Northeast Electric Development Company Limited (NEE) has released its 2025 Environmental, Social and Governance Report, covering operations from 1 January to 31 December 2025 and focusing on its power-equipment and hotel businesses.
Double-digit top-line growth from power and hotel units • 2025 revenue reached RMB 164.17 million, up 4.9 % from RMB 156.44 million in 2024, supported by favourable national power-industry policies and continued expansion of the company’s Fuxin Busbar and Garden Lane Flight Hotel subsidiaries.
Sharper environmental performance despite business expansion • Total CO₂ emissions declined to 50 tonnes (-3.8 % YoY). • Waste-water discharge was 14,800 m³, equal to 89 m³ per RMB 1 million of revenue, a 2.4 m³ improvement in intensity. • Hazardous waste held flat at 1.25 tonnes; recyclable solid waste rose to 1.40 tonnes, while non-recyclable waste fell slightly to 202 tonnes. • Electricity usage slipped 1.6 % to 4.76 million kWh; water consumption dropped 5.6 % to 151,000 m³. • Packaging material use increased 5.3 % to 13.80 tonnes, mainly wooden boxes and steel channels for busbar products.
Resource-efficiency measures NEE upgraded factory and hotel equipment, installed LED lighting, optimised HVAC systems, and promoted “six-point” conservation campaigns (paper, food, oil, water, power, sunlight). It also expanded waste-sorting, introduced recyclable hotel amenities, and encouraged green commuting.
Zero-accident year and broader human-capital focus The group conducted 10 safety-training sessions and four emergency drills, reporting no work-place accidents in 2025. Annual physicals, high-temperature allowances and a new “female-employee care room” were among staff-welfare initiatives. NEE maintained full compliance with labour, child-labour and anti-discrimination laws.
Supply-chain and product stewardship Fuxin Busbar kept a 100 % supplier-review rate and devoted at least 5 % of annual revenue to R&D, completing trial production of a new condensing PT cabinet and filing one utility-model patent. All hotel suppliers signed food-safety pledges, and disposable-plastic usage was further tightened.
Corporate governance and audit qualification NEE states full compliance with Hong Kong Listing Rules’ Corporate Governance Code but received a “disclaimer of opinion” from its auditor owing to material uncertainties surrounding going-concern status. The board cites cash-flow forecasts, shareholder funding, bank-credit negotiations, cost controls and strategic-investor plans as mitigation. Major decision and contract reviews hit a 100 % compliance rate; no cases of monopoly, unfair competition or significant corruption violations were recorded.
The board will continue monitoring liquidity measures while pursuing the strategic introduction of new investors and product diversification to strengthen the company’s long-term sustainability.