OnMarch 14th, Pengxin Mining released the “Annual Report for 2017”,meanwhile, it also published, for the first time, the “Social ResponsibilityReport” (click to download), which is compiled in accordance with relevantrequirements of the “United Nations Global Compact”, “Chinese Academy ofSciences Social Responsibility Report Guidelines” and “Guidelines for Compilingthe Social Responsibility Report of Stock Exchanges”.
In addition to fully disclose the corporategovernance, risk management, economic development and social services, the“Social Responsibility Report for 2017” (click to download) has also demonstratedthe strategic direction and important initiatives taken by Pengxin Mining tofulfill their social responsibilities with detailed data and examples, so as tohelp stakeholders to have an in-depth understanding of the commitments of PengxinMining to the country, society, environment, shareholders and investors,customers and employees in 2017. Here are some of the key points:
- In 2017, Pengxin Mining has realized an operating income of RMB 6,056,409,013.61 Yuan, an increase of 136.57% year on year; net profit attributable to shareholders of listed companies of RMB 301,229,424.95 Yuan, an increase of 484.99% year on year.
- In2017, holding up to its growing trend, the tax revenue paid by Pengxin Miningto the State reached to RMB 76 million Yuan.
- Pengxin Mining provided 1307 vacancies to thesociety, showing an increase of more than 33% year on year; Pengxin Mining SMCOcontinued to increase the opportunities of employment for Congo (Kinshasa), andthere were 709 Congolese employees worked in Pengxin Mining SMCO in 2017.
- Pengxin Mining has actively maintained localenvironmental safety while effectively promoting the development of the localeconomy. The environmental protection expenses have reached US$217,452 in 2017.
- Pengxin Mining, as always,continue to contribute to the public welfare undertakings.
- Pengxin Mining has alwaysfocused on corporate culture construction, actively carried out various kindsof activities, such as training and team development, etc., so as tointernalize the core value of “loyal, responsible, hard work, cooperative andambitious” to be the conscious behaviors of employees.
- Pengxin Mining provides anexcellent platform for the development of employees through various measures,including talent training programs, incentive system, welfare policies andemployee care program, etc.. The “Employee Equity Incentive Scheme” launched in2017 carried out a 4.88 million employee equity incentive plan for 41 keyemployees at headquarters and subsidiary companies。
- In terms of customerrelationships, Pengxin Mining is gradually improving its supply chainmanagement, perfecting upstream and downstream supply chain relationships, aswell as integrating and optimizing the information flow, logistics and capitalflows in the supply chain.
- Pengxin Mining has alsoperfected the corporate governance structure, which effectively protected theinterests of listed companies and all shareholders.
- Pengxin Mining hasstrengthened the management of information disclosure and investors’ relationsthrough revision of the official website, establishment of WeChat publicaccount, and roadshows, etc.
“SocialResponsibility Report for 2017" has truly reflected theaccountability of Pengxin Mining for social responsibility, and Pengxin Miningis very pleased and proud to fulfill its commitment to the country, society,environment, shareholders and investors, customers and employees. PengxinMining is determined to unite the development strategy of the company with thestrategic goal of harmonious development of the country continuously and keepon pressurizing itself to create more value for the country, society andstakeholders.
