Core Viewpoint - China National Heavy Duty Truck Group (China National Heavy Truck) emphasizes its commitment to sustainable development through comprehensive integration of ESG principles into its operations, focusing on innovation and green transformation [1][3]. Group 1: Innovation and R&D - The company is driving its transformation towards intelligent and green products, with a 2024 R&D investment of 2.9% of its revenue, amounting to 2.74 billion yuan [3][4]. - China National Heavy Truck is focusing on two main technological routes: pure electric and hydrogen fuel cell, with significant advancements in electric control systems and the development of over 10 hydrogen fuel cell models for various applications [3][4]. Group 2: Financial Performance - Revenue from new energy products increased by 67% year-on-year, with clean technology R&D expenses reaching 470 million yuan and 144 clean technology patents obtained [4]. Group 3: Environmental Initiatives - The company is actively integrating environmental protection into its strategy, investing 51.57 million yuan in 2024 for environmental facility upgrades and pollution control technologies, achieving over 10% reduction in wastewater and harmful waste emissions compared to 2021 [6][7]. - China National Heavy Truck aims to enhance energy efficiency through green technology upgrades and renewable energy applications, achieving a comprehensive energy consumption of 13 kg standard coal per 10,000 yuan of output, significantly below its target of 22 kg [7]. Group 4: Governance Structure - The company has established a robust ESG governance framework with a three-tier structure to ensure effective management of ESG matters, with the board of directors overseeing ESG strategies and performance [9][10].