2026年1月20日，玉泽「修屏障 稳到底」新品发布会在金山岭长城脚下举行。在这一承载着中华文明守 护精神的重要地标前，玉泽以"屏障"为核心命题，将皮肤屏障研究、产品创新与文化象征融为一体，完 成了一次兼具科学深度与精神高度的品牌表达。 长城，作为守护疆域与文明的伟大工程，象征着稳固、坚守与延续；皮肤，作为人体最大的器官与第一 道防线，同样承担着抵御外界刺激、维系内在稳定的重要使命。玉泽将新品发布会选址于此，正是希望 通过这一跨越宏观文明与微观生命的隐喻，让"皮肤屏障"这一医学概念，被更直观、更深刻地理解与认 知。 一、玉泽23载笃行医研初心：从"医研长征"到"医研长城" 发布会现场，上海家化董事长兼首席执行官林小海在致辞中表示，长城所代表的守护精神，与上海家化 百余年来始终坚持的匠心与责任高度契合。自1898年创立以来，上海家化始终以匠心为根基，以科研创 新为脉络，守护一代代中国家庭的健康与美丽，而玉泽正是这百年匠心在新时代的延续与创新。 玉泽对皮肤屏障的系统研究始于2003年。彼时，上海家化与上海交通大学医学院附属瑞金医院皮肤科展 开深度医研合作，围绕皮肤屏障这一基础而关键的医学课题持续探索。首款屏障修护 ...

1月16日，NEWty2026天猫超级新品盛典在上海举办。盛典回顾了2025年亮眼新品增长成绩的同时，正 式发布了2026年优质新品扶持核心举措，同时公布涵盖百大年度新品的六大新品奖项，颁发年度商业人 物奖，并特别设立女性专项表彰，联动商业与公益，凝聚行业创新力量。 增长数据印证平台实力，新品驱动品牌增长 天猫作为品牌新品首发第一阵地，增长势能强劲。2025年，超过1600万款优质新品在天猫首发，新品规 模创历史新高，超30000款优质新品成交破百万，数量同比增长35%，新品整体实现34%的成交增长， 充分彰显平台的新品孵化力与增长确定性。 盛典现场，行业标杆品牌们登台分享了独家的新品方法论。阿迪达斯讲述了通过新中式系列与天猫小黑 盒全球首发秀深度联动，实现了"即看即买"的新品爆发，25年销量较前两年增长超25倍。潘婷推出了蕴 含护肤级3A胜肽配方的胜肽泡弹发膜，联合天猫精准触达需求人群，新品上市后1个月内新增人群资产 破1亿，以功效创新与平台人群运营驱动了新品增长。以端侧AI Agent技术赋能创意生态，AMD连续三 年打造以中国文化为内核、AI生成技术载体的大众赛事，借力天猫推动"科技+艺术"新品落地消费 ...

Group 1: AI Industry Insights - Baidu and Tencent are launching cash red envelope promotions to boost AI application usage during the Spring Festival, with Baidu offering 500 million yuan and Tencent 1 billion yuan in total rewards, potentially increasing AI application frequency across the industry [2] - The NAND flash memory prices have surged over 100% in Q1 2026, exceeding market expectations, as Samsung Electronics has completed supply contract negotiations, indicating a strong recovery in the storage industry [3] Group 2: Company Performance Forecasts - Sitway (688213.SH) expects 2025 revenue between 8.8 billion to 9.2 billion yuan, a year-on-year increase of 47% to 54%, with net profit projected at approximately 980 million to 1.03 billion yuan, reflecting a growth of 149% to 162% [4] - Bailong Chuangyuan reported a 2025 revenue of 1.379 billion yuan, up 19.75% year-on-year, and a net profit of 366 million yuan, up 48.94%, driven by product structure optimization and high-margin product prioritization [10] - Qingsong Co. forecasts 2025 revenue of about 2.22 billion yuan, a 14% increase, with net profit expected to grow 1.4 to 2 times, attributed to a strategic focus on high-margin cosmetics ODM business [11] - Rongjie Health anticipates a net profit of 75 to 88 million yuan in 2025, representing a growth of 60% to 88%, driven by the strong performance of health products, particularly high-margin infrared therapy sauna rooms [12]

人民日报海外版记者 严瑜 英国《经济学人》周刊网站有相似的观察。该网站刊文举例称：从瑞典斯德哥尔摩到澳大利亚悉 尼，中国电动汽车悄然驶过；以门店数量计算，中国冰淇淋和冷饮供应商蜜雪冰城已取代麦当劳，成为 全球最大的快餐连锁品牌；中国玩具制造商泡泡玛特推出的玩偶拉布布，创造了堪比迪士尼的轰动效 应……文章标题道明核心观点——《中国品牌正席卷全球，这是好事》。 "无论身处世界哪个角落，你身边的物品很可能产自中国" "如今，人人都想'沾点中国味儿'。"近日，美国《连线》杂志关注到一个有意思的趋势——大众对 中国的态度发生了明显转变。许多美国人，尤其是年轻一代，深深迷上了中国科技、中国品牌和中国城 市，对中国制造产品的消费规模也创下历史新高。 《连线》杂志认为，这一趋势形成的一个原因是"中国制造"已然成为一种日常存在：无论身处世界 哪个角落，你身边的物品很可能产自中国。比如：你的手机、笔记本电脑、扫地机器人，产自中国；你 刷到的热门搞笑段子，源自中国；风靡全球的潮玩拉布布，产自中国；提供电力的太阳能板，产自中 国；2025年在全球最畅销的电动汽车品牌，也源自中国。就连当下最受热议的开源人工智能模型，同样 出自中国。 ...

Summary of Conference Call Company and Industry Overview - **Industry**: Consumer Sector, specifically focusing on the restaurant and jewelry industries - **Companies Discussed**: Haidilao (restaurant), Laopuhuang (jewelry), and Proya (cosmetics) Key Points and Arguments Haidilao 1. **Performance Recovery**: Haidilao's performance is showing signs of stabilization, with a notable recovery in customer turnover rates in Q3 and Q4 of 2025, maintaining an average customer spend of around 100 RMB [2][6] 2. **Management Changes**: The return of Zhang Yong is expected to positively influence the company's operations, although specific growth targets have not been set. The potential for new store openings is contingent on stabilizing turnover rates [3][4] 3. **Brand Expansion**: Haidilao is exploring multi-brand strategies, with new concepts like barbecue and sushi being developed, which could enhance its market presence [4][5] 4. **Market Sentiment**: The overall sentiment in the consumer sector is at a low point, particularly in the Hong Kong market, but there is potential for a rebound due to low expectations and valuations [1][6] 5. **Future Outlook**: For 2026, the revenue forecast is cautiously optimistic, with estimates suggesting a recovery in performance, potentially reaching 4.5 to 4.7 billion RMB [6][7] Laopuhuang 1. **Sales Momentum**: Laopuhuang is experiencing a surge in customer interest, particularly during the Valentine's Day season, with expectations of exceeding previous sales records due to rising gold prices and promotional activities [9][10] 2. **Brand Strength**: The brand's positioning and market presence have strengthened, with significant customer engagement observed during promotional events, indicating a robust demand outlook [11][12] 3. **Pricing Strategy**: There is anticipation of price increases following the Valentine's Day period, which could further enhance sales performance [10][11] 4. **Market Positioning**: Laopuhuang's strategy includes optimizing store locations and expanding its product offerings, which is expected to drive growth in the coming years [12][13] Proya 1. **Valuation and Growth Potential**: Proya is currently undervalued, with a projected earnings multiple of around 15 times for 2026, making it an attractive investment opportunity [19][20] 2. **Management Changes**: Recent leadership changes are expected to bring new strategies and innovations, particularly in product development and market positioning [19][20] 3. **Product Innovation**: The introduction of new product lines, particularly in the skincare segment, is anticipated to capture market share and drive sales growth [20][21] 4. **Acquisition Strategy**: Proya is actively pursuing acquisition opportunities, particularly in the cosmetics sector, to enhance its market presence both domestically and internationally [22][23] Additional Important Insights - **Consumer Sentiment**: The overall consumer sentiment remains cautious, but there are signs of potential recovery in spending, particularly in the restaurant and jewelry sectors [1][6] - **Market Dynamics**: The competitive landscape is evolving, with companies like Haidilao and Laopuhuang adapting their strategies to meet changing consumer preferences and market conditions [4][10] - **Future Monitoring**: Continuous monitoring of market trends and consumer behavior will be essential for assessing the performance of these companies in the upcoming quarters [24]

导读 上市34年首现年度亏损，豫园股份"卖产百亿"难阻盈利滑坡。 更值得警惕的是，这场亏损并非短期波动，而是一场持续三年的盈利滑坡的终局：净利润从2021年的 37.69亿元，断崖式跌至2024年的1.25亿元，再到2025年的全面赤字。为求生路，豫园近年频频"断臂求 生"，三年内出售金徽酒、泰康保险、招金矿业、比利时IGI检测机构乃至日本度假村等资产，回笼资金 超百亿元。然而，卖产止血终究难掩内生动力的枯竭。当"东方生活美学"的宏大叙事撞上消费疲软的现 实，这家承载文化符号的老牌企业，正站在转型的悬崖边上。 主业全线溃退，黄金也难"保值" 豫园股份的前身为上海豫园商场，1992年登陆上交所，是A股市场的老牌上市公司。历经三十余载风 雨，这家公司从最初的传统商业企业，逐步发展为涵盖珠宝时尚、餐饮医药、房地产开发等多元化业务 的大型集团。 豫园的根基，本在黄金珠宝。旗下"老庙黄金"与"亚一金店"合计拥有超4000家门店，曾是其最稳定的利 润来源。但2025年，这一支柱轰然松动：珠宝时尚板块营收同比下降31.86%。 表面看，国际金价剧烈震荡是诱因——2025年金价一度突破每盎司2800美元，消费者持币观望情绪浓 ...

Key Insights - The report highlights the continued rise in cobalt prices, driven by lower-than-expected export progress from the Democratic Republic of Congo, with Q1 2026 cobalt prices closely linked to export rates [3] - Lithium prices are expected to rise due to new supply-side policies, with short-term fluctuations anticipated after the end of current disruptions [3] - The molybdenum market is stable, with steady bidding from major steel mills and slight inventory reductions in downstream stainless steel [3] - The construction materials sector shows significant earnings and valuation elasticity, particularly in consumer building materials, with many companies expected to improve profitability in 2026 due to raw material benefits and structural adjustments [3] - The media sector is experiencing rapid advancements in domestic AI models, with recommendations to focus on specific companies around the Chinese New Year [3] - In retail, the industry is shifting from "adjusting inputs" to "delivering results," with improvements in same-store sales and customer traffic expected to enhance profit margins [3] - The jewelry market is seeing high gold prices, which may impact consumer sentiment, but the traditional peak sales season in Q1 is expected to drive strong terminal sales [3] - The tourism sector is focusing on winter sports themes, with a longer Chinese New Year holiday in 2026, creating opportunities for mid- to long-term travel destinations [3]

这家2018年落户奉贤的德资企业，在最近的智造空间项目建设中，深切感受到了奉贤区经委"想在前、做在先"的精准服务。从项目初期的政策 提醒、资格指导，到申请过程中的细致梳理，直至最终落地放款的全流程专业辅导，每一步都有经委团队的耐心陪伴与支持。 这正是奉贤区经委创新服务机制、优化营商环境的生动缩影。2022年，上海市奉贤区经济委员会曾荣获全国"人民满意的公务员集体"称号。智 通财经（www.thepaper.cn）记者从奉贤区经委获悉，"十四五"期间，奉贤区始终坚守实体经济根基，工业增加值占GDP比重持续稳定在50%以 上，规模以上工业产值提前三年完成"十四五"设定的2500亿元目标。专精特新企业培育成果丰硕，现有市级专精特新企业达到995家，是"十三 五"末的近5倍，展现出强劲的发展韧性与创新活力。 "从项目洽谈到投产运营，区经委的服务就像企业的'专属导航'，让我们在奉贤的每一步都走得稳健踏实。"易格斯（上海）拖链系统有限公司 总经理毛建军的这番话，是众多在上海奉贤生长的企业的心声。 奉贤区专精特新"小巨人"企业走访座谈。本文图片均为 受访者供图 全周期护航，提供精准服务 在奉贤区，一套覆盖企业全生命周期的" ...

（来源：中国消费者报） 图：冬季可选择质地厚润、渗透性好的身体霜。 资料图片 随着全国大部分地区进入严寒模式，气温持续走低，空气湿度骤降。在这种气候条件下，越来越多的消 费者开始遭受皮肤干燥、起皮、瘙痒乃至敏感泛红的困扰。如何科学应对冬季皮肤问题、选择合适的身 体护理产品，成为当下消费者关注的焦点。 低温低湿的气候会让皮肤水分加速向空气中逸散。与夏天相比，冬天皮肤的代谢功能下降，皮脂腺分泌 随之减少，导致皮肤缺油，让皮肤自身的"锁水膜"变薄，油脂和水分双重流失。再加上冬季过度取暖、 清洁方式不当等生活习惯，进一步加剧皮肤屏障损伤，最终引发干燥、脱屑甚至敏感泛红等问题。 在应对皮肤干痒时，不少人会陷入护理误区，让问题雪上加霜：一是热水烫洗，高温虽能暂时止痒，却 会加速皮肤水分流失，破坏皮脂膜；二是频繁抓挠，易划伤皮肤引发感染，还会形成"越挠越痒"的恶性 循环；三是忽视身体护理，只给面部涂保湿霜，殊不知身体皮肤的锁水能力更弱，更需要专用护理产品 的滋润。 专家指出，沐浴后的3分钟—5分钟是护肤的"黄金期"。此时皮肤角质层含水量较高，及时涂抹具有修护 功能的保湿产品，能最大程度地将水分锁在皮肤内，并补充细胞间脂质加 ...

近日，北京市石景山区市场监管局聚焦礼盒、茶叶、保健食品、化妆品等重点品类，开展过度包装规范整治行动。本次行动以 大型商超等为重点场所，现场核查商品包装是否符合国家标准，严厉查处包装层数超标、空隙率过高、包装成本与销售价格比 例失衡等违法行为。 本报记者董芳忠摄影报道 （来源：中国消费者报） ...