Core Insights - SF Holding reported a total revenue of 27.339 billion yuan for December 2025, with express logistics revenue at 20.378 billion yuan, marking a year-on-year growth of 3.78% and a business volume of 1.476 billion parcels, up 9.33% year-on-year [1][2] - The company has been optimizing its domestic business structure and enhancing its global supply chain, benefiting from lean management and technological innovations [1][2] Group 1: Business Performance - In December, SF's express logistics business volume grew by 9.33%, with an annual growth rate expected to exceed 25%, showcasing strong business resilience and growth potential [2] - The average revenue per parcel reached 13.81 yuan, with a narrowing year-on-year decline, indicating a recovery trend in profitability [2] - The overall growth of SF outpaced the industry average, with China's express delivery volume and revenue growing by 13.7% and 6.5% respectively in 2025 [2] Group 2: International Strategy - SF's international strategy is evolving from "single-point breakthroughs" to "network collaboration," focusing on deepening its presence in the Asia-Pacific region and expanding into Europe and emerging markets [3] - In December, SF signed a memorandum of cooperation with CWT in Singapore, targeting core areas such as warehousing and cold chain logistics, enhancing regional logistics efficiency [3] - A strategic partnership with Evri in the UK aims to strengthen SF's last-mile delivery capabilities in Europe, facilitating better access for Chinese enterprises to the European market [3] Group 3: Technological Innovation - SF is leveraging technology to support its global expansion and domestic growth, collaborating with Starry Era to develop intelligent robotic solutions for logistics [5] - The company is enhancing its logistics capabilities through the integration of traditional and low-altitude logistics, exemplified by the launch of the Fengyibao An low-altitude smart logistics center [5][6] - This technological innovation is expected to create a new growth engine and enhance SF's competitive advantage in the global market [6]

Core Viewpoint - SF Holding (002352.SZ) reported a total revenue of 27.339 billion yuan for its express logistics, supply chain, and international business in December 2025, reflecting a year-on-year growth of 3.41% [1] Group 1: Revenue Breakdown - The express logistics business generated revenue of 20.378 billion yuan, marking a year-on-year increase of 3.78% [1] - The total business volume reached 1.476 billion parcels, which is a year-on-year growth of 9.33% [1] Group 2: Business Strategy - The company maintains a sustainable and healthy development approach, focusing on high-quality service and stable operational delivery to meet diverse customer logistics needs [1] - SF Holding is gradually optimizing its market strategy, aiming for high-quality business growth [1]

Core Viewpoint - SF Holding announced that by December 2025, the combined revenue from express logistics, supply chain, and international business reached 27.339 billion yuan, representing a year-on-year growth of 3.41% [1] Group 1: Revenue Breakdown - The express logistics business generated revenue of 20.378 billion yuan, with a year-on-year increase of 3.78% [1] - The business volume for express logistics was 1.476 billion packages, showing a year-on-year growth of 9.33% [1] - The average revenue per package was 13.81 yuan, reflecting a year-on-year decrease of 5.09% [1] Group 2: Supply Chain and International Business - Revenue from supply chain and international business amounted to 6.961 billion yuan, marking a year-on-year growth of 2.35% [1] - International freight forwarding revenue was impacted by fluctuations in international trade and a decline in shipping prices, while international express and cross-border e-commerce logistics maintained rapid growth [1]

3、以上收入不含公司其他非物流业务收入。 公司2025年12月速运物流业务、供应链及国际业务合计收入为人民币273.39 亿元，同比增长3.41%。其中：（1）速运物流业务收入同比增长3.78%，业务量 同比增长9.33%。公司坚持可持续健康发展的经营基调，推进激活经营进阶机制， 以高品质服务和稳定运营交付，满足客户多元化物流需求。同时公司逐步优化市 场策略，追求业务高质量增长。（2）由于国际贸易波动及货运市场需求趋缓， 海运价格较去年同期明显回落，影响公司国际货运代理业务的收入。但依托全球 证券代码：002352 证券简称：顺丰控股 公告编号：2026-005 顺丰控股股份有限公司 2025年12月快递物流业务经营简报 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 根据《深圳证券交易所上市公司自律监管指引第 3 号——行业信息披露》的 规定，顺丰控股股份有限公司（以下简称"公司"）现披露 2025 年 12 月业务经 营简报情况如下： | 项目 | 2025 年 | 12 月 | 2024 年 | 12 月 | 同比变动 | | --- | --- | - ...

第 1 頁 共 7 頁 v 1.3.0 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 順豐控股股份有限公司（於中華人民共和國註冊成立的股份有限公司） 呈交日期： 2026年1月19日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 A | | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) | 002352 | 說明 | A股（於深圳交易所上市） | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | ...

Core Viewpoint - SF Holding (06936.HK) reported a total revenue of RMB 27.339 billion for its express logistics, supply chain, and international business in December 2025, representing a year-on-year growth of 3.41% [1] Group 1: Express Logistics Business - Revenue from the express logistics business increased by 3.78% year-on-year, with a business volume growth of 9.33% [1] - The company maintains a sustainable and healthy development approach, enhancing operational mechanisms to deliver high-quality services and stable operations to meet diverse customer logistics needs [1] - Market strategies are being optimized to pursue high-quality business growth [1] Group 2: International Business - The international freight forwarding business was impacted by fluctuations in international trade and a slowdown in freight market demand, leading to a significant decline in sea freight prices compared to the same period last year [1] - Despite these challenges, the company leveraged its global network and diverse product offerings to adapt to market changes and seize new opportunities for enterprises going abroad, resulting in stable cargo volumes for international freight forwarding [1] - Revenue from international express and cross-border e-commerce logistics maintained rapid growth year-on-year [1]

Core Viewpoint - SF Holding (002352)(06936) reported a total revenue of RMB 27.339 billion for its express logistics, supply chain, and international business in December 2025, representing a year-on-year growth of 3.41% [1] Group 1: Express Logistics Business - Revenue from the express logistics business increased by 3.78% year-on-year, with a business volume growth of 9.33% [1] - The company emphasizes sustainable and healthy development, enhancing operational mechanisms to deliver high-quality services and stable operations to meet diverse customer logistics needs [1] - The company is gradually optimizing its market strategy, aiming for high-quality business growth [1] Group 2: International Business - Due to fluctuations in international trade and a slowdown in freight market demand, sea freight prices have significantly decreased compared to the same period last year, impacting the revenue of the international freight forwarding business [1] - Leveraging its global network advantages and a rich product portfolio, the company has flexibly responded to market changes and actively seized new opportunities for enterprises going abroad, maintaining stable cargo volume in the international freight forwarding business [1] - Revenue from international express and cross-border e-commerce logistics businesses has continued to grow rapidly year-on-year [1]

Core Viewpoint - SF Holding (06936) reported a total revenue of RMB 27.339 billion for its express logistics, supply chain, and international business in December 2025, representing a year-on-year growth of 3.41% [1] Group 1: Express Logistics Business - Revenue from the express logistics business grew by 3.78% year-on-year, with a business volume increase of 9.33% [1] - The company emphasizes sustainable and healthy development, enhancing operational mechanisms to deliver high-quality services and stable operations to meet diverse customer logistics needs [1] - SF Holding is optimizing its market strategy to pursue high-quality business growth [1] Group 2: International Business - The international freight forwarding business was impacted by fluctuations in international trade and a slowdown in freight market demand, leading to a significant decline in sea freight prices compared to the same period last year [1] - Despite these challenges, the company leveraged its global network and diverse product offerings to adapt to market changes and seize new opportunities for enterprises going abroad, maintaining stable cargo volumes in the international freight forwarding business [1] - Revenue from international express and cross-border e-commerce logistics businesses continued to grow rapidly year-on-year [1]

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，並明確表示概不就因本公告全部或任何部分內容所產生或因 依賴該等內容而引致的任何損失承擔任何責任。 S.F. Holding Co., Ltd. 順豐控股股份有限公司 根據《深圳證券交易所上市公司自律監管指引第3號 —— 行業信息披露》的規 定，順豐控股股份有限公司（以下簡稱「公司」或「本公司」）現披露2025年12月 業務經營簡報情況如下： | 項目 | | 2025年12月 | 2024年12月 | 同比變動 | | --- | --- | --- | --- | --- | | 1. | 速運物流業務 | | | | | | （人民幣億元） 營業收入 | 203.78 | 196.36 | 3.78% | | | －業務量 （億票） | 14.76 | 13.50 | 9.33% | | | （人民幣元） －單票收入 | 13.81 | 14.55 | -5.09% | | 2. | 供應鏈及國際業務 | | | | | | （人民幣億元） 營業收入 | 69.61 | 68.01 | 2.35% ...

格隆汇1月19日丨顺丰控股(06936.HK)发布公告，2026年1月19日耗资人民币5234.3万元回购135.5万股A 股，回购价格每股38.38-38.95元。 ...