近日，中国海外发展(以下简称"中海发展")凭借卓越的可持续发展表现再次获得国际权威机构认可。在 晨星(Sustainalytics)最新发布的ESG风险评级中，中海发展以13.9分的成绩蝉联"低风险"评级，位列全球 参评企业前3%，较2024年的前10%进一步提升，持续领跑内房企业。这一成绩不仅反映出公司在环 境、社会及治理方面的卓越管理水平，更彰显其以可持续发展构筑企业核心竞争力的战略远见。 中海发展的ESG优异表现，源于其扎实的ESG风险管理机制与清晰的战略定位。公司坚定推进"四好公 司"战略——好产品、好服务、好效益、好公民，以美好使命为引领，保持合理发展规模与稳健财务结 构，持续通过产品创新与服务升级，绘制出一条高质量、可持续的增长路径。 房地产止跌回稳，稳健型企业迎来价值重估 近期国务院会议明确提出巩固房地产止跌回稳，多管齐下释放改善性需求。加快构建房地产发展新模 式，推动高质量发展的大背景下，房地产市场正逐步回归良性循环。在这一背景下，财务健康、战略清 晰、运营高效的房企将更具竞争优势与抗周期能力。 中海发展正是这样一家以战略定力穿越行业波动、以精细运营实现价值增长的企业。公司战略聚焦北 京、上海 ...

Financial Data and Key Metrics Changes - The company's turnover increased by 1% to R9.8 billion for the year, with a notable recovery in the second half driven by strong demand and improved operational performance [4][30] - Trading profit declined by 4% to R1.18 billion, recovering from a 17% decline reported at the half-year mark [6][33] - Headline earnings per share increased by 1.5% to 625.6 cents, supported by solid contributions from joint ventures and share repurchase impacts [6][35] Business Line Data and Key Metrics Changes - The Consumer division saw a 6% increase in trading profit, driven by strong performance in personal and home care products, particularly the EpiMax brand [12][41] - The Over-the-Counter (OTC) division's trading profit increased by 5% to R404 million, benefiting from an early flu season and normalized buying patterns [16][43] - The Prescription division's trading profit decreased by 25% to R265 million, although it showed recovery from a 52% decline at the half-year [18][45] - The Hospital division's revenue increased by 6.7% to R2.2 billion, supported by increased demand for renal products and intravenous fluids [22][46] Market Data and Key Metrics Changes - The company reported a gross margin decline to 33%, down from 33.4% the previous year, influenced by a less favorable sales mix and lower production levels at the Wadeville facility [5][32] - The OTC division holds a market share of about 20% and a volume share of almost 30% in South Africa [13] Company Strategy and Development Direction - The company is focusing on integrating the Lundbeck portfolio to strengthen its presence in the central nervous system pharmaceuticals market [19][20] - A commercial agreement with GSK South Africa aims to introduce a pipeline of vaccines, starting with Bexera for meningitis B prevention [20] - The company is investing in infrastructure improvements and regulatory compliance to enhance operational resilience [24][27] Management's Comments on Operating Environment and Future Outlook - Management noted a marked improvement in trading and financial performance in the second half, driven by strong demand and disciplined cost management [4][6] - The regulatory environment remains stable, with updates on codeine-containing medicines and ongoing assessments for orally administered phenylephrine products [7][8] - The company is optimistic about future growth, particularly in the hospital and prescription divisions, despite challenges faced in the past year [18][22] Other Important Information - The company has made significant investments in sustainability initiatives, including waste management and renewable energy projects [25][26] - A ten-year supply and distribution agreement with Medline has been signed to enhance the hospital division's offerings [25] Q&A Session Summary Question: Are there any questions from the conference call? - There were no questions from the conference call or the webcast, indicating a comprehensive overview was provided [49][50]

近年来， UV 固化行业朝着低 VOC 、生物基体系快速演进。诸如羟基烷基丙烯酸酯、聚氨酯丙烯酸酯、聚酯低聚物等材料正因其性能、柔韧性与环保性的平衡 而受到青睐。尤其是在医疗和个护领域，低刺激性的单体需求日益增加。为此，头部企业纷纷布局闭环回收体系，采用可再生原料以实现可持续目标。这一转 型不仅提升了品牌形象，也更贴近发达市场终端客户的绿色采购偏好。 全球紫外线单体与低聚物市场正在经历快速转型。据 QYResearch 最新报告显示，预计到 2031 年，该市场规模将达到 51.1 亿美元， 2025 年至 2031 年期间的年 复合增长率将达到 7.0% 。推动该市场增长的主要动力包括涂料、胶粘剂、 3D 打印和电子等行业日益增长的需求。 从区域来看，亚太地区在全球紫外线单体与低聚物市场中占据主导地位， 2024 年贡献了 47.64% 的收入，主要得益于中国、韩国、日本和印度在汽车涂料、电 子产品和喷墨打印等领域的强劲需求。欧洲以 26.28% 的份额紧随其后，该地区严格的环保法规推动了 UV 固化体系的普及。美洲占比 21.94% ，其中美国在医 用胶粘剂和电子领域的技术创新仍处于领先地位。中东和非洲市 ...

Group 1 - The article outlines the establishment and operational guidelines of the Strategic Committee of Hangzhou Iron & Steel Co., Ltd. to enhance the company's core competitiveness and improve decision-making processes [1][2] - The Strategic Committee consists of 5 directors, including at least 1 independent director, and is responsible for long-term strategic planning and major investment decisions [3][4] - The committee's responsibilities include researching and proposing suggestions on the company's long-term development strategy, major investments, financing decisions, and sustainable development [3][4] Group 2 - The term of the Strategic Committee aligns with that of the Board of Directors, and members automatically lose their committee status if they cease to be directors [2] - The committee is required to submit work reports to the Board, which include analyses of major strategic projects and long-term planning evaluations [3][4] - The decision-making process involves preparation by relevant departments, discussions in committee meetings, and submission of proposals to the Board for approval [4][5] Group 3 - The committee meetings require the presence of at least two-thirds of the members to be valid, and decisions are made by a majority vote [5] - The committee can invite company executives and external advisors to meetings for professional opinions when necessary [5][6] - The article specifies that any unresolved matters should adhere to national laws and regulations, and the Board is responsible for interpreting and amending the guidelines [6]

在复杂的国际市场环境下，持续加码中国本土化布局仍是多数跨国企业的长期选择。记者获悉，为积极 应对全球需求疲软的局面，特殊化学品公司朗盛正进一步优化其全球生产网络。近期，朗盛集团首席财 务官施坦文（Oliver Stratmann）在上海接受记者采访时表示，"聚焦本地化，过去几年朗盛通过诸多收 购，进一步增强在亚洲区域的市场足迹，推动可持续增长。我们很关注中国市场的发展，希望可以与中 国经济一起持续发展。" 施坦文表示，过去几年朗盛在中国的投资为未来的进一步业务发展打下了扎实的基础。之前跨国企业在 华的本土化主要是在当地制造生产，如今是要为中国市场的客户提供定制化产品和解决方案，这就需要 外资企业加大研发和本地化运营的力度，从而满足客户的个性化需求。比如，朗盛为C919大飞机起落 架减震装置提供润滑油，为中国六神、润本等本土驱蚊液产品提供驱蚊剂原材料羟哌酯等。 施坦文表示，放眼全球，化学行业产能过剩是目前的普遍现状。朗盛已经做好了准备，并且也进行了结 构的优化和产品组合的精简，降低了成本。"未来只要市场需求回升，我们就更具有活力，盈利能力也 会进一步增强。而中国还是一个充满活力的市场，我们将持续深耕。" "中国 ...

Group 1: Financial Performance - In the first half of 2025, the company achieved revenue of 3.12 billion CNY, a year-on-year decline of 7%, with a net profit attributable to shareholders of 266 million CNY, down 20% year-on-year [4] - The second quarter saw a year-on-year revenue increase, with domestic business revenue at 2.1 billion CNY, while overseas business grew significantly by 30%, reaching 1.02 billion CNY [4] Group 2: Business Segments and Products - The company focuses on providing advanced system solutions and lifecycle services in the energy and power sectors, with key products including compressors and heat exchangers, covering a temperature range of -271℃ to 200℃ [4] - The low-temperature refrigeration segment generated revenue of 1.73 billion CNY, accounting for 55% of total revenue, while the HVAC segment contributed 1.2 billion CNY, making up 39% [4] Group 3: Data Center Applications - The company’s subsidiaries provide cooling equipment for data centers, including variable frequency centrifugal chillers and integrated natural cooling function screw chillers, which have been recognized in the national green data center technology catalog [5] - Successful projects include major data centers across China and collaborations with local integrators in North America, Australia, Southeast Asia, and the Middle East [5] Group 4: Nuclear Power Industry - The company is actively involved in the nuclear power sector, focusing on core applications such as nuclear island cooling and heat recovery, with innovative technologies developed for safe and efficient energy use [6][7] - It has provided services to multiple nuclear power stations in China, enhancing operational safety and efficiency [6][7] Group 5: Industrial Heat Management - In line with national carbon reduction strategies, the company has launched comprehensive industrial heat control solutions, integrating high-temperature and wide-temperature range heat pump technologies [8] - The solutions aim to achieve efficient energy recovery and utilization across various industrial applications, reflecting the company's long-term strategic vision [8]

在资源开发与生态保护的动态平衡中，云天化集团以加减乘除"四维运算"破解行业共性难题。 资源增值"做加法"，科技创新破解资源约束。矿山是资源利用的第一环，也是云天化算好生态账的关键 点。通过其自主研发的"露天长壁式"采矿法，将矿山开采强度提升70%，贫化率、损失率双降68%与 11%；针对云南省90%中低品位胶磷矿的利用瓶颈，技术团队成功将浮选尾矿品位从10%降至6%以下。 节能减排"做减法"，全产业链构建低碳体系。云天化以"高效、清洁、低碳、循环"为核心构建绿色制造 体系，黄磷、磷铵等主导产品多年获"全国能效领跑者"称号；使用国际复材超高模量玻璃纤维让风电叶 片扫风面积增加20%以上，理论发电量提升近40%；大为制氨公司与华为合作的全球首个煤气化RTO大 模型项目，实现年节煤9100吨、减排二氧化碳20086吨；水富云天化基地通过尾水回用技术，年节水达 80万立方米，形成"数字赋能降碳"的标杆案例。 产品转型"做乘法"，绿色矩阵激活产业价值。云天化围绕产品全生命周期进行绿色管理，持续打造"绿 色产品"矩阵。截至目前，集团获得125项绿色产品认证（其中国家级73个）；热塑玻纤全系列产品获 100%消费前回收认证 ...

HBC recorded total operating revenues of NOK 68.4 million in the second quarter of 2025, compared to NOK 80.4 million in the same period last year. Net operating revenues were NOK 67.8 million, compared to NOK 72.2 million in the same quarter last year. Total operating revenue for the first six months of 2025 was NOK 129.3 million (NOK 132.8 million). Please find the HBC Q2 2025 Financial report attached. For further information, please contact: Jon Olav Ødegård, CEO of Hofseth BioCare ASA Phone: +47 936 32 ...

在羊乳行业蓬勃发展、竞争格局加速形成的当下，如何为消费者提供真正优质的羊乳产品，并构建厂商 与经销商共赢的生态体系，成为行业持续健康发展的核心命题， 央牧乳业以"真羊乳，选央牧"为核心 理念，打造全维度赋能模型，为经销商提供超越产品层面的战略支持。 面对竞争激烈的市场环境，品牌经销商需要的不仅是优质产品，更需要全方位的支持与赋能。为此，央 牧系统性地推出了一系列创新举措，从品牌推广、渠道建设到营销支持，多维度助力经销商开拓市场。 营销动能激活 全链路促销支持：央牧乳业为经销商提供定制化物料库（智能展架等）及活动矩阵等； 定期举办新品发布会、促销活动等，也为经销商吸引客流、提升销量提供了有力保障。 多维支持不仅降低经销商运营成本，更建立"央牧-经销商-消费者"价值闭环。 行业协同生态：品质标杆与创新联盟共筑健康未来 央牧乳业以品质为基石，携手产业链伙伴推动行业规范化与科技化升级。 品牌推广强赋能 线上线下并举：线上，品牌在百度、知乎、抖音等平台深耕内容种草与搜索优化，持 续积累品牌搜索资产，有效提升品牌知名度和美誉度；线下，央牧乳业积极亮相上海CBME婴童展、全 国糖酒会等行业盛会，向大众推介新产品与服务，强化 ...

Core Insights - The tourism heat in Jiuzhaigou has reached peak levels, with the scenic area receiving a maximum daily visitor capacity of 41,000 for 24 consecutive days from July 28 to August 20, resulting in over 984,000 visitors, a year-on-year increase of over 240,000 visitors, representing a growth rate of 32.34% [1][3][5] Management and Operations - Jiuzhaigou has implemented a service philosophy of treating visitors as guests, relatives, and valued individuals, launching a first-level response for tourism reception and employing measures such as reservation, staggered entry, and crowd diversion to manage visitor flow effectively [3][5] - The scenic area has maintained a zero-accident record and zero major service quality complaints during this peak period, showcasing its effective management and operational capabilities [1][3] - The average waiting time for visitors to enter the park was controlled to within 15 minutes, and the waiting time at scenic spots was kept under 5 minutes, with a visitor satisfaction rate exceeding 96.5% [3][5] Environmental Protection and Sustainability - Jiuzhaigou adheres to a sustainable development philosophy that prioritizes ecological protection, with continuous monitoring of key environmental indicators and a commitment to daily waste management [5][6] - The scenic area has mobilized 23,000 personnel for environmental protection efforts, managing 360 tons of waste and 480 tons of sewage during the peak period [5] Future Plans - The management intends to use the successful experiences from this peak season as a foundation for further optimizing management processes, enhancing smart technology levels, and deepening service quality while ensuring ecological safety and an exceptional visitor experience [6]