Group 1: Foreign Trade Performance - In the first three quarters of the year, China's foreign trade import and export reached 33.61 trillion yuan, a year-on-year increase of 4% [1] - Exports amounted to 19.95 trillion yuan, growing by 7.1%, while imports were 13.66 trillion yuan, showing a slight decline of 0.2% [1] - In September alone, the total import and export value was 4.04 trillion yuan, reflecting an 8% growth [1] Group 2: Export Product Trends - In the first three quarters, China exported 12.07 trillion yuan worth of electromechanical products, marking a 9.6% increase and accounting for 60.5% of total exports [2] - High-tech products such as electronic information, high-end equipment, and instruments saw growth rates of 8.1%, 22.4%, and 15.2% respectively [2] - New categories of products, including "new three samples" and railway electric locomotives, experienced double-digit growth [2] Group 3: International Business Expansion - Alibaba and Ant Group jointly invested 9.25 billion USD (approximately 66 billion yuan) to establish their Hong Kong headquarters, aiming to expand international business [6] - This move is seen as a strategic step to leverage Hong Kong as a base for global development [6] Group 4: E-commerce Tax Reporting - Amazon announced it will report seller tax information to Chinese tax authorities quarterly, starting from October 31, 2025 [7] - This initiative is part of a broader effort to enhance tax regulatory transparency in China's cross-border e-commerce sector [8] Group 5: Trade Fair Participation - The 138th Canton Fair concluded with nearly 158,000 overseas buyers attending, representing a 6.3% increase from previous events [3] Group 6: Regional Trade Performance - Guangdong's foreign trade import and export reached 7.02 trillion yuan in the first three quarters, a 3.8% increase year-on-year, accounting for 20.9% of the national total [4] - Exports from Guangdong were 4.48 trillion yuan, growing by 1.4%, while imports increased by 8.2% to 2.54 trillion yuan [4] Group 7: Cultural Products Export - In the first three quarters, exports of holiday products, dolls, and animal-shaped toys exceeded 50 billion yuan, showcasing the global influence of Chinese traditional culture [5]

Core Insights - SF Holding reported a total revenue of 27.007 billion yuan in September, marking an 8.78% year-on-year increase [1] - The express logistics business generated revenue of 20.854 billion yuan, up 14.21% year-on-year, with a business volume of 1.504 billion parcels, reflecting a 31.81% increase [1] - The company is enhancing its domestic market presence through customized logistics solutions that support local industry development [1] Domestic Market Development - SF Holding is focusing on key production areas in Shaanxi, establishing a "county-town-village" three-tier delivery service network to address local farmers' needs for nearby shipping [1] - The integration of logistics visualization technology and a multi-modal transport model combining cold chain land transport and air freight has improved the efficiency of fruit distribution from Shaanxi [1] - The company aims to expand its market share in fresh logistics by leveraging scenario-based logistics services and reusing cold chain capabilities [1] International Market Expansion - SF Holding is continuously enhancing its international logistics network, expanding air routes to strengthen cross-border service capabilities [2] - The fleet of SF Airlines has reached 90 all-cargo aircraft, covering domestic, Asian, European, and American markets [2] - The company is committed to providing high-quality air logistics services to global customers, contributing to the dual circulation development pattern in China [2] ESG Performance - SF Holding achieved a significant milestone with MSCI upgrading its ESG rating from "BBB" to "A," making it the first logistics company in China to receive this rating [2] - This recognition reflects the company's outstanding performance in environmental, social, and governance aspects, enhancing its brand credibility and reducing long-term operational risks [2] - Strong ESG performance is expected to support SF Holding's overseas business expansion and capital market performance, creating a positive cycle for the company's long-term investment value [2]

Group 1 - The State Council meeting emphasized the importance of logistics in facilitating domestic circulation and developing a modern industrial system, aiming to reduce logistics costs and improve efficiency [1] - The meeting called for the construction of a modern logistics system that is safe, efficient, and integrates digital infrastructure, with a focus on investment in logistics facilities and enhancing multi-modal transport management [1] - The integration of artificial intelligence with logistics was highlighted as a key area for development, with a goal to enhance operational efficiency and re-engineer logistics processes [2] Group 2 - The development of green trade is seen as a crucial measure for optimizing trade, achieving carbon neutrality goals, and building a strong trade nation, with an emphasis on creating a supportive policy environment [2] - Green trade encompasses both the greening of trade products and processes, aiming for minimal environmental impact throughout the supply chain [3] - The significance of green trade lies in its potential to help achieve carbon neutrality, promote domestic industrial upgrades, and enhance China's position in the global green industry chain [3]

顺丰控股(06936)公布，公司于2025年10月17日获悉，公司控股股东深圳明德控股发展有限公司（明德 控股）于2025年10月16日分别以中国工商银行股份有限公司深圳喜年支行、中国邮政储蓄银行股份有限 公司前海分行及中信银行股份有限公司深圳分行（合称为"质权人"，按照《银行业条例》（香港法例第 155章）界定为认可机构）为受惠人，合共质押其持有的4200万股公司A股股份（约占公司已发行股本 总额0.83%），作为其真诚商业贷款的担保。 ...

Core Insights - In September 2025, the company reported a total revenue of RMB 27.007 billion from its express logistics, supply chain, and international businesses, representing a year-on-year growth of 8.78% [1] - The express logistics segment alone saw a revenue increase of 14.21%, with a business volume growth of 31.81% compared to the previous year [1]

Core Insights - SF Holding reported a total revenue of 27.007 billion yuan in September, marking an 8.78% year-on-year increase, driven by the peak delivery season during the National Day and Mid-Autumn Festival [1] Revenue Breakdown - The express logistics segment generated revenue of 20.854 billion yuan, reflecting a year-on-year growth of 14.21%, with a business volume of 1.504 billion shipments, up 31.81% [1] - The supply chain and international business contributed 6.153 billion yuan in revenue [1] Service Innovations - SF Holding enhanced its service offerings for the seasonal delivery of hairy crabs, utilizing temporary collection points and specialized service teams, along with smart logistics technologies like unmanned vehicles and drones [1] - The company launched its first intelligent transfer center for hairy crabs in Suzhou, featuring an automated sorting system capable of processing over 20,000 items per hour and exceeding 400,000 items daily [1] Market Expansion Strategies - SF Holding is integrating logistics with branding and traffic, improving crab packaging to reflect local culture while enhancing freshness [3] - The company is also collaborating with e-commerce platforms to provide comprehensive logistics services, facilitating direct access for consumers in Hong Kong [3] Regional Development Initiatives - In Shaanxi, SF Holding established a three-tier delivery network to assist local fruit farmers, employing a multi-modal transport model to enhance efficiency [4] - The company is expanding its fresh produce logistics market share through tailored logistics solutions that support local industry growth [4] International Growth - SF Holding is expanding its international logistics network, recently launching a new cargo route from Ezhou to Chicago, enhancing its North American service capabilities [4] - The company’s air cargo fleet has grown to 90 aircraft, covering domestic and international markets [6] ESG Performance - SF Holding's ESG rating improved from "BBB" to "A" by MSCI, making it the first logistics company in China to achieve this rating, reflecting its commitment to environmental, social, and governance standards [6] - This strong ESG performance is expected to enhance brand credibility and support the company's long-term investment value [6]

Core Viewpoint - SF Holding (06936) reported a total revenue of RMB 27.007 billion for its express logistics, supply chain, and international business for September 2025, representing a year-on-year growth of 8.78% [1] Group 1: Express Logistics Business - Revenue from express logistics business increased by 14.21% year-on-year, with business volume growing by 31.81% [1] - The growth is attributed to the company's continuous enhancement of standard products and comprehensive logistics service capabilities, effectively meeting diverse customer logistics needs [1] - The company has optimized its market strategy to promote high-quality business growth [1] Group 2: International Business - The international freight forwarding business revenue was impacted by fluctuations in international trade and a slowdown in freight market demand, leading to a significant decline in sea freight prices compared to the same period last year [1] - Despite these challenges, the company leveraged its global network advantages and diverse product offerings to adapt to market changes and actively explore new demands [1] - Revenue from international express and cross-border e-commerce logistics business achieved rapid growth year-on-year [1]

Core Viewpoint - SF Holding (06936.HK) reported a total revenue of RMB 27.007 billion for its express logistics, supply chain, and international business for the year ending September 2025, representing a year-on-year growth of 8.78% [1] Group 1: Express Logistics Business - Revenue from the express logistics business increased by 14.21% year-on-year, with a business volume growth of 31.81% [1] - The growth is attributed to the company's continuous enhancement of standard products and comprehensive logistics service capabilities, as well as deepening its engagement in various logistics scenarios to effectively meet diverse customer needs [1] - The company has gradually optimized its market strategy to promote high-quality business growth [1] Group 2: International Business - The international freight forwarding business revenue was impacted by fluctuations in international trade and a slowdown in freight market demand, leading to a significant decline in sea freight prices compared to the same period last year [1] - Despite these challenges, the company leveraged its global network advantages and diverse product offerings to adapt to market changes and actively explore new demands, maintaining stable overall cargo volume in the international freight forwarding business [1] - Revenue from international express and cross-border e-commerce logistics experienced rapid growth year-on-year [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容所產生或因 依賴該等內容而引致的任何損失承擔任何責任。 S.F. Holding Co., Ltd. 順豐控股股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6936） 2025 年 9 月快遞物流業務經營簡報 根據《深圳證券交易所上市公司自律監管指引第3號 — 行業信息披露》的規定， 順豐控股股份有限公司（以下簡稱「公司」或「本公司」）現披露2025年9月業務經 營簡報情況如下： | 項目 | | 2025年9月 | 2024年9月 | 同比變動 | | --- | --- | --- | --- | --- | | 1. | 速運物流業務 | | | | | | 營業收入 （人民幣億元） | 208.54 | 182.60 | 14.21% | | | －業務量 （億票） | 15.04 | 11.41 | 31.81% | | | －單票收入 （人民幣元） | 13.87 | 16.00 | -13.31% | | 2. | 供應鏈 ...

Core Viewpoint - SF Holding (002352.SZ) reported a total revenue of RMB 27.007 billion for its express logistics, supply chain, and international business for the year ending September 2025, representing a year-on-year growth of 8.78% [1] Group 1: Revenue Breakdown - The express logistics business revenue grew by 14.21% year-on-year [1] - The business volume for express logistics increased by 31.81% [1] Group 2: Strategic Initiatives - The company has been continuously enhancing its standard products and comprehensive logistics service capabilities [1] - SF Holding is focusing on deepening its logistics services across various production and living scenarios to effectively meet diverse customer logistics needs [1] - The company is gradually optimizing its market strategies to drive high-quality business growth [1]