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Huagong Tech Co Ltd

Common Name
Huagong Tech
Country
China (Mainland)
Sector
Industrials
Industry
Electrical Equipment & Parts
Employees
9,462
Ticker
000988
Exchange
SHENZHEN STOCK EXCHANGE
Description
Huagong Tech Co., Ltd. is an innovative technology company specializing in the development and production of laser processing equipment and opto-electronic products. The primary function of Huagong Te...

Huagong Tech's GHG Emissions Data Preview

In 2025, Huagong Tech completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

However, Huagong Tech has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2025202420232022-2019
Total Scope 1
1,138.68a
1,198.94a
836.28a
Total Scope 2
Unspecified Calculation Method
54,043.61a
44,689.08a
43,022.94a
Total Scope 3
487.83a
276.84a
282.12a
Total Scope 1 Revenue Intensity (tCO2e/$M)
0.5553a
0.7473a
0.5822a
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Verified Sources Behind Huagong Tech’s Greenhouse Gas (GHG) Emissions Data

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a. Huagong Tech's Prospectus 2025

Insights into Huagong Tech's Operational Emissions

In 2025, the total operational greenhouse gas (GHG) emissions of Huagong Tech amounted to 55,182.29 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2024, the total operational greenhouse gas (GHG) emissions of Huagong Tech increased by 20.25%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Huagong Tech's Scope 1 Emissions Over Time

20232024202503006009001.2 ktCO2e+43%-5%
  • Total Scope 1
  • Year-over-Year Change

What are Huagong Tech's Scope 1 emissions?

In 2025, the total Scope 1 emissions of Huagong Tech were 1,138.68 metric tons of CO₂ equivalent (tCO₂e).a

Has Huagong Tech reduced its Scope 1 emissions over time?

Since 2023, Huagong Tech's Scope 1 emissions have increased by 36.16%, reflecting a rising long-term trend in Scope 1 emissions over time.a

Compared to the previous year (2024), Huagong Tech's Scope 1 emissions decreased by 5.03%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Huagong Tech's Scope 2 emissions?

In 2025, Huagong Tech reported Scope 2 greenhouse gas (GHG) emissions of 54,043.61 tCO₂e without specifying the calculation method.a

Has Huagong Tech reduced its Scope 2 emissions over time?

Since 2023, Huagong Tech's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 25.62%, reflecting a rising long-term trend in Scope 2 emissions over time.a

Compared to the previous year (2024), Huagong Tech's Scope 2 emissions (Unspecified Calculation Method) rose by 20.93% in 2025, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya

What methodology does Huagong Tech use for Scope 2 reporting?

In 2025, Huagong Tech reported its Scope 2 emissions using an unspecified methodology.a

Huagong Tech's Scope 2 Emissions Over Time

202320242025015 k30 k45 k60 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Huagong Tech's Value Chain Emissions

In 2025, Huagong Tech reported 487.83 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2025 disclosure of Huagong Tech includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Huagong Tech's Scope 3 Emissions Over Time

2023202420250150300450600tCO2e-2%+76%
  • Total Scope 3
  • Year-over-Year Change

What are Huagong Tech's Scope 3 emissions?

In 2025, Huagong Tech reported total Scope 3 emissions of 487.83 metric tons of CO₂ equivalent (tCO₂e).a

Has Huagong Tech reduced its Scope 3 emissions over time?

Since 2023, Huagong Tech's Scope 3 emissions have increased by 72.92%, reflecting a rising long-term trend in Scope 3 emissions over time.a

Compared to the previous year (2024), Huagong Tech's Scope 3 emissions increased by 76.21%, suggesting that the company faced challenges in reducing emissions across its value chain.a

Insights into Huagong Tech’s GHG Emissions Intensity Compared to Industry Peers

In 2025, Huagong Tech reported Scope 1 greenhouse gas (GHG) emissions of 1,138.68 tCO₂e and total revenues of USD 2,051 millions. This translates into an emissions intensity of 0.56 tCO₂e per millions USD.a

Huagong Tech's Scope 1 Emissions Intensity Compared to Peers

2005,000200,0005,000,000100,000,000Scope 1 Emissions (tCO2e)2001,0005,00050,000200,000Revenues (Millions of USD)Sungrow Power SupplyYear: 2024Scope 1: 6,426 tCO2eRevenue: $M 10,667Scope 1 Intensity: 0.60 tCO2e/$MContemporary Amperex TechnologyYear: 2025Scope 1: 2,854,671 tCO2eRevenue: $M 60,522Scope 1 Intensity: 47.17 tCO2e/$MZhejiang Chint ElectricsYear: 2025Scope 1: 4,690 tCO2eRevenue: $M 8,448Scope 1 Intensity: 0.56 tCO2e/$MChina XD ElectricYear: 2025Scope 1: 12,402 tCO2eRevenue: $M 3,401Scope 1 Intensity: 3.65 tCO2e/$MTbeaYear: 2025Scope 1: 25,609,611 tCO2eRevenue: $M 13,901Scope 1 Intensity: 1,842.30 tCO2e/$MJiangsu Zhongtian TechnologyYear: 2025Scope 1: 49,834 tCO2eRevenue: $M 7,499Scope 1 Intensity: 6.65 tCO2e/$MEVE EnergyYear: 2025Scope 1: 118,346 tCO2eRevenue: $M 8,780Scope 1 Intensity: 13.48 tCO2e/$MShenzhen Inovance TechnologyYear: 2025Scope 1: 3,891 tCO2eRevenue: $M 6,442Scope 1 Intensity: 0.60 tCO2e/$MZhuhai CosMX BatteryYear: 2025Scope 1: 50,679 tCO2eRevenue: $M 2,058Scope 1 Intensity: 24.62 tCO2e/$MShenzhen Woer Heat-shrinkable MaterialYear: 2025Scope 1: 3,326 tCO2eRevenue: $M 1,206Scope 1 Intensity: 2.76 tCO2e/$MRonbay TechnologyYear: 2025Scope 1: 14,141 tCO2eRevenue: $M 1,752Scope 1 Intensity: 8.07 tCO2e/$MSanxing MedicalYear: 2025Scope 1: 1,984 tCO2eRevenue: $M 2,051Scope 1 Intensity: 0.97 tCO2e/$MXj ElectricYear: 2025Scope 1: 1,500 tCO2eRevenue: $M 2,141Scope 1 Intensity: 0.70 tCO2e/$MHenan Pinggao ElectricYear: 2025Scope 1: 4,983 tCO2eRevenue: $M 1,788Scope 1 Intensity: 2.79 tCO2e/$MState Grid YingdaYear: 2025Scope 1: 643 tCO2eRevenue: $M 1,708Scope 1 Intensity: 0.38 tCO2e/$MEaspringYear: 2025Scope 1: 46,686 tCO2eRevenue: $M 1,482Scope 1 Intensity: 31.51 tCO2e/$MNingbo Orient Wires & CablesYear: 2025Scope 1: 943 tCO2eRevenue: $M 1,549Scope 1 Intensity: 0.61 tCO2e/$MQingdao TGOOD ElectricYear: 2025Scope 1: 6,472 tCO2eRevenue: $M 2,255Scope 1 Intensity: 2.87 tCO2e/$MHongfa TechnologyYear: 2025Scope 1: 9,120 tCO2eRevenue: $M 2,457Scope 1 Intensity: 3.71 tCO2e/$MWolong Electric GroupYear: 2025Scope 1: 16,398 tCO2eRevenue: $M 2,207Scope 1 Intensity: 7.43 tCO2e/$MSUPCON TechnologyYear: 2025Scope 1: 3,265 tCO2eRevenue: $M 1,153Scope 1 Intensity: 2.83 tCO2e/$MGoneo GroupYear: 2025Scope 1: 3,584 tCO2eRevenue: $M 2,289Scope 1 Intensity: 1.57 tCO2e/$MShenzhen Megmeet ElectricalYear: 2025Scope 1: 1,626 tCO2eRevenue: $M 1,343Scope 1 Intensity: 1.21 tCO2e/$MNingbo Deye TechnologyYear: 2025Scope 1: 3,075 tCO2eRevenue: $M 1,746Scope 1 Intensity: 1.76 tCO2e/$MSieyuan ElectricYear: 2025Scope 1: 4,585 tCO2eRevenue: $M 3,077Scope 1 Intensity: 1.49 tCO2e/$MHuagong TechYear: 2025Scope 1: 1,139 tCO2eRevenue: $M 2,051Scope 1 Intensity: 0.56 tCO2e/$M

How does Huagong Tech's GHG emissions intensity compare to its peers?

In 2025, Huagong Tech reported a Scope 1 emissions intensity of 0.56 tCO₂e per millions USD. Compared to the peer group median of 2.79, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Huagong Tech rank on GHG emissions intensity within its industry?

In 2025, Huagong Tech ranked 3 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

This places Huagong Tech among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into Huagong Tech's Total Carbon Footprint

In 2025, Huagong Tech reported a total carbon footprint of 55,670.12 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 20.59% increase compared to 2024, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Huagong Tech's total carbon footprint was Scope 2 emissions, accounting for 97.08% of the company's total carbon footprint, followed by Scope 1 emissions at 2.05%.a

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