对于广州做出口生意的老板来说，出口退税绝对是降低成本、增加利润的关键，但很多人一提退税就头疼：流程复杂、资 料繁多、政策不懂，不知道自己的产品能不能退、能退多少，甚至因为操作不当，错过退税期限、多跑冤枉路，白白损失 一笔钱。 今天源沅财管就用最通俗的话，把2026年广州出口退税的核心要点讲透新手也能轻松看懂。 一、什么是出口退税？ 简单来说，出口退税就是国家对出口企业的"福利补贴"——你在广州生产、采购的货物，出口到国外时，国家会退还你之 前缴纳的增值税、消费税等税款，帮你降低出口成本，让你的产品在国际市场上更有竞争力。 重点提醒：不是所有出口货物都能退税，也不是退全部税款，核心看2点：一是货物属于退税范围（常见的服装、电子产 品、日用品等大多可退），二是手续齐全、流程合规，这也是很多企业退税失败的主要原因。 二、出口退税，这3个核心问题必看 不用记复杂政策，搞懂这3个问题，就能避开80%的退税坑，快速入门： 1. 哪些企业/货物能退税？ 广州范围内，有进出口经营权、依法办理税务登记的企业（外贸公司、生产型出口企业等），出口的货物符合国家退税政 策（不属于禁止出口、免税货物），都能申请退税；常见可退税货物：服 ...

近期国际国内黄金价格持续处于高位震荡区间，伦敦金现货围绕5170-5250美元/盎司波动，国内黄金T+D稳定在1140元/克附近，虽偶有回调，但整体韧性十 足。与此同时，国内黄金消费与投资市场同步升温，呈现"双火爆"态势，从线下金店到银行网点，从实物黄金到金融投资产品，全民购金热情高涨，不过业 内对这一态势的可持续性仍存在多元分歧，保持中立观望态度。 消费端来看，黄金消费热度持续攀升，需求结构呈现多元化特征。春节以来，北京菜百、上海老凤祥、深圳水贝等核心市场人气爆棚，深圳水贝客流量同比 增长超30%，不少外省消费者专程前往采购。金店报价普遍站上1560元/克，周大福、周大生等品牌足金价格达1576元/克，但并未抑制消费热情。其中，备 婚刚需带动三金、五金消费稳步增长，高端古法黄金受青睐，同时马年生肖金、小克重金豆、迷你转运珠等产品成为爆款，30岁以下年轻消费者占比超7 成，"月存1克金"成为新型储蓄方式。商家推出的克减、以旧换新等活动，进一步对冲了高价压力，带动消费持续升温。 投资端同样表现活跃，多渠道呈现火爆态势。六大国有银行实物金条长期处于"无现货、需预约"状态，部分网点断货超一个月，10克、20克小克重 ...

Group 1 - The core viewpoint of the articles indicates that Estonia's retail trade sector showed mixed performance in December 2025, with overall sales remaining stable at 1 billion euros year-on-year [1] - In 2025, the total retail trade turnover in Estonia reached 10.8 billion euros, reflecting a year-on-year growth of 2% [2] Group 2 - The turnover of automotive fuel retail businesses increased by 10.2% year-on-year [1] - Specialized stores selling computers and accessories, telecommunications equipment, sports equipment, games, and toys saw a year-on-year turnover growth of 9.1% [1] - Pharmacies and cosmetic stores experienced a year-on-year turnover increase of 1.9% [1] Group 3 - The turnover of second-hand goods and non-store retail (stalls, markets, and direct sales) decreased by 6.1% year-on-year [1] - Stores selling home goods, appliances, hardware, and building materials saw a year-on-year turnover decline of 4.9% [1] - Retail turnover through mail order or internet sales dropped by 4.0% year-on-year [1] - Department stores primarily selling manufactured goods experienced a year-on-year turnover decline of 3.8% [1] - Stores selling textiles, clothing, and footwear saw a year-on-year turnover decrease of 2.4% [1]

Investment Rating - The report gives a "Buy" rating for the company, marking its first coverage [4]. Core Insights - The company is positioned as a leading player in the engineered wood panel industry, benefiting from the growing demand for customized furniture and the shift towards B-end customers [3][4]. - The engineered wood panel market in China is projected to reach a consumption volume of 330 million cubic meters by 2024, with a market size of approximately 725.3 billion yuan [1]. - The company has a strong reputation for environmental sustainability, achieving a formaldehyde release level that is one-third of the industry's highest recognized standard [2]. Summary by Sections Company Overview - The company, 德华兔宝宝装饰新材股份有限公司 (Rabbit Baby), was established in 1992 and is the first listed company in China's decorative panel industry, focusing on decorative materials and customized home furnishings [14]. Market Dynamics - The engineered wood panel industry is entering a mature phase, with significant growth opportunities in specific segments like particleboard, driven by the rapid development of the custom furniture sector [1][40]. - The market is characterized by a high degree of fragmentation, with over 8,600 companies operating in the sector as of the end of 2024 [1]. Environmental Commitment - The company emphasizes its commitment to environmental standards, which has become a primary criterion for consumers when selecting wood panels [2]. Business Strategy - The company is actively transforming its sales channels towards B-end customers, focusing on partnerships with small and medium-sized custom furniture manufacturers to enhance brand differentiation [3]. - The company is also expanding its product offerings to include high-margin auxiliary materials, which are expected to drive revenue growth [4]. Financial Projections - The company is expected to achieve net profits of 764 million yuan, 900 million yuan, and 1.046 billion yuan for the years 2025, 2026, and 2027, respectively, with a projected annual growth rate exceeding 21% [4]. - The company maintains a strong cash flow and generous dividend policy, with a historical dividend payout ratio exceeding 50% [38].

王爷说财经讯：金价上涨的第一批受害者出现！ 你敢信吗？金价真的彻底疯狂了！ 就在今天，2026年1月29日，国际金价像坐了火箭一样，一口气干穿了5500美元大关，盘中甚至摸到了5598美元！ 这是什么概念？ 如果你在两周前还在犹豫要不要买那只金镯子，现在哪怕什么都不干，光是看着价格都要心梗。 发生了什么？ 国内金店的报价单已经红得发紫。周大福、周生生这些大牌，金饰克价直接飙到1700元以上！一夜之间，每克暴涨近百元。 这意味着什么？意味着一对准备结婚的小夫妻，光是买个100克的"五金"，预算凭空就要多出近万元，甚至连婚期都能因为这几万块钱的差价给吵没了！ 这金价，还是我们要买的那个"保值品"吗？还是说，它已经变成了收割普通人钱包的"绞肉机"？ 01、金价上涨的第一批受害者出现：爱情输给了克重？ 广西南宁的那对小情侣，最近成了朋友圈的"谈资"，但更多的是唏嘘。 现在的金价多少？900多元，甚至直奔1000元！ 当初准备的6万块钱，现在连70克黄金都买不到！ 女方急了，主动退让："哪怕买90克也行啊，别误了婚期。" 可男方还在算计："再等等，说不定过完年就回调了。" 这哪里是在等金价回调？这分明是在消耗感情！ 女 ...

Core Insights - The company is focusing on enhancing consumer experience and optimizing product display in its new flagship store to drive high-quality brand development [1][3][4] Group 1: Market Strategy - The chairman emphasized the importance of understanding consumer needs and pain points during discussions with dealers and store managers [3][4] - The company aims to provide high-quality, personalized bathroom solutions while enhancing pre-sale, in-sale, and after-sale service systems to build consumer trust [4][12] Group 2: New Store Concept - The newly opened flagship store in Guangdong Puning features a 350 square meter space that redefines bathroom experience through modern aesthetics and smart technology [7] - The store layout includes experiential design and scenario-based displays, showcasing a variety of products such as smart toilets and bathroom cabinets, catering to every detail of bathroom renovation [7][9] Group 3: Consumer Experience - The store offers a unique shopping experience that combines shopping, relaxation, and immersive consumption, allowing consumers to visualize their ideal bathroom setup [9][12] - The design encourages consumers to engage with products and enjoy a comfortable shopping environment, reflecting the company's commitment to quality and customer satisfaction [9][12] Group 4: Strategic Collaboration - The visit reinforced strategic collaboration with dealers, providing critical decision-making insights for market positioning by 2026 [12] - The company is actively exploring new marketing models and service experiences to adapt to industry changes and achieve breakthroughs [12]

Group 1 - The Shanghai Composite Index rose by 0.14%, while the ChiNext Index increased by 1.01%, driven by gains in the building materials sector, with Jinju Group hitting the daily limit and Dongfang Yuhong rising over 8% [1] - The building materials ETFs, including E Fund and others, saw increases of over 3.8% year-to-date, with E Fund's building materials ETF showing a year-to-date gain of 10.77% [2] - The Ministry of Housing and Urban-Rural Development recently issued guidelines aimed at improving housing quality, targeting significant progress by 2030 in various aspects such as standards, design, materials, and construction [2] Group 2 - According to Shenwan Hongyuan Securities, the real estate chain has been in decline for five years, but there are positive signals emerging. The building materials industry has faced pressures such as demand decline and increased competition, but long-term changes are now visible [3] - The report suggests that the building materials sector is expected to benefit from a recovery in housing demand, particularly in renovation and improvement of living conditions as income expectations improve [3] - Huafu Securities indicates that supply-side reforms and declining interest rates may enhance home-buying willingness, potentially stabilizing the real estate market and boosting demand for building materials [3] Group 3 - Guotai Junan Securities highlights that despite static total physical data showing a year-on-year decline, leading building materials companies have achieved revenue and profit growth through increased market share and expansion into overseas markets [4] - The growth in revenue and profitability is attributed to factors such as material upgrades driven by AI and new energy, as well as the easing of competition [4] - The intrinsic growth potential of leading building materials companies is seen as attractive, with the possibility of significant benefits if macroeconomic expectations improve [4]

Core Viewpoint - China Lesso (2128.HK) has seen a significant increase in stock price, rising 3.96% to HKD 5.25, with a total market capitalization of HKD 16.288 billion, and a cumulative increase of nearly 10% over the last three trading days [1] Group 1: Industry Insights - The consumer building materials sector is experiencing a recovery in revenue and profit margins, with a focus on alpha opportunities [1] - Long-term demand for consumer building materials is stable, with increasing industry concentration and favorable competitive landscape, indicating substantial growth potential for quality leading companies [1] - The real estate sector is still in a bottoming phase, awaiting stabilization in sales; core leading companies exhibit strong operational resilience [1] Group 2: Investment Recommendations - Shanghai Shenwan Hongyuan Securities recommends paying attention to the current real estate chain market, expressing optimism about core consumer building material stocks [1] - By 2026, there is an expectation for improvement in real estate construction starts, with the market having low expectations for this segment; building materials related to waterproofing and plastic pipes are currently undervalued and may outperform under policy catalysts [1] - The demand for home improvement will gradually manifest as income expectations improve, benefiting sectors such as coatings, hardware, tiles, and boards in the later stages of the economic cycle [1]

Group 1 - China Liansu (2128.HK) opened high and rose by 3.96% to HKD 5.25, with a total market capitalization of HKD 16.288 billion, and a cumulative increase of nearly 10% over the last three trading days [1] - GF Securities recently pointed out that leading companies in the consumer building materials industry are seeing a recovery in revenue and profit margins, highlighting the potential for alpha opportunities [1] - The long-term demand stability for consumer building materials, continuous improvement in industry concentration, and favorable competitive landscape indicate significant long-term growth potential for quality leading companies [1] Group 2 - The downstream real estate sector is still bottoming out, awaiting stabilization and improvement in sales; core leading companies exhibit strong operational resilience [1] - Shanghai Shenwan Hongyuan Securities also emphasized the importance of the current real estate chain market, expressing optimism for core consumer building material stocks [1] - Looking ahead to 2026, there is optimism regarding the construction start segment, with market expectations being relatively low; valuations for building materials such as waterproofing and plastic pipes are at relatively low levels, which could lead to performance exceeding expectations under policy catalysts [1] Group 3 - In the medium to long term, the demand for renovation in existing stock is expected to gradually manifest as residents' desire to improve living conditions aligns with income expectations [1] - Subsequent periods for coatings, hardware, tiles, and boards are expected to benefit significantly [1] - Recommended stocks to focus on include Oriental Yuhong, China Liansu, Beixin Building Materials, and Weixing New Materials [1]

Core Insights - In November 2025, the retail trade turnover in Estonia reached €910 million, showing a year-on-year stability [1] Group 1: Retail Performance - The turnover of automotive fuel retail businesses increased by 13% year-on-year [1] - The turnover from second-hand goods and non-store retail (including stalls, markets, and direct sales) rose by 10.3% year-on-year [1] - Specialty stores selling computers and accessories, telecommunications equipment, sports equipment, games, and toys saw an 8% year-on-year increase in turnover [1] - Retail turnover in textile, clothing, and footwear stores grew by 0.5% year-on-year [1] - Conversely, the turnover from mail order or internet retail declined by 9.7% year-on-year [1] - Department stores focused on finished products experienced an 8.3% year-on-year decrease in turnover [1] - Stores selling home goods, appliances, hardware, and building materials saw a 6.4% year-on-year decline in turnover [1] Group 2: Cumulative Retail Data - From January to November 2025, the cumulative turnover of retail trade enterprises in Estonia reached €9.8 billion, reflecting a 2% year-on-year growth [1]