Recently, the Ministry of Industry and Information Technology released the 2023 Green Manufacturing List, and Prinx Chengshan (Shandong) Tire Co., Ltd. was once again awarded the national-level "Green Factory" title for its outstanding achievements in green and quality development. Prinx Chengshan was awarded the first batch of "National Green Factories" in China in 2017. We have successively won the national "Green Supply Chain Management Enterprise" and "Industrial Product Green Design Demonstration Enterprise", and have participated in several national standards related to the intelligent manufacturing of green tires in China. For many consecutive years, our comprehensive energy consumption per product unit has been ranked first in the tire industry.
As a representative of "new intelligent manufacturing" in China's tire industry, Prinx Chengshan has always adhered to the concept of sustainable development. In recent years, we have continuously increased investment in two major green intelligent production bases in China and Thailand, accelerating the construction of a green advanced manufacturing system with green standards, eco-friendly factories, sustainable products, and good environmental practices as its core.
Among them, Shandong Tire Production Base combines PLM and MES systems and implements a lean quality management model with intelligent leadership at its core throughout the product life cycle. By adapting to the changing times and constantly iterating, it has successfully established a national green manufacturing system by replacing production lines and equipment cores. This project serves as a pilot for the integration of advanced manufacturing and modern service industries, showcasing an intelligent manufacturing model that drives the accelerated development of greening and leads the industry to a new stage.
At present, the base has fully achieved networked energy control, low-carbon energy utilization, clean and purified tire production, and harmless raw materials. In water recycling and nitrogen recovery and utilization, it has reached the leading level in the industry. The "National Green Tire Intelligent Factory Standard Application Pilot Project" has been approved as the only national-level "Intelligent Manufacturing Standard Application Pilot Project" in the industry. The base has been the leader in energy efficiency of major energy-consuming products in China's petroleum and chemical industry for six consecutive years, and has achieved the highest rating (AAA) as a tire enterprise in the Green Development Index for Automobile and Parts Enterprises (GDI).
With green technology driving sustainable development, and constantly exploring the integration of green digital intelligence technology, Prinx Chengshan continues to focus on customer orientation. We strive to transform our entire value chain from marketing, procurement, R&D, and manufacturing to service by fully utilizing the energy-saving potential of major energy-consuming products. We are committed to developing a new generation of low-carbon, eco-friendly, safe, and comfortable high-performance tire products while achieving on-demand production and rapid iteration. As early as 2021, we obtained certification for the Ministry of Industry and Information Technology's five major series of green products, leading the industry by achieving 80% product greening.
Our Zhianda Intelligent Tire Service relies on ultra-long distance commercial vehicle tire products and innovatively adopts a model of big data intelligent central control, customized terminal services, and green tire recycling. This forms an efficient green closed-loop throughout the entire transportation lifecycle.
We have also continuously made breakthroughs in the research and development of high-performance, low rolling resistance, and new energy EV products. Multiple technologies have been recognized as world leaders, and our new energy tire laboratory has been designated as a municipal key laboratory in 2023.
In the future, Prinx Chengshan will continue to enhance its green manufacturing and service system, leading the industry in green development and driving a new model of green management while achieving its own sustainable growth. Based on the ESG approach, we will actively implement the national goals of peaking carbon emissions by 2030 and achieving carbon neutrality by 2060 to help address global climate change and promote green and sustainable development.
