（文章来源：人民日报） 本报北京1月9日电记者从国家邮政局获悉：2025年，我国邮政行业业务收入和行业寄递业务量分别完成 1.8万亿元和2165亿件，同比分别增长6.4%和11.5%。其中，快递业务收入和快递业务量分别完成1.5万 亿元和1990亿件，同比分别增长6.5%和13.7%。"十四五"时期，邮政行业业务收入年均增长超过10%； 人均年快递使用量增长到141件，单日最高业务量达7.77亿件。 ...

Group 1 - The year 2026 marks the beginning of the "15th Five-Year Plan," with various industry professionals expressing their hopes for the new year [2] - Individuals from diverse sectors, including community service, tourism, logistics, and advertising, are eager to contribute to their industries and improve their lives [2] - There is a collective aspiration for advancements in technology, cultural heritage storytelling, and the implementation of beneficial policies at the grassroots level [2] Group 2 - The emphasis is on unity and practical efforts to embark on a new journey towards high-quality development [3]

Core Viewpoint - Shentong Express (002468) has announced that its normal throughput capacity is expected to meet its target by the end of 2025, and investors are advised to monitor future regular reports for updates on the 2026 capacity planning [1] Group 1 - The company has confirmed its throughput capacity goals for 2025 [1] - Investors are encouraged to stay updated on the company's future reports regarding capacity planning for 2026 [1]

圆通速递称，本次交易对方圆弘置业与公司同受蛟龙集团控制，为公司关联法人。本次交易构成关联交 易，不构成重大资产重组。 万佳高科系圆通速递控股股东蛟龙集团全资孙公司，其持有位于北京市顺义区仁和地区杨家营村东的土 地。 中证报中证网讯(记者宋维东)圆通速递（600233）1月9日晚公告，公司全资子公司圆通有限拟向蛟龙集 团子公司圆弘置业购买其持有的万佳高科100%股权，交易对价为3.05亿元。此举系基于公司业务发展 及产能建设需要，进一步完善北京区域基础设施布局，推动公司在华北地区资产优化配置，增强核心资 产掌控力。 ...

格隆汇1月9日丨圆通速递(600233.SH)公布，万佳高科系公司控股股东蛟龙集团全资孙公司，其持有位 于顺义区仁和地区杨家营村东的土地。为满足业务发展和经营规划需要，进一步完善北京区域的基础设 施布局，推动公司在华北地区资产的优化配置，圆通有限拟向蛟龙集团子公司圆弘置业购买其持有的万 佳高科100%股权。本次交易价格以北京中同华资产评估有限公司出具的《资产评估报告》（中同华评 报字（2025）第072884号）确定的万佳高科全部权益评估值30,500.00万元为定价依据，经协商交易价格 最终确定为30,500.00万元。 ...

格隆汇1月9日丨圆通速递(600233.SH)公布，万佳高科系公司控股股东蛟龙集团全资孙公司，其持有位 于顺义区仁和地区杨家营村东的土地。为满足业务发展和经营规划需要，进一步完善北京区域的基础设 施布局，推动公司在华北地区资产的优化配置，圆通有限拟向蛟龙集团子公司圆弘置业购买其持有的万 佳高科100%股权。本次交易价格以北京中同华资产评估有限公司出具的《资产评估报告》（中同华评 报字（2025）第072884号）确定的万佳高科全部权益评估值30,500.00万元为定价依据，经协商交易价格 最终确定为30,500.00万元。 ...

每经头条（nbdtoutiao）——20余省份机制电价揭晓！上海比山东高84%，浙江比辽宁高31%⋯⋯专家： 企业用电成本仍有下降空间 每经AI快讯，圆通速递1月9日晚间发布公告称，北京万佳高科科贸发展有限责任公司（以下简称"万佳 高科"或"标的公司"）系公司控股股东上海圆通蛟龙投资发展（集团）有限公司（以下简称"蛟龙集 团"）全资孙公司，其持有位于顺义区仁和地区杨家营村东的土地。为满足业务发展和经营规划需要， 进一步完善北京区域的基础设施布局，推动公司在华北地区资产的优化配置，圆通速递有限公司（以下 简称"圆通有限"）拟向蛟龙集团子公司上海圆弘置业管理有限公司（以下简称"圆弘置业"）购买其持有 的万佳高科100%股权。本次交易价格以《资产评估报告》的评估结果为定价依据，交易对价为 30,500.00万元。 （记者 曾健辉） ...

Core Viewpoint - The national postal conference emphasizes the need to maintain industry safety, address "involution" competition, and mitigate risks in the express delivery sector, which is transitioning from growth to competition among existing players [1] Group 1: Industry Regulations and Standards - The establishment of a minimum delivery fee standard is crucial to protect the basic interests of couriers and stabilize front-end pricing, especially as declining fees threaten the survival of delivery points and service quality [4] - The cancellation of task volume assessments is equally important to support price increases, as ongoing volume assessments pressure delivery points to accept lower fees, risking customer loss if price increases are not unified [6] - The implementation of "penetrating" regulation aims to correct unreasonable management practices, promoting a balance of interests among headquarters, franchisees, and couriers, while optimizing assessment algorithms to ensure fairness and transparency [9] Group 2: Complaint and Appeal Mechanisms - Establishing a clear appeal channel for couriers is essential to protect their rights and improve service quality, as current systems often lead to a cycle of unreasonable penalties and discourage couriers from defending their rights [12] - The need to break the "free shipping" system is highlighted, as it limits consumer choice and contributes to various industry issues, suggesting that a tiered service model could empower both delivery companies and consumers [15]

Core Viewpoint - The implementation of the new VAT law and its regulations starting January 1, 2026, introduces significant changes in how mixed sales are taxed, allowing for a more practical approach to determining applicable tax rates based on the main business activity involved in a taxable transaction [4][5][7]. Summary by Sections VAT Law and Implementation - The new VAT law specifies different tax rates for various sales activities: 13% for general goods, 9% for transportation and construction services, 6% for services and intangible assets, and zero tax for exports. Small-scale taxpayers are subject to a 3% rate [4]. - The law allows businesses to separately account for different sales activities if they are not related, enabling the application of the corresponding tax rate for each [4]. Mixed Sales Definition - The definition of mixed sales has been expanded under the new regulations to include transactions involving multiple tax rates or collection rates, not limited to just goods and services [5][6]. - The new approach emphasizes the main business activity in determining the applicable tax rate, which is seen as more reasonable and operationally feasible compared to previous definitions [5][7]. Practical Implications - The new VAT regulations will have a broad impact across various industries, requiring businesses to reassess their tax rate applications and potentially restructure their business models for compliance [11][12]. - For example, in the renovation industry, if the primary purpose of a transaction is the provision of renovation services, the applicable tax rate would be 9%, even if it includes the sale of materials [11][12]. Future Considerations - Experts suggest that the Ministry of Finance and the State Administration of Taxation should provide clearer guidelines for industries where the distinction between main and ancillary services is not obvious [12]. - There is a call for further simplification of VAT rates to enhance neutrality and streamline the VAT deduction chain, addressing the complexities arising from multiple tax rate options [12].

极兔去年第四季的海外业务增长动力强劲，东南亚及新兴市场表现均超出预期，其中东南亚/新兴市场 分别增长73.6%/增79.7%。主要驱动力来自TikTok Shop加大投资及极兔市占率进一步提升。新兴市场 79.7%的年增长率表现强劲，主要受益于与TikTok Shop及拉美电商平台MELI合作带来的强劲动能。 花旗发布研报称，将极兔速递-W(01519)2025至27年各年盈利预测分别上调2%、5%及3%，并基于海外 动能加速，将估值倍数从先前预测今年市盈率25倍提升至30倍。目标价由12港元上调至15港元，评 级"买入"，维持行业首选股之列。 ...