11月27日，新疆银行发布公告称，经国家金融监督管理总局批准，新疆银行吸收合并新疆汇和银行，并 承接其清产核资后的资产、负债、业务、机构和员工。截至目前，本次吸收合并已依法合规完成，原新 疆汇和银行相关线上、线下业务顺利过渡至新疆银行相应渠道办理，业务实现有效接续，网点实现平稳 运营，原新疆汇和银行客户合法资产、账户及相关权益均不受任何影响。 ...

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] - Neusoft Carrier was awarded the "ESG Technology Leadership Golden Bull Award" at the event, highlighting its strong performance in ESG practices [1][3] - The ESG Golden Bull Award is a brand established by China Securities Journal to evaluate corporate ESG performance, emphasizing principles of openness, fairness, and justice in its assessment [3] Group 2 - The third National New Cup ESG Golden Bull Award features seven categories, including "Top 100 ESG Golden Bull Awards," "Outstanding Central Enterprise ESG Golden Bull Award," and "ESG Technology Leadership Golden Bull Award" [3] - The evaluation committee utilized a rigorous and scientific assessment system, incorporating financial significance and impact importance to evaluate corporate ESG performance [3] - The awards were determined based on a comprehensive assessment of ESG performance, including risk event evaluation, public opinion assessment, and the quality of ESG disclosures [3]

中证报中证网讯(记者张韵)11月27日，平安医疗健康混合基金经理周思聪在中国证券报"中证点金汇"直 播间表示，虽然近期板块行情有所调整，但创新药大的产业趋势和行情都远未结束。当下创新药行业面 临有利的技术背景、政策环境和利率条件，今年或是中国创新药第一阶段行情的起点，一旦进入到基本 面驱动的行情下，中国创新药行业不排除走出长达10年维度的长期行情。 因此，展望2026年，创新药市场的叙事或将从估值重估转向基本面落地。能否持续产出有价值的创新成 果，以及能否将这些成果高效地转化为商业收入，或是决定未来公司价值的核心。结合三季报数据，可 以看到，创新药行业整体正在快速跨过盈亏平衡线，后续有望看到更加显著的利润改善。 她认为，今年创新药板块一度强劲反弹，标志着中长期维度大行情周期的第一阶段——估值重估的开 启。BD(商务拓展)交易的快速增长验证了国内创新药研发的能力，并开启了一个新的价值创造渠道。 此前演绎的创新药板块行情更多也是BD交易带来的投资情绪的好转，还没有演绎创新药行业的业绩主 线。 ...

Core Viewpoint - The phase of broad increases in the innovative drug sector may be over, and the next two years will be a critical period for differentiation among innovative drug companies, making selective stock picking and focusing on true leaders a more suitable investment strategy [1] Group 1: Investment Strategy - The company will continue to focus on domestic commercialization and international expansion, prioritizing companies that excel in both areas rather than solely betting on business development (BD) transactions [1] - Valuations driven solely by BD are considered fragile, necessitating a careful assessment of associated risks [1] - The market tends to factor in potential total value (including milestone payments) into stock prices at the announcement of BD transactions, but the realization of milestone payments is uncertain and depends on clinical and regulatory success [1] Group 2: Sector Outlook - The company is optimistic about specific segments within innovative drugs, including Antibody-Drug Conjugates (ADC), multi-antibodies, cell and gene therapy, and autoimmune products [2] - Beyond innovative drugs, the company also sees potential in medical devices, Contract Research Organizations (CRO), and medical services [2] - The medical device sector is expected to experience significant growth in orders and inventory digestion due to increased procurement data amid a replacement trend [2] - The CRO sector is likely to benefit from the global shift towards research outsourcing, maintaining steady growth [2] - Economic recovery is anticipated to boost demand for medical services, particularly in high-end and specialized medical services [2]

Core Points - 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 sustainable development themes [1][4] - China National Chemical Equipment Corporation won the "ESG Governance Golden Bull Award" at the event, highlighting its strong ESG performance [1][4] Group 1: Event Overview - The forum was organized by China Securities Journal and China National New Holdings, with strategic support from Suzhou Industrial Park Urban Development Research Institute [1] - The ESG Golden Bull Award aims to evaluate and recognize enterprises' ESG performance, promoting sustainable development practices in the capital market [4] Group 2: Award Details - The third National New Cup ESG Golden Bull Award included seven categories: "Top 100 ESG Golden Bull Awards," "Outstanding Central Enterprise ESG Golden Bull Award," "ESG Carbon Neutrality Golden Bull Award," "ESG Technology Leadership Golden Bull Award," "ESG Governance Golden Bull Award," "ESG Rural Revitalization Golden Bull Award," and "ESG Newcomer Golden Bull Award" [4] - The evaluation process for the awards was based on a rigorous and scientific assessment system, considering financial significance and impact importance, along with ESG risk event assessments and disclosure quality [4]

Core Points - The 2025 Golden Bull Enterprise Sustainable Development Forum and the 3rd National New Cup ESG Golden Bull Award Ceremony were held in Suzhou, Jiangsu, focusing on the theme "Governance for a Sustainable Future" [1] - Furuida was awarded the "ESG Carbon Neutrality Golden Bull Award" at the event, highlighting its achievements in ESG performance [4] Group 1 - The ESG Golden Bull Award is a brand established by China Securities Journal to evaluate corporate ESG performance [4] - The third edition of the National New Cup ESG Golden Bull Award follows principles of "openness, fairness, and justice," utilizing a rigorous and scientific evaluation system to identify leaders in ESG practices within the capital market [4] - Seven awards were set up for this year's ESG Golden Bull Award, including "Top 100 ESG Golden Bull Award," "Outstanding Central Enterprise ESG Golden Bull Award," "ESG Carbon Neutrality Golden Bull Award," "ESG Technology Leadership Golden Bull Award," "ESG Governance Golden Bull Award," "ESG Rural Revitalization Golden Bull Award," and "ESG Newcomer Golden Bull Award" [4] Group 2 - The evaluation committee utilized the ESG evaluation methodology from China National New and research outcomes from the State-owned Assets Supervision and Administration Commission, assessing corporate ESG performance from financial significance and impact significance [4] - The evaluation process included assessments of ESG risk events, public sentiment, and the quality of ESG disclosures, ensuring a comprehensive evaluation of corporate ESG performance [4] - The awards were determined based on a combination of the evaluation committee's expert judgment and a supplementary principle, adhering to the principles of "categorical selection, diverse coverage, and avoiding duplication" [4]

Core Points - The 2025 Golden Bull Enterprise Sustainable Development Forum and the 3rd National New Cup ESG Golden Bull Award Ceremony were held in Suzhou, Jiangsu, focusing on sustainable development [1] - China Huadian International was awarded the "ESG Carbon Neutrality Golden Bull Award" at the event, highlighting its commitment to sustainability [4] Group 1 - The ESG Golden Bull Award is a brand established by China Securities Journal to evaluate corporate ESG performance [4] - The third edition of the National New Cup ESG Golden Bull Award follows principles of "openness, fairness, and justice," utilizing a rigorous evaluation system to identify leaders in ESG practices within the capital market [4] - The award categories include "Top 100 ESG Golden Bull Awards," "Outstanding Central Enterprise ESG 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] Group 2 - The evaluation committee utilized the China Guoxin ESG evaluation methodology and research outcomes from the State-owned Assets Supervision and Administration Commission, assessing companies based on financial significance and impact importance [4] - The assessment process included evaluations of ESG risk events, public sentiment, and the quality of ESG disclosures to systematically evaluate corporate ESG performance [4] - The awards were determined based on a combination of comprehensive judgments from the evaluation committee experts and a supplementary principle to ensure a fair selection process [4]

Core Insights - Neusoft Group has signed a memorandum of understanding with MapmyIndia to leverage their respective strengths in software technology and data resources for deep collaboration in emerging markets like Southeast Asia and India [1][2] - The partnership aims to provide localized navigation products and smart mobility solutions, combining Neusoft's OneCoreGo global in-car smart mobility solution 6.0 Plus with local resources to facilitate market entry for automotive companies [1][2] - This collaboration signifies Neusoft's efforts to expand its global business footprint and enhance local ecosystem connections, establishing a network of partnerships with leading mapping companies across key global regions [1][2] Industry Context - The automotive industry's shift towards intelligence and connectivity is driving a wave of global expansion among automotive brands, with Southeast Asia and India identified as significant growth markets for automotive consumption [1][2] - These regions present unique challenges for automotive companies, including complex road conditions, unique traffic regulations, and a vast address system, which can hinder the provision of a seamless smart mobility experience [1] - MapmyIndia holds over 90% market share in the automotive navigation market in India, and the collaboration will integrate its mapping data and real-time traffic information with Neusoft's technology to enhance navigation and mobility services [2] - The partnership aims to create a comprehensive capability loop of "navigation + payment + interaction + vehicle connectivity + operation," addressing local user needs and improving product experience [2] - Neusoft's existing collaboration network spans major markets including Europe, North America, ASEAN, Australia, New Zealand, India, Japan, South Korea, the Middle East, and Africa, positioning it to deliver "globally adaptable, locally intelligent" smart mobility solutions [2]

Core Viewpoint - Huakin Technology has been recognized for its outstanding performance in the ESG (Environmental, Social, and Governance) field, winning the "Guoxin Cup ESG Governance Golden Bull Award" at the 2025 Golden Bull Enterprise Sustainable Development Forum, highlighting its commitment to sustainable development and integration of ESG principles into its corporate strategy and operations [1] Group 1: ESG Governance and Strategy - The company has established an ESG governance structure led and supervised by the board of directors, continuously promoting the "ESG TOP10 Special Project" to achieve long-term strategic goals and ensure a closed-loop management from strategy formulation to execution [2] - Huakin Technology aims to peak its operational carbon emissions by 2030 and achieve carbon neutrality by 2050, with a clear focus on green development and sustainability [2] - As of October 2023, the company has completed 105 energy-saving technology transformation projects and established energy-saving baselines for 24 power equipment, laying the foundation for achieving a 40% clean energy substitution rate by 2028 [2] Group 2: Employee Rights and Corporate Culture - The company is committed to creating a vibrant workplace environment, adhering to labor standards, and complying with local laws and international labor conventions, with strict implementation of policies to protect minors and prevent discrimination [2] - By the end of 2024, Huakin Technology plans to establish 33 employee interest associations across five regions, covering over 3,500 employees, emphasizing the importance of corporate culture and human care [2] Group 3: Business Ethics and Compliance - Business ethics management is overseen by the highest management level, with the board and the audit and risk management committee responsible for compliance, and a 100% compliance training coverage rate for new employees as of October 2023 [3] - The company has established an independent reporting channel to enhance compliance awareness among all employees and has formed a group safety committee to systematically advance safety management and privacy protection [3] Group 4: Sustainable Supply Chain Management - Huakin Technology plays a leading role in the industry chain, focusing on responsible supply chain construction and promoting environmental and social responsibility among suppliers [3] - As of October 2023, the company has completed due diligence on conflict minerals for 774 suppliers, achieving a 100% questionnaire response rate, and has introduced AMRT mineral investigations to enhance its responsible mineral procurement system [3]

Core Points - 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 sustainable development [1] - Yituo Co., Ltd. was awarded the "ESG Excellence Central Enterprise Golden Bull Award" for its innovative practices and outstanding performance in the ESG field [1][4] Group 1 - The ESG Golden Bull Award is a brand established by China Securities Journal to evaluate corporate ESG performance [4] - The third National New Cup ESG Golden Bull Award follows the principles of "openness, fairness, and justice," utilizing a rigorous and scientific evaluation system to identify leaders in ESG practices within the capital market [4][5] - Seven awards were set up for this year's ESG Golden Bull Award, including "Top 100 ESG Golden Bull Awards," "ESG Excellence Central Enterprise Golden Bull Award," "ESG Carbon Neutrality Golden Bull Award," "ESG Technology Leadership Golden Bull Award," "ESG Governance Golden Bull Award," "ESG Rural Revitalization Golden Bull Award," and "ESG New Star Golden Bull Award" [4][5] Group 2 - The evaluation committee drew on the China National New ESG evaluation methodology and research results from the State-owned Assets Supervision and Administration Commission, assessing corporate ESG performance from financial significance and impact significance [5] - The evaluation process included systematic assessments of ESG risk events, public opinion evaluations, and the quality of ESG disclosures [5] - The awards were determined based on a combination of comprehensive judgments from the evaluation committee's experts and a replacement principle, ensuring a diverse and comprehensive evaluation of the ESG performance of the candidates [5]