格隆汇8月11日丨极兔速递-W(01519.HK)发布公告，公司将于2025年8月29日召开董事会会议，藉以审 议并批准包括截至2025年6月30日止的六个月期间的未经审核中期业绩。 ...

極兔速遞環球有限公司（「本公司」，連 同 其 附 屬 公 司 及 關 聯 併 表 實 體「本集團」） 董 事（「董 事」）會（「董事會」）謹 此 宣 佈，本 公 司 將 於 二 零 二 五 年 八 月 二 十 九 日（星 期 五）舉 行 董 事 會 會 議，藉 以（其 中 包 括）考慮及批准本集團截至二零二五年六 月 三 十 日 止 之 中 期 業 績 及 其 刊 發。 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） 董事會會議日期 執 行 董 事、董 事 會 主 席 兼 首 席 執 行 官 李傑先生 香 港，二 零 二 五 年 八 月 十 一 日 於 本 公 告 日 期，本 公 司 董 事 ...

Group 1 - The top three stocks with net inflow of southbound funds are Yingfu Fund (02800) with 6.292 billion, Hang Seng China Enterprises (02828) with 1.618 billion, and Southern Hang Seng Technology (03033) with 0.956 billion [1] - The top three stocks with net outflow of southbound funds are China Mobile (00941) with -0.289 billion, Jitu Express-W (01519) with -0.185 billion, and Horizon Robotics-W (09660) with -0.152 billion [1] - In terms of net inflow ratio, Anjii Food (02648), Pacific Shipping (02343), and Yuehai Investment (00270) lead the market with 55.07%, 54.09%, and 53.58% respectively [1] Group 2 - The top ten stocks with the highest net inflow include Yingfu Fund (02800) at 6.292 billion, Hang Seng China Enterprises (02828) at 1.618 billion, and Southern Hang Seng Technology (03033) at 0.956 billion [2] - The top ten stocks with the highest net outflow include China Mobile (00941) at -0.289 billion, Jitu Express-W (01519) at -0.185 billion, and Horizon Robotics-W (09660) at -0.152 billion [2] - The top three stocks with the highest net inflow ratio are Anjii Food (02648) at 55.07%, Pacific Shipping (02343) at 54.09%, and Yuehai Investment (00270) at 53.58% [3]

8月7日，极兔速递-W(01519)盘中上涨2.05%，截至14:55，报10.46元/股，成交3.61亿元。 极兔速递环球有限公司是一家全球综合物流服务运营商，在中国和东南亚等全球最大及增长最快的电商 市场占据领先地位，业务覆盖13个国家。公司运营238个大型转运中心、19100个网点，拥有40万名服务 人员，并与7200个网络合作伙伴合作，致力于提供高效、智能的全球物流解决方案。 本文源自：金融界 作者：行情君 截至2024年年报，极兔速递-W营业总收入737.47亿元、净利润7.23亿元。 ...

Summary of Jitu Express Conference Call Company Overview - Jitu Express has rapidly grown in the Chinese market through an agent operation model and aggressive expansion strategy, achieving positive EBITDA in 2023 and expected profitability in 2024, with daily parcel volume exceeding 60 million, ranking fifth in China's e-commerce express delivery sector [2][4][11] Key Insights - **Market Trends**: The trend of small parcel delivery is evident in China, with a growth rate of 17% from January to July 2025, driven by consumer downgrade and increased penetration of e-commerce in second and third-tier cities [2][5] - **Competitive Landscape**: The anti-involution policies have led to price stabilization actions in regions like Yiwu and Guangdong, which may alleviate price competition and improve industry profitability [2][5] - **Emerging Markets**: Jitu Express is actively expanding into emerging markets such as the Middle East and Brazil, gradually achieving breakeven and expected to turn profitable by 2025, indicating rapid growth and accelerated overseas expansion [2][6] Operational Model - Jitu Express employs an agent operation model, differing from the direct or franchise models of other domestic express companies. This model ensures network stability and alignment of interests through cross-shareholding [2][7] - The company leverages OPPO's extensive offline network for expansion and emphasizes brand promotion, distinguishing itself from domestic competitors [2][7] Management Team - The core management team primarily comes from OPPO's Southeast Asia agency, with significant control held by the founder, Li Jie, who has a 55.56% voting power through an AB share structure. The management style focuses on channel stability and aggressive marketing [2][8][9] Financial Performance - Since 2023, Jitu Express has seen its EBITDA turn positive in the Chinese market, with continuous optimization of cash flow and net profit. The company is moving towards self-sustainability, enhancing its operational capabilities across regions [2][10] - Daily parcel volume has surpassed 60 million, and cost control is improving, narrowing the gap with leading express companies despite currently thin single-ticket profits [2][11] Southeast Asia Market Importance - Southeast Asia is a crucial market for Jitu Express, with low e-commerce penetration and significant growth potential. The region's e-commerce compound growth rate is expected to exceed 20% from 2023 to 2025, contributing to the express delivery growth [2][12] Emerging Market Strategy - Jitu Express is focusing on emerging markets, which have lower e-commerce penetration and are expected to grow at a compound rate of 17.6% from 2023 to 2027. The company aims to enhance profitability through strategic adjustments and partnerships with cross-border e-commerce platforms [2][13] Future Projections - For 2025 and 2026, Jitu Express is projected to achieve net profits of $380 million and $620 million, respectively, with corresponding PE ratios of approximately 30 times and 16 to 17 times. The valuation could reach over 80 billion RMB, with potential for exceeding 100 billion RMB if performance exceeds expectations [2][14]

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) 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7月31日 狀態: 新提交 致：香港交易及結算所有限公司 呈交日期: 2025年8月6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 | | 1,958 ...

Core Insights - New Stone Technology announced that as of the end of July, its autonomous vehicles have been deployed in over 280 cities across 15 countries and regions, with a cumulative total exceeding 7,500 vehicles and L4 autonomous driving mileage surpassing 42 million kilometers. The company is expected to become the first in the world to achieve a fleet size of 10,000 L4 autonomous vehicles within this year [1] Company Positioning - New Stone Technology has become the largest supplier of autonomous delivery vehicles for major companies such as SF Express, JD.com, and China Post, capturing over 90% of their orders for autonomous delivery vehicles. Additionally, it holds over 70% of the orders from other platforms like the "Three Links and One Reach" and Jitu Express [1] Market Expansion - Beyond the express delivery sector, New Stone Technology is exploring the instant logistics market. In July, the company partnered with Didi Chuxing's Didi Delivery, allowing users in cities like Qingdao to summon New Stone's autonomous vehicles via the Didi platform and pay based on service mileage [1]

港股8月开局不利，三大指数继续承压走低，尾盘跌幅有所扩大。截止收盘，恒生指数跌1.07%或265.52 点，报24507.81点，大市交投缩减，全日成交额为2546.74亿港元；恒生国企指数跌0.88%，报8804.42 点；恒生科技指数跌1.02%，报5397.4点。全周来看，恒指累跌3.47%，国指累跌3.78%，恒科指累跌 4.94%。 东吴证券指出，往后看，市场担心海外风险上行。一是，美元资产继续上涨，或会导致全球资金减少对 中国资产的关注；二是，对等关税截止日临近，市场预期关税博弈更偏向税率"缓"+"降"。交银国际认 为，港股市场当前流动性状态仍较为充裕，估值水平保持合理，适度的市场拥挤度也为投资者提供了较 为理想的配置窗口。 蓝筹股表现 5.71港元。 1.个别快递股逆市走高。截至收盘，中通快递-W(02057)涨7.44%，报163.2港元；极兔速递-W(01519)涨 2.52%，报10.58港元。 7月29日，国家邮政局召开快递企业座谈会，就依法依规治理行业"内卷式"竞争，强化农村地区领取快 件违规收费等突出问题整治，促进行业高质量发展进行座谈交流。据现代物流报，7月17日义乌邮管局 已率先 ...

短期看价格回稳 2025年以来行业延续双位数件量增速，预期今年仍有望实现15%的行业增速。但由于龙头公司份额诉求 强烈，行业价格竞争更加激烈，25Q1加盟快递企业业绩有所下滑。预计25Q2部分快递公司仍延续下滑 趋势，加盟商经营持续承压。 反内卷政策背景下，部分产粮区在当地邮管局的政策指导下，快递价格有望修复 浙商证券（601878）发布研报称，根据罗戈网，近期部分产粮区在当地邮管局的领导下，基于反内卷背 景，快递价格有所回稳。随着淡季结束，9月旺季到来，有望看到价格更大范围企稳回升，从而加盟商 经营承压或将改善，快递业绩及板块情绪有望实现阶段性修复。此外，申通近日收购丹鸟拉开了快递行 业在国家反内卷背景下资源整合的序幕，中长期看，国家邮政局鼓励快递企业兼并重组，快递行业结构 趋于健康，竞争生态优化，有望带来板块性的投资机会。 浙商证券主要观点如下： 事件：2025年7月1日，中央财经委会议再次强调"治理企业低价无序竞争"的问题，2025年7月8日，国家 邮政局党组召开会议，会议强调按照"五统一、一开放"基本要求，进一步加强行业监管，完善邮政快递 领域市场制度规则，旗帜鲜明反对"内卷式"竞争，依法依规整治末端 ...

Core Viewpoint - The article highlights the strong performance of brokerage "gold stocks" in July, with all 30 brokerage gold stock combinations showing positive returns, indicating a robust recovery in the A-share market [2][9]. Brokerage Performance - Ping An Securities' gold stock combination achieved the highest return of 16.57% in July, followed by Kaiyuan Securities at 13.57% and Caitong Securities at 12.93% [3][9][10]. - Notably, all brokerage gold stock combinations recorded positive returns, with several brokerages, including China Merchants Securities and Galaxy Securities, also exceeding 10% returns [9][10]. Top Performing Stocks - The best-performing stock was Kangchen Pharmaceutical, recommended by Ping An Securities, which surged by 106.74% in July [4][6]. - Other notable stocks included Borui Pharmaceutical (82.05%), Kangfang Biotech (68.13%), and Yuandong Biotech (56.60%), all showing significant monthly gains [6][7]. August Strategy - Brokerages are adopting an aggressive strategy for August, focusing on technology growth stocks and cyclical stocks benefiting from mid-year performance reports [12][15]. - The market outlook is optimistic, driven by expectations of recovering corporate ROE and a favorable policy environment, suggesting a continued upward trend in A-shares [15]. Common Recommendations - Several stocks received multiple recommendations from brokerages for August, including Dongfang Caifu, Muyuan Foods, and Wanhua Chemical, each recommended by four different brokerages [16][19]. - The rationale for recommending Dongfang Caifu includes the potential for the securities sector to enter a main upward trend, while Muyuan Foods is recognized for its leading position in the pig farming industry [16][19].