（文章来源：证券时报网） 证券时报·数据宝统计，4月22日共有49只个股现身大宗交易平台，累计成交量0.51亿股，累计成交额 5.72亿元，其中19只个股交易额超千万元。唯捷创芯交易额最高，大宗交易共1笔，成交额0.49亿元；其 次是星湖科技，大宗交易共1笔，成交额0.47亿元。（数据宝） 4月22日大宗交易成交额居前股票 | 证券代 | 证券简 | 涨幅 | 收盘价 | 成交量（万 | 成交额（万 | 笔 | 成交价 | 折溢价 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 码 | 称 | （%） | （元） | 股） | 元） | 数 | （元） | （%） | | 688153 | 唯捷创 | -1.21 | 34.38 | 150.00 | 4875.00 | 1 | 32.50 | -5.47 | | | 芯 | | | | | | | | | 600866 | 星湖科 技 | 10.04 | 7.89 | 600.00 | 4734.00 | 1 | 7.89 | 0.00 | | 603266 | 天龙股 份 | 2.02 ...

| 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 603128 | 华贸物流 | 9.96 | 20.05 | 39447.45 | | 300350 | 华鹏飞 | 20.03 | 15.85 | 25078.57 | | 601008 | 连云港 | 10.07 | 15.46 | 23332.33 | | 600787 | 中储股份 | 10.08 | 7.27 | 21087.28 | | 002627 | 三峡旅游 | 10.02 | 10.80 | 9168.02 | | 002492 | 恒基达鑫 | 5.26 | 18.65 | 8859.87 | | 603117 | 万林物流 | 9.97 | 6.32 | 7354.45 | | 600119 | 长江投资 | 10.03 | 4.86 | 6394.67 | | 603535 | 嘉诚国际 | 10.01 | 6.93 | 5195.93 | | 600794 | 保税科技 | 9.92 | 1.09 | 4754.46 | ...

其中，深圳项目作为顺丰物流体系中的重要航空节点，由顺丰航空有限公司和深圳顺路物流有限公司承 租，用作分拨、打包、装机一体化连续作业，截至2024年9月30日的出租率为100%。武汉项目是以分拨 中心为主，同时包含高标仓、冷库、阴凉库、配套楼等多种业态的综合性物流园区，服务于第三方物 流、冷链物流、电商等行业，同期整体出租率为93.8%。合肥项目为分拨中心与产业办公相结合的综合 物流产业园区，租户类型主要为快递快运及第三方物流，近三年及一期的平均出租率分别为94.1%、 98.3%、97.3%及96.3%。 有业内分析指出，三大物流枢纽项目主要租户为快递速运、航空货运等企业，客户黏性强、出租率高、 租期长，有助于取得长期稳定的收入增长；同时，项目以国内业务为主，紧密依托内需市场，有效降低 国际经贸波动对于项目收益的影响，持续赋能物流网络的现代化建设，为民营经济注入新活力。 物流地产是典型的重资产行业，前期投入大，回报周期长。发行REITs有助于降低融资成本，进一步优 化收益渠道。顺丰控股4月21日晚间公告称，本次发行基础设施公募REITs，将使公司成功搭建物流产 业园轻资产资本运作平台，有效盘活公司旗下物流产业 ...

一季度 张坤在管基金 的 整体持仓变动不大，主要调整了 消费 和 科技 等行业的结构 。 一方面，对长期持有的白酒企业进行了再平衡，减持了一季度亏损 8%的洋河股份，增持了山西汾酒。 4月22日凌晨，张坤旗下基金披露了2025年一季报。 另一方面，减持在2024年四季度几乎顶格配置的 港股互联网，分别减持腾讯、阿里巴巴 216.5万股和2376.5万股。 此外，张坤所管理的易方达亚洲精选在一季报中还有一大关注点，即对台积电的操作，减持其美股仓位，增加了少许在中国台湾本土上市的台积电股票。 在 3月底披露的 2024年年报中，张坤在谈及"最优秀的企业和企业家也都会遇到困难和问题"时，特别举了台积电创始人张忠谋的例子，台积电的发展经历 了诸多坎坷，但如今的台积电成为了全球市值前十的企业。 伟大是"熬"出来的，投资也是如此，需要的是长期主义。 其实， 从 3月底披露的年报和今天（4月22日）最新披露的一季报来看，张坤少有的用较大篇幅来从宏观视角做了一些解读。 2024年的年报中，张坤大幅谈及过去较为审慎的房地产周期；在一季报中，用大量笔墨对当下经济进行了分析预判。 而在数字、迹象的背后，张坤想要表达的核心观点在于 ...

4月21日，易方达基金经理张坤在管基金产品披露2025年一季报。季报显示，今年1季度，张坤管理的几个产品净值涨幅可观，明显超过基准指数。最鲜亮的 的新面孔是顺丰控股(002352.SZ)，在易方达优质精选基金的重仓股中，它取代了分众传媒的位置。 | 1 | 00700 | 腾讯控股 | 8,250,000 | 3,783,833, | | --- | --- | --- | --- | --- | | 2 | 09988 | 阿里巴巴一 W | 31,800,000 | 3,756,287, | | 3 | 600519 | 贵州茅台 | 2,250,500 | 3,513,030, | | 4 | 000858 | 五粮液 | 26,000,000 | 3.415.100. | | ર | 600809 | 山西汾酒 | 15,070,090 | 3,229,218, | | 6 | 000568 | 泸州老窖 | 23,200,100 | 3,009,516, | | 7 | 00883 | 中国海洋石 湘 | 143,000,000 | 2,443,986, | | 8 | 09987 | 百胜中国 | ...

证券代码：002352 证券简称：顺丰控股 公告编号：2025-023 南方顺丰物流 REIT 最终募集基金份额 10 亿份，基金份额发售价格为人民 币 3.290 元/份，基金募集规模为人民币 32.90 亿元。南方顺丰物流 REIT 发售由 战略配售、网下发售、公众投资者发售三个部分组成。战略配售基金份额数量为 7.00 亿份，占发售份额总数的比例为 70%，其中：公司下属子公司（原始权益人） 深圳嘉丰产业园管理有限公司和深圳市丰泰电商产业园资产管理有限公司合计 认购数量为 3.40 亿份，占发售份额总数的比例为 34%，其他战略投资者认购数 量为 3.60 亿份，占发售份额总数的比例为 36%；网下投资者认购数量 2.20 亿份， 占发售份额总数的比例为 22%；公众投资者认购数量为 0.80 亿份，占发售份额 总数的比例为 8%。 本次发行基础设施公募 REITs 将使公司成功搭建物流产业园轻资产资本运 作平台，有效盘活公司旗下物流产业园资产，同时进一步拓宽融资渠道，且部分 募集资金将再投资于其他物流产业园等基础设施项目，实现公司在仓储物流基础 设施领域投资的良性循环，增强公司可持续经营能力。 特此公 ...

Investment Rating - The industry investment rating is "Positive" [2] Core Viewpoints - The express delivery industry experienced a significant growth in business volume, with a year-on-year increase of 21.6% in Q1 2025, driven by a 5.7% growth in online retail sales [3][14] - SF Express led the growth in business volume with a 25.4% increase in March 2025, outperforming its competitors [4][32] - The average price per package in the industry faced downward pressure, with a year-on-year decline of 8.8% in Q1 2025 [5][22] - The report anticipates a continued growth potential in the express delivery sector, projecting a 10-15% increase in business volume for 2025 [6][46] Summary by Sections Industry Situation - In Q1 2025, the total express delivery volume reached 451.4 billion pieces, with March alone accounting for approximately 166.6 billion pieces, reflecting a 20.3% year-on-year growth [3][14] - The online retail sales for physical goods amounted to 2.99 trillion yuan, marking a 5.7% increase compared to the previous year [14][15] Company Performance - In March 2025, the express delivery volumes for major companies were as follows: YTO Express at 26.65 billion pieces, Yunda at 22.53 billion pieces, Shentong at 20.85 billion pieces, and SF Express at 12.95 billion pieces [4][32] - Cumulatively in Q1 2025, the business volumes were: YTO Express at 67.79 billion pieces, Yunda at 60.76 billion pieces, Shentong at 58.07 billion pieces, and SF Express at 35.41 billion pieces [4][32] Price Situation - The average price per package in the express delivery industry was 7.66 yuan in Q1 2025, down 8.8% year-on-year [5][22] - In March 2025, the average prices for major companies were: SF Express at 13.82 yuan, YTO at 2.18 yuan, Yunda at 1.96 yuan, and Shentong at 2.01 yuan [5][33] Investment Recommendations - The report recommends focusing on companies such as ZTO Express, Yunda, and YTO Express in the franchise model, while suggesting SF Express as a strong candidate in the direct operation model due to its potential for operational and cash flow improvements [8][47]

Investment Rating - The report maintains a "Recommended" rating for the express delivery industry, expecting the industry index to outperform the benchmark index by more than 5% in the next 3-6 months [30]. Core Insights - The express delivery industry experienced a business volume growth rate of 20.3% in March, with SF Express showing the highest growth rate at 25.4% [5][8]. - The total business volume for the first three months reached 451.4 billion pieces, reflecting a year-on-year increase of 21.6% [5]. - The industry revenue for March was 124.6 billion yuan, up 10.4% year-on-year, while the cumulative revenue for the first three months was 345.64 billion yuan, an increase of 10.9% [5][8]. - The average revenue per piece in March was 7.48 yuan, down 8.2% year-on-year, with a cumulative average of 7.66 yuan, down 8.8% [5][8]. Summary by Sections Industry Basic Data - The total market capitalization of the express delivery industry is 311.276 billion yuan, with a circulating market capitalization of 301.749 billion yuan [4]. - The industry has a concentration ratio (CR8) of 86.9%, indicating a high level of market concentration [8]. Company Performance - In March, the business volume growth rates for major companies were as follows: SF Express (25.4%), YTO Express (22.5%), Shentong Express (20.1%), and Yunda Express (17.3%) [5][8]. - For the first three months, Shentong Express led with a cumulative growth rate of 26.6%, followed by Yunda Express (22.9%) and YTO Express (21.7%) [5]. - Revenue growth rates in March were led by Shentong Express (14.7%), YTO Express (13.4%), and SF Express (10.6%) [5][8]. Future Outlook - The report anticipates a full-year business volume growth rate of 21% for 2024, supported by strong demand resilience [5]. - The report highlights the importance of monitoring the competitive pricing strategies of leading companies, as the industry trends towards "anti-involution," which is expected to benefit the performance elasticity of express delivery companies in the medium to long term [5].

Core Viewpoint - SF Holding Co., Ltd. reported a total revenue of RMB 23.661 billion for March 2025, reflecting a year-on-year growth of 9.63% in its express logistics and supply chain businesses [3]. Group 1: Business Segments - The express logistics business, which includes time-sensitive express, economy express, freight, cold chain, and medical delivery services, achieved a revenue growth of 10.61% year-on-year [3]. - The business volume for the express logistics segment increased by 25.36%, indicating strong operational performance [3]. - The supply chain and international business segment encompasses international express, freight forwarding, and supply chain services [2]. Group 2: Market Position and Strategy - The growth in revenue and business volume is attributed to the company's diverse product matrix and comprehensive logistics solutions, which effectively meet the varied needs of customers in manufacturing and consumer sectors [3].

从指数持仓来看，中证中国内地企业全球工业综合指数十大权重分别为：宁德时代（6.03%）、京沪高 铁（1.82%）、汇川技术（1.37%）、中国建筑（1.16%）、三一重工（1.15%）、顺丰控股（1.03%）、 国电南瑞（0.96%）、中远海控（0.93%）、隆基绿能（0.92%）、中国中车（0.87%）。 金融界4月18日消息，A股三大指数收盘涨跌不一，中证中国内地企业全球工业综合指数 (CN工业综 合，H30377)报2273.92点。 数据统计显示，中证中国内地企业全球工业综合指数近一个月下跌10.58%，近三个月下跌2.51%，年至 今下跌4.95%。 据了解，中证中国内地企业全球行业综合指数系列从中证中国内地企业全球综合指数样本中按中证行业 分类标准进行分类，再以各自行业全部证券作为相应行业指数的指数样本，形成中证中国内地企业全球 行业综合指数系列，以反映中国内地企业中不同行业证券的整体表现。该指数以2004年12月31日为基 日，以1000.0点为基点。 从中证中国内地企业全球工业综合指数持仓的市场板块来看，深圳证券交易所占比46.82%、上海证券 交易所占比45.68%、香港证券交易所占比4.3 ...