Group 1: ESG Forum and Initiatives - The third "Vibrant ESG" Innovation Forum was held in Shanghai, focusing on green transformation and high-quality development, with participation from regulators, leading companies, multinational corporations, financial institutions, and universities [1] - A total of 56 cases were selected for the "Vibrant ESG" Practice Report (2025), categorized into three types: environmental friendliness (30 cases), social responsibility (20 cases), and corporate governance (6 cases) [2] Group 2: Safety Incidents in Companies - China Railway announced an investigation into a construction accident at the Qianzhai Yellow River Bridge, resulting in 12 fatalities and 4 missing persons, with the bridge having a total length of 1596.2 meters and a contract value of approximately 436 million yuan [5] - Hunan Gold reported a temporary production halt at its subsidiary due to a fatal accident during operations, with the subsidiary generating 472 million yuan in revenue and 129 million yuan in net profit for the 2024 fiscal year [6] - Rhine Biology experienced an explosion in a drying workshop, leading to 1 death and 7 injuries, with initial property damage estimated at over 2 million yuan [7]

Core Viewpoint - The company has been committed to its mission of serving the public through financial services, focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, as it celebrates its 20th anniversary [1][8]. Group 1: Technology Finance - The company actively supports national strategies by investing in various manufacturing enterprises, addressing the long-term financing needs of high-tech industries and strategic emerging sectors [2]. - Investments cover areas such as 5G, cloud computing, big data, artificial intelligence, and GPU chips, facilitating the transformation of technological achievements into new productive forces [2]. - Customized insurance products for executives and R&D personnel in high-tech companies have provided coverage for 20 million individuals, aiding in talent retention and attraction [2]. Group 2: Green Finance - The company emphasizes green development as a foundation for high-quality growth, investing in low-carbon transition enterprises and supporting technologies for carbon reduction and capture [3]. - It holds several billion in green bonds and invests in private equity funds focused on green energy companies, aligning with the goals of carbon neutrality and sustainable development [3]. - The company integrates environmental, social, and governance (ESG) criteria into its asset allocation and risk management frameworks to enhance financial risk control [3]. Group 3: Inclusive Finance - The company aims to meet diverse financial needs by developing insurance products for small and micro enterprises, offering comprehensive health management services [4]. - It has expanded insurance coverage for the elderly, allowing individuals up to 80 years old to obtain policies, thereby increasing accessibility for older populations [4]. - The company collaborates with local governments to provide tailored commercial insurance solutions, serving over 18 million users across 25 cities [4]. Group 4: Pension Finance - The company addresses aging population challenges by expanding insurance coverage for seniors and enhancing financial services tailored to their needs [6]. - It has developed a range of medical insurance products suitable for various health conditions of the elderly, establishing a comprehensive health service system [6]. - The company promotes the integration of new pension industries with financial services through investments in innovative pension-related enterprises [6]. Group 5: Digital Finance - The company is advancing its digital transformation to enhance service efficiency and customer experience, utilizing AI across various operational areas [7]. - It has implemented AI-driven solutions in agent operations, underwriting, and health management, significantly improving service delivery and risk assessment [8]. - By 2025, the company aims to provide insurance coverage for 77 million clients and has paid out over 50 billion in claims, demonstrating its commitment to high-quality financial services [8].

Core Viewpoint - Jinmao Service reported strong financial performance for the first half of 2025, with revenue of 1.783 billion yuan, a year-on-year increase of 19.6%, and a net profit of 184 million yuan, reflecting robust operational resilience and high-quality development [1][3]. Financial Performance - Revenue reached 1.783 billion yuan, up 19.6% year-on-year [1] - Gross profit was 402 million yuan, an increase of 9.6% [1] - Net profit stood at 184 million yuan, a rise of 1.9% [1] - Core property management business revenue grew to 1.322 billion yuan, a 31.0% increase [3] - Non-cyclical business revenue was 1.637 billion yuan, up 24.5% [3] Business Strategy and Growth - 85% of new contracts were signed in deep cultivation cities, with high-capacity cities making up 92% of managed area [3] - New contract area expanded by 6.9 million square meters, enhancing market expansion capabilities [3] - Community value-added services showed significant growth through the "Yue Lin Life" model, optimizing sales and customer repurchase rates [3] Cost Management and Risk Control - Sales expense ratio decreased to 5.9%, down 1.0 percentage points year-on-year [3] - Implemented dual mechanisms for cash flow management and project efficiency [3] Organizational Development and Shareholder Returns - The company is enhancing organizational efficiency through talent optimization programs [4] - Declared a mid-term dividend of 15.3 Hong Kong cents per share, an 82% increase year-on-year [4] Service Quality and Customer Satisfaction - Managed projects increased to 623, with a total managed area of 10.853 million square meters [5] - Customer satisfaction reached 90 points in third-party surveys [5] Technological Integration and Sustainability - Acquired Jinmao Green Building Technology to integrate property services with energy operation [5] - Implemented AI and robotics in operations to enhance efficiency and service quality [6] ESG Performance - Achieved an upgrade in ESG rating from BBB to AA, ranking 9th in the real estate industry [7] - Conducted 28 ESG initiatives, with 100% compliance in hazardous waste disposal [7] - Received multiple awards for excellence in ESG and sustainable development [7]

Core Insights - The shift towards green consumption is accelerating from conceptual advocacy to behavioral transformation, necessitating deep changes in supply chains, industrial chains, and value chains [1] - The third "Vibrant ESG" Innovation Forum highlighted the critical role of enterprises in the green transition, emphasizing the need for tangible actions to eliminate "greenwashing" and enhance consumer awareness of environmental contributions [1] Group 1: Supply Chain Challenges - Companies face significant emission reduction challenges across their supply chains, with industry-specific pain points. For instance, McDonald's identifies upstream agricultural sectors as the most challenging area for carbon reduction [2] - Adidas reports that 80% of its carbon emissions come from suppliers, highlighting the reliance on supplier cooperation for effective carbon reduction [2] Group 2: Recycling and Consumer Responsibility - The rapid growth of the food delivery market in China raises concerns about the effective recycling of packaging waste, with only 5%-10% of food packaging currently recyclable [3] - Sony's diverse business operations complicate ESG management across different sectors, indicating the need for a comprehensive approach to sustainability [3] Group 3: Technological Innovations - Companies are investing in innovative technologies to address green transition challenges. For example, Sony's "So Plus" technology converts waste materials into recyclable products, achieving a 99% rate of renewable plastic [4] - Mars is investing over $100 million in research to improve packaging sustainability, transitioning to paper packaging for its products [4] Group 4: Cost Reduction and Efficiency - Huazhu Group emphasizes cost reduction and efficiency through modular design, achieving a 15% cost reduction and a 30% decrease in construction time [5] - Adidas has implemented a project to recycle returned or substandard clothing into eco-friendly bags, successfully recycling 60,000 tons of waste clothing [5] Group 5: Consumer Engagement - Huazhu's "Green Stay" initiative encourages guests to bring their own toiletries and opt for no cleaning services, rewarding them with green points, which has been well-received by consumers [5] - Adidas aims to make sustainable choices effortless for consumers, integrating sustainability into the core of its product offerings [6] Group 6: Strategic Reassessment - Companies must rethink governance, risk management, and operational management to transform potential cost burdens into efficiency gains and sustainable brand value [7]

21世纪经济报道记者易佳颖 实习生王野 "阿迪达斯实现了99%的聚酯纤维都是可再生的聚酯纤维。"吴亮介绍道，"此外，我们还在中国推动了 很多合作伙伴的节能减排工作，包括废弃煤作为主要的燃料，鼓励它们用更好的清洁能源。"早在两年 前，阿迪达斯在《2023年大中华区可持续发展报告》披露，自2022年，阿迪达斯禁止供应商新增燃煤设 备，2023年完成48台燃煤锅炉改造（使用生物质/天然气），6家供应商完全弃煤。预计2025年全面淘汰 燃煤锅炉，减碳29.7万吨。如果阿迪达斯想要在2050年实现净零排放，"必须让我们的供应商和我们携 手并进才可以。" 更进一步的是，如何让环保切实进入消费环节？"能够让消费者毫无负担的选择我们的环保的产品才是 最重要的。"对此，吴亮直言，这意味着必须跨越三重障碍：消除成本溢价、超越传统产品性能、将环 保行为自然嵌入消费场景。"我们希望能够消费者在选择阿迪达斯的时候本身就选择了一个可持续的生 活方式和运动方式。" 以阿迪达斯的门店运作为例，去年推出了一个环保袋的项目：将阿迪达斯消费者退货或者是不太达标的 服装用物理的方式打碎，织成布，做成环保袋，这个原先只是在员工内部试水的项目却广受消费 ...

苏州科达科技股份有限公司 董事会战略与ESG委员会制度 第一章 总则 第一条 苏州科达科技股份有限公司（以下简称"公司"）为适应公司战略的发展需 要，提升公司环境、社会及治理(ESG)水平，增强公司核心竞争力，保证公司发展规划和 战略决策的科学性，增强公司的可持续发展能力，特设立董事会战略与ESG委员会（以下 简称"战略与ESG委员会"）。为确保战略与ESG委员会规范、高效地开展工作，公司董 事会根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上海证券交易所上市 公司自律监管指引第14号-可持续发展报告（试行)》和中国证券监督管理委员会和上海证 券交易所的有关规定以及《苏州科达科技股份有限公司章程》（以下简称"《公司章程》" ），制定本制度。 第二条 战略与ESG委员会是公司董事会下设的专门机构，主要负责对公司长期发展战 略规划、重大战略性投资及ESG相关事项进行可行性研究，向董事会报告工作并对董事会 负责。 第三条 战略与ESG委员会所作决议，应当符合有关法律、法规、规范性文件及《公司 章程》、本制度的规定。 第二章 人员组成 第四条 战略与ESG委员会由三名董事组成，战略与ESG委员会委员由公司 ...

BOARD AND MANAGEMENT INTERIM RESULTS PRESENTATION AUGUST 27, 2025 DISCLAIMER This presentation contains forward-looking statements that involve risks and uncertainties. These statements are generally indicated by the use of forward-looking terminology such as "believe", "expect", "anticipate", "estimate", "plan", "project", "target", "may", "will" or other similar words that express an indication of actions or results of actions that may or are expected to occur in the future. You should not place undue rel ...

Core Insights - The A-share market is experiencing a strong upward trend, with the Shanghai Composite Index targeting 3900 points and the ChiNext Index showing a nearly 20% increase this month [1] - The total market size of ETFs has surpassed 5 trillion yuan, with the ChiNext ETF (159915) reaching over 100 billion yuan, making it the seventh ETF to enter the "billion club" [1] Group 1: ETF Market Dynamics - The ChiNext ETF tracks an index that includes a significant number of new productivity forces, with strategic emerging industries accounting for 92% of its weight [1] - Key sectors within the ChiNext Index include new generation information technology (34%), new energy vehicles (24%), and biotechnology (12%) [1] - The ChiNext Index underwent an "upgrade" in June, introducing individual stock weight limits and an ESG negative exclusion mechanism, enhancing its representational and investment functions [1] Group 2: ChiNext ETF Performance - As the first ChiNext-related ETF, the ChiNext ETF (159915) leads its peers with an average daily trading volume of 3.6 billion yuan over the past month [1] - The ETF offers good liquidity and has a low management fee rate of 0.15% per year, facilitating low-cost investment opportunities in innovative and entrepreneurial enterprises [1]

Group 1: Solar Industry Regulation - The Ministry of Industry and Information Technology and other departments have convened a meeting to regulate the solar photovoltaic industry, emphasizing the importance of a healthy competitive order for high-quality development [2] - Key measures include strengthening investment management, curbing low-price competition, ensuring product quality, and promoting industry self-discipline [2] Group 2: Electricity Consumption Data - In July, the total electricity consumption in China exceeded 1 trillion kilowatt-hours, marking an 8.6% year-on-year increase [3] - The first industry saw a significant increase in electricity consumption, growing by 20.2%, while the third industry also experienced a notable rise of 10.7% [3] Group 3: CCER Methodology - The Ministry of Ecology and Environment has released a draft for the third batch of CCER methodologies, introducing new methodologies for biomass power generation and methane recovery in the oil and gas sector [4][5] - The new methodologies aim to promote waste utilization and reduce emissions, enhancing the market mechanisms for carbon reduction [5] Group 4: Shanghai Carbon Market Reform - Shanghai has published an action plan for deepening carbon market reforms from 2026 to 2030, aiming to establish a carbon trading and financial center with international influence [6][7] - The plan includes measures to improve the carbon emissions trading market, expand the scope of market participants, and establish a dual control system for total emissions and intensity [6] Group 5: ESG Case Collection - The third edition of the "Vitality·ESG" case collection received nearly 200 submissions, reflecting a growing emphasis on ESG practices among enterprises [8] - A total of 56 cases were selected, categorized into environmental friendliness, social responsibility, and corporate governance [8] Group 6: Green Electricity Direct Connection - A recent seminar discussed the economic considerations of green electricity direct connection projects, emphasizing the need for region-specific pricing strategies [9][10] - The economic viability of these projects depends on local resource availability and the specific needs of industries [10][11]

Core Insights - Gansu Shangfeng Cement Co., Ltd. reported a slight decline in revenue but significant growth in net profit and cash flow for the first half of 2025 [1][2] Financial Performance - The company achieved operating revenue of 2.272 billion yuan, a year-on-year decrease of 5.02% [1] - Net profit attributable to shareholders was 247 million yuan, an increase of 44.53% year-on-year [1] - The net profit excluding non-recurring gains and losses was 282 million yuan, up 33.47% year-on-year [1] - Net cash flow from operating activities reached 476 million yuan, a growth of 23.99% [1] - The comprehensive gross profit margin for operating business was 31.8%, an increase of 6.38 percentage points year-on-year, maintaining industry leadership [1] Business Segments - The company’s extended businesses, including aggregates and renewable energy, experienced rapid growth [1] - Aggregate sales reached 5.1906 million tons, a year-on-year increase of 37.46% [2] - The company processed 7.85 million tons of hazardous and solid waste, generating revenue of 51.0192 million yuan [2] - In renewable energy, photovoltaic power generation was 14.1637 million kWh, up 92.1% year-on-year, and energy storage discharge increased by 182% [2] Investment Activities - The company focused on equity investments in semiconductor materials and other technology innovation sectors [2] - New investments included companies in the semiconductor field, contributing to the company's dual-driven growth strategy [3] - Several invested companies are in the process of going public, indicating a successful investment strategy [3] Corporate Governance and Recognition - The company actively supported the recommendation mechanism for independent directors by minority shareholders, becoming the first non-public enterprise listed company to do so [3] - It received an A rating in the "2025 China Cement Enterprise ESG Ranking," placing it in the top ten for its performance in environmental, social, and governance aspects [3] - Various subsidiaries received accolades such as "Top 30 Local Enterprises" and "Provincial Green Mines" [3]