通过运力扩张与网络织密夯实物流业务核心竞争力的同时，顺 丰在ESG维度的价值建设亦实现关键突破，进一步完善企业长 期发展的综合护城河。 封图：图片资料室 10 月 17 日晚间，顺丰控股发布 9 月经营简报，数据显示，公司当月实现合计营收 270.07 亿元， 同比增幅 8.78% 。在国庆中秋双节的寄递高峰期，顺丰不断深化产品结构和服务模式，业务规模 保持扩张态势。速运物流业务当月实现营收 208.54 亿元，同比增长 14.21% ；业务量达 15.04 亿 票，同比增幅 31.81% ；单票收入为 13.87 元 / 票；供应链及国际业务当月贡献营收 61.53 亿元。 全链路多元服务深度绑定地方特色经济 9 月进入大闸蟹寄递旺季，在护航大闸蟹运输的第 18 个年头，顺丰通过增设临时揽收点、配置专 项服务团队，并叠加物流无人车、无人机等智能设备提升效率，用一张不断升级的物流网络，拉近 商户与消费者的距离，深度服务地方特色经济，在市场竞争中保持了领先身位。 在今年的阳澄湖畔，顺丰正式启用苏州首个大闸蟹智能转运中心。凭借全自动分拣系统与数智化管 理，不仅能将服务范围覆盖苏州阳澄湖核心产区，联动 100 多个 ...

Core Insights - SF Holding reported a total revenue of 27.007 billion yuan in September, marking an 8.78% year-on-year increase [1] - The express logistics business generated revenue of 20.854 billion yuan, up 14.21% year-on-year, with a business volume of 1.504 billion parcels, reflecting a 31.81% increase [1] - The company is enhancing its domestic market presence through customized logistics solutions that support local industry development [1] Domestic Market Development - SF Holding is focusing on key production areas in Shaanxi, establishing a "county-town-village" three-tier delivery service network to address local farmers' needs for nearby shipping [1] - The integration of logistics visualization technology and a multi-modal transport model combining cold chain land transport and air freight has improved the efficiency of fruit distribution from Shaanxi [1] - The company aims to expand its market share in fresh logistics by leveraging scenario-based logistics services and reusing cold chain capabilities [1] International Market Expansion - SF Holding is continuously enhancing its international logistics network, expanding air routes to strengthen cross-border service capabilities [2] - The fleet of SF Airlines has reached 90 all-cargo aircraft, covering domestic, Asian, European, and American markets [2] - The company is committed to providing high-quality air logistics services to global customers, contributing to the dual circulation development pattern in China [2] ESG Performance - SF Holding achieved a significant milestone with MSCI upgrading its ESG rating from "BBB" to "A," making it the first logistics company in China to receive this rating [2] - This recognition reflects the company's outstanding performance in environmental, social, and governance aspects, enhancing its brand credibility and reducing long-term operational risks [2] - Strong ESG performance is expected to support SF Holding's overseas business expansion and capital market performance, creating a positive cycle for the company's long-term investment value [2]

顺丰控股(06936)公布，公司于2025年10月17日获悉，公司控股股东深圳明德控股发展有限公司（明德 控股）于2025年10月16日分别以中国工商银行股份有限公司深圳喜年支行、中国邮政储蓄银行股份有限 公司前海分行及中信银行股份有限公司深圳分行（合称为"质权人"，按照《银行业条例》（香港法例第 155章）界定为认可机构）为受惠人，合共质押其持有的4200万股公司A股股份（约占公司已发行股本 总额0.83%），作为其真诚商业贷款的担保。 ...

证券日报网讯 10月17日晚间，顺丰控股发布公告称，公司于2025年10月17日收到控股股东深圳明德控 股发展有限公司的通知，获悉其所持有的公司部分A股股份办理质押。本次质押股份数量为42，000， 000股。 （文章来源：证券日报） ...

Core Insights - In September 2025, the company reported a total revenue of RMB 27.007 billion from its express logistics, supply chain, and international businesses, representing a year-on-year growth of 8.78% [1] - The express logistics segment alone saw a revenue increase of 14.21%, with a business volume growth of 31.81% compared to the previous year [1]

10月17日晚间，顺丰控股发布9月经营简报，数据显示，公司当月实现合计营收270.07亿元，同比增幅 8.78%。在国庆中秋双节的寄递高峰期，顺丰不断深化产品结构和服务模式，业务规模保持扩张态势。 速运物流业务当月实现营收208.54亿元，同比增长14.21%；业务量达15.04亿票，同比增幅31.81%；单 票收入为13.87元/票；供应链及国际业务当月贡献营收61.53亿元。 全链路多元服务深度绑定地方特色经济 通通道、助力区域特色产业价值释放，也通过场景化物流服务的下沉与冷链能力的复用，进一步拓展生 鲜物流市场份额，为自身业务增长注入新动能，实现企业发展与区域产业升级的双向赋能。 海外布局长期增长空间持续打开 在国内区域市场持续发力的同时，顺丰也不断加密国际物流网络的布局，以航线拓展强化跨境服务能 力。 日前，顺丰正式开通"鄂州 = 芝加哥"国际货运航线，至此顺丰的北美航线已覆盖美国纽约、洛杉矶、芝 加哥三大核心城市，可通达美东、美西、美中地区，为跨境供应链提供更高效的物流支撑，助力中国企 业拓展海外市场。 9月进入大闸蟹寄递旺季，在护航大闸蟹运输的第18个年头，顺丰通过增设临时揽收点、配置专项服务 团 ...

Core Insights - The express delivery industry is experiencing a simultaneous increase in both volume and price due to growing market demand and price hikes by several companies in 2023 [1][4]. Company Summaries - SF Express reported a total revenue of 27.007 billion yuan for its express logistics, supply chain, and international business in September 2025, marking an 8.78% year-on-year increase. The express logistics revenue grew by 14.21%, with a business volume increase of 31.81% [1]. - YTO Express announced a revenue of 5.799 billion yuan for September 2025, reflecting a 14.89% year-on-year increase, with a business volume of 2.627 billion parcels, up 13.64% [2]. - Yunda Express reported a revenue of 4.252 billion yuan for September 2025, a 4.14% increase year-on-year, with a business volume of 2.11 billion parcels, up 3.63% [2]. - Shentong Express disclosed a revenue of 4.633 billion yuan for September 2025, a 14.89% year-on-year increase, with a business volume of 2.187 billion parcels, up 9.46% [2]. Industry Overview - The China Express Development Index for September 2025 was reported at 459.6, a 3.9% increase year-on-year. The development scale index and development capability index were 589.3 and 228.8, reflecting increases of 9.3% and 1.9% respectively [3]. - The express delivery market is steadily growing, with improvements in automation and intelligence levels, as well as enhancements in the comprehensive transportation network and supply chain service capabilities [3]. Price Increase Context - The rise in single ticket revenue across the industry is closely linked to multiple price hikes announced by express delivery companies throughout the year. Various provinces and cities have raised express delivery prices, particularly for e-commerce parcels [4]. - The price increase trend was initiated by policy measures aimed at curbing vicious competition within the industry and enhancing service quality [5].

10月17日晚间，顺丰控股（002352）发布9月经营简报，数据显示，公司当月实现合计营收270.07亿元，同比增幅8.78%。在国庆中秋双节的寄递高峰期，顺 丰不断深化产品结构和服务模式，业务规模保持扩张态势。速运物流业务当月实现营收208.54亿元，同比增长14.21%；业务量达15.04亿票，同比增幅 31.81%；单票收入为13.87元/票；供应链及国际业务当月贡献营收61.53亿元。 全链路多元服务深度绑定地方特色经济 9月进入大闸蟹寄递旺季，在护航大闸蟹运输的第18个年头，顺丰通过增设临时揽收点、配置专项服务团队，并叠加物流无人车、无人机等智能设备提升效 率，用一张不断升级的物流网络，拉近商户与消费者的距离，深度服务地方特色经济，在市场竞争中保持了领先身位。 在今年的阳澄湖畔，顺丰正式启用苏州首个大闸蟹智能转运中心。凭借全自动分拣系统与数智化管理，不仅能将服务范围覆盖苏州阳澄湖核心产区，联动 100多个前端收寄网点，实现全天候、全链条的大闸蟹发运保障；还能实现单小时分拣产能突破2万件，单日吞吐量超40万件，满足阳澄湖大闸蟹快递运输需 求。 近年来，顺丰积极探索"物流+品牌+流量"的融合路径。一方面 ...

Performance - Cambrian's Q3 revenue reached 1.727 billion yuan, a year-on-year increase of 1332.52%; net profit was 567 million yuan [1] - Hikvision's Q3 net profit grew by 20.31% year-on-year [5] - Sitaiwei's net profit for the first three quarters is expected to increase by 140% to 169% year-on-year [5] - Northern Heavy Industries anticipates a year-on-year net profit increase of 56.90% to 70.74% for the first three quarters [5] - Jintian's net profit for the first three quarters increased by 104.37% year-on-year [5] - Yingshi Network's Q3 net profit grew by 28.73% year-on-year [5] - Sankeshu's net profit for the first three quarters increased by 81.22% year-on-year, with a proposed dividend of 5 yuan per 10 shares [5] - Pianzaihuang's Q3 net profit decreased by 28.82% year-on-year [5] - Shentong Technology's Q3 net profit surged by 452.62% year-on-year [5] - Huayou Cobalt's net profit for the first three quarters increased by 39.59% year-on-year [5] - Guotou Power's Q3 power generation reached 47.891 billion kWh, a year-on-year decrease of 14.42% [5] - Rongbai Technology reported a Q3 net loss of 135 million yuan [5] - Zijin Mining's Q3 net profit increased by 52.25% year-on-year [5] - Haida Group's net profit for the first three quarters increased by 14.31%, planning to spin off its subsidiary Haida Holdings for a Hong Kong listing [5] Share Buybacks and Reductions - Fujirui plans to repurchase shares worth 10 million to 20 million yuan [3] - Tonghua Dongbao intends to repurchase shares worth 20 million to 40 million yuan [3] - Shenzhen New Star plans to adjust the maximum repurchase price to no more than 30 yuan per share [3] - Sanhua Intelligent Control has raised the maximum repurchase price and extended the implementation period [3] - Dayang Electric has also raised the maximum repurchase price and extended the implementation period [3] - Hunan Baiyin's controlling shareholder plans to reduce its stake by no more than 2% [5] - Shengbang shares' controlling shareholder plans to reduce its stake by no more than 1.28% [5] - Liandong Technology's actual controller plans to reduce its stake by no more than 2.9963% [5] - Juxing Agriculture's shareholder plans to reduce its stake by no more than 2% [5] - Aerospace Engineering's shareholders plan to reduce their stakes by no more than 6% [5] Contracts and Collaborations - Yongmaotai signed a strategic cooperation framework agreement with a leading humanoid robot company [3] - Xinjiang Jiaojian won a construction project worth 556 million yuan [4] - Jingjiawei signed a strategic cooperation agreement with Cangqiong Digital to create a fully domestic integrated solution [3] - Shengshi Technology signed a contract for a project worth 102 million yuan at Hunchun Port [3] - Robotech signed a contract worth approximately 761 million yuan, accounting for about 68.83% of the company's 2024 revenue [3] - Guangdong Construction's subsidiary signed a cooperation framework agreement with the Maoming Binhai New Area Management Committee [3] Mergers and Acquisitions - Jingwei Huikai plans to acquire 100% of Zhongxing System for 850 million yuan, entering the private network communication field [6] - Weigao Blood Purification intends to purchase 100% of Weigao Purui's shares, with stock trading suspended from October 20 [6] - GoerTek terminated its planned acquisition of Mia Precision Technology and Changhong Industrial [6] Financing - Changsha Bank received regulatory approval to issue capital instruments not exceeding 12 billion yuan [6]

智通财经APP讯，顺丰控股(06936)发布公告，公司2025年9月速运物流业务、供应链及国际业务合计收 入为人民币270.07亿元，同比增长8.78%。其中： (2) 由于国际贸易波动及货运市场需求趋缓，海运价格较去年同期高位明显回落，影响公司国际货运代 理业务收入。但公司依托全球网络优势与丰富产品组合，灵活应对市场变化，积极挖掘新需求，使得国 际货运代理业务整体货量保持稳定。国际快递及跨境电商物流业务收入同比实现较快增长。 (1) 速运物流业务收入同比增长14.21%，业务量同比增长31.81%，主要得益于公司持续强化标准产品及 综合物流服务能力，深耕生产和生活等各类物流场景，有效满足客户多元化物流需求;同时公司逐步优 化市场策略，推动业务高质量增长; ...