智通财经记者 邵冰燕 顺丰控股78岁监事拟转让给女婿数量不超700万股的A股股份。 根据顺丰控股于2010年2月披露的《首次公开发行股票上市公告书》，首次公开发行前本公司股东所持 股份的流通限制及自愿锁定股份的承诺如下：公司股东刘冀鲁承诺，自公司股票上市之日起三十六个月 内，不转让或者委托他人管理其在本次发行前已持有的公司股份，也不由公司回购其持有的股份。承诺 期限届满后，上述股份可以上市流通和转让。前述锁定期限届满后，在其任职期间每年转让的股份不得 超过其所持有本公司股份总数的百分之二十；离职以后三年内，不转让其所持有的本公司股份，且三年 后每年转让的股份不超过其所持有股份公司股份总数的百分之二十。 据2024年年报显示，刘冀鲁于1947年出生，今年78岁。毕业于安徽大学，专业为经济管理。1994年至 2016年历任马鞍山市鼎泰金属制品公司负责人、马鞍山市鼎泰科技有限责任公司董事长兼总经理、马鞍 山鼎泰稀土新材料股份有限公司董事长兼总经理。2016年12月至今任顺丰控股监事。 需要指出的是，当年顺丰登陆资本市场正是通过借壳鼎泰新材。年报显示，顺丰控股股份有限公司 （原"马鞍山鼎泰稀土新材料股份有限公司"）前 ...

Core Viewpoint - SF Holding achieved record high performance in the first half of 2025, driven by rapid growth in the food delivery and instant retail sectors, leading to significant revenue increases in its urban logistics segment [1][6]. Financial Performance - In the first half of 2025, SF Holding reported revenue of 146.858 billion yuan, a year-on-year increase of 9.26% [1]. - The net profit attributable to shareholders reached 5.738 billion yuan, up 19.37% year-on-year, with a net profit margin of 3.9%, an increase of 0.3 percentage points [1]. - Free cash flow amounted to 8.74 billion yuan, reflecting a 6.1% year-on-year increase [1]. - The company plans to distribute a mid-term cash dividend of 4.6 yuan per 10 shares, totaling approximately 2.32 billion yuan, which represents 40% of the net profit attributable to shareholders for the first half of 2025, an increase from the previous year [1]. Cost Structure - Labor costs accounted for 42.98% of revenue, rising 1.87 percentage points from the previous year, primarily due to increased wages for frontline staff and sales incentives [2]. - Transportation costs represented 32.59% of revenue, showing a slight decrease of 0.25 percentage points [2]. - Other operating costs accounted for 11.38% of revenue, down 0.82 percentage points [2]. Business Segments - The express logistics business generated revenue of 109.3 billion yuan, a 10.4% year-on-year increase, with the express delivery segment achieving 63.23 billion yuan in revenue, up 6.8% [2]. - The volume of express logistics reached 7.85 billion parcels, a 25.7% increase year-on-year, significantly outpacing the industry average growth rate of 19.3% [3][5]. - The urban logistics segment saw revenue of 10.236 billion yuan, a remarkable 48.8% increase year-on-year, with net profit attributable to shareholders reaching 137 million yuan, up 120.4% [5][6]. Market Trends - The company is focusing on industry-specific solutions rather than standard products, leading to over 20% growth in logistics revenue from sectors such as consumer goods, automotive, and high-tech communications [3]. - The average revenue per parcel decreased by 12.2% due to changes in product structure [4]. - The competitive landscape in the express delivery market is intensifying, with a shift towards cost reduction and efficiency improvements [7][8]. Future Outlook - SF Holding anticipates that the industry will stabilize due to trends such as "anti-price undercutting" and improved protections for delivery personnel [8]. - The company plans to implement structural cost reductions and enhance its logistics network to better respond to market fluctuations [8].