On behalf of the Board, I am pleased to present the sustainability report of China Sunsine Chemical Holdings Ltd (“China Sunsine”, together with its subsidiaries, collectively the “Group”) for the financial year ended on 31 December 2019 (“FY2019”).
Despite challenges that have remained since the second half of 2018, such as the slowing down of global economies, the decline of China’s new car sales and intensifying competition, the Group managed to achieve a set of excellent results amongst its peers in FY2019, maintaining its position as the largest rubber chemical producer in China.
Our selling price was under immense pressure and that resulted in narrower gross profit margin. In spite of this, the Group never compromised its efforts in quality management, investments in research and development, emphasis on environmental protection and safety production as well as social responsibility. We know that maintaining a high standard of corporate governance and setting long-term sustainable growth goals are the keys to our corporate success.
We have always maintained a policy of “adopting scientific management for quality assurance, trusted quality to win over customers, and customer satisfaction as driver for future development”. We have focused on customers’ needs, and implemented a robust and holistic quality control management system. “Sunsine” is a reputable brand name for high-quality products and stable supply. To cater to the expected robust demand and further expansion of our market share, the Group has rolled out a series of expansion plans in 2020.
To achieve the goal of green innovation and production, the Group continues to collaborate with various research institutions to improve the production processes to increase productivity and reduce environmental pollution. On top of that, we also invest heavily in the upgrading of facilities for a cleaner workplace in our march to achieve our Green Manufacturing milestone.
In 2019, the environmental protection regulations and inspections remained stringent. With the unceasing efforts of our staff, we continued to improve management methods and enhance the capability of risk prevention. We are pleased to see that there were no major environmental and safety accidents in the year, and overall efficiency of waste treatment had further improved. All these operations have contributed to the Group running smoothly and efficiently. Our overall environmental protection level has been steady and progressive.
Dedicated and capable employees are our valuable asset. China Sunsine understands the importance of recruiting and retaining talents through training, and the Group places important emphasis on integrating production, learning and research. At the same time, the Group also provides a safe and healthy work environment for all staff. We pay close attention to our corporate culture and cohesiveness, in order to build a common vision for the Group in a healthy, solid and orderly manner.
The world is currently facing a considerable amount of economic, environmental and social challenges. China Sunsine strives to bring sustainable and innovative solutions to its customers and to contribute to the society as a social responsible manufacturer. Hence, China Sunsine will resolutely observe a policy of continuous progress and operational excellence towards achieving its objective of sustanable growth, so as to value add greatly to our shareholders, partners, stakeholders, staff and community.
Xu Cheng Qiu