登录新浪财经APP 搜索【信披】查看更多考评等级 本次发布的《指南》，新增污染物排放、能源利用、水资源利用三个章节，主要内容包括：一是详细解 释相关议题的常见风险和机遇，如污染物排放总量控制要求导致的产能限制、化石能源开采难度增加等 风险，新污染防治技术的应用、引入水循环利用系统降低废水排放成本等机遇。二是提供披露数据的通 用计算流程与方法，如提示常见的污染物类型和披露示例，核算能源用量的具体方法，能耗、取水量和 耗水量的计算公式等。三是细化《指引》要求，明确污染物排放信息、减排信息、能源总消耗量、总耗 水量等具体披露要点。 一直以来，深交所努力打造可持续交易所标杆，积极开展相关实践，致力于培育壮大一批符合可持续发 展要求的上市公司群体。2025年，1164家深市公司主动发布2024年度可持续发展相关报告，占深市公司 总数超四成。已披露可持续发展报告的公司中，绝大部分已采用新指引框架和议题编制报告，报告规范 性和指标完整性均取得显著进步。截至2025年底，深市获得中证、国证ESG评级A级及以上的公司分别 为356家、881家。境外评级方面，MSCI评级A级及以上的公司25家，标普评级50分及以上的领先公司 1 ...

January 2026 Contents 2025 Annual Results Announcement 2025 Annual Results Investor Presentation 2025 Annual Results Presentation 03 2025 Annual Results Highlights 19 Hang Lung V.3 24 ESG Highlights 36 Chinese Mainland Portfolio 40 Hong Kong Portfolio 45 Development Highlights 48 Appendix 49 HLP – Financial Highlights and Position 52 HLG – Financial Highlights and Position 2025 Annual Results Highlights Hang Lung Properties (101.HK) | | | | Operating | | Underlying | | HLP – | | Dividends per share | | | -- ...

January 2026 2025 Annual Results Presentation Contents 2025 Annual Results Announcement 2025 Annual Results Investor Presentation 03 2025 Annual Results Highlights 19 Hang Lung V.3 24 ESG Highlights 36 Chinese Mainland Portfolio 40 Hong Kong Portfolio 45 Development Highlights 48 Appendix 49 HLP – Financial Highlights and Position 52 HLG – Financial Highlights and Position 2025 Annual Results Highlights Hang Lung Properties (101.HK) | | | | Operating | | Underlying | | HLP – | | Dividends per share | | | -- ...

Core Insights - KKR, a global investment giant managing $723 billion in assets, announced an additional investment in the fungal biotechnology company Shierfeng through its dollar fund and first RMB fund, marking its second major investment since 2018 [1][10] Investment Background - The transaction traces back to 2018 when KKR invested approximately 2 billion RMB in Jiangsu Yuguan Modern Agricultural Technology Co., founded by Huang Jianguang, known as the "Mushroom King" [2][11] - Following KKR's investment, Jiangsu Yuguan's Dainan base became the world's largest single-unit producer of white mushrooms, generating annual revenue of 500 million RMB [2][11] - KKR assisted Jiangsu Yuguan in acquiring the American company Shierfeng, established in 1932, which focuses on developing sustainable solutions in food, health, agriculture, and materials [2][11] Investment Consortium - The investment round led by KKR attracted several renowned global investment institutions, showcasing a diverse investment consortium [3][12] - Notable participants include TPG NewQuest, Ping An Capital, Zhongyou Insurance, Schroders Capital, and Novo Holdings, indicating strong international interest in China's biotechnology market [4][12] Strategic Importance - KKR's follow-on investment in Shierfeng represents a significant step in its strategy to expand in the Chinese market, with KKR's assets under management reaching $723 billion as of September 30, 2025 [5][14] - KKR has accelerated its investment pace in China, with its first onshore RMB fund officially launched in Shanghai in August 2025 [6][14] Fungal Biotechnology Sector - The fungal biotechnology industry, represented by Shierfeng, is becoming a key area for global sustainable development, with China producing 75% of the world's edible fungi [15][16] - Shierfeng is developing high-value products such as fungal-based materials, biopesticides, and nutritional supplements, which contribute to the broader "fungal economy" [7][15] Future Trends - KKR's investment in Shierfeng signals increasing international capital interest in China's agricultural technology and biotechnology sectors, particularly in sustainable and innovative projects [8][16] - The integration of traditional agriculture with high-tech biotechnology is accelerating, creating new industry opportunities as the boundaries between food, health, agriculture, and materials blur [8][16]

（来源：科创中国） 新质生产力在浦东澎湃起势，这里已成为跨国巨头深耕中国、加码创新的首选聚集地，其探索实践获业 界赞誉。 我们将以上海为亚太枢纽，与高校、科研机构及产业链伙伴协同推广面向未来的可持续材料技术，并拓 展到全球其他市场。"近日，solstice advanced materials在浦东举行的首场媒体见面会上，亚太区总经 理、制冷剂及应用解决方案亚太区总经理李宝刚表达了实现"立足中国、链接世界、赋能未来"的愿景。 业务契合战略布局 融入浦东创新生态 solstice advanced materials拥有130年深厚历史，由世界五百强霍尼韦尔公司分拆，去年10月正式成为独 立上市企业，中国总部落户浦东张江。分拆后的solstice业务聚焦制冷剂、半导体制造、数据中心冷却、 工业纤维、医药包装等领域，与中国"双碳"目标、"十五五"规划重点产业发展目标高度契合，涉及先进 计算/人工智能、可持续发展、生命科学等关键方向。 李宝刚表示："目标一致让我们对中国未来发展充满信心。"当前，中国汽车、空调大量出口欧美，需符 合当地新型制冷剂法规要求，这直接带动了新型制冷剂在相关业务上的增长。同时，中国高端医疗设 ...

Core Viewpoint - The article emphasizes that Omron Group is committed to sustainable development and social contribution in China, integrating environmental sustainability into its corporate governance and operations while fostering community engagement and employee participation [1][5]. Environmental Sustainability - Omron integrates environmental sustainability into its corporate governance structure and operational processes, establishing a systematic management framework to promote green practices [1] - The company utilizes ISO 14001, ISO 50001, and ISO 45001 standards, along with RBA guidelines, to create a comprehensive governance system that covers environmental performance, energy efficiency, employee welfare, and business ethics [1][2] - Omron's local operations in China have achieved recognition, such as Omron Electronic Components (Shenzhen) Co., Ltd. being awarded "Shenzhen Green Factory" [2] Community Engagement - Omron leverages its core business capabilities in industrial automation, healthcare, and component solutions to enhance the sustainability and professionalism of its community projects [3] - The company has established joint laboratories with multiple universities, training over 7,000 graduates to supply high-quality talent to the industry [3] - In healthcare, Omron Health Care (China) Co., Ltd. has donated electronic thermometers to medical institutions and provided atrial fibrillation screening services to approximately 30,000 elderly residents [3] Employee Participation - Employee involvement is crucial for the success of Omron's community initiatives, with numerous activities organized to encourage participation [4] - In 2025, Omron (Shanghai) Co., Ltd. organized blood donation events, and employees contributed time and clothing to support schools and communities in Yunnan and Sichuan [4] - Employees have transitioned from being "participants" to "co-creators," fostering emotional connections between the company and the community [4] Future Outlook - As part of its "Shaping the Future 2030" long-term strategic plan, Omron aims to deepen its social contribution practices in China [5] - The company views sustainable development as a cornerstone for creating long-term value with all stakeholders and plans to explore innovative models for corporate social value contribution [5] - Omron intends to collaborate with employees, communities, and partners to build a more inclusive and resilient future [5]

BCIGroup表示，未来将持续深化能源与算力协同创新，推动绿色基础设施与数字经济融合发展，创造 兼具商业价值与社会价值的长期回报，为全球基础设施行业的可持续发展提供可复制、可推广的中国方 案。 （文章来源：证券日报） 在具体实践中，BCIGroup通过就近布局的超大规模可再生能源基地，为20KM范围内的超级能源综合体 算力园区提供稳定、可控的清洁能源供给，实现绿电就近消纳与算力负载的协同优化；同时BCI水资源 梯级循环利用技术与智能化算电协同管理系统，显著提升能源、资源等算力基础设施关键要素整合优 势，推动超级能源综合体垂直一体化生态建设。BCIGroup坚持属地化发展与产业协同，在项目所在地 优先吸纳本地就业，推动新能源、算力及高端装备制造等产业集聚发展，并通过持续人才培育和本地孵 化创新产业场景等方式，促进区域经济结构升级与长期社会价值创造。 HKVCA评审委员会认为，BCIGroup作为持续创业者居静与坚持可持续发展投资的高瓴资本共同创立的 基础设施平台，将可持续发展理念深度嵌入基础设施投资与运营全过程，其零碳算力与算电协同模式在 环境效益、社会回馈与治理结构之间形成了良性闭环，为长期资本参与绿色基础 ...

Core Viewpoint - The article emphasizes the harmonious relationship between nature, consumers, and sustainable practices, particularly through MUJI's use of natural materials like cashmere and hemp, showcasing a commitment to environmental and social responsibility [2][5][20]. Group 1: Sustainable Materials and Practices - The cashmere produced by the white cashmere goats in Inner Mongolia is highlighted for its superior quality and low resource consumption, making it an ideal sustainable material for winter clothing [5][7]. - MUJI employs a systematic approach to link sustainable raw materials with aesthetically pleasing daily products, integrating environmentally friendly and animal-friendly principles throughout the production process [7][12]. - MUJI's commitment to sustainability extends beyond cashmere, incorporating local materials like hemp and recycled ocean-bound plastics into their product lines, thereby addressing environmental issues at their source [12][20]. Group 2: Social Responsibility and Community Impact - MUJI's sustainable practices also focus on social development, helping local herders increase their income while preserving the grasslands, thus achieving dual goals of environmental protection and economic stability [15][20]. - The development of products like the OBP hand-woven bags incorporates traditional craftsmanship, benefiting over 1,000 families by improving their working conditions and income [15][17]. - MUJI's initiatives in local communities, such as the mountain spring water series from Hunan's Shibadong Village, demonstrate their commitment to supporting local economies and enhancing livelihoods through investment and donations [15][19]. Group 3: Brand Philosophy and Market Strategy - MUJI's brand philosophy revolves around the idea that sustainable materials are not merely marketing tools but integral to their development strategy, promoting a lifestyle that respects nature and fosters coexistence [12][22]. - Since entering the Chinese market in 2005, MUJI has focused on practical and sustainable product design, emphasizing the importance of local materials and processes to meet consumer needs [22][23]. - The company aims to continue its long-term development in China, leveraging traditional wisdom to create a positive living experience for consumers while contributing to ecological civilization [23].

党的十八大以来，在以习近平同志为核心的党中央坚强领导下，在习近平生态文明思想指引下，以 绿色发展理念为引领，我们创造了举世瞩目的生态奇迹和绿色发展奇迹。《习近平生态文明文选》第一 卷收录的《新时代生态文明建设取得举世瞩目的巨大成就》一文，系统总结了我们牢固树立和践行绿水 青山就是金山银山理念，坚定不移走生态优先、绿色发展之路所取得的历史性成就。在这一重要著作 中，习近平总书记精辟概括了新时代生态文明建设的"四个重大转变"，即实现由重点整治到系统治理的 重大转变，实现由被动应对到主动作为的重大转变，实现由全球环境治理参与者到引领者的重大转变， 实现由实践探索到科学理论指导的重大转变，指出："新时代生态文明建设的成就举世瞩目，人民群众 感受最直接最真切，国际社会也普遍认可，成为新时代党和国家事业取得历史性成就、发生历史性变革 的显著标志。"深刻揭示了绿色发展理念的深远影响。 《习近平生态文明文选》第一卷系统反映了习近平生态文明思想的丰富内涵、科学体系和原创性贡 献，全方位展现了习近平总书记谋划生态文明建设的天下情怀、全球视野、文明担当，为我们深入学习 贯彻习近平生态文明思想，从历史和现实相贯通、国际和国内相关联、 ...

Core Viewpoint - The cooperation potential between Ecuador and China continues to be released under the framework of the Belt and Road Initiative, with both countries looking forward to future collaboration [3]. Group 1: Bilateral Cooperation - Ecuador and China signed a cooperation plan to jointly promote the Belt and Road Initiative in June last year, reflecting a mutual willingness to deepen practical cooperation [3]. - Since the signing of the memorandum of understanding for the Belt and Road Initiative in 2018, both countries have achieved significant results in infrastructure construction [3]. - The China-Ecuador Free Trade Agreement will officially take effect in May 2024, facilitating the entry of more Ecuadorian products into the Chinese market [3]. Group 2: Economic Impact - The free trade agreement has led to tariff reductions and trade facilitation measures, significantly increasing exports of Ecuadorian products such as shrimp, bananas, and flowers to China, thereby aiding Ecuador's economic growth [3]. - Ecuador aims to enhance the added value of agricultural products and promote agricultural modernization through collaboration with Chinese enterprises [4]. Group 3: Technological Exchange - China’s achievements in environmental governance and sustainable development have left a deep impression, particularly in clean energy development, which can assist Ecuador's energy infrastructure [4]. - The advanced technologies in digital economy sectors such as e-commerce, mobile payments, and artificial intelligence in China are noteworthy, with potential applications for Ecuador [4]. Group 4: Cultural Exchange - Increasing cultural exchange projects are leading more Latin Americans to learn Chinese and understand Chinese culture, enhancing mutual trust and facilitating smoother cooperation [5].