| Deyu Yang: Harmonious Development Is the Social Responsibility of China's Listed Companies in New Period
General manager of Yanzhou Coal Mining Deyu Yang started his speech with Confucius' ¡°Now the man of perfect virtue, wishing to be established himself, seeks also to establish others; wishing to be enlarged himself, he seeks also to enlarge others.¡± and Mencius' ¡°In obscurity, scholars would maintain their own integrity. In times of success, they would make perfect the whole empire.¡±, and then expounded the social responsibility of China 's enterprises. In his view the enterprises should be responsible not only to shareholders but also to the other stakeholders such as employees, customers, partners, regions, government etc., and to the natural environment and offspring as well.
Yang said, from 1998 the IPO of Yanzhou Coal Mining to 2006, in which year the operating income has increased from 4.333 billion Yuan to 13.224 billion Yuan and the value of total assets has increased from 7.363 billion Yuan to 22.894 billion Yuan. Total payment of taxes reached 12 billion Yuan, which effectively supported regional economic development. Total distribution of dividend in cash arrived at 3.696 billion Yuan, which created good return for investors. At the same time, with the objective of ¡°energy saving, pollution minimization, efficiency increasing¡±, Yanzhou Coal Mining continued to make technological innovations, relying on advanced technology, to improve the rate of recovery and utilization of coal. Yang pointed that responsibility was a kind of power. Only discharging social responsibility actively could make the enterprises become more competitive.
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