证券代码：603056 证券简称：德邦股份 公告编号：2026-023 德邦物流股份有限公司 关于本次终止上市事项的第六次提示性公告 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： 德邦物流股份有限公司（以下简称"公司"）拟以股东会决议方式主动撤 回 A 股股票在上海证券交易所（以下简称"上交所"）的上市交易，并申请股票 进入全国中小企业股份转让系统退市板块继续交易（以下简称"本次终止上市"）。 本次终止上市事项已经公司 2026 年第一次临时股东会审议通过，公司将向上交 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。 根据本次终止上市相关工作安排，现金选择权申报时间定为 2026 年 2 月 9 日（星期一）、2 月 10 日（星期二）、2 月 11 日（星期三）、2 月 12 日（星 期四）（连续四个工作日）的 9:30-11:30、13:00-15:00；现金选择权申报简称 及代码为：德邦现金，770004。 通过融资融券信用证券账户持有公司股票且需要进行现金选择权申报的 投资者，应当不晚于 ...

文|天峰 来源|财富独角兽 2026年1月初至今沪深股指整体走出震荡上行的走势，指数集体实现正收益且呈现鲜明的结构性分化特征。截至1月30日收官，上证指数累计上涨 3.76%报 4117.95点，深证成指涨5.03%报14205.89点，创业板指涨4.47%报 3346.36点，三大指数月K线均录得两连阳，科创50则以12.29%的涨幅成为领涨核心。 权益类基金整体受益于股指上行实现大涨，但业绩分化同样突出，仍有大量产品陷入亏损，一些主动权益基金仍陷亏损，核心源于板块轮动、持仓偏离与 风格错配。交银施罗德基金旗下基金经理周中，旗下所管理的基金仍处于亏损状态。 01 高位重仓白酒板块引质疑 周中旗下基金成立来亏28.81% 基金规模59.35亿降至19.31亿 据天天基金网显示，基金经理周中毕业于复旦大学金融学硕士、南京大学工学学士。2009年至2010年任野村证券亚太区股票研究部研究助理,2010年至 2013年任中银国际证券研究部研究员、高级经理,2013年至2015年任瑞银证券研究部行业分析师、董事。 2015年加入交银施罗德基金管理有限公司,现任跨境投资部基金经理。曾任交银施罗德全球自然资源证券投资基金 ...

Industry Dynamics Tracking - The overall container shipping rates have decreased, with the SCFI composite index dropping by 9.7% to 1317 points. Specific routes such as Shanghai-Europe and Shanghai-Mediterranean saw declines of 11.1% and 12.0% respectively [3][4] - The refined oil tanker rates have increased, with the BCTI index rising by 4.6% to 890 points. The MR rates in the Pacific and Atlantic regions showed mixed results, with a notable increase of 12.7% in the Atlantic [8] - The logistics sector is witnessing a resilient demand, with the e-commerce express delivery industry expected to benefit from a recovery in the economy and a reduction in costs, leading to improved profitability for companies like SF Express and JD Logistics [12] Air Transport - The civil aviation sector is showing signs of recovery, with major airlines like China Southern and Hainan Airlines expected to turn profitable in 2025, while Eastern and Air China are projected to reduce their losses significantly [3] - The State Council has issued a plan to accelerate the cultivation of new growth points in service consumption, focusing on transportation services among others, which is expected to support the aviation sector [3] Shipping and Port Operations - The dry bulk shipping market is experiencing a "strong off-season" due to a combination of high demand in the Atlantic region and tight capacity, with the BDI index rising by 12.0% to 1949 points [8] - The geopolitical situation in the Middle East is tense, with the U.S. increasing military presence and Iran conducting live-fire exercises, which could impact oil shipping routes [6] - China's port cargo throughput has decreased, with a reported decline of 1.70% in total cargo and a 4.35% drop in container throughput [9] Road and Rail Transport - National logistics operations are running smoothly, with rail freight volumes reported at 7441.9 million tons, a decrease of 3.35% [10] - Shenzhen International reported a 3.3% increase in toll revenue for December 2025, indicating stable revenue growth in the road transport sector [11] Investment Opportunities - In the express delivery sector, companies like YTO Express and ZTO Express are expected to benefit from market share growth and operational improvements, while SF Express is noted for its cost control and shareholder returns [12] - The oil transportation market is anticipated to improve due to OPEC+ production increases and potential interest rate cuts, suggesting a favorable outlook for companies like China Merchants Energy and COSCO Shipping Energy [13] - The dry bulk shipping market is expected to continue its recovery, driven by environmental regulations and increased demand for commodities, with companies like China Merchants Energy and Haitong Development highlighted as potential beneficiaries [13]

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。 证券代码：603056 证券简称：德邦股份 公告编号：2026- 022 德邦物流股份有限公司 关于为控股子公司提供担保的进展公告 重要内容提示： | 被担保人名称 | 本次担保金 | | 实际为其提供的 担保余额（不含 | | 是否在前 期预计额 | 本次担保 是否有反 | | --- | --- | --- | --- | --- | --- | --- | | | 额 | | | | | | | | | | 本次担保金额） | | 度内 | 担保 | | 石家庄德邦物流有限公司 | 0.83 | 万元 | 26.61 | 万元 | 是 | 否 | | 成都全程德邦物流有限公司 | 20.92 | 万元 | 308.62 | 万元 | 是 | 否 | | 宁波宣德德邦供应链管理有限公司 | 51.42 | 万元 | 710.20 | 万元 | 是 | 否 | | 南昌德邦物流有限公司 | 87.31 | 万元 | 373.55 | 万元 | 是 | 否 | | 北京德邦货运代 ...

智通财经APP获悉，国信证券发布研报称，维持商贸零售板块"优于大市"评级。当前金价波动对板块虽 有短期情绪影响，但在当前行业增长逻辑转向依赖品牌建设、工艺创新和文化叙事能力带来的"α收 益"下，预计实际基本面影响相对平稳。AI未来有望在持续赋能品牌业务发展的过程中，实现业务增长 新曲线的开拓。 2025年底海内外市场经过一定涨幅之后市场震荡有所加大，从牛市轮动角度，新的一年消费板块不排除 在政策边际加码情况下来迎来一定弹性。 国信证券主要观点如下： 黄金珠宝金价波动不改龙头长期成长 今年以来，金价出现较大幅度波动，COMEX黄金开年至1月29日涨幅为12.28%，但1月30日单日取得跌 幅8.35%。当前金价波动对板块虽有短期情绪影响，但在当前行业增长逻辑转向依赖品牌建设、工艺创 新和文化叙事能力带来的"α收益"下，预计实际基本面影响相对平稳。一方面，参考2013年金价回调后 带来抢购潮并延续数月的投资购买热情，投资金业务为主的企业短期业绩仍有进一步增长支撑;另一方 面，具备价差优势并且港澳经营能力突出的港资珠宝品牌，以及近年来产品设计或差异化能力较好或综 合优势明显的头部企业，有望继续强化自身业务优势，实现 ...

Core Viewpoint - JD Industrial's IPO marks the expansion of Liu Qiangdong's capital empire, with the company being the seventh listed entity in the JD ecosystem, which includes JD Group, JD Health, JD Logistics, Dada Group, and Debon Holdings [4][51]. Group 1: Company Overview - As of September 30, 2025, JD Industrial's revenue is still over 30% derived from JD Group and its affiliates, with net loans payable to JD Group amounting to 14.5 billion yuan, accounting for 35% of its total borrowings [3][50]. - JD Industrial was established in 2007 as part of JD Group's logistics expansion and became independent in 2018, focusing on modern logistics infrastructure operations [9][53]. - The company manages 285 modern infrastructure assets across 29 provinces in China and 10 overseas countries, with a total building area of 27.1 million square meters and an asset management scale of 121.5 billion yuan [9][54]. Group 2: Financial Performance - JD Industrial's revenue grew from 582 million yuan in 2020 to 3.417 billion yuan in 2024, with a year-on-year increase of 21.15% to 3.002 billion yuan in the first three quarters of 2025 [11][57]. - The company reported a cumulative loss of 3.188 billion yuan from 2023 to the first nine months of 2025, with adjusted net profits of 261 million yuan, 530 million yuan, and 823 million yuan for the respective periods [28][72]. - The average occupancy rate of JD Industrial's completed modern infrastructure assets exceeded 90%, significantly higher than the industry average [19][64]. Group 3: Market Position and Competition - JD Industrial ranks second in the Asia-Pacific region and third in China's new economy sector for modern infrastructure providers, despite holding only a 1.3% market share domestically [10][55]. - The company has faced a slowdown in expansion, with the number of modern infrastructure assets growing from 236 at the end of 2022 to 285 by September 2025 [14][60]. Group 4: Strategic Plans and Future Outlook - JD Industrial plans to accelerate its overseas expansion, with a significant portion of its IPO proceeds allocated to developing strategically important overseas infrastructure assets [18][62]. - The company aims to establish a global talent team to support its international operations, although it acknowledges the increased risks associated with overseas expansion [18][62]. - JD Industrial's future revenue from JD Group and its affiliates is expected to increase, with projected annual payment caps for infrastructure services reaching 2.5 billion yuan by 2028 [43][44].

Group 1: Industry Dynamics - The overall container shipping rates have decreased, with the SCFI composite index dropping by 9.7% to 1317 points, and specific routes such as Shanghai-Europe and Shanghai-Mediterranean seeing declines of 11.1% and 12.0% respectively [1][8] - The refined oil tanker rates have increased, with the BCTI index rising by 4.6% to 890 points, while the MR rates for the Pacific and Atlantic regions showed mixed results [1][9] - The dry bulk market has shown strength during the traditional off-season, with the BDI index increasing by 12.0% to 1949 points, driven by a mismatch in supply and demand [1][8] Group 2: Express Logistics - YTO Express held a conference emphasizing the importance of building a resilient supply chain and adhering to national postal policies [2] - The State Post Bureau has prioritized the governance of illegal charges in rural express delivery as part of its 2026 initiatives [3] - Macro trends indicate a resilient demand in the e-commerce express delivery sector, with companies like SF Express and JD Logistics expected to benefit from cyclical recovery and cost control [13] Group 3: Aviation Sector - The civil aviation sector is showing signs of recovery, with major airlines like China Southern and Hainan Airlines expected to turn profitable in 2025, while others like China Eastern and Air China are projected to reduce losses significantly [4] - The State Council has issued a plan to enhance service consumption, which includes transportation services, aiming to stimulate economic growth [4] - Spring Festival travel demand is strong, with domestic flight bookings exceeding 7.16 million, reflecting a 16% increase compared to the previous year [5][6] Group 4: Shipping and Port Operations - The geopolitical situation in the Middle East remains tense, with the U.S. increasing military presence, which could impact oil shipping routes [7] - The Atlantic freight market is experiencing a surge, with dry bulk rates showing unexpected strength due to concentrated cargo volumes and tight capacity [8] - China's port cargo throughput has decreased, with a reported decline of 1.70% in total cargo and a 4.35% drop in container throughput [10] Group 5: Road and Rail Transport - National logistics operations are running smoothly, with rail freight volumes showing a slight decline of 3.35% [11] - Shenzhen International reported a 3.3% increase in toll revenue for December 2025, indicating stable growth in road transport [12] - Zhongyuan Express plans to recognize credit impairment and asset impairment provisions totaling 950 million, forecasting a 30% decline in annual net profit [12]

（来源：沈阳日报） 转自：沈阳日报 2025年，沈阳市民共收到18.32亿件快递，相当于每天502万件。最快的包裹可实现"上午下单、下午送 达"，颠覆了传统快递的速度认知。全市已布设智能快件箱6324组，格口总数达60.1万个，为市民提供 便捷的自助取件服务。菜鸟驿站的"无人经营"自助取件系统已设立302个站点，日均服务包裹1.6万个， 采用"无人值守+远程监控"模式，单个站点每月可节省近3000元成本，有效缓解"上班族没空取、老年人 不会用、快递员重复跑"的末端难题。近期，沈阳顺丰还创新推出"地铁+物流"模式，利用地铁2号线晚 间空闲时段运输航空快件，大幅缩短市区至机场的转运时间，打通城市物流的"地下动脉"。 从"产业"到"消费" 与城市发展同频共振 过去，快递行业曾陷入"以价换量"的内卷困境，而如今的数据则展现了从"汗水型"向"智慧型"的转型。 2025年，全市快递业务收入累计完成123.39亿元，同样位列全国50强城市第28位，同比增长16.24%，增 幅高于全省和全国4.57和9.74个百分点。 从"跑量"到"提质" 智慧化转型已成常态 在德邦物流辽宁枢纽中心，货物搬运、上下架全程自动化；分拣环节，快 ...

Core Insights - The article highlights the rapid growth and development of China's postal and express delivery industry, which has become the largest and most utilized network globally, with express delivery volume reaching 198.95 billion pieces, a year-on-year increase of 13.6%, and total revenue of 1.5 trillion yuan, up 6.5% year-on-year [1][13] Group 1: High-Quality Development - The 2026 National Postal Work Conference emphasizes "two promotions and three enhancements" as the core strategy for industry development, with a primary focus on promoting high-quality development [1][13] - High-quality development is seen as a necessary transition from scale expansion to value creation, as the industry adapts to new market conditions and consumer demands [1][14] - The domestic e-commerce market is shifting from "incremental expansion" to "deep cultivation of existing markets," necessitating a focus on quality improvement rather than just quantity growth [2][14] Group 2: New Growth Opportunities - Companies are encouraged to explore new value growth avenues by extending their services along the supply chain, moving beyond basic delivery services to areas like cold chain logistics and supply chain management [3][15] - The industry must shift from a competitive mindset of "dividing the pie" to "improving the pie together," focusing on quality, innovation, and customer experience [3][16] - Emphasis is placed on fostering new productive forces through technological innovation, integrating AI, big data, and IoT into business operations to enhance efficiency and service quality [4][16] Group 3: Efficient Governance - The article discusses the need for a governance upgrade from mere management to a multi-faceted approach involving government regulation, corporate self-discipline, and social collaboration [5][17] - Key strategies for effective governance include optimizing the business environment, innovating regulatory models, and enhancing corporate compliance [6][18] - Collaboration across the entire supply chain is essential, with a focus on shared interests and responsibilities among delivery companies, end-point networks, and franchisees [6][18] Group 4: Enhancing Rural Delivery Services - The National Postal Work Conference outlines three major tasks, including enhancing rural delivery service capabilities, which is crucial for improving network efficiency and supporting rural revitalization [20][21] - The rural delivery network consists of both public postal services and private delivery companies, emphasizing the need for a balanced approach to service provision [20][21] - New metrics for rural delivery services focus on accessibility, stability, and quality, ensuring that services effectively support agricultural and industrial product distribution [9][21] Group 5: International Delivery Service Capabilities - Improving international delivery service capabilities is critical for expanding market reach and enhancing resilience, aligning with China's status as a major global economy [10][22] - The article notes that two Chinese companies have entered the Fortune Global 500, and seven are in the China 500, indicating growing international competitiveness [10][22] - Strategies for enhancing international logistics include strengthening capabilities across the delivery process and optimizing organizational models for cross-border e-commerce [11][23] Group 6: Service Industry Capability Enhancement - Enhancing service capabilities is identified as a core driver for the transformation and value enhancement of the postal and express delivery industry [24] - The industry is urged to integrate logistics services with modern industrial systems, becoming an integral part of the supply chain rather than merely fulfilling logistics demands [24][25] - The focus on developing supply chain logistics and transitioning to comprehensive logistics providers is expected to create high-value service opportunities and support national modernization efforts [24][25]

登录新浪财经APP 搜索【信披】查看更多考评等级 金融市场瞬息万变，投资与经济政策深刻影响全球。我们为您带来昨夜今晨的财经新闻，涵盖股市动 态、经济数据、企业财务和政策更新，帮助您全面把握金融世界。 从狂热到踩踏，贵金属市场的"两脚刹车" 2026年1月底，国际金银价格在创历史新高后突发暴跌，创40年来最大单日跌幅。分析指出，这并非偶 然，而是市场过热后的技术性回撤。第一脚刹车源于极端上涨后的获利了结与杠杆资金平仓引发的踩 踏。第二脚刹车则因美联储鹰派主席提名及核心PPI数据超预期，动摇了市场对提前降息的押注，推高 实际利率与美元，削弱了黄金的吸引力。中长期看，地缘紧张与全球去美元化趋势仍构成结构性支撑， 但短期市场情绪脆弱，高波动风险需警惕。 组件价格跟着金属期货价格走 义乌中小光伏企业：不敢报价接单 新能源出口退税政策调整与银、铜、铝等金属价格大幅上涨形成双重冲击，导致义乌中小光伏企业陷入 经营困境。组件价格随金属期货剧烈波动，企业无法稳定报价，客户观望情绪浓厚，交易频现毁约。成 本结构中，飙升的白银价格使银浆取代硅料成为最大成本项。面对压力，企业纷纷清空库存避险，并尝 试拓展储能、逆变器业务或使用新材料 ...