截至本公告日期，明德控股共质押了其持有的8.53亿股本公司A股股份(约占本公司已发行股本总额 16.93%)。明德控股所持本公司股份不涉及被冻结的情况，且截至本公告日期，明德控股资信情况良 好，具备相应的偿还能力，质押的股份不存在平仓或被强制过户的风险，质押风险可控。当质押的股份 出现平仓风险时，明德控股将及时通知公司，并将严格遵守相关规定履行信息披露义务。 智通财经APP讯，顺丰控股(06936)发布公告，本公司于2026年1月7日获悉，本公司控股股东深圳明德控 股发展有限公司于2026年1月6日以中信银行股份有限公司深圳分行为受惠人，质押其持有的1550万股本 公司A股股份(约占本公司已发行股本总额0.31%)，作为其真诚商业贷款的担保。就本公司董事所知，质 权人为本公司的独立第三方且并非本公司的关连人士。 ...

Core Viewpoint - The article emphasizes the importance of accessible and effective complaint channels for consumers whose rights have been violated, highlighting the evolution of digital governance and internet platforms that facilitate the complaint process [1][8]. Group 1: Digital Official Channels - The primary official platform for complaints is the "National 12315 Platform," which offers multiple access methods including website, mobile app, mini-programs, and public accounts. Users can register, describe their issues, and upload evidence to submit complaints [9][10]. - This digital approach eliminates geographical and time constraints, making it particularly useful for handling disputes related to online shopping or cross-regional consumption [9][10]. Group 2: Third-Party Public Complaint Platforms - An example of a third-party platform is "Black Cat Complaints," which provides various access points such as a website, independent app, and mini-programs on popular social media. The complaint submission process is streamlined to take less than five minutes [2][13]. - The platform features a real-time tracking system for complaints, enhancing transparency and allowing users to monitor the status of their complaints [2][13]. - Black Cat Complaints operates as a neutral third party, does not charge users, and utilizes an AI legal assistant to provide free legal advice based on consumer protection laws [2][13]. Group 3: Industry Organizations and Media Supervision - Industry associations and authoritative media can serve as effective complaint channels for specific sectors, providing specialized focus and expertise [14][15]. - Mainstream media's consumer rights columns can also accept complaints, which, upon verification, may lead to public exposure and prompt action from companies and relevant authorities [15]. Group 4: Smart Complaint Channel Selection - Consumers are advised to research a company's complaint history and resolution rates on platforms like Black Cat Complaints before making significant purchases, which can help avoid potential risks [16]. - The article outlines a multi-channel approach for complaints, suggesting that consumers can simultaneously report issues to official channels and third-party platforms to enhance the chances of resolution [17].

极兔速递集团副总裁后军仪表示："受惠电商高速发展和多元化客户结构，极兔在东南亚和新市场保持 了强劲增势，在中国我们主动追求更有质量的增长，2025年全球超300亿个包裹将是我们一个新的起 点。未来，我们将继续强化全球网络，以创新驱动增长，持续满足市场需求。" 2025年，公司持续投入基础设施建设和资源调配，对各市场的网络合作伙伴和网点进行策略性优化，并 对转运中心进行升级，提升运营效益。在中国，网点自动化建设与云仓布局同步提速。极兔重点支持网 点投入自动化设备与无人物流车，截至2025年底，网点自动化设备数量较6月底提升26%，同步投用 1,000辆无人物流车，有效助力末端配送效率提升。而在云仓布局，极兔累计开设173个云仓，通过开发 增值服务覆盖客户多样化需求，进一步强化客户粘性与体验优化。此外，在泰国的末端网点，极免率先 部署了东南亚首台工业级的自动化分拣设备，预计2026年实现全泰国的末端自动化能力升级。目前，相 关设备已在越南、印度尼西亚、马来西亚、菲律宾的末端网点落地。截至2025年底，公司拥有19,300个 网点和246个转运中心;公司在所有市场的自动化分拣线数量达到413个，同比增加134个。 ...

升级后的固东路。（资料片） （来源：廊坊日报） 转自：廊坊日报 固东路（资料片） 交通的蝶变，为产业发展注入强劲动力。作为固安县疏解北京非首都功能的重点项目，京津冀（固安）国际 商贸城与固东公路无缝衔接。以固东公路为支撑，商贸城吸引多家服装批发企业入驻，成为中国北方颇具影 响力的采购中心。 "公路通了，客流、物流都活了。"商贸城运营负责人介绍，目前已有56家物流企业在此布局，开通220条物流 专线，3条通勤快巴直达北京大红门等核心区域。 固东公路的辐射效应已延伸至商贸领域之外。沿公路布局的大清河产业园区内，菜鸟驿站、申通快递等物流 企业纷纷集聚。凭借发达的交通网络，园区物流配送范围可覆盖京津冀核心区域，日均处理快递包裹超过10 万件，带动周边300余名村民实现就近就业。"现在在物流园上班，既能挣到钱，还能照顾老人孩子。"正在分 拣快递的村民张艳红说，公路通车后，越来越多的企业来村里投资，村民的就业选择也更加丰富。 交通兴，则旅游旺。依托固东公路带来的便捷交通，沿线乡镇如固安镇、东湾乡等，正积极发展乡村旅游。 固安镇的温室采摘园每逢周末游客络绎不绝；东湾乡的民俗村则通过打造特色农家菜和传统手工艺品展销等 项目， ...

"我们在多个蓝莓核心产区布局无人机低空物流网络，打通产地'最初一公里'，并结合AI智能分拣、高 光谱成像等技术，推动蓝莓标准化分级，提升产品附加值。"顺丰集团特色经济项目部副总经理郭翔兵 说，顺丰在国内通过自有全货机航线，实现云南蓝莓"枝头采摘—产地直发—全国次日达"高效流转；在 国际端，开通跨境全货机专线，48小时内可覆盖东南亚核心城市。 眼下，云南省昆明市、玉溪市、德宏州等地的蓝莓迎来丰收季。为确保蓝莓从"枝头到舌尖"的新鲜体 验，顺丰速运深耕蓝莓寄递，见证了云南蓝莓从区域品牌走向全国、迈向全球的历程，发运量从2018年 的5万件增长至2025年的上千万件。 （文章来源：经济日报） 高效及时送达是衡量快递物流服务质量的重要标准之一。"2025年以来，顺丰通过科技赋能，实现智能 化、无人化技术在端到端物流的全链路深度应用，大幅提升操作岗位效能，支撑业务规模化扩张下的高 效运营。"顺丰集团首席新闻发言人孙玉松告诉记者。 物流快递企业正告别传统"低价换量"的粗放式竞争模式，转向以客户价值为导向、数智能力为引擎的高 质量发展新阶段。2025年12月1日，顺丰推出"超时赔付"服务，只要在小程序或APP等顺丰官方渠道 ...

Investment Rating - The transportation industry is rated as "Outperform" [2] Core Insights - The report highlights a significant drop in crude oil shipping rates, while long-distance shipping rates have increased. The China Import Crude Oil Composite Index (CTFI) fell by 40.6% to 1354.35 points as of December 25, 2025. Conversely, shipping rates for routes to Europe and the US have risen, with rates for Shanghai to Europe increasing by 10.2% to $1690 per TEU, and rates to the US West and East coasts rising by 9.8% and 6.6% respectively [3][13] - The report notes that Peak Flying's Kai Rui Ou eVTOL successfully completed the first ton-level unmanned cross-strait flight over the Qiongzhou Strait, demonstrating the feasibility of low-altitude transportation. Additionally, China National Airlines plans to purchase 60 Airbus A320NEO aircraft, with a total list price of approximately $9.53 billion, scheduled for delivery between 2028 and 2032 [3][14][16] - JD.com has launched its first campus "Smart Wolf" front warehouse at Guangdong Industry and Commerce Vocational Technical University, contributing to a 5.0% year-on-year growth in national social logistics total, amounting to 331.2 trillion yuan for the first 11 months of 2025 [3][22][23] Summary by Sections Industry High-Frequency Data Tracking - The Baltic Air Freight Price Index has decreased both month-on-month and year-on-year. The Shanghai outbound air freight price index was reported at 5821.00 points, showing a year-on-year increase of 9.3% but a month-on-month decrease of 8.6% [25] - Domestic cargo flight operations saw a year-on-year decline of 3.24% in December 2025, while international flights increased by 15.99% [26] - The SCFI index for container shipping was reported at 1656.32 points, with a week-on-week increase of 6.66% but a year-on-year decrease of 32.68% [35] Investment Recommendations - The report suggests focusing on the equipment and manufacturing export chain, recommending companies such as COSCO Shipping, China Merchants Energy Shipping, and Huamao Logistics. It also highlights opportunities in low-altitude economy trends and road-rail investment opportunities [4][5]

Group 1: Core Insights - The report maintains a "recommended" investment rating for the express logistics industry, highlighting the expected orderly competition and gradual optimization of the competitive landscape [1] - The express logistics sector is projected to benefit from the growth of e-commerce and reverse logistics, with a significant increase in business volume and revenue in 2025 [7][12] - The average price in the express industry has shown signs of recovery due to anti-involution policies, with a narrowing year-on-year decline in prices [18][24] Group 2: Industry Overview - In 2025, the total express business volume reached 180.74 billion pieces, a year-on-year increase of 14.9%, while total revenue was 1,355.06 billion yuan, up 7.1% [7][12] - The growth in express logistics is attributed to the expansion of e-commerce into lower-tier markets and the increasing demand for reverse logistics [12][14] - The average price per package has decreased by 12.5% year-on-year, reflecting the impact of low-cost e-commerce and live-streaming sales [12][14] Group 3: Competitive Landscape - Major companies like SF Express and YTO Express have seen an increase in market share, with SF Express's market share rising by 1.3 percentage points year-on-year [24][31] - The competitive dynamics have shifted, with leading companies maintaining growth while smaller firms face pressure to adapt to pricing strategies [24][25] - The report emphasizes the importance of head companies having stable cash flows and low debt levels, positioning them as quasi-dividend stocks [8][12] Group 4: Investment Strategy - The report suggests that the express logistics industry is currently undervalued, with expectations for improved profitability as competition stabilizes and pricing levels stabilize [7][12] - Key investment targets include Zhongtong Express, YTO Express, Shentong Express, and Yunda Express, which are expected to benefit from the evolving market dynamics [7][12] - The cross-border logistics segment is also highlighted for its growth potential, particularly in Southeast Asia and emerging markets, driven by the expansion of e-commerce [7][12]

格隆汇1月4日丨顺丰控股(002352.SZ)公布，公司自2025年9月3日起开始实施回购。截至2025年12月31 日，公司通过股份回购专用证券账户以集中竞价方式回购公司A股股份38,959,689股，回购总金额约为 人民币1,542,488,998.76元（不含交易费用），回购股数占公司目前总股本0.77%，平均成交价为人民币 39.59元/股（最高成交价为人民币42.23元/股，最低成交价为人民币37.07元/股）。 ...

1月2日，工人在位于上海的中建三局一公司灿瑞科技全球芯片研发中心项目工地施工。 元旦假期期间，许多行业的劳动者依然坚守岗位，在工作中度过假期。 新华社记者 丁汀 摄 1月2日，工作人员在中国邮政集团有限公司商丘市分公司邮件处理中心搬运快递。 元旦假期期间，许多行业的劳动者依然坚守岗位，在工作中度过假期。 新华社发（李恒摄） 元旦假期期间，许多行业的劳动者依然坚守岗位，在工作中度过假期。 新华社发（贾敏杰摄） 1月2日，工人在位于上海的中建三局一公司灿瑞科技全球芯片研发中心项目工地施工。 元旦假期期间，许多行业的劳动者依然坚守岗位，在工作中度过假期。 新华社记者 丁汀 摄 1月2日，工人在位于上海的中建三局一公司灿瑞科技全球芯片研发中心项目工地施工。 元旦假期期间，许多行业的劳动者依然坚守岗位，在工作中度过假期。 新华社记者 丁汀 摄 1月2日，在位于湖南省永州市新田县龙泉街道石甑源村的桂（东）新（田）高速建设工地，工人们进行防护坡施工作业（无人机照片）。 元旦假期期间，许多行业的劳动者依然坚守岗位，在工作中度过假期。 新华社发（刘贵雄摄） 元旦假期期间，许多行业的劳动者依然坚守岗位，在工作中度过假期。 新华社 ...

12月31日顺丰控股大宗交易一览 | 成交量 （万 | 成交金额 | 成交价 | 相对当日收盘 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | | （万元） | 格 | 折溢价（%） | | | | 股） | | （元） | | | | | 12.00 | 441.84 | 36.82 | -3.91 | 华泰证券股份有限公司深 | 华泰证券股份有限公司深 | | | | | | 圳深南大道证券营业部 | 圳深南大道证券营业部 | （文章来源：证券时报网） 进一步统计，近3个月内该股累计发生5笔大宗交易，合计成交金额为10.00亿元。 证券时报·数据宝统计显示，顺丰控股今日收盘价为38.32元，下跌0.16%，日换手率为0.25%，成交额为 4.54亿元，全天主力资金净流出5281.52万元，近5日该股累计上涨0.34%，近5日资金合计净流出4945.75 万元。 两融数据显示，该股最新融资余额为31.65亿元，近5日减少1.62亿元，降幅为4.88%。（数据宝） 顺丰控股12月31日大宗交易平台出现一笔成交，成交量12.00万股，成交金额4 ...