Shandong Yinghua Bearings Co., Ltd. 2024 Social Responsibility and Sustainability Report

Shandong Yinghua Bearings Co., Ltd.

2024 Social Responsibility and Sustainability Report

Publication Date: March 17, 2025

I. Company Overview

Shandong Yinghua Bearings Co., Ltd. (YHB), founded in 2008 and headquartered in Jiangsu Province, is a high-tech enterprise specializing in the R&D and production of high quality  bearings. As a private technology enterprise in Shandong Province and the "Engineering Technology Research Center for High-Speed Precision Motorized Spindle Bearings," the company takes technological innovation as its core driving force. With a 26-member R&D team led by Master’s graduate Mr. Lv (a professional bearing engineer), YHB has obtained 13 utility model patents and 2 invention patents. In 2024, TCOK supplied 300,000 high quality bearings to domestic leading spindle manufacturers, successfully replacing imported products and helping customers reduce costs by over RMB 3 million.

Core Values: Technology-Driven Enterprise, Responsible Leadership, Green Collaboration

II. Governance and Compliance

1. Strategy and Innovation

Annual R&D investment exceeds 6% of turnover. Focused on high-temperature and high-speed bearing technology, the R&D team collaborates closely with customers to deliver 3 customized solutions annually.

Certified under ISO 9001 and ISO 14001, products meet international standards (e.g., ABEC-5, 7-grade) and feature a full lifecycle quality traceability system.

2. Intellectual Property and Transparency

Leading the formulation of industry standards for chemical fiber bearings. Patent technologies cover materials, structural design, and process optimization.

Financial and social responsibility information is regularly disclosed via the official website and annual reports, subject to third-party audits.

III. Social Responsibility

1. Employee Development and Welfare

Established a "dual-channel" career development system (technical/managerial). R&D personnel account for over 10% of the workforce, with core team members averaging 10+ years of industry experience.

Annual average training hours: 100 hours, covering technology, safety, and ESG. Employee satisfaction reaches 99%, with turnover rate 5% lower than industry averages.

Provides health checkups, supplementary medical insurance, and education subsidies for employees’ children. Female employees account for 45% of the workforce, with 40% in management roles.

2. Community and Philanthropy

Donated RMB 100,000 in 2024 to support local education and rural revitalization projects, including the "TCOK Scholarship" for 10 underprivileged students.

Organized 5 environmental volunteer activities, planting 100 trees to improve the ecological environment around the factory.

3. Human Rights Risk Identification and Response

1. Identified Human Rights Risks

Employee Rights Risks: Potential risks of overtime work and excessive labor intensity during peak production seasons.

Supply Chain Labor Risks: Some suppliers may have high temporary worker ratios and opaque salary payments.

Occupational Health Risks: Grinding and heat treatment processes involve exposure to noise, dust, and chemical substances.

2. Measures and Effectiveness Evaluation

Policy Safeguards:

Issued the Human Rights Protection Policy, explicitly prohibiting forced labor, child labor, and discrimination, covering employees and supply chain partners.

Implemented the Fair Compensation System, ensuring equal pay for equal work. Employee salaries increased by 8% in 2024, exceeding the industry average of 5%.

Risk Management:

Introduced an intelligent scheduling system, limiting monthly overtime to ≤36 hours (legal cap) with zero complaints.

Conducted human rights audits for 15 core suppliers in 2024, achieving 100% rectification rate and securing Human Rights Commitments.

Health Protection:

Invested RMB 1.2 million in upgrading workshop ventilation and noise reduction equipment, maintaining zero occupational diseases for three consecutive years.

Equipped high-risk 岗位 employees with smart bracelets for real-time health monitoring, achieving 100% early-warning response.

4. Environmental Risk Identification and Response

1. Identified Environmental Risks

Production Pollution: Oil-containing wastewater/gas from heat treatment and metal dust from grinding.

Energy Consumption: High energy use from traditional equipment, requiring reduced carbon intensity.

Supply Chain Environmental Risks: Inadequate environmental measures by some suppliers may cause material/package pollution.

2. Measures and Effectiveness Evaluation

Pollution Control:

Invested RMB 2 million in wastewater/gas treatment systems, achieving 95% industrial water reuse and 100% gas emission compliance in 2024.

Introduced automated grinding equipment, reducing dust emissions by 60% and meeting GBZ 2.1-2019 air quality standards.

Energy Management:

Launched the "Green Energy Plan," upgrading 20 old devices in 2024 to reduce energy consumption per unit output by 5% (equivalent to 468 tons CO₂ reduction).

Roof solar project scheduled for 2025, expected to supply 15% of factory electricity.

Supply Chain Collaboration:

Issued the Supplier Environmental Compliance Checklist, requiring 90% of suppliers to use eco-friendly packaging in 2024.

Conducted environmental audits for 15 core suppliers, helping 3 achieve ISO 14001 certification.

IV. Sustainable Development

1. Green Manufacturing and Low-Carbon Transition

Technological Innovation: Utilizing imported AKS ceramic balls, bearings achieve 10% higher temperature resistance, 5% lower friction coefficient, and 50% extended lifespan, reducing customer equipment energy consumption by 2%.

Energy Conservation: In 2024, energy consumption per unit output decreased by 5%, reducing carbon emissions by 468 tons through equipment upgrades.

Circular Economy: Production waste recycling rate exceeds 98%, with 100% compliant disposal of hazardous waste. Implemented a "trade-in" recycling program.

2. Supply Chain Responsibility

Issued the Green Supplier Management Measures, requiring core suppliers to obtain ISO 14001 certification and prioritize renewable material procurement.

Completed social responsibility audits for 15 suppliers in 2024, aligning supply chain carbon reduction goals with the company’s objectives.

V. Industry Contributions and Future Outlook

1. Industry Benchmark Practices

The 7000 series high-speed spindle bearings hold 5% domestic market share, breaking import monopolies and reducing downstream equipment costs by 20%.

Participated in 1 national major equipment project (e.g., high-end CNC machine tools, new energy equipment), with technological achievements winning 3 awards.

2. Future Goals (2025-2029)

Increase R&D investment to 6%,  1 key "bottleneck" technology, and secure 4 new invention patents.

Achieve 10% green factory operations, reduce unit product carbon emissions by 5%, and serve customers in 20 countries/regions globally.

Align with UN SDGs, focusing on SDG 9 (Industry, Innovation & Infrastructure), SDG 13 (Climate Action), and SDG 8 (Decent Work & Economic Growth).

Sustainability Targets:

Energy Efficiency: Annual unit product carbon emissions reduction of 5%, with a cumulative 25% reduction by 2029.

Clean Energy: Achieve 10% renewable energy usage by 2026, aiming for 20% by 2029 through solar and wind energy adoption.

Resource Circularity: Waste utilization rate to reach 99%, maintaining 100% compliant hazardous waste disposal.

Contact Us

Email: tom@yhbearings.cn

Website: www.yhbearing.cn

Note:

All financial figures are in RMB unless specified.

For technical details or customized solutions, please visit our website or contact us directly.