新 希 望(000876):2024年可持续发展报告（英文版）
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时间：2025年06月30日 17:21:06 中财网 |
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原标题:
新 希 望:2024年可持续发展报告（英文版）
Message from the Chair
Upholding Unwavering Responsibility to Embrace New-Era Challenges
About Us
| | Profiting farmers and benefiting
food consumers |
| | Becoming a leader in farming
and food industries |
| | |
has become a major driver of the country’s economic transformation, the harmonious coexistence of humanity and nature.
helping to steer the national economy toward higher quality, greater efficiency, enhanced equity, improved sustainability, and stronger Industry Position
security. At this pivotal moment, we remain true to our corporate mission Our commitment to people’s well-being reflects the essence of our of "benefiting farmers and serving consumers." We are committed to social responsibility. As we look back on 30 years of dedication to the embedding sustainability more deeply into every facet of business Guangcai Program, we continue to serve as a trusted force in poverty decision-making and operational management, working hand in hand New Hope Group Co., Ltd. New Hope Liuhe Co., Ltd.
alleviation. In support of China’s rural revitalization strategy, we have
Fund, and offer training programs for management and professional We uphold the Board’s overall leadership in ESG and strive to enhance roles, including reserve cadres and veterinarians, to support their the independence and professionalism of the Board’s decision-growth and career development. During the devastation caused by making in accordance with the law, supporting the Company’s healthy a super typhoon in Southeast Asia, the Company’s branches in the development and high-quality, stable growth through sound corporate Philippines, Vietnam, and Bangladesh assisted affected farmers in governance. We adhere to business ethics and maintain a fair and getting back to work and rebuilding their lives. Domestically, the Hope transparent market order. Through collaboration with stakeholders, and Wish Plan fulfilled the wishes of students for the 8th consecutive we strive to create a sustainable future in economic development and Operating Performance
year, and the poverty-relief pig farm in the deep mountains celebrated business practices.
its 6th year of delivering dividends. The Warm Winter Campaign entered its 11th year in Xizang, once again bringing hope and warmth
achieved key breakthroughs, with multiple core technologies and new global dynamics. Embracing the wartime spirit of "stand
Tree of Hope ESG Strategy
Sustainable Development Management
| | Sustainable
Development Goals | Key Issues
Human Capital
Development | | | | | |
| | | Corporate Governance
and Business Ethics | Comprehensive audits conducted: 126
Coverage rate of anti-corruption training for directors and
middle and senior management: 100%
Sunshine Culture Festival events organized: 24, engaging
3,786 participants | | | | |
| Flourishing
Branches
- Driving
Development | | Product Responsibility | Attendances in quality training: 4,297
Product recall incidents and negative product events: 0
Customer complaint handling rate: 100% | | | | |
| | nal Structure
Board of Directors | | | | | | |
| | | | | | | Digitalization and
Technological
Innovation | R&D investment: RMB 270.2823 million
Scientific and technological innovation platforms
maintained at various levels: 79
Cumulative valid patents: 1,426 |
| | Strategy and
Sustainable
Development
Committee | This committee guides and reviews the Company's overall ESG philosophy, management performance
targets, implementation plans, major projects, and identification and prioritization of ESG issues.
It monitors and reviews progress towards goals, provides recommendations for actions needed to
achieve objectives, and reports to the Board of Directors.
The committee reviews and approves the Company's annual sustainability report, ensuring alignment
with expectations and requirements of investors, regulators and other stakeholders. | | | | | |
| | | | | | | Sustainable
Supply
Chain | Total number of qualified suppliers: 4,696
Percentage of suppliers assessed: 100%
Number of suppliers that proposed and completed
improvement measures: 21 |
| The
Management
Body | ESG
Management
and Supervisory
Group | This group is led by the Board Secretary, with members comprising senior management from ESG-
related functional departments.
The group formulates ESG strategy, identifies and manages ESG opportunities and risks. It determines
the materiality of ESG matters, incorporates them into operational considerations, sets ESG objectives
and plans, and regularly reviews ESG performance. | | | | | |
| | | | | | | Ecological Farming | Total investment in environmental protection (excluding
depreciation): RMB 152.6553 million
Fermented manure fertilizer produced: 104,800 tons;
Reclaimed water for irrigation: 15.7532 million tons
Biological carbon sequestration through nutrient recycling
land: approximately 94,500 tons of CO equivalent
2 |
| | ESG Working
Group | This group supports the ESG Management and Supervisory Group in executing its responsibilities,
including organizing ESG objectives, strategic planning, and annual work plans. It coordinates ESG
risk and opportunity assessments and ESG issue identification, develops action plans with various
functional departments, branches, and subsidiaries, monitors their progress, and manages ESG-
related information disclosure. | | | | | |
| | | | | | | Climate
Change
Response | Photovoltaic power generation: 11.7468 million kWh
Participated in carbon asset development, providing
182,500 tons of carbon credits, with approximately 160,000
tons pending issuance.
Greenhouse gas emission intensity: 11.59 tons of CO
2
equivalent/RMB 1 million revenue |
| | Functional
Departments/
Branches and
Subsidiaries | | | | | | |
| | | | | | | Promoting
Nutrition
Accessibility | Launched M-NRC animal vitamin and trace element nutrition
standards, introducing the Xiwangxin product series.
Received second prize in the Qingdao Science and
Technology Progress Award for the functional fiber-
regulated intestinal health nutrition program.
Secured antibiotic-free certification for 60% of pig
slaughterhouses. |
| | | | | | | | |
| | | Community
Engagement and
Development | | | | | |
Honors & Recognitions
| | | 2024 Rural Revitalization Leading Brand in Social
Responsibility | | | | |
| China Association for Public Companies | | | | | | |
| | | | | National Business Daily | | |
| | | | | | | Easy-board, Value Online |
| | | China Agricultural Film and Television Center,
Rural Revitalization Empowerment Program
Organizing Committee | | | | |
② The positive and negative impacts of each issue were integrated into the dimension of impact materiality, and their level of impact was assessed
based on the survey results.
Materiality Assessment of ESG Issues
Materiality Matrix of New Hope Liuhe
Double Materiality analysis
high
To accurately identify and assess material issues, New Hope Liuhe conducted a double materiality assessment in 2024 based on sustainability
disclosure standards, including the Self-Regulatory Guidelines No. 17 for Companies Listed on Shenzhen Stock Exchange— Sustainability Report (For
Product quality and safety
Trial Implementation). The assessment incorporated input from various stakeholders to determine key material issues, which are specifically disclosed
and addressed in this report. The Company will continue to enhance its sustainability management practices to better meet stakeholder expectations
and concerns.
Production safety and occupational health
Environmental
management system
Dual Materiality Issues Assessment
Pollution and waste
| | |
| Stakeholder
Step 2
Communication and
Materiality Analysis | Following the principle of double materiality, the Company carried out both impact materiality
assessments and financial materiality assessments. Key stakeholders engaged in this process
include the Board of Directors, senior management, employees, customers, suppliers, investors,
regulatory authorities, the media, and the public. |
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Stakeholder Communication
| | Sc
Upstream
of the Value
Chain
√ | ope of
Company
Operations
√ | Impac
Downstream
of the Value
Chain
√ | Communities
√ | Impact
Duration
Long
term | Risks and Opportunities
Establishing a sound quality management
system for feed production and pig
farming processes helps ensure the
delivery of high-quality products to
customers and contributes to expanding
market share.
Quality issues may lead to significant
economic losses, including potential
product recalls. | | | | | |
| | | | | | | | | | | Issues of Concern
Compliance and risk management
Pollution and waste management
Water use and management
Climate change and energy management
Biodiversity conservation
Rural revitalization and social contributions
Production safety and occupational health
Product quality and safety
Community relations management | |
| Customer
service
management | | √ | √ | | Long
term | Deterioration in customer relationships
may lead to customer attrition, thereby
affecting the Company's market
performance.
Strong customer relationships support
business growth and create new
commercial?opportunities | Continue to enhance service quality by enriching
pre-sale, in-sale, and after-sale service offerings,
implement tiered and categorized customer
management, and ensure smooth communication
channels.
Conduct regular customer satisfaction surveys,
establish a complaint handling process, and
respond promptly to customer feedback.
For more information, please refer to the
"Improving Service Quality" section. | | | | |
| | | | | | | | | | Shareholders
&
Investors | Corporate governance
Protection of investor rights and interests
Business ethics and anti-corruption
R&D innovation and technology ethics
Customer service management | Information disclosure
General meeting of shareholders
Results briefing
Investor communication platform
Investor research and communication |
| Supply
chain
management | √ | √ | | | Medium
to
long
term | ESG-related risks in the supply chain
may lead to supply chain instability and
disrupt the Company’s production and
operations.
Inadequate sustainability due diligence in
the supply chain may lead to issues such
as human rights violations and negative
environmental impacts, potentially
damaging the Company's social image
and reputation. | Improve supply chain management by incorporating
ESG factors into supplier evaluation and selection.
Improve the supply chain risk analysis model and
evaluation mechanisms, and consistently identify
and monitor risks in the procurement process.
Promote sustainable development practices
among suppliers.
For more information, please refer to the "Supply
Chain Management" section. | | | | |
| | | | | | | | | | Customers | Product quality and safety
Intellectual property protection
Responsible marketing
Customer service management
Environmental management system
Compliance and risk management
Information and data security | Daily operational communication
Official communication channels
After-sales service and feedback
Customer satisfaction survey |
| Employee
rights
and
benefits | | √ | √ | | Short
term | Violations of employees’ legitimate rights
and human rights may reduce morale
and productivity, ultimately affecting the
Company’s market competitiveness and
economic performance.
Non-compliance with labor laws and
regulations may expose the Company to
fines and legal proceedings, damaging its
social image. | Continuously improve internal management
systems to uphold employee rights, covering areas
such as ethical conduct, prevention of violence
and conflict, prohibition of forced labor, fair
employment and diversity, anti-discrimination,
working hours, and leave policies.
In addition to statutory benefits, provide diverse
supplementary benefits, a wide range of employee
activities, and timely care and assistance programs
to enhance employee well-being and satisfaction.
For more information, please refer to the
"Employee Rights and Well-being" section. | | | | |
| | | | | | | | | | Suppliers
&
Partners | Supply chain management
Digital transformation
Business ethics and anti-corruption
Compliance and risk management
Industrial cooperation and development
Information and data security | Strategic cooperation
Thematic Training
Market research
Special meetings
Industry exchanges |
| Compliance
and
risk
management | √ | √ | √ | √ | Short
to
medium
term | Non-compliance and inadequate risk
management may result in financial
losses, legal disputes, and reputational
risks for the Company. | Coordinate risk management under the leadership
of the Risk Control Committee under the Board
of Directors, establish a "three lines of defense"
framework, strengthen special audits, and enhance
the standardization and effectiveness of risk
control.
Strengthen the tax management system and
continuously enhance tax compliance capabilities.
For more information, please refer to the "Risk
and Compliance Management" section. | | | | |
| | | | | | | | | | Employees | Employee training and development
Employee rights and benefits
Production safety and occupational health
Compliance and risk management
Business ethics and anti-corruption | Official WeChat of the Company
Workers' Congress
Employee activities |
| | √ | √ | √ | | Short
to
medium
term | Information and data breaches may
violate relevant laws and regulations,
resulting in compliance risks, financial
losses such as fines, and infringement of
customer rights, thereby undermining
customer trust in the Company.
Ensuring information and data security
helps strengthen the relationship between
the Company and its customers. | | | | | |
| | | | | | | | | | | Product quality and safety
Ensuring animal welfare
Pollution and waste management
Eco-circular farming
Biodiversity conservation
Rural revitalization and social contributions
Community relations management | |
Tekoujiagu Village in Zhaojue County, Liangshan Prefecture, Sichuan Province, stands as an exemplary project of New Hope Liuhe's "4+N" precision
poverty alleviation model. In this context, "4" represents the Zhaojue County People's Government, the Sichuan Branch of the People's Bank of China,
Responsibility Focus:
New Hope Liuhe, and the village collective economy (cooperative). The "N" symbolizes the registered poor households in the village. Under this
model, the government and bank provide funds and subsidized loans to villagers; the Company offers comprehensive services including piglets, feed,
technology, and sales, while also bearing disease and market risks. Villagers, in turn, receive dividends from their shares and can earn wages through
30 Years of the Guangcai Program – Sustained
their labor. The project was completed and commenced operations in April 2018, emerging as one of the most advanced breeding bases in Zhaojue
County and the broader Liangshan Prefecture at that time. By the end of 2024, the project had sent 16,000 pigs to market, disbursed RMB 5.17 million
Hope for Rural Revitalization
in contract breeding fees, distributed RMB 1.39 million in dividends, benefited 1,130 villagers, and trained 12 local technicians, constantly driving
economic growth and income improvement for the villagers.
Building on this successful pilot, New Hope Liuhe has propagated the Zhaojue Model of breeding-based poverty alleviation to its branches and
From 1994 to 2024, the Guangcai Program, initiated with the participation of New Hope Liuhe, has spanned three decades of development. This social
initiative was launched by private entrepreneurs in response to the National "Eight-Seven Poverty Alleviation Plan", bearing the historical mission of subsidiaries nationwide. The Company actively explores a multidimensional poverty alleviation model that integrates "modern agriculture + precision
"those who become prosperous first helping those who lag behind." As one of the program’s original initiators, New Hope Group has consistently poverty alleviation + ecological environmental protection." In economically challenged counties such as Shibing in Guizhou, Xiajin in Shandong, and
upheld the principle of industrial poverty alleviation that balances social responsibility and profitability, seamlessly integrating corporate development Yijun in Shaanxi, New Hope Liuhe has invested in establishing pig farms integrating breeding and promotion. It adopts innovative organizational
with national strategies. Keeping pace with the times, the Company has continuously explored and innovated its approaches—shifting from one-off methods such as "large farms mentoring small farms" and "company + cooperative + family farm" to encourage small and medium-sized specialized
cooperatives and family farms within the county to engage in standardized, large-scale, and regulated pig breeding. This approach promotes self-
project-based support to integrated assistance across entire industrial chains; from simple investment to a more comprehensive model combining
investment, branding, talent cultivation, and information-sharing; and from isolated individual efforts to joint initiatives with strategic partners. These reliance in breeding and contract farming, expanding the scale of operations and achieving mutual benefits. Even after fulfilling its primary poverty
evolving practices have kept the Guangcai Program vibrant and impactful, standing as a testament to the synergy between private enterprise and alleviation objectives, the initiative continues to generate economic benefits for the local communities. In 2024, the Shibing and Nayong projects in
national development. Guizhou managed by New Hope Liuhe distributed substantial dividends of RMB 2.48 million and RMB 605,400, respectively.
In the contemporary era, advancing the Guangcai Program increasingly relies on nurturing multi-skilled sustainable developers, i.e., a new generation National School of Development at Peking University, launched the Village Head Course public welfare training initiative. This project aims to cultivate
Preparatory meeting of the China Guangcai Program Promotion The first factory of China's Guangcai Program - Xichang Hope
500 rural grassroots governance leaders over a five-year span. In the four years since its inception, the program has attracted over 3,000 village heads
Committee Feed Factory
to participate in the selection process, with more than 400 trainees successfully completing the curriculum. Its influence has rippled through over 3,000
villages, establishing a scientific, practical, and replicable model for nurturing rural grassroots management talent.
The 30-year milestone of the Guangcai Program not only signifies a remarkable achievement but also heralds a new era of opportunity. Moving
Sowing Hope, Igniting the Guangcai Program
forward, New Hope Liuhe is committed to serving as a steadfast practitioner of common prosperity through its unwavering dedication to agricultural
development. Driven by a deep-seated passion for industry-led national progress, it will act as a catalyst for rural revitalization and function as an
In the inaugural year of the Guangcai Program, New Hope Liuhe invested in and constructed the Xichang Hope Feed Factory in Xichang City, Liangshan
ambassador of the Guangcai Program, embodying an open and inclusive ethos. These endeavors will continue to uphold the Company's core mission
Prefecture, Sichuan Province. This initiative brought modern agricultural technology to the impoverished Greater Liangshan area. Over three decades, it
of "benefiting farmers and serving consumers."
has empowered more than 20,000 farmers to increase their income and achieve prosperity, with an average annual increase exceeding RMB 3,000 per
household. Building on this success, the Group invested RMB 2.6 billion to establish over 40 similar poverty alleviation factories across regions including
| | | | | |
| Risk Control Committee
Remuneration and Appraisal
Committee*
Nomination Committee*
Audit Committee*
Strategy and Sustainable
Development Committee
Board of Directors
*This committee has a majority of independent
directors and is chaired by an independent director. | | | | |
| | | | | |
| | | | | |
| | | | | |
| | | | | |
| Number of Board of Supervisors meetings held
throughout the year | 9 | | | |
| Number of general meetings of shareholders
held throughout the year | | 4 | | |
| | Resolutions passed by Board of
Directors meetings | 67 | | |
| | | | | |
| | | | Resolutions passed by Board of
Supervisors meetings | 24 |
| | | | Resolutions passed by general
meetings of shareholders | |
| | | | | |
| | Number of Meetings Held
4 | |
| Strategy and Sustainable Development Committee | 1 | 100% |
| Remuneration and Appraisal Committee | 2 | 100% |
| Nomination Committee | 3 | 100% |
| Risk Control Committee
pendent director system as a crucial safegu
protecting the legal rights of minority invest
pendent Directors of Listed Companies, impl
endent Directors. The Company rigorously fo
ependent Directors to select and appoint qu
vernance.
endent directors, comprising 33.33% of the
participate in company management, there
irectors constitute the majority and serve as c
, ensuring objectivity and fairness in Board de
personnel support to fulfill their responsibiliti
iding necessary materials, ensuring they hav
ors have diligently fulfilled their responsibilitie
ecision-making functions. In 2024, indepen
liance of related party transactions, and intern
tively safeguarding the interests of minority
discussions on industry development trends,
forward-looking suggestions for the Board's
mpany's production bases and R&D centers. T
hensive insights into production and operatio
ization and technological innovation, effecti
omposition of Board Specialized Co
Board Specialized
Committee I
Audit Committee* | 1 | 100%
ardized operations of listed c
rictly adheres to the requirem
ystem for Independent Directo
quirements and appointment
ritative figures as independen
ectors hold company shares in
onflicts of interest and exerc
t Committee, Nomination Com
pany provides independent dir
right to information by regular
d access to professional opin
in various Board activities and
four specialized meetings, fo
hey leveraged their professiona
lly, they participated in three
and upgrade strategies, and m
g. Furthermore, the independe
scussions with management, a
n their industry experience, the
us improvement in corporate g |
| | Name
Liu Chang | Gender
Female | Tenure
November 29, 2011 | Industry Experience
√ | Professional Capabilities
Risk Management
√ | |
| Executive Chairperson, President | Zhang Minggui | Male | September 24, 2020 | √ | √ | √ |
| Director | Liu Yonghao | Male | February 26, 1998 | √ | √ | |
| Director | Wang Hang | Male | November 29, 2011 | √ | √ | √ |
| Director | Li Jianxiong | Male | May 26, 2016 | | √ | √ |
| Director | Zhou Boping | Male | May 30, 2024 | | √ | √ |
| Independent Director | Wang Jiafen | Female | May 31, 2022 | √ | √ | √ |
| Independent Director | Peng Long | Male | May 30, 2024 | | √ | √ |
| | Cai Manli | Female | June 6, 2019 | | √ | |
During their tenure, independent directors have diligently fulfilled their responsibilities, actively participating in various Board activities and effectively
performing supervisory and strategic decision-making functions. In 2024, independent directors attended four specialized meetings, focusing on
reviewing major financial matters, compliance of related party transactions, and internal control mechanisms. They leveraged their professional expertise
to provide independent opinions, effectively safeguarding the interests of minority shareholders. Additionally, they participated in three strategic-
themed seminars, engaging in in-depth discussions on industry development trends, business transformation and upgrade strategies, and medium- to
Director
long-term development plans, offering forward-looking suggestions for the Board's strategic decision-making. Furthermore, the independent director
Gender
Director
33%
33%
team conducted on-site visits to the Company's production bases and R&D centers. Through field research, discussions with management, and analysis
Distribution
Positions
of operational data, they gained comprehensive insights into production and operational dynamics. Drawing on their industry experience, they provided
constructive guidance on capacity optimization and technological innovation, effectively promoting continuous improvement in corporate governance
Director Male
and operational efficiency.
67%
67%
Independent director Female
Composition of Board Specialized Committees
KEY
| | Number of
Independent Directors
2 | Number of
Non-Executive Directors
1 | |
| Strategy and Sustainable Development Committee | 2 | 2 | 2 |
| Remuneration and Appraisal Committee* | 3 | 1 | 1 |
| Nomination Committee* | 2 | 0 | 1 |
| | 2 | 1 | |
Note: * indicates that an independent director serves as the committee chair.To constantly enhance governance compliance, the Company's directors, supervisors, and senior management actively engage in training on corporate
Board Skills and Diversity
governance and diligent performance of duties. These sessions are organized by government departments, the CSRC, stock exchanges, and relevant
Enhancing Board diversity is a cornerstone of effective corporate governance and is essential for balanced, inclusive decision-making. The Company
associations. Notable examples include the training on "Strengthening Capital Market Integrity Construction and Cultivating Anti-fraud Compliance
The Company explicitly states in its Working System for Independent Directors that independent directors owe fiduciary and due diligence duties to
Director and Senior Management Compensation Policy
the Company and all shareholders. In addition to the powers conferred by the Company Law of the People's Republic of China and other relevant
legislation, the Company grants independent directors special authority to express autonomous opinions on matters that may potentially harm
Compensation for Board members and senior management is a critical component of corporate governance. The Remuneration and Appraisal
the Company or minority shareholders' interests. Maintaining substantive communication with minority shareholders is also considered one of the
Committee formulates and reviews remuneration policies and plans based on areas of responsibility, primary duties, business innovation capabilities,
independent directors' key responsibilities.
and work performance. These align with the Company's Employee Compensation Management Trial Measures and relevant systems and regulations
of the Board's Remuneration and Appraisal Committee. All policies require Board approval and subsequent ratification by the general meetings of
shareholders before implementation, with full transparency through information disclosure.Diversified Communication Channels
The Company has established multifaceted communication channels, including general meetings of shareholders, online voting, on-site research,
The Company conducts comprehensive evaluations based on annual operating performance, job responsibilities, and the achievement of annual
online platform Q&As, telephone inquiries, and performance briefings. These channels foster investor understanding and recognition of the Company,
work objectives. Compensation and performance bonuses for senior management are determined by these evaluation results, promoting enhanced
establish constructive interactions between the Company and investors, enhance corporate governance, and effectively protect investors' legal rights,
responsibility fulfillment. The Nomination Committee and the Remuneration and Appraisal Committee oversee senior management nominations and
particularly those of minority shareholders.
review their work capabilities, performance, and goal achievement, determining annual compensation packages and year-end bonuses. Additionally,
the Company has implemented a multi-tiered assessment and incentive mechanism to further boost managerial enthusiasm and creativity, driving
continuous corporate performance growth.
| | | |
| Investor communication events held | 15 | |
| Attendance in investor communication events | 1,156 | |
| | | |
| | | |
| | | |
| Zhang Minggui | Executive Chairperson, President | 2,000,000 |
| Liu Yonghao | Director | 892,320 |
| Wang Hang | Director | 60,000 |
| Li Jianxiong | Director | 0 |
| Zhou Boping | Director | 100 |
| Tao Yuling | Executive President | 1,312,500 |
| Yan Qiubo | Vice President | 125,000 |
| Li Shuang | Vice President | 900,000 |
| Chen Xingyao | Vice President, CFO | 1,200,000 |
| Wang Pusong | Investment Development Director | 900,000 |
| Cai Manli | Independent Director | 10,000 |
| Lan Jia | Board Secretary, Chief Strategy Investment Officer | 1,000,000 |
| | Supervisor | |
Risk Identification and Control
Risk and Compliance Management
Through industry benchmarking and in conjunction with the Company's strategic management and operational conditions, we regularly review and
analyze risk points facing the business, conduct risk assessments, and formulate improvement measures based on assessment results to further
New Hope Liuhe has established a comprehensive internal control and risk management system to strengthen and standardize internal management, （未完）
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