Part One Preface to the Report

I. Reporting Preparation Standards

《 Social Responsibility Report 》Reviewed in Social Responsibility Practice the underlying concepts, systems, measures, and achievements. The following clarifies the disclosure content of this report:

(1) Scope of the Report

Organizational scope of the report: Zhejiang Qutu Valve Co., Ltd.

Time frame of the report: From the company’s establishment to... 20 February 25th

Reporting cycle: Annual publication

Report publication format and interpretation: This report is presented in... Electronic Form release On the internet.

Answer Report and Contact Information for Content-Related Issues ：

Contact: Liu Yongyi      Phone: 15356517198

Contact Address: Yangren Road, Yangyi Subdistrict, Lucheng District, Wenzhou City, Zhejiang Province Number 68

(2) Explanation of the Objectivity of the Report Content

This report is prepared entirely based on the company’s actual production and operational conditions. Its content is objective and impartial, free of any false information, and is published regularly to accept public supervision and guidance.

 

 

 

 

 

II. Remarks

In recent years, both the global and domestic economies have been in decline, and raw material prices have continued to rise, posing significant challenges to the market. Faced with the opportunities and challenges brought about by the broader economic and policy environment, our company will remain committed to its mission of creating value and contributing to society. We will continue to actively develop our business in ball valves and ball valve accessories, striving to deliver superior-quality products and first-class service, thereby further enhancing the quality of our ball valves and accessories and ensuring greater customer satisfaction.

The company has consistently attached great importance to corporate social responsibility. As an integral part of the company’s overall strategic framework, we continuously promote a long-term mechanism for corporate social responsibility and gradually integrate sustainable development strategies into every aspect of our business operations.

Focusing on the core business of spherical products and ball valve accessories, we remain committed to product innovation and management improvement. The company grasps the life cycles of both the enterprise and its products, continuously advancing a sustainable development strategy that encompasses products, services, and talent.

In terms of the sustainable development of our products and services, we regard product quality and environmental protection as key factors that ensure the sustainable development of both our company and society as a whole. Ensuring quality and safety is an uncompromising goal for our enterprise. From new product design and raw material procurement to manufacturing and sales, we continuously improve our technologies and optimize production processes, providing everyone with safer, higher-quality products and services. To standardize and enhance our quality management system, our company has prepared the Quality, Environmental, and Occupational Health & Safety Management Manual, starting from quality... The environmental, occupational health and safety management system—covering aspects such as management responsibilities, resource management, product realization, testing and analysis, and continuous improvement—establishes guiding requirements for enterprises’ quality systems.

Enterprises have achieved remarkable results by further reducing pollutant emissions, optimizing the efficiency of energy and resource utilization, enhancing their capacity for process safety management, and strengthening training and supervision in occupational health and safety. At the same time, we are actively promoting environmental protection policies, rigorously controlling the discharge of the three types of waste, and implementing cleaner production practices. Furthermore, through technological advancements, process improvements, and adjustments to production capacity layouts, we are achieving energy savings and emission reductions.

We strictly adhere to supplier management regulations and supplier assessment methods to conduct scientific evaluations of suppliers’ qualifications, production sites, process technology levels, quality assurance systems, and more. We implement tiered management to ensure product quality and safety from the very source.

In terms of sustainable talent development, we are committed to continuously improving our people-centered human resources system, placing great emphasis on the career development of our existing employees and actively cultivating future talent. At the same time, through socially responsible educational donations—including financial contributions, internship opportunities, and university-enterprise collaborations—we are helping to build a pool of outstanding talent for both corporate and societal development.

Over the past year, we have continuously made progress in corporate governance, economics, environmental health and safety, products and services, employees, and society, actively fulfilling our responsibilities as a corporate citizen. In the new year, we will continue to put our social responsibility into practice, striving to achieve comprehensive harmony between our enterprise, society, and the environment.

III. Company Profile

Zhejiang Qute Valve Co., Ltd. was founded in In 2005, the company was first established in Oubei, Yongjia—a region renowned as the "Hometown of China's Pumps and Valves." It is a specialized manufacturer integrating R&D, design, production, sales, and service, focusing on ball valves and other ball valve accessories.

Qute Valve can provide customers with ball valve balls and other accessories in various models, specifications, diameters, pressure ratings, and made from different materials. Pathway 1" to 56", pressure ratings from 150 LB to 2500 LB. The main base materials include A105, LF2, 410, F6A, 4130, 4140, F304, F316, 17-4PH, F51, F53, F55, Monel K400, Inconel, and others. Surface treatments encompass a variety of high-hardness, wear-resistant, and corrosion-resistant materials, such as electroless nickel plating (ENP), tungsten carbide coating (TCC), Stellite hard alloy (STL), and Inconel.

The products are widely used in industries such as petroleum, chemical engineering, natural gas, fertilizer, metallurgy, pharmaceuticals, power generation, mining, and construction. We are also committed to developing international markets, with our products exported to over 20 countries and regions including Europe and the U.S., the Middle East, and Southeast Asia. The company is equipped with advanced and complete supporting facilities, as well as modern, high-precision, specialized processing equipment. While placing great emphasis on upgrading equipment to world-class standards, we place even greater importance on product quality. To ensure both product quality and service quality, the company has established a comprehensive quality management and assurance system.

The company has been established. The 1S09001 quality management system positions our products at the forefront of the industry. The company consistently adheres to the spirit of technological innovation, customer first, quality-based approach, integrity-driven operations, and seeking truth from facts, and is fully committed to providing users with high-quality valve products and even more comprehensive after-sales services.

Part Two Report Body

I. Overview of Operations and Development

(1) Nearly one Annual Business Performance

Over the past year, thanks to the concerted efforts of all employees, the company has innovatively overcome challenges and jointly tackled difficulties in the face of a tough external environment. Key economic indicators—such as production and sales volume, revenue, and profit—have remained stable, and the company’s overall economic performance has grown steadily, enabling it to successfully achieve all its annual targets and objectives.

(2) Future Development Plan

The company has set its strategic plan for the next five years as: The “growth-oriented strategy” is centered on quality management, driven by technological innovation, guided by market demand, supported by talent development, and powered by management innovation. It aims to further expand market share and enhance the visibility of our domestic brand, simultaneously focusing on both product quality and brand building. Adapting to changes in the market environment, the company continuously adjusts its business direction and objectives.

II. Social Responsibility Practices

(1) Corporate Governance System

The company seamlessly integrates corporate governance with production and operational activities. In strict accordance with the requirements of the Company Law of the People’s Republic of China and relevant national laws, regulations, and rules, the company has established a modern enterprise system, perfected its corporate governance structure, and standardized its operational procedures. The company has adopted a flat organizational structure, reasonably reducing management levels, shortening vertical communication distances, and enhancing work efficiency. Each department serves as both an internal customer and a service provider for other departments; the dual-loop system of job responsibilities is closely interconnected, fostering communication and collaboration among employees at all levels and maximizing the organization’s operational efficiency.

Company organizational chart

 

 

 

 

 

 

 

 

 

Based on the company’s development needs, establish the responsibilities of each department, along with their job descriptions and authorities. Formulate position responsibility manuals.

To better listen to and incorporate the various opinions and suggestions from employees and customers, and to facilitate effective communication and knowledge sharing across different departments, positions, and regions, the company has specifically designed a work system and established targeted departments for different types of information communication and feedback, clearly defining their respective responsibilities.

All departments at various levels of the company work together to ensure the quality of the company’s products and services, in accordance with clearly defined job descriptions and authorities.

(2) Protection of Shareholders' Equity

The company places great importance on protecting the interests of its shareholders. After the year-end financial statements have been audited, they are submitted to the Board of Directors for approval of the profit distribution plan, which, once approved by the Shareholders’ Meeting, is then distributed to shareholders. When deliberating on major matters, the company convenes a Shareholders’ Meeting to effectively safeguard shareholders’ rights and interests.

(3) Protection of Employee Rights and Interests

While pursuing its own development, Qiu Te never forgets the employees who have consistently contributed to the company. The company’s leadership is deeply concerned about the needs of its employees and genuinely conveys the company’s care and attention to every single employee, ensuring that all employees can share in the fruits of the company’s growth.

1. Create a people-oriented work environment that is healthy, safe, and comfortable.

( 1) To ensure the safety of employees’ lives and their occupational health, the company has established a Safety Production Committee. The Safety Production Committee strengthens all employees’ safety awareness and reduces the incidence of accidents by conducting safety training and organizing safety competitions. The company strictly implements the “Labor Law of the People’s Republic of China,” the “Safety Production Law of the People’s Republic of China,” and the “Law of the People’s Republic of China on Prevention and Control of Occupational Diseases.” For special job categories, the company provides special protective measures and equips employees with the necessary personal protective equipment.

( 2) To standardize safe operations, the company conducts regular 5S safety inspections of both workshop and office areas, promptly documenting any potential safety hazards and making improvements to the workshop and office environments. The company encourages employees to report unsafe conditions and non-compliant practices through internal meetings or written documents, and to submit suggestions for improvement. Additionally, the company organizes various activities each year to involve employees in efforts to enhance workplace safety.

( 3) In the company’s workshop environment, the factors that most significantly affect employees’ health are dust, noise, and high temperatures. For dust and noise, the company implements monitoring in accordance with the standards required by the environmental impact assessment and acceptance procedures, ensuring compliance. As for high temperatures, the company has installed air conditioners in office areas and provided cooling fans and ventilators in the workshops, effectively controlling the ambient temperature and enabling employees to work in a comfortable environment. During the hot summer months, the company also distributes free cooling food and beverages to employees, allowing them to feel the company’s care and concern for their well-being.

2. Protect employees’ rights and interests, show care for employees, provide various benefits, and address the practical issues and challenges employees face in both their work and personal lives.

Contract signing rate for various types of employees in the company 100% compliance with the contract, overtime hours are paid in accordance with national laws and regulations, social insurance contributions are fully made as required by law. The company has established a wage distribution system centered on a job-performance-based pay structure, in compliance with relevant national labor laws and regulations, and ensures that employee salaries are paid on time and in full, aligning employee compensation with the company’s business performance.

Senior leaders promptly listen to the voices of employees, gain insight into the effectiveness of employee support and safeguard measures, and further address the practical issues and challenges employees face in their work and daily life. For employee complaints that are submitted with names, the company has established a smooth and efficient channel for managing employee grievances. Whether it’s suggestions or feedback, detailed responses are provided to personnel at all levels, ensuring that employees know the company is attentive to their ideas and values their input.

The company actively promotes The “people-oriented” management philosophy, while identifying the needs of personnel in different job categories, also pays special attention to specific groups within these populations—for example, focusing on factors such as the working environment, working hours, workload intensity, long-term career development, and equal opportunities for female employees. In response to the growing number of... 0 The characteristics of the post-00s generation are receiving increasing attention. At the same time, the company has developed various support measures tailored to the needs of employees at different levels and provides targeted, personalized, and comprehensive support to its staff, thereby transforming the company into a true platform for growth. The company actively conducts employee satisfaction surveys on an irregular basis to promptly gather employees’ needs and expectations and proactively address them. Employee satisfaction is exceptionally high.

Employees are the company’s most valuable asset, and the company’s long-term development is inseparable from the hard work and dedication of all its employees. Zhejiang Qutu Valve Co., Ltd. has always adhered to a people-oriented approach, tirelessly striving to provide employees with a comfortable working environment, excellent benefits, and ample opportunities for growth and development—empowering them to feel confident and enthusiastic about the company’s future. During holidays and special occasions, in recognition of employees’ hard work and commitment to the company, we carefully select and distribute a variety of thoughtful gifts to all staff members, expressing our heartfelt holiday greetings and care for our employees.

3. Actively provide employees with various types of training, help them develop career development plans, and ensure smooth promotion channels.

To ensure that employees with diverse abilities, competencies, and career interests can all find suitable career advancement paths, the company has clarified the promotion evaluation and management procedures for different job families, thereby providing employees with: The dual-track career development system—combining both “horizontal” and “vertical” paths—fully provides employees with continuous opportunities for advancement. Employees can choose among “vertical development, horizontal development, and integrated development” based on their own individual circumstances.

Building on the foundation of providing employees with clear career development guidance, the company has also actively established a variety of learning and growth platforms, such as its three-level training program, employee job rotation initiatives, and a reserve talent development plan. In addition, the company collaborates with renowned training institutions to offer training in areas including quality, safety, and personal skills, thereby helping employees achieve their career aspirations. As a result, a positive cycle of pre-employment training, post-employment development, and continuous skill enhancement has been preliminarily established, fostering employees’ rapid and stable career growth.

4 Organize and carry out mass activities in various forms.

The company actively encourages employees to participate in mass quality management, fully leveraging the strengths of each employee to enhance the company’s quality and efficiency. The company’s mass quality management activities adhere to... The principle of “wide mobilization and full participation” positions ordinary frontline employees as the main force behind quality innovation. We leverage rationalization proposals and 5S activities as platforms for company-wide quality initiatives, and through various technical competitions and rankings of rationalization proposals, we inspire employees’ enthusiasm for participation. The company provides the necessary resources for these activities and actively recognizes, rewards, and motivates employees by evaluating their achievements, thereby fostering their engagement in quality management efforts.

Employee training

 

 

 

 

 

 

 

(4) Protection of the rights and interests of other relevant parties, such as customers and suppliers

The company adheres to The core values of “Integrity, Innovation, Performance, and Harmony” are guided by the principle of “win-win cooperation,” fostering friendly consultations and collaboration with stakeholders such as customers and suppliers. We strictly adhere to contractual obligations, maintain honest and trustworthy relationships, achieve mutual benefits and win-win outcomes, and promote common development and shared value creation. The company safeguards customer interests primarily through the following measures: ensuring product safety and efficacy throughout the entire process—from production to logistics; establishing a comprehensive mechanism for handling product quality issues and complaints; providing all-around product usage advisory services; implementing a customer management system characterized by regular visits from sales representatives and managers; and continuously improving the customer satisfaction survey mechanism. The company has consistently upheld the principles of honest business practices, shared benefits, and mutual reciprocity, constantly refining its procurement processes and mechanisms. In supplier management, we adopt risk-management approaches and lifecycle models, cultivating long-term collaborative relationships with suppliers of raw and auxiliary materials. We continually strengthen supplier management and assist suppliers in enhancing their quality management capabilities. We have signed quality agreements with key material suppliers, clearly defining the quality responsibilities of both parties in these agreements. We have established operational procedures for auditing and approving material suppliers, specifying supplier qualifications, selection criteria, quality assessment methods, audit content, evaluation standards, composition and qualifications of quality auditors, as well as the frequency of on-site quality audits and the procedures for approving material suppliers.

(5) Environmental Protection and Sustainable Development

1 Energy conservation and emission reduction

Emphasizing energy conservation, consumption reduction, and environmental protection: Actively launching monthly campaigns for energy conservation and consumption reduction, establishing energy-saving and consumption-reduction task forces, setting up clean-production task forces, and setting up safety management departments. Integrating energy-saving and environmental protection measures into the manufacturing process, continuously improving production workflows, optimizing production techniques, researching new environmentally friendly and energy-efficient process technologies, reducing material and energy consumption, minimizing waste generation, and striving to build green factories that are harmless to the environment.

The company has established and is operating. The ISO14001 environmental management system conducts both scheduled and unscheduled inspections to evaluate the operation of the company’s environmental management system. The company employs advanced processes, technologies, and equipment to fully implement cleaner production, reduce unit consumption, enhance raw material utilization, and minimize pollutant generation at the source. All pollution prevention and control measures have been effectively implemented, with particular emphasis placed on the following key areas:

(1) In terms of wastewater prevention and control

The company discharges domestic wastewater, which has been treated through a septic tank before being routed into the municipal sewage network. The main pollutants in this domestic wastewater are: CODCr, ammonia nitrogen, and petroleum—The company conducts routine inspections of pipelines within the region to prevent leakage incidents. It also maintains strict management of chemical usage on a daily basis to minimize pollution generation. Annual testing results consistently show compliance with standards.

(2) Regarding exhaust gas control and prevention

The unorganized emissions from the company mainly originate from the generation of deburring dust. (The primary pollutant is particulate matter), welding fumes (the primary pollutant is particulate matter), and “leakage and emissions” from production equipment.

① Metal dust has a high specific gravity and is blocked by factory structures, so it mostly settles within the workshop and is collected for disposal as solid waste. The volume of welding exhaust gases is very small; after being treated by a mobile welding fume purifier, they are discharged from the workshop. ② The “leakage and fugitive emissions” from production equipment generate only a small volume of exhaust gases, which are unorganized emissions with minimal impact on the external environment.

(3) Noise Control Measures

Select low-noise equipment and arrange the locations of high-noise equipment reasonably. Implement vibration reduction measures for the equipment, and use materials with excellent sound insulation in the workshop. Strengthen equipment maintenance and upkeep to ensure that the equipment operates in optimal condition. Reasonably schedule working hours, strengthen environmental awareness education for employees, and prevent man-made noise. Noise emissions at the plant boundary shall comply with the standards specified in the "Environmental Noise Emission Standard for Industrial Enterprises' Plant Boundaries" (GB12348-2008). The inspection results show that the standards have been met.

(4) Solid Waste Prevention and Control

According to The principles for solid waste management—“resource utilization, reduction, and harmlessness”—require that solid waste be properly disposed of in accordance with regulations, the comprehensive utilization rate be improved, and secondary pollution be prevented. General industrial solid waste that is recyclable shall be entrusted to designated recycling entities for recovery and disposal. Domestic waste, after collection, shall be entrusted to sanitation authorities for removal and treatment. All of the above-mentioned solid wastes can be classified and disposed of in compliance with relevant regulations.

(5) In terms of energy conservation and consumption reduction

The company adheres to a green and ecological approach. The “green manufacturing” concept, which employs energy-saving facilities and equipment, has significantly reduced electricity consumption.

II. We have improved the environmental protection management system. We have strengthened daily management and the maintenance and inspection of various types of equipment, developed emergency response plans for accident handling, and implemented all necessary emergency response measures to ensure... The “three wastes” are fully and stably discharged in compliance with standards, and solid waste is safely disposed of.

2 Green and environmentally friendly

The company actively responds to the nation's construction efforts. In response to the call for “resource-conserving and environmentally friendly” enterprises, we place great emphasis on environmental protection responsibilities, consistently and fully implementing the Scientific Outlook on Development and environmental protection measures. We strictly comply with national and local laws, regulations, and emission standards related to environmental protection, diligently enforce all environmental management systems, actively pursue a sustainable development strategy, continuously promote energy conservation, emission reduction, and environmental protection efforts, and strive for coordinated economic and environmental development.

The company places great importance on education in energy-saving and clean production, adheres to a policy of environmental, occupational health, and safety management, and continuously strives to promote clean production.

(6) Public Relations and Social Welfare Initiatives

Public relations serve as a bridge for enterprises to communicate with the outside world, and public welfare initiatives are an important way for enterprises to give back to society. While focusing on corporate development, the company places great importance on maintaining strong public relations, actively participates in social welfare activities, and promotes the common progress of both the enterprise and society. Harmony. of the Public Relations and Good public relations help shape a company’s image. The company consciously and actively cooperates with the supervision and inspections conducted by government authorities; proactively pays attention to public opinion, accepts media interviews, and shares relevant information about the company with all sectors of society. Moreover, the company humbly welcomes feedback and suggestions from all quarters, fully respects all groups and individuals associated with the company, and thus builds harmonious public relations.

The company has always remained committed to giving back to society and fulfilling its social responsibilities, consistently regarding public welfare activities as an important component of its corporate endeavors. Senior management and relevant departments systematically plan and organize support for public welfare initiatives, determining the principles and priorities for allocating resources based on the company’s different stages of development and strategic priorities—ensuring that such efforts not only genuinely benefit society but also contribute positively to the company’s growth and development.

As a member of the Zhejiang Province Pump and Valve Industry Association, the company pays annual membership fees to promote industry development.

Association Member

 

 

 

 

 

 

In 2023, the company donated 3,000 RMB to the Red Cross Society of Lucheng District, Wenzhou, to help disadvantaged groups.

Donation Certificate

 

 

 

 

 

 

 

 

 

 

 

 

The company pays special attention to internship programs for college students, actively providing internship opportunities and offering a great platform for current students to integrate into society. And... In 2023, it was recognized by the Wenzhou Municipal Bureau of Economy and Information Technology as a “Second Batch of Industry-Education Integration Sites in Wenzhou.”

Industry-Education Integration Site

 

 

 

 

 

 

 

Going forward, the company will continue to assist disadvantaged groups, consistently contribute to public welfare initiatives, and keep adding our part to the nation’s charitable endeavors, making society a warmer and more compassionate place.

 

The future domestic and international situation is unpredictable. The company will seize opportunities, meet challenges head-on, and strengthen efforts to enhance brand value, continuously improving its brand image and premium pricing power. We will also focus on elevating product quality to drive sales growth; boost production efficiency to better align with market demands; improve operational quality to substantially enhance profitability; and elevate management standards by innovating management models and achieving breakthroughs in management practices. The company will continue to earnestly fulfill its social responsibilities: deepening corporate governance norms and ensuring stable operations to deliver greater returns to shareholders; fully motivating employees, providing them with ample room for career development, consistently showing care for our staff, actively listening to their voices, and effectively advancing the two core initiatives—strengthening ideological and cultural development and enhancing our corporate image—to foster a strong employee spirit. We will also strengthen communication and collaboration with stakeholders, maintaining strategic partnerships based on equality, mutual benefit, and integrity. Furthermore, we will step up product design efforts, continually enrich our product portfolio, ensure superior product quality, optimize customer service, enhance customer communication, and maximize customer satisfaction. Finally, we will remain committed to implementing the Scientific Outlook on Development and actively engage in environmental protection efforts. ， Improve environmental protection systems, leverage environmentally friendly equipment and technologies to reduce and prevent pollution, and intensify environmental awareness campaigns. ， Launch environmental protection and energy-saving initiatives to enhance employees’ awareness of environmental protection and energy conservation, and build a green and environmentally friendly enterprise. Continuously maintain public relations, enthusiastically engage in social welfare activities, shape a positive corporate image, drive local economic development, and strive for harmonious coexistence between the enterprise and society.