证券代码：002352 证券简称：顺丰控股 公告编号：2025-047 顺丰控股股份有限公司 关于回购公司 A 股股份的进展公告 二、其他说明 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。 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 议通过了《关于 2025 年第 1 期 A 股回购股份方案的议案》，本次回购的资金总 额不低于人民币 5 亿元且不超过人民币 10 亿元，本次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，回购期限为自公司董事 会审议通过回购方案之日起 12 个月内。关于回购事项具体内容详见公司于 2025 年 4 月 29 日在巨潮资讯网（www.cninfo.com.cn）上披露的《回购报告书》（公 告编号：2025-030）。 一、回购进展 根据《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》等规 定，公司在回购期间应当在每个月的前 3 个交易日内公告截至上月末的回购进展 情况，现将 ...

第 1 頁 共 10 頁 v 1.1.1 本月底法定/註冊股本總額： RMB 4,992,692,017 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 I. 法定/註冊股本變動 公司名稱: 順豐控股股份有限公司（於中華人民共和國註冊成立的股份有限公司） 呈交日期: 2025年7月2日 | 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 (-) | | | | | | RMB | | | | 本月底結存 | | | 4,822,692,017 | RMB | | 1 RMB ...

从行业市盈率排名来看，公司所处的物流行业行业市盈率平均25.21倍，行业中值27.20倍，顺丰控股排 名第30位。 序号股票简称PE(TTM)PE(静)市净率总市值(元)13顺丰控股22.9723.702.562409.97亿行业平均 25.2127.591.91171.60亿行业中值27.2027.091.7156.04亿1东航物流7.947.811.16209.87亿2物产中大 8.759.190.69282.95亿3中国外运9.869.460.93370.55亿4中谷物流10.2111.091.75203.50亿5韵达股份 10.6610.150.95194.25亿6圆通速递11.1610.921.35438.08亿7嘉友国际12.1111.682.55149.11亿8厦门象屿 13.0513.981.16198.41亿9密尔克卫14.0414.571.8782.34亿10浙商中拓14.4812.450.9345.92亿11安通控股 14.8019.411.08118.48亿12中创物流14.9115.281.5938.62亿 资金流向方面，7月2日，顺丰控股主力资金净流出8851.87万元，近5日总体 ...

金十图示：2025年07月02日（周三）富时中国A50指数成分股今日收盘行情一览：家电、白酒、有色金属等板块收高，证券、消 费电子、物流等板块收低 富时中国A50指数连续 0.00(0.00%) -0.09(-1.05%) +0.02(+0.48%) 保险 中国太保 12.00 中国人保 中国平安 电机 3843.06亿市值 3571.07亿市值 10163.13亿市值 5.73亿成交额 22.04亿成交额 4.55亿成交额 55.81 37.12 8.69 -0.29(-0.78%) +0.11(+0.20%) -0.02(-0.23%) 酸酒行业 贵州茅台 五粮液 山内对酒 17707.36亿市值 2142.50亿市值 4626.10亿市值 36.89亿成交额 11.55亿成交额 18.41亿成交额 119.18 175.62 1409.60 +4.50(+0.32%) +1.20(+0.69%) +0.55(+0.46%) 半导体 北方华创 寒武纪-U 海光信息 HYGON 2280.43亿市值 2336.50亿市值 3150.87亿市值 13.00亿成交额 35.10亿成交额 13.95亿成交额 13 ...

证券研究报告——晨会聚焦 2025 年 7 月 2 日 中银晨会聚焦-20250702 资料来源：万得，中银证券 中银国际证券股份有限公司 具备证券投资咨询业务资格 产品组 证券分析师：王军 ■重点关注 【策略研究】2025 年中期策略报告*王君 徐沛东 郭晓希 徐亚 高天然。在科 技重估、关税冲击、政策储备等多维度下，怎么配 A 股才能成功突围？ 【宏观经济】一季度对外经济部门体检报告*管涛 刘立品 。2025 年一季度， 我国国际收支延续经常项目顺差、资本项目逆差的自主平衡格局，交易引起 的外汇储备资产减少但外汇储备余额增加，民间部门首次转为对外净资产。 | 市场指数 | | | | --- | --- | --- | | 指数名称 | 收盘价 | 涨跌% | | 上证综指 | 3457.75 | 0.39 | | 深证成指 | 10476.29 | 0.11 | | 沪深 300 | 3942.76 | 0.17 | 行业表现（申万一级） | 指数名称 | 涨跌% | 指数名称 | 涨跌% | | --- | --- | --- | --- | | 综合 | 2.60 | 计算机 | (1.18) | ...

Summary of Key Points from Conference Call Records Industry Overview - **Shipping and Shipbuilding Sector**: The sector is influenced by replacement cycles, capacity cycles, and mid-cycle demand. New ship prices are recovering, and improved US-China relations may restore suppressed sentiment. Supply-side reforms are limiting the expansion of small and medium-sized shipyards, which is beneficial for the industry in the long term. Companies like China Shipbuilding Industry Corporation and China State Shipbuilding Corporation are noteworthy [1][2][3]. - **Cruise Industry**: Benefiting from the cancellation of black market activities in the Middle East, leading to expanded profit margins. China Merchants Industry is expected to exceed performance expectations in Q2 due to its container business in Asia [1][3]. - **Aviation and Airport Sector**: Q2 saw an increase in passenger traffic and ticket prices year-on-year, with cost pressures easing. Major airlines are narrowing losses, while private airlines are significantly improving profits. Airport profits are expected to rise with the recovery of international routes [4][5]. - **Express Delivery Industry**: Growth is slowing down, but SF Express is performing well in the high-end e-commerce segment. SF Express City is seeing rapid growth in instant delivery volumes and revenue, with potential for improved net margins [6][7]. Core Insights and Arguments - **Shipping Sector Investment Opportunities**: The shipping sector is currently seen as a high-value investment opportunity due to recent price recoveries in new shipbuilding and the easing of US-China tensions. The sector is characterized by a 20-year replacement cycle and a supply-side reform that is expected to improve the industry landscape in the long term [2][3]. - **Aviation Market Trends**: The domestic passenger traffic increased by 4% year-on-year, with ticket prices stabilizing. International passenger traffic grew by 18%, although ticket prices fell by 16%. The overall market revenue is expected to remain stable or show slight growth [4][5]. - **Express Delivery Market Dynamics**: Despite a marginal decrease in growth rates, SF Express is enhancing its market competitiveness through cost reduction strategies. The company has achieved a daily order volume of 15 million in the e-commerce segment [6][7]. Additional Important Insights - **Railway Sector Performance**: Railway passenger volume increased by 7.3% year-on-year, but the turnover volume showed signs of pressure. High-speed rail is expected to maintain stable growth, while freight volume is anticipated to accelerate in the second half of the year [11][13][14]. - **Highway Sector Developments**: The highway sector is experiencing stable growth in vehicle flow, with toll revenue expected to remain steady or slightly increase. Companies like Zhejiang Huhang and Anhui Expressway are performing well [10]. - **Competitive Landscape in Express Delivery**: The competition among express delivery companies remains intense, with significant price elasticity observed during promotional periods. The current low valuation of companies in this sector presents potential investment opportunities [8]. - **Future Outlook for Shipping and Aviation**: The shipping sector is positioned comfortably for investment, while the aviation sector is expected to see improved profitability as the summer travel season approaches [17]. This summary encapsulates the key points from the conference call records, highlighting the current state and future outlook of various sectors within the transportation and logistics industry.

行 业 及 产 业 交通运输 2025 年 07 月 01 日 关注船舶板块左侧机会，看好顺 丰、顺丰同城业绩增长 看好 ——交运行业 2025Q2 业绩前瞻 本期投资提示： 证 券 研 业 证券分析师 闫海 A0230519010004 yanhai@swsresearch.com 研究支持 罗石 A0230524080012 luoshi@swsresearch.com 张慧 A0230524100001 zhanghui@swsresearch.com 严天鹏 A0230524090004 yantp@swsresearch.com 刘衣云 A0230524100007 liuyy@swsresearch.com 王易 A0230525050001 wangyi@swsresearch.com 王晨鉴 A0230525030001 wangcj@swsresearch.com 郑逸欢 A0230124010001 zhengyh@swsresearch.com 范晨轩 A0230123070006 fancx@swsresearch.com 联系人 范晨轩 (8621)23297818× fancx@s ...

金十图示：2025年07月01日（周二）富时中国A50指数成分股午盘收盘行情一览：银行板块大幅反弹，半导体板块跌势明显，白 酒、汽车板块小幅走低 +0.06(+1.10%) +0.11(+1.29%) +0.06(+1.45%) 保险 中国太保 中国平安 中国人保 08 3869.60亿市值 3610.51亿市值 10099.40亿市值 3.01亿成交额 9.40亿成交额 3.65亿成交额 37.53 55.46 8.75 +0.02(+0.05%) -0.02(-0.04%) +0.04(+0.46%) 酸酒行业 贵州茅台 山西汾酒 五粮液 17669.43亿市值 2123.23亿市值 4607.86亿市值 16.84亿成交额 6.31亿成交额 8.57亿成交额 1406.58 118.71 174.04 -2.94(-0.21%) -2.35(-1.33%) -0.19(-0.16%) 半导体 北方华创 寒武纪-U 海光信息 HYGON 2375.73亿市值 2368.07亿市值 3184.34亿市值 7.50亿成交额 44.35亿成交额 17.99亿成交额 137.00 444.46 566.05 +2 ...

交通运输 | 证券研究报告 — 行业周报 2025 年 7 月 1 日 强于大市 交通运输行业周报 中东局势缓和油轮运价回调，最新发布亮相的 朱雀 eVTOL 航 程达 600 公里 航运方面，中东局势有所缓和油轮运价回调，集运美线下跌欧线上涨。航空 方面，暑运期间海航日均计划航班量近 2500 班，7 月国内机票预订量 1790 万张。低空及物流方面，最新发布亮相的朱雀 eVTOL 航 程达 600 公里，1 至 5 月国家铁路发送货物同比增长 3.1%。 ◼ 核心观点： ①中东局势有所缓和油轮运价回调，集运美线下跌欧线上涨。根据上海 航交所数据，本周 VLCC 市场上半周运价延续上周末的强势上行趋势， 以色列与伊朗冲突升级所引发的地缘政治不确定性成为上涨的核心驱动 因素。下半周随着以色列与伊朗达成停火协议，中东局势出现明显缓 和，市场热度逐步降温，市场也逐步回归供需基本面，当前整体可用运 力充沛，成交运价大幅回调。周四，中东湾拉斯坦努拉至宁波 27 万吨 级船运价（CT1）报 WS59.88，较 6 月 19 日下跌 14.31%。集运方面， 欧线运输需求表现良好，推动即期市场订舱价格上涨。6 月 27 ...

| 股票名称 | 沽空金额 | 沽空比率↓ | 偏离值 | | --- | --- | --- | --- | | 长城汽车-R(82333) | 3.33 万元 | 100.00% | 19.64% | | 京东健康-R(86618) | 24.84 万元 | 100.00% | 48.31% | | 比亚迪股份-R(81211) | 281.93 万元 | 86.11% | 28.34% | | 中银香港-R(82388) | 160.66 万元 | 81.74% | 23.52% | | 百度集团-SWR(89888) | 10.69 万元 | 79.97% | 19.49% | | 腾讯控股-R(80700) | 46.09 万元 | 76.92% | 29.48% | | 吉利汽车-R(80175) | 43.81 万元 | 71.31% | 30.55% | | 商汤-WR(80020) | 38.00 万元 | 64.77% | -0.24% | | 阿里巴巴-SWR(89988) | 778.89 万元 | 59.29% | 10.16% | | 顺丰控股(N23067) | 9273.04 ...