Company Overview - Lenovo Group is a global enterprise with a total revenue of 498.5 billion RMB for the fiscal year 2024/25, serving millions of customers across 180 markets [2] - The company offers a complete product roadmap from pocket to cloud, including AI-enabled devices, infrastructure, software, solutions, and services such as personal computers, workstations, smartphones, tablets, data centers, and high-performance computing [2] Supply Chain Management - Lenovo operates over 30 self-owned or partnered manufacturing bases and manages a complex global supply chain network with over 2,000 suppliers [3] - The company initiated its digital transformation of the global supply chain in 2017 and is now advancing to a smart transformation phase, with AI as a core driver [3] - Lenovo has developed a Supply Chain Intelligent Control Tower (SCI) to enhance operational efficiency through AI-driven end-to-end visibility, dynamic resource allocation, and risk prediction [3] - The iChain supply chain intelligence system has been created to provide visibility across the entire supply chain, facilitating risk alerts, decision quality improvement, and automated processes [3] ESG Initiatives - Scope 3 emissions reduction is a priority for Lenovo's global supply chain ESG governance, with a focus on supplier emissions since 2012 [4] - In 2022, Lenovo launched a deeper supplier emissions reduction program, requiring suppliers to disclose carbon emissions data and set climate goals through the CDP platform [4] - The program has led to 96% of suppliers setting publicly available emissions reduction targets [4] - Lenovo is actively building a green electricity ecosystem and has initiated a pilot project in Guangdong to procure 46 million kWh of green electricity, reducing approximately 30,000 tons of CO2 emissions [4] Sustainable Development - Lenovo promotes sustainable development among its partners and aims to create replicable industry experiences [5] - The company has introduced initiatives to increase employment opportunities for people with disabilities within the supply chain [5] - Lenovo has implemented a "wage co-management account + blockchain storage mechanism" to ensure timely payment of outsourced employee wages, enhancing transparency and compliance [5] - The company is recognized for its exemplary performance in supply chain responsibility management, fostering green development and environmental management improvements among suppliers [5]

文/华夏ESG观察联盟 企业介绍 中国工商银行成立于1984年1月1日；2005年10月28日，整体改制为股份有限公司；2006年10月27日，成 功在上交所和香港联交所同日挂牌上市。工商银行向全球超1,205万对公客户和7.40亿个人客户提供金融 产品和金融服务。 实践案例 工商银行与国家战略同频，以财富向善浇灌时代热土： 1、创新慈善模式，依托私人银行客户"慈善账户"，创新"工银i豆"助力模式，组织开展"君子伙伴•青山 行动"，通过线上线下一体化运营，以低门槛、广参与度的形式，鼓励客户通过"工银i豆"助力三江源生 态林建设。 2、保护绿水青山，通过慈善信托综合顾问服务，先后支持野生动物救助、公益生态林建设等项目，助 力三江源生态保护，以公益慈善力量呵护"中华水塔"。 3、支持普惠兴农，支持乡村振兴领头雁计划，助力培养一批乡村振兴企业家，合计两期项目共惠及超4 万"新农人"，为乡村人才振兴提供专业赋能，有效扩大金融服务乡村振兴的深度和影响力。 4、强化扶危济困，持续支持四川帮扶四县的学校基础设施建设，改善当地儿童就学条件；向甘肃积石 山地震、华北特大洪涝受灾地区捐赠客户善款，第一时间打通救灾绿色通道，惠及数 ...

Company Overview - Yihai Kerry Golden Dragon Fish employs over 35,000 people and operates 83 production bases across the country, with more than 100 manufacturing enterprises. The company is involved in various sectors including oilseed crushing, oil refining, oil filling, specialty oils, oil technology, rice circular economy, corn, wheat, soybean processing, and its extended industrial chain, food raw materials, grain and oil technology research and development, central kitchens, and health products [1] - The company owns well-known brands such as "Golden Dragon Fish," "Olivier," "Hujihua," "Xiangmanyuan," "Golden Dragon Fish Fengyitang," "Haihuang," "Jinwei," "Fengyuan," "Ruilong," and "Jiejing 100," establishing a comprehensive marketing network covering retail, catering, and food industry channels. Its product range includes cooking oils, rice, flour, noodles, seasonings, specialty oils, food raw materials, feed ingredients like soybean meal, bran, and rice bran, as well as basic and derivative chemical products from oils, nutritional products, and daily chemical products [1] Social Responsibility Initiatives - The "Golden Dragon Fish Prosthetic Walking" project is a targeted poverty alleviation initiative launched by Yihai Kerry Golden Dragon Fish in collaboration with the Golden Dragon Fish Foundation and Shanghai Prosthetic Factory. The project provides financial support and aims to help impoverished disabled individuals by providing prosthetics and follow-up services [2] - Over the past ten years, the project has invested over 20 million yuan, assisting more than 2,600 disabled individuals in regaining mobility, covering 14 cities including Qinhuangdao, Guigang, Jiamusi, Kunming, Chongqing, Xianyang, Shijiazhuang, and Taizhou [2] - Yihai Kerry Lufeng (Linyi) Packaging Technology Co., a subsidiary, has tailored training programs for disabled employees, facilitating their transition from learning to employment. The company employs 53 disabled workers, accounting for 18.9% of its total workforce, and has implemented high-standard accessibility features throughout its facilities [3] - The company integrates corporate development with social responsibility, creating a "industry assistance + education support" system, and its initiatives attract participation from technical partners and government departments, showcasing the company's commitment to social responsibility [3]

Core Viewpoint - Huqin Technology Co., Ltd. has established itself as a leading smart product platform company, providing end-to-end services for global tech brands, and successfully listed on the Shanghai Stock Exchange in August 2023 [1] Group 1: Company Overview - Founded in 2005 and headquartered in Shanghai, Huqin Technology serves over 100 countries and regions, delivering billions of smart products including smartphones, tablets, laptops, AIoT, and automotive electronics [1] - The company has a comprehensive supply chain management mechanism that covers the entire lifecycle process, including development access, risk management, and exit management [2] Group 2: Supply Chain Management - Huqin Technology requires suppliers to sign agreements that include CSR clauses and possess key sustainability certifications such as ISO 14001 and SA8000, with all 2,274 suppliers having signed the supplier quality agreement by the end of 2024 [2] - The company has implemented a supplier monitoring system to identify risks proactively, reducing the high-risk supplier ratio from 20.2% to 0.9% in 2024 [2] Group 3: Sustainability Initiatives - In 2024, Huqin Technology launched a sustainable supply chain initiative targeting 50 key suppliers to conduct carbon emission data surveys and energy-saving upgrades, with plans to expand this to 70 suppliers by 2025 [3] - The company emphasizes building a sustainable development ecosystem, hosting global supplier conferences to explore sustainable supply chain practices [3]

Company Overview - Li Auto, established on July 1, 2015, is a Chinese manufacturer of new energy smart vehicles headquartered in Shunyi, Beijing, specializing in the design, research, manufacturing, and sales of luxury smart electric vehicles [2] - The company is a pioneer in the commercialization of range-extended electric vehicles in China and was listed on the NASDAQ on July 30, 2020, followed by a secondary listing on the Hong Kong Stock Exchange on August 12, 2021 [2] Supply Chain Management - Li Auto categorizes all suppliers into five categories: strategic suppliers, preferred suppliers, qualified suppliers, limited suppliers, and eliminated suppliers, to enhance the efficiency and precision of supplier management [3] - The company conducts quarterly performance evaluations of suppliers based on quantifiable assessment criteria and regularly updates evaluation standards to improve the standardization and refinement of supply chain management [3] ESG Initiatives - Li Auto incorporates ESG assessments as a key condition for potential supplier admission, evaluating suppliers on professional certifications, compliance, energy conservation, and waste management during the product industrialization development phase [5] - The company has established a supplier exit mechanism for those with significant integrity issues, concealment behaviors, or safety incidents, placing them on an elimination list [5] - In 2024, Li Auto's Changzhou branch and Beijing base received "Green Supply Chain Management Enterprise" certification through optimized green manufacturing and environmental protection supply chain management processes [5] Supplier Quality and Training - In 2024, Li Auto conducted partner empowerment projects through online, offline, and specialized formats, aiming to enhance supplier quality and industrial capabilities, with over 1,000 supplier participations [6] - The company tailored training content based on strategic development needs and supplier quality performance, helping suppliers improve overall quality levels while ensuring a more robust and reliable supply chain [6] - Li Auto performed on-site improvements and capability enhancements for over 10 suppliers, focusing on key management areas such as quality systems, critical characteristics, statistical process control, and production line error-proofing [6] Expert Commentary - Li Auto demonstrates outstanding performance in supply chain responsibility, actively fulfilling its supply chain obligations, with its production base recognized as a national-level green supply chain management enterprise, setting a benchmark for sustainable development in the automotive manufacturing industry [7]

Group 1 - The core viewpoint of the article highlights the initiative of China Resources Beer to enhance domestic barley production through the "National Barley Revitalization" project, aiming to reduce reliance on imported barley and improve the quality of beer production [3][4]. - China Resources Beer is a significant player in the beer industry, being listed on the Hong Kong Stock Exchange and part of the Hang Seng Index, with a focus on both beer and non-beer business operations [2]. - The "National Barley Revitalization" project has expanded from an initial 3,000 acres in 2023 to over 16,000 acres by 2024, covering major production areas in Inner Mongolia, Northwest China, and Jiangsu [3][4]. Group 2 - The company employs a premium pricing strategy for high-quality malt, with standardized domestic barley yielding 70 yuan more per acre compared to wheat cultivation as of 2024, indicating a potential for higher profitability for farmers [4]. - The establishment of the "Hulunbuir National Barley Revitalization Practice Base" in August 2025 will serve as a national-level demonstration platform for ESG practices and agricultural industrialization [4]. - The initiative has successfully fostered collaboration among industry partners, promoting standardized barley cultivation and contributing to rural revitalization and the localization of the beer supply chain [4][5].

Company Overview - Xiaopeng Motors was established in 2015 and is headquartered in Guangzhou, with R&D centers in multiple cities including Beijing, Shanghai, and Shenzhen. The company has also set up smart manufacturing bases in Wuhan, Zhaoqing, and Guangzhou. Xiaopeng Motors has a global R&D and sales presence, including a research center in the United States and subsidiaries in various European locations. The company went public on the New York Stock Exchange on August 27, 2020, raising a record amount for the global new energy vehicle industry, with stock code "NYSE:XPEV". It was listed on the Hong Kong Stock Exchange on July 7, 2021, with stock code "9868.HK" [1]. Social Responsibility Initiatives - Xiaopeng Motors has established the Guangzhou Xiaopeng Public Welfare Foundation, focusing on environmental education for children and their parents. The foundation collaborates with professionals in ecology, early development, and educational publishing to create innovative educational products centered on climate change, new energy, and biodiversity [2]. - The "Low-Carbon Traveler" environmental science education project initiated by Xiaopeng Public Welfare recruits employees, volunteers, and educational institutions to co-create educational products that promote green and low-carbon travel concepts among children and youth. The project has developed three mature educational products, with the core product being the "Low-Carbon Traveler" board game, which encourages players to plan travel in a future city context while considering carbon emissions [2]. - The "Low-Carbon Traveler" board game is a strategy game that simulates urban travel modes, where players' travel choices impact carbon emissions. The game integrates educational elements to convey the importance of green and intelligent travel to the public, especially to children and youth [2]. Educational Outreach - The Xiaopeng Public Welfare Foundation, in collaboration with Xiaopeng Motors' research experts, has published the "Low-Carbon Traveler" Smart Handbook, which includes 19 fun questions aimed at educating children and youth about automotive culture, the relationship between cars and the environment, and future automotive technology developments. The handbook incorporates Xiaopeng Motors' knowledge and experience in green design, battery recycling, and flying car technology [3]. - The foundation employs various promotional methods to meet educational needs, partnering with teachers, employee volunteers, and NGOs to promote the "Low-Carbon Traveler" series of educational products in schools, museums, and Xiaopeng Motors' stores. By March 2025, over 250 public science activities are planned across 17 provinces, directly serving more than 20,000 children and youth [3]. Expert Commentary - Xiaopeng Motors deeply integrates ESG principles into its operations, showcasing employee care through initiatives like the "Newborn Plan" and promoting ecological science education through the "Low-Carbon Traveler" project. This approach combines talent development with public innovation, enriching the company's commitment to green responsibility [4].

Company Overview - Yancoal Energy is a large energy enterprise controlled by Shandong Energy, listed in Hong Kong, New York, and Shanghai since 1998, with subsidiaries listed in Australia and Hong Kong [2] - The company has formed five major industries: mining, high-end chemical new materials, high-end equipment manufacturing, smart logistics, and new energy [2] - As of June 30, 2025, the total share capital is 10.037 billion shares, and total assets amount to 375.671 billion yuan [2] Workforce Development - Yancoal Energy has implemented a "five-level" responsibility system for workforce development, establishing eight work mechanisms including innovation and labor competitions [3] - The company has introduced a "new eight-level" vocational skill grading system, with 204 skilled masters recognized and the highest salary reaching 700,000 yuan [3] - Yancoal Energy has built the Yancoal Craftsman Academy and has been recognized as one of the first national craftsman academy construction points [3] Community Engagement - In response to the national rural revitalization strategy, Yancoal Energy donated 25.2078 million yuan in the first half of 2025 to support local government initiatives [3] - The company has integrated assistance work into its annual plans, promoting local product sales through initiatives like "buy instead of donate" [3] - Yancoal Energy also supports cultural construction in rural areas by funding cultural events and activities [3] Coal Supply and Support - In 2024, Yancoal Energy supplied a total of 28.94 million tons of thermal coal, achieving a 100% fulfillment rate for thermal coal in Shandong Province [4] - The company has provided heating coal to local governments to ensure residents have adequate heating during winter [4] Recognition and Social Responsibility - Yancoal Energy has produced over a hundred skilled craftsmen and recipients of the "National May Day Labor Medal," showcasing its strength in developing a skilled workforce [5] - The company has established a "precise assistance + inclusive service" system to care for employees and society through various initiatives [5]

Market Performance - Hangzhou Cable Co., Ltd. (杭电股份) experienced significant stock price volatility, with a 77.25% increase over six trading days from September 16 to September 23, 2025, followed by a sharp decline on September 24, where the stock hit the daily limit down, closing at 11.01 CNY per share and a market capitalization of 7.612 billion CNY [2][3][5] Trading Activity - The stock exhibited high trading activity, with turnover rates reaching 21.24%, 25.03%, and 29.48% on September 18, 22, and 23, respectively, indicating a "hot potato" effect and significant trading risks [3][5] - On September 23, the stock was listed on the "Dragon and Tiger List" due to a 29.48% turnover rate, with notable participation from speculative funds [5] Company Announcements - The company has issued multiple announcements regarding stock price fluctuations, confirming no undisclosed significant events affecting stock prices and advising investors to be cautious [4][6] Financial Performance - For the first half of 2025, the company reported a net profit attributable to shareholders of 37.81 million CNY, a decrease of 46.27% year-on-year, with a non-recurring net profit of 29.89 million CNY, down 53.49% [7] - The company's primary business includes the research, production, and sales of wires and cables, facing intense competition in the market [8] Industry Context - The cable industry in China is highly fragmented, with over 10,000 manufacturers and more than 2,000 large-scale enterprises, leading to fierce competition, particularly in the low and medium voltage cable sector [8] - The company is also involved in the optical communication and copper foil businesses, with the latter still in its early stages and facing challenges [8][9] Investment Projects - The company is investing approximately 5 billion CNY in a new subsidiary for a lithium battery ultra-thin copper foil project, which is currently in the trial production phase [9] - The copper foil business has been under pressure due to increased competition and declining profit margins, with the average gross margin for similar companies dropping significantly from over 20% in 2022 to 0.14% in 2024 [10]

Core Viewpoint - The 2025 Asia Brand Conference highlighted the inclusion of Fude Life Insurance in the "Asia's Top 500 Brands" list, reflecting its brand influence and social reputation growth over the years [1][6]. Group 1: Brand Recognition - Fude Life Insurance has been recognized for the 14th time in the "Asia's Top 500 Brands," showcasing its continuous improvement in brand value and comprehensive strength [1][6]. - The "Asia's Top 500 Brands" list evaluates over 2,000 well-known brands based on market share, brand loyalty, and leadership in Asia [6]. Group 2: Commitment to Financial Services - The company has maintained its commitment to "finance for the people," focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance [3]. - In the pension finance sector, Fude Life Insurance is innovating to address the challenges of an aging population, emphasizing a shift from home-based care to more professional and humanized services [3]. Group 3: Health and Welfare Initiatives - Fude Life Insurance has developed a comprehensive health service model called "Healthy Life," which integrates insurance protection, product promotion, health services, and cost management to meet diverse customer needs [3][5]. - The company has established a public welfare matrix focusing on children and the elderly through initiatives like the "Little Dolphin Plan" and "Silver Crane Plan," promoting social responsibility [4]. Group 4: Product and Service Innovation - The company emphasizes a "product + service" dual-engine model to meet diverse and lifelong customer protection needs, launching 41 new products in 2024 across various insurance categories [5]. - Fude Life Insurance has optimized its claims service with a new system that reduces average claim processing time to 1.16 days and case closure time to 0.42 days, enhancing service efficiency and quality [5]. Group 5: Future Aspirations - Fude Life Insurance aims to continue enhancing its core competitiveness and brand influence by focusing on product and service innovation, aligning with its vision of "Beautiful Life" and "Healthy Life" [6].