Core Viewpoint - The company is actively advancing its "14th Five-Year Plan" in alignment with national and group strategies, focusing on enhancing international air cargo capacity and maintaining supply chain stability while reducing logistics costs [1] Group 1: Strategic Development - The company aims to become a comprehensive air logistics service provider, leveraging its role in the supply chain and industry [1] - The company plans to optimize its strategic market and resource allocation to enhance industry competitiveness and improve capital operation efficiency [1] Group 2: Regional Focus - The company is conducting in-depth research on regional economic development characteristics and air logistics industry demands, particularly in key areas such as the Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, Chengdu-Chongqing, and Beijing-Tianjin-Hebei [1] - The company intends to adjust its resource allocation and route network to meet diverse customer needs, moving away from a single operational focus at Shanghai Pudong [1] Group 3: Long-term Strategy - The company will focus on deepening its presence in the East China market, expanding in South China, and nurturing the Southwest market through differentiated positioning and network collaboration [1]

下一步，桂林机场将继续完善中转服务体系，丰富产品，提升货运效率，满足企业与货主需求，推进未 通达地区物流渠道拓展及运输网络优化。（编辑：李佳洹 校对：许浩存 审核：韩磊） 中国民航网 通讯员蒙志荣 报道：9月8日，桂林机场将33件、总重1382公斤的货物中转运至拉萨，标志 着桂林至拉萨"通单中转、一票到底"的中转业务正式开通。该链路覆盖3000多公里，桂林发往拉萨的货 物运输时长从原来的60小时大幅缩短至30小时，不仅实现物流时效提升50%，还同步降低50%物流成 本，为两地企业提供了更高效、便捷、经济的物流服务。 针对桂林与拉萨无直航的情况，桂林机场近年联合国航、南航、东航等航司，逐步搭建覆盖拉萨的货运 中转网络，为后续拓展渠道做准备。此次拉萨通道开通，通过借力北京、上海、西安等枢纽的中转资 源，既打通至更多偏远地区的货运链路，实现桂林未通航城市的货运直联，也让桂林农工业品触达更广 市场，进一步完善航空货运网络。 ...

Market Potential - The structural advantages of China's super-large market are accelerating, with the number of registered business entities reaching 189 million by the end of 2024, a 3.1% increase from 2023, indicating strong economic resilience and market potential [2] - The number of private enterprises has grown from 10.857 million in 2012 to 56.707 million by the end of January 2025, a 5.2-fold increase, highlighting the significant role of private enterprises in technology development and innovation [4] Changes in Circulation System - The index for the development of small and medium-sized enterprises reached 89.5 in the first quarter of 2025, the highest since 2020, due to the relaxation of market access restrictions [5] - The national social logistics total reached 36.06 trillion yuan in 2024, a 5.8% increase year-on-year, with logistics costs as a percentage of GDP decreasing from 18% in 2012 to 14.4% in 2023 [11][15] Fair Competition in the Market - The implementation of the Fair Competition Review Regulations in August 2024 has led to a 2.78 percentage point decrease in identified issues, with an average processing time for simplified cases reduced by 5.7 days [19] - In the first half of the year, market regulators investigated 11 cases of monopoly agreements and abuse of market dominance, imposing fines totaling 632 million yuan [19] Consumer Environment - In 2024, the national market regulatory authorities received 39.239 million consumer complaints, with 18.625 million being complaints, resulting in a recovery of 5.16 billion yuan for consumers [20] - The retail sales of consumer goods reached 24.5458 trillion yuan in the first half of 2025, a 5.0% year-on-year increase, with 19 provinces exceeding the national average growth rate [6]

Core Viewpoint - The Urumqi Railway Bureau Group Co., Ltd. has announced that by 2025, the express e-commerce train service from Urumqi to Xi'an will reach 100 trains, contributing to the reduction of logistics costs across society [1] Group 1 - The initiative aims to enhance logistics efficiency and support the e-commerce sector [1] - The introduction of the express train service is expected to inject momentum into the overall logistics cost reduction efforts [1]

Core Viewpoint - The logistics industry in China has shown stable growth in the first half of the year, with a total social logistics volume of 171.3 trillion yuan, reflecting a year-on-year increase of 5.6% and outpacing GDP growth by 0.3 percentage points [1] Group 1: Logistics Performance - The overall logistics service prices have remained stable with slight fluctuations, while the operational resilience of micro-logistics entities has been maintained [2] - In the maritime sector, the demand for bulk commodities has been weak, leading to a general decline in bulk shipping prices, although the foreign trade container market has seen a recovery with a 15.2% month-on-month increase in the export container price index in June [2] - The road transport market has experienced a recovery in demand and prices for bulk commodities, supported by holiday consumption [4] Group 2: Financial Metrics - Key logistics enterprises reported a 5.4% year-on-year increase in logistics business revenue, with a stable profit margin of around 3% [6] - The cost per 100 yuan of revenue for key logistics enterprises has slightly increased to 95.7 yuan [6] Group 3: Cost Efficiency and Structural Changes - The ratio of total logistics costs to GDP has decreased to 14.0%, down 0.1 percentage points from the previous quarter and 0.2 percentage points from the same period last year, indicating improved logistics efficiency [9] - The reduction in logistics costs relative to GDP suggests that a decrease of 0.1 percentage points can save 1 billion yuan in logistics costs for every 100 trillion yuan of GDP [11] Group 4: Infrastructure and Technological Advancements - Infrastructure loans in the logistics sector reached 12 billion yuan, a 67% increase year-on-year, enhancing the connectivity of transportation infrastructure [13] - The logistics sector is leveraging digital technologies for comprehensive supply chain improvements, which has effectively enhanced operational efficiency [15] - The integration of intelligent technologies and equipment upgrades in logistics is further improving operational efficiency and supporting cost reductions [17]