview FormMSA PlanSPC PlanFMEA/QCP – FMEA / QCPPerformance Test Report(Test Coverage)
Risk
Quality issues duringproduct developmentmay damagethe company’sreputation, incurcompensation costs,and a?ect productacceptance rates anddelivery.
Rising customerexpectations forquality standards,delivery timelines,and after-salesservices placehigher demandson the company’sproduction,quality, and servicemanagement.National emphasison technologicalinnovation and thedigital economymay bring favorablepolicies such astax reductions orsubsidies.
The rapid growthof the new energyvehicle industryopens up a largemarket for PCBAmanufacturers,reducing competitivepressure andincreasing pro?tpotential.
Short tomediumterm
Operations
Operations
Moderate
Moderate
Moderate
High
Decreaseinrevenue
Decreaseinrevenue
Increaseinrevenue
Increasein non-operatingincome
Standardize R&D andproduction processes,implement strict qualitycontrols, and establishmultiple inspectioncheckpoints to ensureproduct quality.
Strengthen communicationbetween the QualityDepartment and clientsto align on standardsand testing methods;Production Department toensure e?ective productionplanning and execution;Marketing Department toenhance client engagementand promptly addressfeedback.Closely monitor governmentpolicy updates; increaseR&D investment andinnovation e?orts to gainaccess to preferentialpolicies and strengthencompetitive edge.
Stay closely alignedwith market demandand proactively developcustomized PCBA solutionsto gain a competitiveedge through service andtechnology.
Downstream
Downstream
Short tomediumterm
Mediumto longterm
Mediumto longterm
Opportunity
Product Quality StrategyType Description
ImpactLevelLikelihood
ImpactTimeframe
A?ectedValueChain
Level
FinancialImpact
ResponseMeasures
Technical /ReputationalRisk
PolicyandLegalOpportunity
MarketOpportunity
MarketRisk
6970
Process Quality Abnormality Management Procedures TrainingIn 2024, the Company organized training on the processquality abnormality management procedures forpersonnel from the Quality Department, including thoseinvolved in SMT, DIP, and QC. Through the disseminationand explanation of the related management procedures,the training further strengthened the quality professionalskills of the Quality Department staff and promotedthe continuous improvement of the Company's qualitystandards.
Process Quality Abnormality Management
Procedures Training
Post-Process Completion TrainingESD (Electrostatic Discharge) Professional
AQL Sampling Inspection Training7S Management Knowledge Training
Case Study
During the Reporting Period
The Company conducted 54 quality
training sessions
With 1,952 employeesparticipations
A total training duration of 3,904
hours
Product Process Quality Management
Product Quality Training
The Company has established product process management systems, including the "HSF Management Control Procedures,""Corrective and Preventive Actions Control Procedures," "Non-Conforming Product Control Procedures," and "ContinuousImprovement Control Procedures," to continually enhance product process quality management and improve product and servicequality as well as production e?ciency.During the incoming material phase, the Company implements a multi-stage rigorous inspection process through SAP inspection,MRB review, and IQC inspection. Only after passing these checks can materials be stored, with rules for tightening, relaxing, ornormal sampling transitions in place to ensure the quality of raw materials.In the product manufacturing phase, the Company follows documents such as the "QA Inspection Work Guidelines," "OperatingInstructions," and "BOM" to standardize the SMT and DIP processes. Key processes, such as solder paste/red glue printing,mounting, welding, and component insertion, are specifically inspected. After product production is completed, randominspections are conducted, and the results are detailed in documents like the "QC Daily Inspection Report," "Material AbnormalityHandling Form," and "Inspection Request Form." This comprehensive and detailed management process ensures high-qualityproducts for customers.In the product testing phase, the Company has developed an intelligent production inspection system, transitioning from manualto automated, intelligent quality detection. This improves both inspection accuracy and efficiency while reducing labor costs.Furthermore, product testing data is automatically collected, uploaded in real-time, and supports remote monitoring and backenddata storage and analysis. This system enables full lifecycle quality traceability for di?erent products, helping the Company identifypotential manufacturing issues and optimize product manufacturing processes.
Genbyte places great emphasis on cultivating employees' quality awareness and capabilities. The Company conducts extensivetraining for frontline employees in areas such as SMT, DIP, and QC, organizing assessments to ensure the effectiveness of thetraining. This aims to enhance employees' professional skills and ensure that their quality capabilities develop in line with theCompany's growth, laying a solid foundation for the Company's long-term development.
Department
Cycle
Business
Project
Planning
DCC
PIE /Equipment
QE
Production
Testing
Test FixturePreparation
CostAnalysisQuotation Approval
CodeCreation
ResourceAllocationAdjustment
Archive IdleDocumentationScrapIdle Tooling
ScrapIdle SOPsVoidIdle Work
InstructionsReturn IdleEquipmentNon-KeyControl Point
Optimization
of Toolingand Solder
Stencil
Poka-YokeDesign forManufacturing
Daily QRQC
SOP Preparation
DocumentDownload
Develop ProductionScheduling Plan
DocumentInterpretation
Tooling
Preparation
Test Coverage
Rate
QualityTarget Setting
Risk
Assessment
MeetingBOM &
DrawingPreparation
SOPReviewSOPReview andOptimizationSOP on-site rotationreading
Maintenance
CapabilityAssessmentTest Software
Poka-YokeCerti?cation
PilotProductionSummary
PilotProduction
Issue Log
Capability Validation
ToolingAcceptance
Develop PilotProduction Plan
RiskAssessment
BaselineOptimization
UpdateReverse RepairCapability MatrixChangeCon?rmation and
Review
MassProductionReadinessReview
Optimization
of MassProductionReview Baseline
KeyControl Point
Change Con?rmation
and Review
1: Preparation Stage2: Pilot Production Stage3: Mass Production Stage
4: Transfer / ProductTransition Stage3–7 days7–25 daysFirst 3 months3–7 days
7172
The Company actively conducts customer satisfaction surveys andhas developed the Customer Satisfaction Survey Control Procedure.Various methods, including visits, questionnaires, and letters, are usedto continuously collect and record customer feedback. The data isthen categorized, compiled, and summarized annually in the CustomerSatisfaction Analysis Report, which is reviewed in the Company'smanagement review meeting. The Quality Department's CQE teamanalyzes and evaluates the satisfaction data, promptly identifying thecauses of any customer dissatisfaction and developing correspondingmeasures to ensure continuous improvement in the customer serviceexperience.
During the Reporting Period
The Company received 8 customer complaintsWith a 100% resolution rate for all complaints
Customer Satisfaction
During the Reporting Period
The Company's customersatisfaction score was
The Company continuously improves the after-sales customer experienceand has established the Advisory and Adverse Event Noti?cation Procedure,which defines the responsibilities of each department and personnel.For products already delivered, the Company closely monitors customerfeedback, complaints, returns, and other issues. Following the principle ofimmediate reporting, adverse events are promptly reported. The QualityDepartment investigates the cause of the incident, creates a written report,and determines, based on the severity of the event, whether to issuean advisory notice or take corrective actions such as inspection, repair,replacement, warnings, recall, or on-site destruction. These measuresensure that losses to both the customer and the Company are minimized. Ifthe incident is due to technical issues related to product characteristics orperformance, the Company will recall all similar products.
The Company's customer satisfaction score was
During the Reporting PeriodThe Company did not experience anyincidents that required the recall orwithdrawal of products due to healthand safety issues.
Receive Customer
Complaint
Implement TemporaryCountermeasures
8DReview
Issue the 8D
Report
TrackImprovements
Close and EndCustomer Complaint
Establish CustomerComplaint HistoryImplementCorrective Actions
Con?rm Improvement
E?ectiveness
Finalize the 8DReport
8D Review
Meeting
CustomerComplaint
Close and EndCustomer ComplaintCustomer Complaint Handling Work?ow
OKNGProduct Quality Metrics and Goals
Genbyte has established annual product quality goals and set up multidimensional management metrics to comprehensivelyenhance the visibility of quality management. Quantitative data strongly supports the Company's quality development path, withresponsibilities assigned to individuals. Quality goal progress is tracked monthly or quarterly to ensure continuous and sustainedhigh-level improvement in quality management.During the reporting period, the Company did not experience any major product quality incidents.
2024 Product Monitoring and Measurement Management Process Goals
MetricAchievement StatusIncoming material inspection batch pass rate ≥ 99.5%
Incoming material HSF pass rate 100%SMT/AOI inspection pass rate ≥ 99.7%Throughput rate ≥ 98%Shipment random inspection pass rate (non-medical products) ≥ 99%Shipment random inspection pass rate (medical products) 100%No incidents of hazardous substance content exceeding standards
AchievedAchievedAchievedAchievedAchievedAchievedAchieved
Customer Rights Management Customer Rights ProtectionGenbyte strictly complies with laws and regulations such as the Consumer Rights Protection Law of the People's Republic ofChina and the Product Quality Law of the People's Republic of China. The Company fully respects and protects customers' legalrights and interests. Genbyte has developed systems such as the Customer Requirements and Order Contract Review ControlProcedure and the Customer Supplier Property Control Procedure. Centering on customer needs, the Company has establisheda comprehensive customer service system that covers after-sales service, complaint handling, and customer satisfaction surveys.This system ensures the protection of product quality, provides high-quality solutions, and continuously enhances the customerservice experience.Complaints and After-Sales Service
To effectively address customer dissatisfaction and complaints about products, the Company has developed the CustomerComplaint Handling Procedure and the Customer Return Handling Control Procedure. A complete customer complaint handlingprocess and time limits have been set to ensure timely resolution of customer feedback. Upon receiving a complaint, the QualityDepartment's customer service engineer records the speci?c details of the complaint and enters them into the customer complainthistory. Depending on the nature of the product issue, relevant departments collaborate to analyze the cause and proposeimprovement measures. The Company promptly responds to the customer and continuously tracks the progress of improvements.The complaint is only closed once the effectiveness of the improvement measures is confirmed, ensuring that the issue isthoroughly resolved.
7374
To ensure effective data security control, the Company conducts annual internal audits focused on data security integrity,authorization processes, and compliance. This ensures that the company's information security management is lawful andcompliant. Various e?ective measures are implemented to safeguard the baseline of data security. During the reporting period, theCompany conducted a data security audit, and all identi?ed issues have been recti?ed.
Management MeasuresPolicy andRegulationsTechnicalProtectionPersonnelManagementSecurity Monitoringand EmergencyResponse
The Company reviews existing data security and privacy protection policies quarterly,continuously improving data security operation guidelines and other relevant policies toensure their e?ectiveness and adaptability.The Company enforces strict identity verification and access control authorization,encrypts data, updates and maintains firewalls and intrusion detection systems monthly,and conducts comprehensive network security vulnerability scans and penetration testsquarterly to ensure normal operation of information security defenses.The Company actively organizes data security and privacy protection training, strictlyreviews personnel in key positions, and implements a regular job rotation system to reduceinformation security risks posed by human factors.The Company actively organizes data security and privacy protection training, strictlyreviews personnel in key positions, and implements a regular job rotation system to reduceinformation security risks posed by human factors.
Information Security Compliance TrainingCase StudyThe Company regularly organizes training on information security management standards, combining online ando?ine methods to explain the basics of information security, interpret company policies, and analyze case studies.This helps strengthen employees' daily awareness of prevention and risk response capabilities.
Information Security Compliance Training
Data Security Management MeasuresThe Company continuously improves the after-sales customer experience and has established the Advisory and Adverse EventNotification Procedure, which defines the responsibilities of each department and personnel. For products already delivered,the Company closely monitors customer feedback, complaints, returns, and other issues. Following the principle of immediatereporting, adverse events are promptly reported. The Quality Department investigates the cause of the incident, creates a writtenreport, and determines, based on the severity of the event, whether to issue an advisory notice or take corrective actions such asinspection, repair, replacement, warnings, recall, or on-site destruction. These measures ensure that losses to both the customerand the Company are minimized. If the incident is due to technical issues related to product characteristics or performance, theCompany will recall all similar products.
Genbyte strictly adheres to the Cybersecurity Law of the People's Republic of China and other relevant laws and regulations. TheCompany has developed internal systems such as the Information Security Management System, IT Internal Management System,Firewall Operation Management System, and Data Security and Customer Privacy Protection System to ensure the con?dentiality,integrity, and availability of the Company's information assets, effectively preventing and responding to various informationsecurity threats and risks. The Company has established an Information Security Management Committee to oversee informationsecurity efforts, supported by functional units such as the Information Security Office, Information Security Operations Team,and Information Security Technology Team. This multi-tiered information security management structure clearly defines theresponsibilities of each unit. Through regular evaluations of information security risks and the current state of information security,the Company continuously improves its information security levels, ensuring the implementation of information security policiesand standards. Additionally, the Company has set clear short-, medium-, and long-term information security and customer privacyprotection goals, carefully planning the future development to promote steady progress in information security.
Responsible Marketing
Data and Privacy ProtectionInformation Security Management System
Information Security CommitteeInformation Security Management Organizational Structure
Information SecurityO?ce
Information SecurityCommittee
Information SecurityOperations & Maintenance Team
Information SecurityEmergency Response TeamInformation SecurityTechnology Team
Information SecurityAudit Team
7576
After initially screening suppliers that meet the criteria, the Company organizes a supplierassessment team to conduct on-site inspections of the supplier's quality system, RoHS managementsystem, production capabilities, etc., and fills out the "Supplier Evaluation Form" and "SupplierRoHS Form." Upon passing the inspection, suppliers undergo sample certi?cation and small batchprocurement certi?cation, further assessing their technical capabilities. Based on the certi?cationresults and the supplier's characteristics, the Company decides whether a second on-site audit isnecessary. Relevant information on approved suppliers is then compiled and archived, officiallyadding them to the Company's quali?ed supplier list.The Company has developed the "Supplier Evaluation Management Measures" to standardizesupplier evaluation activities. Performance is assessed across four dimensions: quality, delivery,cost, and service. Supplier performance is evaluated dynamically through monthly, quarterly, andannual assessments using methods such as online surveys, self-assessment reviews, and on-siteevaluations. The Company follows a comprehensive supply chain lifecycle management system,with clear regulations for the introduction, review, evaluation, and elimination of suppliers. Thisensures a "honest, trustworthy, mutually beneficial" approach, creating a harmonious and fairbusiness environment for supplier partners.Based on evaluation results, suppliers are classified into five levels: Key, Qualified, Trial, UnderEvaluation, and Restricted. Each classi?cation is given di?erent business opportunities. Suppliersthat have cooperated for more than three years, with an average performance evaluation of "A" formore than three consecutive quarters, possess leading technical capabilities and market position,match the Company's customer base, and demonstrate strong cooperation willingness may beapproved by the company as key suppliers. These suppliers will have the opportunity to work onboth new and existing projects.Suppliers who face delivery or business issues, undergo procurement strategy changes, or fail tomeet the company's requirements in delivery, service, cost, quality, or technology, or show nowillingness to cooperate, may be adjusted to restricted status through Company approval. TheCompany will stop engaging with these suppliers for both new and existing projects and updatethe Company system accordingly to prevent other departments from mistakenly activating them,ensuring continuous optimization of the supply chain.The Company deeply understands the importance of supply chain management for sustainable development and activelyparticipates in SMETA audits. Based on audit results, the Company continuously improves its management effectiveness inareas such as labor rights, health and safety, environment, and business ethics. Through these actions, the Company practicessustainable supply chain management and creates a harmonious and fair business environment for its supplier partners. TheCompany is committed to helping suppliers enhance product quality and service standards. Through training and coaching, theCompany grows together with its suppliers to overcome challenges in the market environment.
SupplierIntroduction
SupplierEvaluation
SupplierClassi?cation
Supplier Exit
Supply Chain Strategy
Regulatory Risk:
Changes or updatesin policies andregulations mayrestrict productionactivities or lead topenalties.Risk
Mediumto LongTerm
Upstream,Operations
Increasein non-operatingexpenses
Provide guidance and trainingto external suppliers; build amutually bene?cial sustainableenvironment; ensure timelysubmission of environmentalreports; assign dedicatedinternal personnel to manageand ensure compliance withregulatory standards.HighRegulatoryRisk
Type Description
ImpactLevelLikelihood
ImpactTimeframe
A?ectedValueChain
Level
FinancialImpact
ResponseMeasures
Customer Privacy Protection
Supply Chain Governance
Genbyte places high importance on customer privacy protection and has developed policies such as the "Data Security andCustomer Privacy Protection System" and "Privacy and Confidentiality Control Procedures." The Company has established anoverarching goal to "build a comprehensive data security and customer privacy protection system, ensuring the con?dentiality,integrity, and availability of customer information, enhancing customer satisfaction and trust, and maintaining the Company'sreputation and sustainable development." This goal is further broken down into three speci?c objectives to ensure proper directionfor privacy protection e?orts.The Company respects the customers' right to know and make choices. It provides privacy policy pages and other means forcustomers to understand the collection, use, storage, and sharing of their personal information. For the collected customerdata, the Company implements strict measures such as data encryption, setting up dedicated data storage centers, regular databackups, and periodic security evaluations to ensure customer privacy is protected from leakage. Additionally, the Companyactively identifies risks related to data security and customer privacy protection, creating a risk-opportunity identification andassessment list to e?ectively control the risks of data breaches and privacy leaks. Moreover, the Company includes data securityand customer privacy protection in its employee performance assessment system and rewards or penalizes employees based ontheir performance.During the reporting period, the Company did not experience any incidents of customer information leakage.Speci?c Goals for Data Security and Customer Privacy Protection
Establish and improve data security management systems and processes, strictly controlthe collection, storage, use, transmission, and sharing of data to ensure its security andcompliance.Strictly protect customer personal information, preventing leakage, misuse, or tamperingwith customer data, ensuring customers' privacy rights are not infringed upon.Establish and improve data security management systems and processes, strictly controlthe collection, storage, use, transmission, and sharing of data to ensure its security andcompliance.
Data SecurityManagement Goal:
Customer PrivacyProtection Goal:
Risk Control Goal:
Building a Responsible Supply Chain
Genbyte is committed to building a responsible supply chain management system, strictly adhering to national laws andregulations. The Company has developed various policies, including the "Supplier Control Procedures," "Supplier EvaluationManagement Measures," "Contract Management Measures," and "Supplier Classi?cation and Grading Management," to regulatesupplier development, certification, evaluation, assessment, and approval processes. Additionally, a "Qualified Supplier List"is compiled, and suppliers are evaluated monthly or annually on criteria such as supply quality, product cycle, and cooperationto ensure their production capacity and services meet the company's development needs. The Company establishes andimproves supply chain lifecycle management, with clear regulations on the introduction, review, evaluation, and elimination ofsuppliers, striving to create a "honest, trustworthy, mutually bene?cial" environment and building a harmonious and fair businessenvironment for supplier partners.
7778
To strictly control the procurement process and standardize procedures,the Company takes a firm stance against fraud and unethical practices,creating a fair and just business environment. The Company issued anotice on anti-fraud disciplinary supervision and reporting and signedIntegrity Commitment Letters and Integrity Agreements with employeesand suppliers, prohibiting related personnel from soliciting or acceptingbribes or kickbacks from suppliers or third parties, or engaging in unrelatedeconomic transactions with third-party units or individuals. To ensure theimplementation of these measures, the Company has set up reportingchannels such as a hotline and email, with the audit department handlingand investigating the reports. The Company also o?ers cash rewards andprotection for whistleblowers, encouraging employees to participate ininternal supervision.
The Company has introduced an SRM system to drive the digital and intelligent development of supply chain management,facilitating the creation of a transparent and efficient supply chain ecosystem in collaboration with suppliers. This ensures thetimeliness and accuracy of information sharing, improving transparency and collaboration e?ciency. Additionally, the Companyactively conducts supply chain-related training to enhance employees' professional skills and competencies.
During the Reporting Period100% of suppliers signed theIntegrity Agreement
Integrity Procurement
Digital Supply Chain
Genbyte actively enhances its risk and opportunity identi?cation and control in supply chain management, adoptinga cautious and meticulous approach to ensure that the risks in the supply chain are manageable.For the identi?ed risks and opportunities, the Company uses scienti?c and objective evaluation methods to assesstheir likelihood and the potential harm they could cause, quantifying the risk and opportunity levels.Based on the level of risks and opportunities, the Company formulates corresponding management measures tominimize or eliminate the impact of risks on the supply chain and seize opportunities, supporting the Company'ssteady development.
In 2024, the Company organized SRM system training for theprocurement department staff, covering the full operationalworkflow of the SRM system. The training included modulessuch as supplier onboarding, contract management, pricemanagement, order collaboration, information updates, suppliergrading, and supplier qualification reviews. The goal was toensure that the procurement team acquires the necessary skills tooperate digital systems e?ectively.In parallel, the training incorporated materials from the course"Procurement Professional Skills Training and Enhancement",aimed at standardizing procurement processes, enhancingprocurement capability and professionalism, and supportingstrategic cost analysis and control. This initiative furtheraccelerated the Company's progress toward digitalized supplychain management.
SRM System Training
SRM System Training in Progress
Case Study
Risk Management
Genbyte actively enhances its risk and opportunity identi?cation and control in supply chain management, adopting a cautiousand meticulous approach to ensure that the risks in the supply chain are manageable.
Supply Chain Impact, Risk, and Opportunity Management
Variations in supplyand price ?uctuationsof key raw materials,coupled with supplyshortages, may delaytimely delivery.
Policy and LegalOpportunity:
Adapting toregulatory changesby adjusting rawmaterial and productstructures mayattract new potentialcustomers.PartnershipOpportunity: Long-term collaborationwith high-qualitysuppliers can fostertrust, reduce early-stage developmentand coordinationcosts, and loweroverall expenditure.
Strengthen diversi?edsupply chain managementand expand quality supplierresources; enhance ESGaudits and dynamicassessments of suppliersto ensure compliance andstability; engage in joint R&Dwith key suppliers (accountingfor 70% of procurement), signlong-term agreements, anddevelop annual purchasingplans and safety stockstrategies to improve supplychain resilience.
Promote integratedstrategies to maintainstrong supply chainrelationships; formstrategic alliances andsign agreements onsupply quality andbusiness ethics; ensureopen communicationand support supplierdevelopment to enhancemanagement capabilitiesand reduce costs.
Stay abreast of nationaland local policy updates;require suppliers toadopt biodegradableand recyclable materials;expand market outreache?orts.
ShortTerm
UpstreamHigh
High
Decreaseinrevenue
Increaseinrevenue
Risk
Opportunity
Reductionin non-operatingexpensesModerateUpstream,OperationsMediumto LongTerm
Mediumto LongTerm
OperationsPolicyandLegalOpportunity
PartnershipOpportunity
RawMaterialSupplyRisk
Type Description
ImpactLevelLikelihood
ImpactTimeframe
A?ectedValueChain
Level
FinancialImpact
ResponseMeasures
7980
Equal Treatment of SMEs
The Company firmly upholds the principles of fairness, equity, and openness, offering equal development opportunities andcooperation platforms to all enterprises, regardless of size. Genbyte actively works to eliminate barriers, ensure transparentprocurement processes, and create a level playing ?eld for small and medium-sized enterprises (SMEs) to access the supply chain.This commitment helps foster mutual growth in a competitive market environment.
During the Reporting Period
The Company had no overdue payments to SMEs
Supplier ESG Management
Total suppliersSuppliers certi?ed with a quality management systemSuppliers certi?ed with a quality management systemSuppliers certi?ed with an occupational health and
safety management system
Supplier ESG Training
During the Reporting Period
Guangdong Province
Jiangsu Province
Zhejiang Province
Shanghai Municipality
Hong Kong SpecialAdministrative Region
Fujian Province
Jiangxi Province
Hunan Province
Beijing Municipality
Sichuan Province
Anhui Province
Shandong Province
Guangxi ZhuangAutonomous Region
Hubei Province
Taiwan Region
Chongqing Municipality
Tianjin Municipality
Shaanxi Province
Overseas Regions
8182
Buildinga Better Future together
Labor Relations ManagementOptimizing the Talent TeamSafe and Healthy ProductionPublic Wefare Cmmitment
8384
During the reporting period
Including 1,156 femalesOf whom 332 are from minority
ethnic groups
The Company achieved a 100%labor contract signing rate
With a total of 2,259
employees
Genbyte's Diversity Communication
Compensation and Bene?tsCompensation ManagementGenbyte follows the principle of "distribution based on labor, equal pay for equal work," and has established policies such as the"Employee Salary Management System" and "Compensation and Bene?ts Management Procedures" to regulate compensationand labor relations management. The Company ensures employees' interests are safeguarded by implementing a monthlysalary system with a ?exible pay structure that includes basic salary, performance bonuses, overtime pay, and allowances. Thisstructure aims to fully stimulate employees' enthusiasm and creativity. Additionally, Genbyte has developed a "PerformanceEvaluation Control Procedure," establishing a comprehensive performance appraisal system. Regular assessments of employees'work performance, contributions, and teamwork abilities ensure fairness and transparency in salary distribution. A performancefeedback and appeal mechanism is also in place, allowing employees to submit concerns or suggestions to leadership in writing.
EmployeesClassi?ed byGender
EmployeesClassi?ed byAge
EmployeesClassi?ed byEducation Level
MaleFemale
Below 30 Years Old
40 (inclusive) to 50
Years Old
30 (inclusive) to 40Years Old
Below AssociateDegreeBachelor's DegreeMaster's Degree and
AboveAssociate Degree Above 50 Years Old
Labor Relations Management
Talent Recruitment ManagementCompliance in Employment
Genbyte strictly adheres to the Labor Law of the People's Republic of China and other relevant laws and human rights standards.Upholding the recruitment principle of "comprehensive evaluation, selective recruitment, and merit-based hiring," the Companyhas established various recruitment and management systems, including the Company Regulations, Employee RecruitmentManagement Procedures, Employee Code of Conduct, Employee Handbook, and Human Resources Control Procedures. Thesesystems ensure that the recruitment process is fair, just, and transparent, while firmly opposing any form of discrimination,providing equal work opportunities for all employees.The Company respects the rights of every employee, ensuring that each individual signs a formal labor contract before startingwork, clearly outlining both parties' rights and responsibilities to protect employees' legitimate rights and interests.The Company adheres to a diversified recruitment strategy, offering full support and care to job seekers, including veterans,individuals with disabilities, and women. By utilizing various recruitment methods, such as social recruitment, campus recruitment,and job advertisements, the Company broadens its talent selection scope, attracting outstanding individuals. The goal is to createa harmonious, positive, and forward-looking work environment, advancing together with employees to create a brighter future.
Genbyte Campus Recruitment
Diversity Management
Genbyte adheres to the principles of fairness, diversity, and inclusivity, practicing equal pay for equal work and non-discriminatoryemployment. The Company has established policies such as the "Disabled Persons Management Procedure," "Anti-DiscriminationControl Procedure," "Anti-Harassment and Abuse Control Procedure," and "Prohibition of Forced and Compulsory Labor ControlProcedure," which clearly state that no employee should be discriminated against based on gender, age, ethnicity, race, skin color,marital status, religious belief, or other factors in areas such as recruitment, promotion, or compensation. The Company ?rmlyopposes any form of discrimination, harassment, forced labor, child labor, or improper behavior, and actively protects employees'legitimate rights and interests. Genbyte has also developed procedures such as the "Prohibition of Child Labor and RemediationControl Procedure" and "Minor Protection Control Procedure," implementing age veri?cation mechanisms during the recruitmentprocess to identify and internally review child labor, strictly prohibiting the hiring of minors. Additionally, the Company hasformulated the "Freedom of Association and Collective Bargaining Control Procedure" and the "Religious Belief ManagementProcedure," respecting employees' right to freely associate in lawful and peaceful ways. The Company encourages mutualunderstanding and communication among employees from di?erent ethnicities, regions, and cultural backgrounds, and activelypromotes cross-cultural training, language learning, and psychological support to foster better understanding and adaptationamong employees from diverse cultural backgrounds.
8586
The Company has set up suggestion boxes to collect various employee suggestions and reportunreasonable phenomena.Employees can also express their concerns through employee representatives or directly to uppermanagement, participating in democratic management to protect workers' legal rights andengage in equal negotiations with the department.
Employee Appeal Channels
Genyte Employee Appeal Process
During the reporting period
The Company
did not receive any employee
complaintsA total of 816 employees joined the unionRepresenting 36.12% Of the total workforce
Vietnam Branch Union Recognition Certi?cateEmployee Representative Training
In 2024, Genbyte organized an employeerepresentative training event. The Companyactively promoted employee communicationchannels by educating employees on socialresponsibility, union management rules, andcomplaint handling processes. This initiativeaimed to enhance the Company's democraticmanagement level and build harmonious andstable labor relations.
Case
Employee Representative Training Onsite
Suggestion Box
EmployeeRepresentativesManagement
PersonnelEmployee Feedback,Suggestions, andGrievances
FactoryManagement
Committee
DiscussMeasures andAssign DedicatedFollow-up
Report ResultsRespond toEmployees
Employee Incentives
Bene?ts and Welfare
Genbyte has developed a "2024 Restricted Stock Incentive Plan (Draft)" to implement a restricted stock incentive program. The planspeci?es the scope of participants, grant quantities, and grant prices to ensure fairness, reasonableness, and e?ectiveness of theincentives. By granting restricted stock to employees, the Company seeks to inspire their enthusiasm and creativity, encouraginglong-term service and contributing to the Company's sustainable development.
Genbyte strictly follows national regulations,as outlined in its "Compensation and BenefitsManagement Procedures" and "Company Regulations,"to manage employee bene?ts. The company providespaid leave, including statutory holidays, annual leave,marriage leave, maternity leave, and bereavementleave, continually improving employee satisfactionand loyalty, and enhancing the Company's cohesionand market competitiveness. Genbyte also adheres toan 8-hour workday and compensates employees forovertime work. Additionally, the Company organizesa variety of cultural and sports activities to promoteemployees' happiness, sense of belonging, and overallsatisfaction.
Democratic Management and Communication
During the reporting period
With an average of 7 days of paid annual leave per
employee
Democratic ManagementGenbyte places great emphasis on democratic management, strictly adhering to the "Labor Union Law of the People's Republic ofChina" and other relevant laws and regulations. The Company has developed the "Employee Representative Election ManagementProcedure" and, through organizing employee representative meetings and establishing union organizations, strictly regulatesthe processes of democratic management and oversight, ensuring that employees fully exercise their rights to participate, expressopinions, and supervise. In addition, the Company has formulated regulations such as the "Employee Complaint ManagementGuidelines," "Employee Suggestions and Feedback Handling Procedure," and "Suggestion Box Usage Management Regulations"to standardize the management of feedback and create an open management atmosphere, enabling timely identification andresolution of issues, thus further enhancing the company's cohesion.
8788
During the reporting period
Female managers accounted for 2% of
management roles
20 employees took maternity leaveMaternity return-to-work rate
Employee Care Initiatives
Genbyte upholds a "people-oriented" philosophy, placing strong emphasis on employees' physical and mental well-being as wellas their quality of life. To foster a greater sense of unity, belonging, and happiness among sta?, the Company regularly organizes avariety of engaging employee activities. In addition, Genbyte has implemented a range of support measures for employees facinghardships and for those entering retirement, ensuring that care and support are provided throughout every stage of an employee'scareer.
"Full Moon, Full A?ection – A Mid-Autumn Celebration"Case Study
In 2024, Genbyte organized aspecial themed event titled "FullMoon, Full Affection – A Mid-Autumn Celebration." The eventaimed to promote traditionalChinese culture, create a festiveatmosphere, and enrich thecultural life of employees throughmeaningful holiday activities.
Mid-Autumn Festival Celebration
Case Study"United in Fun, Stronger Together" Sports Day
Vietnam Subsidiary Sports Day
In 2024, the Vietnam subsidiary hosted a themed sports event titled "United in Fun, Stronger Together." The eventfeatured a variety of entertaining and engaging games aimed at improving employees' physical ?tness, fostering astrong sense of teamwork, and encouraging open communication and camaraderie among colleagues.
Employee SatisfactionGenbyte regards employee satisfaction as a key indicator of e?ective corporate management. The Company has established anEmployee Satisfaction Survey Control Procedure and regularly conducts satisfaction assessments through questionnaires, forums,and other channels to gather employee feedback and understand their needs and expectations. Based on survey results, theCompany actively implements improvements to address issues and enhance both the work environment and bene?ts. In addition,Genbyte has put in place a Labor Dispute and Social Security Responsibility Management Plan and a Long-Term Protection Plan forEmployees Involved in Labor Disputes, ensuring fair and timely handling of disputes.During the reporting period
Employee satisfaction rate
Four labor disputes resolved amicably through negotiation
Protection of Women’s Rights
Genbyte actively promotes gender equality and equal pay for equal work, striving to create a safe, respectful, and equitableworkplace for female employees. In compliance with the Law on the Protection of Women's Rights and Interests of the People'sRepublic of China, the Company has implemented policies such as the Special Protection Procedure for Pregnant, Maternity,and Nursing Women, ensuring full protection of health and leave rights during pregnancy, childbirth, and breastfeeding periods.Genbyte also organizes regular care initiatives for female employees to support their physical and mental well-being and foster awarm and inclusive atmosphere.
International Women's Day EventCase
International Women's Day Celebration Activities
During the reporting period, Genbyte celebrated International Women's Day with a range of activities includinghealth talks and special holiday bene?ts, recognizing the contributions of female employees and strengtheningteam cohesion.
8990
Internal Trainer Mechanism
Training Evaluation and Assessment
Employee Training Programs
Genbyte values the cultivation and selection of internal trainers, encouraging senior employees to become internal trainers toshare their professional knowledge and work experience. The Company aims to build a high-quality, professional internal trainerteam. The internal trainer mechanism helps new employees integrate into the work environment quickly and enhance theirbusiness skills while fostering the inheritance of internal experience and knowledge sharing, creating a positive and proactivelearning atmosphere. Additionally, the Company regularly organizes internal trainer training and exchange activities to enhancethe trainers' teaching abilities and professional skills, ensuring the e?ectiveness of the training programs.
Genbyte has established a comprehensive training evaluation and assessment mechanism to maximize the effectiveness oftraining. The Company uses oral exams, practical assessments, written tests, and other evaluation methods to regularly assess theresults of employee training, understanding their gains and areas for improvement. Based on this feedback, the training contentand methods are adjusted to better meet employees' actual needs.
Genbyte has designed targeted training programs for employees at di?erent positions and levels, including onboarding training fornew employees and professional skills training, to comprehensively improve their professional and overall abilities. New employeeonboarding training focuses on helping new employees quickly integrate into the Company culture, understand Company rulesand regulations, and master essential job skills. Professional skills training is tailored to the needs of di?erent positions, o?ering in-depth business knowledge and practical skills to improve employees' professional standards. Through these training programs, theCompany e?ectively enhances employees' work e?ciency and quality, stimulates their innovative spirit and teamwork awareness,and lays a solid talent foundation for the Company's long-term development.During the reporting period
The company invested a total of rmb
504,100 in employee trainingThe total training duration reached
3,842 hours
Achieving a training coverage
rate of 89%
With each employee receiving anaverage of 2.31 hours of training
With 1,480 participants in totalConducted 75 training sessionsRMB
New Employee Training
"Soaring with the Dragon, Advancing with Momentum" Annual Staff Gala and25th Anniversary Celebration
CaseTo strengthen organizational culture and enhance team performance, the Company hosted a grand annual sta?gala and 25th anniversary celebration under the theme "Soaring with the Dragon, Advancing with Momentum."Centered around the " Dual-Engine Strategy," the events were designed with a systematic, cross-departmentalapproach to foster collaboration. Immersive and interactive experiences empowered participants throughout theprocess, establishing a virtuous cycle of "co-creating culture, co-elevating capabilities, and sharing value."
2024 Annual Gala2025 Anniversary Celebration
Optimizing the Talent PoolEmployee Training SystemTraining Management SystemGenbyte is committed to building a scienti?c and comprehensive employee training system to enhance employees' professionalskills and overall qualities. The Company understands the importance of training for both individual growth and businessdevelopment, and has formulated and implemented the "Employee Training and Career Development Management Procedures,""Competence, Awareness, and Training Control Procedures," and other training management systems to ensure the trainingprocess is well-organized and evidence-based. The Company focuses on integrating business needs with employees' personaldevelopment goals. Training content includes onboarding for new employees, job skill training, and professional development,aimed at improving employees' business capabilities and professional ethics.
9192
Occupational Disease Prevention
Awareness and Training
The Safety Management Organizational Structure
Occupational Hazard Noti?cation Card
Genbyte complies with the Production Safety Law of the People's Republic of China and other relevant laws and regulations, andhas established safety management systems such as the Safety Protection Management Procedure, EHS Management Procedure,and Safety Production Operation Control Procedure to ensure e?ective control of safety risks during production. The Companyhas implemented a safety production responsibility system and established a safety management organizational structure, clearlyde?ning the responsibilities and obligations of all levels of management and employees in safety production, thereby forming acomprehensive safety production management system.
Safety Production Management
General ManagerResponsible for overall leadership and assuming primaryresponsibility, organizing and supervising the implementation ofthe seven responsibilities outlined in the Work Safety Law.
Primary Person in Charge of Safety
Supervises and manages safety e?orts.Coordinates the implementation of the seven key safetyduties and oversees documentation and compliance.Finance DepartmentManages departmentalsafety.Ensures properallocation and exclusiveuse of safety-relatedfunds.
Human Resources andAdministration Center
Responsible for safetywithin its own department.Executes departmentalsafety duties and ensuresquali?ed safety personnelare in place.
Manufacturing CenterOversees departmentalsafety.Develops safetypolicies and operatingprocedures, and carriesout assigned safetyresponsibilities.
Supply Chain CenterManages departmentalsafety and assistsbusiness units withsafety compliance.Coordinates withsuppliers and ensuresrelevant quali?cationdocuments are provided.
R&D CenterResponsible for its ownsafety management.Develops safetymanagement proceduresand operational protocolsand ful?lls departmentalsafety obligations.
SMT Workshop
Oversees workshop safety.Implements safetyregulations, is familiarwith emergency responseprocedures, and promptlyreports any production-related incidents.
DIP Workshop
Manages workshop safety.Enforces safety protocols,understands emergencyhandling procedures,and reports any incidentswithout delay.
Engineering Department
Responsible for departmentalsafety.Ensures daily maintenanceof production equipmentand conducts routinesafety hazard checks andremediation.
Quality DepartmentHandles departmental safety.Follows safety protocols,understands emergencyprocedures, and promptlyreports safety-relatedincidents.
Safety Management Organizational Structure
Employee Promotion
Genbyte has established management systems such as the Employee Training and Career Development Management Procedureto de?ne clear processes and standards for employee promotion. These systems aim to regulate career development practicesand ensure that every employee has equal and fair opportunities for advancement. Additionally, the Company has formulatedan Internal Job Posting Policy to continuously enhance employees’ personal qualities and skills, maximize their initiative andcreativity, and standardize the selection and transfer of personnel within the organization.
Safe and Healthy Production
Occupational Health and SafetyGenbyte has established an occupational health and safety policy centered on "Compliance withlaws and regulations, prevention of occupational hazards; protection of employee rights, andbuilding a better life together." The Company has implemented various occupational health andsafety management systems, including the Occupational Health and Safety Operation ControlProcedure, Medical Health and Occupational Disease Prevention Procedure, Occupational DiseasePrevention Management Regulations, Occupational Disease Prevention and Control Procedure, andLabor Protection Equipment Control Procedure, to provide clear guidance for all employees.Additionally, the Company engages third-party agencies to regularly inspect and assess workplaceoccupational hazard factors, producing an Occupational Hazard Detection and Evaluation Report.Employees are also equipped with protective gear such as earplugs, safety goggles, dust masks,and safety shoes.During the reporting period, the Company successfully passed the ISO 45001:2018 OccupationalHealth and Safety Management System certi?cation.
Occupational Healthand Safety Management
System Certi?cation
During the reporting periodThe Company invested 225,400 yuanin work-related injury insuranceAnd the quali?cation rate for hazard
monitoring was also
No new occupational disease cases
were reported
The coverage rate for employeehealth check-ups reached
The coverage rate for employeehealth check-ups reachedRMB
Level 1Level 2Level 3Level 4Level 5Level 6
Probation PeriodJunior Engineer / Junior Specialist
Deputy GeneralManagerDepartment DirectorDepartment ManagerDepartment SupervisorIntermediate Engineer /Intermediate SpecialistSenior Engineer / SeniorSpecialistExpertSenior ExpertProfessional TrackManagement Track
Talent Development Pathway
9394
Electric Shock Emergency Drill
In 2024, an electric shock emergency drill wasconducted in the SMT workshop. The drill combinedon-site explanation with hands-on practice,allowing employees to gain a deeper understandingof emergency response procedures for electricshock incidents, including CPR and other first aidtechniques. This signi?cantly improved their ability torespond to unexpected emergencies.
Electric Shock Drill
Case Study
Hazardous Chemicals ManagementGenbyte has established strict management procedures for hazardous chemicals through the implementation of policies such asthe Hazardous Chemical Control Procedure. These regulations cover every aspect of hazardous chemicals management, includingprocurement, handling, storage, usage, and disposal.A dedicated chemical warehouse has been set up, sta?ed with trained safety management personnel to ensure storage conditionsmeet safety standards, thereby minimizing risks such as leaks and ?re incidents. Regular inventory checks and inspections areconducted to promptly handle expired or discarded chemicals, reducing environmental risks and safeguarding employee health.Additionally, the Company places strong emphasis on employee training related to hazardous chemical safety. These e?orts aim toenhance awareness and emergency handling capabilities among sta?.
Workshop Explosion-Proof Cabinet
During the reporting period
The Company invested RMB 707,000
in safety production
There were zero safety production accidents, zero work-related
fatalities, and zero total work injuriesRMB
Safety Production Goals
Safety Management Measures
To implement the principle of "safety ?rst, prevention ?rst, and comprehensive governance," prevent major accidents, reduce theoccurrence of various accidents, and achieve safe production, the Company has formulated the "Safety Production ResponsibilityAssessment and Reward/Punishment System" and organized employees to sign the "Safety Production Responsibility Letter" toensure the implementation of safety production responsibility and goal management. The Vice General Manager and DepartmentDirectors hold leadership responsibility for the safety work of their respective departments and are the primary responsible personsfor safety production in their departments. Department Managers are responsible for the safety work within their departments andare the ?rst responsible persons for safety production.
Genbyte has established various emergency response plans for production safety, such as the Production Safety AccidentEmergency Plan and the Emergency Preparedness and Response Control Procedure. The Company regularly organizes emergencydrills to enhance employees' emergency response capabilities as well as their abilities in self-rescue and mutual aid.In addition, a Production Safety Accident Emergency Command Center has been established, which takes full responsibility for thecoordination and command of emergency response e?orts to ensure swift and e?ective action in the event of an incident.A comprehensive Safety Hazard Identification and Rectification System has also been implemented to handle daily safetyinspections and hidden danger identi?cation. This ensures that all safety equipment in production areas remains functional ande?ective, and that potential hazards are promptly addressed and eliminated.
Genbyte Safety Production Goals
GoalOccupational disease occurrence rate: 0
Work-related injury/death: 0Potential explosion hazards: 0Special operation personnel with certi?cates: 100%Environmental and safety training completion rate: 100%
AchievedAchievedAchievedAchievedAchieved
During the reporting period
The Company's safety hazard recti?cation rate reached A total of 8 emergency drills were conducted
Achievement Status
9596
Fire Safety Drill
In 2024, Genbye held a fire emergency drill in collaboration with professional firefighters. The training includedtheoretical instruction and hands-on practice in fire prevention, escape procedures, and proper use ofextinguishers. A simulated fire scenario allowed employees to engage directly with firefighting equipment andevacuation techniques, signi?cantly enhancing their safety awareness and teamwork during emergencies.
Fire Safety Drill
Case
Posted Safety Warning Signage
Public Walfare Commitment
Social Welfare
Genbyte is committed to fulfilling its corporate social responsibilities and actively participates in public welfare initiatives.The Company works hand-in-hand with local communities to support public service projects and volunteer activities, whileencouraging employee engagement in community service and recognizing those who make notable contributions.Guided by the concept of "Green Technology for the Greater Good," Genbyte builds its social contribution e?orts on three pillars:
technological innovation, environmental stewardship, and talent development. The Company continues to promote greenmanufacturing, create job opportunities, and support community development, aiming to generate lasting value for society.
Hazardous Chemical Spill Emergency DrillCaseIn 2024, Genbyte conducted a hazardous chemical spill emergency drill, simulating a chemical leakage scenario inthe workshop. The drill included training on emergency response procedures when chemicals come into contactwith the skin or eyes. During the drill, the response team promptly activated emergency protocols, using the on-siteshower and eyewash station to rinse for 15 minutes while simultaneously evacuating personnel and sealing o? thea?ected area.This drill significantly enhanced employees'familiarity with emergency equipment operation and teamworke?ciency, ensuring that in real incidents, quick and coordinated responses can e?ectively minimize injury risks.
Hazardous Chemical Spill Drill
Safety Assurance for Stakeholders
Safety Culture Development
Genbyte has implemented systems such as the Stakeholder Control Procedure and Contractor Management Procedure to ensurethe safety of all stakeholders operating within or alongside the company. These systems clearly de?ne requirements for stakeholderpre-quali?cation, training, on-site supervision, performance evaluation, and the identi?cation and communication of hazards.By actively managing these elements, the Company ensures that occupational health and safety risks associated with stakeholderactivities are e?ectively controlled. Through joint e?orts, Genbyte and its stakeholders continuously enhance safety performanceto meet the requirements of the Company's occupational health and safety management system.
Genbyte considers safety culture a core part of corporate management and has established the Competency Training andAwareness Management Procedure. The Company organizes regular safety trainings covering hazard identification, emergencyresponse procedures, and the proper use of personal protective equipment.E?orts such as safety assessments, ?re safety inspections, emergency training manuals, and safety signage postings ensure thatemployees remain alert and capable of preventing accidents in the workplace.
Safety training sessions heldTotal participantsTotal training hours
Safety training coverage rateRisk prevention training coverage rate
During the reporting period
9798
New jobs created
Public welfare contributionsRMB
2024 “Charitable Enterprise”
Honor Plaque"Belt and Road Initiative"Genbyte actively supports China's "Belt and Road Initiative" by leveraging its strengths in smart controllers and new energytechnologies. Through overseas investment, technology export, and localized operations, the Company is deeply integrated intoinfrastructure development and industrial upgrading e?orts in BRI-participating countries.
Investment, Achievements, and Future Plans under the BRI
Genbyte invested approx. RMB 150 million to build a modernmanufacturing base in Ho Chi Minh City.Introduced advanced domestic production lines for smartcontrollers and new energy technologies to serve the Vietnameseand European-American markets.Over 90% of employees are local hires, with ongoing technical andvocational training to support talent development.Partnered with Vietnamese industry players by offering smartcontroller solutions to enhance product competitiveness and driveindustrial upgrades.The Vietnam subsidiary achieved RMB 320 million in revenue in 2024,becoming a key growth driver for the Company's global business.
Genbyte plans to establish production facilities in additionalcountries and regions, further expanding the global reach of itssmart controller and new energy technologies.At the same time, the Company is exploring joint e?orts with localgovernments and enterprises to develop green industrial parks,supporting the long-term sustainable growth of regional economies.Genbyte is adopting international ESG (Environmental, Social, andGovernance) standards to improve environmental practices andsocial responsibility management at its overseas facilities.The successful model in Vietnam will be replicated in other BRIcountries, establishing a responsible “Technology and Investment”global growth strategy.
Deepening BRI ExpansionEnhancing ResponsibilityStandardsGlobal Tech Empowerment
Vietnam SubsidiaryConstructionTechnology ExportLocalized OperationsEmpowering Local IndustryEconomic ImpactSocial Impact
Technology transfer and infrastructure investment improvedquality of life and strengthened community recognition of Chineseenterprises.
Investment
Impact
Future Outlook
During the reporting period
99100
Looking ahead, Genbyte will pursue a core strategy of "technology-driven innovation andglobal expansion" to seize opportunities and boldly face emerging challenges. Despiteuncertainties in the market environment, we firmly believe that with our robust R&Dcapabilities, comprehensive global footprint, and strong customer base, the Company willcontinue to make breakthroughs in technological advancement, market development, andcapacity expansion.We will maintain a sharp focus on our core business, drive innovation, optimize our productportfolio, and enhance market competitiveness. In parallel, we will continue implementing ourequity incentive plan and re?ne the shareholding structure to build a solid foundation for long-term, healthy growth. On the ESG front,Genbyte will actively align with global sustainabilitytrends by increasing investment in green technologies, promoting energy efficiency andemission reduction, and ful?lling our corporate social responsibilities.We remain committed to employee well-being, fostering an inclusive and diverse corporateculture to strengthen team cohesion and innovation. By continuously improving ourgovernance framework and enhancing transparency and compliance, we strive to become atrusted partner and a respected industry leader.In the future, Genbyte will embrace change with greater openness, break industry boundaries,and build a collaborative and innovative ecosystem. We are ready to step out of our comfortzone and face challenges head-on. We believe that by anchoring long-term value amiduncertainty and redefining our competitive edge through adversity, we can rise above the?erce competition and write a new chapter in our company’s journey.
Future Outlook
101102
Explanation of Data Scope: Except for compliance training and business ethics data, which pertain solely to Genbyte's headquarters, all other data are based onconsolidated nancial statements.
Total Energy ConsumptionEnergy IntensityDirect Energy ConsumptionGasoline ConsumptionDiesel ConsumptionLPG ConsumptionIndirect Energy ConsumptionPurchased Electricity
RMB 10,000CasesSessionsPeople TimesHoursTons of Standard Coal
Tons/10M RevenueTons of Standard Coal
10,000 Liters10,000 LitersTonsTons of Standard Coal10,000 kWh
Tons
Tons/10M Revenue
TonsTonsTonsTons
%TonsTonsTons
Tons/10M Revenue
10,000 m?10,000 m?/10M Revenue
Tons
KilogramsTonsTons/10M Revenue
961.12
0.93
138.60
4.84
3.79
22.82
822.52
669.26
455.26
0.44
334.53
99.29
21.44
150.90
88.26
64,12264,12264,122
62.10
30,369.70
29.41
//
9.10
0.0088
34.83
3,0561,555.5
Total Packaging Material UsedPackaging Material IntensityPaper-based PackagingPlastic PackagingOther Packaging MaterialsRecycled Packaging MaterialsPackaging Recycling RateFreshwater WithdrawalFreshwater ConsumptionTotal Water ConsumptionWater IntensityTotal Air EmissionsEmission IntensityVolatile Organic Compounds (VOCs)Tin and CompoundsNon-hazardous Waste GeneratedNon-hazardous Waste Intensity
Total Environmental ProtectionInvestmentEnvironmental ViolationsNumber of Environmental TrainingsTraining ParticipantsTotal Training Hours
EnvironmentalProtection
Energy
PackagingMaterialConsumption
WaterResources
AirEmissions
SolidWaste
43.72
3,4841,9021,094.15
0.92
143.46
5.33
3.60
24.00
950.69
773.55
1,255.60
1.06
1,038.06
159.03
58.51
89.54
91.41
102,441.16102,441.16102,441.16
86.16
45,761.26
38.49
0.49
0.28
10.80
0.0091
67.42
3,8282,3591,385.80
1.04
165.80
6.20
4.26
26.75
1,220.00
992.68
1,072.95
0.81
801.24
195.92
75.79
93.84
98.38
123,438.46123,438.46123,438.46
92.96
67,123.98
50.55
1.01
0.34
28.80
0.0217
IndicatorUnit202220232024
Environmental Performance
AppendixKey Performance Indicators
Operating RevenueNet Pro?tTotal Tax Contribution
Number of Board Meetings HeldResolutions Approved by the BoardNumber of Board MembersNumber of Independent DirectorsNumber of Female Directors
Signing Rate of Integrity and EthicsDeclarationsNumber of Anti-Corruption ComplaintsNumber of Corruption Cases Filed andClosedAmount Involved in Unfair Competitionor Administrative Penalty
Number of Legal Training Sessions
Number of SupervisorsNumber of Supervisory Board MeetingsHeldResolutions Approved by SupervisoryBoard
Number of Onsite Investor VisitsNumber of Investors Received OnsiteInteractions with Investors via OnlinePlatformInvestor Open Communication SessionsNumber of Penalties for DisclosureViolations
Number of Shareholders' MeetingsHeldResolutions Approved atShareholders' Meetings
Total Compensation for Directors,Supervisors, and Executives
InvestorRelations
BusinessEthics
InformationDisclosure
ComplianceTrainingExecutiveCompensationBoard ofSupervisors
Board ofDirectors
Shareholders’Meetings
EconomicPerformance
10,000 RMB10,000 RMB10,000 RMBTimesItemsTimesItemsPersonsPersonsPersonsPersonsTimesItems10,000 RMBTimes%CasesCases10,000 RMBTimesPersonsTimesTimesTimes
104,211.0417,060.603,938.02
826.22
//
122,577.1020,800.383,496.62
1,076.85
140,193.1120,329.392,331.20
1,162.18
IndicatorUnit202220232024
Governance Performance
Explanation of Data Scope: Except for compliance training and business ethics data, which pertain solely to Genbyte's headquarters, all other data are based onconsolidated nancial statements.
103104
Product Performance
Innovation-driven
ProductQuality
CustomerService
DataSecurity andCustomerPrivacyProtection
Number of E?ective Patents per 10 MillionRevenueCumulative Number of Software CopyrightsCumulative Number of TrademarksNational High-tech Enterprise StatusProduct Pass RateNumber of Annual Internal Quality AuditsNumber of Third-Party InspectionsProduct Recall QuantityProducts Recalled for Health and SafetyReasonsAmount Involved in Major Safety andQuality AccidentsNumber of Quality Training SessionsTotal Duration of Quality TrainingNumber of Quality Training SessionsNumber of Customer ComplaintsNumber of Complaints ResolvedComplaint Resolution RateCustomer SatisfactionNumber of Customers Participating inSurveySurvey Participation RateNumber of Valid Customer SatisfactionSurveysNumber of Response Evaluations forCustomer ComplaintsResponse Evaluation Pass RateAmount Involved in Data Security/Customer Privacy BreachesNumber of Customer InformationBreachesNumber of Veri?ed Complaints InvolvingPrivacy Invasion or Loss of CustomerDataCon?rmed Cases of Customer DataLeakage, Theft, or LossNumber of Data Security/CustomerPrivacy Protection Trainings
PiecesItemsItemsCount
TimesTimes
%%Persons
%CopiesTimes%
92.73
12.36
92.23
11.26
94.45
12.36
%TimesTimesPiecesPieces
RMB10,000Sessions
HoursSessions
98.49
1,6783,356
99.07
1,7413,482
99.20
1,9523,904
0.0758
0.0718
0.0756
IndicatorUnit202220232024
RMB 10,000
Pieces
Pieces
Pieces
Times
Environmental Performance
Product Performance
Non-hazardous Waste DisposedWaste PlasticWaste PaperHazardous Waste GeneratedHazardous Waste IntensityHazardous Waste DisposedWastewater from Cleaning (HW17)Waste Organic Solvents (HW06)Waste Activated Carbon (HW49)Waste Containers (HW49)Waste Detergents (HW06)Waste Conformal Coating (HW12)Waste PCBs (HW49)Waste Fluorescent Lamps (HW29)Waste Mineral Oil (HW08)Compliance Rate for Waste Disposal
TonsTonsTonsTonsTons/10M Revenue
TonsTonsTonsTonsTonsTonsTonsTonsTonsTons
%
9.10
3.40
5.70
40.06
0.0388
40.06
18.58
8.26
4.64
3.66
3.16
1.75
///
10.80
4.60
6.20
43.88
0.0369
43.88
/
7.32
15.61
2.70
18.37
/
0.04
0.01
/
28.80
12.70
16.10
39.76
0.0299
39.76
/
8.01
14.68
3.09
13.94
///
0.04
R&D InvestmentR&D Investment as a percentage ofrevenueNumber of R&D PersonnelR&D Personnel PercentageSales Revenue from New ProductsCumulative Number of Patents GrantedNumber of Patent ApplicationsCumulative Number of Invention PatentsGrantedCumulative Number of Utility ModelPatents GrantedCumulative Number of Design PatentsGranted
RMB 10,000
%Persons
%RMB 10,000
ItemsItemsItemsItemsItems
6,068.82
5.82
16.14
51,367.10
7,894.16
6.44
15.58
54,101.30
8,616.28
6.15
14.48
39,820.70
Innovation-driven
IndicatorUnit202220232024
IndicatorUnit202220232024
Explanation of Data Scope: Except for compliance training and business ethics data, which pertain solely to Genbyte's headquarters, all other data are based onconsolidated nancial statements.
105106
Employee Performance
Employees with Bachelor's DegreeEmployees with Master's DegreeEmployees with Doctorate Degree
PersonsPersonsPersons10,000 RMB
sessionsemployeesattendances%hourshours/employee
hours/
employee
hours/
employee
hours/
employeehours/
employee
hours/
employee
hours/
employeehours/
employee
hours/
employeehours/
employeehours/
employeehours/
employee
4.6
3.7
8.6
3.2
3.7
3.2
5.9
2.9
5.3
8.7
3.6
6.5
39.27
1,0001,167
2,415
2.07
45.64
1,3501,520
2,668
1.76
50.41
1,3501,662
3,842
2.31
Employee Training InvestmentNumber of Training SessionsTotal Number of Employees TrainedTotal Training AttendancesTraining Coverage RateTotal Training HoursAverage Training Hours per EmployeeAverage Training Hours for FemaleEmployeesAverage Training Hours for MaleEmployeesAverage Training Hours for SeniorManagementAverage Training Hours for MiddleManagementAverage Training Hours for FrontlineEmployeesAverage Training Hours for ProductionSta?Average Training Hours for TechnicalSta?Average Training Hours for Sales Sta?Average Training Hours for Finance Sta?Average Training Hours forAdministrative Sta?Average Training Hours for OtherEmployees
EmployeeTraining andDevelopment
EmployeeStructure
IndicatorUnit202220232024
Employee Medical Examination Coverage RateInvestment in Safe ProductionTotal Investment in Safety TrainingNumber of Safety Training SessionsTotal Participation in Safety TrainingTotal Duration of Safety TrainingSafety Training Employee Coverage RateSafety Risk Prevention Training Coverage RateNumber of Safety Accidents
%RMB 10,000RMB 10,000
SessionsPersons
Hours
%
%Cases
68.85
2,95170,824
69.02
3,08474,016
70.7
3,27878,672
OccupationalHealth andSafety
Data Security/Customer Privacy ProtectionTraining Coverage RateAverage Duration of Data Security/PrivacyProtection Training
Data Securityand CustomerPrivacyProtection
SupplierManagement
%HoursCountCountCountCount%%
43.04
54.43
51.75
Total Number of SuppliersSuppliers with Quality ManagementSystem Certi?cationSuppliers with EnvironmentalManagement System Certi?cationSuppliers with Occupational Health andSafety Management System Certi?cationSupplier Integrity Agreement SigningRateLocal Supplier Procurement ExpenditureRatio
IndicatorUnit202220232024
Product Performance
Employee Performance
EmployeeRightsProtection
EmployeeStructure
Labor Contract Signing RateMinority Ethnic EmployeesTemporary Labor PersonnelFemale Employees in ManagementEmployees Taking Maternity LeaveMaternity Leave Return RateAverage Paid Annual Leave DaysEmployee Complaints ReceivedEmployee SatisfactionTotal Number of EmployeesMale EmployeesFemale EmployeesEmployees Aged 30 and BelowEmployees Aged 30-40 (inclusive of30, exclusive of 40)Employees Aged 40-50 (inclusive of40, exclusive of 50)Employees Aged 50 and AboveEmployees with Below CollegeEducationEmployees with College Education
PersonsPersonsPersonsPersonsPersonsPersonsPersonsPersonsPersons
1,369
1,906
1,202
1,390
2,2591,1031,156
1,091
1,619
%PersonsPersons
%Persons
%DaysCases
%
6.1
6.5
IndicatorUnit202220232024
107108
Indicator IndexGRI (Global Reporting Initiative) Standards Index
About This ReportMessage from the ChairmanKey ESG PerformanceAbout Genbyte IntelligentStrengthening ESG Management
2-2 / 2-3 / 2-4
2-22201-1 / 405-12-1 / 2-6 / 2-92-9 / 2-14 / 2-16 / 2-17 / 2-29 / 3-1 / 3-2 / 3-3
2-9 / 2-10 / 2-12 / 2-19 / 2-20 / 2-27 / 405-1
2-27 / 201-1 / 207-12-26 / 2-27 / 2-292-27 / 205-2 / 205-3 / 206-1 201-2 / 305-1 / 305-2 / 305-4
2-272-27 / 303-2 / 303-4 / 306-2 / 306-32-27 / 301-1 / 302-1 / 302-3 / 302-4 / 303-3 / 303-5
/
2-272-27 / 203-2 /2-27 / 416-1 / 416-22-27 / 417-1 / 417-2
2-27 / 418-12-6 / 2-27 / 308-1 / 414-12-7 / 2-27 / 401-1 / 401-2 / 405-12-27 / 404-1 / 404-22-27 / 403-1 / 403-2 / 403-3 / 403-5 / 403-6 / 403-7 / 403-9 / 403-10
203-1 / 203-2 / 413-1
/ /
Climate Change Response Green EnvironmentBuildingPollution ControlResource E?ciencyEmpowering Green OperationsBiodiversity ProtectionTechnological InnovationDigital Intelligence DevelopmentProduct Quality ImprovementCustomer Rights ProtectionData and Privacy ProtectionResponsible Supply ChainLabor Relations ManagementTalent DevelopmentHealth and Safety at WorkPublic Welfare Commitment
Robust Corporate Governance Complianceand Risk ControlInvestor Relations ManagementBusiness Ethics Practices
Compliance-drivenSustainableDevelopment
GreenCommitment,Ecological Vision
SmartEmpowerment,InnovationLeadership
BuildingTogether for aBetter Future
Future OutlookAppendix
Report ChapterCorresponding GRI Standards
Number of Work-Related DeathsTotal Number of Work-Related InjuriesTotal Workdays Lost Due to Work-RelatedInjuriesWork Hour Loss Rate per Million Hours WorkedHazard Recti?cation RateNumber of Safety Emergency DrillsInvestment in Work Injury InsuranceInvestment in Safety Production LiabilityInsuranceSafety Production Liability InsuranceInvestment RateOccupational Disease Hazard Factor TestingRateOccupational Disease Hazard Factor MonitoringPass RateNew Occupational Diseases
PersonsPersons
Days%%TimesRMB 10,000RMB 10,000
%%%Cases
97.2
6.91
/
97.8
9.40
3.10
98.1
22.54
1.55
OccupationalHealth andSafety
IndicatorUnit202220232024
Employee Performance
109110
Reader Feedback
Dear Reader:
Thank you for taking the time to read this report. In our ongoing e?orts to provide more complete, professional, and valuable ESGinformation to you and other stakeholders-and to further improve the quality of our ESG reporting-Genbyte sincerely invites yourfeedback on this report to support our progress in sustainable development.
1. Your identity in relation to Genbyte Intelligent:
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4. How would you evaluate the design and layout of this report?
6. Do you have any comments or suggestions for improving our ESG report or ESG practices?
You can contact us via:
Phone: +86-755-86267201Email: genbyte@genbytech.comAddress: 1st–6th Floor, Building No.4, Huahong Xintong Industrial Park, Intersection of Genyu Road and Nanming Road, YutangSubdistrict, Guangming District, Shenzhen, China
Climate Change ResponsePollutant EmissionsWaste ManagementEcosystem and Biodiversity ProtectionEnvironmental Compliance ManagementEnergy UtilizationWater Resource UtilizationCircular EconomyRural RevitalizationSocial ContributionInnovation-Driven DevelopmentTech EthicsSupply Chain SecurityFair Treatment of SMEsProduct and Service Safety and QualityData Security and Customer Privacy ProtectionEmployeesDue DiligenceStakeholder EngagementAnti-Corruption and Anti-BriberyAnti-Unfair Competition
Articles 21–28Article 30Article 31Article 32Article 33Article 35Article 36Article 37Article 39Article 40Article 42Article 43Article 45Article 46Article 47Article 48Article 50Article 52Article 53Article 55Article 56
Responding to Climate ChangeStrengthening Pollution ControlStrengthening Pollution ControlProtecting Ecological DiversityBuilding a Green EnvironmentComprehensive Resource UtilizationComprehensive Resource UtilizationComprehensive Resource UtilizationFul?lling Social ResponsibilityFul?lling Social ResponsibilityTechnology-Driven InnovationTechnology-Driven InnovationResponsible Supply ChainResponsible Supply ChainEnhancing Product Quality, Customer Rights Protection
Data and Privacy ProtectionLabor Relations Management, Talent Development,
Occupational Health and Safety
ESG Governance Framework
Stakeholder Communication
Upholding Business Ethics
Upholding Business Ethics
Guideline Topics Corresponding Articles Corresponding Sections in the ReportIndex to the Shenzhen Stock Exchange Listed Companies'Self-Regulatory GuidelinesNo. 17 – Sustainability Reporting (Trial Version)