MACD金叉信号形成，这些股涨势不错！ 格隆汇11月25日丨德邦股份(603056.SH)公布,近日，公司接到间接控股股东京东卓风通知，京东卓风已 完成本次增持计划。本次增持计划实施期间，京东卓风通过上海证券交易所交易系统以集中竞价方式累 计增持公司A股股份3003.75万股，占公司总股本的2.95%，累计增持金额为人民币4.18亿元，符合本次 增持计划的相关要求。 ...

关于间接控股股东增持计划实施完毕 暨增持股份结果公告 本公司董事会、全体董事及相关股东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：2025-062 德邦物流股份有限公司 （2）另外在本次增持计划实施期间，京东卓风于 2025 年 2 月 6 日和 2025 年 5 月 7 日 通过大宗交易方式以自有及自筹资金分别增持了公司股份 16,500,000 股和 15,756,888 股。 上述增持主体存在一致行动人： | | | 持股比例 | | | --- | --- | --- | --- | | 股东名称 | 持股数量（股） | （占当前 | 一致行动关系形成原因 | | | | 总股本） | | | 宁波梅山保税港 | | | 宁波梅山保税港区德邦投资控股 | | 区德邦投资控股 | 682,890,461 | 66.96% | 股份有限公司为间接控股股东京 | | 股份有限公司 | | | 东卓风的全资子公司 | 已披露增持计划情况 德邦物流股份有限公司（以下简称"公司" ...

关于宿迁京东卓风企业管理有限公司增持德邦物流股份 有限公司股份的 法律意见书 二〇二五年十一月 目 录 北京世辉律师事务所 | 一、增持人的主体资格………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 1 | | --- | | 二、本次增持的情况 | | 三、本次增持属于《收购管理办法》规定的免于发出要约的情形 . | | 四、结论意见… | l 北京世辉律师事务所 关于宿迁京东卓风企业管理有限公司 增持德邦物流股份有限公司股份的 法律意见书 致：宿迁京东卓风企业管理有限公司 2. 本法律意见书依据我国现行有效的或者增持人的行为、有关事实发生或存在时 适用的法律、法规、规章和规范性文件，并基于本所律师对该等规定的理解而出具。 3. 本所及本所律师对本法律意见书所涉及的有关事实的了解，最终依赖于增持人 向本所及本所律师提供的文件、资料及所作陈述和保证，且增持人已向本所及本所律师 保证了其真实性、完整性和准确性。 4. 对于出具本法律意见书至关重要而又无法得到独立证 ...

Core Viewpoint - JD Industrial is set to go public on the Hong Kong Stock Exchange, aiming to raise up to $500 million, with pricing scheduled for December 8 and listing on December 11, marking it as the sixth publicly listed company under the JD Group [1] Group 1: Company Overview - JD Industrial is a leading provider of industrial supply chain technology and services in China, offering comprehensive solutions for non-production materials (MRO) and production materials (BOM) [1] - The company has established itself as the largest player in China's MRO procurement service market, with a projected transaction volume ranking first in 2024, nearly three times larger than the second-largest competitor [1][2] - JD Industrial holds a market share of 4.1% in the industrial supply chain technology and services market in China [1] Group 2: Client Base and Supply Network - Over the past 12 months, JD Industrial has served approximately 11,100 key enterprise clients, including around 60% of China's Fortune 500 companies and over 40% of global Fortune 500 companies operating in China [2] - The company sources products from a vast network of approximately 158,000 manufacturers and agents, providing the widest range of industrial products in China, with 80 product categories and about 81.1 million SKUs [2] Group 3: Financial Performance - JD Industrial's revenue for the years 2022 to 2024 and the first half of 2025 is reported as follows: 14.135 billion RMB, 17.336 billion RMB, 20.398 billion RMB, and 10.250 billion RMB respectively [3] - Corresponding net profits for the same periods are -1.269 billion RMB, 0.048 billion RMB, 0.762 billion RMB, and 0.451 billion RMB [3]

Group 1 - JD Industrial has passed the hearing for its listing on the Hong Kong Stock Exchange, with joint sponsors including Bank of America Merrill Lynch, Goldman Sachs, Haitong International, and UBS [1] - If successfully listed, JD Industrial will become the sixth publicly listed company under JD Group, which already includes JD Group, JD Health, JD Logistics, Deppon Logistics, and Dada Group [1] - JD Industrial's path to listing has faced challenges, having submitted its prospectus three times in 2023 and 2024, which expired without approval [3] Group 2 - JD Industrial has shown significant growth in revenue and profit, with revenues of 14.135 billion, 17.336 billion, and 20.4 billion yuan for the years 2022, 2023, and 2024 respectively [3] - As of August 2025, JD Industrial's total revenue reached 14.1 billion yuan, an 18.9% increase compared to the same period in 2024 [5] - The company turned a net loss of 1.3 billion yuan in 2022 into a net profit of 4.8 million yuan in 2023, with net profit soaring to 760 million yuan in 2024, marking a staggering increase of 1586% [5] Group 3 - JD Industrial, spun off from JD's enterprise business in 2017, focuses on MRO procurement services and has become a leading player in the domestic MRO procurement market [7] - The market size of JD Industrial is approximately three times that of its nearest competitor, serving 60% of China's Fortune 500 companies [7] - The actual controller of JD Industrial is Liu Qiangdong, who holds 3.68% directly through MaxI&PLimited, with a total control of about 83% of voting rights when combined with JD Group's holdings [7]

Industry and Company Overview - The e-commerce sales during the 2025 Double Eleven shopping festival reached 1,695 billion yuan, marking a year-on-year growth of 14.2% [2] - Comprehensive e-commerce sales totaled 1,619.1 billion yuan, with a year-on-year increase of 12.3%, while instant retail sales surged by 138.4% to 67 billion yuan [2] - Community group buying sales decreased by 35.3% to 9 billion yuan, indicating a shift in consumer preferences [2] - The top five categories in comprehensive e-commerce sales were home appliances (16.5%), mobile digital (14.6%), clothing (14.0%), personal care and beauty (8.2%), and footwear/bags (6.5%) [2] Consumer Trends - Consumers are becoming more rational, willing to pay for genuine value, reflecting a trend of "demand-based segmentation" [2] - The importance of brand resonance with consumers is increasing, with domestic and emerging original brands gaining favor through innovative design and content [2] Home Appliance and Beauty Industry Insights - The home appliance sector continues to show strong potential, supported by subsidy policies, but competition is evolving towards AI empowerment, green intelligence, and comprehensive solutions [4] - The beauty industry demonstrates resilience and structural upgrades, driven by rational consumer behavior, with a focus on high-end products and effectiveness [4] - High-end markets and fragrance categories are experiencing rapid growth, suggesting a need to focus on leading companies with strong R&D capabilities [4] Retail Data and Market Dynamics - In October, the total retail sales of consumer goods reached 46,291 billion yuan, growing by 2.9% year-on-year, with non-automotive retail sales increasing by 4.0% [5] - Online retail sales for the first ten months reached 127,916 billion yuan, up 9.6%, with physical goods online retail sales accounting for 25.2% of total retail sales [5] - The consumption market is showing stable growth, with significant structural characteristics, particularly in upgraded goods and new consumption trends [5] Investment Recommendations - The Z generation is driving a shift from physical to service and experience-oriented consumption, suggesting a focus on companies with strong IP, quality service, and user engagement capabilities [6][7] - The domestic beauty market is seeing increased recognition for high-quality domestic brands, particularly in the high-end segment, indicating potential for further market penetration [7] - Continued domestic demand stimulation policies are expected to enhance offline consumption capabilities and willingness [7]

Group 1: Company Listings and Developments - Innovation Industries officially listed on the Hong Kong Stock Exchange on November 24, closing at HKD 14.59 per share, a rise of 32.76%, focusing on upstream aluminum industry with plans to use funds for overseas capacity expansion and green energy projects [1] - Sany Heavy Industry and Cambridge Technology have been added to the Hong Kong Stock Connect, enhancing cross-border investment opportunities for mainland investors [2] - Joy City Property announced plans to withdraw its listing status on the Hong Kong Stock Exchange, aiming to streamline operations and improve decision-making efficiency in response to industry challenges [3] - JD Industrial has passed the listing hearing on the Hong Kong Stock Exchange, potentially becoming the sixth company under JD Group to go public, which could enhance its financing channels and support the digitalization of the industrial supply chain [4] Group 2: Market Performance - The Hang Seng Index closed at 25,716.50, with a gain of 1.97% on November 24 [5] - The Hang Seng Tech Index reached 5,545.56, increasing by 2.78% [5] - The National Enterprises Index stood at 9,079.42, up by 1.79% [5]

Group 1 - JD Industrial has passed the hearing for its IPO on the Hong Kong Stock Exchange, with joint sponsors including Bank of America Merrill Lynch, Goldman Sachs, Haitong International, and UBS [1] - If successfully listed, JD Industrial will be the sixth publicly listed company under Liu Qiangdong [1] - JD Industrial is a leading provider of industrial supply chain technology and services in China, focusing on MRO procurement services since 2017 [3][5] Group 2 - JD Industrial is the largest participant in China's MRO procurement service market, with a projected transaction volume in 2024 nearly three times that of its closest competitor [3] - The company holds a market share of 4.1% in the industrial supply chain technology and services market in China, with revenue from continuing operations expected to grow from approximately RMB 14.1 billion in 2022 to RMB 20.4 billion in 2024, reflecting a compound annual growth rate (CAGR) of 20.1% [3][5] Group 3 - As of June 30, 2025, JD Industrial serves around 11,100 key enterprise clients, including approximately 60% of China's Fortune 500 companies and over 40% of the global Fortune 500 companies operating in China [5] - The company offers a wide range of industrial products, with approximately 81.1 million SKUs across 80 product categories, sourced from around 158,000 manufacturers, distributors, and agents [6] Group 4 - JD Industrial's revenue from continuing operations increased from RMB 8.6 billion for the six months ending June 30, 2024, to RMB 10.3 billion for the six months ending June 30, 2025 [6] - The company recorded a net loss of RMB 1.3 billion in 2022, followed by a net profit of RMB 4.8 million in 2023, and a projected net profit of RMB 760 million in 2024 [6] Group 5 - JD Industrial is expected to raise around $500 million in its upcoming IPO, contributing to the ongoing trend of increased IPO activity in Hong Kong [7] - Since July 1, 2023, Hong Kong has raised nearly $23 billion through stock issuances, marking the best quarterly performance in over four years [7] Group 6 - The growth of JD Industrial is supported by the robust development of China's secondary industry, which has seen its output value increase over 250 times in the past 47 years [11] - China's secondary industry output value is projected to grow from RMB 38.1 trillion in 2019 to RMB 49.2 trillion in 2024, with a CAGR of 5.3% [11] - China is expected to continue leading global growth in the secondary industry, with a more comprehensive and complex industrial ecosystem compared to the United States [11][13]

Core Viewpoint - JD Industrial Co., Ltd. has successfully passed the hearing for its listing on the Hong Kong Stock Exchange, potentially becoming the sixth publicly listed company under Liu Qiangdong's leadership, following JD Group, JD Logistics, JD Health, Dada Group, and Debon Holdings [1]. Company Overview - JD Industrial is a provider of industrial supply chain technology and services, focusing on e-commerce for industrial products. Its main offerings include MRO (Maintenance, Repair, and Operations) and BOM (Bill of Materials) services through its "Taipu" digital supply chain solution [1]. - Since its establishment in 2017, JD Industrial has become the largest player in the MRO procurement service market in mainland China, with a projected transaction volume in 2024 nearly three times that of its closest competitor [1]. Shareholding Structure - The controlling shareholder of JD Industrial is JD Group, which holds approximately 79% of the shares through its subsidiaries. Liu Qiangdong, the actual controller, directly holds 3.68% of the shares, giving him control over about 83% of the voting rights [2]. Financial Performance - JD Industrial's total revenue from continuing operations increased from RMB 14.1 billion in 2022 to RMB 17.3 billion in 2023, and is projected to reach RMB 20.4 billion in 2024, reflecting a compound annual growth rate (CAGR) of 20.1% [2]. - The company reported a net loss of RMB 1.3 billion in 2022, but turned a profit in 2023 with a net income of RMB 4.8 million. The net profit is expected to rise significantly to RMB 760.6 million in 2024, marking a year-on-year growth of 1586% [3]. Revenue and Profit Breakdown - For the first half of 2024, JD Industrial's revenue is projected to increase by 18.9% to RMB 10.3 billion compared to RMB 8.6 billion in the first half of 2023 [2]. - The gross profit margin for the company has shown slight fluctuations, with a gross profit of RMB 2.8 billion in 2023, representing a margin of 16.1% [4].

2025-11-24 09:21:01 作者：狼叫兽 2025年11月24日，港交所官网信息显示，京东工业股份有限公司已通过上市聆讯。此次发行由美银证 券、高盛、海通国际及瑞银共同担任联席保荐人，负责后续相关工作。 京东工业此前曾于2023年3月、2024年9月及2025年3月三次提交上市申请，但均因招股书有效期结束而 失效。此次为公司第四次尝试登陆港股市场。若顺利上市，京东工业将成为继京东集团、京东物流、京 东健康、达达集团和德邦物流之后，京东体系内第六家进入资本市场的成员企业。 财务方面，京东工业近年保持稳健增长态势。持续经营业务总收入从2022年的141亿元上升至2023年的 173亿元，并在2024年达到204亿元。截至2025年6月30日，该业务板块实现收入103亿元，同比增长 18.9%，相较2024年同期的86亿元有显著提升。 ...