Introduction:

Nanjing Skysource Power Technology Co., Ltd. (hereinafter referred to as "Skysource Power") is a leading producer of new energy power batteries. The company has consistently adhered to the philosophy of "green development, technological innovation, and harmonious coexistence," committing itself to promoting the development and application of new energy technologies. This report aims to detail Chuangyuan Power's efforts and achievements in environmental protection, social responsibility, and economic benefits, showcasing the company's dedication to fulfilling its social responsibilities.

1. Company Overview

Founded in 2018, Skysource Power specializes in the research, production, and sale of new energy power batteries. The company's products are widely used in electric vehicles, energy storage systems, and smart grids, aiming to provide customers with efficient, safe, and environmentally friendly power battery solutions. Chuangyuan Power boasts a high-quality R&D team that masters several core technologies and has established a comprehensive production and quality management system.

2. Environmental Protection

Environmental protection is one of the core aspects of Skysource Power's social responsibility. The company strictly adheres to national and local environmental protection regulations during its operations and actively implements various measures to minimize environmental impact.

1. Material Selection and Green Design

In the design process of power batteries, Skysource Power emphasizes material selection and optimization. The company uses high energy density, long-life, and low-pollution materials such as lithium, cobalt, and nickel, while also actively researching and applying new environmentally friendly materials to reduce dependence on rare and hazardous metals. Additionally, the company promotes modular design, which makes battery components easy to disassemble and replace, facilitating maintenance and recycling.

2. Clean Production Processes

Skysource Power employs advanced clean production processes that generate no waste gas, wastewater, or solid waste during manufacturing. By optimizing production workflows and introducing automated equipment, the company reduces energy consumption, thereby indirectly lowering carbon emissions.

3. Energy Management and Carbon Footprint

The company is committed to optimizing energy management and has been certified for its energy management system. The power batteries produced are equipped with high-efficiency energy management systems (BMS) to monitor and manage utilization, ensuring efficiency, safety, and longevity. By enhancing battery energy density and cycle life, the company reduces carbon emissions from new energy vehicles and energy storage systems. Moreover,Skysource Power promotes the use of renewable energy, such as installing photovoltaic panels on factory rooftops, establishing Jiangsu Province's first new energy recycling demonstration project. This initiative serves as a model for new industrial parks in the province and effectively addresses the significant shortage of public charging stations, significantly reducing the company’s electricity costs.

4. Recycling and Reuse

Skysource Power places great emphasis on the recycling and reuse of batteries. The company collaborates with multiple professional recycling institutions to establish a comprehensive recycling system, ensuring that retired batteries are effectively recovered and valuable materials such as lithium, cobalt, and nickel are extracted. Furthermore, the company actively explores battery remanufacturing and reuse technologies, applying retired batteries in other areas like energy storage systems. The new energy recycling demonstration project established at the company’s site extends the lifecycle of batteries, reduces resource waste, and provides a model for large-scale tiered utilization of batteries for the country, thereby expanding avenues

III. Social Responsibility of Skysource Power

Skysource Power emphasizes employee rights, community development, and social welfare in its commitment to fulfilling social responsibilities, dedicated to achieving harmonious development between the enterprise and society.

1. Employee Rights and Career Development

Skysource Power views employees as the most valuable asset of the company, striving to create a favorable working environment and development opportunities for them. The company strictly adheres to labor laws and regulations to safeguard employees' legitimate rights and interests, providing a competitive compensation and benefits system. Additionally, the company prioritizes career development by regularly conducting various training programs and career planning activities, enhancing employees' professional skills and overall qualifications.

2. Safety Production and Health Management

The company places a high priority on production safety and employee health by establishing a comprehensive safety management system and health management mechanisms. Regular safety inspections and risk assessments are conducted to ensure safety throughout the production process. For employee health, the company offers routine health check-ups, health consultations, and fitness activities, focusing on both physical and mental well-being.

3. Community Development and Social Welfare

Skysouce Power, along with its parent group (Jiangsu Skywell Automotive Group), actively participates in community development and social welfare initiatives, fulfilling its responsibilities as a corporate citizen. The group supports various charitable projects in education, poverty alleviation, and environmental protection through donations and volunteer services, giving back to society. The company also encourages employees to participate in volunteer activities, fostering a sense of social responsibility and enhancing the company's image.

In the summer of 2023, in response to the devastating floods in Zhuozhou, Hebei, Skywell Group dispatched three volunteer teams with over 30 vehicles to deliver urgently needed supplies and goodwill to the disaster area. Additionally, Skywell Group remains attentive to vulnerable groups and promotes social equity and justice. Through its contributions to the Jiangsu Women and Children’s Foundation, the company provides better education and health services for women and children, helping to improve their living conditions and promote social progress.

In January of this year, the 13th Charity Festival was grandly held in Beijing. This charitable event brought together many individuals and businesses dedicated to philanthropy, who collectively witnessed the announcement of multiple charity awards. Skywell Group was honored with the "2023 Corporate Social Responsibility Industry Model Award" at this year's Charity Festival.

The Public Welfare Festival was established in 2011 and is the first holiday in China named after "public welfare," initiated by mass media. The event aims to promote the spirit of public welfare, advocate for charitable actions, and build a platform for in-depth dialogue and cooperation among various parties. After thirteen years of exploration and practice, the Public Welfare Festival has become the most influential annual event in China's public welfare and charity sector.

Skywell Group, to which Skysource Power belongs, has been deeply involved in the new energy vehicle industry for thirteen years. The founder of the group, Mr. Huang Hongsheng, focuses on social issues and is passionate about public welfare initiatives, actively giving back to society. In 2011, he donated 30 million yuan to South China University of Technology. Guided by his vision, the group actively practices the "dual carbon" mission, driving the high-quality development of the enterprise through technological innovation and building a new ecology for people's lifestyles.

Economic Benefits

Skysource Power focuses on achieving a balance between economic, social, and environmental benefits while striving to build a sustainable enterprise.

1. Technological Innovation and Market Competitiveness

Technological innovation is key to Skysource Power's market competitiveness. The company invests substantially in R&D every year, assembling a high-level research team that masters several core technologies. Through continuous innovation, Skysource Power has launched multiple high-performance power battery products, which are widely used in electric vehicles, energy storage systems, smart grids, and other fields, earning significant market recognition and a good reputation.

2. Quality Management and Customer Satisfaction

Skysource Power has established a comprehensive quality management system and obtained certification for it. From raw material procurement and production process control to finished product inspection, the company ensures stability and reliability in product quality. By actively listening to customer feedback, it constantly improves its products and services to enhance customer satisfaction. Through high-quality products and services, Skysource Power has built long-term stable partnerships with its clients, achieving win-win results.

3. Compliance and Risk Management

The company strictly adheres to national and local laws and regulations, maintaining compliant operations. Skysource Power has established a risk management system that regularly conducts risk assessments and controls to ensure sustainable development for the enterprise. The company also strengthens collaboration with its supply chain to encourage suppliers to fulfill their social responsibilities and jointly build a green supply chain.

Future Outlook

Looking ahead, Skysource Power will continue to uphold the philosophy of "green development, technological innovation, and harmonious coexistence," further promoting ecological design and sustainable development strategies. The company will strengthen technological innovation and management optimization to enhance product performance and competitiveness. Additionally, Skysource Power will increase its investment in environmental protection, promote green production and low-carbon development, striving to become a leading enterprise in the new energy power battery industry. The company will also continue to fulfill its social responsibilities by focusing on employee development and community welfare, actively participating in community building to promote social harmony and progress. Skysource Power will adopt a more open and responsible attitude to collaborate with various sectors, jointly committing to green development and the realization of a beautiful future.

Conclusion

Nanjing Skysource Power Technology Co., Ltd. not only pursues economic benefits in the new energy power battery industry but also actively fulfills its social responsibilities, committed to environmental protection and sustainable development. Through technological innovation and management optimization, the company continuously enhances product performance and market competitiveness, providing customers with efficient, safe, and environmentally friendly power battery solutions. Skysource Power will continue its efforts to contribute to green development and ecological civilization, achieving mutual progress for both the enterprise and society