Core Points - Shenzhen Stock Exchange announced the 2024-2025 information disclosure evaluation results, with Beijing Digital Certification Co., Ltd. achieving an A grade for the eighth consecutive year [1] - A total of 5,104 companies were evaluated in this period, with 953 companies receiving an A grade, representing 18.67% of the evaluated companies [1] - As of this evaluation period, there are 142 companies that have received an A grade for eight consecutive years, accounting for 2.78% of the evaluated companies [1] - In 2025, the Shenzhen Stock Exchange revised the information disclosure evaluation guidelines to enhance the quality of information disclosure among listed companies [1] Company Achievements - During the evaluation period, Digital Certification received multiple honors, including being selected as one of the top ten ESG cases for state-owned enterprises in Beijing in August 2024 [2] - In November 2024, Digital Certification was the only Growth Enterprise Market company to win the Best Practice Award from the China Listed Companies Association [2] - The company aims to continue improving corporate governance and information disclosure quality while fostering sustainable development and building investor trust [2]

Group 1 - The core viewpoint of the article is the disclosure evaluation results of listed companies for the 2024-2025 period, revealing significant changes in ratings among companies in the Shanghai and Shenzhen stock exchanges [1] - In the 2024 evaluation year, out of 5,095 listed companies, 953 companies had their evaluation results disclosed, with 26 companies improving by two levels and 24 companies declining by two levels compared to 2023 [1] - Specifically, 540 companies experienced a one-level decline, while 3,868 companies maintained their evaluation results [1] Group 2 - Notable companies that improved their evaluation results by two levels include Longyuan Power, which rose from C to A, and Ganfeng Lithium, among others [1] - Companies that saw a two-level decline include Qianyuan High-Tech and Guodian Xintong, which dropped from A to C, indicating a significant deterioration in their disclosure practices [1] - Over the period from 2022 to 2024, 47 companies improved by two levels, while 52 companies experienced a decline of two levels or more, with Keda Manufacturing showing the largest drop from A to D [1][2] Group 3 - From 2022 to 2024, 18 companies have shown continuous improvement in their disclosure evaluations, while 26 companies have consistently declined [2] - Companies that improved continuously include Huylong New Materials and Sichuan Changhong, which moved from C to A [2] - Conversely, Keda Manufacturing has seen a significant decline from A to B and then to D, marking it as the company with the most substantial drop in evaluation [2]

Core Insights - The evaluation results for information disclosure of listed companies in Shanghai and Shenzhen for the 2024-2025 period have been released, showing that 18.70% of companies received an "A" rating, while 66.46% received a "B" rating [1][2]. Group 1: Evaluation Results Overview - In the 2024 evaluation year, out of 5,095 listed companies, 953 received an "A" rating (18.70%), 3,386 received a "B" rating (66.46%), 622 received a "C" rating (12.21%), and 134 received a "D" rating (2.63%) [1][2]. - The total number of companies evaluated was 5,605, with 100% accounted for [2]. Group 2: Year-on-Year Changes - Compared to 2023, 26 companies improved their ratings by two levels, while 24 companies saw their ratings drop by two levels [3][7]. - A total of 540 companies experienced a one-level downgrade, while 560 companies improved by one level [3][7]. Group 3: Companies with Significant Changes - Notable companies that improved by two levels include Longyuan Power, which moved from "C" to "A," and several others that improved from "D" to "B" [4][5]. - Companies that dropped by two levels include Qianyin High-Tech and Guo Wang Xintong, which fell from "A" to "C" [6][12]. Group 4: Continuous Improvement and Decline - From 2022 to 2024, 18 companies have shown continuous improvement in their ratings, while 26 companies have consistently declined [15][17]. - Companies like Huylong New Materials and Jingtuo Co. have improved from "C" to "A" over the two years [15][16].