Luen Mei Group Releases 2024 Social Responsibility Report, Driving Sustainable Development Through Green Innovation

On March 11, Luen Mei Group officially released its 2024 Social Responsibility Report, providing a comprehensive overview of its green development initiatives across key sectors including integrated energy, new energy, real estate operations, mass consumption, and sci-tech innovation. This marks the second consecutive year the Group has voluntarily issued a social responsibility report, underscoring its deepening commitment to a green growth strategy.

Against the backdrop of a new era marked by the rapid shift toward a green and low-carbon economy and society and the further implementation of China’s “dual carbon” strategy, Luen Mei Group remains steadfast in its commitment to sustainability under the guiding vision of “Connect the Future and Create a Beautiful Life”. The Group focuses on industry and innovation, integrating environmental, social, and governance (ESG) principles into its industrial synergy and integrated development. By leveraging both technological innovation and enhanced management practices, Luen Mei Group is expanding its portfolio of green and low-carbon products and services. Through close collaboration with partners across the industrial and value chains, the Group is actively exploring viable pathways for sustainable, green, low-carbon development.

In the integrated energy sector, Luen Mei Quantum (600617.SH), a subsidiary of Luen Mei Group, is shaping new quality productive forces through green productivity. Luen Mei Quantum continues to provide society with comprehensive energy solutions by leveraging multi-energy complementarity and integrated utilization technologies. The company promotes the practical application of green and environment-friendly technologies such as recycled water-based heat pumps and flue gas waste heat recovery. In 2024, Luen Mei Quantum graced the “China’s Top 500 Energy Enterprises (Groups)” list for the fifth consecutive year, and earned multiple accolades including the Most Socially Responsible Listed Company Award, the ESG Golden Bull Award for “Top 50 Carbon Neutral Companies”, and the “Green Energy Star – Excellence Award”.

In the new energy sector, Battery Science & Technology, another subsidiary of Luen Mei Group, with a focus on the new energy industry, has developed a proprietary fully automated, discharge-free recycling and dismantling process that effectively resolves key industry challenges such as electrolyte condensation, battery dust blockage, and low material recovery rates. This breakthrough has significantly advanced the sustainable development of the new energy vehicle industry. In 2023, the company achieved carbon neutrality, becoming the first zero-carbon factory in China’s lithium battery recycling sector. In 2024, Battery Science & Technology proactively released its ESG report, and its technological processes have been included in the National Catalogue of Advanced and Applicable Processes, Technologies and Equipment for Comprehensive Utilization of Industrial Resources and the National Directory of Advanced Pollution Prevention and Control Technologies.

In the real estate sector, Luen Mei Real Estate, a subsidiary of Luen Mei Group, continues to implement the “green building” philosophy by actively promoting low-carbon and energy-efficient construction. The company is committed to improving the quality of the living environment, developing landmark green commercial spaces, and fostering a healthy and sustainable lifestyle—contributing to the shared creation of a sustainable society. In 2024, the company was honored with the Gold Award at the 10th MUSE Design Awards and recognized as a “Cultural and Tourism Integration Demonstration Site” in Qingpu District, Shanghai. Also in 2024, the SHOWAY ARTS SPACE for FAMILIES received the “New Performing Arts Space” designation from the Shanghai Performance Trade Association, and the venue hosted 89 performances and introduced 12 international children’s plays from 9 theatre companies across 7 countries, greatly enriching the cultural life of Shanghai’s family audiences and supporting the city’s vision of becoming a diverse, artistically inclusive metropolis.

In the sci-tech innovation sector, Mega-info Media (301102.SZ), another subsidiary of Luen Mei Group, is at the forefront of developing and applying intelligent digital technologies to accelerate a multi-dimensional, eco-conscious transformation of the outdoor media industry. With innovative application of cutting-edge innovations such as AIGC, the company is expanding the creative and expressive possibilities of urban culture and public art. In 2024, Mega-info Media continued to strengthen its dominance in high-speed rail digital media resources, with operations spanning 31 provincial-level administrative regions in China and managing 5,310 digital media screens nationwide. Notably, the company holds exclusive rights to all media resources at Guangzhou Baiyun Railway Station—a world-class railway hub—reaching an annual passenger flow of over 2 billion. Additionally, Mega-info Media proactively expanded into the Shenzhen Luohu commercial district, launching a “railway + business district” dual-scene communication initiative in collaboration with the flooring brand Power Dekor. The project, titled Take Home, showcases the company’s growing capabilities in AIGC-based digital content creation and provides a dynamic platform for the integrated expression of urban culture and brand storytelling. In 2024, Mega-info Media was named among the “Top 500 Asian Brands”, received the “Most Promising IT Listed Company” award, and earned top honors including the “China Outdoor Advertising Excellence” title and the “OOH Contextual Marketing Award”.

In the mass consumption sector, Guizhou Anjiu, a subsidiary of Luen Mei Group, remains firmly committed to ecological protection and resource recycling. Rooted along the banks of the Chishui River, the company is dedicated to crafting premium-quality Baijiu. In 2024, Guizhou Anjiu, as one of the first “Eco-Friendly Baijiu Enterprises” in Guizhou, a “Green Factory” by the province, and a representative of Guizhou’s “Intangible Cultural Heritage”, achieved 100% eco-friendly resource recovery of distiller’s grains, positioning it as an industry leader in carbon reduction performance. It has also pioneered an innovative “yellow water separation and downstream circulation treatment” process, which classifies and separates high-concentration fermentation wastewater for targeted treatment—effectively addressing long-standing wastewater challenges in the Baijiu industry. Since the beginning of 2024, Guizhou Anjiu has received numerous accolades, including the “Top 10 Baijiu Brands in Zunyi”, the “Contribution Award for Famous Baijiu Brand Revival”, the “Qingzhuo Award”, and both the Annual New Product and Innovative Design Awards at the “Chishui River Awards”. It also earned a Gold Medal at the prestigious International Wine & Spirit Competition (IWSC).

Additionally, Luen Mei Group upholds its fundamental mission of serving the real economy through finance, striving to deliver higher-quality and more efficient financial services via a multi-tiered financial support system, thereby contributing financial strength to advancing the Chinese path to modernization. By investing in enterprises such as Guoren P&C and Xingbang Financial Leasing, the Group supports the transformation and upgrading of the real economy. Its efforts span a diverse range of sectors—including sci-tech innovation, new energy, and biomedicine—driving the deep integration and virtuous cycle of “technology–industry–finance” to promote multi-dimensional, high-quality development.

Luen Mei Group reaffirmed its unswerving commitment to long-term and sustainable growth. The Group will continue to enhance its capabilities in sustainable development, contributing to economic prosperity, social advancement, and environmental harmony—writing a brighter chapter in its mission for a better future.