JOYSON ELEC 2025 Sustainability Report: Revenue Up 9.5%, R&D Spend Tops RMB4.42 Billion, Sets 2040 Carbon-Neutral Target

JOYSON ELEC’s fifth Sustainability Report details solid growth and tightened ESG targets for the year ended 31 December 2025.

Revenue and Size • Full-year revenue rose 9.50% to RMB61.20 billion. • Global headcount reached 44,142 across 25 R&D centres and 60+ manufacturing sites; JOYSON ranks 37th among global auto-parts suppliers by revenue.

R&D and Innovation • R&D expenditure increased to RMB4.42 billion, equal to 7.22% of revenue. • The Group holds about 3,500 patents; 5,895 employees (13.35% of workforce) work in R&D. • First-in-class commercialisation achievements highlighted include 5G-V2X and 800V high-voltage platform products.

Climate Targets and Performance • Aiming for carbon neutrality across core operations (Scope 1+2) by 2040. • 2025 Scope 1+2 emissions (market-based) fell 7.17% year-on-year to 206,003 tCO₂e; intensity down 6.60%. • Renewable-energy consumption reached 248,089.73 MWh, 33.91% of total energy, cutting 102,135 tCO₂e. • Energy-management, water-use and waste-reduction targets set for 2030; 23 plants now run on 100% clean power and 10 sites have achieved operational carbon neutrality.

Governance and Compliance • Fortified four-layer ESG governance structure; Board reviews climate and nature-related targets annually. • No material cases of corruption, anti-monopoly or information-security violations reported; 100% of employees covered by business-ethics training.

Supply-Chain Oversight • Joined Responsible Business Alliance and Responsible Minerals Initiative; all new direct suppliers screened via due-diligence platform. • Supplier performance audits now cover labour rights, environment and business ethics.

Workforce and Training • Total training investment: RMB23.94 million; 96.60% employee training coverage, averaging 12.81 hours per person. • Lost-time-injury rate improved 9% to 0.24 per 200,000 hours; occupational-health system covers all employees.

Capital-Market Milestones • November 2025: dual-listed JOYSON ELEC completed Main Board listing on the Hong Kong Stock Exchange. • ESG recognitions include EcoVadis Silver Medal and inclusion in S&P Global Sustainability Yearbook (China Edition) as “Industry Mover”.

Looking Ahead The Group will accelerate renewable-energy deployment, target a 6% cut in water-withdrawal intensity and waste-generation intensity by 2030, and maintain R&D at above 7% of revenue while steering its product mix further toward electrification, intelligent safety and sustainable materials.