2025年上半年，公司货运总量增加至6.8百万吨，同比增加6.2%，而总票数增加25.2%至90.6百万票。就 货重结构而言，迷你小票(70公斤以下)及小票零担(70至300公斤)货量分别增加23.9%及14.0%。公司的迷 你小票及小票零担货运量的增长带动总票数增加25.2%，而票均重由2024年上半年的89公斤减少至2025 年上半年的75公斤。以上趋势反映了公司货重结构优化的战略，因为小票零担的单价和利润率较高，对 服务质量的要求更高且在增值服务方面有更多的需求。随着公司聚焦服务质量和盈利能力，辅以更精准 的定价机制，公司能提供更好的服务质量并吸引优质客户，追求高毛利和业务的可持续发展。 展望未来，公司将持续致力于渠道拓展和产品竞争力提高，着眼于提升网络覆盖、时效和品质，并以数 智化为驱动力，释放业务潜力，赋能货运合作商和代理商精细化经营和管理，为网点生态注入活力，为 客户带来更大价值，并为股东带来可持续回报。 格隆汇8月19日丨安能物流(09956.HK)公布中期业绩，截至2025年6月30日止六个月，公司收入为56.25 亿元，同比增长6.4%；经调整净利润4.76亿元，同比增长10.7%。2025 ...

安能物流(09956)发布截至2025年6月30日止六个月的中期业绩，收入56.25亿元(人民币，下同)，同比增 加6.36%;毛利8.8亿元，同比增加0.21%;股东应占溢利4.2亿元，同比增加7.54%;每股基本盈利0.37元;拟 派发中期股息每股0.1572港元。 公告称，总收入同比增加主要受集团的货运总量和总票数由截至2024年6月30日止六个月的640万吨和 7240万票分别增加至截至2025年6月30日止六个月的680万吨和9060万票影响，而同期服务总单价保持稳 定。 集团主要为集团的货运合作商(即集团的直接客户)提供运输服务、增值服务及派送服务。截至2025年6 月30日，集团与集团的货运合作商及代理商为全中国超过680万个终端客户(集团的最终客户)提供服 务，而截至2024年6月30日则为超过580万个终端客户。 ...

公告称，总收入同比增加主要受集团的货运总量和总票数由截至2024年6月30日止六个月的640万吨和 7240万票分别增加至截至2025年6月30日止六个月的680万吨和9060万票影响，而同期服务总单价保持稳 定。 集团主要为集团的货运合作商(即集团的直接客户)提供运输服务、增值服务及派送服务。截至2025年6 月30日，集团与集团的货运合作商及代理商为全中国超过680万个终端客户(集团的最终客户)提供服 务，而截至2024年6月30日则为超过580万个终端客户。 智通财经APP讯，安能物流(09956)发布截至2025年6月30日止六个月的中期业绩，收入56.25亿元(人民 币，下同)，同比增加6.36%;毛利8.8亿元，同比增加0.21%;股东应占溢利4.2亿元，同比增加7.54%;每股 基本盈利0.37元;拟派发中期股息每股0.1572港元。 ...

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份內容而產生或因依賴 該等內容而引致的任何損失承擔任何責任。 ANE (Cayman) Inc. 截至2025年6月30日止六個月的中期業績公告 安能物流集團有限公司（「本公司」或「安能」）董事（「董事」）會（「董事會」）欣然公 佈本公司及其附屬公司（統稱「本集團」或「我們」）截至2025年6月30日止六個月 （「報告期間」）未經審計綜合業績，連同2024年同期的比較數字。除非本公告另有 界定，否則本公告所用詞彙應具有本公司日期為2021年10月30日的招股章程（「招 股章程」）所界定的涵義。 財務亮點 截至2025年6月30日止六個月，本集團錄得以下未經審計業績： | 截至6月30日止六個月 | | --- | 安能物流集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9956） | | 2025年 | 2024年 | | | --- | --- | --- | --- | | | 人民幣千元 | 人民幣千元 | | | | （未經審計） | （未經審計 ...

Group 1: Express Delivery Industry - The State Post Bureau reported that in July 2025, the express delivery business volume reached 16.4 billion pieces, a year-on-year increase of 15.1%, while the business revenue was 120.64 billion yuan, up 8.9% year-on-year [1][2] - The "old-for-new" policy continues to drive growth in the express delivery market, with companies actively expanding diverse demand scenarios to meet consumer needs for summer appliance deliveries [1][2] - From January to July, the express delivery business volume distribution among eastern, central, and western regions was 71.5%, 19.4%, and 9.1% respectively, indicating a trend of industry expansion towards central and western regions [2] Group 2: Industry Competition and Regulation - The Beijing and Baoji express delivery associations issued a "resist involution" initiative, promoting fair competition and urging companies to enhance core competitiveness and fulfill corporate responsibilities [2][3] - The Jiangsu Provincial Postal Administration announced plans to initiate an "anti-involution" campaign due to severe impacts from price wars, calling for compliance with legal requirements and the elimination of irrational competition [3] Group 3: Company Performance - Milky Way's 2025 semi-annual report showed a 13.12% year-on-year increase in net profit, with significant growth in distribution business driven by new platform expansions [4] - Debon Holdings reported a 11.43% year-on-year increase in revenue for the first half of 2025, but a significant drop in net profit by 84.34%, indicating short-term pressure on performance [5] Group 4: Aviation Industry - The China Air Transport Association released a self-discipline convention aimed at guiding high-quality development in the aviation industry, focusing on safety, service quality, and operational efficiency [6] - Direct flights between China and India are expected to resume after five years, potentially announced around the time of Indian Prime Minister Modi's visit to China [6] Group 5: Shipping and Port Industry - The potential ceasefire in the Russia-Ukraine conflict and the lifting of oil sanctions could significantly impact the crude oil tanker market, with two possible scenarios affecting supply and demand dynamics [7][8] - Brazil's iron ore exports have seen a notable increase, with July shipments reaching nearly 38 million tons, supporting the bulk shipping market [9] Group 6: Logistics and Transportation - Zhongyuan Expressway reported a 5.77% year-on-year increase in toll revenue for July 2025, with significant contributions from specific highway segments [13] - National logistics operations remained orderly from August 4 to August 10, with increases in both railway and highway freight transport [13]

Group 1: Industry Overview - The express delivery industry in China saw a business volume of 16.4 billion pieces in July 2025, representing a year-on-year growth of 15.1%, with revenue reaching 120.64 billion yuan, up 8.9% year-on-year [4][25]. - The "anti-involution" trend in the express delivery sector is gaining traction, with associations in Beijing and Baoji advocating for fair competition and the cessation of irrational price wars [5]. - The logistics sector is experiencing a shift towards the central and western regions of China, with the proportion of express delivery business volume in these areas increasing [4]. Group 2: Company Performance - Milky Way reported a 17.4% increase in revenue to 7.035 billion yuan in H1 2025, with a net profit of 352 million yuan, up 13.12% year-on-year [6]. - Debon Express achieved a revenue of 20.555 billion yuan in H1 2025, an increase of 11.43%, but faced a significant drop in net profit by 84.34% [7][8]. - The new management at Debon Express is expected to focus on improving service quality and operational efficiency, which may enhance revenue quality [8]. Group 3: Aviation Sector - The aviation industry is expected to benefit from macroeconomic recovery, with long-term supply-demand trends indicating potential growth [15]. - The release of the "Self-Regulation Convention for Air Passenger Transport" aims to promote high-quality development and fair competition in the aviation market [9]. - The restoration of direct flights between China and India is anticipated, which could enhance passenger transport volumes [9]. Group 4: Shipping and Port Operations - The oil tanker market may be influenced by the potential end of the Russia-Ukraine conflict and the lifting of sanctions on Russian oil, which could lead to a reduction in old tanker capacity [10]. - Brazil's iron ore exports have significantly increased, supporting the bulk shipping market, with July shipments reaching nearly 38 million tons [11]. - China's port cargo throughput increased by 10.87% week-on-week to 26.894 million tons, while container throughput rose by 19.58% to 679,000 TEU [78]. Group 5: Road and Rail Transport - Zhongyuan Expressway reported a 5.77% increase in toll revenue in July 2025, with total revenue reaching 411 million yuan [14]. - National logistics operations remained stable, with rail freight increasing by 1.29% and highway freight traffic up by 1.34% during early August [14].

Group 1: Express Delivery Industry - Guangdong Province has implemented a price increase for express delivery, raising the base price by 0.4 yuan per ticket, with the average price exceeding 1.4 yuan [2][3] - Major express companies, particularly the "Tongda system," began raising prices on August 5, with increases of 0.4 to 0.5 yuan for special items weighing 0.1 kg, and an additional 0.1 yuan per 0.1 kg increase [2][3] - In the first half of 2025, Guangdong Province's express delivery volume reached 23.43 billion pieces, accounting for 24.5% of the national total, indicating a significant market share [2] Group 2: Autonomous Delivery Vehicles - The deployment of autonomous delivery vehicles is progressing, with Zhongtong and Yuantong launching operations in Tibet and Hainan, respectively [3] - Zhongtong's autonomous vehicle in Tibet has successfully completed testing and is now operating on a regular delivery route, overcoming challenges posed by the region's climate [3] - Yuantong has received 24 autonomous vehicles for operations in Hainan, marking a new phase in the company's technological upgrade [3] Group 3: Aviation Industry - South Korea will implement a temporary visa exemption for Chinese group tourists from September 29 to June 30, 2024, which is expected to boost travel between China and South Korea [4] - China Civil Aviation Information Network anticipates a net profit of 1.45 billion yuan for the first half of 2025, reflecting a 5% year-on-year increase, driven by stable growth in aviation information technology services [5] Group 4: Shipping and Port Operations - Cheniere Energy plans to double its LNG production capacity, potentially benefiting the demand for new LNG vessels, with an expected annual output exceeding 100 million tons by 2030 [6] - The Shanghai Containerized Freight Index (SCFI) has decreased by 3.9% week-on-week, indicating a decline in export container freight rates [6] - The Baltic Dirty Tanker Index (BDTI) has increased by 8.49% week-on-week, reflecting a rise in crude oil tanker rates [7] Group 5: Road and Rail Transport - Zhongyuan Expressway reported a 7.68% year-on-year increase in net profit for the first half of 2025, with total revenue of approximately 3.105 billion yuan [10] - The Daqin Railway achieved a 5.40% year-on-year increase in cargo transport volume in July 2025, with an average daily transport volume of 1.0255 million tons [11] - National logistics operations remained stable from July 28 to August 3, with a slight decrease in freight transport volumes [11] Group 6: Industry Outlook - The express delivery sector is expected to benefit from a rebound in e-commerce demand and a reduction in price competition, leading to improved profitability for major players like SF Express and JD Logistics [12][13] - The shipping industry is anticipated to see growth driven by OPEC+ production increases and a favorable macroeconomic environment, with recommendations to monitor companies like China Merchants Energy and COSCO Shipping [14][15] - The port sector is viewed as stable with strong cash flow, suggesting a focus on growth potential in key hub ports [15]

Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [4] Core Views - The report highlights the ongoing price increase in express delivery services in Guangdong, with a base price adjustment of 0.4 CNY per ticket, indicating a significant shift in the industry towards reducing competition and improving profitability [4] - The introduction of autonomous delivery vehicles by companies like Zhongtong and Yuantong is progressing, showcasing innovation in logistics [5] - The report notes that South Korea will implement a visa waiver for Chinese group tourists starting September 29, which is expected to boost passenger flow between China and South Korea [6] - The LNG export capacity in the U.S. is set to double, which may positively impact the demand for new LNG vessels [7][8] Summary by Sections Express Logistics - Guangdong's express delivery price increase is a significant development, with the average price rising to over 1.4 CNY per ticket, and the province accounting for 24.5% of the national express delivery volume [4] - The report emphasizes the resilience of e-commerce logistics demand and the potential for price increases to enhance profitability for major players like SF Express and JD Logistics [14] Aviation and Airports - The aviation sector is expected to benefit from macroeconomic recovery, with a long-term supply-demand imbalance favoring growth [14] - China Civil Aviation Information Network anticipates a net profit of 1.45 billion CNY for the first half of 2025, reflecting a 5% year-on-year increase [6] Shipping and Ports - The report indicates a decrease in shipping rates, with the SCFI index dropping by 3.9% to 1490 points, while oil tanker rates have increased significantly [8][9] - China's port cargo throughput decreased by 4.99% week-on-week, indicating a potential slowdown in trade activity [10][81] Road and Rail - The report notes that Zhongyuan Expressway's net profit increased by 7.68% year-on-year, despite pressure on toll revenues [11] - The Daqin Railway reported a 5.40% year-on-year increase in cargo transport volume for July 2025 [12] Overall Market Performance - From August 4 to August 8, the A-share transportation index rose by 1.96%, with express delivery and logistics sectors showing strong performance [19]

Core Viewpoint - Aneng Logistics (09956.HK) announced that it will hold a board meeting on August 19, 2025, to consider and approve the interim results for the six months ending June 30, 2025, and to discuss the declaration and distribution of dividends, among other matters [1] Summary by Relevant Categories - **Company Announcement** - The board meeting is scheduled for August 19, 2025 [1] - The meeting will focus on the approval of the interim results for the six months ending June 30, 2025 [1] - The agenda includes the declaration and distribution of dividends, if any [1] - Other matters will also be addressed during the meeting [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，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 董事會召開日期 ANE (Cayman) Inc. 安能物流集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9956） 安能物流集團有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於 2025年8月19日（星期二）舉行董事會會議，藉以（其中包括）考慮及批准本公司及 其附屬公司2025年6月30日止六個月的中期業績及其發佈，及宣派及派發股息（如 有），以及處理其他事項。 承董事會命 安能物流集團有限公司 聯席主席 陳偉豪先生及秦興華先生 香港，2025年8月7日 於本公告日期，董事會由執行董事秦興華先生及金雲先生；非執行董事陳偉豪先 生、張迎昊先生及魏斌先生；以及獨立非執行董事李維先生、葛曉初先生、沙莎 女士及洪長福先生組成。 ...