11月25日，来自俄罗斯、德国、意大利、澳大利亚等9个国家的9位外籍专家，走进西咸新区空港新城的陕 西星空跨境供应链管理有限公司，深度考察空港综合保税区的跨境服务生态，并围绕智慧仓储、国际通道 协同、"一带一路"市场共建拓展等核心议题展开交流，为西安跨境电商高质量发展注入国际动能。 陕西星空跨境供应链管理有限公司保税仓货架 飞机低空飞过，来自日韩、欧洲的美瞳、奶粉、保健品、母婴产品、美妆产品等进口商品落地西咸新区空 港新城，分门别类地陈列在8000平米的保税仓内。业务足迹不断扩大的星空跨境，是西北地区最大的跨境 电商保税仓储服务商，也是陕西省跨境电商保税备货进口服务龙头企业之一。 "中国是一个大市场，我希望能在中国越来越多的地方看到阿拉伯国家的产品，并被更多中国消费者熟知 与喜爱。"在陕西星空跨境供应链管理有限公司调研参观时，目睹园区内汇集的世界各地特色产品，约旦 塔拉勒・阿布各扎拉全球集团亚太总裁、国际中心主任韩达深有感触地表示。 外籍专家们实地探访了该公司1.5万平方米的高标准保税仓，详细了解恒温仓储、智能分拣等设施，以及 WMS（仓储管理系统）、OMS（订单管理系统）的系统集成应用情况，对其日处理3万单 ...

从品牌与产品实力来看，快乐为民优势突出。作为有名的便利店品牌，其经营的商品类型极为丰富，涵 盖轻食产品、自助咖啡、进口产品、母婴产品、时尚百货、日常保健和美妆产品等，能全方位满足消费 者一站式购买需求。而且产品价格实惠，高性价比不仅赢得广大消费者青睐，更让门店拥有稳定客流与 营收基础。同时，品牌打破传统客商关系，以"互联网+会员制"实现线上线下双线对接，满足不同消费 需求，进一步提升客户黏性。 不少创业者好奇，快乐为民新型无人便利店怎么样?现在可以加盟吗?答案很明确：这是一家综合实力强 劲的可加盟品牌，凭借丰富产品、创新模式与完善扶持，为创业者铺就了优质的创富之路。 关于加盟，快乐为民目前正在开放加盟，但需满足基础条件：创业者需有10万元以上开店资金，用于缴 纳加盟费、店面租金及商品采购等。同时需在当地拥有固定经营场所，门店规模至少50平方米。满足条 件后，创业者就能享受总部"保姆式"扶持：不仅提供统一商品供货支持，涵盖日用品、生鲜产品等，去 除中间商环节提升收银空间。还会协助寻找合适门店位置，详细分析当地消费习惯与竞争对手分布，让 创业者轻松开启经营。 如今便利店行业新颖品牌辈出，而快乐为民新型无人便利店凭 ...

11月20日，上海家化盘中下跌2.00%，截至10:50，报23.52元/股，成交5148.89万元，换手率0.32%，总 市值158.11亿元。 责任编辑：小浪快报 今年以来上海家化已经1次登上龙虎榜，最近一次登上龙虎榜为10月28日，当日龙虎榜净买入-1.80亿 元；买入总计1.77亿元 ，占总成交额比23.40%；卖出总计3.57亿元 ，占总成交额比47.15%。 资料显示，上海家化联合股份有限公司位于上海市虹口区东长治路399号双狮汇大厦A座11F，成立日期 1995年12月1日，上市日期2001年3月15日，公司主营业务涉及护肤、个护家清、母婴产品的研发、生产 和销售。主营业务收入构成为：个护45.70%，美妆21.48%，海外20.20%，创新12.55%，其他0.04%，租 赁0.02%，销售材料0.02%。 上海家化所属申万行业为：美容护理-化妆品-品牌化妆品。所属概念板块包括：化妆品、MSCI中国、 多胎概念、融资融券、中盘等。 截至9月30日，上海家化股东户数2.96万，较上期减少21.58%；人均流通股22704股，较上期增加 27.52%。2025年1月-9月，上海家化实现营业收入49 ...

Core Insights - The 17th "Double Eleven" event concluded with a total online sales figure of 1.695 trillion yuan, reflecting a year-on-year growth of 14.2%, although the growth rate has slightly declined compared to previous years [1] - Consumer behavior has shifted from impulsive buying driven by low prices to more rational spending, focusing on the overall value and service quality [2][3] - E-commerce platforms are now competing on reliability and service rather than just price, indicating a maturation of the consumer market [8] Consumer Psychology Shift - The traditional urgency associated with "Double Eleven" has diminished, leading to a more extended promotional period across platforms, allowing consumers to make more thoughtful purchasing decisions [2] - Consumers are increasingly considering factors such as comprehensive costs, service quality, and after-sales support rather than just price [2][3] Platform Competition Dynamics - E-commerce platforms like Tmall and JD.com are emphasizing price stability and product authenticity, with new initiatives such as price protection mechanisms and integrated delivery services [3] - The average transaction value on platforms has increased, with significant sales in durable goods, reflecting a consumer preference for quality and long-term value [3][5] Changes in Consumption Structure - Home appliances lead the sales categories with a 16.5% market share, followed closely by mobile devices and clothing, indicating a trend towards durable goods [5] - Instant retail has seen a significant rise, with sales reaching 67 billion yuan, a year-on-year increase of 138.4%, while community group buying has declined by 35.3% [5][6] Value Transformation of "Double Eleven" - The focus has shifted from price competition to reliability and trustworthiness, with consumers prioritizing after-sales service and product quality [7][8] - The overall sales performance this year has been stable compared to last year, with some categories experiencing slight declines, highlighting the need for the industry to reassess promotional strategies [7][8]

辛选双十一31名主播参与直播，初瑞雪用实力证明团队韧性 这个双十一，辛选直播间销售额依旧有着爆发增长，尤其在初瑞雪的带动下，腰部主播销售额同比增长 29.68%。有粉丝在直播间及视频下留言："不愧是辛选，不愧是初瑞雪，真争气！"更有网友在社交媒体 上感叹："没想到，今年双十一让我感触最深的不是传统大牌的破价，而是辛选团队的这波新表 现！""团结一心的辛选似乎更有魅力了。"在这场电商持久战中，辛选对用户的坦诚相待加上供应链优 势让人难以忽视，初瑞雪用实打实的成绩，为团队赢得了更多信任。 可圈可点：初瑞雪接管后为辛选带来新亮点 初瑞雪用成绩打脸质疑，辛选团队实现完美蜕变 辛巴的退出，曾让外界对辛选未来的业绩表示担忧。然而，初瑞雪用时间给出了答案：据统计，双十一 期间，辛选有10场直播销售额破亿，累计观看人数突破5亿，其中，初瑞雪直播6场，单场最高总人气突 破4600万，最终实现超3000万单商品成交。这份答卷在全行业来说，都是亮眼的存在。她的表现不仅撑 起了辛选的"业绩"，更转化为一种令人惊叹的"圈粉"效应。从直播间爆棚的流量到粉丝的热情支持，初 瑞雪的接棒表现，无疑是用行动证明了：只要初瑞雪在，辛选依然能成为双 ...

Core Viewpoint - Shanghai Jahwa's stock price has experienced fluctuations, with a year-to-date increase of 41.13% but a recent decline in the last five and twenty trading days [1] Group 1: Stock Performance - On November 6, Shanghai Jahwa's stock fell by 2.02%, trading at 23.81 CNY per share with a total market capitalization of 16.006 billion CNY [1] - The stock has seen a net outflow of 2.7626 million CNY from main funds, with significant selling pressure in large orders [1] - Year-to-date, the stock has risen by 41.13%, but it has decreased by 3.91% in the last five trading days and 4.99% in the last twenty days [1] Group 2: Company Overview - Shanghai Jahwa, established on December 1, 1995, and listed on March 15, 2001, specializes in the research, production, and sales of skincare, personal care, and maternal and infant products [2] - The company's revenue composition includes personal care (45.70%), beauty (21.48%), overseas sales (20.20%), innovation (12.55%), and other segments [2] - As of September 30, 2025, the company reported a revenue of 4.961 billion CNY, a year-on-year increase of 10.83%, and a net profit of 405 million CNY, reflecting a significant growth of 149.12% [2] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 21.58% to 29,600, while the average circulating shares per person increased by 27.52% to 22,704 shares [2] - The company has distributed a total of 3.595 billion CNY in dividends since its A-share listing, with 344 million CNY distributed in the last three years [3] - Hong Kong Central Clearing Limited is the second-largest circulating shareholder, increasing its holdings by 3.7706 million shares [3]

Core Insights - The 2025 Tmall "Double 11" pre-sale event commenced with impressive results, showcasing strong consumer engagement and market vitality [1][6] - In the first hour, 35 brands surpassed 100 million yuan in sales, and 1802 brands experienced year-on-year sales growth, indicating a significant increase in active users compared to the previous year [1][6] E-commerce Performance - Taobao Live emerged as a highlight during the pre-sale, with the number of users placing deposits showing double-digit growth and the number of live streams exceeding last year's figures [3][4] - Li Jiaqi's live stream was particularly notable, achieving remarkable sales figures and visitor growth of over 45%, reflecting strong consumer interest and a solid fan base in the beauty sector [4][5] Category Highlights - Key categories such as beauty, maternal and infant products, fashion, and food performed exceptionally well, with beauty products seeing growth of nearly 80% [5][6] - International and high-quality domestic beauty brands were prominently featured, catering to diverse consumer needs [5][6] Domestic Brand Performance - Domestic brands demonstrated strong market competitiveness, gaining widespread recognition and preference among consumers due to their high quality and cost-effectiveness [6] - The success of domestic brands during the Tmall "Double 11" pre-sale is expected to drive their future growth and enhance brand development [6]

Group 1: Event Overview - The 8th China International Import Expo (CIIE) will be held in Shanghai from November 5 to 10, showcasing Nanjing's high-level openness through various activities including trade exchanges and cultural interactions [1][2] - Nanjing will host the first "China Nanjing - Germany Stuttgart" twin city exhibition at the CIIE, marking a unique city-themed collaboration in the national exhibition [2] Group 2: Economic and Trade Cooperation - The twin city exhibition will focus on four main areas: city image, industrial cooperation, technological innovation, and cultural exchange, highlighting the achievements of both cities in these domains [2] - Nanjing and Stuttgart have been cooperating for 30 years, with expectations to deepen local cooperation and share successful experiences through the CIIE platform [2] Group 3: International Procurement - Jiangsu Amia Investment Co., Ltd. has been a regular participant in the CIIE, planning to continue purchasing high-quality foreign beef to enrich domestic consumer markets [3] - Last year, the Nanjing trading group achieved a transaction volume of $8.69 billion at the CIIE, indicating strong procurement capabilities [3] Group 4: Product Categories and Trends - Various companies from Nanjing are preparing to procure a wide range of products, including imported pork, nutritional supplements, mining equipment, and beauty products, reflecting new consumer trends [3][4] - The CIIE will feature a procurement corridor to enhance supply-demand matching and facilitate effective negotiations between exhibitors and buyers [4] Group 5: Cultural Exchange and Innovation - The Jiangsu cultural exchange exhibition area will showcase over 200 innovative products from 55 outstanding companies, including traditional crafts and new product launches from Nanjing's time-honored brands [5][6] - Notable products include the global debut of the "Dragon Soaring and Horse Galloping" silk piece, which combines traditional techniques with modern materials [5]

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for the stock's performance in the next six months [6]. Core Insights - The company has demonstrated stable revenue and profit growth, with a revenue of 2.438 billion yuan in Q3 2025, representing a 7.03% increase year-on-year, and a net profit of 66 million yuan, up 28.13% [1]. - For the first three quarters of 2025, the company achieved a total revenue of 7.349 billion yuan, an 8.10% increase, and a net profit of 209 million yuan, reflecting a significant 59.29% growth [1]. - The company is actively expanding its franchise business, adding over 200 new franchise stores and achieving a 62% increase in daily sales for selected stores [2]. - The company is innovating its business model by integrating new consumption trends and digital initiatives, such as local live streaming, which has attracted 390,000 new customers [2]. - The company has completed the consolidation of its beauty business, which is expected to provide stable profits and support international expansion [3]. - The company plans to issue H shares to further its international strategy, which could enhance its overseas business growth [3]. Financial Summary - The company forecasts revenue growth from 10.35 billion yuan in 2025 to 14.45 billion yuan in 2027, with corresponding net profits expected to rise from 320 million yuan to 708 million yuan during the same period [4]. - The projected P/E ratios are 42.53 for 2025, decreasing to 19.21 by 2027, indicating improving valuation metrics over time [4]. - The net profit margin is expected to increase from 3.1% in 2024 to 4.9% in 2027, reflecting enhanced profitability [4].

Core Insights - The core focus of the news is the launch of Li Jiaqi's live streaming "Double Eleven Classroom," aimed at educating consumers about product usage and shopping strategies ahead of the annual Double Eleven shopping festival [1][5]. Summary by Sections Structure of the Classroom - The classroom is organized into three main segments: "Misconception Self-Test," "Practical Learning," and "Post-Class Practice," designed to help consumers identify common product usage misconceptions and enhance their beauty knowledge [3][4]. - The "Misconception Self-Test" segment aims to reduce blind consumption risks by helping viewers discern common product usage errors [3]. - The "Practical Learning" section covers various beauty needs, including skincare steps, anti-aging, acne treatment, and makeup techniques, providing a one-stop solution for different skin types [4]. Content and Coverage - The classroom introduces a new entry-level course titled "Beauty Subject One," targeting different skin types such as dry, oily, sensitive, and acne-prone skin, guiding consumers on how to scientifically select suitable skincare products [4]. - The content extends beyond beauty to include skincare, maternal and infant care, trendy home decor, and pet products, aiming to meet diverse shopping needs for all women [4]. Interaction and Incentives - An interactive "6+1" online Q&A format is implemented, consisting of six specialized beauty courses and one session for selected questions, systematically assisting viewers with product pairing [4]. - The classroom features an online quiz where participants can win no-threshold red envelopes, enhancing engagement and helping consumers understand the Double Eleven discount rules in a fun atmosphere [4][5]. Overall Impact - The Double Eleven Classroom serves as a practical learning platform, guiding consumers to plan their shopping lists more rationally and efficiently before the promotional event [5].