转自：中国证券报·中证网 中证报中证网讯（王珞）11月26日，以"治善致远 绿动未来"为主题的2025年金牛企业可持续发展论坛暨第三届国新杯·ESG金牛奖颁奖典礼在江苏苏州举 行。本次大会由中国证券报、中国国新控股有限责任公司主办，国新证券承办，苏州工业园区城市发展研究院全面战略支持。备受瞩目的ESG金牛奖榜单揭 晓，凯盛新能凭借在ESG领域的创新实践及优异成绩荣获"ESG乡村振兴金牛奖"。 凯盛新能荣获"ESG乡村振兴金牛奖"（图片来源：中国证券报） ESG金牛奖是中国证券报针对企业ESG表现开展的评价评奖品牌。第三届国新杯·ESG金牛奖延续了金牛奖系列评选"公开、公平、公正"的核心原则，以更严 谨、更科学的评价体系，筛选资本市场ESG实践的"领跑者"，激励更多企业投身可持续发展浪潮。本届ESG金牛奖共设置"ESG金牛奖百强""ESG卓越央企金 牛奖""ESG碳中和金牛奖""ESG科技引领金牛奖""ESG治理金牛奖""ESG乡村振兴金牛奖"及"ESG新锐金牛奖"七大奖项。 INA SECURITIES 在行业遴选和奖项设置方面，评审委员会充分借鉴中国国新ESG评价方法论与国资委研究中心课题成果，从财务重要性 ...

Core Viewpoint - Ganli Pharmaceutical has initiated China's first Phase III clinical study for a monthly formulation of glucagon-like peptide-1 receptor agonist (GLP-1RA) called Bofanglutide, aimed at weight management, which is expected to significantly improve patient adherence to medication [1][2] Group 1: Clinical Research - The GRADUAL-3 study is a randomized controlled trial designed to evaluate the efficacy and safety of Bofanglutide administered via subcutaneous injection once a month for weight loss [1] - This study is part of a larger GRADUAL series, which includes three Phase III clinical trials in China, targeting over 1,000 adult participants who are overweight or obese [2] - The primary endpoint of the GRADUAL-3 study is the change in body weight from baseline after 24 weeks of treatment [1] Group 2: Product Advantages - Compared to existing weekly GLP-1RA formulations, the monthly injection regimen of Bofanglutide reduces the number of injections from 52 to 12 per year, decreasing injection frequency by nearly 80% [1] - This reduction in injection frequency is expected to alleviate the treatment burden and enhance the quality of life for patients, addressing a critical clinical pain point in long-term weight management [1] Group 3: Broader Innovation Strategy - Ganli Pharmaceutical's innovation in metabolic diseases extends beyond GLP-1RA, with multiple new drugs entering global development, including a fourth-generation insulin (GZR) that has reached Phase III clinical trials [2] - The GZR weekly formulation is anticipated to reduce insulin injection frequency by over 85% compared to daily formulations, significantly lowering the treatment burden for diabetes patients [2] - The company is also developing a fixed-ratio combination formulation of Bofanglutide and GZR, currently in Phase II clinical trials, reflecting its strategic vision to expand from diabetes treatment to comprehensive metabolic health management [2]

Core Viewpoint - The publication of the book "Research on Risk Reduction in Electrochemical Energy Storage Insurance" aims to enhance risk management practices in the electrochemical energy storage industry and promote collaboration among stakeholders to create value [1][2] Group 1: Book Overview - The book is divided into five sections: 1. Detailed analysis of application scenarios and risk characteristics of electrochemical energy storage technology 2. Establishment of scientific risk assessment models and forecasting methods 3. Focus on risk reduction strategies and technological innovations 4. Exploration of insurance product design and optimization of service systems 5. Policy recommendations based on domestic and international case studies [1] Group 2: Industry Collaboration and Challenges - The book aims to shift the insurance industry from a single post-event compensation function to a dual role of risk accident prevention and loss compensation - It covers a comprehensive risk reduction service model for energy storage stations, enhancing safety management levels [2] - The wind power insurance market currently faces issues such as supply-demand mismatch, fragmented information, and lack of data support, necessitating the establishment of a collaborative mechanism for wind power risk and insurance [2]

Core Viewpoint - The "2025 World Intelligent Manufacturing Conference" held in Nanjing highlighted Hikvision's recognition as a leading intelligent factory, showcasing its capabilities in personalized mass customization within the IoT sector [1][3]. Group 1: Intelligent Factory Recognition - Hikvision's "IoT Perception Product Mass Customization Intelligent Factory" was selected as one of the first batch of "Leading Intelligent Factories" [1]. - The initiative aims to explore new manufacturing forms and establish benchmarks for intelligent manufacturing at a global level [1]. Group 2: Production Characteristics and Challenges - The company faces a highly fragmented market with diverse demands across over 90 sub-industries, leading to a production model characterized by "variety, small batches, and mass customization" [1]. - In 2024, Hikvision's intelligent factory is projected to produce 256 million IoT products, with over 30,000 hardware models and an average of 10,000 orders processed daily, each containing approximately 40 units [1]. Group 3: Technological Advancements - Hikvision aims for a "flexible, efficient, and agile" production system, leveraging self-developed IoT perception, AI, and big data technologies [2]. - The intelligent factory is evolving into a "super intelligent entity" with a complete feedback loop of "perception-decision-execution" [2]. Group 4: Automation and Efficiency - The company has developed a fully automated production line for intelligent cameras, achieving a 243% efficiency increase compared to traditional lines through high collaboration among robotic arms, industrial cameras, and mobile robots [2]. Group 5: Industry Impact and Future Plans - Hikvision's selection as a leading intelligent factory underscores its role in driving intelligent upgrades in manufacturing, providing replicable models for high-quality transitions in various sectors [3]. - The company plans to leverage its advantages in IoT to deepen the application of cutting-edge technologies across all business segments of intelligent factories, contributing to the upgrade of Chinese manufacturing [3].

金锋表示，公司将持续关注赈灾救援情况，并与社会各界携手，帮助受灾同胞早日渡过难关重返正常生 活。 中证报中证网讯(王珞)11月27日，恺英网络（002517）董事长金锋个人捐款900万港元及上市公司捐赠 100万港元，共计1000万元港元，重点对接香港民政部门及一线救援机构，用于香港新界大埔区火灾受 灾居民的医疗救助、紧急安置和过渡期生活救助等救援工作。 ...

Core Viewpoint - The financial report of Gaotu Group for Q3 of fiscal year 2025 shows significant revenue growth, indicating a positive trend in the company's performance and strategic direction towards AI integration in education [1] Financial Performance - For Q3 2025, Gaotu Group reported revenue of 1.58 billion RMB, a year-on-year increase of 30.7% [1] - Cash revenue for the same period reached 1.19 billion RMB, reflecting an 11.2% year-on-year growth [1] - For the first nine months of 2025, total revenue amounted to 4.46 billion RMB, up 41.0% year-on-year [1] - Cash revenue for the first nine months was 4.33 billion RMB, showing a 25.4% increase compared to the previous year [1] Share Buyback Program - The company has completed its previous share buyback plan of 80 million USD ahead of schedule and has initiated a new buyback plan of 100 million USD [1] Strategic Direction - The founder and CEO, Chen Xiangdong, emphasized the company's commitment to user-centric product and service development, aiming for a comprehensive lifecycle approach [1] - The company is focusing on deep integration of online and offline services and accelerating the application of AI across all processes in teaching, service, and operations [1] - Gaotu Group is positioning itself to leverage the "Education + AI" trend to enhance personalized learning and improve teaching efficiency, making high-quality education more accessible and effective [1]

Group 1 - The 2025 Golden Bull Enterprise Sustainable Development Forum and the third National New Cup ESG Golden Bull Award ceremony were held in Suzhou, Jiangsu, focusing on the theme "Governance for a Sustainable Future" [1] - Dong-E E-Jiao was awarded the "ESG Excellent Central Enterprise Golden Bull Award" for its innovative practices and outstanding performance in the ESG field [1][4] - The ESG Golden Bull Award is a brand evaluation and award initiative by China Securities Journal, aimed at recognizing leading enterprises in ESG practices and promoting sustainable development [4] Group 2 - The third National New Cup ESG Golden Bull Award includes seven categories: "Top 100 ESG Golden Bull Awards," "ESG Excellent Central Enterprise Golden Bull Award," "ESG Carbon Neutrality Golden Bull Award," "ESG Technology Leading Golden Bull Award," "ESG Governance Golden Bull Award," "ESG Rural Revitalization Golden Bull Award," and "ESG New Star Golden Bull Award" [4] - The evaluation committee utilized a rigorous and scientific evaluation system, incorporating financial significance and impact importance to assess corporate ESG performance [4] - The award selection process followed principles of "classification selection, diverse coverage, and avoidance of duplication," ensuring a comprehensive assessment of ESG performance [4]

Group 1 - The 2025 Golden Bull Enterprise Sustainable Development Forum and the third National New Cup ESG Golden Bull Award ceremony were held in Suzhou, Jiangsu, focusing on the theme "Governance for a Sustainable Future" [1] - The ESG Golden Bull Award is an evaluation and award brand initiated by China Securities Journal to assess corporate ESG performance, emphasizing principles of openness, fairness, and justice [4] - The third edition of the ESG Golden Bull Award includes seven categories: "Top 100 ESG Golden Bull Awards," "Outstanding Central Enterprise ESG Golden Bull Award," "Carbon Neutrality ESG Golden Bull Award," "Technology Leading ESG Golden Bull Award," "Governance ESG Golden Bull Award," "Rural Revitalization ESG Golden Bull Award," and "Emerging ESG Golden Bull Award" [4] Group 2 - The evaluation committee utilized the China National New ESG evaluation methodology and research outcomes from the State-owned Assets Supervision and Administration Commission to assess corporate ESG performance based on financial and impact significance [4] - The award selection process adhered to principles of classification, diversity, and avoidance of duplication, combining comprehensive awards with specific category awards to accurately measure ESG performance [4] - The evaluation also considered ESG risk events, public sentiment assessments, and the quality of ESG disclosures to ensure a thorough assessment of corporate ESG practices [4]

中证报中证网讯(记者刘杨)11月27日，第二届核技术应用产业链共链行动大会在广西南宁召开。大会主 办方中国核工业集团有限公司、中国同位素与辐射行业协会联合行业共20家主要单位发布《核技术应用 产业链强链行动计划》，将以更大范围在更高层次协同核技术应用产业链上下游"产学研用金"相关单 位，深化行业资源整合融通、跨领域协同联动，实现"子链有支撑、分工有协同、落地有保障"的产业推 进格局。 ...

Core Insights - The company showcased its advanced aircraft models and technologies at the 2025 Asian General Aviation Exhibition, emphasizing its commitment to transforming human mobility [1] - The company has made significant strides in the general aviation sector since 2014, including strategic acquisitions and investments to enhance its global presence [1][2] - The eVTOL market is projected to grow significantly, with commercial applications expected to expand from cargo to passenger transport in the coming years [3] Company Developments - The company has established a comprehensive development framework, including a headquarters, multiple manufacturing bases, delivery centers, and research facilities, aiming to become a global leader in general aviation innovation [2] - The integration of international brands like Diamond Aircraft and Volocopter has allowed the company to develop a diverse product matrix, including fixed-wing aircraft, eVTOLs, and drones [2] - The company is the only private aviation enterprise globally that has achieved a full industry chain development and international layout [2] Market Outlook - The eVTOL market is entering a commercial phase, with predictions indicating significant growth in urban air mobility (UAM) markets, potentially reaching $550 billion by 2030 and $9 trillion by 2050 [3] - China is expected to account for approximately 23% of the global UAM market by 2050, highlighting the country's potential in this emerging sector [3]