"首批搭载L2级辅助驾驶系统的重卡投用两月，运营效率与经济性显著提升，安全性亦大幅增强， 后续期待与申通有更多的落地合作。"深向科技创始人兼CEO万钧站在与申通快运成功合作的DeepWay 智能新能源重卡旁坦言，桐庐丰富的场景资源和扎实的产业配套，是实现"场景机会"与"场景能力"高效 匹配的理想之地，这正是深向科技计划落地桐庐的关键原因。目前，桐庐坐拥海康威视全国最大生产基 地，集聚全链条产业资源，形成省级高新区"一区四园"布局，用地价格优惠，叠加多元产业政策、丰厚 基金与人才补贴，"政策组合拳"发力，吸引智能物联企业纷至沓来。 2024年，浙江智能物联产业集群运行良好，实现规上营收1.35万亿元，同比增长9.9%，取得了产业 能级、科技创新、应用场景、生态营造等四大维度的系统性突破。下一步，浙江省将锚定世界级、先进 性和竞争力目标，落实工信部培育世界级先进制造业集群工作部署，深入实施九大行动，奋力打造十大 标志性成果，全力构建浙江特色现代化产业体系，加快建设全球先进制造业基地。 对接活动锁定"以需引供"，活动现场，交通、能源、机场等省属国企发布混凝土拌合楼智能化生 产、能源机器人巡检等场景需求。桐庐则重点推 ...

证券代码：600233 证券简称：圆通速递 公告编号：2025-047 圆通速递股份有限公司 近日，公司收到杭州灏月通知，杭州灏月在 2025 年 4 月 3 日至 2025 年 6 月 26 日期间，通过大宗交易方式转让公司 68,935,068 股无限售条件流通股，转 让股份数量占公司总股本的 2%，杭州灏月本次减持股份计划已实施完毕。现将 有关事项公告如下： 一、减持主体减持前基本情况 股东名称 杭州灏月 控股股东、实控人及一致行动人 □是 □否 直接持股 5%以上股东 √是 □否 股东身份 董事、监事和高级管理人员 □是 □否 其他：/ 持股数量 379,179,681股 持股比例 11.00% 当前持股股份来源 协议转让取得：379,179,681股 上述减持主体存在一致行动人： 持股数量 一致行动关系形成 股东名称 持股比例 （股） 原因 杭州灏月 379,179,681 11.00% 上述主体 同属 于阿 杭州阿里创业投 里 巴 巴集 团 控 股 有 资有限公司 限公司内企业，根据 第一组 《 上 市公 司 收 购 管 浙江菜鸟供应链 管理有限公司 一致行动人 合计 710,815,344 20 ...

Core Viewpoint - FedEx reported record profits in its latest financial results, but the stock price fell nearly 6% in after-hours trading due to concerns over future guidance and macroeconomic uncertainties [1][2]. Financial Performance - For Q4 of fiscal year 2025, FedEx achieved revenues of $22.2 billion, a year-on-year increase of approximately 1%, slightly above market expectations [1]. - GAAP earnings per share (EPS) were $6.88, while non-GAAP adjusted EPS was $6.07, both exceeding analyst expectations of $5.81 to $5.96 [1]. - The operating profit margin improved to 9.1%, indicating enhanced operational efficiency [1]. - The company saved $2.2 billion through its DRIVE cost control program in fiscal year 2025 and plans to cut an additional $1 billion in operating costs in fiscal year 2026 [1]. Market Reaction - Despite strong financial data, FedEx's stock price declined significantly after the earnings report due to the cancellation of the full-year earnings outlook for fiscal year 2026 and a conservative Q1 EPS forecast of $3.40 to $4.00, below market expectations of $4.10 [2][4]. - Concerns were raised regarding the company's international business performance, particularly in air freight, due to a notable decline in low-value e-commerce shipments from China, linked to recent U.S. tariffs [2][3]. Management Commentary - FedEx CEO Raj Subramaniam emphasized the need for caution in operational planning due to global macroeconomic uncertainties and rapid changes in the market environment [3]. - The CFO reiterated the focus on cost optimization, network efficiency, and disciplined capital expenditure to mitigate macro pressures [3]. Shareholder Returns - FedEx announced a 5% increase in its quarterly dividend and continued its stock buyback program, reflecting confidence in its cash flow situation [3]. Competitive Landscape - Compared to UPS, which reported a revenue of $21.5 billion with a year-on-year decline of 0.7% but maintained its full-year guidance, FedEx's lack of long-term outlook has raised concerns about its transparency and investor confidence [3][4]. Future Focus Areas - Investors should monitor three key aspects: the ability to meet the conservative Q1 EPS guidance, the stability of U.S.-China trade policies and the international air freight business, and the progress of FedEx Freight's business split and its impact on overall valuation and profit structure [4].

①美国三大股指收盘涨跌不一，道指跌0.25%，标普500指数持平，纳指涨0.31%； ②大型科技股涨跌不一，谷歌涨超2%，微软、苹果小幅上涨；特斯拉跌超3%，英特尔跌逾1%，奈飞、 亚马逊、Meta小幅下跌； ③热门中概股跌多涨少，霸王茶姬跌超8%，满帮、小鹏汽车跌超3%，好未来、金山云等跌超2%，新东 方、理想汽车、唯品会等跌逾1%；富途控股涨约6%，中通快递、京东涨超1%，携程网、哔哩哔哩小幅 上涨； ④欧洲三大股指收盘全线下跌，德国DAX指数跌0.61%报23498.33点，法国CAC40指数跌0.76%报 7558.16点，英国富时100指数跌0.46%报8718.75点； ⑤国际油价窄幅震荡，美油涨0.9%，报64.94美元/桶； ⑥国际贵金属期货普遍收涨，COMEX黄金期货涨0.37%报3346.40美元/盎司，COMEX白银期货涨1.35% 报36.22美元/盎司； ⑦纽约尾盘，美元指数跌0.28%报97.70，离岸人民币对美元跌76个基点报7.1720； ⑧伦敦基本金属多数上涨，LME期锡涨2.54%报33140.00美元/吨，LME期锌涨1.06%报2710.00美元/吨， LME期镍涨1. ...

美股盘初，纳指盘初涨0.61%，标普500指数涨0.19%，道指跌0.02%。明星科技股多数上涨，英伟达涨 近1%；小马智行涨超5%，公司被纳入纳斯达克中国金龙指数。联邦快递跌超4%，公司Q1指引不佳， 不提供全年指引。 ...

这是一场特殊 的电竞决赛 。 台下观赛的选手们也跟着一起紧张起来，他们一会 儿 盯着大屏幕，一会 儿 左右侧身看着电脑后面的选手们，打到精彩之处，他们会从网吧狭 窄过道中间的凳子上跳起，打到节骨眼上时也会挥动手中的写有鼓励话语的小牌子。尽管这间位于广州增城区的网吧规模不大，空间略显局 促， 但台上台下的每个人都格外专注，仿佛认真面对人生中一件很重要的事情，毕竟，这是他们人生中的 第一场电竞比赛 。 一块 LED屏幕 上播放的实时游戏画面 占据了网吧的一端， 游戏 中的英雄在虚拟战场上穿梭 、购买装备和射击。而坐在台式电脑前操控英雄 的选手们则始终双眼紧盯着屏幕，左手快速敲击键盘、右手疯狂按动鼠标。打到关键时刻，队长忍不住连连呼喊，指挥队员迅速到位执行战 术，一套精彩的操作后，他们终于拿下关键分。这时，同队的5名选手不禁发出齐声呐喊，他们站起身来碰拳、击掌，享受着获胜的喜悦，而 对手只能发出一片懊悔、遗憾的声音，为刚刚的失误而紧皱眉头。 临近晚上 八 点，网吧内气氛逐渐升至沸点。就在距离夺冠一步之遥的时刻， 战况意外陷入 胶着 ，被 对手连下4分后，"来财"的队员们弹击键 盘的节奏 逐渐 变乱，一下原本领先的优 ...

6月24日，神州控股(00861)旗下智慧供应链业务主体科捷与圆通速递（600233）(600233.SH)在上海圆通总部正式签署战略合作协议。 双方将共建行业标杆级"仓配一体"生态体系，为客户提供端到端的一站式供应链综合解决方案。与此同时，双方还就大数据和人工智 能技术在物流供应链领域的应用实践展开了充分交流及联合创新探讨，共同推动供应链数智化转型。神州控股总裁兼首席运营官、科 捷总裁蔡英华，圆通速递总裁潘水苗及相关高层领导共同出席签约仪式。 1+1>2的供应链协同效应 此次战略合作协议的签署，科捷的行业场景洞察及仓储运营经验与圆通的仓储及配送网络覆盖优势形成强力互补，不仅将提升双方在 高端供应链服务领域的竞争力，更有望推动物流行业从"单一环节优化"向"全链路智能化"转型。此次战略合作协议落地后，电商、美 妆等行业客户将享受到从仓储管理到末端配送的一体化解决方案，供应链响应速度与成本控制能力将得到双重提升。例如，针对鞋服 等退货率高的品类，逆向物流链路建设存在全链路时效长、集中拆包分类返场链路时间长且成本高诸多痛点。随着双方合作的展开， 科捷的仓储优势联动圆通末端揽收能力，就近处理，逆向物流链路效率将得到大 ...

For the quarter ended May 2025, FedEx (FDX) reported revenue of $22.22 billion, up 0.5% over the same period last year. EPS came in at $6.07, compared to $5.41 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $21.73 billion, representing a surprise of +2.24%. The company delivered an EPS surprise of +2.36%, with the consensus EPS estimate being $5.93.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectatio ...

Financial Data and Key Metrics Changes - The company achieved a 1% year-over-year increase in revenue, with adjusted operating income growing by 8% and adjusted operating margin expanding by 60 basis points [12][44] - Adjusted earnings per share for FY 2025 was $18.19, marking two consecutive years of earnings growth despite industry challenges [43] - The company returned $4.3 billion to stockholders, exceeding its previous commitment of $3.8 billion [50] Business Line Data and Key Metrics Changes - At Federal Express Corporation, adjusted operating income increased by $136 million, driven by DRIVE savings and increased U.S. and international export volume [46] - FedEx Freight experienced a decline in operating income by $30 million, but showed sequential improvement with average daily shipments down only 1% year-over-year in Q4 compared to larger declines in previous quarters [44][31] - The company reported a 6% volume growth across U.S. Domestic parcel services, indicating strong performance in this segment [29] Market Data and Key Metrics Changes - International export revenue was flat, primarily due to tariff-related impacts on the Transpacific trade lane, particularly from China to the U.S. [31][34] - The company noted a significant headwind from the expiration of the U.S. Postal Service contract, which is expected to impact revenue in the first quarter of FY 2026 [54][35] - The pricing environment is improving, with domestic yield showing strength in priority services despite overall pressures [72] Company Strategy and Development Direction - The company is focused on its transformation initiatives, including Network 2.0, which aims to optimize operations and reduce costs, with a target of $1 billion in transformation-related savings for FY 2026 [25][57] - The company is adapting its network to changing trade flows and has implemented significant capacity reductions in response to demand shifts [16][18] - The freight spin-off is progressing, with leadership appointments made to ensure a successful transition [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate a volatile global demand environment and adapt to trade policy changes [24][60] - The company anticipates flat to 2% revenue growth in the first quarter of FY 2026, factoring in various headwinds from trade disruptions and the U.S. Postal Service contract expiration [54][35] - Management highlighted the importance of maintaining pricing discipline and focusing on high-margin opportunities in B2B sectors, particularly healthcare and automotive [37][39] Other Important Information - The company completed the optimization of its Canadian operations and is ramping up efforts in other markets, including Europe [20][21] - A non-cash impairment charge of $21 million was recorded due to the retirement of additional aircraft as part of the fleet modernization strategy [49] - The company plans to host an Investor Day in early calendar 2026 to discuss long-term strategies and the upcoming freight spin-off [59][60] Q&A Session Summary Question: Can you discuss the shape of the $1 billion savings from Network 2.0? - Management indicated that $200 million of the savings is expected in the first quarter, with a ramp-up throughout the year, emphasizing the ongoing focus on DRIVE savings [63][66] Question: What is the current competitive dynamic in pricing? - Management noted improvements in the pricing environment, driven by a focus on revenue quality and execution of pricing strategies [70][72] Question: Can you break down the $170 million headwind from international exports? - Management clarified that the majority of the headwind is from the China to U.S. lane, primarily due to tariff impacts, and highlighted ongoing trade negotiations affecting other regions [76][78] Question: What are the expectations for B2B and consumer segments? - Management acknowledged continued pressure on B2B volumes but noted stronger onboarding in the consumer segment, particularly in May [87][88] Question: How is the company adapting to changing global trade patterns? - Management highlighted the flexibility of the network and the ability to respond to shifts in trade patterns, particularly with growth in Southeast Asia [103][106]

联邦快递虽然Q4业绩超出华尔街预期，但管理层对未来的谨慎态度让投资者颇为不安，股价在盘后交易中下跌近5%。 周二美股盘后，联邦快递（FedEx）交出了一份表面上看起来相当不错的2025财年第四季度成绩单，营收和利润双双超出了 华尔街的预期。然而，疲软的短期指引和对未来全年盈利预测的刻意回避，让市场颇为担忧： 值得注意的是，联邦快递创始人弗雷德·史密斯于6月21日去世。媒体指出，这位80岁的创始人曾在耶鲁大学写下隔夜配送的 商业计划，被教授评为不可行而得了C，但他最终用联邦快递改变了全球物流业，史密斯的离世恰逢公司面临转型挑战的关 键时刻。财报公布后，联邦快递美股盘后一度跌近5%。 "漂亮"的业绩数字与背后的隐忧 根据财报，联邦快递第四季度实现了222亿美元的营收和6.07美元的调整后每股收益，分别高于分析师预期的218亿美元和 5.87美元。 这主要归功于公司大刀阔斧的成本削减计划——DRIVE计划。公司宣布已成功完成其在2025财年削减22亿美元结构性成本的 目标，这无疑是管理层执行力的有力证明。 然而，市场的目光显然没有停留在过去的功劳簿上。真正的"预期差"来自于公司的前瞻指引。 财务表现： 2025财年 ...