Core Points - The Green Governance Index (980058) closed at 1324.41 points, up 0.4%, with a trading volume of 87.561 billion yuan and a turnover rate of 1.14% [1] - Among the index constituents, 39 stocks rose while 58 fell, with Northern Huachuang leading the gainers at 3.67% and Luzhou Laojiao leading the decliners at 3.76% [1] Index Constituents - The top ten constituents of the Green Governance Index include: - Ningde Times (12.72% weight) at 383.35 yuan, up 1.93% [1] - Midea Group (6.81% weight) at 81.89 yuan, down 0.34% [1] - Dongfang Wealth (5.82% weight) at 22.39 yuan, up 0.72% [1] - Luxshare Precision (5.40% weight) at 59.63 yuan, up 1.38% [1] - Sungrow Power Supply (4.99% weight) at 177.55 yuan, up 0.24% [1] - Wuliangye (3.94% weight) at 114.45 yuan, down 0.99% [1] - Gree Electric Appliances (3.16% weight) at 40.94 yuan, up 0.32% [1] - Northern Huachuang (2.82% weight) at 449.79 yuan, up 3.67% [1] - Inovance Technology (2.63% weight) at 72.65 yuan, up 3.39% [1] - ZTE Corporation (2.52% weight) at 42.92 yuan, down 0.88% [1] Capital Flow - The net outflow of main funds from the index constituents totaled 2.808 billion yuan, while retail investors saw a net inflow of 3.06 billion yuan [1] - Detailed capital flow for specific stocks shows: - Ningde Times had a main fund net inflow of 568 million yuan [2] - Inovance Technology had a main fund net inflow of 15 million yuan [2] - Dongfang Wealth experienced a main fund net inflow of 76.89 million yuan [2] Recent Adjustments - The Green Governance Index constituents were adjusted recently, adding 10 new stocks, effective December 15, 2025 [3] - New additions include: - Zhongke Environmental Protection (77.42 billion yuan market cap) [3] - Dongsoft Zhaibo (72.07 billion yuan market cap) [3] - Furan Energy (158.40 billion yuan market cap) [3] - Water Technology (51.67 billion yuan market cap) [3] - Satellite Chemical (567.95 billion yuan market cap) [3] - Jinhe Industry (115.60 billion yuan market cap) [3] - Changbao Co. (70.35 billion yuan market cap) [3] - Shuanghuan Transmission (338.81 billion yuan market cap) [3] - Shield Environment (136.16 billion yuan market cap) [3] - Fu'ao Co. (94.25 billion yuan market cap) [3]

Core Viewpoint - The 9th China (Shenzhen) Corporate Governance Summit highlighted the theme "Governance as a Foundation, Market Value Renewal," focusing on strong regulation, risk prevention, and promoting high-quality development, with 京基智农 recognized for its innovative green governance practices [1] Group 1: Corporate Governance and Recognition - 京基智农 was awarded the "2025 Bay Area Listed Companies Green Governance Top 20" for its innovative practices in green governance, alongside notable companies like 招商蛇口, 比亚迪, and 汇川技术 [1] - The company has established a modern pig farming industry chain, achieving an annual output of over 2 million pigs, contributing significantly to the food supply in the Guangdong-Hong Kong-Macao Greater Bay Area [1] Group 2: Environmental Initiatives - In 2024, 京基智农's total environmental investment reached 108 million yuan, implementing low-carbon production processes that resulted in a greenhouse gas reduction of 39,941.54 tons of CO₂e [2] - The company has adopted technologies such as dry manure cleaning and high-temperature aerobic fermentation, converting 100% of livestock waste into organic fertilizer, with wastewater fully reused for irrigation [2] - 京基智农 has developed a green chain for processing pineapple waste, producing fermented feed that improves pig weight gain by 5% to 10% and reduces feed costs by over 10 yuan per ton, saving more than 10 million yuan annually [2] Group 3: Social Responsibility - 京基智农 promotes a "company + farmer" model, establishing over 12 service departments in the Guangxi and Guangdong regions to support farmers in pig farming, thereby increasing their income [3] - The company has engaged in charitable activities, including the establishment of four "京基智农 Love Libraries" in the western Guangdong region and funding rural infrastructure and cultural activities to improve living conditions [3] - The recognition as one of the "2025 Bay Area Listed Companies Green Governance Top 20" reflects the industry's acknowledgment of 京基智农's green governance practices and the feasibility of green transformation in agriculture [3]

Group 1 - The core viewpoint is that China is actively expanding its green trade initiatives and enhancing participation in global green governance [1][3] - The Ministry of Commerce will engage in the formulation of international rules and standards, and promote high-standard free trade agreements with a focus on increasing the "green content" [3] - The Ministry of Industry and Information Technology aims to guide enterprises in green design and manufacturing, with a target for green factory output to account for 40% by 2030 [3] Group 2 - The People's Bank of China and the State Administration for Market Regulation plan to lower financing thresholds and costs for green service trade enterprises [5] - There will be an orderly expansion of the certification scope for green products [5]

Core Viewpoint - The seminar on the China-Europe Green Governance Think Tank Cooperation Project aims to enhance collaboration and exchange between think tanks, promoting green development initiatives in both regions [1] Group 1: Seminar Objectives - The seminar focuses on strengthening think tank cooperation and communication to jointly advance green development [1] - Participants shared experiences in ecological civilization construction and land use carbon reduction [1] - The event seeks to explore new pathways for green governance and just transition [1] Group 2: Participants - Senior experts from renowned think tank institutions in China and several EU countries attended the seminar [1]