Core Insights - The company, 万物新生 (RERE), opened with a 2.05% increase, reaching $3.98 per share, with a total market capitalization of $875 million [1] - As of March 31, 2025, the company reported total revenue of 4.653 billion RMB, reflecting a year-on-year growth of 27.45%, and a net profit attributable to shareholders of 42.8 million RMB, which is a significant increase of 146.09% [1] - The company is set to release its fiscal year 2025 interim report on August 20, prior to the market opening [1] Company Overview - 万物新生 is a Cayman Islands-registered holding company primarily operating through its domestic subsidiary, 上海万物新生环保科技集团有限公司 [1] - Established in 2011, the company positions itself as a "Internet + Environmental Protection" circular economy enterprise [1] - The company operates four main business lines: 爱回收, 拍机堂, 拍拍, and overseas business AHS Device [1] - The mission of the company is to maximize the utility of idle resources, aiming to become a model enterprise for ESG (Environmental, Social, and Governance) practices [1]

2025 Interim Results Agenda 01 Results Highlights 02 Financial Review 03 Business and Operational Review 04 Outlook and Strategy 05 Open Forum 01 Results Highlights 3 Results Highlights 4 Results Highlights 23.4 20.2 18 16 2024H1 2025H1 Earnings per share (basic RMB cents) Dividend per share (HKD cents) Earnings per share (basic) and Dividend per share 71.7 75.1 2024H1 2025H1 Accumulated dividends (HKD 100mn) and Dividend payout ratio 18 16 12 2024 2025H1 Interim Final Dividends per share 30 71.9% 72.4% Rev ...

证券日报网讯天阳科技（300872）8月12日在互动平台回答投资者提问时表示，海南绿色数字信用利用 大数据、区块链、模型等技术，基于财政部企业可持续披露标准要求，为企业构建ESG数据平台与绿色 信用体系。 ...

Core Insights - The beauty industry is increasingly focusing on sustainable development as a core strategy, driven by the "dual carbon" strategy and the green consumption wave [1][2] - Major players like Huaxizi and Proya are actively implementing ESG (Environmental, Social, Governance) practices, with initiatives such as Huaxizi's smart factory and Proya's "green beauty" strategy [1][2] - Natural堂 Group's 2024 Sustainable Development Report highlights the company's commitment to social responsibility as a fundamental aspect of its brand identity [2] ESG Practices in the Beauty Industry - Natural堂 Group's report outlines its strategic layout and key initiatives in ESG, emphasizing the importance of integrity, quality, and technological leadership since its establishment in 2001 [2] - The report serves as a reference for sustainable development practices in the beauty industry, showcasing the responsibilities and values that companies should uphold [2] - Other companies, such as Huaxizi and Proya, are also making strides in ESG, with Huaxizi achieving a "digital level four" certification and Proya integrating sustainability into its product lifecycle [2] Drivers for ESG Focus - The increasing global emphasis on environmental protection and social responsibility is driving beauty companies to focus on ESG, alongside growing consumer demand for sustainable products [3][6] - Stricter government regulations on ESG compliance necessitate that companies meet certain standards to avoid legal risks [3][6] - Implementing ESG practices can enhance brand image and consumer trust, thereby improving market competitiveness [3][6] Execution Challenges - The successful implementation of ESG principles remains a challenge, with many companies still in the exploratory phase of their ESG journey [7] - Key difficulties include managing the environmental impact of production processes and the costs associated with transitioning to sustainable practices [7] - Companies are encouraged to focus on the entire product lifecycle to minimize carbon emissions and resource consumption while enhancing social responsibility [7] Future Outlook - ESG practices are expected to drive the beauty industry towards greater sustainability, with companies excelling in ESG likely to gain market opportunities and consumer recognition [8] - The competition within the industry is shifting from price and quality to comprehensive value, influenced by consumer demand for environmentally friendly and personalized products [8] - Key themes such as technological barriers, globalization, and sustainable development will continue to be central to leading beauty companies as they seek to find balance in their operations [8]

Core Viewpoint - The controversy surrounding the chairman of the company, Yu Huiyong's remarks about "educating consumers" rather than catering to them, has sparked significant public backlash, highlighting a disconnect between the company's product positioning and consumer perceptions [4][5]. Group 1: Consumer Relations and ESG Issues - The chairman's comments were perceived as arrogant, challenging the principle of consumer rights protection outlined in the company's ESG report [5]. - The 2024 ESG report emphasizes the establishment of a comprehensive quality control system, including expanding pesticide residue testing from over 200 to 300 items and conducting multiple food safety audits [5][6]. - Despite these initiatives, they are seen as reactive measures following previous quality control failures, including allegations of using spoiled fruit for products [6]. Group 2: Membership and Pricing Strategy - The company has seen a decline in paid membership numbers, dropping to 850,000, a decrease of 27.1% from the previous year, amid rising consumer sensitivity to high prices [9]. - In response to market pressures, the company shifted from a "high-end" to a "high cost-performance" strategy, leading to a significant drop in gross margin from 11.5% to 7.4% [9]. Group 3: Franchise Operations and Market Competition - The number of franchise stores decreased from 6,081 to 5,116, with a net reduction of 965 stores, indicating operational challenges [10]. - The company's revenue from franchise operations fell from 8.5 billion to 7.4 billion, with average annual revenue per store declining from 880,000 to 796,000 [10]. - Issues such as high inventory turnover days and unfavorable contract terms have strained franchisee profitability, contradicting the company's claims of supporting franchisees in its ESG report [11][12]. Group 4: Financial Performance and Market Reaction - The company reported its first loss in five years, with stock prices plummeting over 80% and market capitalization decreasing by nearly 8 billion HKD [12]. - Following the chairman's controversial remarks, the stock experienced a significant drop, reflecting investor concerns about the company's future [12].

转自：草原云 活动现场举行了国麦振兴实践基地授牌仪式与战略签约仪式，为推动国麦产业发展注入新动力。此外， 别具一格的麦田走秀也让观众眼前一亮。身着特色服饰的模特们手持国麦、农优产品和特色饮品，在大 麦田间展示出独特的魅力。 8月11日，以"一麦相承、共酿美好"为主题的"ESG中国・国麦（华润啤酒）行"活动在呼伦贝尔农垦拉 布大林农牧场第三（连）队大麦田举办。 活动现场。 此次活动汇聚了中国企业改革与发展研究会、国家大麦青稞技术体系、黑龙江农垦科学院、华润集团、 华润啤酒、自治区国资委服务局、呼伦贝尔农垦及相关企业的代表，共同探讨ESG理念下的发展新路 径。 论坛环节。 活动现场，4位受邀嘉宾登台致辞，表达了对ESG理念的深刻理解，以及对此次活动促进各方合作、推 动可持续发展的殷切期望。在《ESG中国企业的探索之旅》论坛环节，嘉宾们围绕融入生态、自然、草 原等内容，结合各自领域积极建言献策，探讨如何在企业发展中更好地践行ESG理念。 签约仪式。 模特走秀。 "ESG中国·企业行"是"ESG中国"平台的重要组成部分，旨在促进企业利益相关方通过沟通与参与，更好 地推动企业在环境、社会和企业治理（ESG）方面的持续发 ...

Core Viewpoint - The establishment of the "China International Science and Technology Promotion Association Mother Fund Branch" aims to enhance the role of mother funds in China's capital market, promote social capital towards innovative and entrepreneurial enterprises, and support the healthy development of the investment industry, particularly the mother fund sector [1][26]. Group 1: Jiangsu Green Low-Carbon Mother Fund - Jiangsu Province has set up a green low-carbon industry special mother fund in collaboration with Yancheng City, with a total scale of 2 billion yuan [3]. - The fund aims to support the integration and development of strategic emerging industry clusters in Yancheng City and optimize the local modern industrial system [4]. - The fund is structured as a limited partnership with a duration of 15 years, including an 8-year investment period and a 7-year exit period [7]. - The total investment structure includes contributions from various entities, with the provincial mother fund contributing 500 million yuan, accounting for 25% [8]. - Investment will focus on green low-carbon industries, including new energy, smart energy, and green environmental protection [10]. Group 2: TaiKang Asset and Carbon Neutrality - The "TaiKang Asset-Financial Communication-Yuanjing New Energy Holding Real Estate Asset Support Special Plan (Carbon Neutrality)" was successfully launched with an issuance scale of 285 million yuan and a term of approximately 50 years [13]. - This project marks a significant step in the securitization of clean energy assets and provides innovative solutions for enterprises with green electricity and ESG needs [13]. Group 3: Industry Collaboration and Development - Tianchuang Capital engaged in discussions with Feynman Power and other entities to promote the development of green low-carbon aviation fuel in the Beijing-Tianjin-Hebei region [15][16]. - The Guangzhou Development Zone Fund Investment Group conducted research and exchange activities with Guangdong Yuecai Fund to explore innovative mechanisms for state-owned capital funds [17][18]. - Guoyuan Fund participated in the Hefei High-tech Zone Investment Ecological Partner Conference, signing a cooperation fund to enhance regional economic development [21]. - Xiamen's municipal leadership emphasized the importance of government investment funds in attracting projects and capital to promote technological and industrial innovation [24][25].

2025 Interim Results 12 August 2025 China Unicom (Hong Kong) Limited 762.HK Forward-Looking Statements Overall Results 3 Steady Growth in Operating Results 轻量化5GC 轻量化5GC 轻量化5GC Operating revenue Service revenue Profit before income tax 1H 2022 1H 2023 1H 2024 1H 2025 (RMB bil ) 1H 2022 1H 2023 1H 2024 1H 2025 (RMB bil ) 1H 2022 1H 2023 1H 2024 1H 2025 (RMB bil ) 176.3 191.8 197.3 200.2 161.0 171.0 175.7 178.4 13.4 15.3 16.9 17.8 2023 年 度 业 绩 Certain statements contained in this presentation may be viewed as ...

"破局与重构——大资管再造竞争力" 由南方财经全媒体集团指导，《21世纪经济报道》主办、浦发银行联合主办的"2025资产管理年会"即将 于2025年8月16日在上海浦东隆重举办。 "资产管理年会"始于2008年，已经连续举办十七届， 已成为国内资管行业最具影响力的盛事之一。本 届"资产管理年会"的主题为"破局与重构——大资管再造竞争力"，围绕大类资产多元配置、指数投资、 资管新趋势、绿色生产力助力企业高质量发展等议题展开，邀请资管领军者发言分享对于行业发展的洞 见。 以下为2025资产管理年会议程： 2025年8月16日 上海·浦东 上海鲁能JW万豪侯爵酒店 【议程设置】 08:30-12:302025资产管理年会：破局与重构——大资管再造竞争力 13:30-17:30主题一：与波动共舞，解锁多元资产配置之道 13:30-17:30主题二：被动投资大发展下的资管新趋势 13:30-17:30第三届"活力·ESG"创新论坛 ■ 上午 破局与重构——大资管再造竞争力 08:00-08:30嘉宾签到 08:35-08:50活动致辞 08:50-10:30主旨演讲 刘世锦 十三届全国政协经济委员会副主任、国务院发展研 ...

Core Viewpoint - The article emphasizes the need to establish a comprehensive ecological product value realization system to address challenges in measuring, mortgaging, trading, and monetizing ecological products, particularly in the context of the 20th anniversary of the "Green Mountains and Clear Water are Gold and Silver Mountains" concept [1][2]. Group 1: Establishing Ecological Product Value Systems - The establishment of an ecological product value evaluation system is crucial, which includes developing accounting standards for ecological product values and creating a directory of ecological products [2]. - A mechanism for applying ecological product value accounting results should be established, linking fiscal transfer payments and ecological protection compensation to these results [2]. Group 2: Enhancing Ecological Product Trading - Improving the ecological product rights trading system is essential, focusing on creating a diversified ecological protection compensation mechanism to facilitate the trading of ecological resource rights [2]. - The principle of "whoever restores, benefits" should guide the allocation of natural resource asset usage rights to incentivize social investment in ecological protection and restoration [2]. Group 3: Promoting Green Financial Products - Financial institutions are encouraged to launch green credit products, including rights related to land management, forest management, and ecological compensation [5]. - The establishment of risk compensation funds, ecological guarantee funds, and ecological insurance is recommended to enhance the risk-sharing mechanism for ecological products [5]. Group 4: Developing Ecological Tourism - The article highlights the importance of developing and enhancing ecological tourism in the northern Guangdong region, focusing on key scenic areas and integrating ecological and cultural tourism strategies [6].