其中，铁路客运量预计1395万人次，环比下降8.8%，比2025年同期增长4.3%。水路客运量预计85万人次，环比下降11.9%，比2025年同期增长 28.1%。民航客运量预计237万人次，环比下降1.6%，比2025年同期增长6.4%。 公路人员流动量（包括高速公路及普通国省道非营业性小客车人员出行量、公路营业性客运量）预计26875万人次，环比增长0.7%，比2025年 同期增长10.8%。其中，公路营业性客运量预计3795万人次，环比下降5.4%，比2025年同期增长6.8%；高速公路及普通国省道非营业性小客车 人员出行量预计23080万人次，环比增长1.7%，比2025年同期增长11.5%。 21世纪经济报道 记者张旭 报道 2月15日是为期9天的春节假期首日，也是高速公路对七座及以下小型客车免收车辆通行费的首日。 记者从交通运输部获悉，预计2026年2月15日（春运第14天，农历腊月二十八），全社会跨区域人员流动量28592万人次，环比增长0.1%，比 2025年同期增长10.5%。 （资料图） 随着探亲流、旅游流叠加，广西北海至涠洲岛等航线热度持续攀升。北海新绎游船提前研判客流趋势，精准调配运力 ...

2月11日，广物控股集团召开2026年工作会议，梁庆彦以新身份出席并作工作报告。其提出2026年是"十 五五"规划的开局之年，也是集团脱困转型的攻坚之年，"要坚定信心、迎难而上，坚决打赢脱困转型攻 坚战"。 梁庆彦表示，今年要推进发展方式变革，以基础重构实现从"管资产"到"管资本"的跃升，包括推进土 地、物业资产盘活，统筹产业园区整体规划建设与招商运营，多维度攻坚扭亏治亏，实现减亏止损增 效。 2月14日，广东省人社厅发布广东省人民政府最新人事任免，任命梁庆彦为广东省广物控股集团有限公 司董事长。这是广物控股集团董事长空缺约五个月后，在集团任职多年的核心高管走马上任。 同时，他还提到要推进组织架构调整与人员补齐配强，开展板块专业化整合，优化资源配置提升协同效 能，精准开展战略性新兴产业投资并购，培育新质生产力与产业新增长极，稳步推进混合所有制改革， 以股权多元化激活企业市场化发展活力等。 公开信息显示，梁庆彦，1967年12月出生，中共党员，本科毕业，硕士学位，经济师。历任广东省商业 企业集团党委委员、副总经理，广东省商贸控股集团党委委员、副总经理，广东省商贸控股集团党委副 书记、董事、总经理，广物控股集团党 ...

Core Viewpoint - Gaode has faced increasing regulatory pressure, being summoned three times in five days due to issues related to its ride-hailing business, including commission rates and compliance with regulations [1][23]. Group 1: Regulatory Pressure - Gaode and five other ride-hailing platforms were summoned by financial regulators on February 13 due to lending practices [1]. - The company has been under scrutiny for its commission practices and management of partner platforms, leading to a call for introspection and compliance improvements [22][23]. - As of December 2025, Gaode's order compliance rate was 69.4%, significantly lower than self-operated platforms like Didi and Cao Cao, which exceed 80% [18]. Group 2: Business Model and Financials - Gaode operates as an aggregator, facilitating transactions without owning a fleet or managing drivers, which allows it to maintain lower operational costs [13]. - The commission rates for aggregators range from 10% to 20%, with Gaode's effective rate calculated at 7.4% based on data from a partner company [4]. - In the first half of 2025, Gaode contributed to 94.5% of a partner's total transaction value, highlighting its significant role in the market [4]. Group 3: Market Dynamics - By the end of 2025, there were 395 ride-hailing platforms in China, with Gaode capturing a substantial share of the market [3]. - The number of ride-hailing orders processed by Gaode is projected to reach 2.92 billion by December 2025, accounting for 30% of the total market [25]. - The company has been quietly expanding its ride-hailing business while focusing on new initiatives, such as Robotaxi services, to adapt to market changes [28][36]. Group 4: Driver and User Experience - Drivers report dissatisfaction with transparency regarding commission structures, indicating a lack of clarity in earnings [2][7]. - The average passenger reward per order has fluctuated, with a notable decrease in recent periods, reflecting the pressure on driver incomes [9]. - The operational model of aggregators like Gaode has led to a "passing the buck" phenomenon, where service issues are often not adequately addressed, impacting user experience [16].

Core Insights - L'Oréal reported a sales revenue of €44.05 billion (approximately ¥360 billion) for 2025, marking a 4% year-on-year growth, with the North Asia region, including China, showing signs of recovery after two years of decline [1] - Estee Lauder also demonstrated strong performance, with a 6% increase in sales to $4.229 billion for the second fiscal quarter of 2026, and a significant turnaround in net profit from a loss of $590 million to a profit of $162 million [1][2] - The recovery in the beauty industry reflects not only a cyclical rebound but also the resilience and potential of the Chinese consumer market [1] Company Performance - L'Oréal's professional hair products segment led with a comparable growth of 7.5%, surpassing €5 billion, while the skincare segment grew by 5.5% to €7.2 billion [2] - Estee Lauder's net sales for the first half of the 2026 fiscal year reached $7.71 billion, a 5% increase, with a net profit turnaround from a loss of $746 million to a profit of $209 million [2] - Both companies attribute their recovery to improved consumer confidence and proactive adjustments in product structure and channel efficiency [1][2] Market Trends - The high-end beauty segment is showing signs of recovery, with L'Oréal's sales in China increasing from 1% growth in the first half to 5% in the second half of 2025 [3] - The overall Chinese cosmetics market reached a total transaction value of ¥1.104245 trillion in 2025, growing by 2.83%, solidifying its position as the largest cosmetics market globally [7] - Domestic brands have increased their market share to 57.37%, indicating a shift in consumer preferences towards local products [7] Strategic Adjustments - Estee Lauder has restructured its organization to treat the Chinese market as a strategic core, reporting a full-year sales figure of $2.741 billion (approximately ¥19.6 billion) for mainland China [6][7] - L'Oréal is focusing on enhancing its digital and direct-to-consumer (D2C) strategies, with e-commerce sales surpassing 30% of total revenue for the first time in 2025 [7] - The competitive landscape is shifting, with international brands needing to solidify their high-end offerings while adapting to local consumer demands [8]

跨省游以4至7天行程为主流，飞机团与动车团比例接近1:1，一家一团小包团出游数量同比上涨明显，东北、云南、贵州、四 川、广西、华东、湖北、甘肃、福建、山东等目的地排名靠前。值得一提的是，大部分团队都对除夕年夜饭团餐进行了升级， 如"四川、峨眉乐山、成都双飞5天"就安排成都鸳鸯火锅川味团年饭，用脆爽的口感和辛辣的刺激让游客体验四川人过年氛围。 自1999年黄金周制度落地以来，我国首个长达9天的春节长假今日（2月15日，农历腊月廿八）正式拉开帷幕，悠长假期点燃全 民出游热情，广东旅游市场迎来客流井喷，来粤旅游、出境、出省、省内周边出游、景区游览等旅游消费场景同步升温，处处 洋溢着喜庆的新春氛围。据 岭南控股 （000524）旗下广之旅数据显示，亲子游、民俗游、避寒游成为假期首日游客主流出行选 择，凭借独特岭南文化、别样年味及舒适气候等特点，今年外省来粤旅游团数量增长明显，"请到广东过大年"品牌效应得到持 续释放，并呈现进一步定制化、精品化趋势。 广之旅董事长、总裁邬琛表示，旅行社倡导广大游客在长假畅玩期间践行文明旅游理念，做到合理避峰出游、遵守公共秩序， 爱护文物古迹与生态环境，不乱扔垃圾、不攀折花木，尊重各地民 ...

Core Insights - The high-end beauty market is showing signs of recovery, with L'Oréal and Estée Lauder reporting positive sales growth and improved profitability in their recent financial results [1][2][4] Group 1: Financial Performance - L'Oréal achieved sales of €44.05 billion (approximately ¥360 billion) in 2025, marking a 4% year-on-year increase, with the North Asia region, including China, showing a 0.5% growth after two years of decline [1] - Estée Lauder reported a 6% increase in sales to $4.229 billion for the second fiscal quarter of 2026, significantly improving its net profit to $162 million from a loss of $590 million in the previous year [1][3] - L'Oréal's professional hair products segment led the growth with a 7.5% comparable increase, surpassing €5 billion, while the skincare segment grew by 5.5% to €7.2 billion [3] Group 2: Market Dynamics - The recovery in the beauty sector is attributed to restored consumer confidence and proactive adjustments in product structure and channel efficiency by major brands [2][4] - Both L'Oréal and Estée Lauder's recovery signals a cyclical turnaround in the beauty industry and reflect the resilience and potential of the Chinese consumer market [2][4] Group 3: Strategic Adjustments - Estée Lauder has restructured its organization to treat the Chinese market as a strategic core, reporting a full-year sales figure of $2.741 billion (approximately ¥19.6 billion) for the mainland China market, which accounts for nearly 20% of the company's overall sales [6][7] - L'Oréal emphasized its leading position in the Chinese market, with e-commerce sales surpassing 30% of total sales for the first time in 2025, highlighting the importance of digital channels [7] Group 4: Consumer Trends - The demand for high-end and ultra-high-end skincare products is stabilizing, driven by higher frequency of use and emotional value associated with these products [4][6] - The overall cosmetics market in China reached a transaction value of ¥1.104245 trillion in 2025, with a year-on-year growth of 2.83%, solidifying its position as the largest cosmetics market globally [7]

Core Viewpoint - *ST Lifan faces delisting after three consecutive years of financial fraud, with the Anhui Securities Regulatory Commission imposing a fine of 10 million yuan and initiating delisting procedures due to false financial disclosures from 2021 to 2023 [1][5][6]. Group 1: Financial Fraud Details - *ST Lifan inflated revenue and costs through three main methods: agency business, financing trade, and fictitious trade [2][3]. - The company engaged in agency business with 12 companies, using total amount accounting despite lacking control over the goods, which violates accounting standards [2]. - Financing trade involved signing contracts with clients while providing upfront payments, which should not be recognized as revenue or costs [2]. - Fictitious trade in 2022 involved a business with a media company that lacked commercial substance, leading to further inflated financial figures [3]. Group 2: Financial Impact - From 2021 to 2023, *ST Lifan's financial reports showed significant inflation: - In 2021, revenue was inflated by 280 million yuan (50.09% of total revenue) and costs by 277 million yuan (60.61% of total costs) [4]. - In 2022, revenue was inflated by 312 million yuan (51.67%) and costs by 305 million yuan (53.54%), with a profit inflation of 510,000 yuan (0.33%) [4]. - In 2023, revenue was inflated by 45.87 million yuan (24.00%) and costs by 45.23 million yuan (27.55%) [4]. Group 3: Regulatory Actions and Consequences - The Anhui Securities Regulatory Commission ordered *ST Lifan to correct its practices, issued a warning, and imposed a fine of 10 million yuan [5]. - The company is set to be delisted due to the cumulative inflated revenue exceeding 500 million yuan over two years, which is more than 50% of the reported revenue for those years [6]. - *ST Lifan has received multiple warnings regarding delisting risks and has been under scrutiny for its accounting practices since at least January 2024 [9].

Core Insights - The article highlights the advancements in rehabilitation technology, particularly through the use of AI and robotics, exemplified by the lower limb rehabilitation robot developed by Lizi Intelligent Technology (Guangzhou) Co., Ltd, which aids patients with Parkinson's disease and lower limb paralysis [1][3]. Company Overview - Lizi Intelligent, a spin-off from South China University of Technology, has accumulated over 100 invention patents and international patents, positioning itself as a strong player in the "AI + medical rehabilitation" sector [3]. - The company was founded in 2022 after nearly a decade of technological development, focusing on transforming research achievements into marketable products [5]. Market Context - There are approximately 15 million stroke patients in China, with 3.3 million new cases annually, and a lifetime risk of stroke for adults reaching 39% [4]. - The high disability rate from strokes in China, around 75%, compared to 20%-30% in developed countries, underscores the urgent need for rehabilitation technology [4]. Technological Development - Lizi Intelligent has developed nearly 20 intelligent rehabilitation robot products, with 6 receiving Class II medical device registration, and plans to complete certification for the remaining products within the year [5][9]. - The company has established a comprehensive technology chain, including brain-computer interfaces, physiological and motion sensing sensors, AI algorithms, and embodied intelligent robots [5]. Financial Support and Growth - Lizi Intelligent received significant financial backing, including a multi-million yuan credit line from Minsheng Bank, reflecting confidence in its technology and market potential [3][7]. - The company has successfully navigated early challenges, including product market acceptance and funding crises, ultimately securing multiple rounds of financing in 2023 and 2024 [7][10]. Future Plans - The company aims to develop more cost-effective home rehabilitation robots, focusing on lightweight, compact, and intelligent designs to make rehabilitation accessible to a broader audience [10]. - Minsheng Bank is committed to supporting Lizi Intelligent's growth through a comprehensive financial service system tailored for technology-driven enterprises [10].

车流穿梭的背后，一套覆盖"海陆空"的智慧运维系统在同步运转。在粤港海洋基础设施联合实验室的支 撑下，港珠澳大桥数字化工程建设与运维全面推进，团队通过数字孪生等技术构建了一座与大桥1：1对 应的"数字大桥"，依托实时数据采集，精准反映港珠澳大桥的细微变化，全天候守护港珠澳大桥的结构 健康。 港珠澳大桥智慧运维的背后，大湾区的科创协同也在不断走深。依托粤港海洋基础设施联合实验室，粤 港双方的技术优势将进一步整合，共同推动港珠澳大桥智能化运维成果迭代，为大桥安全运营持续提供 技术支撑。 "海陆空"全域覆盖 春运期间，港珠澳大桥迎来车流、客流双高峰。今年2月2日至2月11日，港珠澳大桥累计车流量约15.82 万车次，同比增长26.51%。 当车流在港珠澳大桥上穿行而过，大桥的数据中心正同步"感知"着这座超级工程的每一处细微脉动。风 速、位移、环境变化，各项数据实时跳动更新，精准映射着实体大桥的实时状态。 自2018年10月开通，这座跨越零丁洋、连接粤港澳的大桥，早已超越物理通道的定义，成为大湾区的经 贸新通道和物流大动脉，让1小时生活圈从蓝图变为现实。 港珠澳大桥桥隧全长55千米，对于复杂的服役环境，精准感知结构状态 ...

目前还不能确定人工智能模型"克劳德"在行动中所起的作用。此前，美国军方曾使用这一模型分析卫星 图像和情报。据悉，推出"克劳德"的公司目前正与五角大楼进行谈判，该公司希望确保其技术不被用于 对美国人进行大规模监视和不被用于自主武器， 而五角大楼则希望人工智能公司允许美国军方在法律 允许的任何场景下使用其模型。 据央视新闻报道，记者当地时间13日获悉，知情人士透露，美军在今年1月3日强行控制委内瑞拉总统马 杜罗并移送出境的行动中，使用了美国一家公司推出的人工智能（AI）模型"克劳德"。 ...