股票名称 回购数 回购额 年累计回购数量(股) 年累计回购数量/总股本 腾讯控股(00700) 102.80万 6.36亿 8201.80万 0.893% 小米集团-W(01810) 250.00万 1.02亿 7829.54万 0.300% 美的集团(00300) 123.09万 9999.57万 null null 顺丰控股(06936) 131.58万 4999.38万 null null 中远海控(01919) 300.00万 4105.30万 6054.30万 2.102% 中国飞鹤(06186) 400.00万 1674.00万 1.95亿 2.149% 固生堂(02273) 37.84万 1094.52万 1041.39万 4.395% 金山软件(03888) 35.12万 999.74万 565.98万 0.400% 富智康集团(02038) 40.00万 770.62 万 668.08万 0.848% 国鸿氢能(09663) 128.60万 663.58万 554.40万 1.072% 中国石油化工股份(00386) 120.00万 541.76万 2.13亿 0.180% 津上机床中国(0 ...

Core Viewpoint - SF Holding (06936) announced a share buyback of 1.3158 million A-shares for a total expenditure of 49.9938 million yuan on December 2, 2025 [1] Group 1 - The company plans to repurchase shares as part of its capital management strategy [1] - The total amount allocated for the buyback is approximately 49.9938 million yuan [1] - The number of shares to be repurchased is 1.3158 million [1]

FF301 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | 是 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06936 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 240,000,000 | RMB | | 1 RMB | | | 240,000,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | | 0 | | 本月底結存 | | | 240,000,000 | RMB | | 1 RMB | | | 240,000,000 | 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 | 本月底結存 | | | 240,000,000 RMB | | 1 RMB | | 240,000,000 | | --- | --- | --- | --- | --- | --- ...

格隆汇12月2日丨顺丰控股(06936.HK)发布公告，2025年12月2日耗资人民币4999.38万元回购131.58万股 A股，回购价格每股37.96-38.07元。 ...

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） FF305 呈交日期： 2025年12月2日 FF305 確認 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 | | | | | 事件 | ...

Core Viewpoint - SF Holding (06936) announced a share buyback program starting from September 3, 2025, with a total repurchase amount of approximately RMB 1.2999 billion, representing 0.65% of the company's total share capital [1] Group 1 - The company repurchased 32.515 million A-shares through a centralized bidding method [1] - The average transaction price for the repurchased shares was RMB 39.98 per share, with a maximum price of RMB 42.23 and a minimum price of RMB 38.82 [1]

Core Viewpoint - SF Holding (06936.HK) announced the implementation of a share buyback program starting from September 3, 2025, with a total buyback amount of approximately RMB 1,299,892,981.76, representing 0.65% of the company's total share capital [1] Group 1 - The company has repurchased a total of 32,514,989 A-shares through a centralized bidding method as of November 30, 2025 [1] - The average transaction price for the repurchased shares was RMB 39.98 per share, with a maximum price of RMB 42.23 and a minimum price of RMB 38.82 [1] - The buyback is in compliance with relevant laws and regulations and aligns with the established buyback plan [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 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6936） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條刊發。 根據中華人民共和國的有關法例規定，順豐控股股份有限公司（「本公司」）在巨 潮資訊網( www.cninfo.com.cn )刊發了以下公告。茲載列如下，僅供參閱。 承董事會命 順豐控股股份有限公司 聯席公司秘書 甘玲 中國深圳，2025年12月1日 於本公告日期，本公司董事會成員包括董事長及執行董事王衞先生，執行董事何捷先生、王 欣女士及徐本松先生；及獨立非執行董事陳尚偉先生、李嘉士先生及丁益博士。 证券代码：002352 证券简称：顺丰控股 公告编号：2025-087 顺丰控股股份有限公司 关于回购公司 A 股股份的进展公告 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 ...

Core Insights - A total of 30 companies conducted share buybacks on November 26, 2025, with Tencent Holdings (00700) leading in both the number of shares repurchased and the total amount spent [1][2] Group 1: Buyback Details - Tencent Holdings repurchased 1.022 million shares for a total of 636 million [2] - Xiaomi Group-W (01810) repurchased 7.5 million shares for 301 million, representing 0.230% of its total share capital [2] - Midea Group (00300) repurchased 126,630 shares for approximately 99.995 million [2] - SF Holding (06936) repurchased 128,030 shares for about 50.16 million [2] - China Petroleum & Chemical Corporation (00386) repurchased 11 million shares for 48.64 million, which is 0.160% of its total share capital [2] Group 2: Other Notable Buybacks - Kuaishou-W (01024) repurchased 400,000 shares for 27.49 million, accounting for 0.128% of its total share capital [2] - Vitasoy International (00345) repurchased 3.962 million shares for 26.62 million, representing 0.951% of its total share capital [2] - Mengniu Dairy (02319) repurchased 200,000 shares for 2.95 million, which is 0.696% of its total share capital [2] - Other companies such as NetDragon (00777), China Feihe (06186), and others also participated in the buyback activities, with varying amounts and percentages of total share capital [2]

Summary of SF Express Conference Call Company Overview - SF Express is the largest integrated logistics service provider in China and Asia, ranked fourth globally, establishing a strong competitive moat through direct sales and full-chain control, resulting in significant brand premium and higher revenue per shipment compared to competitors [2][3][12][13]. Core Competitiveness - The core competitiveness of SF Express lies in its strong brand power and unique heavy-asset logistics network. The company is trusted by consumers for high-quality, safe, and reliable services, which enhances its market position [3][12]. - The heavy-asset logistics network includes 107 freighters (91 owned) and the Ezhou Huahu Airport, which significantly improves delivery efficiency and reduces operational costs [2][14]. Business Development Initiatives - SF Express has expanded its market share through product diversification and penetration strategies, focusing on new business areas such as express delivery, cold chain, medical city distribution, supply chain, and cross-border logistics. New business revenue has a compound annual growth rate (CAGR) of 36%, significantly higher than the traditional business growth rate of 12% [2][4][5]. - The company has implemented a shared growth equity incentive plan to bind core talents with the company's interests, ensuring stable governance [4][10]. Financial Performance - SF Express has shown a significant improvement in profitability, with gross margin recovering to around 14% by 2024. The net profit attributable to shareholders has maintained over 20% growth for three consecutive years, with operating cash flow exceeding 25 billion yuan annually since 2022 [16]. - Capital expenditures have gradually decreased from a peak of 19 billion yuan to 9.9 billion yuan in 2024, while free cash flow has shown an upward trend, supporting shareholder returns with a dividend payout ratio exceeding 40% [16]. Cost Control and Efficiency Improvement - The company has achieved cost savings of over 13.8 billion yuan through multi-network integration and operational reforms since 2021, with plans to normalize these practices by 2025 [6][15]. - SF Express has also enhanced operational efficiency by optimizing routing, increasing load rates, and deploying over 1,800 unmanned vehicles, which will provide long-term cost reduction opportunities [15]. Future Performance Expectations - Forecasts indicate that net profit attributable to shareholders will reach 10.9 billion, 12.7 billion, and 14.6 billion yuan for 2025, 2026, and 2027, respectively, with growth rates of 7%, 17%, and 15% [4][7][21]. - The company expects to maintain stable growth in 2025, with a projected revenue increase of approximately 7% [18][21]. Supply Chain and International Business Development - SF Express has significant potential in supply chain and international business, particularly in cross-border e-commerce logistics between China and Europe, which has shown notable growth in the first half of 2025 [20]. Conclusion - SF Express is viewed positively for its long-term value despite short-term pressures. The company is currently considered undervalued, with a target price of 55 yuan, indicating a potential upside of about 40% from current levels [22].