IV. EKUN fulfills its economic responsibility, paying taxes in good faith and operating in accordance with the law
EKUN pays taxes in good faith and operates in accordance with the law. It has been identified as a “Contract-abiding and Credit-worthy Enterprise” in Shandong Province and Qingdao, and has obtained a good credit rating in the tax and banking systems. On the basis of its own integrity and law-abiding practices, EKUN is also very concerned about the integrity and ethics of its partners. In accordance with the requirements of Qualified Supplier Evaluation Control Procedure, EKUN carries out credit evaluation on suppliers and partners. In the contract review, EKUN strictly examines the business qualification of partners and suppliers to avoid dishonest conducts such as commercial fraud, so as to avoid operational risk.
Good faith management brings good reputation and economic benefits to EKUN. After 25 years of brand accumulation, EKUN has established a stable high-end customer base, and the key indicators rank among the best of the industry. In the past three years, the annual handling capacity of EKUN ranked 2nd and 1st respectively in the bonded port area, and its agent import and export volume ranked 6th, 2nd and 27th respectively in the industry (shipments have declined due to the epidemic). In the past five years, EKUN’s operating revenue has been constantly increasing. Even under the impact of the epidemic, EKUN has achieved a smooth transition and successfully boosted its goal of ensuring stability on the six fronts and security in the six areas.