2月4日，港股市场重型机械股走强，其中，中国重汽、三一国际再创历史新高；中国重汽年内累涨超40%，三一国际年内累 涨超52%。 里昂近日发布研报称，在反内卷政策持续推进等背景下，中国工业板块正出现三大关键推动力，包括矿业设备需求上升、 人形机器人（核心股）供应链成熟，以及快递行业整合。就核心业务而言，该行预期设备更换周期将持续，加上电网及可 再生能源投资创新高，将推动挖掘机销售增长约10%。一线供应商的海外工厂已准备就绪，将于下半年启动人形机械人量 产；而受锂相关领域强劲及价格上升带动，自动化需求预计同比复苏约5%。 股票频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 ...

21世纪经济报道记者杨坪 深圳报道 在行业增速放缓、竞争局势日益白热化等诸多因素影响下，快递产 业正在加速整合。 继京东、德邦"联姻"后，1月15 日，顺丰控股（002352）、极兔速递联合发布公告，宣布达成一项战略 性的相互持股协议，将互为对方增发新股，投资交易金额达83亿港元。 根据协议，极兔速递将向顺丰控股增发8.22亿股B类股份，发行价为每股10.10港元；顺丰控股将向极兔 速递增发2.26亿股H股股份，发行价为每股36.74港元。其中，极兔速递的发行价较前一交易日折价 14%，而顺丰控股的发行价则较前一交易日收盘价溢价1.5%。 值得一提的是，这并非两家企业首次"牵手"。 2023年，极兔速递曾以11.83亿元收购了顺丰旗下的经济型快递业务丰网速运。彼时，由于加盟模式的 经济型快递市场环境发生变化，丰网速运处于初期发展阶段且持续亏损，顺丰控股选择剥离经济型快递 业务，消除同业竞争与亏损拖累。 而接盘的极兔速递则认为，丰网速运和公司的网络契合度较高。这一交易使进入中国市场不久的极兔速 递补足了末端配送的短板，更将日均单量提升至5000万单级别，为其成功登陆资本市场奠定了基础。 此次交易后不久，市场便传 ...

Core Viewpoint - Shentong Express has received approval from the State Administration for Market Regulation for its acquisition of Zhejiang Daniao Logistics Technology Co., Ltd, allowing the company to proceed with the transaction, which is valued at RMB 362 million [1][4] Group 1: Acquisition Details - The acquisition involves Shentong's wholly-owned subsidiary purchasing 100% of Daniao Logistics, which is primarily owned by Cainiao Supply Chain and Alibaba [1] - Daniao Logistics, established in 2009, has a registered capital of RMB 490 million and provides logistics services to major e-commerce platforms across approximately 300 cities in China [1] Group 2: Financial Performance of Daniao Logistics - For the fiscal year 2024, Daniao Logistics is projected to generate revenue of RMB 12.351 billion, with a net profit of RMB 20.1154 million [2] - In the first four months of the current year, Daniao reported revenue of RMB 2.965 billion but incurred a net loss of RMB 234 million, attributed to seasonal business slowdowns and declining industry prices [2] - Daily business volume for Daniao Logistics is expected to exceed 4 million orders in both 2024 and the first four months of 2025 [2] Group 3: Strategic Implications for Shentong Express - The acquisition is anticipated to enhance Shentong's competitive edge and long-term sustainability by optimizing its express delivery network and increasing business scale [4] - Post-acquisition, Daniao will become a wholly-owned subsidiary of Shentong, fully integrating its personnel, assets, and operations into Shentong's management [4] - The transaction is expected to improve Daniao's profitability and, consequently, Shentong's overall profitability and sustainable operational capacity, especially as the industry enters its peak season [4] Group 4: Industry Context - The State Post Bureau has been encouraging mergers and acquisitions in the express delivery sector to promote strong partnerships and resource integration among companies [4] - Recent trends in the industry show a slowdown in business volume growth, with a decline in revenue growth rates due to price increases and reduced competition [5] - Shentong's third-quarter report indicated a revenue of RMB 13.546 billion, a year-on-year increase of 13.62%, and a net profit of RMB 302 million, reflecting a 40.32% increase [5]