CEA(SH:600115) Zhong Guo Min Hang Wang·2026-01-19 10:50Core Viewpoint - The development of cross-border e-commerce logistics in the Guangdong-Hong Kong-Macao Greater Bay Area is thriving, with Southern Airlines Logistics (南航物流) playing a crucial role in enhancing logistics efficiency and supporting the export of "Made in Guangdong" products [1][4]. Group 1: Logistics Development - On January 16, Southern Airlines Logistics prepared to transport cross-border e-commerce goods from Nansha Port to Budapest, showcasing the robust growth of air logistics in the Greater Bay Area [1]. - By 2025, the total cargo and mail volume at Southern Airlines Logistics' Guangzhou International Cargo Station is expected to exceed 660,000 tons, with over 230,000 tons of export e-commerce goods [1]. Group 2: Cross-Border E-commerce Growth - The cross-border e-commerce industry in the Greater Bay Area has been rapidly growing, with significant increases in the export volume of "Made in Guangdong" products such as electronics and appliances [4]. - Southern Airlines Logistics has introduced innovative cross-border e-commerce transit services, simplifying the logistics process from port to airport and significantly improving shipping efficiency [4]. Group 3: Efficiency and Innovation - The introduction of a direct air-sea transport channel has reduced the time required for goods to be shipped from the port to the airport, enhancing the competitiveness of cross-border e-commerce companies [4][5]. - Southern Airlines Logistics has developed specialized transportation plans for high-volume items like batteries and sensitive goods, improving customs clearance efficiency while ensuring safety [4]. - The company has also been advancing the construction of smart cargo stations, which has led to a significant increase in the processing volume of e-commerce goods, with a year-on-year growth of over 60% [4].