物流：危化品物流持续承压，发力智慧物流推荐海晨股份。本周中国化工产品价格指数(CCPI)为 4210 点，同比-11.3%， 环比+2.9%。上周液体化学品内贸海运价格为 163 元/吨，同比持平，环比-13.9%。本周对二甲苯（PX）开工率为 86.3%， 环比-0.1pct，同比+3.2pct；上周甲醇开工率为 83.8%，环比+1.7pct，同比+7.1pct；上周乙二醇开工率为 62.3%，环 比+5.7pct，同比+2.5pct。发力智慧物流，正式成立机器人行业应用研究院，并宣布达成多项战略和技术合作，主业 受益消费电子服务器需求改善，推荐海晨股份。 航空机场：5 月民航国际地区线旅客量再超 2019 年同期。本周（6/14-6/20）全国日均执飞航班量 14,867 班，同比增 长 1.32%；其中国内线日均 12,684 班，同比下降 0.86%%；国际地区线日均 2,183 班，同比增长 16.17%，为 2019 年 83.33%。2025 年 5 月，民航国内航线客运量为 5645 万人次，同比+7%；国际地区航线客运量为 722 万人次，同比增长 23%，约为 2019 年 102%。各 ...

央视网消息：在贵州省黔东南州麻江县，8万多亩蓝莓现在陆续进入成熟采收期。 在麻江县龙山镇的蓝莓种植基地，工人们正有序进行蓝莓采摘，来自贵阳、凯里、都匀等地的游客也慕名而来，体验田园采摘乐趣。 除了观光采摘，这里的蓝莓鲜果在经过人工初选和色选机精筛后，通过冷链物流可实现12小时内"从枝头到餐桌"的快速配送。 包装好的杨梅通过冷链车到达高铁站后，车站启用专用安检通道，最大限度压缩货物停留时间。待列车停靠后，工作人员迅速完成杨梅装 车作业。目前，G6144次列车的7号车厢已被改造为杨梅专厢，每天都将怀化的新鲜杨梅快速送达广州，确保新鲜杨梅才下"枝头"就上"舌尖"。 近期，广州南站和广州白云站始发的G696次和G568次列车，针对荔枝开展快销助农运输，每日预留4节高铁车厢。朝发午至，半天内便能 送达周边主要城市。据了解，较传统陆运，这种高铁运输的效率提升3倍以上，鲜果损耗率控制在5%以内。 广东东莞：首次将新鲜荔枝以C2C模式发往外国 今年，麻江县预计蓝莓产量近4万吨，其中70%用于精深加工。在麻江县龙山镇的生态蓝莓产业园，多家加工企业正开足马力生产，蓝莓 汁、蓝莓原液等系列产品通过线上线下渠道销往全国。目前，全县共 ...

证券研究报告·行业跟踪周报·机械设备 机械设备行业跟踪周报 推荐基本面困境反转&固态电池催化的锂电 设备板块 增持（维持） [Table_Tag] [Table_Summary] 1.推荐组合：北方华创、三一重工、中微公司、恒立液压、中集集团、拓荆科技、海天国际、柏 楚电子、晶盛机电、杰瑞股份、浙江鼎力、杭叉集团、迈为股份、先导智能、长川科技、华测检 测、安徽合力、精测电子、纽威股份、芯源微、绿的谐波、海天精工、杭可科技、伊之密、新莱 应材、高测股份、纽威数控、华中数控。 2.投资要点： 【锂电设备】固态电池 0-1 产业化加速，设备商优先受益 政策端来看 2025 年 4 月工信部印发建立全固态电池标准体系，此前投入 60 亿全固态专项研发资 金；应用端来看终端路试&电池龙头中试逐步落地，宝马、奇瑞等车企接连启动路试，商业化进 展超预期，同时宁德时代、清陶等电池厂商全固态中试线搭建。工信部项目预计 2025 年底前进行 中期审查，目前固态电池难点主要在于制造环节，预计 2025-2026 年进入中试线落地关键期，设 备迎来持续迭代优化阶段。与传统液态相比，全固态设备变化集中在前道&中道，全固态特别是 硫化物 ...

携手深耕，共建高效运输生态 交车合影留念 东风商用车&BSWL交车现场 在成渝地区双城经济圈加快建设的背景下，东风商用车持续深耕区域市场。6月20日，东风 商用车与BSWL在成都举行交车仪式，首批40台搭载龙擎3.0一体化智慧动力链的燃气危化 牵引车成功交付。这是龙擎3.0一体化智慧动力链产品首次进入BSWL运营体系，标志着双 方合作迈入新阶段，也意味着东风商用车在成渝地区危化运输领域实现重要突破，更体现了 东风商用车紧扣区域重点客户、重点运输场景精准发力的务实行动。BSWL相关领导，东风 商用车有限公司总经理刘利成，东风商用车技术中心党委书记熊博，东风商用车办公室主任 杨波，东风汽车贸易有限公司总经理刘力，东风商用车有限公司营销事业部副总经理薛林艺 共同出席仪式现场。 作为国内快运与危化品运输行业的头部企业之一，BSWL业务覆盖快运、危化、重货、新能 源等多个板块，运营车辆超1500台，具备广泛的运输网络与成熟的业务体系。面对不断变 化的行业趋势，BSWL始终重视运输装备的升级与服务效率的提升，近两年持续加大车辆采 购与品牌合作投入。 2023至2024年间，BSWL累计采购东风商用车产品超百台，双方合作基 ...

"由于配送需求的增长，我后续又买了2辆，当然还是选择的江淮星锐。因为根据我这几年的使 用体验，不论是舒适性、操控体验，还是它的空间和节油表现，我都比较看好它。" 从第一辆江淮星锐开始，这位来自河南信阳的车主叶根伟便将配送业务的触角，深深扎入武汉 的大街小巷，在为人们日常生活提供便利的同时，也将自身的事业越做越红火。从1辆到3辆 的背后，叶根伟为何钟情于江淮星锐，下面跟随第一商用车网一起走近他的创富故事。 2元店到义乌小商品卖场 找寻财富密码 "罗马不是一天建成的"，正如人们在事业道路上的摸索，往往需要一个漫长的过程。对于来自 河南信阳的叶根伟而言，这条路则走得有些不同寻常。 "作为劳动力输出大省，河南每年外出务工的人员不计其数，信阳也同样如此。但是，随着在 外打工人口数量的增长，他们渐渐聚拢在一起，并且在日常生活方面，有着相类似的需 求。"据叶根伟介绍，这些外出务工的人因为赚得都是辛苦钱，所以，他们的日常需求无非是 从锅碗瓢盆到衣帽鞋架等，尽管日常生活中也有各种各样的需求，但是单品价格都不太高。于 是，便诞生了诸多2元店、10元店等形式的百货商店，叶根伟也是从这时进入了商贸行业。 "因为都是些生活用品，所以， ...

上 市 公 司 交通运输 2025 年 06 月 21 日 深圳国际 (00152) —— 国企优质资源禀赋，物流园转型升级带来业绩弹性 报告原因：首次覆盖 买入（首次评级） | 市场数据： | 2025 年 06 月 20 日 | | --- | --- | | 收盘价（港币） | 7.60 | | 恒生中国企业指数 | 8527.07 | | 52 周最高/最低（港币） | 8.15/5.68 | | H 股市值（亿港币） | 185.72 | | 流通 H 股（百万股） | 2,443.74 | | 汇率（人民币/港币） | 1.0949 | 一年内股价与基准指数对比走势： -13% 87% 06/20 07/20 08/20 09/20 10/20 11/20 12/20 01/20 02/20 03/20 04/20 05/20 06/20 HSCEI 深圳国际 资料来源：Bloomberg 相关研究 证券分析师 闫海 A0230519010004 yanhai@swsresearch.com 研究支持 郑逸欢 A0230124010001 zhengyh@swsresearch.com 联系人 郑 ...

Group 1 - The low-altitude logistics industry in China has seen a low level of investment and financing activity, with a significant increase in investment amount in 2021 to 680 million yuan, followed by a surge to 2.27 billion yuan in 2024 [1][8] - Investment rounds in the low-altitude logistics sector are primarily early-stage, focusing on A-round and angel financing, indicating that the industry is still in its developmental phase with many innovative companies seeking funding for technology development and market expansion [2][8] - The majority of financing events in the low-altitude logistics industry are concentrated in Zhejiang, Beijing, and Shanghai, with Zhejiang leading at 7 events, followed by Beijing with 3 and Shanghai with 2 [6][8] Group 2 - The primary focus of investment in the low-altitude logistics industry is on drone delivery, with several significant financing events recorded from 2016 to 2025 [8][9] - Investors in the low-altitude logistics sector are predominantly capital organizations, accounting for 92% of the investment, with notable investors including Sequoia China and Matrix Partners [5][8] - There are numerous industry investment funds related to low-altitude logistics, although no private equity funds specifically for low-altitude logistics have been identified [12][8] Group 3 - Vertical acquisitions to expand business areas have become mainstream in the low-altitude logistics industry, with several notable mergers and acquisitions recorded from 2016 to 2025 [15][8] - The overall investment and merger activity in the low-altitude logistics industry remains low, with a concentration of investments from capital institutions primarily in Zhejiang, Beijing, and Shanghai [8][16]

Group 1: Logistics Infrastructure Development - The YTO Express Northern Headquarters Phase II project in Langfang, Hebei, has increased its daily processing capacity from 6 million to 12 million packages since its launch at the end of last year [1] - The Shijiazhuang International Land Port has established a convenient international land logistics channel, allowing foreign trade goods to be declared on-site and directly exported via the China-Europe Railway Express [2][3] - The Hebei province has been recognized for its logistics infrastructure, with several cities selected as national backbone cold chain logistics bases and postal express hubs [5] Group 2: Economic Impact and Growth - The logistics sector in Hebei is projected to contribute significantly to the province's economic growth, with a reported increase in the added value of the commercial logistics industry to 733.91 billion yuan, a year-on-year growth of 4.8% [8] - The express delivery business volume in Hebei reached 9.54 billion pieces, marking a year-on-year increase of 31.8% [8] - The establishment of the "Ring Capital One-Hour Fresh Agricultural Product Circulation Circle" has allowed for efficient distribution of agricultural products, with daily transport volumes accounting for over half of the market share in Beijing [4] Group 3: Industry Collaboration and Innovation - The Hebei province is developing a comprehensive supply chain service platform called "Jicheng Tong" to support the growth of local industrial clusters, aiming to reduce costs and improve efficiency for enterprises [8] - The Hebei Runwo Smart Logistics Industrial Park has improved raw material delivery times from 7 days to just over 3 days, enhancing inventory turnover rates by 50% [7] - The integration of logistics services with local industries is being emphasized, as seen in the establishment of a full-chain system in the Gu'an International Trade City, which has attracted over 70 logistics companies [7]

Group 1 - The 2025 Langfang International Economic and Trade Fair showcased an efficient global supply chain logistics system, exemplified by fresh Norwegian salmon arriving within 24 hours of being caught [1] - The fair took place from June 16 to June 20, coinciding with China's major e-commerce platforms' "618" promotional event, which significantly increased online shopping volumes and put the logistics system under peak operation [1] - The China Logistics and Purchasing Federation reported that the total social logistics volume in 2024 reached 360.6 trillion yuan, with a year-on-year growth of 5.8% [1] Group 2 - The "Action Plan for Effectively Reducing Social Logistics Costs" issued by the Central Committee of the Communist Party of China and the State Council aims to lower the ratio of social logistics costs to GDP to around 13.5% by 2027 [2] - The plan emphasizes the importance of reducing social logistics costs to improve economic efficiency, highlighting the potential for significant reductions compared to individual enterprise cost control [2] - The Ministry of Commerce and eight other departments launched a plan to accelerate the development of intelligent supply chains in key sectors such as agriculture, manufacturing, wholesale, and retail [2] Group 3 - The "Key Cases for Reducing Social Logistics Costs" were published, featuring 20 selected examples from over 200 global submissions, including Cainiao Group's "Global 5-Day Delivery" project [3] - The logistics and supply chain service market in China is evolving into a collaborative ecosystem characterized by "logistics channels + logistics hubs + industrial clusters," providing a comparative advantage over many developing countries [3] - The integration of intelligent technology in logistics is expected to accelerate the transition to intelligent supply chain services, enhancing efficiency and reducing costs across the logistics sector [3]

以下文章来源于DT商业观察 ，作者DT商业观察 DT商业观察 . 第一财经旗下年轻态财经商业媒体。关注消费、互联网、电商、文娱、科技、城市等领域，融合媒体和 研究机构的禀赋，厘清趋势和商业间的关系，用年轻化的视角认识商业世界。 今年 618，你收到了多少个快递？ 在竞争激烈的快递行业，物流服务已经如同水电网络一般融入日常，成为生活中看似平常，一旦掉链却 会造成极大不便的一部分。 而 618大促，成为检验物流能力的一个绝佳窗口。 适逢 618大促，第一财经开展了一次有关物流体验的问卷调研，讨论在快递服务十分普及的当下，消费 者对快递的核心期待是什么？谁又能抗住压力，满足这些期待？ 本次调研共收集2000份有效样本，调研结果显示，今年618期间，71.6%的消费者参与了618，其中京 东快递的覆盖率最高。 "快、上门、不丢件"是消费者对快递的TOP3诉求，京东快递综合满意度最高 快递行业卷了这么多年，行业已经高度成熟，但调研发现，消费者对快递的核心诉求，并没有太大的改 变。 送货快、送上门、不丢件，这些看似基础的物流服务，依然是当下消费者最核心、也最关乎体验的诉 求。 调研数据显示，在今年 618期间的物流服务中 ...