申通快递股份有限公司 | | | 发行要素 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 申通快递股份有限公 | | | | | | | | | | | 债券名称 司 2025 | 年度第一期科 | | | 债券简称 | | | | | | | | | | | （科创债） | | | | | | | 技创新债券 | | | | | | | | | | | 债券代码 102583649 | | | 期限 | | 3年 | | | | | | 2025 8 起息日 年 月 | 27 | 日 | 兑付日 | | 2028 | 8 年 | 月 | 27 日 | | | | | 实际发行 | | | | | | | | | 计划发行总额 7 亿元 | | | | | 7 | 亿元 | | | | | | | 总额 | | | | | | | | | 发行利率 2.08% | | | 发行价格 | | | 100 元 | | | | | | | 申购情况 | | | | | | | | | | | 合规申购 ...

中证报中证讯（王珞）8月27日，申通快递（002468）发布公告显示，公司成功发行2025年度第一 期科技创新债券。本次发行规模为7亿元，期限为3年，发行利率低至2.08%。 公司表示，科创债的成功发行，一方面可以有效降低公司融资成本，另一方面有助于公司改善短期 偿债压力，使债务结构与业务发展的长期资金需求更加匹配。合理的债务结构安排，为申通快递应对市 场波动和业务拓展提供了更稳定的财务基础。低成本资金的注入，也将为公司产能升级与数智化网络建 设等战略提供更灵活的财务支持。 前景向好 利率优势凸显背后投资价值 据了解，申通快递首期科创债发行吸引了国有大行、股份制银行在内的多家投资者参与，全场认购 倍数2.4倍，最终以2.08%的票面利率成功募资7亿元，该发行利率水平也反映出市场对公司未来现金流 稳定性和长期发展前景的高度认可。 当前，快递行业正处于从"规模扩张"向"价值竞争"转型的关键阶段。随着促消费政策不断落地以及 全国快递物流网络向西、向下延申，行业头部企业有望凭借网络覆盖、运营效率和服务能力等综合优势 延续稳健增长势头。申通快递作为国内知名的头部快递服务企业之一，近年来通过持续投入基础设施建 设，深耕网 ...

Core Points - Shentong Express announced the issuance of its first phase of technology innovation bonds for 2025, with a total scale of 700 million yuan and a low interest rate of 2.08% [1] - The bond issuance attracted participation from 13 investment institutions, achieving a subscription multiple of 2.4 times and a marginal multiple of 2.48 times [1] - The raised funds will be used to supplement the working capital of Shentong Express and its subsidiaries, with 50% allocated to Shanghai Shinxue Supply Chain Management Co., Ltd. for operational expenses and technology research and development [1] - The issuance of these bonds is expected to strengthen the company's internal R&D capabilities and support its digital transformation strategy, while also reducing financing costs and improving short-term debt repayment pressure [1]

申通快递股份有限公司 募集资金用于补充发行人本部及子公司流动资金。 (本页无正文,为《申通快递股份有限公司 2025年度第一期科 技创新债券发行情况公告》 盖章页) 一、发行申购情况 申通快递股份有限公司于 2025 年 8 月 25 日至 2025 年 8 月 26 日发行了申通 快递股份有限公司 2025 年度第一期科技创新债券，现将发行申购、配售、分销 情况公告如下： | | 发行要素 | | | | | | --- | --- | --- | --- | --- | --- | | 债券名称 | 申通快递股份有限公 司 2025 年度第一期科 | 债券简称 | 25 申通快递 （科创债） | | MTN001 | | 技创新债券 | | | | | | | 债券代码 | 102583649 | 期限 | 3 年 | | | | 起息日 2025 | 年 8 月 27 日 | 兑付日 | 2028 年 8 月 | 日 | 27 | | 计划发行总额 7 | 亿元 | 实际发行 | 7 亿元 | | | | | | 总额 | | | | | 发行利率 | 2.08% | 发行价格 | 100 元 | | ...

证券之星消息，8月27日物流板块较上一交易日下跌1.81%，永泰运领跌。当日上证指数报收于3800.35， 下跌1.76%。深证成指报收于12295.07，下跌1.43%。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) | | --- | --- | --- | --- | --- | --- | | 603813 | *ST原尚 | 18.43 | 5.01% | 2.46万 | - 4404.89万 | | 603871 | 嘉友国际 | 11.88 | 4.39% | 53.41万 | 6.38亿 | | 002468 | 申通快递 | 18.24 | 1.45% | 38.78万 | 7.05亿 | | 600753 | *ST海钦 | 6.97 | 1.01% | + 4.58万 | 3221.10万 | | 603560 | 长久物流 | 8.84 | 0.23% | 30.18万 | 2.71亿 | | 601598 | 中国外运 | 5.63 | -0.18% | 24.77万 | 1.41亿 | | 601156 | 东航物流 | 1 ...

Core Viewpoint - The express delivery industry in China is experiencing a "volume increase and price drop" trend, prompting companies to focus on international markets for higher profits amid intensified domestic competition [1][4]. Industry Overview - The express delivery sector is a crucial part of the modern circulation system, connecting various industries and integrating online and offline services [3]. - In the first seven months of this year, China's express delivery volume reached 1,120.5 billion pieces, marking an 18.7% year-on-year increase [4]. Market Dynamics - The industry is projected to exceed 2.5 trillion pieces by 2030, with a compound annual growth rate of 8%-10%, leading to a market size surpassing 2.8 trillion yuan [4]. - Despite revenue growth, express delivery companies face declining per-package income, indicating a significant challenge in the industry [5][6]. Company Performance - In July, SF Express reported revenue of 24.847 billion yuan, a 9.95% increase, but with a 14.02% drop in per-package income [5]. - YTO Express, Yunda, and Shentong also reported revenue growth, but with continued declines in per-package income, highlighting the "volume increase and price drop" issue [5]. Competitive Landscape - The industry is shifting from a "low-price competition" model to a focus on service quality and efficiency, as companies aim to break the cycle of negative profit margins and declining service quality [6][7]. - Regulatory bodies are actively promoting measures to combat "involution" in competition, encouraging companies to enhance service quality rather than engage in price wars [6][7]. International Expansion - The global cross-border logistics market is expected to grow from 13.3 trillion yuan in 2020 to 18.6 trillion yuan by 2024, with a compound annual growth rate of 8.75% [8]. - Chinese express companies are accelerating their international expansion, with significant increases in their international development index [8][9]. - Companies like Cainiao and JD Logistics are enhancing their international logistics capabilities, establishing new routes and partnerships to improve service efficiency [9][10]. Future Outlook - The express delivery industry is expected to continue its internationalization, driven by the growth of cross-border e-commerce and international trade [10].

公示日期：2025年8月25日至2025年9月3日 附件下载 转自：市场监管总局网站 联系邮箱：jyzjz@samr.gov.cn ...

Core Viewpoint - Shentong Express has shown significant stock performance with an 82.23% increase year-to-date, despite a recent decline of 3.52% over the last five trading days [1] Company Overview - Shentong Express Co., Ltd. is located in Qingpu District, Shanghai, and was established on November 1, 2001. The company was listed on September 8, 2010. Its main business includes domestic express delivery, general freight, cargo transportation agency, warehousing services, and unloading services [1] - The revenue composition of the company is as follows: paid delivery 57.95%, transit income 36.62%, information services 4.34%, and other income 1.10% [1] Financial Performance - For the period from January to March 2025, Shentong Express achieved operating revenue of 11.999 billion yuan, representing a year-on-year growth of 18.43%. The net profit attributable to the parent company was 236 million yuan, with a year-on-year increase of 24.04% [2] - Since its A-share listing, Shentong Express has distributed a total of 1.614 billion yuan in dividends, with 131 million yuan distributed over the past three years [3] Shareholder Information - As of March 31, 2025, the number of shareholders for Shentong Express was 38,200, a decrease of 19.32% from the previous period. The average circulating shares per person increased by 23.94% to 39,050 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 62.934 million shares, an increase of 2.6301 million shares compared to the previous period [3] Market Activity - On August 27, Shentong Express's stock price rose by 2.00%, reaching 18.34 yuan per share, with a trading volume of 359 million yuan and a turnover rate of 1.36%. The total market capitalization is 28.075 billion yuan [1] - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on July 25, where it recorded a net purchase of 14.1143 million yuan [1]

北京商报讯（记者 何倩）8月26日，北京商报记者从申通获悉，申通快递广东揭阳新中心已正式启用。 据了解，该中心建筑面积达16.4万平方米，毗邻揭阳机场、汕湛高速及广梅汕铁路，构建"30分钟覆盖 揭阳，2小时直达汕潮梅"物流圈。中心不仅引入高速交叉带、NC分拣系统等智能分拣系统，还开通了 省内路由8条，省际路由70余条，经过试运营日产能达千万级。 ...

Core Viewpoint - Recent price increases in express delivery services in Guangdong and Zhejiang are primarily targeting e-commerce clients with low shipping costs, with adjustments ranging from 0.3 to 0.7 yuan per order and a minimum price set at 1.4 yuan per order [1][4]. Group 1: Price Increase Details - Multiple express delivery companies in Guangdong and Zhejiang have raised prices for e-commerce clients, with Guangdong being a key area for these adjustments [4]. - The price increase has been in effect since early August, with variations depending on the individual company's circumstances [4]. - Affected e-commerce businesses are those with previously low shipping costs, particularly in regions like Guangzhou, Shenzhen, and Dongguan [2][4]. Group 2: Industry Reactions and Implications - Industry experts predict that more regions will follow suit in adjusting e-commerce delivery prices, which may improve the performance of express delivery companies in the short term [3][8]. - However, there is skepticism among industry insiders regarding whether the price increase will lead to a corresponding rise in courier wages, with many calling for a minimum wage for couriers instead [5][6]. Group 3: Long-term Industry Trends - The ongoing price war in the express delivery sector has led to significant pressure on companies, particularly those operating under a franchise model, resulting in declining revenue per shipment [7]. - Experts foresee potential mergers and acquisitions in the industry as a response to the current challenges, with a shift towards a more concentrated market [8][9]. - The recent price adjustments are viewed as a potential starting point for broader improvements in the industry, including better capital expenditure, technology development, and labor conditions [9].