证券日报网讯 2月26日，上海家化在互动平台回答投资者提问时表示，公司有1个财务共享中心，建立 于2016年。财务共享中心构建以SAPERP系统为核算中枢，深度耦合OA自动化办公平台，实现费用全 流程闭环管控。引入OCR智能识别、任务池智能派单、RPA智能审单、资金收付银企直连，以及财务全 域电子档案自动化管理等。 （文章来源：证券日报） ...

证券日报网讯2月26日，上海家化（600315）在互动平台回答投资者提问时表示，截至2025年9月30日， 公司普通股股东总数为29608户。 ...

上海家化（600315.SH）2月26日在投资者互动平台表示，公司有1个财务共享中心，建立于2016年。财 务共享中心构建以SAP ERP系统为核算中枢，深度耦合OA自动化办公平台，实现费用全流程闭环管 控。引入OCR智能识别、任务池智能派单、RPA智能审单、资金收付银企直连，以及财务全域电子档案 自动化管理等。 每经AI快讯，有投资者在投资者互动平台提问：尊敬的董秘，您好！ 1、请问贵公司是否已经建立财务 共享中心？哪年建立的？ 2、财务共享中心在技术上采用了哪些自动化或智能化工具？数字化程度按照 0-10打分得几分？ 3、财务共享中心的数量有几个？这些中心的设立是基于地理区域划分，还是按业务 板块划分？ （记者 张明双） ...

美容护理行业 买入 （首次） 母婴赛道新声，润物生长 润本股份（603193）深度报告 2026年2月25日 魏红梅 SAC执业证书编号： S0340513040002 电话：0769-22119462 邮箱：whm2@dgzq.com.cn 研究助理：陈姿倩 SAC执业证书编号： S0340125070028 电话：0769-22119430 邮箱chenziqian@dgzq.com.cn | 主要数据 2026年2月24日 | | | --- | --- | | 收盘价(元) | 23.44 | | 总市值（亿元） | 93.84 | | 总股本(亿股) | 4.05 | | 流通股本(亿股) | 1.03 | | ROE（TTM） | 14.05% | | 12月最高价(元) | 43.43 | | 12月最低价(元) | 23.20 | 股价走势 资料来源：东莞证券研究所，ifind 相关报告 投资要点： ◼ 风险提示。市场竞争风险、投流税政策变化风险、新品推广不及预 期风险、产品质量与合规风险。 本报告的风险等级为中风险。 本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断 ...

Core Viewpoint - The event "Guang Goods Going Global: Zhongshan Department Store Enters Shenzhen" aims to enhance trade and consumption between Zhongshan and Shenzhen, showcasing quality products and promoting regional economic integration in the Greater Bay Area [1][2][6]. Group 1: Event Overview - The event took place on February 7 for two days in Shenzhen's Bao'an District, featuring a variety of quality products from Zhongshan, including participation from local companies like Haolai Toothpaste [1][5]. - The atmosphere at the event was lively, with many citizens attending and various Zhongshan products displayed, marking a significant step in the integration of Shenzhen and Zhongshan [2][5]. Group 2: Marketing and Promotion Strategy - The organizers employed an innovative model combining online and offline engagement, utilizing platforms like Alibaba and Douyin, and involving local influencers to create a comprehensive marketing matrix [5]. - The event featured immersive exhibition spaces and interactive elements such as non-heritage performances and live-streaming sales, creating a seamless shopping experience for consumers [5]. Group 3: Economic Impact - The event serves as a practical implementation of the "Guang Goods Going Global" initiative, facilitating resource sharing and complementing advantages between Zhongshan and Shenzhen [6]. - It aims to stimulate local consumption, expand market channels for Zhongshan enterprises, and contribute to the high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area [6].

Group 1 - The sixth China International Consumer Products Expo (CICPE) will be held from April 13 to 18, 2024, at the Hainan International Convention and Exhibition Center, with several international companies confirming their participation [1] - Volkswagen Group will showcase multiple brands including Volkswagen, Bentley, Lamborghini, and Audi, aiming to deepen connections with Chinese consumers and expand its market presence [1] - L'Oréal Group, a leading global beauty company, has confirmed its participation, focusing on enhancing interactions with the Chinese market and exploring innovative retail models [3] Group 2 - OSIM, a high-end health lifestyle brand from Singapore, will participate for the sixth consecutive year, highlighting its deep connection with Chinese consumers and the importance of the Chinese market for its global development [3] - SK-II, a premium skincare brand under Procter & Gamble, will debut as an independent exhibitor at the expo, emphasizing its commitment to the Chinese market and the demand for high-end skincare solutions [4] - The CICPE is recognized as the largest consumer goods exhibition in the Asia-Pacific region, providing a significant platform for brands to showcase their strengths and enhance market communication [4]

过去一年，关于消费的讨论几乎都围绕着一个关键词展开：谨慎。 但在中国市场，春节往往会有一些"新气象"。根据国家统计局数据显示，2025年春节期间(1-2月)，粮油 食品类消费同比增长11.5%；化妆品、金银珠宝类增速环比显著改善，化妆品类增速由负转正至 +4.4%，金银珠宝类回升6.4个百分点至+5.4%。 春节增长的背后，本质上是"年货"意义正在发生变化。如今，除了吃什么、穿什么，如何"记录、分享 与表达"也已成为过年体验不可或缺的一部分。 巨量引擎数据显示，截至2026年2月10日，抖音#过年 话题播放量已达1920.8亿次，#春节 话题播放量达 815.7亿次；去年春节期间更是成为平台全年内容互动的高峰时段，#晒出我家年夜饭 话题的UGC发布 量高达日常的2倍，话题播放量达3.4亿。 而随着这股"新年味"在抖音中持续被记录、放大，也逐步影响了人们的春节消费习惯。抖音电商数据显 示，今年年货节期间，年夜饭相关产品销售额同比增长92％，新中式服装订单量同比增长66%，擦窗机 器人订单量同比增长209%，洗地机订单量同比增长101%，宠物相关用品成交额同比增长83%。这股充 满烟火气的消费情绪，在今年春节正进 ...

Core Viewpoint - Unilever aims to become a more streamlined, agile company by 2025, focusing on sales growth, a strong product portfolio, and robust profit margins [3] Financial Performance - In 2025, Unilever reported a revenue of €50.5 billion, with an underlying sales growth (USG) of 3.5% and a volume growth of 1.5% [4][5] - The overall revenue decreased by 3.8% due to negative factors such as euro exchange rates, but the continuous growth in underlying sales indicates a healthier and more competitive Unilever [5] - The underlying operating profit was €10.1 billion, reflecting a slight decrease of 1.1%, while the operating profit increased by 2.4% to €9.0 billion [10] Segment Performance - The Beauty & Wellbeing segment achieved a sales growth of 4.3%, driven by strong performances from brands like Vaseline and Dove, which saw double-digit growth [11] - Personal Care segment reported a 4.7% sales growth, with volume growth of 1.1% and price growth of 3.6% [11] - Home Care and Foods segments experienced lower sales growth, with Home Care at 2.6% and Foods at 2.5% [10] Brand Strategy - Unilever's 30 core brands, termed "Power Brands," contributed 78% of total revenue, with a sales growth of 2.2% [9] - The company plans to invest 100% of its new BMI into the development of these Power Brands, reflecting a strategic focus on high-growth areas [9] Regional Insights - Asia-Pacific and North America are the largest markets for Unilever, contributing over 80% of total revenue, with Asia-Pacific showing a 4.6% sales growth [12][15] - The North American market performed particularly well, achieving a 5.3% growth, driven by a premium product mix [15] - In China, the overall sales remained flat, but beauty and personal care segments are entering a growth phase due to strategic adjustments [17][21] Strategic Initiatives - Unilever is focusing on high-end product innovation and market expansion in China, with significant investments in e-commerce and product development tailored to local preferences [20][18] - The company has implemented a "sell old, buy new" strategy, divesting from underperforming assets while investing in high-growth categories like beauty and personal care [26] - Unilever's management is enhancing operational efficiency and adapting to AI-driven innovations to accelerate product development and market responsiveness [27][28] Future Outlook - For 2026, Unilever anticipates a basic sales growth of 4% to 6%, with a minimum volume growth of 2% and a slight improvement in profit margins [29] - The company is committed to maintaining a focus on high-growth markets and digital commerce, particularly in the U.S. and India, to counterbalance market slowdowns [29]

经济观察网根据最新财报数据和市场表现，联合利华(UL.N)股价在2026年2月13日创下历史新高的原因 可归纳为以下几点： 业绩经营情况 第四季度增长加速：2025年第四季度基础销售额增长达4.2%，高于市场预期的4%，销量增长2.1%、价 格增长2.0%，显示增长质量改善。 盈利能力提升：全年营业利润同比增长2.4%至90亿欧元，净利润同比增长2.9%至62亿欧元，利润率保 持稳定。 公司最新估值 高增长业务驱动：美容与健康、个人护理板块全年基础销售额分别增长4.3%和4.7%，贡献超50%营收， 成为核心引擎。 截至2月13日收盘，联合利华股价报74.18美元，当日上涨0.98%，近5日累计上涨2.86%，跑赢同期纳斯 达克指数(-1.98%)。当前市盈率(TTM)为14.61，股息率达3.06%，估值水平相对合理。 战略推进 联合利华股价创新高主要受四季度业绩超预期、高增长板块持续发力、中国市场改善迹象以及积极的股 东回报计划共同推动。战略聚焦美妆个护的转型成效逐步兑现，增强了市场信心。 业务聚焦：冰淇淋业务已于2025年12月完成分拆，集团资源进一步向高毛利的美妆个护领域倾斜，品牌 组合优化15%。 ...

Core Insights - Unilever reported a revenue of €50.5 billion for 2025, a year-on-year decline of 3.8%, while net profit increased by 2.9% to €6.2 billion [1] Business Performance - Beauty and wellness segment saw a base sales growth of 4.3% [1] - Personal care segment experienced a base sales growth of 4.7% [1] - Home care and food segments had base sales growth of 2.6% and 2.5% respectively [1] Market Dynamics - Growth in the Chinese market was primarily driven by the beauty and wellness, and personal care segments [1] - Strategies such as market expansion and acceleration of premiumization supported performance improvement [1] Future Outlook - Unilever anticipates a base sales growth rate of 4%-6% for 2026, with a minimum base volume growth of 2% [1] - The company expects a slight improvement in base operating profit margin [1]