格隆汇2月13日丨顺丰控股(002352.SZ)公布，公司2026年1月速运物流业务、供应链及国际业务合计收 入为人民币268.60亿元，同比增长2.22%。供应链业务、国际快递及跨境电商物流业务收入保持较快增 长，带动公司整体供应链及国际业务收入同比增长17.23%。 ...

春节前夕，年味儿渐浓，一封手写着二十多位居民联合签名的感谢信，被郑重送到顺丰速运望京首开店 网点，这份特别的"新春礼物"，也让在望京西园四区坚守了六年的顺丰快递员贡志超，在忙碌的岁末 里，收获了一份别样的温暖。 除了守护孩子，他还守护着小区里的快递安全。两三年前，小区曾频繁丢快递。贡志超和同事们在群里 互通消息，盯着可疑人员。一天，一个快递兄弟在群里喊"看见小偷了"，他刚送完快递下楼，立刻冲过 去堵人。小偷手里攥着未拆的快递，包里还藏着更多。"当时也没怕，就想着不能让邻居们的东西丢 了。"报了警，看着小偷被带走。楼上楼下因为孩子噪音闹矛盾，他撞见了就上前劝："远亲不如近邻， 孩子小不懂事，楼上多看着点，楼下也多担待点。"几句话，两家人就和好了。后来楼下邻居搬到海 淀，还特意给他发消息："小贡，以后路过海淀，记得来家里吃饭。" 这份双向奔赴的温暖，让贡志超在坚守中收获了感动，而公司的关怀，则让他的坚守更有底气。就在马 年春节前夕，顺丰发布面向一线员工的"春季增收"专项计划，投入2亿元资金助力快递员增收，平均收 入提升500元，再叠加春节期间的各项激励与福利，让像贡志超这样的一线快递员，在坚守岗位的同 时，收获了 ...

免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。 观点网讯：2月13日，顺丰控股发布公告，2026年1月速运物流业务、供应链及国际业务合计收入为人民 币268.6亿元，同比增长2.22%。 其中，速运物流业务营业收入为人民币203.96亿元，同比下降1.77%；业务量为13.86亿票，同比增长 4.21%；单票收入为人民币14.72元，同比下降5.70%。 供应链及国际业务营业收入为人民币64.64亿元，同比增长17.23%。 ...

Core Viewpoint - The company reported a total revenue of RMB 26.86 billion for its express logistics, supply chain, and international business in January 2026, reflecting a year-on-year growth of 2.22% [1] Group 1: Express Logistics Business - The express logistics business generated revenue of RMB 20.396 billion, showing a year-on-year decline of 1.77% [1] - The business volume reached 1.386 billion parcels, which is a year-on-year increase of 4.21% [1] - The revenue per parcel was RMB 14.72, representing a year-on-year decrease of 5.70% [1] Group 2: Supply Chain and International Business - The supply chain and international business reported revenue of RMB 6.464 billion, marking a year-on-year growth of 17.23% [1]

证券代码：002352 证券简称：顺丰控股 公告编号：2026-008 本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。 根据《深圳证券交易所上市公司自律监管指引第 3 号——行业信息披露》的 规定，顺丰控股股份有限公司（以下简称"公司"）现披露 2026 年 1 月业务经 营简报情况如下： | 项目 | 2026 年 | 1 月 | 2025 年 | 1 月 | 同比变动 | | --- | --- | --- | --- | --- | --- | | 1、速运物流业务 | | | | | | | 营业收入（人民币亿元） | | 203.96 | | 207.63 | -1.77% | | 业务量（亿票） | | 13.86 | | 13.30 | 4.21% | | 单票收入（人民币元） | | 14.72 | | 15.61 | -5.70% | | 2、供应链及国际业务 | | | | | | | 营业收入（人民币亿元） | | 64.64 | | 55.14 | 17.23% | | 合计（人民币亿元） | | 268.60 | | 262.77 | ...

格隆汇2月13日｜顺丰控股公告，公司2026年1月速运物流业务、供应链及国际业务合计收入为人民币 268.6亿元，同比增长2.22%。其中，速运物流业务营业收入为人民币203.96亿元，同比下降1.77%；业 务量为13.86亿票，同比增长4.21%；单票收入为人民币14.72元，同比下降5.70%。供应链及国际业务营 业收入为人民币64.64亿元，同比增长17.23%。 ...

Core Insights - The article highlights the successful integration of autonomous delivery vehicles in Shenzhen's logistics system during the 2026 Spring Festival, showcasing their role as reliable delivery agents and essential components of the holiday logistics network [1][2]. Group 1: Industry Developments - Over 500 autonomous delivery vehicles have been deployed by various companies, including SF Express, China Post, Meituan, and JD, creating a responsive logistics network for the Spring Festival [1]. - The Shenzhen Transportation Bureau's "4123" top-level design has facilitated the commercialization of functional autonomous vehicles, resulting in over 1,000 vehicles on the road and 7,191 kilometers of open roads within a year [1][2]. - The autonomous delivery network covered over 800 residential communities and 300 commercial areas during the Spring Festival, ensuring stable delivery support for residents and businesses [2]. Group 2: Operational Efficiency - Autonomous vehicles have demonstrated an average daily delivery capacity that is over three times that of traditional human delivery methods, effectively filling the gap left by reduced human labor during the holiday [3]. - During the Spring Festival, autonomous vehicles accounted for over 10% of the total delivery volume, indicating their transition from pilot projects to key players in holiday logistics [3]. - The intelligent regulatory platform for autonomous vehicles operated 24/7, utilizing real-time vehicle data to implement dynamic alerts and ensure rapid response to any incidents, enhancing operational safety and efficiency [3]. Group 3: Broader Implications - The continuous operation of autonomous vehicles during the Spring Festival not only maintained logistics flow but also supported workers' ability to reunite with their families, reflecting the positive impact of technology on everyday life [4]. - Functional autonomous vehicles have expanded their applications in various sectors, including sanitation, security inspections, and mobile retail, becoming integral components of urban operational systems [5]. - Shenzhen aims to create a replicable and scalable smart city service model through ongoing improvements in the industrial ecosystem and technology advancements, contributing to a more efficient and compassionate urban living experience [5].

Core Viewpoint - The debate surrounding the price increase of express delivery services during the Spring Festival highlights the complex interplay between operational costs, service demand, and stakeholder rights, necessitating a rational examination of the industry's underlying truths and balance [1] Group 1: Price Increase Justification - Major express delivery companies like SF Express and JD Logistics have announced service availability during the Spring Festival while introducing a "resource adjustment fee" to cover increased operational costs [1][2] - The operational costs during the Spring Festival can rise by 3-5 times compared to regular periods due to factors such as high overtime wages, retention bonuses, and the need for temporary workers, with JD Logistics reportedly investing nearly 400 million yuan in employee benefits [2] - The demand for delivery services has surged, with peak volumes approaching those seen during major e-commerce promotions, while the supply side faces significant challenges due to labor shortages caused by the holiday migration [2][3] Group 2: Consumer Perspectives - Consumers generally oppose price increases that do not correspond with service quality improvements, emphasizing the need for transparent and reasonable pricing that aligns with service standards [5] - The core consumer demand during the Spring Festival is for timely and secure delivery, which requires adequate manpower and resources; maintaining regular pricing could lead to service disruptions and negatively impact user experience [3][5] Group 3: Industry Standards and Regulations - The industry must adhere to principles of clear pricing and transparency, as previous instances of unclear price announcements and hidden charges have led to consumer dissatisfaction [6][8] - Regulatory bodies have been guiding companies to establish price coordination mechanisms and set minimum price thresholds to ensure pricing aligns with reasonable cost structures [6] - The balance of interests among companies, consumers, and delivery personnel is crucial, with companies needing to ensure that increased revenues from price hikes are fairly distributed to frontline workers [8]

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [2]. Core Insights - The report highlights the growth of the instant delivery sector, driven by the rise of e-commerce platforms and the increasing acceptance of instant retail among consumers. The company is positioned as the largest third-party instant delivery platform in China, having crossed the breakeven point and entered a new growth phase [7][12]. - The company has shown steady revenue growth since its establishment, with a projected revenue CAGR of approximately 34.3% from 2020 to 2024. In the first half of 2025, the company achieved a revenue of 10.236 billion yuan, representing a year-on-year increase of 48.81% [39][7]. - The report anticipates significant revenue growth for the company, projecting revenues of 21.973 billion yuan, 33.956 billion yuan, and 40.901 billion yuan for 2025, 2026, and 2027, respectively, with corresponding year-on-year growth rates of 39.54%, 54.54%, and 20.45% [83][82]. Business Development - The company has two main business segments: same-city delivery and last-mile delivery. The same-city delivery segment is benefiting from the growth of the instant retail industry, with a notable increase in revenue from business-to-business (B2B) services [27][21]. - In the first half of 2025, the B2B same-city delivery business generated revenue of 4.467 billion yuan, a year-on-year increase of 55.4%, while the business-to-consumer (B2C) segment generated 1.312 billion yuan, up 12.7% year-on-year [27][26]. - The last-mile delivery segment also saw significant growth, with revenue reaching 4.457 billion yuan in the first half of 2025, reflecting a year-on-year increase of 56.9% [31]. Industry Outlook - The instant retail industry is expected to accelerate, with the non-food delivery market projected to grow at a rate of approximately 27.7% in 2026, while the food delivery market is expected to grow at 5.9% [49][49]. - The report emphasizes the importance of logistics infrastructure and rider capacity as critical strategic resources for expansion in the instant delivery sector, with an expected CAGR of 17% for the industry from 2025 to 2028 [55][55]. Financial Projections - The company is expected to achieve a net profit of 2.38 billion yuan, 4.52 billion yuan, and 6.87 billion yuan for 2025, 2026, and 2027, respectively, with year-on-year growth rates of 79.98%, 89.54%, and 51.95% [83][82]. - The report projects adjusted net profits of 3.76 billion yuan, 5.05 billion yuan, and 7.55 billion yuan for the same years, indicating strong profitability growth [83][82].

Core Viewpoint - The Nanjing Postal Administration has issued a consumer notice regarding the delivery services during the Spring Festival, highlighting the operational adjustments made by various postal and express companies to ensure smooth service during the peak season [1][3]. Group 1: Delivery Operations - The Spring Festival travel rush began on February 2 and will last until March 13, totaling 40 days, leading to a temporary surge in express delivery volume due to promotional activities by e-commerce platforms [1]. - Major express companies have coordinated resources to handle the peak demand, ensuring overall stability in the delivery industry [1]. Group 2: Company-Specific Adjustments - SF Express will maintain operations without interruption, with price increases for large items starting from January 19, and a gradual return to normal operations beginning February 24 [2]. - JD Logistics will operate in core cities and main routes without interruption, with special charges for heavy items from January 19 to February 23, and limited service during the first three days of the new year [2]. - China Post will not implement price increases throughout the year, but will limit service in remote areas from January 1 to 3, with a return to normal by February 8 [2]. - Debon will keep key routes operational, with price increases for certain items from January 19 to February 14, and a full return to normal by February 8 [2]. - YTO Express and Shentong Express will reduce service and suspend operations in remote areas starting January 10, with a gradual recovery expected by February 24 [2]. Group 3: Consumer Advisory - The Nanjing Postal Administration advises consumers to be aware of potential delays due to adverse weather conditions and operational challenges during the Spring Festival, urging understanding and patience [3]. - Consumers are encouraged to consult with postal and express companies before sending items and to stay updated on service arrangements published by these companies [3].