力芯微(688601):2025年环境、社会和公司治理（ESG）报告（英文版）
原标题:力芯微:2025年环境、社会和公司治理（ESG）报告（英文版） ETEK Principles Ensures Stead ETEK Innovates the Future with Chips,Progress and Long-term Success Advancing Through Technology 18 Innovation-driven Development 32 Corporate Governance Compliance and Risk Management 23 Safety and Quality of Products and Services 44About This Report 1 Business Ethics 29 Promotion of Industry Development 49 Supply Chain Security 51 Chairman's Message 2 Data Security and Customer Privacy Protection 55 About ETEK 4 This Report is the third Environmental, Social and Corporate Governance ("ESG") report released by Wuxi ETEK Microelectronics Co., Ltd., which provides a detailed disclosure of the ESG performance of the Company and its subsidiaries during their operations in 2025. The publication of this Report aims to engage in effective communication with all stakeholders in a transparent and open manner, systematically responding to stakeholders' expectations and requirements. Basis of Preparation Data Description About This ReportAbout This Report This Report is the third Environmental, Social and Corporate Governance ("ESG") report released by Wuxi ETEK Microelectronics Co., Ltd., which provides a detailed disclosure of the ESG performance of the Company and its subsidiaries during their operations in 2025. The publication of this Report aims to engage in effective communication with all stakeholders in a transparent and open manner, systematically responding to stakeholders' expectations and requirements. Basis of Preparation Data Description This Report complies with the Guidelines No. 14 of Shanghai Stock Exchange for Self-regulation The qualitative and quantitative information used in this Report was of Listed Companies - Sustainability Report (Trial) issued by the Shanghai Stock Exchange, and derived from original data from the Company's actual operations, annual makes reference to the GRI Standards published by the Global Reporting Initiative (GRI), Climate- financial data, internal relevant statistical statements, etc. Specifically, related Disclosures Standards (IFRS S2), the Sustainability Accounting Standards Board (SASB) the financial data cited in this Report comes from the financial statements Standards, the United Nations Sustainable Development Goals (UNSDGs) and the China Corporate in the 2025 Annual Report, which have been independently audited by an Sustainability Reporting Guide (CASS-ESG 6.0) issued by the Chinese Academy of Social Sciences. accounting firm and received an unqualified opinion. Unless otherwise stated, all currency amounts in this Report are in RMB. Reliability Assurance Unless otherwise stated, this Report covers the Reporting Period from 1 January 2025 to 31 In line with the principles of accuracy, comparability, substance and December 2025 (the "Reporting Period"). Any content that falls outside the above time scope will verifiability, this Report objectively, truthfully and completely discloses be specified in this Report. information without any false records, misleading statements, or significant omissions. This Report has been reviewed and approved by the Board of Directors, which is responsible for the authenticity, accuracy and completeness of the content. The scope of this Report includes Wuxi ETEK Microelectronics Co., Ltd. and its holding companies. Unless otherwise specified, the scope of this Report is consistent with the Company's annual report. This Report is published in both simplified Chinese and English. In case of any discrepancy between the two versions, the simplified Chinese
About ETEKAbout ETEK sales of products such as power management, signal chain, drivers and technologies and modular IP, have built strong R&D capabilities and system- Specialised, Refined, Specialised, Refined, Certified Software Featured and Innovative Featured and Innovative Enterprise Technology level solution capabilities. "Little Giant" Enterprise "Little Giant" Enterprise - CentreSemiconductor To fulfil the Company's mission and vision, ETEK has always upheld its core values, driven by continuous independent innovation, supported by a forward- looking industrial layout, and connected through diversified collaboration. We have continuously deepened our efforts in R&D and steadily expanded our product portfolio, making technologies more reliable, products of higher quality and value more enduring. Mission To provide creative chip solutions for an intelligent world and create value for customers, partners and society! Vision To become a globally leading and trusted innovative chip design company!Values Customer- Mutual Collabo- Professio- Integrity centricity benefit nalism ration Provide customers Sincerity, honesty, Professional Shared goals, aligned Achieve success with leading earnestness competence, actions, shared together and move products professional responsibilities forward hand in hand Good faith, conduct, mindset 2023 Development History March: ETEK completed the ISO26262 Road Vehicles Functional Safety Management System Certification October: The Chairman received the title of "National Science and Technology Entrepreneurship Leading Talent" 2010 2024 January: ETEK obtained the ISO9001/2008 and ISO14001/2004 April: ETEK obtained TüV Rheinland ISO26262 Functional Safety ASIL D certification certificates June: ETEK established an RMB100,000,000 industrial fund, "Liding Fund" (99% May: ETEK passed Samsung Electronics' QPA and QSAECO equity interest held) audits, entering the Samsung supply chain December: ETEK increased capital in Liding Fund by RMB50,000,000, raising the equity interest to 99.33% 2017Development Strategy and Presence In 2025, ETEK took cultivation of new quality productive forces as its core strategic direction, focusing on three key dimensions: deepening technological expertise, diversifying business expansion and fostering ecosystem collaboration. By driving efforts in both business and geographic expansion, we fully advanced strategy implementation and business upgrading. Business portfolio: Deepening engagement in core tracks, expanding into diversified scenariosCore Sectors Deepening cooperation with leading customers: We continue to consolidate our leading position in consumer electronics such as mobile phones and wearable devices, and deepen strategic cooperation with leading customers such as Samsung and Xiaomi.Advancing core technologies: We focus on technology iteration for core product lines such as power management, signal chain, drivers and discrete devices. Strengthening product competitiveness: We steadily advance the integrated upgrade of monolithic power management integrated circuits (PMIC), and strengthen the market competitiveness of our core products. High-end Scenarios Building a vehicle-grade cooperation ecosystem: We tap into high-end, high-value-added fields such as industrial electronics, communications base stations, automotive electronics and healthcare, establish a complete automotive electronics certification system and a standardised vehicle-grade product reliability testing centre, and achieve close cooperation with mainstream car manufacturers such as BYD.Seizing policy and technology opportunities: We leverage policy- and technology-driven sectors such as AI terminals and electronic detonators to expand incremental markets. The electronic detonators and wireless initiation system of our subsidiary Semiconductor successfully entered the Australian market, sustaining breakthroughs in overseas business. Product Matrix Expanding into new product categories: We expand into new product categories such as high-precision Hall chips, and continue to improve the full-chain product Annual Achievements and Company Honours Key Performance Indicators for the Year Operating revenue Net profit attributable to Basic earnings per share Total assetsthe listed company 146,679.38 0.28 76,847.49 3,708.19 Economic RMB RMB'0,000 RMB'0,000 RMB'0,000 Performance Total energy Total electricity GHG emission intensity within Total GHG emissions consumption consumption the operational boundary 1,151.91 266.77 182.13 1.50 Tonnes of CO2 equivalent (tCO2e) tce tCO2e/RMB million 10,000 kWh Environmental Performance Social insurance Total duration of Total number Proportion of R&D expenses contribution coverage rate employee training of intellectual R&D personnel of employees in the post property rights 19,432.26 57.67 % RMB'0,000 196 / 100 % 8,500 Hours Social Performance Documents disclosed Investor engagement Number of the Investor research Major rule or law in compliance events held Board of Directors' receptions violations meetings held Times 0 Governance 7 45 3 6 Times Case ESG Management Structure The Company has established a top-down, cross-departmental, multi-layered ESG management structure to ensure the efficiency and systematic nature of ESG management. The Company has formulated the Working Rules for the Board of Directors Strategy and ESG Committee, clarifying a three-tier management system comprising the Board of Directors, Strategy and ESG Committee and Strategy and ESG Working Group, to ensure the effective implementation and continuous optimisation of the ESG strategy. By establishing and improving ESG management systems, optimising information disclosure mechanisms, and strengthening risk management frameworks, the Company continually enhances the scientific and standardised nature of its ESG management. Sustainability ManagementSustainability Management ESG Management Structure The Company has established a top-down, cross-departmental, multi-layered ESG management structure to ensure the efficiency and systematic nature of ESG management. The Company has formulated the Working Rules for the Board of Directors Strategy and ESG Committee, clarifying a three-tier management system comprising the Board of Directors, Strategy and ESG Committee and Strategy and ESG Working Group, to ensure the effective implementation and continuous optimisation of the ESG strategy. By establishing and improving ESG management systems, optimising information disclosure mechanisms, and strengthening risk management frameworks, the Company continually enhances the scientific and standardised nature of its ESG management. ESG Trainingemployees' ESG performance capabilities. Due Diligence and Communications with Stakeholders The Company has established diversified and regular communication channels to systematically identify and respond to the needs and expectations of its various stakeholders. Feedback collected through these communications serves as an important basis for optimising ESG management practices and improving ESG performance. In light of our actual business operations and the outcomes of communication with major stakeholders, we screened and compiled a list of key ESG topics, and established and improved corresponding communication and feedback mechanisms to ensure timely and effective information transmission. Stakeholder Key Topics of Concern Communication Methods/Channels
The Company, in accordance with the assessment methodologies of domestic and overseas disclosure standards, including Guidelines No. 4 of Shanghai Stock Exchange for Self-regulation of Listed Companies - Preparation of Sustainability Reports, carried out the annual material topic survey work based on the process encompassing topic identification, communications with stakeholders and materiality assessment. We shortlisted a total of 25 material topics and, taking into account their degree of impact on business operations and stakeholders, prioritised them accordingly, ultimately forming this year's materiality matrix. The identified material topics have been comprehensively addressed and disclosed in this Report.Step Step 01 02 Management of Material Topics The Company, in accordance with the assessment methodologies of domestic and overseas disclosure standards, including Guidelines No. 4 of Shanghai Stock Exchange for Self-regulation of Listed Companies - Preparation of Sustainability Reports, carried out the annual material topic survey work based on the process encompassing topic identification, communications with stakeholders and materiality assessment. We shortlisted a total of 25 material topics and, taking into account their degree of impact on business operations and stakeholders, prioritised them accordingly, ultimately forming this year's materiality matrix. The identified material topics have been comprehensively addressed and disclosed in this Report.Step Step 01 02 Assess and determine the materiality of topics Disclose information on the materiality of topics Stakeholder engagement: Through multiple channels, we conduct questionnaire Based on the topic assessment results, we develop a materiality matrix. surveys among different stakeholders to assess material topicsFor double materiality topics and topics that are financially material but not impact material, we make key disclosures in accordance with the "Four Expert analysis: We determine the final ESG topics based on the questionnaire Elements" of the Guidelines issued by the Shanghai Stock Exchange.survey results and the analyses by internal and external experts Matrix of ESG Material Topics of ETEK in 2025 High Environmental compliance management Climate change tackling Pollutant discharge Waste disposal Innovation-driven Occupational health and safety Supply chain security Promote industry development Safety and quality of products and services Protection of employee rights and interests Clean technology opportunities Data security and customer privacy protection Anti-commercial bribery and anti-corruption Topics that are impact Double-materiality Compliance and risk management material but not topics Corporate governance financially material s impacts on the economy, Energy usage Water resources usage Circular economy Conflict minerals Rural revitalisation Contributions to the society Due diligence Communications with stakeholders Anti-unfair competitionLow Materiality to the Company’s financial performance High ETEK Principles Ensures Steady Progress and Long-term Success ETEK has always placed corporate governance at the core position. A standardised and effective governance system is a key safeguard for the Company's steady development, and also a fundamental prerequisite for reducing risks at source. The Company strictly benchmarks against the legal and regulatory requirements of the China Securities Regu- latory Commission and the Shanghai Stock Exchange regarding compliant operations, ensuring consistency between system development and standardised implemen- tation. At the same time, we adhere to the highest standards of business ethics, continue to promote integrity in our operations, uphold the Company's positive image, and share the fruits of our growth with our shareholders. Corporate GovernanceCorporate Governance ETEK has always regarded corporate governance as the foundation of its sound development. By strengthening top-level design, the Company has established a scientific and standardised governance system, promoted the diversity of the Board of Directors, safeguarded investors' rights and interests, and comprehensively enhanced its governance standards. Governance Structure ETEK strictly complies with the requirements of laws, regulations, and normative documents such as the Company Law of the People's Republic of China and Securities Law of the People's Republic of China, and continuously improves its internal control and management systems. We have established a sound governance structure, uphold a diverse Board composition, strengthen the transparency of information disclosure, improve investor communication mechanisms, and continuously enhance our governance capabilities, providing a strong foundation for the Company's standardised operations and sustainable development. The Company has established a series of systems and normative documents, including the Articles of Association, Rules of Procedure for Board of Directors' Meetings, and Work Guidelines for Independent Directors, clearly defining the operating standards for the Shareholders' Meeting, the Board of Directors, the General Manager, and specialised committees, clarifying the powers and responsibilities of the relevant bodies, and ensuring the efficient operation of the governance system. Shareholders' Meeting The Board of Directors is the decision-making body for the Company's operations and management, and is accountable to the Shareholders' Meeting. Four specialised committees have been established under the Board of Directors: the Strategy and ESG Committee, the Audit Committee, the Remuneration and Appraisal Committee, and the Nomination Committee, providing professional advice and recommendations on major matters and enhancing the professionalism and efficiency of deliberations and decision-making. General Manager The General Manager is responsible for the Company's day-to-day operations and management, implementing the strategies and plans formulated by the Board of Directors, and ensuring that our operations progress in an orderly and efficient manner.2025 Committee meetings Convened in 2025 Shareholders' meetings Strategy and ESG Committee's meetings2 2 Board of Directors' meetings Number of Audit Committee's meetings6 7 Attendance of members at the Board of Directors' meetings Nomination Committee's meetings1 100% Number of proposals approved at the above meetings Remuneration and Appraisal Committee's meetings 1 47 Diversity of the Board of Directors ETEK continues to promote the diversity of the Board of Directors in terms of gender, industry background, professional capabilities, and other aspects. Currently, the Board of Directors comprises nine directors, including three independent directors, accounting for 33.33%; two female directors, accounting for 22.22%. The members of the Board of Directors have composite professional experience in areas including chip design, corporate management, financing and investment management and law. In terms of professional knowledge, industry experience, and skills backgrounds, they present a diversified and complementary mix, together forming a decision-making body with a comprehensive perspective and professional depth, thereby effectively enhancing the level of corporate governance and governance effectiveness. The Company's Board of Directors carries out regular appointments and re-elections in accordance with prescribed procedures. We are committed to striking a balance between member stability and structural optimisation, and, through an efficient meeting mechanism, ensuring that all directors conduct in-depth deliberation and decision-making on proposals, thereby safeguarding the compliance and rigour of the Company's major decisions. Independent directors strictly maintain their independence and perform their duties diligently and conscientiously, playing a critical supervisory and advisory role in improving corporate governance and protecting investors' rights and interests. Structure of the Members of the Board of Directors Member Structure Unit 2025
The Company strictly complies with the Securities Law of the People's Republic of China, the Rules Governing the Listing of Stocks on the STAR Market of the Shanghai Stock Exchange and the Work Guidelines for the Investor Relations Management of Listed Companies, as well as other relevant laws, regulations, and normative documents. We have formulated the Management Policy for Investor Relations and the Management Policy for Information Disclosure, and established an efficient and transparent mechanism for protecting investors' rights and interests, to ensure that all investors exercise their rights fairly and impartially, and to effectively safeguard the legitimate rights and interests of minority investors.Investor communication To meet the diverse needs of investors, the Company has established comprehensive, efficient, and diversified communication channels to listen to investors' views, promote mutual communication, and enhance investor confidence in the Company. The Company communicates and engages with investors through channels including the official website, new media platforms, the Shanghai Stock Exchange's E-interactive platform, the investor hotline, and the investor relations email address, using methods such as results briefings and on-site research visits. This helps investors keep abreast of the Company's developments and information in a timely manner and fosters sound investor relations. The Company proactively communicates its governance standards, business progress, and strategic value to investors, establishing a closed-loop management approach of disclosure, communication, and feedback, and continuously enhancing market recognition. Protection of Investors' Rights and Interests The Company strictly complies with the Securities Law of the People's Republic of China, the Rules Governing the Listing of Stocks on the STAR Market of the Shanghai Stock Exchange and the Work Guidelines for the Investor Relations Management of Listed Companies, as well as other relevant laws, regulations, and normative documents. We have formulated the Management Policy for Investor Relations and the Management Policy for Information Disclosure, and established an efficient and transparent mechanism for protecting investors' rights and interests, to ensure that all investors exercise their rights fairly and impartially, and to effectively safeguard the legitimate rights and interests of minority investors.Investor communication To meet the diverse needs of investors, the Company has established comprehensive, efficient, and diversified communication channels to listen to investors' views, promote mutual communication, and enhance investor confidence in the Company. The Company communicates and engages with investors through channels including the official website, new media platforms, the Shanghai Stock Exchange's E-interactive platform, the investor hotline, and the investor relations email address, using methods such as results briefings and on-site research visits. This helps investors keep abreast of the Company's developments and information in a timely manner and fosters sound investor relations. The Company proactively communicates its governance standards, business progress, and strategic value to investors, establishing a closed-loop management approach of disclosure, communication, and feedback, and continuously enhancing market recognition. Investor calls answered: 118 Number of investor communication activities: 3 Total number of investor communications and interactions across all channels: More than 150 Information disclosure The Company fulfils its information disclosure obligations in accordance with the law, implements the principles of being truthful, accurate, complete, timely, and fair, continues to standardise and enhance the information disclosure process, improves the quality, breadth, and transparency of information disclosure, and fully safeguards investors' lawful rights and interests. The Company's information disclosure work is uniformly led and managed by the Board of Directors, with the Board Secretary responsible to the Board of Directors for organising and coordinating the Company's information disclosure affairs. The Company actively monitors media coverage and proactively verifies the accuracy of reported information. sure, with the Chairman being the primary y's information disclosure affairs as the pr information disclosure matters as the dai- responsible person for information disclo imary responsible person for information ly operational department for information sure. disclosure. disclosure. During the Reporting Period Periodic reports disclosed: 4 Interim reports disclosed: 41 Compliance and Risk ManagementCompliance and Risk Management Compliant and prudent operations are the principled bottom line and basic requirement for the sustainable development of ETEK's business. The Company adheres to a business philosophy of integrity and compliance, continuously improves risk management, enhances due diligence mechanisms, optimises internal controls, and strengthens business ethics management. Compliance Management ETEK has established and improved a robust compliance management system, and continuously enhanced its governance system development, covering key areas such as financial accounting, budget execution, procurement processes, tax treatment, and information disclosure. The Company adheres to the business philosophy of honest operation, fulfils its tax obligations in accordance with the law, and, through effective oversight by the Audit Committee, ensures that all business activities are conducted in a compliant and orderly manner. Compliance system development ETEK has established a comprehensive compliance management system and has formulated and continuously implemented a series of internal regulations, including Articles of Association, Procurement Control Procedures, and Product Quality Control Procedures, comprehensively covering the key aspects of corporate governance and operational management. The Company attaches great importance to the development of a compliance governance system, deeply integrating the concepts of compliance and sustainable development into the management level's daily operations. In 2025, the Company conducted a series of topic-specific training sessions covering a range of key areas, including the Company's compliant operations, high-quality development, and employees' professional ethics, to ensure that management and employees developed a thorough understanding of compliance obligations and behavioural boundaries.Case Systematic development of compliance training programmes for directors and Senior ManagementAudit compliance To promote the regulated implementation of internal audit work, enhance audit quality, and safeguard the lawful rights and interests of shareholders, ETEK has formulated the Internal Audit Policy in accordance with the Audit Law of the People's Republic of China, the Guidelines No. 1 of Shanghai Stock Exchange STAR Market for Self-regulation of Listed Companies - Standardised Operation, and other laws, regulations, and other normative documents, so as to evaluate and oversee the effectiveness of the Company's internal control and risk management, the truthfulness and completeness of financial information, and the efficiency and effectiveness of operational activities. The Company's Board of Directors has established an Audit Committee, which is responsible for guiding the establishment and effective operation of the internal control system, and for duties including oversight of financial statement disclosure and the internal control process. We also established an Audit Department to carry out inspection and oversight of the authenticity and completeness of financial information, and the establishment and implementation of the internal control policy. The Audit Department, as an internal audit body, is accountable to the Audit Committee and regularly reports its work to it. During the Reporting Period, the Audit Department issued the 2025 Internal Control Evaluation Report. The Company had no material defects in internal control over financial reporting. In addition to internal audit management, the Company also engaged an external independent third-party auditor to issue an external assurance report on the financial and internal controls for the Reporting Period. For the 2025 annual report, an independent auditor with securities qualifications Internal control and compliance In order to establish and improve, and effectively implement, the internal control policy and enhance the Company's risk management capability, we have formulated the Internal Control Policy to strengthen internal control management, ensure the effective operation of internal control, and promote standardised operations. Meanwhile, the Company continued to improve its internal organisational structure in line with the requirements of modern corporate management, and established a relatively scientific decision-making system, execution system, and oversight system. conducts inspections and effectiveness assessments of the Company's internal control. The Board of Directors has established the Audit Committee, Board of which guides the construction and effective operation of the Company's internal control system according to its responsibilities. Directors The Board of Supervisors is responsible for supervising the implementation of the Company's internal control policy. In case of any identified internal control deficiencies, the Board of Supervisors may order corrective actions and report to the Shareholders' Meeting on the implementation of the internal Audit control policy. Committee The Management is responsible for establishing and improving the internal control policy within the operational processes, promoting the comprehensive implementation of the internal control policy, and checking how each department and unit formulates and implements specific internal control policies. Management Through multiple control measures, including segregation of incompatible duties, authorisation and approval, and financial system controls, we strengthen the implementation and effective execution of internal controls. The Audit Department carries out annual routine internal control inspections and irregular special inspections, promptly identifies deficiencies, and promotes rectification. The Company incorporates internal control and compliance implementation into the core performance appraisal indicators, takes strict action against responsible persons who violate internal control requirements, and fosters internal control and compliance awareness among all employees. During the Reporting Period material internal control deficiencies or non-compliance incidents occurred.no Tax compliance The Company's tax management is centrally co-ordinated and overseen by the Finance Department, covering the establishment of a tax management system, identification and assessment of tax risks, maintenance of the tax credit rating, organisation of tax training, management of tax materials and records, development of the tax team, routine tax payment approvals, and participation in investment and operational decision-making, among other related work. In terms of tax control, the Finance Department carries out front-end risk management through routine financial inspections, special tax audits, and daily filing review, among other measures, and maintains communication and alignment with the tax authorities to ensure that filings are completed in a timely manner and in full in accordance with regulations and that taxes are paid in compliance with the law.During the Reporting Period tax assessment rating was Grade , and we cumulatively paid RMB million in taxes.our A 10.14 Risk Management ETEK attaches great importance to the critical role of risk management in safeguarding the Company's operations and development. To establish response measures for risks and opportunities, clarify risk response measures and risk avoidance, and enhance our risk resilience, we have formulated Response and Control Procedures for Risks and Opportunities as a guiding document for risk management. This sets out the classification of risks and opportunities, assessment processes, response mechanisms, and oversight responsibilities, ensuring that risk and opportunity management operates in a standardised manner and safeguards the Company's sustainable development. The Company has established a risk and opportunity assessment management mechanism, forming a governance structure led by the management representatives, organised by the risk and opportunity assessment groups, and implemented by the Quality Management Department and other departments. This structure conducts continuous monitoring of internal and external risks and opportunities relating to macro policies, operations, the market, and other areas, promptly identifies and assesses the various risks and opportunities we face, and adopts necessary control measures.Risk and Opportunity Management System production shutdowns, and corporate image, and has formulated targeted improvement measures. To further address potential risks, the Company has established a comprehensive risk management process, which helps us identify specific risks affecting the achievement of our objectives, achieve robust governance, and improve the risk management system.
During the Reporting Period ETEK strictly complies with laws and regulations such as the Law of the People's Republic of China Against Unfair Competition, and has consistently implemented incidents related to commercial bribery occurred 0 the principles of fair and equitable competition. Internally, we insist that all employees stick to honest operation in market competition and keep business During the Reporting Period（未完）  |