On October 27, the Hangzhou Municipal Bureau of Economy and Information Technology announced the list of municipal green and low-carbon industrial park factories in 2023. A total of 2 industrial parks and 98 companies were on the list, among which Hangzhou Hongshi Electrical Co., Ltd. won the title of "Hangzhou Green and Low-Carbon Factory" (referred to as "Green Factory"). Being rated as a municipal "Green Factory" indicates that Hongshi has taken a new step in promoting green development. Afterwards, the company will take this opportunity to formulate and improve the company's medium- and long-term green development plan, focus on the "dual carbon" strategy, and further integrate the concepts of environmental protection and resource conservation into the entire process of corporate development. By continuously improving the energy management system and reducing the carbon footprint of the product throughout its life cycle, we will promote green, low-carbon and high-quality development in order to achieve greater results.