现代投资(000900):公司2025年度可持续发展报告（英文版）
原标题:现代投资:公司2025年度可持续发展报告（英文版） Workforce Section Section Section 25 Inspiring Technological Innovation 53 Protecting Employees' 11 Rooted in Hunan, 35 Protecting Hunan's 59 Committed to Rights and Interests 26 Safeguarding Safety Bot- Forging Xiandai Gov- Landscape, Honoring Hunan's Develop- tom Line 54 Prioritizing Employee ernance Xiandai's Low-Carbon ment, Fulfilling Xian- Development Commitment dai's Social Responsi- 32 Delivering Premium Servic- 67 Outlook bilities 13 Solidifying Corporate Gov- es 56 Caring for Employees' ernance 37 Addressing Climate Change Health and Well-being 68 Appendixes 16 Strengthening Risk Man- 44 Deepening Green Operations 61 Building a Responsible 68 Key ESG Performance agement Supply Chain 49 Protecting Ecological Envi- 69 Report Indicator Index 19 Upholding Business Ethics ronment 62 Promoting Win-Win Development with Part- 70 Reader Feedback 22 Upholding Party Leadership About This Report Report Description Reporting Scope This annual report is the fourth Sustainability and Environmental, Social and Governance ("ESG") Report released by Xiandai In- Unless otherwise specified, the time range of the data contained in this report is from January 1, 2025 to December 31, 2025 ("within vestment Co., Ltd. ("Xiandai Investment", "Company" or "We\our" for short). this year" or "during the reporting period" for short). In order to enhance the comparability and completeness of the report, it will be extended appropriately. Reporting Boundary Preparation Basis This report covers Xiandai Investment and our branches, wholly-owned subsidiaries, and holding subsidiaries. Unless otherwise stat- ed, the scope of this report is the same as that of the Company's annual report.●? Self-Regulatory Guidelines No. 17 for Companies Listed on Shenzhen Stock Exchange - Sustainability Report (For Trial Implemen- tation) ●? Self-Regulatory Guidance No. 3 for Companies Listed on Shenzhen Stock Exchange – Preparation of Sustainability Report Branches ●? GRI Sustainability Reporting Standards (GRI Standards) issued by Global Sustainability Standards Board ●? Changsha Branch of Xiandai Investment Co., Ltd. Huaihua Branch of Xiandai Investment Co., Ltd. The 2030 Agenda for Sustainable Development (SDGs) issued by United Nations("Changsha Branch" for short) ("Huaihua Branch" for short) ●? Reference Indicator System for ESG Reports of Listed Companies Controlled by Central State-owned Enterprises issued by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC)●? Guidance on Social Responsibility (ISO 26000:2010) issued by the International Organization for Standardization (ISO) Wholly-owned subsidiaries Data Source Dayou Futures Co., Ltd. Modern Wealth Capital Management Co., Ltd. The financial data disclosed in this report is sourced from the 2025 Annual Report of Xiandai Investment Co., Ltd. Other data comes ("Dayou Futures" for short) ("Modern Wealth" for short) from the Company's official documents and statistical reports, which have been reviewed by relevant departments. Unless oth- erwise specified, all currency amounts involved in this report are in CNY. During the reporting period, due to some adjustments in statistical methods and restatements of certain data, for any discrepancy with previous reports, this report shall prevail. Hunan Modern Environment Technology Co., Ltd. Hunan Modern Assets Management Co., Ltd. ("Modern Environment" for short) ("Modern Assets" for short)Hunan Modern New Energy Co., Ltd. Hunan Modern Hongyuan Venture Capital Co., Ltd. ("Modern New Energy" for short) ("Modern Hongyuan" for short)Reliability Assurance The Board of Directors of the Company hereby guarantees that the report is free of misrepresentations or misleading statements, and bears responsibility for the authenticity, accuracy and completeness of the contents.Holding subsidiaries Report Access Hunan Yueyang Baling Rural Commercial Bank Co., Ltd. Hunan Huaizhi Expressway Construction and ("Yueyang Baling RCB" for short) Development Co., Ltd. This report includes Chinese and English versions, is designed to meet the information needs of stakeholders from different geo- ("Huaizhi Company" for short) graphical and linguistic backgrounds, and is published annually in electronic format. You can obtain the electronic version of the Hunan Xiangheng Expressway Co., Ltd. report on the www.cninfo.com.cn. If there is any discrepancy between the two versions, the Chinese version shall prevail. ("Xiangheng Company" for short) modern governance, and core competitiveness. We will unite and renovation, innovated collaborative solid waste disposal tech-strive to write a new chapter of high-quality development for Xian-nologies, and comprehensively improved energy and resource dai Investment. utilization efficiency. We accelerated new energy development and actively conducted scientific and technological innovation and R&D based on project construction. We attached equal im-3.31%. Honors and Recognitions Selected as a Typical Case for Develop- Grade A rating for information disclo- Fourth Session of Typical Cases of Grassroots "Outstanding Achievements (Cases) of Party ment and Utilization of Public Trans- sure 2024–2025 Party Building Innovation in the Transporta- Building Innovation in State-Owned Enter- portation Data tion Industry prises" 2025 Shenzhen Stock Exchange Science and Technology Department of the China Communications News Co., Ltd., Enterprise Party Building Committee, China Enterprise Re- Ministry of Transport China Communications Press Association form and Development Society; Editorial Office of State- Owned Enterprises Magazine; Enterprise Observer News Best Practice Case of Internal Control of Chinese Listed Companies 2025, Outstand- ESG New Benchmark Wind's 2025 China Listed Companies ing Sustainable Development Practices of Listed Companies 2025, Outstanding Enterprise Award ESG Best Practices Top 100 (Mid-and Rural Vitalization Practice Case of Listed Companies 2024 Small-Cap)StockStar Wind China Association for Public Companies Second Prize of Science and Technol- Golden Information Disclosure "Excellent Institutional Service Award" of 2025 Global Futures Traders Con- ogy Award of All-China Environment Award 2024 ference and the 19th National Futures (Options) Live Trading Competition, Federation the 12th Global Derivatives Live Trading CompetitionChina Securities Journal 2025 in Figures ESG Governance 2025 in Figures ESG Governance
The Company highly values communication with internal and external stakeholders, established diversified communication chan- In accordance with the Self-Regulatory Guidelines No. 17 for Companies Listed on Shenzhen Stock Exchange - Sustainability Report nels and feedback mechanisms, takes the initiative to listen to and respond to stakeholders' demands, and promotes in-depth and (For Trial Implementation) and domestic and international ESG disclosure standards, the Company identified 21 material topics solid progress in social responsibility management. based on the "double materiality" principle, combined with key stakeholder concerns and industry benchmarks. The management analyzed and prioritized the topics from the two dimensions of "impact materiality" and "financial materiality" to form a materiali- ty matrix. After review by the management, the material topics of the year were finally determined.Expectations for Xiandai Invest- Stakeholders Response and measures ment Stakeholder Communication Materiality Assessment The Company highly values communication with internal and external stakeholders, established diversified communication chan- In accordance with the Self-Regulatory Guidelines No. 17 for Companies Listed on Shenzhen Stock Exchange - Sustainability Report nels and feedback mechanisms, takes the initiative to listen to and respond to stakeholders' demands, and promotes in-depth and (For Trial Implementation) and domestic and international ESG disclosure standards, the Company identified 21 material topics solid progress in social responsibility management. based on the "double materiality" principle, combined with key stakeholder concerns and industry benchmarks. The management analyzed and prioritized the topics from the two dimensions of "impact materiality" and "financial materiality" to form a materiali- ty matrix. After review by the management, the material topics of the year were finally determined.Expectations for Xiandai Invest- Stakeholders Response and measures ment 2025 Xiandai Investment ESG Materiality Matrix ●? Integrity and law-abiding opera- Solidifying Corporate Governance The Company consistently emphasizes the professionalism, diversity and inclusiveness of the Board of Directors. In nominating di- In strict compliance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, rectors, it takes into full account gender, age, educational background, professional experience and industry standing, requiring pro- the Code of Corporate Governance for Listed Companies and other laws and regulations, as well as the latest regulatory require- found expertise in road operation, legal and risk control, financial management and other fields to underpin sound decision-making. ments of the CSRC and the Shenzhen Stock Exchange (SZSE), the Company revised key instruments including the Articles of Asso- The Board currently comprises 9 directors, including 3 independent directors and 3 female directors. ciation, the Rules of Procedure for the Shareholders' Meeting, and the Rules of Procedure for the Board of Directors. It successfully During the reporting period, to further enhance the scientific decision-making of the Board and its special committees, external di- completed key governance initiatives such as the reform of the Board of Supervisors and the functional optimization of the Audit rectors gained in-depth insights into operations and the market through thematic meetings and on-site investigations. Leveraging Committee. Meanwhile, the Company promoted the iteration of governance systems across all subsidiaries and affiliates, building their rich expertise in finance, law and investment, external directors put forward targeted and practical suggestions on optimizing the an integrated governance system of "parent company leadership, subsidiary collaboration". A governance structure composed of the management system, refining development strategies and strengthening risk prevention, effectively supporting decision-making. Shareholders' Meeting, Board of Directors and Management was established, with a well-defined and standardized operating mech- anism that effectively ensures impartiality and scientificity in governance decisions, supporting steady operation and value creation. Xiandai Investment has long adhered to the management philosophy of "Promote Compliance, Strengthen Internal Control, Pre- Protection of investors' rights and interests vent Risks". It has continuously improved its institutional system to form a hierarchical, categorized, scientific and robust institu- tional framework. The Company has innovatively developed a digital system that integrates compliance, internal control and risk The Company adheres to the fundamental principles of "truthfulness, accuracy, completeness, timeliness and fairness" in informa- management (the trinity), and established a sound risk management and control mechanism. By fully leveraging the synergistic tion disclosure. It has built a full-process, multi-dimensional internal control system covering pre-review, in-process control and integration of internal control management, audit supervision and legal compliance, the Company has steadily enhanced its capa- post-event tracking, effectively enhancing transparency and credibility in the capital market, laying a solid foundation for a sound bilities in risk identification, early warning and response.corporate image and investor rights protection. Law-abiding and compliance The Company formulated and implemented the Compliance Management System The Company issued The Company has been awarded the Grade A Information Dis-and Detailed Rules for the Implementation of Compliance Management System, closure Rating by the Shenzhen Stock Exchange (SZSE) for four New Systems 13 22 established a Compliance Committee to spearhead the compliance management consecutive years, and successfully won the "Golden Information systems added revisedannouncements and documents in 106 system, and developed lists for compliance review and due compliance exemption to Disclosure Award" presented by China Securities Journal. accordance with regulations build three lines of defense for compliance. Compliance management is implement-ed to the frontline of business and integrated into all aspects of operation and man-Existing systems in total 251 agement. In 2025, the annual compliance management report was compiled and submitted to the Board for deliberation, ensuring full oversight by the governance The Company adheres to the core philosophy of "investor-centric" and focuses on the goal of "delivering corporate value and layer over risk control and system implementation. building market consensus". It advances the two parallel lines of investor relations – "value attraction line" and "sentiment stability % Signing rate of compli- 100 Compliance training was delivered to management at all levels, key positions and le-line" – to earnestly fulfill its responsibility of protecting investors' rights and interests, realize efficient interaction and in-depth res- ance commitment lettertotal gal personnel, and online courses were rolled out across all business units to achieve onance between the Company and investors, and foster a sound capital market ecosystem.full coverage. Compliance training is also included in onboarding programs, fostering a strong compliance culture and self-discipline. Internal control and audit supervision Strengthening Risk Management Xiandai Investment has long adhered to the management philosophy of "Promote Compliance, Strengthen Internal Control, Pre- Protection of investors' rights and interests vent Risks". It has continuously improved its institutional system to form a hierarchical, categorized, scientific and robust institu- tional framework. The Company has innovatively developed a digital system that integrates compliance, internal control and risk The Company adheres to the fundamental principles of "truthfulness, accuracy, completeness, timeliness and fairness" in informa- management (the trinity), and established a sound risk management and control mechanism. By fully leveraging the synergistic tion disclosure. It has built a full-process, multi-dimensional internal control system covering pre-review, in-process control and integration of internal control management, audit supervision and legal compliance, the Company has steadily enhanced its capa- post-event tracking, effectively enhancing transparency and credibility in the capital market, laying a solid foundation for a sound bilities in risk identification, early warning and response.corporate image and investor rights protection. Law-abiding and compliance The Company formulated and implemented the Compliance Management System The Company issued The Company has been awarded the Grade A Information Dis-and Detailed Rules for the Implementation of Compliance Management System, closure Rating by the Shenzhen Stock Exchange (SZSE) for four New Systems 13 22 established a Compliance Committee to spearhead the compliance management consecutive years, and successfully won the "Golden Information systems added revisedannouncements and documents in 106 system, and developed lists for compliance review and due compliance exemption to Disclosure Award" presented by China Securities Journal. accordance with regulations build three lines of defense for compliance. Compliance management is implement-ed to the frontline of business and integrated into all aspects of operation and man-Existing systems in total 251 agement. In 2025, the annual compliance management report was compiled and submitted to the Board for deliberation, ensuring full oversight by the governance The Company adheres to the core philosophy of "investor-centric" and focuses on the goal of "delivering corporate value and layer over risk control and system implementation. building market consensus". It advances the two parallel lines of investor relations – "value attraction line" and "sentiment stability % Signing rate of compli- 100 Compliance training was delivered to management at all levels, key positions and le-line" – to earnestly fulfill its responsibility of protecting investors' rights and interests, realize efficient interaction and in-depth res- ance commitment lettertotal gal personnel, and online courses were rolled out across all business units to achieve onance between the Company and investors, and foster a sound capital market ecosystem.full coverage. Compliance training is also included in onboarding programs, fostering a strong compliance culture and self-discipline. Internal control and audit supervision The Company has formulated and complied with institutional documents including the Internal Control Management Measures The Company has built a communication Deepen the "going out + bringing in" two- and Detailed Rules for the Implementation of Internal Control Assessment. It has organized all subsidiaries and departments to matrix of "mainstream financial media way mechanism: participate in industry complete internal control assessments, compiled lists of internal control deficiencies and internal control assessment reports, + professional institutional platforms". exchanges, host institutional research, formulated rectification plans and supervised the closure of rectification items one by one. These efforts have effectively improved Following the release of periodic reports and accurately interpret the synergistic the Company's internal control processes and promoted the internal control system to upgrade from "formal compliance" to "sub- and major announcements, it promptly advantages of "transportation infrastruc- stantive effectiveness". delivers in-depth interpretations to sys- ture + smart logistics + industrial finance". Investor re- Centered on budget implementation, and supported by risk management, economic responsibility, post-investment evaluation tematically communicate the Company's Adopt differentiated communication lations initia- and other work, the Company carries out integrated combined audits. It highlights the whole-process review system for budget The Company has established the Comprehensive Risk Management System, Risk Assessment and Management Implementation Personnel health & Score Impact level Financial impact Corporate reputational impactRules, Operating Risks Prevention and Control System for Subsidiaries. It has established a comprehensive risk management or- safety impact ganization system composed of the Company's Board of Directors, Party Committee, management team, responsible departments, audit department, various functional departments, and secondary and tertiary subsidiaries. A "three lines of defense" structure has Causes certain impact within the been formed, consisting of business departments, risk control departments, and audit supervision departments, to jointly manage Low: The risk has a certain Financial loss province (brand, image, compet-and control operational risks. All secondary subsidiaries under the Company have established their own comprehensive risk man- Seriously affects the impact on corporate im- accounts for 5% itiveness, market share, social agement systems based on actual conditions. All functional departments and subsidiaries of the Company are responsible for the 1 health of one employee age, production and oper- or below of pre- stability, etc.), which can be elim-specific risk management work of their own units, and accept the organization, coordination and guidance of the Enterprise Man- or citizen ation tax profit inated within a certain period at a agement Department. certain cost Risk management The Company has established the Comprehensive Risk Management System, Risk Assessment and Management Implementation Personnel health & Score Impact level Financial impact Corporate reputational impactRules, Operating Risks Prevention and Control System for Subsidiaries. It has established a comprehensive risk management or- safety impact ganization system composed of the Company's Board of Directors, Party Committee, management team, responsible departments, audit department, various functional departments, and secondary and tertiary subsidiaries. A "three lines of defense" structure has Causes certain impact within the been formed, consisting of business departments, risk control departments, and audit supervision departments, to jointly manage Low: The risk has a certain Financial loss province (brand, image, compet-and control operational risks. All secondary subsidiaries under the Company have established their own comprehensive risk man- Seriously affects the impact on corporate im- accounts for 5% itiveness, market share, social agement systems based on actual conditions. All functional departments and subsidiaries of the Company are responsible for the 1 health of one employee age, production and oper- or below of pre- stability, etc.), which can be elim-specific risk management work of their own units, and accept the organization, coordination and guidance of the Enterprise Man- or citizen ation tax profit inated within a certain period at a agement Department. certain cost Medium: The risk affects Causes certain impact within the Business departments and their subordinate enterprises are the specific implementing bodies for Financial loss business operation but Seriously affects the province (brand, image, competi-First Line risk management and assessment. Their responsibilities primarily involve the implementation of ac c ount s f or 2 can be effectively resolved health of multiple em- tiveness, market share, social sta-relevant policies and procedures, the solving of issues within risk management operations, and of Defense 6%–10% of pre- with no follow-up impact ployees or citizens bility, etc.), which takes a long time the regular identification and self-assessment of risks. tax profit within a certain period to eliminate at a high cost High: The risk has a signif- The Company's Management and the Enterprise Management Department, as the leading organiz-Second icant impact on corporate Causes certain impact nationwide ing departments for risk assessment, are responsible for organizing and guiding the relevant work Financial loss operation, requiring re- Results in the death of (brand, image, competitiveness, of the Company's departments and subsidiaries, supervising and inspecting the implementation Line of ac c ount s f or 3 source input for manage- one or more employees market share, social stability, etc.), of risk assessments, and submitting risk assessment and management reports to the Company's Defense over 10% of pre- ment and resolution with- or citizens which requires long-term efforts management. tax profit in a certain period, and and huge costs to eliminate affects corporate survival. Third The Audit Committee and external auditors provide risk management tools and conduct risk man- Line of agement supervision and evaluation. Defense Three Lines of Defense for the Company's Risk Management The Company holds 2025 training on legal, risk control, internal control and compliance Upholding Business Ethics On August 15, 2025, the first meeting of the Integrity and Self-Discipline Committee of Hunan Listed Companies Association in 2025 Xiandai Investment adheres to the business philosophy of integrity and trustworthiness, and continuously improves its governance was held in Changsha. As the chairing unit, the Company took the initiative to share its innovative practices in integrity and com- systems against corruption, unfair competition and money laundering. By improving institutional norms, strengthening discipline pliance construction. It focused on the "Five Responsibilities Coordination" accountability mechanism, the promotion path of the inspection and supervision, opening up reporting channels, and deepening compliance training, the Company strictly prohibits "Six Integrity" Project, the precise management model of "One Company, One Checklist", and the "Two-Way Supervision" system, any activities that damage its reputation for integrity, builds a strong line of defense against corruption, and consolidates the foun- demonstrating the Company's active exploration in building a sound integrity management system. Meanwhile, the Company dation for sustainable development with open and transparent business practices.actively offered suggestions and put forward constructive opinions on improving industry norms and exploring a risk information sharing mechanism (under the premise of compliance). The sharing and proposals received positive responses and recognition from the representatives present. Anti-bribery and anti-corruption The Company shares characteristic experience at Hunan listed companies integrity & self-discipline meeting Upholding Business Ethics On August 15, 2025, the first meeting of the Integrity and Self-Discipline Committee of Hunan Listed Companies Association in 2025 Xiandai Investment adheres to the business philosophy of integrity and trustworthiness, and continuously improves its governance was held in Changsha. As the chairing unit, the Company took the initiative to share its innovative practices in integrity and com- systems against corruption, unfair competition and money laundering. By improving institutional norms, strengthening discipline pliance construction. It focused on the "Five Responsibilities Coordination" accountability mechanism, the promotion path of the inspection and supervision, opening up reporting channels, and deepening compliance training, the Company strictly prohibits "Six Integrity" Project, the precise management model of "One Company, One Checklist", and the "Two-Way Supervision" system, any activities that damage its reputation for integrity, builds a strong line of defense against corruption, and consolidates the foun- demonstrating the Company's active exploration in building a sound integrity management system. Meanwhile, the Company dation for sustainable development with open and transparent business practices.actively offered suggestions and put forward constructive opinions on improving industry norms and exploring a risk information sharing mechanism (under the premise of compliance). The sharing and proposals received positive responses and recognition from the representatives present. Anti-bribery and anti-corruption |
