Business Intelligence on Retailing, Franchising, and Consumerism in China

China's Suning Issues 2009 Performance Reports

Chinese electronics retailer Suning has released its 2009 Achievement Report and 2009 Corporate Social Responsibility Report.

Compiled according to Shenzhen Securities Exchange's CSR Guide for Listed Companies and with reference to GRI's China CSR Report Writing Guide and Sustainable Development Report Guide, Suning's new CSR report shows a CSR model with strong characteristics of the retailing industry. According the report, Suning's CSR system comprising of six parts: value mission, win-win mission, service mission, employee mission, environment mission, and harmony mission. The most appealing part of the report is that Suning has established an environmental responsibility model which is applicable to all retailing enterprises.

The achievement report reveals that Suning opened 182 new stores and achieved a total business revenue of CNY58.3 billion in 2009. In the meantime, the company has set up a systematic CSR management system by actively participating in CSR activities. It says that Suning created 16,000 new jobs in 2009 and paid a total of CNY3.1 billion in tax, which was an increase of 53.7% over the previous year.

Suning released its first CSR report, which was also the first CSR report from China's electronics retailing industry, in July 2009.

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