圆通速递股份有限公司2025 年半年度报告 圆通速递股份有限公司 2025 年半年度报告 2025 年 8 月 1 / 247 公司代码：600233 公司简称：圆通速递 圆通速递股份有限公司2025 年半年度报告 重要提示 一、本公司董事局、监事会及董事、监事、高级管理人员保证半年度报告内容的真实 性、准确性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带 的法律责任。 二、公司全体董事出席董事局会议。 三、本半年度报告未经审计。 四、公司负责人喻会蛟、主管会计工作负责人王丽秀及会计机构负责人（会计主管人 员）黄博声明：保证半年度报告中财务报告的真实、准确、完整。 五、董事局决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的前瞻性描述不构成公司对投资者的实质承诺，敬请投资者注意 投资风险。 七、是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、是否存在违反规定决策程序对外提供担保的情况 否 2 / 247 圆通速递股份有限公司2025 年半年度报告 九、是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性 ...

圆通速递公告，2025年上半年营业收入358.83亿元，同比增长10.19%。净利润18.31亿元，同比下降 7.90%。 ...

Core Viewpoint - The express delivery industry in China is experiencing a "volume increase and price drop" trend, prompting companies to focus on international markets for higher profits amid intensified domestic competition [1][4]. Industry Overview - The express delivery sector is a crucial part of the modern circulation system, connecting various industries and integrating online and offline services [3]. - In the first seven months of this year, China's express delivery volume reached 1,120.5 billion pieces, marking an 18.7% year-on-year increase [4]. Market Dynamics - The industry is projected to exceed 2.5 trillion pieces by 2030, with a compound annual growth rate of 8%-10%, leading to a market size surpassing 2.8 trillion yuan [4]. - Despite revenue growth, express delivery companies face declining per-package income, indicating a significant challenge in the industry [5][6]. Company Performance - In July, SF Express reported revenue of 24.847 billion yuan, a 9.95% increase, but with a 14.02% drop in per-package income [5]. - YTO Express, Yunda, and Shentong also reported revenue growth, but with continued declines in per-package income, highlighting the "volume increase and price drop" issue [5]. Competitive Landscape - The industry is shifting from a "low-price competition" model to a focus on service quality and efficiency, as companies aim to break the cycle of negative profit margins and declining service quality [6][7]. - Regulatory bodies are actively promoting measures to combat "involution" in competition, encouraging companies to enhance service quality rather than engage in price wars [6][7]. International Expansion - The global cross-border logistics market is expected to grow from 13.3 trillion yuan in 2020 to 18.6 trillion yuan by 2024, with a compound annual growth rate of 8.75% [8]. - Chinese express companies are accelerating their international expansion, with significant increases in their international development index [8][9]. - Companies like Cainiao and JD Logistics are enhancing their international logistics capabilities, establishing new routes and partnerships to improve service efficiency [9][10]. Future Outlook - The express delivery industry is expected to continue its internationalization, driven by the growth of cross-border e-commerce and international trade [10].

"快递费涨价了，电商人天塌了。"社交媒体上，做电商的老板们发布多条"焦虑"动态。 随后米可向记者算了一笔账，自己纯手工制作的穿戴甲，原料、制作、快递等成本平均在6~7元，若按9.99元出售，利润也就三五元。"加上涨价的0.4元， 利润下降了约三个百分点。" 若按主打款9.99元售价计算，每单利润原本能维持在3～5元；如今快递费涨了0.4元，利润空间被直接压缩，"算下来利润差不多降了3个点，本来就薄的利 润，现在更'抠'了"。 同样被快递费涨价困扰的，还有东莞美妆电商从业者雅雅（化名）。她收到的调价通知更"狠"，每单涨0.7元。"我每天要发600单左右，单这一项，每天 就得多掏420元，一个月下来新增成本超1.2万元。"雅雅直言，美妆品类利润本就透明，这笔额外支出直接让她的月利润"砍半"，"和同行聊下来，不同地 区、不同快递站的涨幅不一样，0.4~0.5元是普遍情况，我这0.7元的涨幅，真是心在滴血"。 面对利润下滑，小商家们只能各寻出路。米可开始在包装上"抠成本"，把原本的定制气泡袋换成通用款，取消了随单附赠的小贴纸；雅雅则打算取消店铺 内满减优惠券。"不到万不得已，真不敢涨商品价，毕竟小商品客群对价格特别敏 ...

Core Viewpoint - Recent price increases in express delivery services in Guangdong and Zhejiang are primarily targeting e-commerce clients with low shipping costs, with adjustments ranging from 0.3 to 0.7 yuan per order and a minimum price set at 1.4 yuan per order [1][4]. Group 1: Price Increase Details - Multiple express delivery companies in Guangdong and Zhejiang have raised prices for e-commerce clients, with Guangdong being a key area for these adjustments [4]. - The price increase has been in effect since early August, with variations depending on the individual company's circumstances [4]. - Affected e-commerce businesses are those with previously low shipping costs, particularly in regions like Guangzhou, Shenzhen, and Dongguan [2][4]. Group 2: Industry Reactions and Implications - Industry experts predict that more regions will follow suit in adjusting e-commerce delivery prices, which may improve the performance of express delivery companies in the short term [3][8]. - However, there is skepticism among industry insiders regarding whether the price increase will lead to a corresponding rise in courier wages, with many calling for a minimum wage for couriers instead [5][6]. Group 3: Long-term Industry Trends - The ongoing price war in the express delivery sector has led to significant pressure on companies, particularly those operating under a franchise model, resulting in declining revenue per shipment [7]. - Experts foresee potential mergers and acquisitions in the industry as a response to the current challenges, with a shift towards a more concentrated market [8][9]. - The recent price adjustments are viewed as a potential starting point for broader improvements in the industry, including better capital expenditure, technology development, and labor conditions [9].

全文共1346字，阅读大约需要3分钟 苏先生公司每月发货量超过10万件，0.3元/票的涨幅，每月成本要增加3万元。 近日，多地快递费上涨。消费者不一定能察觉到，但商家对此很清楚：单票贵了几毛钱，积少成多，成 本不可避免地被抬高。 有媒体调查发现，电商重镇广东、浙江多家快递公司目前已对电商客户涨价。其中广东是重点调价地 区，每件调价幅度在0.3元至0.7元之间，同时还设定1.4元/单的底线价。 广州电商苏先生（化名）表示，以他的发货量，一般可以和快递公司协商拿到更优惠的价格，且价格波 动很小。苏先生表示，他是和极兔速递合作，价格已经稳定了很长时间，但今年8月5日，极兔方面突然 告诉他要涨价0.3元/票，理由是"响应反内卷"。 对此，有媒体分别联系申通、圆通、韵达等快递公司的董秘办公室，圆通、韵达相关负责人都表示，价 格调整是省分公司决定的，不清楚具体状况。 资料图，图文无关 申通董秘办相关负责人称，此次价格反内卷聚集于浙江和广东，未来是否会扩展至全国还不确定。"因 为这两个地方是电商聚集地，尤其是广东，贡献了约25%的电商快递订单，因此相比于其他地区，广东 是快递发件的价格洼地。" 对发单量较大的电商来说，几毛 ...

新浪财经就此向圆通、申通官方进行求证，截至发稿，官方暂无回应。根据申通快递官方客服说法，安 徽滁州网点出现异常，恢复时间暂时无法确定。而圆通官方客服提供了当地营业网点电话，但无人接 听。 【#圆通申通安徽滁州网点无法寄快递##申通回应安徽滁州网点无法寄快递#】8月26日消息，近日，小 红书等社交媒体上不少安徽滁州网友的表示，自己购买的快递收不到货，还有网友表示商家因收件地址 在滁州而要求退货。据媒体报道，此次异常事件涉及滁州当地圆通、申通两大快递公司，受快递运送停 滞影响的网友主要来自滁州市南谯区、琅琊区、来安县。@新浪财经 实测发现，截至8月26日，在滁州 当地依然不能正常使用圆通、申通进行快递寄送服务。 据多位安徽小红书网友爆料指出，此次圆通、申通快递异常原因系当地快递员被拖欠工资。新浪财经就 此向圆通、申通进行求证，截至发稿官方暂无回应。（新浪财经） ...

据多位安徽小红书网友爆料指出，此次圆通、申通快递异常原因系当地快递员被拖欠工资。新浪财经就 此向圆通、申通进行求证，截至发稿官方暂无回应。（罗宁） 8月26日消息，近日，小红书等社交媒体上不少安徽滁州网友的表示，自己购买的快递收不到货，还有 网友表示商家因收件地址在滁州而要求退货。据媒体报道，此次异常事件涉及滁州当地圆通、申通两大 快递公司，受快递运送停滞影响的网友主要来自滁州市南谯区、琅琊区、来安县。新浪财经实测发现， 截至8月26日，在滁州当地依然不能正常使用圆通、申通进行快递寄送服务。 新浪财经就此向圆通、申通官方进行求证，截至发稿，官方暂无回应。根据申通快递官方客服说法，安 徽滁州网点出现异常，恢复时间暂时无法确定。而圆通官方客服提供了当地营业网点电话，但无人接 听。 责任编辑：郭栩彤 ...

Core Viewpoint - YTO Express reported a decline in net profit despite a revenue increase, indicating potential challenges in profitability management [1] Financial Performance - As of Q1 2025, YTO Express achieved total revenue of 17.06 billion yuan, a year-on-year increase of 10.58% [1] - The net profit attributable to shareholders was 857 million yuan, reflecting a year-on-year decrease of 9.16% [1] - The non-recurring net profit was 810 million yuan, down 10.29% year-on-year [1] - The current ratio was 1.166, and the quick ratio was 1.151, indicating a stable liquidity position [1] - The debt-to-asset ratio stood at 31.68%, suggesting a moderate level of financial leverage [1] Stock Performance - As of August 25, 2025, YTO Express's stock closed at 17.57 yuan, down 0.96% [1] - The turnover rate was 0.97%, with a trading volume of 332,900 lots and a transaction amount of 585 million yuan [1] - There was a net outflow of main funds amounting to 60.65 million yuan, accounting for 10.37% of the transaction amount [1] Investment and Business Activities - YTO Express has made investments in 13 companies and participated in 16 bidding projects [2] - The company holds 13 patents and has obtained 3 administrative licenses [2] - Established in 1992 and headquartered in Dalian, YTO Express primarily engages in postal services [1]

今年4月，申通首批36台新能源重卡正式投入江浙沪23条核心干线运营，成为全国首家规模化应用新能 源重卡的快递品牌。 申通在引入电动重卡短短两个月后，运营数据出炉：以上海到淮安单向375公里线路为例，该线路车辆 月均行驶里程约11000公里，600度电量的电动重卡单公里电耗可控制在1.2度以内，单公里电费低至0.8 元，相较于传统油车1.8元的单公里能耗成本，每公里直接节省1元，单辆车每月便能节省1.1万元。 亿豹网按此测算，若利用夜间谷电充电，1.5-2年即可弥补与燃油重卡的购车差价。在车辆8年使用周期 内，剩余6年可为快递公司节省能耗成本57万元。这对精打细算的快递企业而言，降本效应极为明显。 数据显示，我国物流行业82%的运量依靠公路运输，但在成本与环保的双重夹击下，干线物流企业利润 率已经被压缩到极其敏感的程度。 快递行业降本增效的大环境下，加快干线车辆智能化与电动化进程，成为快递企业不二的选择。2025年 4月，申通购入首批36辆新能源重卡，并很快尝到了其带来的甜头。圆通则相继投入100台智能重卡，跑 出"智驾接龙"模式提升时效。 前7个月，新能源重卡累计销售8.22万辆，同比大增191%。对快递企业 ...