证券代码：002352 证券简称：顺丰控股 公告编号：2025-055 顺丰控股股份有限公司 关于审计机构变更项目质量复核合伙人的公告 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，没有虚假记载、误导性 陈述或重大遗漏。 顺丰控股股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召开了第 六届董事会第二十次会议，审议通过了《关于续聘 2025 年度审计机构的议案》， 同意继续聘任普华永道中天会计师事务所（特殊普通合伙）（以下简称"普华永 道中天"）为公司 2025 年度境内审计机构。该议案已经 2025 年 6 月 13 日召开 的公司 2024 年年度股东大会审议通过。具体内容详见公司分别于 2025 年 4 月 29 日、2025 年 6 月 14 日在巨潮资讯网（www.cninfo.com.cn）上披露的公告。 公司于 2025 年 8 月 1 日收到普华永道中天发来的《普华永道中天会计师事 务所(特殊普通合伙)关于变更 2025 年度财务报表以及财务报告内部控制审计项 目质量复核合伙人的告知函》，现就具体情况公告如下： 一、项目质量复核合伙人变更情况 普华永道中天作为公司 ...

FF301 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 截至月份: 2025年7月31日 狀態: 新提交 | 2. 股份分類 | 普通股 | 股份類別 | A | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 002352 | 說明 | | A股 (於深圳證券交易所上市) | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,822,692,017 | RMB | | 1 | RMB | | 4,822,692,017 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 4,822,692,017 | RMB | | 1 | RMB | | 4,822,692,017 | 第 1 頁 共 10 頁 v 1.1.1 本月底法定/註冊股本總額： RMB 5,062,6 ...

Core Viewpoint - The acquisition of Cainiao Express by Shentong Express solidifies the oligopolistic structure of the domestic express delivery market, with the top seven companies controlling 90% of the market share [1] Group 1: Industry Consolidation - The acquisition of Cainiao Express for 362 million yuan by Shentong Express has led to a strong market reaction, with Shentong's stock hitting the limit up and a surge in institutional research [1] - Since 2020, leading express companies have been restructuring through mergers and acquisitions, marking a transition from a chaotic competitive landscape to a more consolidated "Seven Warring States" era [1][2] Group 2: Strategic Differentiation - Major express companies have engaged in significant mergers and acquisitions over the past five years, with notable transactions including Jitu's acquisitions of Best Express and Fengwang, and JD's acquisitions of Debon and Kuaixun [2] - The motivations behind these transactions include focusing on core businesses and expanding scale, with sellers aiming to streamline operations while buyers seek growth opportunities [2][4] Group 3: Financial Performance and Challenges - Data indicates that both Daniao and Fengwang have been struggling financially, with Daniao reporting a revenue of 12.35 billion yuan and a net profit of only 2.01 million yuan last year, while Fengwang faced a loss of 747 million yuan in 2022 [4] - The ongoing price war in the express delivery industry has led to significant pressure on profit margins, with average ticket prices dropping by 20%-30% since 2020, causing many franchise-based companies to face stagnation in revenue despite growth in volume [10][12] Group 4: Regulatory Environment - The regulatory body has intervened to curb the price war, with measures introduced in 2022 to prohibit below-cost pricing and market manipulation, resulting in a temporary rebound in ticket prices [10][12] - In 2025, the National Postal Administration reiterated its stance against "involutionary competition," signaling a strong push for industry consolidation through mergers and acquisitions [12] Group 5: Future Outlook - The wave of mergers and acquisitions in the express delivery industry is seen as a collective evolution following the end of the price war, with expectations of continued market reshuffling [13] - The industry may evolve into a domestic oligopoly with international ecological collaboration, as major players leverage their networks and technology assets to enhance competitiveness [13][16]

Investment Rating - The report rates the express delivery industry as "Overweight" indicating a positive outlook for the sector [3][4]. Core Insights - The National Postal Administration held a meeting on July 29, 2025, to discuss the promotion of high-quality development in the express delivery industry and to address issues related to "involution" competition [4]. - In the first half of 2025, the express delivery business volume grew by 19.3% year-on-year, but the industry average price fell more than expected, leading to a decline in stock prices for major companies [4]. - The report anticipates a potential price stabilization and recovery in the express delivery sector due to favorable policies, which could lead to significant valuation recovery for companies in the industry [4]. Summary by Sections Price Elasticity of Profits - The report provides scenarios for profit elasticity based on potential price increases in August 2025, with different assumptions for price hikes in various regions [4]. - Under a neutral scenario, if prices increase by 0.2 yuan in key areas, net profits for major companies are projected to be: Zhongtong 10.3 billion, Yuantong 4.5 billion, Yunda 2.0 billion, and Shentong 1.9 billion, reflecting year-on-year growth of 1.4%, 12.6%, 5.2%, and 86.9% respectively [4]. - In an optimistic scenario, with a nationwide price increase, net profits could rise to: Zhongtong 11.4 billion, Yuantong 5.4 billion, Yunda 2.7 billion, and Shentong 2.7 billion, with growth rates of 12.0%, 34.4%, 43.4%, and 157.5% respectively [4]. Company Valuation - The report includes a valuation table for key companies in the express delivery sector, with projected net profits and price-to-earnings (PE) ratios for 2025, 2026, and 2027 [7]. - For example, Zhongtong Express is projected to have a net profit of 95.4 billion yuan in 2025 with a PE ratio of 12, while Yuantong Express is expected to have a net profit of 20.05 billion yuan with a PE of 11 [7].

证券之星消息，8月1日物流板块较上一交易日上涨1.57%，华鹏飞领涨。当日上证指数报收于3559.95， 下跌0.37%。深证成指报收于10991.32，下跌0.17%。物流板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300350 | 华脆飞 | 6.71 | 7.88% | 117.89万 | | 8.21亿 | | 872351 | 华米渡海 | 30.35 | 7.82% | 5.05万 | | 1.54亿 | | 600233 | 同 阅读诗 | 15.73 | 6.79% | 104.45万 | | 16.69 Z | | 002468 | 申通快递 | 16.20 | 6.23% | 101.98万 | | 16.77亿 | | 002120 | 韵达股份 | 8.07 | 6.18% | 224.38万 | | 18.51亿 | | 603056 | 德邦股份 | 16.20 | 4.11% | 56.00万 | | 9.17亿 | | 0 ...

导语：顺丰控股何捷年薪 785 万，领先第二名 500 万，同时也超过交通运输行业上市公司 CFO 77 万平均年薪的 10 倍。 专题：专题|2024年度A股CFO数据报告：美的集团钟铮年薪946万，比亚迪周亚琳896万 作为上市公司核心管理层关键成员，财务总监CFO的地位与作用至关重要。新浪财经《2024年度A股CFO数据报告》显示，2024年A股上市公司财务总监 CFO群体薪酬规模合计达42.70亿元，平均年薪为81.48万元。 分行业来看，A股和新三板交通运输行业（申万一级）进入统计的上市公司共116家，CFO薪酬合计金额8826万元，平均年薪约76.75万元，中位数约61万 元。 其中，顺丰控股CFO何捷年薪最高，达784.8万元，领先第二位渤海轮渡CFO薛锋超500万元，年薪在业内可谓一枝独秀。 责任编辑：公司观察 | 上市公司 | 行业(申万一级) | CFO | सें हि | 学历 | 薪酬(万) | 营收增速 | | --- | --- | --- | --- | --- | --- | --- | | 顺丰控股 | 交通运输 | 何捷 | ਥਰੇ | 本科 | 784.8 | 10.1 ...

金十图示：2025年08月01日（周五）富时中国A50指数成分股今日收盘行情一览：银行股走势分化，石油、证券、医药股走软 富时中国A50指数连续 光大银行 2392.96亿市值 6.38亿成交额 4.05 0.00(0.00%) 保险 中国太保 中国平安 中国人保 机械 3608.68亿市值 3569.15亿市值 10598.36亿市值 9.02亿成交额 28.60亿成交额 6.15亿成交额 58.20 37.10 8.16 -0.36(-0.96%) -0.49(-0.83%) -0.02(-0.24%) 酿酒行业 贵州茅台 山西汾酒 五粮液 17800.32亿市值 2182.64亿市值 4696.75亿市值 42.01亿成交额 9.39亿成交额 14.91亿成交额 1417.00 178.91 121.00 -4.67(-0.33%) -0.09(-0.05%) -0.15(-0.12%) 半导体 海光信息 北方华创 寒武纪-U HYGON 2379.85亿市值 2882.85亿市值 3201.78亿市值 49.98亿成交额 18.35亿成交额 31.52亿成交额 329.80 689.10 137.75 ...

7月29日，国家邮政局召开快递企业座谈会。中通、圆通、韵达、申通、极兔等快递企业相关负责人围绕会议主题 进行交流并提出意见和建议。 会议主题直指行业两大痛点：愈演愈烈的"内卷式"竞争和屡禁不止的农村地区违规收费问题。 （图源：人民日报） "各企业负责人要进一步增强大局意识，认真贯彻落实党中央、国务院工作部署。"国家邮政局局长赵冲久在会上 强调，快递企业总部必须履行好主体责任，创新经营模式，提升农村地区快递服务的适应性和可持续性。 "内卷式"竞争严重影响行业发展 文 / 现代物流报记者 贾奥胜 此次座谈会是继7月8日国家邮政局党组会议"旗帜鲜明反对'内卷式'竞争"后，月内再次发出整治信号。 会议提出多维治理路径：快递企业总部需强化合规意识，健全长效机制，深入排查风险隐患；邮政管理部门则要 加大监管执法力度，维护消费者和快递从业人员合法权益。此次整治强调推进快递业党建工作，完善党建体制机 制，强化对行业治理的政治引领。 （图源：新华网） 长久以来，价格战正在不断地吞噬行业利润，已演变为一场没有赢家的消耗战。国家邮政局公布数据显示，2025 年上半年全国快递业务量累计达956.4亿件，同比增长19.3%，但招商证券 ...

-0.02(-0.35%) +0.09(+0.80%) +0.03(+0.37%) 光大银行 2392.96亿市值 3.88亿成交额 4.05 0.00(0.00%) 得經 中国太保 中国平安 中国人保 0 3626.37亿市值 10660.27亿市值 3615.32亿市值 4.24亿成交额 13.91亿成交额 3.56亿成交额 58.54 37.58 8.20 +0.12(+0.32%) -0.15(-0.26%) +0.02(+0.24%) 酿酒行业 贵州茅台 山西汾酒 五粮液 17807.86亿市值 2176.17亿市值 4692.86亿市值 25.26亿成交额 8.45亿成交额 5.58亿成交额 1417.60 178.38 120.90 -0.62(-0.35%) -4.07(-0.29%) -0.25(-0.21%) 半导体 北方华创 寒武纪-U 海光信息 HYGON 2381.29亿市值 2907.41亿市值 3220.14亿市值 12.26亿成交额 30.95亿成交额 21.51亿成交额 138.54 330.00 694.97 -5.20(-1.55%) -14.53(-2.05%) -0. ...

仅有机 甲国恢电 中观时代 (发名) 2422.60亿市值 1890.20亿市值 6811.95亿市值 16.55亿成交额 72.09亿成交额 9.87亿成交额 15.64 9.19 27.84 -0.34(-2.13%) -0.07(-0.76%) -0.86(-3.00%) 证券 电池 中信证券 宁德时代 国泰海通 C CATL 4300.92亿市值 3578.83亿市值 12064.85亿市值 41.47亿成交额 29.90亿成交额 120.89亿成交额 29.02 20.30 264.62 -0.76(-2.55%) -0.56(-2.68%) -12.47(-4.50%) 消费电子 互联网服务 XD工业富 立讯精密 东方财富 a Lond Fil 6873.36亿市值 2656.41亿市值 3671.28亿市值 105.15亿成交额 37.40亿成交额 104.38亿成交额 34.61 23.23 36.63 -1.11(-2.94%) -0.58(-2.44%) +1.97(+6.04%) 家电行业 食品饮料 海天味业 格力电器 kk 海尔智家 2330.72亿市值 2244.17亿市值 2555 ...