证券代码：002468 证券简称：申通快递 公告编号：2024-044 申通快递股份有限公司 关于为下属子公司提供担保的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导性 陈述或者重大遗漏。 特别提示： 被担保方辽宁瑞银申通快递有限公司（以下简称"辽宁瑞银"）、淮安子淳物流有限公司（以 下简称"淮安物流"）、陕西瑞银申通快递有限公司（以下简称"陕西瑞银"）为申通快递股份 有限公司（以下简称"公司"）下属子公司，其资产负债率超过 70%，提醒广大投资者关注担保风 险。 一、担保情况概述 为了满足下属子公司业务发展需要，公司全资子公司申通快递有限公司（以下简称"申通有 限"）拟为下属子公司辽宁瑞银、淮安物流、陕西瑞银提供担保，由申通有限向银行申请开具保 函，用于支付上述子公司的工程款保证金，本次开具保函的金额合计不超过人民币 3,800 万元， 本次对外担保额度有效期为自股东大会审议通过之日起，至下年度审议对外担保额度预计的股东 大会召开之日止，任一时点的担保余额不得超过股东大会审议通过的担保额度。 公司于 2024 年 8 月 30 日召开第六届董事会第四次会议和第六届监事会第三 ...

Investment Rating - The report assigns a "Buy" rating to the company for the first time, with a target price of 10.78 CNY, representing a 27% upside from the current price of 8.47 CNY [1][3]. Core Insights - The report highlights that the transformation factors within the company are translating into positive performance, and the industry's trend towards "anti-involution" is expected to enhance the company's earnings elasticity [1][4]. - The company has regained its leading position in terms of parcel volume growth, with a year-on-year growth rate of 35.2% in 2023, surpassing the average growth of its peers by 13.2 percentage points [1][13]. - The report emphasizes the importance of volume as a foundation for the company's operations, supported by the direct operation of transfer centers and increased capital investment to enhance capacity [1][5]. Summary by Sections Business Volume as a Foundation - The company has consistently led the industry in parcel volume growth since 2023, with a significant reduction in market share gap compared to its competitors [1][12]. - The support for this growth comes from the increase in the direct operation of transfer centers and substantial capital investments aimed at boosting capacity, with a projected capacity increase of 19%, 20%, and 25% from 2022 to 2024 [1][5][22]. Positive Cycle of Volume and Profitability - The company is achieving a positive cycle of volume, cost, and profit, with a notable turning point in single parcel net profit since Q1 2022, ending a period of losses [1][28]. - Free cash flow turned positive in 2023, marking the first time since 2018 that the company has restored its cash-generating ability [1][5]. Industry "Anti-Involution" Trend - The report notes that the industry is moving towards "anti-involution," which is beneficial for the earnings elasticity of express delivery companies [1][5]. - The competitive strategies of major companies are shifting, with a focus on service quality and a slowdown in capital expenditure, laying the groundwork for industry optimization [1][5]. Investment Recommendations - The report forecasts the company's net profit for 2024-2026 to be 8.6 billion, 12.7 billion, and 15.8 billion CNY, representing year-on-year growth rates of 152%, 48%, and 24% respectively [1][5]. - The target price is based on a projected price-to-earnings ratio of 13 times for 2025, leading to a target market value of 16.5 billion CNY [1][5].

证券代码：002468 证券简称：申通快递 公告编号：2024-041 申通快递股份有限公司 2024 年 7 月经营简报 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导性 陈述或者重大遗漏。 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》的有关规定，公司现 披露2024年7月份相关数据信息如下： | 项 目 | 2024年7月 | 同比增长 | | --- | --- | --- | | 快递服务业务收入（亿元） | 38.99 | 25.88% | | 完成业务量（亿票） | 19.49 | 35.37% | | 快递服务单票收入（元） | 2.00 | -6.98% | 上述快递服务单票收入计算如有差异为四舍五入原因所致。上述数据未经审计，与定期报告 披露的数据之间可能存在差异，请以公司定期报告为准。 特此公告。 申通快递股份有限公司董事会 2024年8月20日 ...

证券代码：002468 证券简称：申通快递 公告编号：2024-040 申通快递股份有限公司 2024年7月20日 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》的有关规定，公司现 披露2024年6月份相关数据信息如下： | 项 目 | 2024年6月 | 同比增长 | | --- | --- | --- | | 快递服务业务收入（亿元） | 39.41 | 17.28% | | 完成业务量（亿票） | 19.65 | 29.00% | | 快递服务单票收入（元） | 2.01 | -9.05% | 上述快递服务单票收入计算如有差异为四舍五入原因所致。上述数据未经审计，与定期报告 披露的数据之间可能存在差异，请以公司定期报告为准。 特此公告。 申通快递股份有限公司董事会 2024 年 6 月经营简报 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导性 陈述或者重大遗漏。 ...

[2024 Semi-Annual Performance Forecast](index=1&type=section&id=2024%E5%B9%B4%E5%8D%8A%E5%B9%B4%E5%BA%A6%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A) - The company expects its performance for the first half of 2024 to show an upward trend year-on-year[7](index=7&type=chunk) - This performance forecast has not been audited by an accounting firm, and the final financial data will be subject to the semi-annual report[2](index=2&type=chunk)[8](index=8&type=chunk) [I. Expected Performance for the Current Period](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) STO Express anticipates significant growth in net profit attributable to shareholders and net profit after deducting non-recurring gains and losses for the first half of 2024, with growth rates ranging from 71.78% to 118.30% [1. Performance Forecast Period](index=1&type=section&id=1%E3%80%81%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%9C%9F%E9%97%B4) This performance forecast covers the period from January 1, 2024, to June 30, 2024 - The performance forecast period is from January 1, 2024, to June 30, 2024[11](index=11&type=chunk) [2. Estimated Operating Performance](index=1&type=section&id=2%E3%80%81%E9%A2%84%E8%AE%A1%E7%9A%84%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9) The company expects net profit attributable to shareholders and net profit after deducting non-recurring gains and losses for the first half of 2024 to range from **RMB 375.00 million to RMB 475.00 million**, achieving significant year-on-year growth 2024 Semi-Annual Performance Forecast | Project | Estimated for Current Period (RMB Million) | Year-on-Year Growth (%) | Actual for Prior Period (RMB Million) | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | 375.00 - 475.00 | 71.78% - 117.59% | 218.30 | | Net Profit After Deducting Non-Recurring Gains and Losses | 375.00 - 475.00 | 72.34% - 118.30% | 217.59 | | Basic Earnings Per Share (RMB/share) | 0.25 - 0.32 | - | 0.14 | [II. Communication with Accounting Firm](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) The company explicitly states that this performance forecast has not been audited by an accounting firm, advising investors to be aware of the risks - The data in this performance forecast has not been audited by an accounting firm[2](index=2&type=chunk) [III. Explanation of Performance Changes](index=1&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) Performance growth is primarily attributed to the overall improvement in the express delivery industry driven by domestic economic recovery and e-commerce retail growth, coupled with the company's adherence to a 'righteous operation, long-termism' strategy, expanding capacity, enhancing timeliness, deepening digital intelligence operations, and refined management, resulting in business volume growth exceeding the industry average, increased market share, and significantly improved profitability - China's economy continues to recover and improve, with steady growth in online retail of physical goods and a rapid growth trend in express delivery volumes[7](index=7&type=chunk) - The company adheres to the philosophy of 'righteous operation, long-termism' and is committed to the strategic goal of 'building China's leading experience-driven economical express delivery service'[3](index=3&type=chunk) - By expanding throughput capacity and enhancing timeliness and quality experience, the company achieved business volume growth higher than the industry average and a steady increase in market share[3](index=3&type=chunk)[8](index=8&type=chunk) - Deepening the digital intelligence operation system and fully implementing refined management have led to significant cost reduction and efficiency improvement, substantially enhancing profitability[8](index=8&type=chunk) - For the first half of 2024, the company's net profit after deducting non-recurring gains and losses is expected to increase by **72.34% to 118.30%** year-on-year[8](index=8&type=chunk) [IV. Other Related Explanations](index=2&type=section&id=%E5%9B%9B%E3%80%81%E5%85%B6%E4%BB%96%E7%9B%B8%E5%85%B3%E8%AF%B4%E6%98%8E) The company reiterates that this performance forecast data is a preliminary calculation, with final data subject to the official semi-annual report, and advises investors to be aware of investment risks - The data in this performance forecast represents only preliminary calculations by the company's finance department[8](index=8&type=chunk) - Specific financial data will be subject to the company's disclosed 2024 semi-annual report[8](index=8&type=chunk) - Investors are advised to invest rationally and be aware of investment risks[8](index=8&type=chunk)

证券代码：002468 证券简称：申通快递 公告编号：2024-038 申通快递股份有限公司 关于对外担保的进展公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导性 陈述或者重大遗漏。 一、担保情况概述 （一）担保事项审议情况 申通快递股份有限公司（以下简称"公司"）于 2024 年 4 月 24 日召开第六届董事会第三次 会议审议通过了《关于对外提供担保的议案》，同意公司（含控股子公司）为公司加盟商或其法 定代表人向银行等金融机构申请贷款时提供总额度不超过人民币 20,000 万元的担保，该担保额 度已经 2023 年度股东大会审议通过，有效期至下年度审议对外担保额度预计的股东大会召开之 日止，任一时点的担保余额不得超过股东大会审议通过的担保额度，具体内容详见公司分别于 4 月 25 日、5 月 21 日在《中国证券报》《证券日报》《证券时报》《上海证券报》及巨潮资讯网 （www.cninfo.com.cn）上披露的《关于对外提供担保的公告》（公告编号：2024-027）、《2023 年度股东大会决议公告》（公告编号：2024-032）。 本次被担保对象为经公司严格审核且与公司 ...

证券代码：002468 证券简称：申通快递 公告编号：2024-037 申通快递股份有限公司 关于境外子公司转让其参股公司股权、放弃优先购买权 暨关联交易的进展公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导性 陈述或者重大遗漏。 一、关联交易概述 申通快递股份有限公司（以下简称"公司"）分别于 2024 年 4 月 24 日、2024 年 5 月 20 日 召开第六届董事会第三次会议、2023 年度股东大会，审议通过了《关于境外子公司转让其参股公 司股权、放弃优先购买权暨关联交易的议案》，同意公司间接持有 100%股权的境外子公司 STO Express Investment Holding Pte. Ltd.（以下简称"新加坡申通"）将其持有的 Cainiao Smart Logistics Network Limited（以下简称"菜鸟"）114,094,165 股普通股股份（持股比例 0.74%）以每股 0.62 美元的价格转让给 Ali CN Investment Holding Limited（以下简称"Ali CN"），转让价格为 70,738,382.30 美元 ...

证券代码：002468 证券简称：申通快递 公告编号：2024-036 申通快递股份有限公司 关于对外担保的进展公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导性 陈述或者重大遗漏。 一、担保情况概述 （一）担保事项审议情况 申通快递股份有限公司（以下简称"公司"）于 2024 年 4 月 24 日召开第六届董事会第三次 会议审议通过了《关于对外提供担保的议案》，同意公司（含控股子公司）为公司加盟商或其法 定代表人向银行等金融机构申请贷款时提供总额度不超过人民币 20,000 万元的担保，该担保额 度已经 2023 年度股东大会审议通过，有效期至下年度审议对外担保额度预计的股东大会召开之 日止，任一时点的担保余额不得超过股东大会审议通过的担保额度，具体内容详见公司分别于 4 月 25 日、5 月 21 日在《中国证券报》《证券日报》《证券时报》《上海证券报》及巨潮资讯网 （www.cninfo.com.cn）上披露的《关于对外提供担保的公告》（公告编号：2024-027）、《2023 年度股东大会决议公告》（公告编号：2024-032）。 （二）担保进展情况 近日，公司全资子公 ...

申通快递股份有限公司 2023 年年度权益分派实施公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导性 陈述或者重大遗漏。 特别提示： 1、根据《中华人民共和国公司法》《深圳证券交易所上市公司自律监管指引第 9 号——回购 股份》等相关规定，申通快递股份有限公司（以下简称"公司"）通过回购专用证券账户（以下 简称"回购专户"）持有的公司股份不享有参与本次利润分配的权利。 公司 2023 年度权益分派方案为：以实施分配方案时股权登记日（2024 年 6 月 18 日）的总股 本 1,530,802,166 股减去公司回购专户股份 8,491,800 股后的 1,522,310,366 股为基数，向全体 股东每 10 股派发现金股利人民币 0.20 元（含税），本次不进行公积金转增股本、不送红股。公 司本次实际现金分红的总金额=实际参与分配的总股本×分配比例，即 30,446,207.32 元 =1,522,310,366 股×0.02 元/股。 2、因公司回购专户上的股份不享有利润分配的权利，根据股票市值不变原则，实施权益分派 前后公司总股本保持不变，现金分红总额分摊到每一股的比例 ...