Core Viewpoint - SF Holding (顺丰控股) reported a revenue of 27.007 billion yuan in September, marking an 8.78% year-on-year increase, driven by the peak delivery season during the National Day and Mid-Autumn Festival [1] Group 1: Revenue and Business Performance - The express logistics segment generated revenue of 20.854 billion yuan, reflecting a 14.21% year-on-year growth, with a total business volume of 1.504 billion parcels, up 31.81% year-on-year [1] - The average revenue per parcel was 13.87 yuan, while the supply chain and international business contributed 6.153 billion yuan in revenue [1] Group 2: Service Innovations and Market Expansion - SF Holding enhanced its service offerings for the seasonal delivery of hairy crabs by establishing temporary collection points and deploying smart logistics technologies, maintaining a competitive edge in the market [2] - The company launched its first intelligent transfer center for hairy crabs in Suzhou, featuring an automated sorting system that can process over 20,000 items per hour and exceed 400,000 items daily [2] Group 3: Strategic Initiatives and Regional Development - SF Holding is integrating logistics with branding and traffic, improving packaging for hairy crabs to reflect local culture while enhancing freshness [5] - The company is expanding its logistics network in regions like Shaanxi, addressing local farmers' needs and enhancing the distribution of regional agricultural products [5] Group 4: International Expansion - SF Holding is expanding its international logistics network, recently launching a cargo route from Ezhou to Chicago, enhancing cross-border service capabilities [6] - The company’s air cargo fleet has grown to 90 aircraft, covering domestic and international markets, supporting global logistics needs [8] Group 5: ESG Performance and Investment Value - SF Holding achieved a significant upgrade in its ESG rating from MSCI, moving from "BBB" to "A," making it the first logistics company in China to receive this rating [10] - The improved ESG performance is expected to enhance brand credibility and support the company's long-term investment value and international business expansion [10]

Performance - Cambrian's Q3 revenue reached 1.727 billion yuan, a year-on-year increase of 1332.52%; net profit was 567 million yuan [1] - Hikvision's Q3 net profit grew by 20.31% year-on-year [5] - Sitaiwei's net profit for the first three quarters is expected to increase by 140% to 169% year-on-year [5] - Northern Heavy Industries anticipates a year-on-year net profit increase of 56.90% to 70.74% for the first three quarters [5] - Jintian's net profit for the first three quarters increased by 104.37% year-on-year [5] - Yingshi Network's Q3 net profit grew by 28.73% year-on-year [5] - Sankeshu's net profit for the first three quarters increased by 81.22% year-on-year, with a proposed dividend of 5 yuan per 10 shares [5] - Pianzaihuang's Q3 net profit decreased by 28.82% year-on-year [5] - Shentong Technology's Q3 net profit surged by 452.62% year-on-year [5] - Huayou Cobalt's net profit for the first three quarters increased by 39.59% year-on-year [5] - Guotou Power's Q3 power generation reached 47.891 billion kWh, a year-on-year decrease of 14.42% [5] - Rongbai Technology reported a Q3 net loss of 135 million yuan [5] - Zijin Mining's Q3 net profit increased by 52.25% year-on-year [5] - Haida Group's net profit for the first three quarters increased by 14.31%, planning to spin off its subsidiary Haida Holdings for a Hong Kong listing [5] Share Buybacks and Reductions - Fujirui plans to repurchase shares worth 10 million to 20 million yuan [3] - Tonghua Dongbao intends to repurchase shares worth 20 million to 40 million yuan [3] - Shenzhen New Star plans to adjust the maximum repurchase price to no more than 30 yuan per share [3] - Sanhua Intelligent Control has raised the maximum repurchase price and extended the implementation period [3] - Dayang Electric has also raised the maximum repurchase price and extended the implementation period [3] - Hunan Baiyin's controlling shareholder plans to reduce its stake by no more than 2% [5] - Shengbang shares' controlling shareholder plans to reduce its stake by no more than 1.28% [5] - Liandong Technology's actual controller plans to reduce its stake by no more than 2.9963% [5] - Juxing Agriculture's shareholder plans to reduce its stake by no more than 2% [5] - Aerospace Engineering's shareholders plan to reduce their stakes by no more than 6% [5] Contracts and Collaborations - Yongmaotai signed a strategic cooperation framework agreement with a leading humanoid robot company [3] - Xinjiang Jiaojian won a construction project worth 556 million yuan [4] - Jingjiawei signed a strategic cooperation agreement with Cangqiong Digital to create a fully domestic integrated solution [3] - Shengshi Technology signed a contract for a project worth 102 million yuan at Hunchun Port [3] - Robotech signed a contract worth approximately 761 million yuan, accounting for about 68.83% of the company's 2024 revenue [3] - Guangdong Construction's subsidiary signed a cooperation framework agreement with the Maoming Binhai New Area Management Committee [3] Mergers and Acquisitions - Jingwei Huikai plans to acquire 100% of Zhongxing System for 850 million yuan, entering the private network communication field [6] - Weigao Blood Purification intends to purchase 100% of Weigao Purui's shares, with stock trading suspended from October 20 [6] - GoerTek terminated its planned acquisition of Mia Precision Technology and Changhong Industrial [6] Financing - Changsha Bank received regulatory approval to issue capital instruments not exceeding 12 billion yuan [6]

Core Viewpoint - SF Holding (06936) reported a total revenue of RMB 27.007 billion for its express logistics, supply chain, and international business for September 2025, representing a year-on-year growth of 8.78% [1] Group 1: Express Logistics Business - Revenue from express logistics business increased by 14.21% year-on-year, with business volume growing by 31.81% [1] - The growth is attributed to the company's continuous enhancement of standard products and comprehensive logistics service capabilities, effectively meeting diverse customer logistics needs [1] - The company has optimized its market strategy to promote high-quality business growth [1] Group 2: International Business - The international freight forwarding business revenue was impacted by fluctuations in international trade and a slowdown in freight market demand, leading to a significant decline in sea freight prices compared to the same period last year [1] - Despite these challenges, the company leveraged its global network advantages and diverse product offerings to adapt to market changes and actively explore new demands [1] - Revenue from international express and cross-border e-commerce logistics business achieved rapid growth year-on-year [1]

Core Viewpoint - SF Holding (06936.HK) reported a total revenue of RMB 27.007 billion for its express logistics, supply chain, and international business for the year ending September 2025, representing a year-on-year growth of 8.78% [1] Group 1: Express Logistics Business - Revenue from the express logistics business increased by 14.21% year-on-year, with a business volume growth of 31.81% [1] - The growth is attributed to the company's continuous enhancement of standard products and comprehensive logistics service capabilities, as well as deepening its engagement in various logistics scenarios to effectively meet diverse customer needs [1] - The company has gradually optimized its market strategy to promote high-quality business growth [1] Group 2: International Business - The international freight forwarding business revenue was impacted by fluctuations in international trade and a slowdown in freight market demand, leading to a significant decline in sea freight prices compared to the same period last year [1] - Despite these challenges, the company leveraged its global network advantages and diverse product offerings to adapt to market changes and actively explore new demands, maintaining stable overall cargo volume in the international freight forwarding business [1] - Revenue from international express and cross-border e-commerce logistics experienced rapid growth year-on-year [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。 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） 2025 年 9 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2025年9月業務經 營簡報情況如下： | 項目 | | 2025年9月 | 2024年9月 | 同比變動 | | --- | --- | --- | --- | --- | | 1. | 速運物流業務 | | | | | | 營業收入 （人民幣億元） | 208.54 | 182.60 | 14.21% | | | －業務量 （億票） | 15.04 | 11.41 | 31.81% | | | －單票收入 （人民幣元） | 13.87 | 16.00 | -13.31% | | 2. | 供應鏈 ...

Core Viewpoint - SF Holding (002352.SZ) reported a total revenue of RMB 27.007 billion for its express logistics, supply chain, and international business for the year ending September 2025, representing a year-on-year growth of 8.78% [1] Group 1: Revenue Breakdown - The express logistics business revenue grew by 14.21% year-on-year [1] - The business volume for express logistics increased by 31.81% [1] Group 2: Strategic Initiatives - The company has been continuously enhancing its standard products and comprehensive logistics service capabilities [1] - SF Holding is focusing on deepening its logistics services across various production and living scenarios to effectively meet diverse customer logistics needs [1] - The company is gradually optimizing its market strategies to drive high-quality business growth [1]

Core Insights - SF Holding reported a revenue of 27.007 billion yuan in September, marking an 8.78% year-on-year increase, with express logistics revenue reaching 20.854 billion yuan, up 14.21%, and a business volume of 1.504 billion parcels, a 31.81% increase year-on-year, indicating a solid operational foundation and alignment with industry recovery trends [1] Business Innovation and Digitalization - Since September, SF Holding has expanded its logistics service scenarios, launching a "luggage-free" service in collaboration with Wuxi Airport and Suzhou Tourism Bureau, offering free round-trip delivery for the first piece of luggage under 20 kg, with delivery times as fast as 1-2 hours [2] - The company opened its first service center in an indoor ski resort in Shenzhen, focusing on customized logistics solutions for snow sports enthusiasts, including equipment storage and transportation, enhancing user experience and filling a niche in specialized logistics services [2] - SF Holding's self-developed "SF Super Brain" platform integrates big data and AI algorithms for optimal logistics operations, showcasing the company's digitalization capabilities and strategic shift from internal efficiency to external industry empowerment [3] Global Supply Chain Expansion - SF Holding has strengthened its global supply chain with the opening of the "Ezhou=Chicago" route, enhancing logistics efficiency between China and the U.S. and achieving coverage of the top three U.S. cities, thereby solidifying its presence in the North American market [4] - The recent launch of a new warehouse in Singapore marks a significant transition from cross-border transport to local operations in Southeast Asia, facilitating seamless connections between maritime and air transport resources [5] - SF Holding's ESG rating was upgraded from "BBB" to "A" by MSCI, making it the first logistics company in China to achieve this rating, reflecting its commitment to sustainable development and boosting international market confidence [6]

Core Viewpoint - SF Holding (002352) announced that its revenue from express logistics, supply chain, and international business for September 2025 is projected to be 27.007 billion yuan, representing a year-on-year growth of 8.78% [1] Group 1 - The total revenue for the express logistics, supply chain, and international business segments is expected to reach 27.007 billion yuan by September 2025 [1] - The year-on-year growth rate of 8.78% indicates a positive trend in the company's revenue performance [1]

Core Viewpoint - SF Holding (002352.SZ) reported a total revenue of RMB 27.007 billion for its express logistics, supply chain, and international business in September 2025, representing a year-on-year growth of 8.78% [1] Group 1: Revenue Breakdown - The express logistics business generated revenue of RMB 20.854 billion, showing a year-on-year increase of 14.21% [1] - The total business volume for express logistics reached 1.504 billion parcels, reflecting a year-on-year growth of 31.81% [1] Group 2: Growth Drivers - The growth in express logistics revenue and business volume is attributed to the company's continuous enhancement of standard products and comprehensive logistics service capabilities [1] - The company has effectively deepened its engagement in various logistics scenarios related to production and daily life, meeting diverse customer logistics needs [1] - The gradual optimization of market strategies has contributed to the promotion of high-quality business growth [1]

Core Viewpoint - SF Holding (002352.SZ) reported a total revenue of RMB 27.007 billion for its express logistics, supply chain, and international business in September 2025, representing a year-on-year growth of 8.78% [1] Revenue Breakdown - The express logistics business generated revenue of RMB 20.854 billion, showing a year-on-year increase of 14.21% [1] - The business volume reached 1.504 billion parcels, which is a year-on-year growth of 31.81% [1] Growth Drivers - The growth in express logistics revenue and business volume is attributed to the company's continuous enhancement of standard products and comprehensive logistics service capabilities [1] - The company has been focusing on various logistics scenarios in production and daily life, effectively meeting diverse customer logistics needs [1] - Additionally, the company is gradually optimizing its market strategy to promote high-quality business growth [1]