Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [4] Core Views - The current demand in the e-commerce express delivery industry is resilient, and the top-down "anti-involution" is driving up express prices, releasing profit elasticity for companies, indicating a favorable long-term competitive opportunity for e-commerce express delivery [17] - The oil transportation market may see a significant price increase due to escalating conflicts in the Middle East, which could limit Iranian oil exports [5] - The shipping market is expected to benefit from OPEC+ production increases and the Federal Reserve's interest rate cuts, enhancing the elasticity of VLCC freight rates [17] Industry Dynamics Tracking Shipping and Ports - The SCFI comprehensive freight index increased by 6.5% week-on-week to 1333 points, with notable increases in shipping rates to Europe, the Mediterranean, and the US [5] - The BDTI index for crude oil shipping rose by 6.47% to 1870 points, with VLCC TCE increasing by 30.2% [6] - The BCTI index for refined oil shipping increased by 3.3% to 838 points, with significant rises in rates for LR1 and MR vessels [6] - The BDI index for bulk carriers rose by 2.7% to 2120 points, indicating a positive trend in bulk shipping rates [6] - New ship prices have generally decreased, with the new ship price index down by 0.57 points to 182.15 points [6] Express Logistics - The Zhejiang Postal Administration has outlined nine key tasks for 2026, focusing on maintaining fair competition and enhancing service quality in the express delivery sector [9] - During the Spring Festival, the express delivery volume in Yiwu reached a historical high of 56.3 million packages in a single day, with a year-on-year growth of 10% in package volume [10] - Shentong Express emphasized the role of AI in operations, aiming for a collaborative strategy focused on experience, market share, and profit [11] Aviation and Airports - During the 2026 Spring Festival holiday, civil aviation transported 22.05 million passengers, a year-on-year increase of 7.7% [13] - The number of inbound foreign tourists increased by 49.5% in 2025, indicating a recovery in international travel [14] Road and Rail - National logistics operations were orderly from February 16 to February 22, with rail freight down by 10.72% and highway freight traffic down by 70.59% [16] Sub-industry Data Tracking Express Logistics - In December 2025, the national express service volume reached 18.21 billion pieces, a year-on-year increase of 2.3% [26] - In January 2026, YTO Express achieved a business volume of 2.943 billion pieces, a year-on-year increase of 29.75% [33] Shipping - The Clarksons comprehensive freight rate was $37,591 per day, a week-on-week increase of 10.37% [49] - The BDI index for bulk shipping rose by 2.70% [49] Aviation - In January 2026, civil aviation completed a passenger transport volume of approximately 63 million, a year-on-year decrease of 2.9% [59] Ports - From February 16 to February 22, 2026, China's port cargo throughput was 187.61 million tons, a week-on-week decrease of 21.75% [80]

来源：新浪财经-鹰眼工作室 国家药品监督管理局药品审评中心数据显示，2026年2月26日，宜昌东阳光长江药业股份有限公司的艾 拉莫德片申请已获受理，受理号为CYHS2600536。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 受理号CYHS2600536药品名称艾拉莫德片药品类型化药申请类型仿制注册分类4企业名称宜昌东阳光长 江药业股份有限公司;宜昌东阳光长江药业股份有限公司;承办日期2026年2月26日 天眼查数据显示，宜昌东阳光长江药业股份有限公司成立日期2001年08月08日，法定代表人唐新发，所 属行业为化学药品原料药制造，企业类型为股份有限公司(台港澳与境内合资、上市)，企业规模为大 型，参保人数4093，注册资本87996.77万人民币，实缴资本45082.285万人民币，注册地址为湖北省宜昌 宜都市滨江路38号。股东信息如下： 股东名称持股比例认缴出资额认缴出资日期首次持股日期广东东阳光药业股份有限公司 25.71% ...

Core Viewpoint - Dongyangguang Pharmaceutical announced that the CDE has officially accepted the clinical trial application for the monoclonal antibody drug HEC-648, targeting the Nipah virus G protein, with Phase I clinical research expected to start in 2026 [1] Group 1 - The drug HEC-648 is a fully human monoclonal antibody targeting the Nipah virus G protein [1] - The development of HEC-648 is based on research outcomes from the Wuhan Institute of Virology, Chinese Academy of Sciences [1] - In late 2023, the company signed a cooperation agreement with the Wuhan Institute of Virology to develop HEC-648 as a Class 1 innovative drug [1]

◎记者 李苑 王乔琪 刘暄 就业是经济的晴雨表，也是社会的稳定器。马年开工首周，上海证券报记者在多地采访发现，企业抓紧 招揽所需人才、求职者寻岗位提技能，呈现出人勤春来早、供需同发力的繁忙景象。同时，地方政府通 过打好一揽子稳岗送工"组合拳"，全力推动就业实现"开局稳"。 多措并举稳岗拓岗 从高校到产业园区，从商圈到夜市，从火车站、地铁站到小区、街道……上海证券报记者近日注意到， 各地"花式"举办各类招聘活动，将服务拓展至百姓身边。 "今年学校举办寒假暖心促就业线上双选会，同步依托24365就业平台、学校就业信息网及微信公众号等 多渠道精准推送岗位信息，打破时空限制，确保寒假就业服务'不断线'，为毕业生搭建高效求职对接桥 梁。"长春工业大学招生就业处处长付宏波对上海证券报记者表示。 为确保节后顺利复工复产，贵州、宁夏等劳动力输出大省近日还陆续开出"点对点"务工列车、包车，搭 载务工人员前往浙江、广东等用工大省。 对外经济贸易大学国家对外开放研究院研究员李长安对上海证券报记者表示，从今年开春劳动力市场的 情况来看，呈现出供需两旺的态势：一方面，企业趁着春节期间，对全年劳动力市场进行部署和调整， 一些企业抓紧抢订 ...

Group 1 - The core point of the article is that Novo Nordisk's experimental obesity drug, developed in collaboration with China's United Laboratories International Holdings, has shown effectiveness in aiding weight loss during a midstage clinical trial conducted in China [1]

Investment Rating - The report maintains a "Recommend" rating for the aviation sector, highlighting potential opportunities in the industry [2][3]. Core Insights - The Spring Festival travel rush has begun, with air passenger volume averaging 2.313 million per day, up 5.5% year-on-year, while railway passenger volume averaged 11.792 million, down 0.7% year-on-year [1][10]. - The report emphasizes the competitive landscape in instant retail, particularly with the launch of the "30 Billion Free Order" campaign by Qianwen, which saw over 10 million orders in just 9 hours [2][35]. - The report identifies key players in the aviation sector, including China National Airlines, Southern Airlines, and Eastern Airlines, as well as low-cost carriers like Spring Airlines, which are expected to benefit from high price elasticity and operational efficiency [2][34]. Industry Data Tracking - Air freight rates at Pudong Airport increased by 5.3% week-on-week and 8.9% year-on-year as of February 2 [7][44]. - The VLCC freight rate rose by 2% week-on-week, while the BDI decreased by 10% [7][48]. - The report highlights the growth potential in the express logistics sector, particularly for leading companies like Zhongtong and Yuantong, as well as the promising outlook for instant retail leader SF Express [7][31]. Investment Recommendations - The report suggests focusing on "performance elasticity" and "dividend value" as key investment themes for the transportation sector in 2026 [7][31]. - It recommends continued investment in the aviation sector due to expected low growth in aircraft supply and a projected 5% increase in passenger numbers [2][31]. - The report also emphasizes the importance of dividend assets, recommending companies like Sichuan Chengyu and China Merchants Port for their stable performance and potential for increased dividends [7][31].

Group 1 - Seasonal influenza impacts approximately 1 billion people globally each year, with 3 to 5 million cases developing into severe illness and 290,000 to 650,000 deaths due to influenza-related respiratory diseases [1] - The domestic influenza treatment drug market is currently dominated by Dongyangguang Pharmaceutical with Oseltamivir, but new players are rapidly emerging since 2025 [1] - Zhengxiang Pharmaceutical is seeking to list on the Hong Kong Stock Exchange, having submitted its application on January 30, with CICC as its sole sponsor [2][4] Group 2 - Zhengxiang Pharmaceutical's antiviral drug, Marcilosavir, has already been approved for market release, distinguishing it from most other 18A companies [3] - The company was founded in 2018 and has undergone multiple rounds of financing, raising a total of 872 million RMB, with a post-investment valuation of 2.48 billion RMB as of January 2026 [4][5] - The company has a drug portfolio that includes six assets, with Marcilosavir being the core product, which is a new generation antiviral targeting influenza [10][12] Group 3 - The global market for influenza treatment and prevention drugs is projected to reach $4.8 billion by 2024, with China contributing $1.7 billion [16] - The Chinese market for antiviral drugs is expected to grow to 13.6 billion RMB by 2035, with PA inhibitors and other antiviral drugs accounting for 13 billion RMB [17] - Marcilosavir faces competition from several established products, including Roche's Baloxavir and others, with pricing set at 222 RMB per box, which is higher than some competitors [20] Group 4 - Zhengxiang Pharmaceutical reported zero revenue for 2024 and 400,000 RMB for the first nine months of 2025, primarily from regulatory support services for Marcilosavir [23] - The company incurred losses of approximately 145 million RMB for both 2024 and the first nine months of 2025, totaling around 290 million RMB in cumulative losses [23] - The company collaborates with a national CSO, Jichuan Pharmaceutical, to enhance market share through its established distribution network [24] Group 5 - The company has a total of 52 R&D personnel, with significant expenditures on drug development, amounting to 100 million RMB and 81.6 million RMB in R&D costs for the respective reporting periods [23] - As of November 2025, the company had cash and cash equivalents of 523 million RMB and term deposits of 141 million RMB [27] - The overall cash flow from operating activities showed a net outflow of 1.06 billion RMB for 2024, indicating financial challenges [28]

Core Insights - The city of Wuhai has officially launched the national pilot program for the digital transformation of small and medium-sized enterprises (SMEs), marking a significant step in enhancing the digital economy [1][2] Group 1: Digital Transformation Initiatives - Wuhai has been approved as a national pilot city for SME digital transformation since September last year, and has since developed a comprehensive work plan for this initiative [2] - The city has established an expert committee for the pilot program and is actively selecting service providers to accelerate the digital empowerment of SMEs [2] - Wuhai has built 2 national-level excellent smart factories, 9 autonomous advanced smart factories, and 35 basic-level smart factories, showcasing its commitment to digital transformation [2] Group 2: Financial and Expert Support - Local banks, including the Wuhai branch of Inner Mongolia Bank, have introduced exclusive financial products to support the digital transformation of SMEs [1] - Experts provided in-depth interpretations of the funding management measures and evaluation indicators for the pilot program during the launch meeting [1] Group 3: Industry Focus and Goals - The city aims to focus on industrial intelligence, green development, and integration, leveraging national policy opportunities to drive the digital transformation of its manufacturing sector [2] - Wuhai is also working towards creating advanced manufacturing clusters in the fine chemical industry within the region [2]

Core Points - The Inner Mongolia Bank Cup Inner Mongolia City Skiing Super League's fourth stop was held at the Ordos Jiucheng Palace International Ski Resort on January 31, 2025-2026 season [1] - The event was organized by the Inner Mongolia Ice and Snow Sports Association, attracting over 120 athletes from 12 leagues in Inner Mongolia, with results directly impacting qualification for the finals [1] - A national-level referee team was established to ensure fairness, following international standards and using a "two-run combined timing" scoring system [1] Competition Results - In the dual ski events, champions included Qingger from Hohhot in the youth women's group, Huozihan from Hulunbuir in the youth men's group, and Wujingjing from Ordos and Xuxinhao from Chifeng in the adult women's and men's groups respectively [5] - In the snowboard events, champions were Taimiao from Baotou and Wangzijia from Hohhot in the youth women's and men's groups, while Duanxiaoran and Liyu'ang from Ordos won in the adult women's and men's groups [5] - The overall points leaderboard saw Hulunbuir team in first place, Hohhot team in second, and Ulanqab team in third [5] Event Experience - The event promoted a "travel with the event" concept, featuring activities such as bonfire parties, local food experiences, and fireworks, enhancing the appeal of winter tourism [5] - The next stop of the event will be in Baotou, where athletes will compete for remaining points to qualify for the finals, which will take place on February 8 at the Hohhot Mazongshan Ski Resort [5]

建成村级寄递物流综合服务站的建制村比例达80%，直营制快递企业进村率超过90%，加盟制快递企业 进村率提升至1/3……1月30日，国家邮政局通报2025年邮政快递业更贴近民生实事完成情况，其中"加 强村级寄递物流综合服务站建设，持续提高农村地区投递水平"尤为引人瞩目。 "快递进村"走深走实，寄递网络直达基层，服务范围不断延伸。邮政快递行业农村寄递物流体系建设不 断取得新进展—— 据介绍，今年国家邮政局将拓展试点范围，在中西部农村地区开展快递进村邮政兜底专项试点工作；加 强农村邮件投递服务监督检查，巩固提升农村邮件投递服务水平；引导快递企业加大能力投入，鼓励发 展共同配送，通过邮快合作、快快合作、客货邮融合等方式降低运营成本。（记者韩鑫） 顺丰速运发展超25万个村镇级驿站合作点，服务乡镇覆盖率达99.75%，形成较为完备的乡村快递网 络；2020年至2025年，极兔速递累计建设乡镇网点超1500个、村级寄递服务站（含共建）4.5万个；韵 达借助发达的末端网络，强化对特色农业的服务支持，助力甘肃天水苹果、新疆阿克苏苹果等农特产品 出村进城；京东物流网络深入西藏波密县、墨脱县，从拉萨发出的网购商品基本实现"隔日达" ...