Core Viewpoint - The express delivery industry is transitioning towards high-quality development, focusing on compliance and rational competition while maintaining high growth rates in 2026 [1][2]. Group 1: Industry Growth and Trends - The 2026 National Postal Work Conference indicates that the express delivery industry will continue to grow, with an expected business volume of 2.14 billion packages, representing an approximate 8% year-on-year increase [3]. - In 2025, the national express business revenue reached 1.5 trillion yuan, with a year-on-year growth of 6.5%, while the business volume was 1.99 billion packages, growing by 13.7% [3]. - The industry is expected to maintain a double-digit growth rate in express volume due to policies aimed at boosting consumption [3]. Group 2: Pricing Strategies - The conference emphasized the need to shift from traditional reliance on scale and speed to qualitative improvements and reasonable growth, discouraging the "price for volume" model [2]. - In 2025, several regions in China raised express delivery prices, with increases ranging from 0.3 to 0.5 yuan per package, indicating a general acceptance among customers [3][4]. - The price adjustments are seen as necessary for the industry's healthy development, allowing for adequate profit margins to support investments in service quality [4]. Group 3: Technological Advancements - The industry is witnessing an increase in the application of technology, including the deployment of over 3,000 unmanned delivery vehicles, which have significantly reduced transportation costs by 50% [6]. - Companies like Yunda are investing in AI technologies to enhance customer service and operational efficiency, developing tailored solutions for the industry [6]. Group 4: International Expansion - The industry is encouraged to accelerate international expansion while adapting strategies to local market conditions, avoiding the direct replication of domestic pricing strategies [7]. - Jitu reported a 73.6% year-on-year increase in package volume in Southeast Asia, reaching 2.44 billion packages in Q4 2025, while also achieving significant growth in new markets [7]. - SF Express reported a 27% year-on-year growth in international express and cross-border e-commerce logistics revenue in Q3 2025, indicating a positive trend in international business [7].

Core Viewpoint - CWT International's subsidiary CWT Pte. Limited has entered into a memorandum of understanding with S.F. Express (Singapore) Pte. Ltd. to enhance collaboration in logistics services, focusing on warehousing, cold chain operations, and transportation [1][2] Group 1: Collaboration Details - The memorandum, effective from January 8, 2026, outlines the intent for cooperation in various logistics services, including general cargo warehousing, cold storage, container transportation, and local delivery in Singapore [1] - The agreement is valid for two years and can be extended for an additional year upon mutual consent, although it is not legally binding except for certain confidentiality and dispute resolution clauses [1] Group 2: Strategic Benefits - The partnership aims to leverage S.F. Express's strengths in cross-border express and air transport, combined with CWT Pte.'s expertise in local warehousing and cold chain operations, to create a comprehensive local logistics service matrix [1] - The collaboration will focus on key areas in international logistics, such as air and sea transport, cross-border customs clearance, and multimodal transport, to expand market opportunities and enhance operational efficiency [2] - The board believes that this alliance will provide significant value to cross-border e-commerce, international trade, and supply chain enterprises, offering a one-stop local and international logistics service that optimizes costs and reduces supply chain risks [2]

Group 1 - CWT International's subsidiary CWT Pte. Limited has signed a memorandum of understanding with S.F. Express (Singapore) Pte. Ltd., effective from January 8, 2026, to establish a foundation for collaboration in logistics services [1] - The memorandum outlines cooperation in various areas, including general cargo warehousing, cold storage, container transportation, fleet leasing, local express services, and opportunities for further collaboration in air and sea transport [1] - The memorandum is valid for two years and can be extended for an additional year upon mutual agreement, although it is not legally binding except for certain confidentiality and dispute resolution clauses [1] Group 2 - The partnership aims to leverage S.F. Express's strengths in cross-border express and air transport, combined with CWT Pte.'s expertise in local warehousing, cold chain operations, and customs clearance services [2] - The collaboration is expected to enhance operational stability and flexibility while optimizing overall costs in local logistics services [2] - In international logistics, the focus will be on deepening cooperation in air and sea transport, cross-border customs clearance, and multimodal transport, aiming to expand market opportunities and improve business efficiency [2] Group 3 - The board believes that the collaboration will provide significant value to cross-border e-commerce, international trade, and supply chain enterprises, offering a one-stop local and international logistics service [2] - Customers will benefit from improved cold chain support, expedited customs processes, reliable warehousing, and overall cost optimization, which will help reduce supply chain risks and enhance competitiveness [2] - The partnership is expected to create more value for shareholders through sustainable development and better responsiveness to market demand fluctuations [2]

Group 1 - CWT INT'L announced the effective date of a memorandum of understanding with S.F. Express (Singapore) Pte. Ltd. to establish a collaborative framework for various logistics services [1] - The collaboration will include general cargo warehousing, cold storage operations, container transportation, local express services, and opportunities for further cooperation in air and sea logistics [1] - The partnership aims to leverage S.F. Express's strengths in cross-border express and air transport with CWT Pte.'s expertise in local warehousing and cold chain operations to enhance logistics service offerings [2] Group 2 - The collaboration is expected to create a comprehensive local logistics service matrix, improving operational stability, flexibility, and cost optimization [2] - The focus will be on key areas such as air and sea transport, cross-border customs clearance, and multimodal transport to deepen cooperation in international logistics [2] - The partnership is projected to deliver significant value to cross-border e-commerce, international trade, and supply chain enterprises, enhancing competitiveness and sustainable development [2]

Group 1 - CWT INT'L announced the effective date of a memorandum of understanding with S.F. Express (Singapore) Pte. Ltd. to establish a collaborative framework for various logistics services [1] - The collaboration will include general cargo warehousing, cold storage operations, container transportation, local express services, and opportunities for further cooperation in air and sea logistics [1] - The partnership aims to leverage S.F. Express's strengths in cross-border express and air transport with CWT Pte.'s expertise in local warehousing and cold chain operations to enhance logistics service offerings [2] Group 2 - The collaboration is expected to create a comprehensive local logistics service matrix, improving operational stability, flexibility, and cost optimization [2] - The focus will be on key areas such as air and sea transport, cross-border customs clearance, and multimodal transport to deepen cooperation in international logistics [2] - The partnership is anticipated to provide significant value to cross-border e-commerce, international trade, and supply chain enterprises, enhancing competitiveness and sustainable development [2]

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之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公 告全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何 責任。 CWT INTERNATIONAL LIMITED （於香港註冊成立之有限公司） （股份代號：521） 自願性公告 有關建議合作備忘錄 本公告乃由 CWT International Limited（「本公司」，連同其附屬公司統稱 「本集團」）以自願性基準作出，以向本公司股東（「股東」）及潛在投資 者提供有關本集團最新業務發展之更新資料。 合作備忘錄 本公司董事（「董事」）會（「董事會」）欣然宣佈，於二零二六年一月八 日，本公司間接全資附屬公司 CWT Pte. Limited（「CWT Pte.」）與獨立第三 方 S.F. Express (Singapore) Pte. Ltd.（「順豐新加坡」，CWT Pte.與順豐新加坡 以下單稱「一方」，合稱為「雙方」）訂立的合作備忘錄（「備忘錄」）正式 生效，雙方以確定各自的合作意向，並根據該內容中規定的條款和條件，建 立合作及協作的基礎，包括但不限於 ( ...

证券之星消息，1月8日物流板块较上一交易日上涨0.1%，ST雪发领涨。当日上证指数报收于4082.98，下 跌0.07%。深证成指报收于13959.48，下跌0.51%。物流板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 002352 顺丰控股 | | 6709.77万 | 8.92% | -1551.75万 | -2.06% | -5158.02万 | -6.86% | | 002682 龙洲股份 | | 6106.00万 | 5.93% | 1508.88万 | 1.46% | -7614.88万 | -7.39% | | 600153 建发股份 | | 3106.24万 | 14.91% | -222.12万 | -1.07% | -2884.12万 | -13.84% | | 000626 远大控股 | | 1124.06万 | 14.22% | -1221.22万 | -15.45% ...

国泰海通发布研报称，2025年11月全行业快递件量同比+5%，继续维持个位数增速。反内卷下行业份额 集中趋缓，中通/圆通/韵达/申通25Q3净利率分别同比-0.9/+0.07/-1.5/+0.5pct，环比 +4.8/+0.5/-0.07/+0.6pct，头部企业普遍实现盈利能力修复，预计Q4盈利修复趋势将持续。考虑本轮反内 卷取得的良好效果，以及快递企业盈利修复后的正反馈效应，预计反内卷政策将有望持续，在件量继续 稳健增长的基础上保障行业良性竞争与盈利能力继续修复。 国泰海通主要观点如下： 快递件量增速Q4降至个位数，双十一大促峰值继续平滑 2025年11月全行业快递件量同比+5%，继续维持个位数增速。过去两年轻小件是驱动件量维持较快增长 的重要驱动，2025年7月以来快递反内卷有效推动电商快递行业性价格修复，推测或影响轻小件增长趋 势并提升快递需求品质。其中，电商双十一大促期间件量同比+9%，较2024年大促日均件量21%的增速 放缓，或源于2024年大促首次大幅延长造就高基数，及2025年大促进一步提前启动致件量前移。 大促日均件量是日常的1.18倍，单日件量峰值同比+6.6%，均连续三年收窄，反映大促 ...

旅客操作上，分存包、寄件、取包三步。以到达天府机场为例，旅客可前往天府机场到达层A1出 口外丰巢柜，按操作指引下单后，把行李放入弹出的柜口完成存包；接着扫描寄件二维码，填写 寄件人姓名和电话完成下单，顺丰将行李配送到双流机场T1出发大厅丰巢柜；旅客凭取件码于当 日11时后到双流机场T1二楼双机场转运丰巢柜取出行李。需要注意的是，享受此服务要求国内段 和国际段航班机票均为川航出售。 此前，双流机场已推出另一项行李配送服务，乘坐"北上广深乌拉杭宁"精品商务快线的旅客，可 享受成都市八大区域（青羊区、金牛区、成华区、锦江区、武侯区、高新区、温江区、双流区） 往返双流机场"门到港、港到门"行李配送服务。截至2025年12月，该服务累计下单超过10000单。 本报讯（四川日报全媒体记者 兰珍）1月7日，记者从四川航空获悉，即日起，四川航空联合双流 机场、天府机场以及顺丰速运，推出成都天府机场—双流机场跨场中转行李免费代转运服务。旅 客购买符合时间衔接标准的川航双流机场国内段和天府机场国际段航班机票，即可享受行李免费 代转运服务，实现"甩手中转"。 具体安排上，双流机场至天府机场方向，旅客若乘坐计划落地时间早于17时的双 ...

（文章来源：证券日报） 证券日报网讯 1月7日，顺丰控股在互动平台回答投资者提问时表示，顺丰作为独立第三方综合物流服 务提供商，在流量趋于分散化的背景下，可提供完善的产品矩阵，赋能各大平台端、商品端、客户端。 ...