Core Insights - The 2025 Golden Bull Enterprise Sustainable Development Forum and the third National New Cup ESG Golden Bull Award ceremony were held in Suzhou, where Longxin Technology was recognized as a benchmark representative for ESG practices in the energy sector [1][2]. Group 1: ESG Recognition - The "National New Cup ESG Golden Bull Award" is a prestigious award in the domestic ESG field, recognized for its rigorous evaluation system based on the China National New ESG evaluation methodology [2]. - Longxin Technology's inclusion in the "Top 100 ESG Golden Bull Award" reflects the high recognition of its ESG governance level by the evaluation committee [5]. Group 2: Company Strategy and Practices - Longxin Technology has established a sustainable development strategy framework centered on "1+5," integrating ESG concepts throughout its governance and business processes [5]. - The company leverages AI technology deeply integrated with energy business scenarios, enhancing its capabilities in key areas such as power trading and energy efficiency optimization [5][6]. Group 3: Industry Impact and Global Recognition - Longxin Technology empowers the green transformation of the industry chain through its digital intelligence platform, providing comprehensive carbon management services and enhancing renewable energy absorption capabilities [6]. - The company has received certification from S&P Global, ranking among the top ten in ESG performance within the global software industry, showcasing its international ESG governance capabilities [6].

数字认证荣获"ESG金牛奖百强"奖项（图片来源：中国证券报） 公司董事长詹榜华表示，展望未来，数字认证将继续坚持"创新驱动、绿色低碳、开放共赢"的发展方针，推动数字信任和数据安全技术突破，深化ESG治理 体系建设，为社会创造更大价值。 第三届国新杯 · ESG金 数字认证(3005 主办: 中国证券报 2025年11月颁发 作为国内领先的网络信任与数字安全服务商，数字认证始终将ESG理念深度融入公司发展战略。公司持续完善治理架构，深入践行董事会多元化政策，截至 2024年年末，公司董事会女性占比25%。公司严格遵守商业道德准则，筑牢合规管理"防火墙"，建立涵盖内控、风险、合规在内的"三位一体"合规管理体 系。公司强化信息披露，持续提升信息披露质效，报告期内，公司进行信息披露16次，累计披露公告67份，向深圳证券交易所提交备查文件132份，全部零 补充、零更正、零问询，连续第7年获得深圳证券交易所上市公司信息披露工作考核最高级别A级评价。 登录新浪财经APP 搜索【信披】查看更多考评等级 转自：中国证券报·中证网 中证报中证网讯（王珞）11月26日，由中国证券报、中国国新主办，国新证券承办的2025年金牛企业可 ...

Group 1 - The core theme of the forum is "Governance for a Sustainable Future" and focuses on corporate sustainable development and ESG ecosystem building [1] - Northern Mining Co., Ltd. received the "Third National Cup ESG Excellence Central Enterprise Golden Bull Award" for its innovative practices and outstanding achievements in the ESG field [1] - The award selection process emphasizes transparency and objectivity, aiming to encourage more companies to engage in sustainable development [1] Group 2 - Northern Mining has established a sustainable development governance structure that integrates project companies, enhancing its ability to respond to opportunities and challenges in sustainable development [2] - The company promotes local management and operations, implementing community development plans to create an integrated economic ecosystem around its projects [2] - Northern Mining adheres to compliance and international best practices in ESG management, ensuring effective governance [2] Group 3 - By 2025, the company aims to enhance its mineral resource supply capacity and green low-carbon transformation efficiency, while integrating international ESG governance concepts into its practices [3] - The focus will be on developing new productive capacities in mining, improving digitalization, intelligence, and green development levels [3] - The company seeks to create infinite value from limited resources, contributing to global sustainable development [3]

京能清洁能源积极响应国家"双碳"目标，紧扣"十四五"规划要求，制定《清洁能源碳达峰行动方案》， 建立《双碳工作动态》编制与汇报机制，实时跟踪政策与市场动态。公司以双轮驱动，激活绿色发展核 心动能：一方面，通过"党建+双碳"行动将党建引领融入绿色发展各环节；另一方面，依托"治理、策 略、风险管理、指标与目标"披露架构，将气候变化全面纳入ESG风险管理框架，强化气候治理能力。 在治理与策略层面，公司构建多层级监督管理机制，由董事会统筹把控并监察气候相关风险管理的情 况，下设战略与ESG委员会负责识别与评估气候相关风险，构建气候风险管理体系。此外，公司选用政 府间气候变化专门委员会（IPCC）提出的两种情景开展气候情景分析，系统识别在高、低排放情境下 面临的物理风险与转型风险，分析政策、市场、技术及声誉等维度的挑战与机遇。 在实践层面，公司通过持续优化能源结构、提升运营效率，已取得显著减排成效。过去十年间，公司非 化石能源装机量增幅超过390%，非化石能源发电量占比提升58%。2024年，公司年度可再生能源业务 发电量已达到210.5亿千瓦时，相当于减少1,752.4万吨CO2排放。截至"十四五"规划末期，公司已顺 ...

中证报中证网讯（王珞）11月26日，由中国证券报、中国国新主办，国新证券承办的2025年金牛企业可 持续发展论坛暨第三届国新杯·ESG金牛奖颁奖典礼在苏州举行。乐歌股份（300729）凭借其在环境、 社会和治理（ESG）领域的扎实实践，荣获"ESG金牛奖百强"奖项，标志着公司ESG表现已跻身国内上 市公司第一梯队。 ESG金牛奖是中国资本市场具有高度公信力的ESG评价奖项。本届评选竞争激烈，乐歌股份与建设银 行、美的集团（000333）、海康威视（002415）、海尔智家（600690）等公司共同入选百强名单，体现 了权威机构对公司可持续发展成果的充分肯定。 乐歌股份将"绿色智造"作为核心战略。早在2021年，公司智能工厂就被评为"国家级绿色工厂"。 在可再生能源应用方面，乐歌股份滨海工厂利用厂房屋顶建设光伏电站。截至2021年底，已建成规模为 495KW的光伏发电及5KWH的储能系统，该厂区屋顶光伏电站发电量约占全厂总用电量的17%，有效减 少了碳排放。 此外，公司持续投入环保设备，对废气进行收集处理，并采用静电粉末喷涂等环保工艺，从源头减少污 染。 在公司治理方面，乐歌股份不断完善治理架构，以数字化赋能合 ...

Core Points - The event "2025 Golden Bull Enterprise Sustainable Development Forum and the Third National Cup ESG Golden Bull Award Ceremony" was held in Suzhou, organized by China Securities Journal and China Guoxin [1] - COFCO Technology (301058) won the "Third National Cup ESG Golden Bull Award Top 100" for its active practices and continuous contributions in the ESG field [1] - The award reflects the capital market's deep recognition of the company's comprehensive strength and growth potential [1] Summary by Categories ESG Performance - The "Golden Bull Award" is recognized as one of the most credible awards in China's capital market, with a rigorous and professional evaluation system [1] - The evaluation methodology draws from the China Guoxin ESG evaluation framework and incorporates research outcomes from the State-owned Assets Supervision and Administration Commission [1] - The assessment covers core indicators across three dimensions: environment, society, and corporate governance, aiming to recognize leaders in ESG practices within the capital market [1]

当ESG仍被不少企业视为合规成本时，如何打破认知边界，将投入转化为吸引资本、驱动创新、构筑壁垒的核心资本，最终实现企业价值的重塑与跃升？ 11月26日，由中国证券报、中国国新主办，国新证券承办的"治善致远 绿动未来——2025年金牛企业可持续发展论坛"在苏州举办，多位上市公司董事长及 高管在圆桌论坛围绕"变成本为资本——ESG驱动企业价值重塑"的主题，进行了一场深度交流。 参与圆桌讨论人士从第三方评估、数字赋能、行业实操、治理落地等多个维度，深度剖析了ESG变成本为资本的核心路径，让市场对ESG驱动企业价值重塑 有了更全面的认知——ESG绝不是企业额外负担，而是企业穿越周期、构建核心竞争力的关键资本。 ● 本报记者 吴科任 罗京 ■ 价值转化 企业如何建立ESG量化评估体系，清晰呈现投入与产出的对应关系，避免"只算成本账、不算价值账"？"ESG的投入在当期，而产出往往在远期，两个期限 不匹配，会给企业带来一些困扰。"ESG领域的第三方机构商道融绿董事长郭沛源表示，可以从以下视角审视这一现象。 在郭沛源看来，企业建立ESG评估体系时，首先要明确成本的构成，尤其是要区分增量成本和存量成本。不能简单地认为ESG投入 ...

Group 1: Haier's Innovation and Market Strategy - Haier launched a washing machine with three tubs, achieving over 100,000 sales in just 48 minutes, and has since delivered over 200,000 units, emphasizing user co-creation in product development [1] - The company introduced a four-tub washing machine based on user feedback, showcasing its commitment to diverse laundry scenarios [1] - Haier's CEO opened a personal social media account to enhance communication with users, aiming to integrate user needs into the company's management and innovation processes [1][2] Group 2: Vivo's Technological Advancements - Vivo has invested heavily in R&D, focusing on chip technology, imaging, and battery performance, collaborating with partners like Zeiss to enhance user experience in photography [3] - The company has developed its own 6nm imaging chips, significantly improving image quality and processing speed [3] - Vivo's technology has led to a surge in mobile phone rentals for events, demonstrating its impact on the market [3][4] Group 3: China Export Credit Insurance Corporation's Green Initiatives - The corporation is implementing a Green Finance Development Strategy for 2024, with six action plans to support green trade and the Belt and Road Initiative [5] - It has provided risk guarantees for over 30 export enterprises in the agricultural sector, aiding their transition to greener practices [5][6] - The corporation has issued credit insurance for renewable energy projects, including a 63 MW wind power project in Argentina, expected to generate approximately 200 million kWh of clean electricity annually [5][6] Group 4: Micro Bank's Digital Financial Services - Micro Bank has served over 430 million individual customers and more than 600,000 small and micro enterprises, addressing their financing challenges with innovative products [7][8] - The bank's "Micro Business Loan" product integrates digital and intelligent services throughout the loan process, with over 70% of its small business clients having annual revenues below 10 million [7] - Micro Bank is transitioning to an "AI-native bank," leveraging AI technology to enhance its digital financial services [7][8] Group 5: Hisense's Product Development and Market Position - Hisense has launched RGB three-dimensional control color LCD technology, enhancing its position in the display industry [9] - The company has maintained the highest global market share for 100-inch televisions for three consecutive years, indicating strong demand for its high-end products [9][10] - Hisense is adapting to consumer trends by developing products like foldable laser TVs and various home appliances tailored to younger consumers' needs [9][10] Group 6: Three Trees' Integrated Service Model - Three Trees is shifting from single product sales to an integrated model of "product + service + construction," enhancing its competitive edge in the paint market [12] - The company has upgraded its "Immediate Living" model, focusing on product quality and digital tools for better service management [12] - Three Trees aims to open 50,000 to 100,000 community stores nationwide, promoting a "light, short, and fast" approach to home decoration [12] Group 7: Sais Group's Commitment to Innovation - Sais Group emphasizes technological self-reliance and innovation in the electric vehicle sector, collaborating with Huawei to launch multiple new energy models [13] - The company has achieved significant sales milestones, with over 800,000 units of its AITO series delivered, challenging foreign brands in the luxury car market [13] - Sais Group plans to continue its innovation strategy to strengthen its market position and contribute to China's automotive industry transformation [13] Group 8: Master Kong's Sustainable Development Practices - Master Kong has evolved from a noodle manufacturer to a diversified brand, reaching over 800 million consumers annually [14] - The company integrates innovation in product development and supply chain management, promoting sustainable agricultural practices [14][15] - Master Kong is committed to ESG principles, utilizing recycled materials in its products and participating in initiatives to promote resource recycling [15] Group 9: Citic Baixin Bank's Digital Transformation - Citic Baixin Bank focuses on digital transformation to enhance financial services for small and micro enterprises, achieving a 39.58% increase in its micro-loan balance [16][17] - The bank employs a cloud-native architecture to streamline loan processes, enabling instant approvals and customized solutions [16] - Citic Baixin Bank aims to deepen its integration of technology and finance, supporting national strategies for high-quality development [17]

Group 1 - The 2025 Golden Bull Enterprise Sustainable Development Forum and the 3rd National New Cup ESG Golden Bull Award Ceremony were held in Suzhou, focusing on the theme "Governance for Good, Green Movement for the Future" [1] - China Securities Journal and Suzhou Industrial Park Urban Development Research Institute announced a collaboration to create an ESG platform and curriculum system to empower enterprises professionally [1] - The ESG platform will provide services such as ESG enterprise diagnosis, information disclosure, and data management, helping companies establish a scientific and comprehensive ESG management system [1] Group 2 - Suzhou Industrial Park has integrated ESG concepts throughout its development process, establishing a practical system from policy guidance to ecological empowerment [2] - The park released the first ESG evaluation standard for development zones in China, embedding green and low-carbon indicators into industrial planning [2] - Suzhou Industrial Park is focusing on green finance as a key driver, creating a financial ecosystem to support transformation, including sustainable development-linked loans and a risk compensation pool [2]

Core Viewpoint - Platinum Group Metals Ltd. reported its financial results for the fiscal year ended August 31, 2025, highlighting the advancement of the Waterberg Project, which is expected to be one of the largest and lowest-cost underground platinum group metals mines globally [1][20]. Financial Results - The company incurred a net loss of $4.54 million for the fiscal year, slightly improved from a net loss of $4.61 million in the previous year [16]. - General and administrative expenses increased to $3.66 million from $3.42 million year-over-year [16]. - Share-based compensation decreased to $1.19 million from $1.36 million [16]. - The foreign exchange gain was $95 thousand, compared to $4 thousand in the previous year, primarily due to the U.S. Dollar's appreciation against the Canadian Dollar [16]. Project Ownership and Structure - As of August 31, 2025, the Waterberg Project is owned by Waterberg JV Resources (Pty) Ltd., with Platinum Group holding a 37.32% interest [4]. - The ownership structure includes Mnombo (26.0%), HJ Platinum Metals Company Ltd. (21.95%), and Impala Platinum Holdings Ltd. (14.73%) [4]. - HJ Platinum Metals Company Ltd. was established in 2023 to hold and fund future equity interests in the Waterberg Project [5]. Recent Developments - On September 17, 2025, Waterberg JV Co. approved a sixth stage of work budgeted at Rand 92.1 million (approximately $5.11 million) for fiscal year 2026 [7]. - A non-brokered private placement of common shares was closed on May 29, 2025, raising $1.0 million, allowing Hosken Consolidated Investments Limited to maintain a 26% interest in the company [8]. - An interim budget of Rand 42 million (approximately $2.27 million) was approved on February 18, 2025, for the continuation of work programs [9]. Project Expenditures - Total expenditures on the Waterberg Project for the year ended August 31, 2025, were approximately $2.0 million, down from $3.0 million in the previous year [19]. - Accumulated net costs capitalized to the Waterberg Project reached $49.2 million as of August 31, 2025, compared to $47.0 million the previous year [19]. Future Outlook - The primary business objective is to advance the Waterberg Project to a development and construction decision [20]. - The company is assessing commercial alternatives for mine development financing and concentrate offtake [22]. - Discussions are ongoing with South African integrated producers regarding formal concentrate offtake arrangements [22]. Environmental, Social, and Governance (ESG) - The company received a BBB score in its 2025 ESG disclosure report from Digbee Ltd., indicating a commitment to improving ESG performance [26].