Core Viewpoint - Shentong Express has experienced a significant stock price increase of 69.61% year-to-date, with a recent decline of 2.01% on September 12, 2023, indicating volatility in the market [1]. Company Overview - Shentong Express Co., Ltd. is located in Qingpu District, Shanghai, and was established on November 1, 2001. The company was listed on September 8, 2010, and primarily engages in domestic express delivery, general freight, cargo transportation agency, warehousing services, and unloading services [1]. - The main revenue source for the company is express delivery services, accounting for 98.67% of total revenue, while other business activities contribute 1.33% [1]. Financial Performance - For the first half of 2025, Shentong Express reported a revenue of 25.025 billion yuan, representing a year-on-year growth of 16.02%. The net profit attributable to shareholders was 453 million yuan, reflecting a growth of 3.73% compared to the previous year [2]. - Since its A-share listing, the company has distributed a total of 1.614 billion yuan in dividends, with 131 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders for Shentong Express was 42,500, an increase of 11.27% from the previous period. The average number of circulating shares per shareholder decreased by 10.13% to 35,095 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 43.2118 million shares, a decrease of 19.7221 million shares from the previous period [3].

▲9月6日，国网北京石景山供电公司服贸会保障人员对重要用户用电设备开展巡视检查。江江/摄 ▲9月10日，国网北京电力检修分公司变电运维人员在服贸会某110千伏重点保障变电站开展红外测温和巡检工作。李金刚/摄 为提升服贸会供电可靠性，国网北京石景山供电公司在首钢园服贸会展区实现双环网供电，并全面提升区域内配电网自动化水平， 成功投运全自愈功能。应用该功能，可在故障发生后立即启动故障分析，精准定位并隔离故障区域，极大缩短故障处置时间，提高应急 响应速度。 9月10日至14日，以"数智领航，服贸焕新"为主题的2025年中国国际服务贸易交易会（以下简称"服贸会"）在北京市石景山首钢园区 举办。 本届服贸会顺应服务贸易数字化、智能化、绿色化趋势，聚焦人工智能、医疗健康、智慧物流、商旅文体健融合发展等重点领域， 集中展示多个国家和地区在服务贸易领域的创新发展成果和先进解决方案。来自全球70个国家和国际组织设展办会，2000多家企业线下 参展。 服贸会举办期间，国网北京市电力公司三级指挥体系24小时高效运转，5200余名电力保障人员全天候在岗。两级调控人员科学优化 电网运行方式，确保电网安全稳定运行。运维人员对重点站线开展 ...

2025服贸会供应链交通运输服 美团展示的无人机。中国经济 在2025服贸会供应链交通运输服务专题展上，"中国快递"的展位格外惹眼，来自多家物流企业的无人 机、无人车集体亮相。据介绍，智慧物流展区展示了包括无人配送车、智能分拣机器人、区块链溯源平 台在内的全流程智能化解决方案，通过无人机与AGV协同作业实现了"仓储-配送"全链路自动化。在呈 现智慧交通与物流领域的最新技术突破和应用实践的同时也探索着行业未来的无限可能。（中国经济网 记者 佟明彪） 务专题展上的"中国快递"展位。中国经济网记者 佟明彪/摄 浙江菜鸟供应链管理有限公司 展示的L4级公开道路无人车-菜鸟物流无人车。中国经济网记者 佟明彪/摄 中国邮政速递物流股份有限公 司展示的E6A纯电动垂直起降固定翼无人机。中国经济网记者 佟明彪/摄 网记者 佟明彪/摄 国经济网记者 佟明彪/摄 美团展示的小黄蜂机器人。中 顺丰集团展示的冷链无人车。 中国经济网记者 佟明彪/摄 司展示的M10六旋翼多用途网联无人机。中国经济网记者 佟明彪/摄 上海韵达货运有限公司展示的 中国邮政速递物流股份有限公 韵达无人车。中国经济网记者 佟明彪/摄 中通快递股份有限公司展示 ...

Core Insights - The "China Express" booth at the 2025 Service Trade Fair showcased a variety of logistics innovations, including drones and unmanned vehicles [1] - The smart logistics exhibition area presented comprehensive intelligent solutions, featuring unmanned delivery vehicles, smart sorting robots, and blockchain traceability platforms [1] - The event highlighted the automation of the entire supply chain from warehousing to delivery through the collaboration of drones and Automated Guided Vehicles (AGVs) [1] Industry Developments - The exhibition demonstrated the latest technological breakthroughs and practical applications in the fields of smart transportation and logistics [1] - The event explored the limitless possibilities for the future of the logistics industry [1]

9月12日，长荣股份盘中上涨2.10%，截至09:53，报8.26元/股，成交4083.95万元，换手率1.60%，总市 值35.00亿元。 截至9月10日，长荣股份股东户数3.06万，较上期减少3.80%；人均流通股10251股，较上期增加3.95%。 2025年1月-6月，长荣股份实现营业收入7.26亿元，同比减少3.80%；归母净利润502.47万元，同比增长 156.45%。 分红方面，长荣股份A股上市后累计派现8.27亿元。近三年，累计派现0.00元。 责任编辑：小浪快报 今年以来长荣股份已经3次登上龙虎榜，最近一次登上龙虎榜为7月15日，当日龙虎榜净买入-1.21亿 元；买入总计6312.38万元 ，占总成交额比4.78%；卖出总计1.84亿元 ，占总成交额比13.94%。 资料显示，天津长荣科技集团股份有限公司位于天津市北辰经济开发区双辰中路11号，成立日期1995年 9月13日，上市日期2011年3月29日，公司主营业务涉及印刷包装设备的研发、制造和销售。主营业务收 入构成为：装备制造及系统解决方案88.31%，融资租赁4.86%，经营租赁4.59%，其他(补充)1.28%，健 康业务0.96 ...

基地直发是该平台的最大特色，目前已有效支撑海尔智家供应链的数字化转型。据了解，Leader懒人三 筒洗衣机自4月上市以来，已预定10万余台。有了"智链宝"之后，产品从工厂下线后不再进中转库，直 接选择性价比最高的快递公司配送到用户家，全程时效由 10 天缩短为 1-3 天，全链路降低成本 15%。 智链宝还有一项特殊功能是AI寻源。企业和个人提交需求后，平台会根据仓储、运力及价格等要素情 况，精准匹配出最优解决方案，实现"成本、时效、体验"综合最优。实际运营数据显示，近千家客户采 用这一功能后，物流成本每单平均降本10元以上，发件决策过程节省80%时间。 据介绍，海外市场是"智链宝生态联盟"的重要进军方向。财报数据显示，海尔智家的海外收入2024年已 到达1438亿元，占总收入的52%。据预测，海尔智家海外市场未来依然保持高速增长，加入该联盟的快 递公司将率先分享国际快递市场蛋糕。 中小件物流的"高德打车"来了。9月10日，日日顺供应链与顺丰、京东等11家头部物流承运商签署协 议，成立"智链宝生态联盟"。企业与个人用户均可通过"智链宝"享受到便捷高效的国内外快递物流服 务，享受到更低的成本、更优的快递体验。 ...

Group 1 - The 20th China International Logistics Festival and the 22nd China International Transportation and Logistics Expo were successfully held in Jinan from September 10 to 12, showcasing innovations in smart supply chains, artificial intelligence, and green logistics [1] - RRS Supply Chain's "digital inventory" and "five fixed trains" models attracted industry attention, demonstrating the company's commitment to digital transformation through Haier's strategy [1] - The "digital inventory" model enables real-time matching of market demand and inventory location, improving asset efficiency by 50%, reducing warehousing costs by 12%, and compressing inventory turnover cycles by 40% [1] Group 2 - RRS Supply Chain's "five fixed trains" operational model enhances the reliability of cross-border transportation, having opened 26 routes that reduce overall logistics costs by 35% and improve timeliness by 25% [2] - The innovations represented by "digital inventory" and "five fixed trains" are becoming key drivers for the construction of international logistics corridors and the development of global trade [2] - RRS Supply Chain plans to align closely with Haier's overseas strategy to create a stable and collaborative global supply chain [2]

Core Viewpoint - The article discusses the growth and challenges faced by China's RF front-end companies in the context of U.S. sanctions and the competitive landscape dominated by foreign firms, highlighting both opportunities and risks in the industry. Group 1: Market Dynamics - Following U.S. sanctions in 2019, China's RF front-end companies experienced significant growth, with many emerging firms like Zhaoshengwei, Weijiechuangxin, and others contributing to the sector [1] - In 2023, domestic smartphone manufacturers successfully launched flagship models using fully domestic chips, allowing local RF front-end manufacturers to achieve mass production of a full range of RF front-end chips [1] - Despite initial growth, by 2025, many domestic RF front-end companies faced a growth bottleneck, with notable declines in revenue and profitability among key players [1][2] Group 2: Competitive Landscape - The top five global RF front-end companies are predominantly American, with Qualcomm, Broadcom, Skyworks, and Qorvo leading the market, while domestic companies collectively generate less than 20 billion yuan in sales [2] - The new U.S. tariff policies since April 2025 have prompted Chinese smartphone brands to seek domestic RF front-end solutions, creating a second wave of opportunities for local manufacturers [2] - The article anticipates that by 2026, domestic RF front-end companies could overcome current challenges and see revenue growth, particularly in the high-integration module segment [2] Group 3: Technological Challenges - Domestic RF front-end companies face significant hurdles in patent accumulation, particularly in filter and SOI switch technologies, where foreign competitors have a stronghold [3] - The need for customized high-integration modules for different smartphone brands requires substantial R&D investment, posing a challenge for domestic firms [4] - The article emphasizes the importance of innovation and patent accumulation for domestic companies to compete effectively against established foreign players [3][5] Group 4: Future Outlook - The increasing demand for advanced communication technologies, such as 6G and satellite communication, necessitates ongoing investment in RF front-end technology development [5] - The article suggests that while domestic RF front-end companies have made progress, they must remain vigilant and committed to long-term development to close the gap with leading global firms [6]

Group 1: Event Overview - The 2025 Service Trade Fair showcased various smart logistics applications, including autonomous delivery vehicles and humanoid robots [2] - The theme of the exhibition was "People Enjoy Their Travel, Goods Flow Smoothly," highlighting innovations in smart public transport and logistics services [2] - The exhibition aimed to demonstrate Beijing's solutions for traffic governance and global supply chain innovation practices [2] Group 2: Innovations in Delivery - Shentong Express presented a humanoid robot named "Shenxingzhe No. 1," capable of interaction, precise grabbing, and autonomous obstacle avoidance, designed for complex terrains [3] - Shentong processes approximately 80 million packages daily, utilizing around 120,000 AI-integrated cameras to enhance logistics efficiency and safety [3] - The robot is intended for the "last mile" delivery service, alleviating the workload of delivery personnel [3] Group 3: Autonomous Delivery Vehicles - Various logistics companies showcased their self-developed autonomous delivery vehicles, each with unique features such as increased capacity and extended battery life [5] - Meituan introduced a small autonomous delivery vehicle named "Meituan Xiaohuangfeng," designed for efficient and safe delivery in semi-enclosed environments [5] - The vehicle employs radar and panoramic cameras for precise obstacle recognition, enabling it to navigate complex environments effectively [5] Group 4: Smart Safety Equipment - Meituan also presented a lightweight smart helmet weighing only 550 grams, which automatically alerts in case of collisions and supports voice interaction for order taking [6] - The helmet has already served over 1 million delivery riders, emphasizing safety in the delivery industry [6] - A next-generation prototype helmet was introduced, featuring a camera and AR display for enhanced usability and safety during rides [6]

Core Insights - The 2025 Service Trade Fair showcased advancements in smart logistics and transportation services, emphasizing the integration of technology and industry development [1][2] Group 1: Smart Logistics Innovations - The exhibition featured a range of cutting-edge technologies including drones, unmanned vehicles, and automated sorting systems, highlighting the evolution of logistics services [2][3] - China Post presented a comprehensive solution for logistics that integrates smart logistics, e-commerce, and finance, showcasing automated sorting systems and unmanned warehousing [2][3] Group 2: Human-Robot Interaction - The MATRIX-1 humanoid robot was demonstrated by Shentong, capable of interaction and query functions, aimed at enhancing the efficiency of logistics operations [3] - Shentong's logistics operations handle approximately 80 million packages daily, supported by a network of around 120,000 cameras utilizing self-developed AI visual models for real-time feedback and safety [3] Group 3: Autonomous Delivery Solutions - Meituan introduced the "Meituan Little Yellow Bee," an intelligent delivery robot designed for both indoor and outdoor environments, capable of navigating complex scenarios [4][5] - The robot employs advanced multi-sensor fusion algorithms for precise positioning and obstacle detection, aiming for efficient and safe delivery [5] Group 4: Safety Innovations - Meituan also showcased a lightweight smart helmet, certified for motorcycle safety, featuring automatic collision alerts and voice interaction capabilities, already serving over 1 million riders [6] - The next-generation smart helmet prototype includes a camera and AR display, enhancing the user experience for delivery riders and promoting safety by reducing mobile phone usage while riding [6]