Group 1 - SF Express City provides last-mile services to enhance delivery efficiency in logistics networks [1] - The company addresses capacity issues during peak periods by offering multi-stage support for collection, delivery, and transit [1] - SF Express City utilizes big data and AI scheduling to create differentiated capacity plans across various regions [1] Group 2 - The company has deployed 200 unmanned delivery vehicles across 38 cities, with over 10,000 active routes monthly [1] - SF Express City serves as a key infrastructure for brands and platforms to build instant retail ecosystems [2] - The combination of unmanned vehicles and riders optimizes end delivery efficiency for instant retail [2]

Group 1 - The competitive logic of the 618 shopping festival is undergoing a structural transformation, with traditional e-commerce facing challenges from "lowest prices" and "billion subsidies," leading to a rational return of consumers and a trend towards fragmented traffic [1] - The shift towards instant retail not only shortens order cycles and reduces return rates but also points to a growing market in instant consumption scenarios, extending from dining to supermarkets, electronics, and beauty products, with a projected market size exceeding 2 trillion yuan by 2025, where non-food categories will account for over 60% [1] - The emergence of a new competitive dimension in retail ecology emphasizes the advantages of third-party delivery services that can deeply integrate with brands and platforms, as exemplified by SF Express's collaboration with over 7,500 new KA stores in 2024, providing one-stop delivery solutions [1] Group 2 - SF Express serves as a flexible delivery partner for platforms like Douyin and WeChat, while also supplementing capacity for major platforms like Meituan and Ele.me during peak periods, supporting diverse scenarios such as live streaming and private domain e-commerce [2] - During the 618 shopping festival, SF Express not only provides instant delivery services but also integrates into various logistics stages, addressing the mismatch between traditional logistics capacity and order growth during peak times, achieving faster delivery through methods like "warehouse-to-delivery" [2] - The company utilizes big data forecasting and AI scheduling technology to create differentiated and refined capacity plans across the country, ensuring dynamic adjustments in high-demand areas such as core business districts and large communities [2]

Group 1 - The core viewpoint of the articles highlights the transformation of the 618 shopping festival, where instant retail has become a strategic necessity for major platforms like Meituan, JD.com, and Taobao, indicating a shift from bulk purchasing to immediate satisfaction among consumers [1][2] - Instant retail is evolving into a new competitive dimension, extending beyond food delivery to include supermarkets, electronics, and beauty products, with predictions that the market size will exceed 2 trillion yuan by 2025, with non-food categories accounting for over 60% [2][3] - The role of third-party delivery services, exemplified by SF Same City, is becoming crucial as they provide comprehensive support for brands and platforms, enhancing delivery efficiency and meeting the growing demand for instant retail [1][4] Group 2 - SF Same City has established itself as a preferred partner for leading brands, with over 7,500 new key account collaborations planned for 2024, providing one-stop delivery solutions across various platforms [3][4] - The company’s neutral positioning allows it to serve as a flexible delivery partner for both platforms with and without their own logistics, supporting diverse scenarios such as live streaming and private domain e-commerce [4][5] - SF Same City is leveraging big data and AI scheduling to create tailored delivery solutions, enhancing operational efficiency and responsiveness during peak periods, with a significant increase in the deployment of unmanned delivery vehicles [5][6]

Investment Rating - The report maintains a positive outlook on the logistics and transportation industry, particularly focusing on cross-border logistics and express delivery sectors [2][3]. Core Views - The report highlights the significant impact of new consumption patterns on logistics demand, emphasizing companies like SF Express and JD Logistics [3]. - It notes the potential for AI to enhance logistics efficiency, particularly for companies like SF Holdings [3]. - The report identifies opportunities in overseas warehouses and recommends companies with operational capabilities in this area, such as Zongteng Network and Huamao Logistics [3]. - The shipping sector is viewed as entering a left-side layout phase, with a focus on companies like Yangtze River Shipping and China Power [3]. - The report indicates that the VLCC freight rates have stabilized at the bottom and are expected to improve gradually [3]. - The report also discusses the performance of various shipping indices, noting a significant increase in the Baltic Dry Index and Shanghai Container Freight Index [4][26]. Summary by Sections Transportation Industry Performance - The transportation index decreased by 0.54%, underperforming the CSI 300 index by 1.42 percentage points [4]. - The cross-border logistics sector showed the highest increase of 0.28%, while the public transport sector experienced the largest decline of -2.78% [4]. Shipping and Logistics - The report emphasizes the strong performance of the Southeast Asian shipping sector, particularly companies like DeXiang Shipping and HaiFeng International [3]. - It notes that the SCFI index rose by 8.1%, indicating a positive trend in container shipping rates [3][24]. - The report highlights the importance of monitoring capacity adjustments and port congestion, which could impact freight rates [3][24]. Express Delivery - The express delivery sector is expected to maintain high growth rates, with a focus on companies like SF Holdings and JD Logistics [3]. - The report suggests that the upcoming policies will optimize logistics costs, benefiting leading companies in the sector [3]. Aviation and Airports - The report indicates that the aviation market is transitioning into a stable phase, with expectations of increased passenger volume and potential recovery in ticket prices [37]. - It recommends several airlines, including China Eastern Airlines and Spring Airlines, as key players to watch [37]. Rail and Road Transport - The report notes the resilience in railway freight volumes and highway truck traffic, suggesting steady growth in these sectors [3]. - It highlights investment opportunities in high-dividend stocks and potential value management catalysts in the highway sector [3].

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。 Hangzhou SF Intra-city Industrial Co., Ltd. 杭州順豐同城實業股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：9699） 重選職工代表監事 本公告乃杭州順豐同城實業股份有限公司（「本公司」，連同其附屬公司統稱「本集 團」）所刊發。 本公司第二屆監事會（「監事會」）的任期將於2025年6月20日屆滿。根據本公司的 公司章程，職工代表監事通過職工代表大會選舉產生。本屆監事會職工代表監事 宿曉慧女士（「宿女士」）於2025年6月5日舉行的職工代表大會上獲重選為第三屆 監事會職工代表監事。宿女士的履歷資料載列如下： 宿曉慧女士，46歲，為本公司的監事。宿女士於2019年10月獲委任為監事。宿女 士於人力資源領域擁有逾20年經驗。宿女士於2005年7月加入順豐控股股份有限 公司（「順豐控股」，連同其附屬公司統稱「順豐控股集團」），於2017年9月至20 ...

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通告的內容概不負責，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通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。 Hangzhou SF Intra-city Industrial Co., Ltd. 杭州順豐同城實業股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：9699） 通過普通決議案： – 1 – 2(i)(a). 重選孫海金先生為本公司執行董事； 2(i)(b). 重選陳希文先生為本公司執行董事； 2(i)(c). 重選陳霖先生為本公司執行董事； 2(i)(d). 重選耿艷坤先生為本公司非執行董事； 2(i)(e). 重選李菊花女士為本公司非執行董事； 2(i)(f). 重選李秋雨先生為本公司非執行董事； 2(i)(g). 重選韓鎏先生為本公司非執行董事； 2(i)(h). 重選陳覺忠先生為本公司獨立非執行董事； 2(i)(i). 重選王克勤先生為本公司獨立非執行董事； 承董事會命 杭州順豐同城實業股份有限公司 股東週年大會補充通告 茲提述本公司日期為2025年4月28日的杭州順豐同城 ...

此乃要件 請即處理 閣下如對本通函任何方面或應採取的行動有任何疑問，應諮詢 閣下的持牌證券交易商、銀行經 理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓名下所有杭州順豐同城實業股份有限公司的股份，應立即將本通函連同隨附的 代表委任表格及回執送交買主或承讓人或經手買賣或轉讓的銀行或持牌證券交易商或其他代理商， 以便轉交買主或承讓人。 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通函的內容概不負責，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通函全部或任何部分內容所產生或因倚賴該等內容 而引致的任何損失承擔任何責任。 Hangzhou SF Intra-city Industrial Co., Ltd. 杭州順豐同城實業股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：9699） 建議重選董事 及 建議重選股東代表監事 及 建議續聘羅兵咸永道會計師事務所為本公司核數師 及 股東週年大會補充通告 本補充通函應與本公司日期為2025年4月28日的通函及本公司謹訂於2025年6月20日（星期五）上午 十時正以通訊方式舉行的股東週年大會（「股東週年大會」）的通告一併閱讀 ...

Group 1 - The consumption market during the Dragon Boat Festival is thriving, with 119 million domestic trips made, a year-on-year increase of 5.7%, and total spending reaching 42.73 billion RMB, up 5.9% [1] - Instant delivery services have effectively met the demand for personalized gifting during the festival, with significant growth in orders for cakes and flowers, particularly through the "one-to-one" delivery model [2][5] - The competition among food delivery platforms continues to intensify, with companies like Taobao, JD, and Meituan offering promotions to expand instant retail consumption scenarios, benefiting third-party delivery services [7] Group 2 - The demand for beverages, fast food, and supermarket goods has surged, with instant delivery services playing a crucial role in supporting holiday consumption [7][8] - Collaboration with major retail brands like Sam's Club and Yonghui Supermarket has led to significant growth in order volumes across various categories, ensuring that essential items are readily available for consumers [8] - The integration of diverse instant delivery services has revitalized traditional holiday experiences, allowing consumers to enjoy both at-home celebrations and immersive cultural activities [8]

Group 1 - Nvidia has regained its title as the world's most valuable company, surpassing Microsoft with a market capitalization of $3.45 trillion, following a stock price increase of approximately 3% to $141.40, and a nearly 24% rise over the past month despite export control and tariff concerns [1] - TSMC's chairman, Wei Zhejia, confirmed that the company will not establish a factory in the Middle East, dismissing rumors and stating that TSMC has begun receiving advanced chip orders related to humanoid robots, which have already made a preliminary contribution to revenue [1] Group 2 - Huawei's WATCH 5 will integrate DeepSeek, combining the Pangu large model with a sports health professional model to analyze over 200 indicators in the sports health field [2] - Huawei is set to launch the Pura 80 series and other new products on June 11 [3] Group 3 - Xiaomi has transferred multiple "kimi" trademarks to Beijing Moonlight Technology, which was established in April 2023, focusing on software development and AI applications [4] - Xiaomi's automotive business is expected to achieve profitability in the second half of this year, with the latest model, YU7, having a development budget of 3.5 billion yuan [5] - Xiaomi aims to sell 200 million smartphones globally annually, having already entered the top two in the domestic market [5] Group 4 - SF Express has expanded its unmanned vehicle service network to cover 38 major cities in China, with an operational scale of 200 vehicles and over 10,000 active routes in May [7] - The Ministry of Industry and Information Technology and four other departments have launched a campaign to promote the use of new energy vehicles in rural areas [8]

Group 1: Postal and Express Delivery Industry - During the Dragon Boat Festival holiday, the national postal and express delivery industry collected over 1.511 billion packages, representing a year-on-year growth of 19.4% [1] - The growth in the express delivery sector is attributed to the booming e-commerce market and the deepening of consumers' online shopping habits [1] - The application of intelligent equipment has improved logistics efficiency and reduced operational costs, further promoting high-quality development in the industry [1] Group 2: Autonomous Delivery Vehicles - SF Express announced that its fleet of autonomous delivery vehicles has increased to 200 units, covering 38 major cities nationwide [2] - The monthly active routes for these vehicles exceeded 10,000 in May [2] - The deployment of autonomous vehicles enhances logistics delivery efficiency and reduces labor costs, strengthening SF Express's competitiveness in the same-city delivery market [2] Group 3: Artificial Intelligence Development - Zero One Everything has established a smart technology company in Beijing with a registered capital of 100 million yuan, focusing on software development and AI applications [3] - The rapid development of artificial intelligence technology provides significant growth opportunities for related enterprises [3] - Zero One Everything aims to expand its business layout in software development and AI applications, necessitating continued investment in technology research and development [3] Group 4: Ride-Hailing Demand - Didi Chuxing reported a 31% year-on-year increase in ride-hailing demand during the Dragon Boat Festival holiday [4] - Dining and shopping venues were the top two popular scenarios for ride-hailing demand [4] - The increase in holiday travel demand reflects the recovery of the tourism market and consumers' reliance on convenient transportation services [4]