Industry Insights - The Ministry of Industry and Information Technology and three other departments jointly issued the "Implementation Plan for Digital Transformation in the Automotive Industry," aiming to enhance the top-level design of digital transformation and promote high-quality development in the automotive sector [1] - The National Development and Reform Commission and four other departments released opinions on strengthening the construction of data element disciplines and digital talent teams, aiming to activate data elements to empower new productivity and promote the integration of education, talent, industry, and innovation chains in the data field [1] - Zhejiang Province has launched a major technological initiative for low-altitude economy, targeting key technologies in equipment manufacturing, operational support, and scenario applications over the next three years to support the development of a low-altitude economy [1] Company News - China Ocean Shipping Group signed contracts for 87 new ship orders with China Shipbuilding Group, with a total contract value of approximately 50 billion RMB, marking the highest single cooperation signing amount for domestic shipbuilding enterprises [1] - JD Logistics has launched its sixth-generation intelligent delivery vehicle in Saudi Arabia, which will collaborate with JoyExpress couriers to provide last-mile delivery services for local consumers [1] - Cainiao's Hong Kong eHub smart air cargo center has officially launched an automated stacking system, becoming the first in Hong Kong to achieve full-process automation from security inspection to grouping [1] - Deppon Express has created a "direct train" for Middle East logistics, opening air and sea transport routes connecting China to six countries including the UAE and Saudi Arabia, providing full-link logistics services to connect with the Middle East market [1] - Beijing Hualian Printing has introduced BYD's new energy forklifts, achieving a dual leap in environmental efficiency and operational efficiency [1] - Shenzhou Holdings has opened its flagship warehouse in South China, serving as a logistics center to empower the upgrade of fast-moving consumer goods in the South China region [1] - New Stone Technology has officially entered JD's self-operated mall, becoming the first unmanned vehicle brand to partner with a comprehensive e-commerce platform, exploring new paths for unmanned vehicle commercialization [1]

德邦物流股份有限公司 关于本次终止上市事项现金选择权申报尚余 2 个 交易日的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 证券代码：603056 证券简称：德邦股份 公告编号：2026-029 5.现金选择权行权价格：19.00 元/股。 德邦物流股份有限公司（以下简称"公司"）本次以股东会决议方式主动终 止公司股票上市事项已经公司 2026 年第一次临时股东会审议通过，公司将向上 海证券交易所申请股票终止上市交易，公司股票进入现金选择权行权申报阶段。 公司本次终止上市方案设置异议股东及其他股东保护机制，京东物流运输有 限公司将向包括异议股东（在股东会上对《关于以股东会决议方式主动终止公司 股票上市事项的议案》投反对票的股东）在内的、除宿迁京东卓风企业管理有限 公司及其一致行动人宁波梅山保税港区德邦投资控股股份有限公司外现金选择 权股权登记日登记在册的全体 A 股股东提供现金选择权（限售或存在权利限制的 股份等情形除外）。 本次现金选择权的申报时间为 2026 年 2 月 9 日（星期一）、2 ...

Core Viewpoint - Major online platforms are announcing adjustments to delivery fees during the upcoming Spring Festival, with some platforms implementing additional charges to support delivery personnel during this busy period [1][3][6]. Delivery Fee Adjustments - Sam's Club will charge an additional 3 yuan per order for online deliveries from February 11 to February 24, 2026, due to tight delivery capacity during the Spring Festival [1]. - Hema will charge a base delivery fee of 6 yuan per order for all users from February 14 to February 21, 2026, regardless of order amount, with additional charges for overweight items [3][4]. - Dingdong Maicai will also impose an extra 3 yuan service fee for orders during the period from February 15 to February 21, 2026, due to delivery capacity constraints [6]. Platforms Maintaining Current Fees - Meituan Waimai will not increase delivery fees during the Spring Festival, focusing instead on subsidizing riders through cash incentives and other benefits [7]. - Taobao Shanguo plans to invest nearly 2 billion yuan in rider incentives during the Spring Festival, but consumer delivery fees will remain unchanged [7]. - JD.com announced it will invest over 1.3 billion yuan in employee welfare during the Spring Festival [8]. Courier Services - Several courier companies, including SF Express and JD Logistics, are committed to ensuring package delivery during the Spring Festival while implementing resource adjustment fees due to increased demand [9][10]. - SF Express will charge a resource adjustment fee of 0.1 to 1.5 yuan per kilogram for certain shipments from January 19 to February 15, 2026, and additional fees during the Spring Festival [10]. - DeBang Express will also implement dynamic adjustment fees for deliveries during the Spring Festival, with specific charges based on customer agreements [11][13].

Core Viewpoint - Major online platforms are announcing that they will continue operations during the Spring Festival, with adjustments to delivery fees to accommodate the increased demand and ensure service continuity [1][10]. Delivery Fee Adjustments - Sam's Club will charge an additional 3 yuan per order for delivery from February 11 to February 24, 2026, to support delivery personnel during the Spring Festival [2]. - Hema will implement a flat delivery fee of 6 yuan per order for all users from February 14 to February 21, 2026, regardless of order amount, with additional charges for overweight items [4][6]. - Dingdong Maicai will also charge an extra 3 yuan service fee per order during the same period, consistent with previous years [8]. Rider Incentives - Taobao Shanguo will incentivize riders to stay on duty during the Spring Festival through various rewards and subsidies from February 4 to March 3 [11]. - Meituan will not increase delivery fees during the Spring Festival but will invest nearly 2 billion yuan in rider subsidies, focusing on cash incentives and welfare guarantees [11]. - JD.com announced an investment of over 1.3 billion yuan for employee welfare during the nine-day Spring Festival period [12]. Courier Services - Several courier companies, including SF Express, JD Logistics, and Deppon Express, have announced measures to ensure service continuity during the Spring Festival, with some implementing resource adjustment fees due to increased demand [14]. - SF Express will charge a resource adjustment fee of 0.1 to 1.5 yuan per kilogram for certain shipments from January 19 to February 15, 2026, and additional fees during the Spring Festival [14]. - Deppon Express will also implement a dynamic adjustment service fee for certain customers and products during the peak period from January 19 to February 14, 2026, and during the Spring Festival [16].

Core Viewpoint - Major online shopping platforms are announcing that they will remain operational during the Spring Festival, with adjustments to delivery fees due to increased demand and limited delivery capacity during this period [1][3][5]. Delivery Fee Adjustments - Sam's Club will charge an additional 3 yuan per order for online deliveries from February 11 to February 24, 2026, to support delivery personnel during the Spring Festival [1]. - Hema will implement a flat delivery fee of 6 yuan per order for all users from February 14 to February 21, 2026, regardless of order amount, with additional charges for overweight items [3][5]. - Dingdong Maicai will also charge an extra 3 yuan service fee for orders placed from February 15 to February 21, 2026, due to tight delivery capacity [7]. Other Platforms' Strategies - Meituan will not increase delivery fees during the Spring Festival, focusing instead on subsidizing riders through cash incentives and other benefits [9]. - Taobao Shanguo plans to invest nearly 2 billion yuan in rider incentives from February 4 to March 3, 2026, while keeping consumer fees unchanged [9]. - JD.com announced a 1.3 billion yuan investment in employee welfare during the Spring Festival [10]. Courier Services - Several courier companies, including SF Express and JD Logistics, will implement resource adjustment fees during the Spring Festival due to increased demand and operational challenges [10][12]. - SF Express will charge a resource adjustment fee of 0.1 to 1.5 yuan per kilogram for certain shipments from January 19 to February 15, 2026, and additional fees during the Spring Festival [10]. - DeBang Express will also charge a dynamic adjustment service fee for certain customers and products during the same period [12]. Consumer Awareness - Consumers are advised to plan ahead for shipping, especially to remote areas, and to consider additional time for delivery during the Spring Festival [17].

Core Viewpoint - Major online shopping platforms are implementing changes to delivery fees during the Spring Festival period, with some platforms charging additional fees to ensure service continuity amid tight logistics capacity [1][3][5][7]. Group 1: Delivery Fee Adjustments - Sam's Club will charge an additional 3 yuan per order for online deliveries from February 11 to February 24, 2026, to support delivery personnel during the Spring Festival [1]. - Hema will charge a base delivery fee of 6 yuan per order for all users from February 14 to February 21, 2026, regardless of order amount, with additional fees for overweight items [3][5]. - Dingdong Maicai will also impose an extra 3 yuan service fee for orders placed from February 15 to February 21, 2026, due to tight logistics capacity [7]. Group 2: Platforms Maintaining Current Fees - Meituan Waimai will not increase delivery fees during the Spring Festival, focusing instead on subsidizing riders through cash incentives and other benefits [9]. - Taobao Shanguo plans to invest nearly 2 billion yuan in rider incentives during the Spring Festival, while consumer fees will remain unchanged [9]. - JD.com announced a 1.3 billion yuan investment in employee welfare during the Spring Festival, with no mention of increased delivery fees for consumers [10]. Group 3: Courier Services and Resource Adjustment Fees - Several courier companies, including SF Express and JD Logistics, will implement resource adjustment fees during the Spring Festival due to increased demand and logistical challenges [10][12][14]. - SF Express will charge a resource adjustment fee of 0.1 to 1.5 yuan per kilogram for certain shipments from January 19 to February 15, 2026, and additional fees during the Spring Festival period [10]. - DeBang Express will also charge a dynamic adjustment service fee of 0.2 to 0.5 yuan per kilogram for specific customers and products during the peak period [12].

Summary of Conference Call Records Industry Overview - The beauty and personal care sector is expected to see significant growth in 2026, driven by industry rotation and positive changes in certain companies. The market has experienced adjustments since the second half of 2025, particularly after the peak of new consumption trends, leading to declines of over 30% in some companies' stock prices. However, many companies are now at low valuation levels, and with the influence of style rotation, stock prices have rebounded significantly [2][3][4]. Key Companies and Performance - **Proya (珀莱雅)**: The main brand achieved a 24% growth in January 2026, with its OR brand doubling in growth. The company has undergone management changes and is launching new product lines, which are expected to contribute to stable growth [5][10][11]. - **Betaini (贝泰妮)**: The company has seen a recovery in e-commerce sales and profitability, with its main brand stabilizing in revenue and profit margins. The sub-brand Oksman is projected to grow over three times, indicating strong future potential [12]. - **Lurich (陆雨辰)**: Despite recent stock price adjustments due to industry style changes and regulatory uncertainties, the company remains optimistic about its growth potential, especially as it benefits from compliance with regulations [7]. - **Shangmei (尚美)**: The company has maintained good growth rates, with its sub-brands achieving significant increases in sales [6]. Market Trends and Consumer Behavior - The overall demand in the beauty sector is expected to bottom out and gradually recover in 2026. External shocks and subsidy reductions have already impacted business demand, and if housing prices stabilize and CPI rises in the second half of the year, consumer opportunities will increase [2][3]. - The growth of beauty products on platforms like Douyin (抖音) has been notable, with a 25% year-on-year increase in January 2026. This growth is attributed to organizational adjustments and operational improvements within companies [5][6]. Investment Opportunities - The focus for 2026 should be on companies that are at the bottom of their valuation with positive changes. Companies like Proya, Betaini, and Lurich are highlighted as having reflected the most pessimistic expectations in their stock prices, and any positive developments could lead to significant stock performance [4][5][6]. - The investment strategy should prioritize companies with strong fundamentals and those that have undergone structural or organizational adjustments, as these are likely to show marginal improvements and high growth potential [2][3][6]. Regulatory Environment - The regulatory landscape for NMN (Nicotinamide Mononucleotide) is evolving, with expectations that future policies will not be overly stringent. This is seen as beneficial for compliant large enterprises in the industry [8]. Conclusion - The beauty and personal care industry is poised for recovery and growth in 2026, with several companies showing promising signs of improvement. Investors are encouraged to focus on companies with strong fundamentals and positive changes, as these are likely to yield significant returns in the coming year [2][3][4].

登录新浪财经APP 搜索【信披】查看更多考评等级 3. 现金选择权申报简称及代码：德邦现金，770004。 证券代码：603056 证券简称：德邦股份 公告编号：2026-028 德邦物流股份有限公司 关于本次终止上市事项现金选择权申报尚余 3个交易日的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： 1.本次终止上市事项现金选择权申报时间尚余2月10日（星期二）、2月11日（星期三）、2月12日（星 期四）3个交易日，申报时间为9:30-11:30、13:00-15:00；若各位股东有现金选择权申报意愿，请通过上 海证券交易所交易系统进行申报。 具体申报流程、申报结果确认请投资者与所在营业部或者开户券商联系确认。 2. 现金选择权申报方式：通过上海证券交易所交易系统进行网上申报，公司不提供现场申报方式。 4. 现金选择权申报方向："申报卖出"。"申报买入"为无效申报。申报有效期内，当天可以撤单，次日开 始不得撤回。 5. 现金选择权行权价格：19.00元/股。 德邦物流股份有限公司（以下简称"公司" ...

证券代码：603056 证券简称：德邦股份 公告编号：2026-028 德邦物流股份有限公司 关于本次终止上市事项现金选择权申报尚余 3 个交易日的提示性公告 重要内容提示： 1.本次终止上市事项现金选择权申报时间尚余 2 月 10 日（星期二）、2 月 11 日（星期三）、2 月 12 日（星期四）3 个交易日，申报时间为 9:30-11:30、 13:00-15:00；若各位股东有现金选择权申报意愿，请通过上海证券交易所交易 系统进行申报。 具体申报流程、申报结果确认请投资者与所在营业部或者开户券商联系确认。 2. 现金选择权申报方式：通过上海证券交易所交易系统进行网上申报，公 司不提供现场申报方式。 3. 现金选择权申报简称及代码：德邦现金，770004。 4. 现金选择权申报方向："申报卖出"。"申报买入"为无效申报。申报 有效期内，当天可以撤单，次日开始不得撤回。 5. 现金选择权行权价格：19.00 元/股。 德邦物流股份有限公司（以下简称"公司"）本次以股东会决议方式主动终 止公司股票上市事项已经公司 2026 年第一次临时股东会审议通过，公司将向上 海证券交易所申请股票终止上市交易，公司股票进 ...

Core Viewpoint - The news highlights concerns regarding the potential suspension of express delivery services during the Spring Festival, which has led to increased consumer anxiety and purchasing behavior. Group 1: Consumer Behavior - Many consumers are reacting to the news of potential delivery suspension by making last-minute purchases, with one individual stating they placed 20 orders overnight due to the announcement [2] - The fear of not receiving goods in time for the holiday has prompted consumers to buy items they were previously hesitant about [5] Group 2: Delivery Service Responses - Multiple express delivery companies have announced their service arrangements for the Spring Festival, confirming that they will continue to provide delivery services to meet holiday demand [9] - Major companies such as YTO Express, Shentong Express, and Yunda Express have stated that they will not suspend operations during the holiday and have not received any notifications regarding price increases [11] - China Post Express Logistics confirmed that they operate year-round but may implement additional charges for pickup services, while JD Logistics indicated that some stations might experience scheduling changes and potential resource adjustment fees [12] - Other companies like SF Express and Debon Express also confirmed they will not suspend operations, although transportation costs may be adjusted due to various factors [12][14]