Core Viewpoint - SF Holding (002352)(06936) reported a total revenue of RMB 26.86 billion for its express logistics, supply chain, and international business in January 2026, representing a year-on-year growth of 2.22% [1] Group 1: Business Performance - The company maintains a sustainable and healthy development approach, upgrading its operational mechanisms and dynamically adjusting market strategies to meet diverse logistics needs with high-quality services [1] - Despite a year-on-year decline in international shipping prices affecting the growth rate of international freight and agency business revenue, the company leveraged its global network and diverse product offerings to adapt to market changes [1] - The revenue from the international freight forwarding business increased year-on-year, supported by the company's proactive engagement in new opportunities for enterprises going abroad [1] Group 2: Revenue Growth in Specific Segments - The supply chain business, international express, and cross-border e-commerce logistics segments experienced rapid revenue growth, contributing to a year-on-year increase of 17.23% in overall supply chain and international business revenue [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容所產生或因 依賴該等內容而引致的任何損失承擔任何責任。 1 1. 速運物流業務：主要包括公司的時效快遞、經濟快遞、快運、冷運及醫藥，及同城即時 配送業務板塊。 2. 供應鏈及國際業務：主要包括公司的國際快遞、國際貨運及代理，及供應鏈業務板塊。 3. 以上收入不含公司其他非物流業務收入。 S.F. Holding Co., Ltd. 順豐控股股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6936） 2026 年 1 月快遞物流業務經營簡報 根據《深圳證券交易所上市公司自律監管指引第3號 —— 行業信息披露》的規 定，順豐控股股份有限公司（以下簡稱「公司」或「本公司」）現披露2026年1月業 務經營簡報情況如下： | 項目 | | 2026年1月 | 2025年1月 | 同比變動 | | --- | --- | --- | --- | --- | | 1. | 速運物流業務 | | | | | | （人民幣億元） 營業收入 | 203.96 ...

Group 1 - Tianfeng Securities received an administrative penalty notice from the China Securities Regulatory Commission (CSRC) for violations including undisclosed related party transactions and significant omissions in annual reports, with a proposed fine of 15 million yuan [1] - Zongshen Power plans to swap its motorcycle engine business assets with Longxin General's general machinery business assets to resolve competition issues and promote clearer business development, which is expected to constitute a major asset restructuring [2] - Quantum Leap, the third-largest shareholder of Zhangyue Technology, reduced its holdings by 4.3125 million shares, bringing its ownership below 5% [3] Group 2 - Southwest Securities plans to raise up to 6 billion yuan through a private placement to supplement its capital, with funds allocated for various business areas including wealth management and debt repayment [4][7] - ST Quanwei announced a risk of being subject to "delisting risk warning" due to projected negative net profit and revenue below 100 million yuan for 2025 [5] - ST Yigou's shareholder, Hangzhou Haoyue, plans to reduce its stake by up to 2.5% within three months [6] Group 3 - Gaode Infrared signed a contract worth 1.851 billion yuan for a complete equipment system, which is expected to significantly impact its Q1 2026 performance [9] - Jialinjie announced that its actual controller, Li Zhaoting, has been detained by the police, but this will not affect the company's operations [10] - Zhengyuan Wisdom's actual controller, Chen Jian, was sentenced to three years in prison for manipulating the securities market, but the company’s operations remain unaffected [11] Group 4 - Yongtai Technology terminated its plan to purchase a 25% stake in Yongtai High-tech from CATL due to a lack of consensus among parties involved, with no significant impact on operations [12] - Yingjixin is under investigation by the CSRC for suspected information disclosure violations, but its business activities continue normally [13] Group 5 - SF Holding reported a revenue of 26.86 billion yuan in January, a year-on-year increase of 2.22% [14] - China Shenhua's coal sales volume in January reached 33.2 million tons, up 9.9% year-on-year [14] - China Eastern Airlines and China Southern Airlines reported a year-on-year decline in passenger turnover of 1.03% and 2.86% respectively in January [14]

Core Viewpoint - SF Holding (002352.SZ) reported a revenue of RMB 26.86 billion for its express logistics, supply chain, and international business in January 2026, representing a year-on-year growth of 2.22% [1] Revenue Breakdown - The supply chain business, international express, and cross-border e-commerce logistics experienced rapid growth, contributing to a 17.23% year-on-year increase in overall revenue from supply chain and international operations [1]

春节前夕，年味儿渐浓，一封手写着二十多位居民联合签名的感谢信，被郑重送到顺丰速运望京首开店 网点，这份特别的"新春礼物"，也让在望京西园四区坚守了六年的顺丰快递员贡志超，在忙碌的岁末 里，收获了一份别样的温暖。 除了守护孩子，他还守护着小区里的快递安全。两三年前，小区曾频繁丢快递。贡志超和同事们在群里 互通消息，盯着可疑人员。一天，一个快递兄弟在群里喊"看见小偷了"，他刚送完快递下楼，立刻冲过 去堵人。小偷手里攥着未拆的快递，包里还藏着更多。"当时也没怕，就想着不能让邻居们的东西丢 了。"报了警，看着小偷被带走。楼上楼下因为孩子噪音闹矛盾，他撞见了就上前劝："远亲不如近邻， 孩子小不懂事，楼上多看着点，楼下也多担待点。"几句话，两家人就和好了。后来楼下邻居搬到海 淀，还特意给他发消息："小贡，以后路过海淀，记得来家里吃饭。" 这份双向奔赴的温暖，让贡志超在坚守中收获了感动，而公司的关怀，则让他的坚守更有底气。就在马 年春节前夕，顺丰发布面向一线员工的"春季增收"专项计划，投入2亿元资金助力快递员增收，平均收 入提升500元，再叠加春节期间的各项激励与福利，让像贡志超这样的一线快递员，在坚守岗位的同 时，收获了 ...

Core Viewpoint - SF Holding announced that the combined revenue from express logistics, supply chain, and international business for January 2026 is expected to be RMB 26.86 billion, representing a year-on-year growth of 2.22% [1] Group 1: Express Logistics Business - The revenue from the express logistics business is RMB 20.396 billion, showing a year-on-year decline of 1.77% [1] - The business volume reached 1.386 billion parcels, reflecting a year-on-year increase of 4.21% [1] - The revenue per parcel is RMB 14.72, which is a year-on-year decrease of 5.70% [1] Group 2: Supply Chain and International Business - The revenue from supply chain and international business is RMB 6.464 billion, indicating a year-on-year growth of 17.23% [1]

Core Viewpoint - The company reported a total revenue of RMB 26.86 billion for its express logistics, supply chain, and international business in January 2026, reflecting a year-on-year growth of 2.22% [1] Group 1: Express Logistics Business - The express logistics business generated revenue of RMB 20.396 billion, showing a year-on-year decline of 1.77% [1] - The business volume reached 1.386 billion parcels, which is a year-on-year increase of 4.21% [1] - The revenue per parcel was RMB 14.72, representing a year-on-year decrease of 5.70% [1] Group 2: Supply Chain and International Business - The supply chain and international business reported revenue of RMB 6.464 billion, marking a year-on-year growth of 17.23% [1]

证券代码：002352 证券简称：顺丰控股 公告编号：2026-008 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 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 规定，顺丰控股股份有限公司（以下简称"公司"）现披露 2026 年 1 月业务经 营简报情况如下： | 项目 | 2026 年 | 1 月 | 2025 年 | 1 月 | 同比变动 | | --- | --- | --- | --- | --- | --- | | 1、速运物流业务 | | | | | | | 营业收入（人民币亿元） | | 203.96 | | 207.63 | -1.77% | | 业务量（亿票） | | 13.86 | | 13.30 | 4.21% | | 单票收入（人民币元） | | 14.72 | | 15.61 | -5.70% | | 2、供应链及国际业务 | | | | | | | 营业收入（人民币亿元） | | 64.64 | | 55.14 | 17.23% | | 合计（人民币亿元） | | 268.60 | | 262.77 | ...

Core Viewpoint - SF Holding announced that its revenue from express logistics, supply chain, and international business for January 2026 reached RMB 26.86 billion, representing a year-on-year growth of 2.22% [1] Group 1: Revenue Breakdown - Revenue from express logistics business amounted to RMB 20.396 billion, showing a year-on-year decline of 1.77% [1] - The business volume for express logistics was 1.386 billion parcels, reflecting a year-on-year increase of 4.21% [1] - The average revenue per parcel for express logistics was RMB 14.72, which is a year-on-year decrease of 5.70% [1] Group 2: Supply Chain and International Business - Revenue from supply chain and international business reached RMB 6.464 billion, marking a year-on-year growth of 17.23% [1]

Summary of Low Altitude Economy and Drone Industry Conference Call Industry Overview - The low altitude economy is expected to enter the implementation phase in 2026, with new national plans anticipated to be released, and the National Development and Reform Commission (NDRC) will oversee funding and subsidies [2][4][11] - The low altitude economy has seen slow progress over the past 25 years, with significant policies only being released in 2025 [3] Key Points and Arguments Policy and Funding - A new 15th Five-Year Plan is expected to be published, which will likely include increased funding and subsidies from the national level, contrasting with 2025 when funding was limited [2][4] - The NDRC will be responsible for reviewing and issuing national-level funds and subsidies [5] Infrastructure Development - A national air traffic management system is projected to be launched in 2026, with a focus on safety measures, particularly anti-drone construction [2][6] - Local governments are preparing to implement standards released by 10 departments and the NDRC [6] Manufacturing and Certification - 2026 and 2027 are critical years for certification in the drone industry, with U.S. companies like Jovi and Archer expected to receive FAA certification, while Chinese companies like XPeng and Zero Gravity are anticipated to obtain their second and third manned aircraft certificates [2][7] Investment Opportunities - Companies that can benefit from the low altitude industry, such as Zongheng Co. for industrial drones and Fulim Logistics for delivery services in mountainous areas, are highlighted as potential investment opportunities [4][15] - The investment environment in 2026 is expected to be more optimistic due to accelerated implementation and increased funding support [4][15] Additional Important Insights - The Hefei special bond project serves as a model for other cities, focusing on core infrastructure development and inviting social capital participation [8] - The low altitude economy is projected to become a trillion-dollar market, with the potential to replace 10% of ground traffic demand, leading to a market size of several million aircraft [10] - The commercial viability of drone applications in agriculture and inspection has already been established, independent of policy support [13] - The cargo drone transportation sector is still in the pilot phase, with significant potential for growth, supported by government subsidies [14] - EHang has received an operational qualification certificate but is awaiting further regulatory guidance before launching operations [12]