Core Insights - Wangfujing Duty-Free officially opened its duty-free store at Beijing Capital Airport T2, marking its first presence in a major international hub in China [1][4] - The T2 project is seen as a strategic move to enhance the international consumption center in Beijing, with a focus on high customer spending and unique shopping experiences [3][7] Group 1: Business Strategy - The T2 duty-free store is part of Wangfujing Group's dual-driven strategy of "taxable + duty-free" and aims to expand into high-end consumer markets [4][8] - The store features a mix of popular categories including imported cosmetics, domestic and international beverages, travel goods, and electronics, catering to diverse consumer needs [4][8] Group 2: Competitive Advantage - The competitive edge of the T2 duty-free store lies in its precise product mix, unique brand experiences, and deep integration of omnichannel services, transitioning from traditional retail to value experiences [7] - The store emphasizes the introduction of domestic trendy products and cultural IP items, enhancing its appeal to consumers [4][7] Group 3: Future Developments - Wangfujing Group has been rapidly expanding its duty-free operations since obtaining a license in 2020, with plans for further projects in Harbin and Mudanjiang airports, filling gaps in Northeast China [8] - The collaboration between Wangfujing Group, Shougang Group, and Capital Airport Group aims to optimize store operations and innovate consumer experiences, promoting high-quality development in the airport duty-free sector [8]

北京商报讯（记者 和岳）2月11日，北京商报记者从市交通委获悉，为保障首都市民和来京旅客度过平安、便捷、温馨的春节，北京市交通运输综合执法总 队全面启动专项保障工作，深化跨部门、跨区域协同联动，规范运输秩序、强化执法服务、护航群众出行。 春节假期前，聚焦"八站两场"周边、省际客运站、进出京主要道路、商圈景区及庙会公园等大客流密集区域，执法总队运用科技手段加强视频巡查与大数据 预警，加密出租汽车、省际客运、旅游客运、道路货运、轨道交通、地面公交等重点行业领域的巡查频次和执法力度，严查各类违规运营行为；同时加强危 险品运输、机动车维修、在施工程等重点领域的入企检查和路检路查，督促企业落实安全生产主体责任，发挥共管共治机制作用，引导从业人员规范运营、 提升服务水平。 ni I M - E Reu 在从严整治违法违规行为的同时，执法总队同步优化便民服务举措，其中在"八站两场"、交通枢纽地区设立"春运暖心服务岗"，为旅客提供问询等出行便 利。此外，加强与高速公路运营单位的联勤联动，确保收费站通行顺畅，督促高速公路运营企业做好服务区充电设施维护和铲冰除雪应急准备，确保旅 客"走得了、走得好、走得暖"。 春运期间，执法总队 ...

新春佳节临近，为切实破解春节期间子女外出、保姆返乡带来的养老照护难题，让老年群体过"安心 年"、家属过"放心年"，北京市民政局联动各区民政部门精准发力，统筹推出短托试住升级服务与全覆 盖居家养老服务，以专业化供给、多元化选择、暖心化举措，为全市老年人筑牢新春养老服务保障网， 让年味里满是关怀与暖意。 即日起至正月期间，全市150余家街道(乡镇)区域养老服务中心也同步启动春节特色居家养老服务行 动。各中心充分发挥养老服务枢纽平台效能，紧扣老年群体实际需求、立足自身服务优势，因地制宜开 展多样化暖心服务，让老年人足不出户就能享受便捷优质的养老保障。 在服务套餐方面，此次推出"春节日托+夜托/周托/半月托"等灵活组合形式，部分机构短托服务日均价 格与长住标准基本持平，床位费与护理费叠加后最低可享5折优惠，兼顾性价比与实用性。服务内容上 坚持"优惠不打折"，涵盖日常起居照料、节日营养餐食定制、休闲文娱活动组织、基础健康监测等一站 式服务，多维度精准匹配老年人新春照护核心需求，让老年群体在机构也能感受到家的温暖。 此前广受好评的"试住体验"服务则再次返场。此次推出的"试住体验"服务继续聚焦品质化和人性化，体 验时长更为 ...

| | | | | Fourth Quarter | | | | | | Full Year | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2024 | | 2025 | | Change | | 2024 | | 2025 | | Change | | Wholesale Units (000) | | 1,188 | | 1.083 | | (9)% | | 4.470 | | 4.395 | | (2)% | | GAAP Financial Measures | | | | | | | | | | | | | | Cash Flows from Op. Activities ($B) | S | 3.0 | $ | 3.9 | $ | 0.9 | S | 15.4 | $ | 21.3 | $ | 5.9 | | Revenue ($B) | | 48.2 | | 45.9 | | (5)% | | 185.0 | | 187.3 | | 1 % | | Net I ...

Core Viewpoint - Major gold brands in China are tightening their buyback policies in response to recent fluctuations in gold prices, leading to increased consumer interest in trade-in options instead of direct buybacks [3][15]. Buyback Policy Changes - Many leading brands have suspended buyback services on weekends and holidays, resulting in a surge in buyback activity on the first working day after these suspensions [3]. - Brands like Cai Bai and China Gold have implemented new buyback regulations, including limits on the amount that can be repurchased per customer per day and requiring appointments for transactions [6][9]. - Consumers must provide original purchase receipts, valid ID, and bank cards to complete buyback transactions, making the process more stringent [4][9]. Impact on Consumer Behavior - The tightening of buyback policies has led consumers to consider trade-in options, which have lower barriers to entry and are more widely available across stores [12]. - Trade-in programs often do not impose the same level of fees as direct buybacks, making them more attractive to consumers [10][14]. Fee Structures - Buyback fees vary significantly between brands, with some charging up to 5% to 8% of the buyback price, translating to deductions of 60 to 100 yuan per gram of gold based on current market prices [10][12]. - For example, Cai Bai deducts 3.8 yuan per gram for its own gold bars, while non-brand gold bars incur a deduction of 30 yuan per gram [10]. Market Dynamics - The tightening of buyback policies is seen as a risk management strategy by brands to cope with market volatility and protect their assets [15]. - Analysts suggest that while the buyback process has become less convenient, the intrinsic value of gold as a long-term asset remains intact [15][17]. Investment Recommendations - Consumers are advised to choose gold products based on their intended use, whether for decoration or as a means of asset preservation, and to be aware of the varying buyback rules across different channels [17]. - It is recommended that consumers maintain a balanced approach to gold investment, especially during periods of market volatility [17].

北京商报讯(记者李晗)2月11日，北京市密云区水源路南侧MY00-0104-6022、6025地块由首融(海南)商 业发展有限公司和北京密云城市建设投资集团有限公司联合体以底价3.8亿元摘得。出让文件显示，该 宗地块土地面积约2.45万平方米，规划建筑面积约4.9万平方米。 ...

北京商报讯（记者 王维祎）2月11日，北京商报记者从无会平台了解到，该平台面向所有用户征集原创 AI宠物IP形象，正式开启"AI 宠物微电影招募计划"。 无会App相关负责人表示，未来，平台也将持续拓展AI宠物IP在短片、微电影和互动内容等领域的应 用，为创作者提供更自由的创作空间。 无会App是一款以AI宠物IP为核心的内容创作平台。用户可借助AI技术，将现实中的宠物进行数字化重 塑，将宠物形象生成为能够主动互动、讲故事、参与创作的"内容发声者"。 ...

招股书显示，2023年、2024年及2025年前三季度，鹿客科技实现收入分别为10.14亿元、10.86亿元、 7.74亿元；实现利润分别为1402万元、5311万元、3198万元。募集资金将用于中长期技术研发及支 持"产品及技术驱动"战略、自有品牌营销及海外市场扩张、偿还公司部分现有债务以及用于营运资金及 其他一般企业用途，包括日常运营及一般企业开支。 北京商报讯（记者 翟枫瑞）2月11日，北京商报记者在港交所官网注意到，鹿客科技（北京）股份有限 公司（以下简称"鹿客科技"）已向港交所主板递交上市申请，独家保荐人为中国银河国际。据了解，鹿 客科技是全球AI（人工智能）家庭安全管家的开创者。公司提供以智能锁为核心的家庭及社区安全防 护、智能管理与家庭护理的综合解决方案。 ...

名雕股份（002830）、横店影视（603103）等多只个股跌停。这些股票都是近期炒作的热门股，股价表 现都是大起大落，对于类似的个股，普通投资者应该谨慎参与，如果是提前布局，可以逢高兑现，但如 果中途追高参与，风险会很高。 此外，普通投资者还应加强学习，掌握分析上市公司基本面和股价走势技术分析的方法，增强对风险的 识别和防范能力。同时，要树立正确的风险意识，认识到炒作热门股巨大的投资风险，不可能做到只赚 不赔。另外，要根据自己的风险承受能力，合理配置资产，避免将过多资金投入到大起大落的热门股 中。 如果投资者执意追逐热门股，要尽可能将资金分散到不同的热门股题材中，这样可以避免单一热门股题 材潮落时面临的巨大投资损失，如果是多个热门题材分散持有，在热点转换的时候，投资者也有机会遇 到"东边不亮西边亮"，操作上更为灵活。 北京商报评论员周科竞 在股价上涨时，投资者很容易盲目跟风追高，期望获取短期的投机收益；而在股价下跌时，投资者又因 恐慌心理而匆忙割肉离场，导致高买低卖的尴尬局面。 需要注意的是，大起大落的个股可能伴随着操纵股价等违法违规行为。一些大型投资者利用资金优势和 信息优势，通过拉抬股价、制造虚假繁荣等 ...

Group 1 - The core viewpoint of the article highlights the significant upgrade of the private label "Wumart Select" during the New Year shopping festival, introducing hundreds of high-quality and cost-effective products across various essential categories such as beverages, snacks, ready-to-eat meals, condiments, and fresh goods [1] Group 2 - In 2025, the sales of "Wumart Select" are projected to surge nearly 160 times year-on-year [2] - Popular gift items include Wumart nut gift boxes, premium milk gift boxes, and JJ/JJJ grade cherry gift boxes, with sales increasing by approximately 1.4 times and volumes more than quadrupling [2] - The "meal-retail integration" category, featuring ready-to-eat meals and baked goods, is also experiencing significant growth, with sales expected to rise over 70% year-on-year in 2025, alongside an increase in average transaction value [2]