交通运输行业周报：顺丰登陆港交所，成为首家“A+H”上市快递企业

Investment Rating - The report maintains a "Buy" rating for the transportation industry, highlighting key companies such as China National Aviation, Southern Airlines, and Spring Airlines [3]. Core Insights - SF Express has successfully listed on the Hong Kong Stock Exchange, becoming the first express delivery company with both A and H shares, which is expected to enhance its international business development and overall competitiveness [8]. - The report emphasizes the importance of operational transformation and cost management for companies in the industry, suggesting that there is still potential for improvement in cost and efficiency [9]. Summary by Sections Weekly Focus (11.24-11.30) - SF Express's listing is a significant milestone for the express delivery sector, providing a platform for international expansion and brand enhancement [8]. Industry Data Tracking (11.24-11.30) - Aviation Data: - Domestic flight volume reached 84,892 flights, averaging 12,127 flights per day, a decrease of 1.45% from the previous week, but 104.13% of the same period in 2019 [10]. - Domestic passenger volume was 11.59 million, down 2.50% week-on-week, but 110.19% of the 2019 level [11]. - Express Delivery Data: - Weekly average collection volume was approximately 545 million pieces, with a delivery volume of about 546 million pieces, reflecting a week-on-week decrease of 6.01% and 8.89% respectively [18]. - Year-to-date express delivery volume increased by 22.3%, with revenue growth of 13.9% [18]. Recent Key Reports - The report includes insights on the express delivery sector's performance, highlighting the growth in business volume and revenue, as well as the competitive landscape among major players [20][21]. Weekly Views and Recommended Portfolio (11.24-11.30) - The report suggests a focus on companies like China National Aviation, Southern Airlines, and Spring Airlines, indicating a positive outlook for these stocks [3].