Group 1 - The core point of the article is that China's e-commerce logistics index for April reached 111.1 points, reflecting a month-on-month increase of 1.1 points [1] - All major sub-indices showed an upward trend compared to the previous month [1]

近日，全球领先的时尚与生活方式零售商SHEIN上线一项利好功能 ——面向半托管模式卖家推出非包 邮订单的运费补贴，以进一步降低商品出海的物流成本，提升履约效率与服务体验。 在该补贴规则下，如买家下单的订单购买金额满足包邮条件，买家无需承担运费;若买家下单时的购买 金额未达到包邮条件，平台将向卖家提供运费补贴。 注：刚上线时，该功能是默认关闭的，大家根据需求手动开启。选择【启用】后，按照下方配置内容向 买家收取运费 。开启后 3 - 5 分钟，免邮条件就会在前台显示。不过目前暂不支持咱们自行设置免邮条 件或收费金额哦。 2.查看运费补贴金额： | 货币单位:当地币种 | US | UK | DE | FR | ITT | ES | | --- | --- | --- | --- | --- | --- | --- | | 店铺免邮门槛 | $29 | દર્ડ | 30€ | 29€ | 29€ | 29€ | | 不达门槛运费补贴 | $2.99 | £2 | 2.99€ | 2.99€ | 2.99€ | 2.99€ | 在当前的跨境电商环境下，物流成本一直是商家们面临的一大挑战。SHEIN 此次推出的物流 ...

星标 ★ IPO日报 精彩文章第一时间推送 近日，深圳市顺友跨境物流股份有限公司（简称 "顺友物流"）正式向香港联合交易所递交招股说明书，计划通过首次公开募股（IPO）募集资金，以加速 跨境物流业务的全球化布局。 作为中国本土成长起来的一站式跨境电商物流解决方案提供商，顺友物流深度受益于行业增长红利。过去二十年，中国凭借高性价比的优质产品在全球市 场持续渗透，带动跨境电商产业蓬勃发展，公司依托先发优势构筑了以直发物流为核心的业务体系。 不过当前公司高度集中的业务结构正面临多重挑战： 一方面，美国关税政策持续收紧直接抑制核心市场需求，单一业务模式下抗风险能力不足的问题进 一步凸显；另一方面，新布局的海外仓、头程物流等业务尚处投入期，市场拓展进度及盈利预期存在不确定性。 此次IPO能否助力公司突破业务结构瓶颈，构建更具韧性的全球化物流网络，正成为市场关注的核心议题。 截至招股书披露，顺友物流业务覆盖中国内地主要外贸城市（深圳、广州、东莞、义乌、宁波、苏州）、中国香港及美国，服务网络遍及全球220个国家 和地区，日均包裹处理量13万件。 财务数据显示，2022年-2024年（下称"报告期"），公司的营业收入分别为1 ...

Core Viewpoint - Shunyou Logistics has submitted its IPO application to the Hong Kong Stock Exchange to accelerate its global cross-border logistics business expansion, benefiting from the growth of the cross-border e-commerce industry in China [1][3]. Business Overview - Founded in 2008 by Yao Yun and Wang Haolin, Shunyou Logistics has established a comprehensive cross-border logistics service network, with significant growth in customer base from over 2,400 in 2022 to over 4,000 in 2024 [3][10]. - The company operates primarily in direct shipping logistics, which accounted for 96.1% of its revenue in 2024, facing competition from major international players like DHL and FedEx [9][10]. Financial Performance - Revenue for the years 2022 to 2024 is projected to be RMB 1.184 billion, RMB 1.506 billion, and RMB 1.522 billion, respectively, indicating a phase of growth, but profitability has fluctuated significantly [5][6]. - Gross profit increased from RMB 73.16 million in 2022 to RMB 157.8 million in 2023, then fell to RMB 102.23 million in 2024, with a gross margin of 6.2%, 10.5%, and 6.7% respectively [5][6]. - Net profit peaked at RMB 73.47 million in 2023 but is expected to decline by 40% to RMB 43.88 million in 2024, indicating a situation of "increased revenue without increased profit" [5][6]. Market Challenges - The company faces challenges due to the concentration of its business model, particularly with tightening U.S. tariff policies that suppress core market demand and increase operational costs [1][13]. - The U.S. has recently reinstated tariffs on low-value imports from China, which could further impact customer demand and operational costs for Shunyou Logistics [12][13]. Regional Revenue Structure - The revenue distribution shows a significant increase in North America, rising from 23.4% in 2022 to 37.1% in 2024, while other regions like South America and Asia have seen declines [11][12].

Core Insights - Eastern Airlines Logistics Co., Ltd. reported a revenue of 24.056 billion yuan for 2024, representing a year-on-year growth of 16.66% [2] - The net profit attributable to shareholders reached 2.688 billion yuan, an increase of 8.01% compared to the previous year [2] - The comprehensive logistics solutions business, centered on cross-border e-commerce, saw a significant revenue increase of 36.72%, becoming a key driver of the company's high-quality development [2] Business Performance - The company focused on stabilizing its core business amidst complex international trade conditions and new trends in the logistics industry [2] - The operational efficiency of all-cargo aircraft improved, with daily utilization rising to 13.01 hours and a high load factor of 82.17%, leading the industry [2] - Cross-border e-commerce solutions generated over 5.9 billion yuan in revenue, marking a year-on-year growth of 26.01% [3] Emerging Business Segments - The air cold chain business imported approximately 32,000 tons of fresh products, with the "Flying Fresh" brand effect gradually becoming evident [3] - The company executed 1,865 charter flights for fresh products, a nearly 74% increase year-on-year [3] - Management and sales expenses as a percentage of revenue decreased by 0.2 percentage points, indicating effective cost control [3] Future Outlook - The company plans to continue focusing on its core air logistics business while strengthening its three pillars: cross-border e-commerce logistics, air cold chain, and comprehensive logistics solutions [3] - There is an emphasis on enhancing global service capabilities to advance towards becoming a world-class comprehensive logistics service provider [3]

Core Viewpoint - Shenzhen Shunyou Cross-Border Logistics Co., Ltd. has submitted its IPO application to list on the Hong Kong main board, with CITIC Securities International as the sole sponsor [1][2]. Financial Performance - The company achieved revenues of RMB 1.184 billion, RMB 1.506 billion, and RMB 1.522 billion for the years 2022, 2023, and 2024, respectively [1]. - The gross profit margins for the same years were 6.2%, 10.5%, and 6.7% [1]. - Net profits for the years were RMB 31.875 million, RMB 73.465 million, and RMB 43.875 million [1]. Business Operations - Established in 2008, the company is a seasoned provider of cross-border e-commerce logistics services, operating in various cities in mainland China and internationally [1]. - The company delivers packages to approximately 220 countries and regions, with an average daily shipment volume of about 130,000 packages [1]. Strategic Initiatives - The company has implemented preemptive measures to address changes in U.S. tariffs, including the strategic launch of new logistics and overseas warehouse services, projected to generate revenues of RMB 28.7 million and RMB 10.1 million in 2024, respectively [2]. - The U.S. market is not a primary strategic focus for the company, which plans to reduce direct logistics services to the U.S. starting in the second half of 2024 due to uncertainties in U.S. policies affecting Chinese e-commerce companies [2]. - The company aims to expand its geographical coverage in cross-border logistics and penetrate emerging markets while closely monitoring U.S. tariff regulations and assessing profitability in each region [2].

据港交所4月15日披露，深圳市顺友跨境物流股份有限公司(以下简称为：顺友物流)向港交所主板递交 上市申请，中信建投（601066）国际为其独家保荐人。按2024年的收入计，该公司在中国B2C出口电商 直发物流服务市场中排名第九。 据招股书，该公司是资深的跨境电商物流服务提供商，通过该公司在中国内地的根基及跨境物流网络赋 能跨境电商平台及跨境电商卖家。该公司成立于2008年，致力于提供一站式跨境物流服务，拥有庞大的 物流网络、阶梯式定价、多种配送时间选项及广泛的可运输物品覆盖面。该公司扎根于珠江三角洲地区 (中国内地最具活力的跨境电商地区之一)，并已于中国内地广东省深圳市、广州市及东莞市，浙江省义 乌市及宁波市，及江苏省苏州市，以及中国香港及美国开展业务。 根据弗若斯特沙利文的资料，约5,000名服务提供商参与中国B2C出口电商直发物流服务市场的竞争， 而按2024年的收入计，前10名参与者仅占总市场份额的21.9%。根据弗若斯特沙利文的资料，2024年为 特货设置的直发物流服务的市场规模佔中国B2C出口电商物流市场的约27.0%。根据同一资料来源，按 2024年为特货设置的直发物流服务的交易额计，该公司在中国 ...