Core Viewpoint - The increasing emphasis on sustainable development and the expanding influence of ESG (Environmental, Social, and Governance) in the plastic pipe industry, with China Liansu's 2024 Sustainable Development Report highlighting its achievements and commitment to green transformation [1][2]. Group 1: ESG as a Key Focus - ESG is considered a "must-answer question" for the plastic pipe industry, with significant carbon emissions from the construction sector, making plastic pipes crucial for carbon reduction [2]. - The plastic pipe industry supports urbanization and rural revitalization, emphasizing its role in the national economy and the need for sustainable development [2]. - The industry is transitioning from rapid expansion to stable development, necessitating improved governance structures and innovation to enhance supply chain stability [2]. Group 2: China Liansu's Green Initiatives - In 2024, China Liansu generated 56.55 million kWh of solar power, saving approximately 39.89 million RMB in electricity costs, recycled 5.26 million tons of water, and recovered 160,389 tons of plastic [3]. - The company integrates ESG principles into product development, achieving certifications for multiple products, including 15 pipeline products recognized as green building materials [3]. - China Liansu is enhancing its market presence in environmental protection and technology development, with a waste acid resource utilization base processing 215,000 tons annually [3]. Group 3: Future Goals and Innovations - By 2025, China Liansu aims to reduce greenhouse gas emissions intensity by 3% compared to 2021, control hazardous waste generation to below 1.1 kg/ton, and manage total water consumption intensity below 1.60 tons/ton [4]. - The company has established a trend of innovation-driven growth, with significant technological advancements in various product lines, enhancing its market competitiveness [6]. - China Liansu is fostering a sustainable supply chain, recognized as a national-level green supply chain management enterprise, with a total of 22,751 suppliers [7]. Group 4: Societal Contributions and Internal Governance - The company contributes to national strategies, such as rural revitalization, by supporting agricultural projects, which enhances its market presence and demonstrates its product capabilities [7]. - China Liansu emphasizes employee welfare and governance, establishing performance evaluation systems to respect and motivate employees, aiming for mutual growth [7]. Group 5: Investment Potential - From a value investment perspective, China Liansu is recognized as a high-quality ESG target within the plastic pipe industry, attracting increased investor interest [8].