Stock Code: 601869.SH / 06869.HK
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    About Us

    About UsSustainabilitySocial ResponsibilitySustainable Procurement
    Company Profile Ownership Structure Our Brands Our Business Our Culture Quality Management Organisational Structure Innovation Our History Sustainability
    Social Responsibility Environmental Responsibility ESG Report
    Social Contributions Employee Care Sustainable Procurement
    YOFC establishes and develops sustainable supplier relationships on the basis of trust, high standards and mutual benefits.
    YOFC implements CSR throughout the whole process of supplier management. It helps suppliers get a picture of YOFC's expectations and improves supplier management by means of the code of conduct signed with suppliers, questionnaire survey, field survey and audit and performance assessment, and reward and punishment mechanism among suppliers etc,. We aim to establish a harmonious, win-win and sustainable supplier relationship, in which suppliers can benefit from YOFC’s rapid business growth.
    Supplier Selection
    We integrate resources and cherry-pick the best suppliers. We seek to cooperate with suitable suppliers who can develop based on market dynamics and supplier risk. Rigorous qualification investigation, CSR assessment and inspection, systematic certification of new materials, and on-site communication and audit are carried out to ensure that new suppliers are introduced effectively.
    Supplier Development
    We are committed to collaborative development and mutual improvement. Working towards the goal of continuous improvement and mutual benefits, we take measures like preventive or supervisory audits, training programs, capability improvement, technical exchanges, and collaborative R&D to help suppliers improve management and control and optimize supply capability, to drive cooperation relationships to a deeper level, and ensure suppliers' compliance with the code of conduct while stabilizing and continuously improving delivery performance.
    Supplier Performance Assessment and Reward & Punishment
    Dynamic assessment is conducted to select high-quality suppliers and eliminate unqualified suppliers. We assess suppliers' quality, delivery, cost, service, and CSR performance and channel more resources to excellent suppliers, such as the purchase amount and payment term. We also encourage suppliers with less satisfactory performance to improve by providing guidance. YOFC may suspend or terminate cooperation with suppliers who are out of step with the development of YOFC. In this way, we optimize sources of supply.
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