On behalf of the Board of Directors, I am pleased to present the Sustainability Report of China Sunsine Chemical Holdings Ltd. (“China Sunsine” or the “Company”), together with its subsidiaries, collectively the “Group“) for the financial year ended December 31, 2024 (“FY2024“).
2024 has been one of profound transformation and adaptability for businesses around the globe. In the face of a complex economic landscape marked by high interest rate, high inflation, volatile energy prices, persistent geopolitical tensions, and a slowdown in global trade, companies have had to navigate numerous challenges while remaining resilient. The evolving macroeconomic environment, compounded by uncertainties surrounding the global supply chain and climate change, has underscored the need for long-term, sustainable business practices.
Despite these challenges, China Sunsine has made commendable strides in advancing its sustainability agenda while continuing to deliver strong financial performance. The Group’s focus on driving production efficiency and technology innovation has enabled us to weather external pressures and build a foundation for sustained growth. As we work towards aligning our operations with the evolving expectations of global markets, we remain committed to our vision of becoming a leader in green and sustainable production within the rubber chemicals industry.
This year, we have seen continued progress in our major expansion projects, which are critical to supporting the growing demand for our products in both domestic and international markets and secure supply chain by self-sufficiency. Firstly, the Phase 2 expansion of the 30,000-tonne insoluble sulphur project, its construction and installation of machinery has been completed. Trial run is expected to start in the first half of this year. Secondly, the Phase I 30,000-tonne out of total 60,000-tonne per annum High Quality MBT Project (the “MBT Project“) was completed and commercial production commenced in 2024. Phase II 40,000-tonne project is undergoing preparation process. This innovative MBT Project developed jointly by our own R&D team and Tsinghua University is poised to transform the industry with its environmentally friendly, automated, and continuous production processes.
In FY2024, our production and sales volumes continued their upward trajectory, demonstrating the strength of our strategic focus on optimising both capacity and operational efficiency. This was achieved despite ongoing cost pressures from heightened competition. As a result, the Group maintained its market share in both domestic and international markets, reaffirming its position as the world’s largest producer of rubber accelerators and China’s leading rubber chemicals enterprise.
As part of our commitment to sustainability, we are proud to report that our green initiatives have been at the forefront of our operations. From energy conservation and emission reductions to waste management and the continuous upgrade of our environmental protection equipment, the Group continues to invest in sustainable practices that will minimise our ecological footprint. Since last year, we had taken significant steps towards enhancing our understanding of climate-related risks and opportunities, as we worked towards implementing the recommendations of the Task Force on Climate-related Financial Disclosures (“TCFD“).
Our ongoing efforts to promote green production and reduce carbon emissions align with China’s long-term sustainability goals and contribute to the global transition to a low-carbon economy. We are committed to upholding the principles of “green, low-carbon, and sustainable development” in every aspect of our business.
While driving business growth, the Group remains committed to creating value for customers and fulfilling its social responsibilities. China Sunsine’s recognition and influence among customers continue to grow, with most clients now considering Sunsine’s products as their top choice. In 2024, the Company placed employee well-being on par with customer interests, ensuring income growth for its workforce. This strengthened employees’ confidence in the Company’s future, boosted their enthusiasm, and enhanced overall cohesion.
As the Group continues to grow, we remain dedicated to giving back to society. Over the years, China Sunsine has actively participated in various public welfare and social responsibility initiatives, including educational sponsorships, poverty alleviation, and community development projects.
Looking forward, we are confident that our continued investments in innovation, sustainability, and operational excellence will drive the Group’s long-term growth and success. Our vision remains focused on creating value for our shareholders while enhancing our positive social and environmental impact. We are dedicated to working with our customers, partners, and stakeholders to build a more sustainable future for the rubber chemicals industry and beyond.
On behalf of the Board of Directors, I would like to extend my deepest gratitude to all of our employees, customers, business partners, and shareholders for your unwavering support and trust. We look forward to continuing our journey of sustainable growth and contributing to a greener, more prosperous world.
Let’s continue to innovate, grow, and build a sustainable future together.
