Investment Rating - The report maintains an "Overweight" rating for the transportation industry [7] Core Views - The report highlights three main investment themes for February: aviation, oil shipping, and road transportation, driven by the Spring Festival travel peak and geopolitical factors [1][2][3] - The aviation sector is expected to benefit from improved supply-demand dynamics, with a focus on major airlines [1][2] - Oil shipping is anticipated to see price increases due to geopolitical tensions affecting supply [1][3] - The road transportation sector is viewed as a stable dividend asset amid market volatility, with specific recommendations for certain stocks [1][5] Aviation - The passenger load factor for 2025 is projected to rise to 85.1%, with ticket prices showing a mixed trend [2][14] - The Spring Festival is expected to catalyze stock price movements, with a forecast of 95 million passengers during the travel period, a 5.3% increase year-on-year [16][28] - The report notes that fuel price increases are manageable, as fuel surcharges can cover most cost increases [20][21] Oil Shipping - In January, oil shipping rates continued to strengthen due to increased demand from geopolitical tensions in Venezuela and Iran [3][34] - The report indicates that oil shipping rates are expected to rise further post-Spring Festival, despite a potential short-term dip during the holiday season [34][36] Logistics - The express delivery sector is experiencing a slowdown in volume growth, while prices remain stable [4] - There are signs of recovery in the hazardous materials logistics sector, driven by improved supply-demand dynamics in the upstream chemical industry [4] Road Transportation - The road transportation sector is characterized by high demand for both passenger and freight services, with a notable increase in short-distance travel during the Spring Festival [5][28] - The report recommends specific stocks in the road sector, highlighting their potential for stable returns amid market fluctuations [1][5] Airport Operations - The report emphasizes the steady growth in passenger throughput at listed airports, with international routes contributing significantly to this growth [28] - It also notes that new capacity coming online may impact profitability, particularly for airports undergoing capital expenditure cycles [28][33]

证券之星消息，截至2026年2月4日收盘，顺丰控股(002352)报收于38.47元，上涨2.12%，换手率 0.78%，成交量37.03万手，成交额14.14亿元。 2月4日的资金流向数据方面，主力资金净流入1.65亿元，占总成交额11.7%，游资资金净流出1695.23万 元，占总成交额1.2%，散户资金净流出1.48亿元，占总成交额10.5%。 近5日资金流向一览见下表： | | | | | 日期 收盘价 涨跌幅 主力净流入 主力净占比 游资净点比 游资净占比 散户净占比 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2026-02-04 | 38.47 | 2.12% | 1.65 Z | 11.70% | -1695.23万 | -1.20% | -1.48 Z | -10.50% | | 2026-02-03 | | 37.67 0.83% | 1.29 亿 | 15.92% | -4930.96万 | -6.09% | -7952.01万 | -9.83% | | 2026-02-02 | | 37.36 ...

Core Viewpoint - The logistics sector experienced a rise of 1.86% on February 4, with Tian Shun Co. leading the gains, while the overall market indices also showed positive movement [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4102.2, up by 0.85% [1]. - The Shenzhen Component Index closed at 14156.27, increasing by 0.21% [1]. Group 2: Top Gainers in Logistics Sector - Tian Shun Co. (002800) closed at 17.89, with a gain of 5.92% and a trading volume of 94,000 shares, amounting to a transaction value of 167 million yuan [1]. - ST Xuefa (002485) closed at 4.24, up by 4.95% with a trading volume of 50,400 shares [1]. - Milkewei (603713) closed at 63.10, increasing by 3.73% with a trading volume of 26,600 shares [1]. - YTO Express (600233) closed at 17.70, up by 3.69% with a trading volume of 197,100 shares [1]. - Jianfa Co. (600153) closed at 69.6, gaining 3.53% with a trading volume of 319,100 shares [1]. Group 3: Fund Flow in Logistics Sector - The logistics sector saw a net inflow of 172 million yuan from institutional investors, while retail investors experienced a net outflow of 70.86 million yuan [2]. - Major stocks like SF Holding (002352) had a net inflow of 165 million yuan from institutional investors, but a net outflow of 16.95 million yuan from retail investors [3]. - Jianfa Co. (600153) had a net inflow of 52.36 million yuan from institutional investors, with a net outflow of 36.65 million yuan from retail investors [3].

每经AI快讯，2月4日，顺丰控股涨近5%，截至发稿涨4.74%，报36.68港元，成交额1.12亿港元。 ...

顺丰控股（002352）(06936)涨近5%，截至发稿，涨4.74%，报36.68港元，成交额1.12亿港元。 消息面上，国海证券指出，随着深入推进"激活经营"机制落地，2025年前三季度已初见成效。一方面， 公司持续推进运营网络升级，强化高品质时效服务的运营保障，另一方面，2025年以来公司深入推 进"激活经营"机制落地，带动前三季度公司业务量同比增长28.3%；后续，随着公司调优市场策略，利 润率有望稳步修复。 国盛证券（002670）认为，顺丰时效业务与综合物流布局对经济周期敏感度较高。随着国内经济温和复 苏，公司"增益计划"下业务结构调整效果逐步显现，业绩有望重回增长轨道；估值处于历史低位，具备 业绩与估值双重修复弹性。 ...

国盛证券认为，顺丰时效业务与综合物流布局对经济周期敏感度较高。随着国内经济温和复苏，公 司"增益计划"下业务结构调整效果逐步显现，业绩有望重回增长轨道；估值处于历史低位，具备业绩与 估值双重修复弹性。 智通财经APP获悉，顺丰控股(06936)涨近5%，截至发稿，涨4.74%，报36.68港元，成交额1.12亿港元。 消息面上，国海证券指出，随着深入推进"激活经营"机制落地，2025年前三季度已初见成效。一方面， 公司持续推进运营网络升级，强化高品质时效服务的运营保障，另一方面，2025年以来公司深入推 进"激活经营"机制落地，带动前三季度公司业务量同比增长28.3%；后续，随着公司调优市场策略，利 润率有望稳步修复。 ...

今日看点 2月4日重点关注的财经要闻与资本市场大事： 1、国新办将举行锚定农业农村现代化、扎实推进乡村全面振兴有关情况新闻发布会 2月4日上午10时，国新办将举行新闻发布会，中央财经委员会办公室分管日常工作的副主任、中央农村工作领导小组办公室主任韩文秀，中央财经委员会办 公室副主任、中央农村工作领导小组办公室副主任祝卫东介绍锚定农业农村现代化、扎实推进乡村全面振兴有关情况，并答记者问。 2、1.84亿元市值限售股今日解禁 2月4日，共有7家公司限售股解禁，合计解禁量为1654.97万股，按最新收盘价计算，合计解禁市值为1.84亿元。 2月4日，33家公司共发布33个股票回购相关进展。其中，2家公司首次披露股票回购预案，25家公司披露股票回购实施进展，6家公司回购方案已实施完毕。 从首次披露回购预案来看，中航西飞、凯龙高科分别拟回购不超780.21万元、498.6万元。从回购实施进展来看，顺丰控股、贵州茅台、恒铭达回购金额最 高，分别回购20.0亿元、5.71亿元、3.0亿元。 4、5家公司披露定增进展 2月4日，A股共5家公司发布定增相关公告。其中4家公司披露股票定增预案，1家公司定增方案已完成。从当日最新披 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 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。 本次回购符合相关法律法规的要求，符合既定的回购方案。 二、其他说明 公司回购股份的时间、回购股份数量及集中竞价交易的委托时段符合《深圳证券交易所上市公司自律监 管指引第9号一一回购股份》第十七条、十八条的相关规定。 1、公司未在下列期间内回购股票： （1）自可能对本公司股票交易价格产生重大影响的重大事项发生之日或者在决策过程中，至依法披露 之日内； （2）中国证监会及深圳证券交易所规定的其他情形。 基于对未来发展前景的信心和对自身价值的高度认同，顺丰控股股份有限公司（以下简称"公司"）于 2025年4月28日召开第六届董事会第二十次会议审议通过《关于2025年第1期A股回购股份方案的议 案》，并于2025年10月30日召开第六届董事会第二十五次会议审议通过《关于调整2025年第1期A股回 购股份方案的议案》，调整后本次回购股份方案为：回购资金总额不低于人民币15亿元且不超过人民币 30亿元，回购股份的种类为公司发行的A股社会公众股，回购价格不超过人民币60元/股（因 ...

Industry Overview - The low-altitude economy is a crucial sector in China's strategic emerging industries, transitioning from pilot exploration to large-scale and standardized development, with an urgent need for improved institutional frameworks [1] - A national-level standard system for the low-altitude economy has been officially released, laying a solid institutional foundation for high-quality industry development [1] Standardization and Regulatory Framework - The "Guidelines for the Construction of Low-Altitude Economic Standard System (2025 Edition)" was jointly issued by ten government departments, aiming to establish a basic standard system by 2027 and over 300 standards by 2030 [1][4] - The guidelines aim to clarify technical rules and market expectations across the low-altitude economy industry chain, removing barriers to large-scale development caused by standardization issues [2] Company Developments - Zhejiang Wanfeng Aviation (002085) has acquired core assets from German eVTOL company Volocopter, integrating advanced technologies to create a multi-scenario product matrix including fixed-wing, vertical take-off and landing aircraft, and drones [2] - Zhejiang Jindun Wind Power Co., Ltd. has established a wholly-owned subsidiary to focus on the research and industrialization of ducted fans, achieving successful ground performance and reliability verification [3] - SF Holding (002352) has launched the first "air-ground collaborative" smart logistics operation center in Shenzhen and is expanding its low-altitude logistics network in the Guangdong-Hong Kong-Macao Greater Bay Area [3] Future Outlook - The new Civil Aviation Law of the People's Republic of China will take effect in July 2026, further supporting the low-altitude economy [4] - The "four-dimensional integration" standard system established by the guidelines will align with new policies, providing safety, efficiency, and collaboration to support the large-scale development of the low-altitude economy [4]

2月3日主力资金净流入1.29亿元；游资资金净流出4930.96万元；散户资金净流出7952.01万元。 截至2026年2月3日收盘，顺丰控股(002352)报收于37.67元，上涨0.83%，换手率0.45%，成交量21.6万 手，成交额8.09亿元。 当日关注点 交易信息汇总资金流向 顺丰控股股份有限公司基于对未来发展前景的信心和对自身价值的高度认同，自2025年9月3日起实施A 股股份回购。截至2026年2月3日，公司通过集中竞价方式累计回购A股股份50,958,489股，占公司总股 本的1.01%，回购总金额约为1,999,829,393.32元（不含交易费用），平均成交价为39.24元/股，最高成 交价42.23元/股，最低成交价37.07元/股。本次回购符合相关法律法规及既定回购方案的要求。公司后 续将在回购期限内继续实施回购计划，并按规定履行信息披露义务。 公司公告汇总关于回购公司A股股份的进展公告 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 顺丰控股股份有限公司基于对未来发展前景的信心和对自身价值的高度认同，实施 ...