Paris, February 3, 2026 Record levels of revenues and net income in 2025• Revenues of €25.7bn, +10% •• Net income1 of €4.1bn, +15% • FINANCIAL PERFORMANCE1 2025: Net banking income up 10% YoY to €25.7bn, driven by growth across all business lines Gross operating income up 22% YoY, thanks to a highly positive jaws effect Net income1 of €4.1bn (including a surcharge of €177m in corporate income tax), +15% YoYQ4-25: Net banking income of €6.7bn, up 11% YoY Cost/income ratio2 at 64.8%, down 3.0pp YoY Net ...

FOURTH QUARTER 2025 EARNINGS CONFERENCE CALL February 3, 2026 M P C | 4 Q 2 0 2 5 1 M P C | 4 Q 2 0 2 5 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements regarding Marathon Petroleum Corporation (MPC). These forward-looking statements may relate to, among other things, MPC's expectations, estimates and projections concerning its business and operations, financial priorities, strategic plans and initiatives, capital return plans, capital expenditure plans, operating cost reduct ...

FOURTH QUARTER 2025 EARNINGS CONFERENCE CALL February 3, 2026 M P L X | 4 Q 2 0 2 5 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements regarding MPLX LP (MPLX). These forward-looking statements may relate to, among other things, MPLX's expectations, estimates and projections concerning its business and operations, financial priorities, including with respect to positive free cash flow and distribution coverage, strategic plans, capital return plans, capital expenditure plans, o ...

Core Insights - Cleantek Industries Inc. is positioned for significant growth in Fiscal 2026, driven by a strong international contract and a focus on operational efficiency and shareholder value [1][3] Financial Outlook - Revenue is forecasted to grow to between $21.5 million and $22.5 million, attributed to higher utilization of the current fleet and robust international product sales [7] - Adjusted EBITDA is projected to be between $7.2 million and $7.5 million, reflecting the company's commitment to growth and financial discipline [7] - Capital expenditures are budgeted at $1.5 million to $1.65 million, with potential for expansion if additional growth opportunities arise [7] - The company plans to increase debt to support the execution of its large international contract, which is expected to enhance liquidity over the year [7] Strategic Positioning - Cleantek focuses on ESG-accretive solutions, providing integrated wastewater treatment and sustainable lighting solutions, targeting a diverse client base including major exploration and production companies [4][5] - The company emphasizes sustainability, safety, and operational excellence to meet rising market demand in water treatment and sustainable lighting [5] - Cleantek's public listing, tax pools, geographic presence, and high-quality assets make it an attractive candidate for mergers and acquisitions [7]

Geopolitical Risks - The geopolitical conflicts are expected to remain the biggest risk in 2026, with the U.S. focusing on Monroe Doctrine in the Western Hemisphere and increasing geopolitical tensions in Latin America and the Arctic[11] - The global geopolitical risk index is hovering around 140, indicating a second structural peak since the post-9/11 era, driven by systemic strategic competition among major powers[11] - The U.S. military operation against Venezuela's President Maduro marks a shift in U.S. strategy towards focusing on regional control of strategic resources[13][14] Economic Outlook - The global economy is projected to grow at around 3.0% in 2026, with developed economies expected to grow at approximately 1.6% and emerging economies at about 4.0%[31] - The U.S. economy is anticipated to maintain a growth rate of around 2%, supported by fiscal policies and technological advancements, despite facing structural challenges in the labor market[32] - The EU's economic growth is expected to remain sluggish at about 1.4%, hindered by high core inflation and weak performance in key economies like Germany and France[34] Monetary Policies - The Federal Reserve is likely to adopt a more accommodative monetary policy in 2026, with potential rate cuts of 2-3 times, influenced by political pressures and economic conditions[20][23] - The European Central Bank is expected to maintain a "middle strategy" in its monetary policy, balancing between controlling inflation and stimulating economic growth, with rates around 2%[24][26] - The Bank of Japan is projected to continue its gradual rate hikes, potentially reaching around 1% by 2026, amid challenges from fiscal policies and inflationary pressures[27][28] Fiscal Policies - Expansionary fiscal policies are expected to dominate globally, with developed economies' fiscal deficit rates around 5.0% and emerging economies around 6.0%[38][40] - The U.S. fiscal deficit is projected to remain high at approximately 7.5%, driven by the "Big and Beautiful Act" aimed at stimulating economic activity[38] - Japan's fiscal deficit is expected to expand to around 2.0%, as the government continues to prioritize fiscal expansion to boost domestic demand[40]

首先，披露范围强制性扩容，首次明确划定强制信息披露企业范围，同时A股赴港上市热潮也进一步扩 大了强制信息披露企业群体。其二，披露内容的体系化完善，《指南》明确构建21个核心议题的披露框 架，涵盖环境、社会、治理三大维度，其中环境维度新增碳排放强度、污染物排放总量等量化指标。其 三，披露标准的国际化接轨与本土化创新，在借鉴ISSB准则双重重要性原则、价值链披露等核心要求 的基础上，新增乡村振兴等中国特色指标，形成兼具国际兼容性与本土适配性的披露标准。 国新证券表示，此次发布是专项应用指南的精准补位，针对高耗能、高排放行业的核心披露痛点，明确 了具体指标的核算方法、数据来源与披露格式。 国新证券认为，2025年是中国A股市场ESG信息披露从自愿向强制转型的关键之年，沪深北三大交易所 联合发布的《上市公司可持续发展报告编制指南》及配套应用指南，构建了涵盖21个核心议题的标准化 披露体系。交易所ESG披露新规实现了三大核心突破，构建了全链条、标准化的披露管理体系，实现 从"自愿引导"到"强制规范"的全面升级。 中证报中证网讯(记者郑萃颖)近日，证监会指导沪深北证券交易所发布"污染物排放""能源利用""水资源 利用"三 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 2月2日下午，中国企业改革与发展研究会、责任云研究院与国泰海通联合举办"ESG中国·上海行——走进国泰海通"专题活动。本次活动作为2026年 度"ESG中国·企业行"系列活动的首站，以"走进上海国企"为主线，汇聚来自政府部门、行业协会、金融企业、投资机构、专业智库等多方代表，围绕"迈 向'十五五'：金融企业ESG从合规到价值创造的进阶之路"主题，开展深入研讨与务实交流，共同探索金融行业ESG发展新路径。 中国企业改革与发展研究会副会长、国务院国资委离退休干部管理局原局长范建林应邀出席并致辞，国泰海通党委副书记、总裁李俊杰出席活动并致辞， 国泰海通党委副书记韩建新、上海市国资委社会责任处副处长吴义平、责任云研究院执行院长叶柳红、国泰海通相关业务部门负责人以及来自金融同业、 投资机构及合作伙伴等近五十位代表参加本次活动。 "ESG中国·上海行——走进国泰海通"专题活动现场 图片来源：国泰海通 国泰海通党委副书记、总裁李俊杰 图片来源：国泰海通 李俊杰在致辞中表示，国泰海通始终将服务国家战略、融入发展大局作为重要职责使命。践行ESG不仅是顺应监管与市场趋势的必然之举 ...

如您属于以下利益相关方：政府与监管机构、客户、供应商、合作农户、社区（高校、媒体、社会组织等），请仅填写【影响】重要性问 卷； 如您为债权人（如银行等金融机构），请仅填写【财务】重要性问卷； 如您为股东和投资者，请同时填写【财务】与【影响】两份重要性问卷。 2025年，是温氏股份（300498.SZ）实现整体上市十周年，亦是公司创业四十二周年的重要里程碑。 2025年，是温氏股份（300498.SZ）实现整体上市十周年，亦是公司创业四十二周年的重要里程碑。 作为农业产业化国家重点龙头企业，我们始终秉承"千亿企业，百年温氏，打造世界一流的农牧食品集团"的企业愿景，坚定不移走高质量、可持 续发展之路。 我们密切关注全球ESG发展趋势，高度重视企业ESG治理体系建设。自2015年起，已连续十年发布可持续发展报告/社会责任报告，以实际行动践 行对环境、社会与治理的长期承诺。 为更精准识别与回应各方关切，科学制定未来ESG战略方向，我们诚挚邀请您参与《温氏股份2025年度ESG实质性议题调研问卷》。您的宝贵意 见，将成为我们优化发展战略、提升服务质效、深化多元协同的关键依据，助力温氏迈向更成长、更科技、更绿色、更有担当 ...

Investment Rating - The report assigns a rating of "Buy" for the company [7]. Core Insights - The company's development business drag is gradually alleviating, and the value of commercial operations is becoming more prominent, with clear future growth space and direction [1]. - The report is optimistic about the continuous revaluation of corporate value against the backdrop of REITs policy opening [1]. Financial Summary - Total revenue is projected to decline from 119,464 million RMB in 2023 to 40,927 million RMB in 2027, reflecting a decrease of 65.8% over the period [3]. - Net profit is expected to decrease from 879 million RMB in 2023 to 805 million RMB in 2027, with a significant increase of 213.3% in 2024 followed by fluctuations in subsequent years [3]. - The company's price-to-earnings (PE) ratio is forecasted to rise from 9.74 in 2023 to 18.25 in 2027, indicating a potential increase in valuation [3]. Market Data - The stock price has ranged between 1.69 and 2.71 HKD over the past 52 weeks, with a current market capitalization of 17,523 million HKD [4]. Business Strategy - The company has shifted its strategic focus from scale expansion to accelerating de-stocking and ensuring project delivery, confirming a bottom in profit margins [7]. - The commercial sector's operational capabilities are highlighted as a competitive advantage, with a focus on deep operational models and user engagement [7]. Cash Flow and Financing - The company has maintained stable cash flow generation capabilities, with monthly rental income projected at approximately 10.95 billion RMB in 2025, and a significant increase in the interest coverage ratio from 0.87 in 2020 to 4.42 in 1H25 [30][40]. - The company successfully issued various debt instruments, including a 3-year USD 300 million senior unsecured bond, indicating robust refinancing capabilities [30].

你买过替换装吗？在性价比与环保理念双重驱动下，这种"精简包装""核心不减"的产品形态或许有机会成为下一轮的消费新风潮。来自《个护用品替换装趋 势白皮书》的数据显示，18-29岁群体占替换装购买者57%，而在社交平台上，与"替换装"相关的细分话题笔记总量超11万篇。 作为替换装这一产品形式的主要推手之一，深耕中国市场的FineToday菲婷丝对于该产品形式的未来十分看好，"去年年底，FineToday菲婷丝通过TMIC进行 的调查数据显示，在天猫及淘宝渠道，中国消费者对于替换装的认知率提升至55%，认知购买率提升至49%，都取得了双位数增长，其中26—35岁年龄段的 消费者购买数据更为突出。"FineToday中国区CEO、上海菲婷丝化妆品经营有限公司总经理濑户温夫在接受采访时表示，"这一结果不仅证明了中国消费者 对于替换装产品的接受度正在飞速提升，也让我们对市场的未来发展充满信心。" FineToday中国区CEO、上海菲婷丝化妆品经营有限公司总经理 濑户温夫 核心品牌及替换装策略引爆中国市场业绩 《2025中国化妆品产业关键数据与发展趋势》显示，2025年，中国化妆品行业在全球经济深度调整中展现稳健韧性，全 ...