本报讯 （记者王镜茹）2025年，广东泰恩康医药股份有限公司（以下简称"泰恩康"）秉持"以投资者为本"的核心理念，扎 实推进信息披露、公司治理、市值管理、社会责任等各项工作，以专业高效的履职成效筑牢泰恩康的合规经营根基，推动企业 价值稳步提升。 与此同时，泰恩康在资本市场及行业领域捷报频传，凭借在创新研发、市值管理、公司治理、ESG实践等多维度的卓越表 现，斩获多项权威大奖；董事、副总经理兼董事会秘书李挺亦荣膺多项个人殊荣，彰显泰恩康高质量发展所获得的广泛市场认 可。 2025年泰恩康以精准的信息披露、高效的治理体系、创新的市值管理及扎实的ESG实践，为公司高质量发展筑牢根基。未 来，将继续深化投资者沟通、优化资本运作策略，助力泰恩康在医药创新赛道持续领跑，为股东创造长期价值，为资本市场健 康发展贡献更多力量。 （编辑 张昕） 值得关注的是，泰恩康于2025年12月15日被纳入中证1000指数拟生效样本范围。在业内人士看来，泰恩康被纳入中证1000 指数，不仅体现了公司基本面稳健经营与市场流动性良好，也标志着其投资价值获得指数编制机构的权威认可；同时，泰恩康 有望纳入相关ETF的被动配置范畴，从而为股价带来进 ...

编者按： 在大型矿业项目开发进程中，土地征用与人口搬迁是最具社会敏感性与复杂性的议题之一。 在这一国际通行准则指导下，洛阳钼业刚果（金）公司TFM始终坚持：在任何项目启动前，严格依照规 范，对受采矿项目影响的人群实施系统、审慎的安置与补偿工作，确保其合法权益得到充分尊重与保 障。 这一负责任的安置模式是洛阳钼业高标准ESG实践的一部分，也是公司"在刚果（金），为刚果 （金）"发展理念的体现之一。 今天，我们聚焦负责具体执行上述行动的TFM合作发展部征地搬迁团队。他们常年深入社区、奔走于田 地与村落之间，在沟通、丈量、核实与协调中反复往返，搭建起一套以透明沟通、公平补偿和可持续社 会经济支持为支柱的安置体系。 以对话与透明为核心的安置进程 当采矿作业（包括矿山、工厂或地质勘查）需要使用土地，且其占用或邻近区域将对居民产生影响时， TFM优先选择对占用者进行再安置与补偿。整个过程严格遵循刚果（金）法律法规、环境与社会影响评 估成果、当地习俗以及国际通行标准。 《绩效标准5》中强调，受影响人群应当在安置全过程中被充分告知、有效参与并拥有表达意见的渠 道。TFM坚持参与式方法——通过充分协商，推动与社区之间的"共赢式 ...

初冬，赫力昂（Haleon）上海办公室的会议室里，赫力昂集团高级副总裁、中国大陆及香港地区总经理顾海英接受《财富》（中文版）的专访，她 的桌上放着一本小册子，封面印着公司的使命宣言："以人为本，提升每日健康"。这是赫力昂独立上市后推出的文化手册。 赫力昂集团高级副总裁、中国大陆及香港地区总经理 顾海英，图源： 赫力昂 2022年7月，当赫力昂从葛兰素史克（GSK）分拆独立上市时，虽然承载着钙尔奇、善存、舒适达、芬必得等品牌悠久的历史，但公司必须以一个 全新面貌面对市场。 "没有压力是假的。"顾海英在接受《财富》中文版专访时坦言。过去几年，全球资本市场风起云涌，正是在这种高度不确定的环境中，她带领赫力 昂中国内地及香港市场不仅平稳度过整合与分拆期，更是实现了超越市场平均水平的增长，（截止2024年底）市场份额连续54个月攀升，成为赫 力昂全球大"必赢市场"中一颗闪耀的明星。 与此同时，顾海英首次荣登《财富》杂志"2025年中国最具影响力的商界女性榜单"。于她而言，此次入围的喜悦更多来自公司层面，"获奖不仅是 对个人的肯定，它让更多人看到了赫力昂，这份荣誉是对赫力昂在中国消费健康领域影响力的肯定。"她解释道。 变 ...

投资者是市场之本，上市公司是市场之基，二者共同构成资本市场高质量发展的源头活水。因此，监管 始终把固本强基摆在突出位置，以提升上市公司质量与增厚投资者回报为抓手，筑牢资本市场健康发展 根基。 立足这一核心目标，深圳证券交易所于2024年2月份正式启动"质量回报双提升"专项行动(以下简称"专 项行动")，旨在推动全体上市公司夯实发展质量、增强投资价值回报能力。如今，专项行动已落地近两 载，深市上市公司交出了一份怎样的提质增效答卷？ 数据显示，自专项行动启动以来，截至2025年11月底，已有471家公司披露"质量回报双提升"行动方 案，围绕增强主业意识、提高创新发展能力、提升投资者回报等方面提出一系列务实举措。从落地实效 看，相关公司经营业绩、研发创新与治理水平全面夯实，投资者回报力度持续加码，市场表现与估值水 平同步提升，构建起质量、回报与市场价值同向共振的良性循环格局。 三大路径提升公司质量 自专项行动启动以来，深市上市公司迅速响应、积极参与。以清晰目标锚定发展路径，以务实举措推进 落地见效，展现出"重质量、重回报"的鲜明特征。 从参与主体看，上述471家公司中，293家为深证成指成份股、88家入选沪深300 ...

Core Viewpoint - The Shenzhen Stock Exchange has initiated the "Quality and Return Dual Improvement" action in February 2024 to enhance the quality of listed companies and increase investor returns, establishing a solid foundation for the healthy development of the capital market [1] Group 1: Company Quality Improvement - As of November 2025, 471 companies in the Shenzhen market have disclosed their action plans for the dual improvement initiative, focusing on enhancing core business awareness, innovation capabilities, and investor returns [1][2] - Among the participating companies, 293 are part of the Shenzhen Component Index, 88 are included in the CSI 300 Index, and 82 are in the ChiNext Index, collectively representing about 50% of the total market capitalization of the Shenzhen market [2] - The companies are diversifying across 30 sectors, including electronics, power equipment, pharmaceuticals, and computers, indicating a broad and robust participation structure [2] Group 2: Paths to Quality Enhancement - Companies are focusing on three main paths: deepening core business, advancing technological innovation, and ensuring regulatory compliance [2][3] - In terms of core business, companies are driving internal growth through technological upgrades and expanding into new markets via internationalization [2] - Companies are also enhancing their governance structures and improving information disclosure quality to build a solid governance foundation [3] Group 3: Enhancing Investor Returns - Companies are utilizing dividends and share buybacks as key methods to enhance shareholder returns, with some companies establishing themselves as models for consistent returns [4][5] - Actions by major shareholders and management, such as share buybacks and commitments not to sell shares, are crucial for stabilizing market confidence and increasing shareholder value [5] - Companies are improving communication channels with investors to build trust, employing various methods to maintain close interaction and transparency [6] Group 4: Sustainable Development and ESG Practices - Companies are integrating ESG practices into their business processes and strategic decisions, promoting sustainable development while enhancing value creation [6]

Core Viewpoint - The "Quality Return Dual Improvement" initiative launched by the Shenzhen Stock Exchange aims to enhance company quality and investor returns, with significant progress observed by November 2025 [1][10]. Group 1: Overview of the Initiative - As of November 2025, 471 companies in the Shenzhen market have disclosed their action plans under the "Dual Improvement" initiative, focusing on core business enhancement, innovation, and investor returns [1]. - These companies represent approximately 50% of the total market capitalization of the Shenzhen market, with 293 being part of the Shenzhen Component Index and 88 in the CSI 300 Index [3]. Group 2: Company Performance and Characteristics - The participating companies show a tiered market capitalization structure, with 366 companies valued over 10 billion and 43 over 100 billion [3]. - The initiative covers 30 industries, including electronics, power equipment, and pharmaceuticals, with a broad geographical representation across 31 provinces [3]. - Nearly 70% of the participating companies are private enterprises, highlighting their crucial role in driving high-quality development in the capital market [3]. Group 3: Focus Areas for Development - Companies are enhancing their core business and international presence, with examples like Mindray Medical investing heavily in R&D and global expansion [5]. - There is a strong emphasis on technological innovation, with companies like BYD increasing R&D spending to 54.2 billion yuan in 2024 [6]. - Governance and information disclosure standards are improving, with nearly 60% of companies receiving an A-grade in the 2024 information disclosure assessment [3][6]. Group 4: Investor Engagement and Returns - Companies are increasing dividend payouts and share buybacks, with a compound annual growth rate of 10% in total dividends from 2022 to 2024 [11]. - 378 companies have maintained continuous dividends over the past three years, representing about 80% of the participants [12]. - The average stock price increase for these companies from February 2024 to November 2025 was 77.2%, significantly outperforming the Shenzhen Component Index [12]. Group 5: ESG and Sustainable Practices - Many companies are integrating ESG principles into their business strategies, with Longyuan Power linking ESG performance to management incentives [9].

（原标题：2025年21世纪高质量发展研究（资本市场）优秀案例发布） 21世纪经济报道记者 杨坪 广州报道 12月5日至6日，由南方财经全媒体集团主办、21世纪数字传媒承办南方财经论坛2025年会盛大启幕，会 议以"共识的力量"为主题，聚焦"创新涌动与中国资产重估"这一时代议题，吸引了300余位财经大咖聚 首广州。 在会议同期举办的"21 世纪卓越董事会年会"上，21世纪高质量发展研究（资本市场）优秀案例 （2025）正式揭晓。 此次入选优秀案例的企业及机构合计65家，包含46家企业、8家银行及分公司、7 家证券公司和4家其他 金融机构。获评的优秀案例类别包括年度卓越董事会、年度卓越ESG践行上市公司、年度科技价值上市 公司、年度成长价值上市公司、年度创新价值上市公司、年度创新价值上市公司、年度卓越证券公司等 19个项目。 据了解，21世纪高质量发展研究优秀案例旨在表彰引领行业思考、创新与未来趋势，对行业的发展具有 积极推动作用的企业。其中，"资本市场类"聚焦于公司治理、信息披露、ESG实践与投资者关系管理等 方面的标杆企业与机构，在资本市场深化改革背景下，重点关注企业及机构在合规建设、可持续发展与 股东权益 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：国信头条 近日，中国上市公司协会"2025上市公司董办最佳实践"案例征集活动结果揭晓，国信证券从沪深北三大 交易所5000余家上市公司中脱颖而出，获得最高等级的"最佳实践"，这也是公司连续3年获得该荣誉。 责任编辑：杨红卜 登录新浪财经APP 搜索【信披】查看更多考评等级 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：国信头条 近日，中国上市公司协会"2025上市公司董办最佳实践"案例征集活动结果揭晓，国信证券从沪深北三大 交易所5000余家上市公司中脱颖而出，获得最高等级的"最佳实践"，这也是公司连续3年获得该荣誉。 近年来，国信证券深入贯彻落实新"国九条"和提高上市公司质量有关要求，聚焦公司治理、信息披露、 市值管理、资本运作、ESG实践、服务保障、内部建设等七个方面，持续发力，实现自身高质量发展。 国信证券规范运作成效获各方认可，连续3年获中国上市公司协会董事会最佳实践案例，连续2年获中国 上市公司协会投资者关系管理最佳实践，连续5年获深交所 ...

Core Viewpoint - The dual-focus strategy of Bosideng, concentrating on the main channel of down jackets and the main track of fashionable functional apparel, has achieved significant results during the reporting period, with down jacket business leading industry growth and fashionable functional apparel becoming a new growth engine [1][18]. Financial Performance - For the first half of the fiscal year 2025/26, Bosideng reported a revenue of 8.93 billion yuan, a year-on-year increase of 1.4%, and a net profit attributable to shareholders of 1.19 billion yuan, up 5.3% year-on-year. The gross margin remained high at 50%, with a slight increase of 0.1 percentage points, and the operating margin improved by 0.3 percentage points to 17% [1]. Down Jacket Business - The down jacket segment continued to show strong growth, generating revenue of 6.57 billion yuan in the first half, a year-on-year increase of 8.3%, accounting for 73.6% of total revenue, making it the core driver of the company's performance [2]. Product Innovation - Bosideng has deepened the integration of technology and fashion, continuously enriching its product matrix. In the sun protection apparel sector, the company has developed new functional fabrics achieving UPF50+ sun protection, while also being breathable and comfortable [4]. The outdoor apparel line features a three-in-one design for versatile wear, and collaborations with renowned designers have enhanced the brand's appeal [5]. Channel Development - The company has optimized its channel quality, increasing the number of down jacket retail outlets to 3,558, with a net addition of 88 stores. The self-operated channel revenue grew by 6.6% year-on-year, while wholesale channel revenue increased by 7.9% [8]. Supply Chain Management - Bosideng's flexible and responsive supply chain is a key competitive advantage, allowing for efficient inventory management and rapid market response. The average inventory turnover days decreased to 178 days, reflecting improved operational efficiency [9]. ESG Practices - Bosideng is the first and only company in the Asian textile and apparel industry to receive an MSCI ESG AAA rating, demonstrating its commitment to sustainable development. The company integrates sustainability into all operational aspects, balancing economic and social benefits [10]. Multi-Brand Strategy - The company has expanded its multi-brand strategy to build a diverse brand matrix in the fashionable functional apparel sector. This includes high-end collaborations and investments in luxury brands, enhancing its presence in the premium market [16]. Future Growth Prospects - Bosideng plans to continue its dual-focus strategy, consolidating its leadership in the down jacket industry while increasing investments in fashionable functional apparel. The company aims to enhance product innovation and expand its market presence, positioning itself to capitalize on consumer upgrades and industry changes [18].

清晨，当第一缕阳光洒向扬子江畔，一瓶瓶卫岗牛奶正沿着城市的脉络，送往千家万户。它从牧场的宁 静，走过繁忙的生产线，历经精准的冷链物流，最终抵达餐桌的温暖。这瓶奶，不仅是滋养日常的饮 品，更是一位忠实的见证者，记录着"十四五"以来江苏大地描绘"强富美高"新画卷的生动实践。 科技赋能 从"会"养牛到"慧"养牛 绘就"强富美高"生态底色 积极响应"双碳"战略，卫岗将绿色发展理念贯穿全产业链。在牧场端，企业启动"生物多样性友好牧场 建设行动计划"，并于2025年5月牵头启动《生物多样性牧场建设规范》编制工作，成为该领域首个发起 团体标准制定的乳企，打造"粪污处理—有机肥生产—污水处理—牧草种植—牧场运营"的生态循环模 式，多个牧场通过GAP与GLOBAL GAP双认证。在生产端，数智化工厂建筑整体达到绿色建筑二星级 与LEED金级标准，实现节水40%、节电38%、节约蒸汽45%，屋面光伏年发电量超700万千瓦时，可覆 盖工厂约48%的用电需求。 绿色理念浸润每个细节。包装环节，玻璃奶瓶循环系统回收率高达99.5%，相比全塑料包装减少95%的 塑料使用，多年来累计节约的森林面积相当于一座紫金山。物流配送全面推行电动车辆 ...