极兔速递-W(01519)发布公告，于2025年第三季度，包裹量合计76.77亿件，同比增长23.1%。 于2025年前三季度，包裹量合计216.68亿件，同比增长25.6%。 ...

格隆汇10月14日丨极兔速递-W(01519.HK)发布公告，2025年第三季度，公司东南亚包裹量达19.968亿 件，同比增长78.7%，日均包裹量达2170万件，同比增长78.7%；中国包裹量达55.758亿件，同比增长 10.4%，日均包裹量达6060万件，同比增长10.4%；新市场包裹量达1.042亿件，同比增长47.9%，日均包 裹量达110万件，同比增长47.9%；合计包裹量达到76.767亿件，同比增长23.1%，日均包裹量达8340万 件，同比增长23.1%。 ...

10月14日，极兔速递公布2025年第三季度主要经营数据。第三季度，公司总体实现包裹量约76.8亿件， 同比增长23.1%；日均包裹量8340万件。其中，中国市场实现包裹量55.8亿件，同比增长10.4%；日均包 裹量6060万件。 ...

智通财经APP讯，极兔速递-W(01519)发布公告，于2025年第三季度，包裹量合计76.77亿件，同比增长 23.1%。 于2025年前三季度，包裹量合计216.68亿件，同比增长25.6%。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 J&T Global Express Limited 極兔速遞環球有限公司 （於 開 曼 群 島 註 冊 成 立 以 不 同 投 票 權 控 制 的 有 限 責 任 公 司） （股 份 代 號：1519） 自願公告 2025年第三季度經營數據匯報 極兔速遞環球有限公司（「本公司」）董事會（「董事會」）謹此宣佈本公司及其附屬 公司及關聯併表實體截至2025年9月30日 止 季 度 之 業 務 及 運 營 情 況。 | | | | | | | | 至9月30日止三個月 截 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 2025年 | 2024年 | 同比 | | | 東南亞 | （百 包裹量 | 萬 | 件） | | ...

Summary of Key Points Core Viewpoint - The 2024 Hong Kong-listed company director remuneration ranking reveals that Li Xiang, CEO of Li Auto, tops the list with a total compensation of approximately HKD 680 million, highlighting the significant earnings of executives in the automotive and technology sectors [3][12]. Group 1: Top Earners - Li Xiang of Li Auto ranks first with a total remuneration of approximately HKD 680 million [3][12]. - Wang Xuning, Chairman and CEO of JS Global, ranks second with about HKD 521 million [3][5]. - Li Jie, Founder and Chairman of J&T Express, is third with approximately HKD 519 million [3][6]. - Liu Qiangdong, Founder of JD.com, ranks fourth with around HKD 449 million [3][6]. - Peng Yongdong, Co-founder and CEO of Beike, ranks fifth with HKD 426 million [3][6]. Group 2: Notable Rankings - Zhu Weisong, Founder and Chairman of Bruker, ranks sixth with HKD 383 million [3][6]. - Other notable figures in the top ten include Dan Yigang from Beike, Chen Rui from Bilibili, Han Run from JS Global, and He Youlong from Melco International [3][6]. - Li Zeju, Chairman of CK Hutchison, ranks eleventh with HKD 212 million [4][7]. - HSBC CEO Noel Quinn ranks twenty-third with nearly HKD 128 million [4][7]. Group 3: Industry Insights - The report indicates that 31 directors received over HKD 100 million in total remuneration, reflecting the competitive compensation landscape in Hong Kong's corporate sector [3][12]. - The high salaries of executives, particularly in the automotive and technology industries, have drawn significant public attention and discussion [12][18].

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 極兔速遞環球有限公司 (於開曼群島註冊成立以不同投票權控制的有限公司) 呈交日期: 2025年10月8日 I. 法定/註冊股本變動 | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 979,333,410 | USD | | 0.000002 USD | | 1,958.67 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 979,333,410 | USD | | 0.000002 USD | | 1,95 ...

Core Viewpoint - The company, established in 2015, has become the leading express delivery service provider in Southeast Asia, with a significant presence in China and emerging markets, achieving high revenue growth and profitability [3][8]. Group 1: Southeast Asia Business - The company holds the highest market share in Southeast Asia, with a revenue of $19.70 billion in H1 2025, reflecting a year-on-year growth of 32.8% and a package volume increase of 57.9% [4][30]. - The Southeast Asian e-commerce market is expected to grow significantly, with retail transaction value projected to rise from $292 billion in 2025 to $572 billion by 2029, driven by increasing e-commerce penetration and the rise of live-streaming e-commerce [4][42]. - The company benefits from partnerships with major platforms like TikTok, which is rapidly gaining market share in the region, with a projected GMV of $22.6 billion in 2024 [4][46]. Group 2: New Market Expansion - The company has successfully replicated its Southeast Asian model in new markets such as the Middle East and Latin America, achieving a revenue of $3.62 billion in H1 2025, a 24.3% increase year-on-year [5][74]. - E-commerce penetration in these new markets remains low, with only 4% in the Middle East and Africa and 10% in Latin America, indicating substantial growth potential [5][66]. - The company has established partnerships with various cross-border and local e-commerce platforms, enhancing its growth prospects in these regions [5][71]. Group 3: China Business - In China, the company generated $31.37 billion in revenue in H1 2025, a 4.6% increase year-on-year, with package volume growing by 20% [5][88]. - The company is focusing on stabilizing delivery prices amid competitive pressures and has invested in building its logistics infrastructure to improve cost efficiency [5][90]. - The company’s profitability in China is improving, with adjusted EBITDA reaching $4.27 billion in 2024, marking a significant recovery from previous losses [5][100].

智通财经APP获悉，国金证券发布研报称，极兔速递-W(01519)2025H1收入为54.99亿美元，同比增长 13.1%，归母净利润为0.86亿美元，同比增长213%，其中收入端中国区占比最高(57%)，利润端东南亚 区贡献最大(经调整EBIT占比120%)。该行预计2025-2027年公司归母净利润分别为3.05亿美元、5.25亿 美元、8.25亿美元。给予2026年25倍PE，目标价为11.37港币，首次覆盖给予"买入"评级。 报告中称，国内"反内卷"下单票价格有望企稳，资源投入助成本改善。2025H1中国区收入为31.37亿美 元，同比增长4.6%;包裹量为106亿件，同比增长20.0%。随着广东等地率先推动快递"反内卷"，行业单 票价格降幅有望缩窄。公司持续加码自建转运中心、干线车辆及自动化设备布局，与"通达系"成本差距 持续缩小至约0.1元，2025年有望进一步下降0.1元，有助于盈利进一步改善。 ...

Core Viewpoint - The report from Guojin Securities indicates that Jitu Express-W (01519) is expected to see significant revenue and profit growth in the first half of 2025, driven by improvements in operational efficiency and market conditions in China and Southeast Asia [1] Financial Performance - In H1 2025, Jitu Express is projected to generate revenue of $5.499 billion, representing a year-on-year increase of 13.1% [1] - The net profit attributable to the parent company is expected to be $86 million, showing a substantial year-on-year growth of 213% [1] - The revenue contribution from the China region is the highest at 57%, while the Southeast Asia region contributes the most to profits, with an adjusted EBIT contribution of 120% [1] Future Projections - The company’s net profit forecasts for 2025, 2026, and 2027 are $305 million, $525 million, and $825 million, respectively [1] - A target price of HKD 11.37 is set for 2026, based on a 25x PE ratio, with an initial "buy" rating assigned [1] Market Dynamics - The report highlights a stabilization in the average order price in China due to the "anti-involution" trend, which is expected to positively impact revenue [1] - In H1 2025, revenue from the China region is anticipated to be $3.137 billion, with a year-on-year growth of 4.6% and a package volume of 10.6 billion pieces, reflecting a 20.0% increase [1] - The industry is expected to see a narrowing of price declines due to initiatives in regions like Guangdong promoting the "anti-involution" approach [1] Operational Improvements - The company is investing in building its own transfer centers, trunk vehicles, and automation equipment, which is helping to reduce the cost gap with competitors in the "Tongda system" to approximately 0.1 yuan [1] - It is projected that this cost gap will further decrease by 0.1 yuan in 2025, contributing to improved profitability [1]