Core Viewpoint - The article highlights the increasing environmental risks faced by listed companies in China, emphasizing the importance of transparency in environmental information and the potential impact on investors [4][6][12]. Group 1: Environmental Violations and Penalties - A total of 9 listed companies have recently been exposed to environmental risks, with 91.01 million shareholders potentially affected by these issues [5][8]. - Jianfa Heceng (SH603909) was fined three times within a month for noise pollution due to construction activities in noise-sensitive areas, totaling 28 million yuan [6][9]. - Zhejiang Construction Investment (SZ002761) was fined 200,000 yuan for illegally dumping construction waste [10]. - Nankuang Group (SZ001360) was penalized 100,000 yuan for improper storage of hazardous waste [11]. Group 2: Regulatory Framework and Public Awareness - The article discusses the evolution of environmental information disclosure in China, highlighting the legal framework that supports public access to environmental data [12]. - The increasing emphasis on ESG (Environmental, Social, and Governance) factors in investment decisions is noted, indicating a shift towards sustainable business practices among listed companies [11][12].