For interfering with automatic monitoring equipment while discharging pollutants, 688101.SH was fined RMB 625,000; for commencing construction without obtaining environmental impact assessment approval, 600011.SH received a fine of RMB 464,000. Which listed companies raised red flags in environmental compliance and information disclosure during the first week of April 2025? Find out in Issue No. 195 of the A-Share Green Weekly Report.

The Administrative Measures for Listed Company Information Disclosure, for the first time at the departmental regulation level, incorporates sustainability reports (including ESG disclosures) into the mandatory disclosure framework for China's listed companies. This marks the elevation of ESG disclosure from corporate social responsibility initiatives and stock exchange self-regulation to a compulsory regulatory requirement under government rules. The revision of the Listed Company Annual Report Content and Format Guidelines represents a constructive effort to bridge capital market supervision with environmental information disclosure requirement. This move helps direct investors' attention to environmental regulatory requirements, particularly the mandatory environmental disclosures by listed companies and their subsidiaries within the consolidated financial statements.

For discharging water pollutants in excess of permitted limits, a subsidiary of 600187.SH was fined RMB 400,000. For putting project-related environmental protection facilities into operation without passing acceptance inspection, 002128.SZ received a fine of RMB 350,000. Which listed companies raised red flags in environmental compliance and information disclosure during the third and fourth weeks of March 2025? Find out in Issue No. 194 of the A-Share Green Weekly Report.

For constructing before approval, putting environmental protection facilities into operation before completion, and failing to establish and maintain a hazardous waste management ledger as required by national regulations, a subsidiary of 600361.SH was fined approximately RMB 440,000. For providing waste organic solvents to a company without a proper license, a subsidiary of 600056.SH received a fine of approximately RMB 670,000. Which listed companies raised red flags in environmental compliance and information disclosure in the second week of March 2025? Find out in Issue No. 193 of the A-Share Green Weekly Report.

For falsifying emission test results or issuing false emission inspection reports, two subsidiaries of 603528.SH were fined a total of RMB 268,000. For exceeding the permitted annual emission limits, a subsidiary of 300428.SZ received a fine of RMB 232,000. Which listed companies raised red flags in environmental compliance and information disclosure in the first week of March 2025? Find out in Issue No. 192 of the A-Share Green Weekly Report.

Discharging wastewater with arsenic concentrations exceeding regulatory limits—an incident classified as a major environmental emergency—a subsidiary of 603588.SH was fined RMB 1 million. For failing to comply with required monitoring frequencies and related obligations, a wholly owned sub-subsidiary of 300008.SZ was fined RMB 160,600. Which listed companies raised red flags in environmental compliance and information disclosure between the third and fourth weeks of February 2025? Find out in Issue No. 191 of the A-Share Green Weekly Report.

Evading regulatory oversight and falsifying monitoring data, a subsidiary of 002185.SZ was fined RMB 488,000. A subsidiary of 600348.SH received a RMB 407,000 fine for violations of the Water Pollution Prevention and Control Law and other regulations. Which listed companies raised red flags in environmental compliance and information disclosure between the fifth week of January and the second week of February 2025? Find out in Issue No. 190 of the A-Share Green Weekly Report.