Core Insights - The transportation sector in China showed a cumulative increase of 0.37% from October 13 to October 18, ranking 4th among 31 SW primary industries, while the CSI 300 index decreased by 2.22% [2] Subsector Performance - The performance of various subsectors within transportation during the week was as follows: Shipping (3.06%), Airport (2.57%), Expressway (2.33%), Road Freight (1.08%), Port (0.83%), Railway (0.22%), Bus (-2.00%), Cross-border Logistics (-3.49%), Express (-4.36%), and Warehousing Logistics (-4.76%) [1][3] Airline Sector Analysis - Domestic and international capacity recovery rates for major listed airlines in September 2025 compared to the same month in 2019 were as follows: Air China (145.09%), China Southern Airlines (116.42%), China Eastern Airlines (115.45%), Hainan Airlines (92.17%), Juneyao Airlines (115.48%), and Spring Airlines (176.49%) for domestic ASK; and for international ASK: 98.13%, 94.97%, 105.34%, 73.58%, 219.78%, and 81.74% respectively [3] Oil Prices and Exchange Rates - As of October 17, 2025, Brent crude oil was priced at $61.29 per barrel, reflecting a week-on-week decrease of 2.79% and a year-on-year decrease of 17.68% [3] - The exchange rate of the Chinese Yuan against the US Dollar was 7.1048, with a week-on-week depreciation of 0.08% and a year-on-year depreciation of 0.38% [3] Airport Traffic Recovery - Major airports in China showed the following recovery rates for domestic passenger throughput in September 2025 compared to 2019: Baiyun Airport (115.74%), Shanghai Airport (125.22%), Capital Airport (89.82%), and Shenzhen Airport (119.73%) [4] Shipping and Port Metrics - The SCFI index was reported at 1310 points, a week-on-week increase of 12.92% but a year-on-year decrease of 36.46% as of October 17, 2025 [4] - The CCFI index was at 973 points, with a week-on-week decrease of 4.11% and a year-on-year decrease of 30.75% [4] Dry Bulk Shipping Metrics - The BDI index was reported at 2069 points, reflecting a week-on-week increase of 6.87% and a year-on-year increase of 29.80% [5] Road and Rail Performance - In August 2025, railway passenger volume was 505 million, a year-on-year increase of 6.55%, while road passenger volume was 950 million, a year-on-year decrease of 4.80% [5] Express Delivery Sector - The express delivery industry achieved a revenue of 1189.60 billion Yuan in August 2025, a year-on-year increase of 4.20%, with a business volume of 16.15 billion pieces, up 12.30% year-on-year [5] Investment Recommendations - The airline sector is expected to benefit from increased international flights and domestic demand recovery, with recommendations for stocks such as Air China, China Southern Airlines, and others [6] - The airport sector is advised to focus on bottom-fishing opportunities due to the anticipated recovery in international passenger traffic [6] - The cross-border logistics sector is expected to benefit from the growth of cross-border e-commerce, with a recommendation to pay attention to Huamao Logistics [7] - The express delivery sector is seen as having growth potential due to the acceleration of e-commerce and improved industry dynamics [8]

海口美兰机场物流发展部国际保障中心副经理陶铭： "9610"带来国际贸易新机遇 10月17日，工作人员在查看海口美兰机场国际货运站跨境电商货物。海南日报全媒体记者 曹马志 摄 首先是航线铺路。在2024年1月30日，美兰机场开通了"海口⇌阿布扎比"航线，是海南自贸港首条通往阿 联酋的国际航线，为跨境电商货物运输搭建了关键空中通道。在稳定运营近2个月后，该航线成为首单跨境电 商"9610"进口货物的运输载体。 其次是资源整合攻坚。为实现跨境电商"9610"进口业务首单落地，我们提前部署，协同海口海关、海南 省商务厅、中国电子口岸数据中心海口分中心等相关单位，完成平台备案、支付公司备案和数据报送加签等 工作，成功打通订单、支付单、物流单、清单等数据报送通道，并协调解决航司运力、舱位等问题，确保货 物顺利交付，有效推动贸易全链条的货物流、信息流、资金流、关务流实现互通互联。 再次是市场开发支持。我们依托前期已开通的跨境电商、国际快件等业务类型，全力做好海口⇌阿布扎 比航线的市场推介工作，联合海南临空产业发展集团有限公司、海航货运有限公司、沙之星跨境、阿联酋极 兔速递等多方主体，共同推进该航线的货运业务开发，同时在货 ...

智通财经APP获悉，深圳市顺友跨境物流股份有限公司(以下简称为：顺友物流)于4月15日所递交的港股招股书满6个月，于10月15日失效，递表时中信建投 国际为其独家保荐人。 据招股书，该公司是资深的跨境电商物流服务提供商，通过该公司在中国内地的根基及跨境物流网络赋能跨境电商平台及跨境电商卖家。该公司成立于2008 年，致力于提供一站式跨境物流服务，拥有庞大的物流网络、阶梯式定价、多种配送时间选项及广泛的可运输物品覆盖面。该公司扎根于珠江三角洲地区 (中国内地最具活力的跨境电商地区之一)，并已于中国内地广东省深圳市、广州市及东莞市，浙江省义乌市及宁波市，及江苏省苏州市，以及中国香港及美 国开展业务。 ...

截至6月30日，中国外运股东户数5.05万，较上期增加5.04%；人均流通股104337股，较上期减少 4.81%。2025年1月-6月，中国外运实现营业收入505.23亿元，同比减少10.37%；归母净利润19.47亿元， 同比增长0.10%。 资金流向方面，主力资金净流出149.11万元，特大单买入0.00元，占比0.00%，卖出191.81万元，占比 1.33%；大单买入1932.89万元，占比13.43%，卖出1890.19万元，占比13.13%。 中国外运今年以来股价涨20.20%，近5个交易日跌4.13%，近20日涨7.19%，近60日涨20.66%。 今年以来中国外运已经2次登上龙虎榜，最近一次登上龙虎榜为9月29日，当日龙虎榜净买入977.65万 元；买入总计8694.35万元 ，占总成交额比17.10%；卖出总计7716.70万元 ，占总成交额比15.18%。 资料显示，中国外运股份有限公司位于香港九龙观塘海滨道133号万兆丰大楼20楼F及G室,北京朝阳区 安定路5号院10号楼外运大厦B座，成立日期2002年11月20日，上市日期2019年1月18日，公司主营业务 涉及专业物流、代理及相关业 ...

一、政策避险：直击 100% 关税痛点的核心解决方案 批量清关的关税红利 针对特朗普宣称 11 月 1 日生效的 100% 额外关税，代发通采用 "整批备货 + 本地仓储" 模式，货物以大 宗贸易形式提前进入目标市场海外仓，通过批量清关享受远低于单件直邮的关税税率。相较于直邮商品 面临的 130% 以上综合税率，该模式可使企业关税成本降低 40%-60%，直接规避高额关税对利润的吞 噬。 本地化履约的合规保障 商品入境后存储于海外仓，订单产生后从本地直接发货，完全符合目标市场 "本地配送" 的监管要求。 这种模式彻底摆脱了 "中国原产直邮" 的关税认定标签，有效规避小额包裹豁免取消后的清关风险，为 11 月关税新政落地后的持续运营提供确定性保障。 海外仓覆盖全球核心市场枢纽，美国东西海岸、欧洲五国、东南亚重点城市均实现 "次日达" 或 "隔日 达"，远超直邮的 7-15 天时效。同时提供本地退换货、维修检测等增值服务，将退货处理周期从 1 个月 压缩至 3-5 天，客户满意度提升至 92% 以上，完美适配亚马逊、Shopee 等平台的服务考核标准。 智能协同的运营赋能 自主研发的仓储管理系统与主流电商平台订单 ...

Group 1 - Changyuan Power reported a power generation of 2.742 billion kWh in September, a year-on-year decrease of 41.88% [1] - The cumulative power generation from January to September was 27.332 billion kWh, down 8.24% year-on-year [1] - Huanyu Electronics achieved a consolidated revenue of 5.96 billion yuan in September, a year-on-year increase of 0.1% [1][2] Group 2 - Zhonghuan Environmental announced a change in controlling shareholder, with 27.5% of shares being transferred for a total consideration of 598 million yuan [2] - *ST Songfa's subsidiary signed contracts for the construction of 6 VLCCs, with a total contract value of approximately 600-900 million USD [1][3] - Suzhou Xinchen Technology's subsidiary plans to acquire 55% of Kunyu Lancheng for 74.25 million yuan [3] Group 3 - Guiguan Power reported a cumulative power generation of 31.848 billion kWh for the first three quarters, a year-on-year increase of 14.89% [4] - Jincheng Pharmaceutical's subsidiary received approval for the market launch of a raw material drug [4] - Shandong Steel expects a net profit of approximately 140 million yuan for the first three quarters, an increase of about 21.96 million yuan year-on-year [4][5] Group 4 - Xiangjia Co. reported sales revenue of 96.6186 million yuan from live poultry in September, with a sales price of 12.10 yuan/kg [6] - Aonong Bio's pig sales volume in September increased by 12.2% year-on-year, with a total of 164,400 pigs sold [7] - Mingtai Aluminum's aluminum plate and foil sales reached 1.1747 million tons in the first three quarters [8] Group 5 - Guangzhou Port expects to complete a container throughput of 2.051 million TEUs in September, a year-on-year decrease of 0.8% [11] - Jiangsu Sop plans to conduct a month-long maintenance on several production units starting October 10 [12] - Baike Bio received approval for a clinical trial of a combined vaccine for infants [13] Group 6 - Yutong Bus reported a 25.55% year-on-year increase in bus sales in September, totaling 4,756 units [16] - Shanghai Rural Commercial Bank's vice chairman and president's qualifications were approved [19] - Huayu Pharmaceutical's product received market approval in four countries [20] Group 7 - Longan Automobile reported a 24.92% year-on-year increase in vehicle sales in September, totaling 266,300 units [38] - Chip Origin expects a third-quarter revenue of 1.284 billion yuan, a year-on-year increase of 78.77% [39] - Bomaike signed a contract for an offshore floating production storage and offloading vessel project, with a contract value of approximately 190-240 million USD [40]

在美国跨境电商供应链体系中，海外仓承担着 "货品集散枢纽" 的核心角色，而卡车公司则是连接这一枢纽与港口、零售商、终端消费者的 "流动脉络"。二 者的合作并非简单的 "运输委托"，而是围绕 "高效履约、成本优化、风险可控" 形成的深度协同 —— 从集装箱到仓的头程接驳，到仓内货品的区域分拨， 再到末端的 B2B/B2C 配送，每一个环节的衔接质量，都直接决定着跨境商品的流通效率与消费者体验。 跨境物流的时效损耗，往往出现在 "货品到仓" 与 "运输出库" 的衔接环节。为解决这一问题，海外仓与卡车公司会建立 "预约到港 + 优先卸货" 机制：当集 装箱从港口提柜后，卡车公司会提前 24 小时向海外仓发送到仓预约，明确货品类型、数量及卸车需求；海外仓则根据预约顺序预留装卸工位与仓储空间， 避免卡车到仓后等待拥堵。数据显示，这种协同模式可将卸车效率提升 30%，大幅缩短货品从 "到港" 到 "可出库" 的间隔时间。 一、运力适配：从 "按需匹配" 到 "定制化供给" 海外仓的货品类型与流通需求，决定了卡车公司的运力供给逻辑。对于日常 B2B 补货场景（如向线下门店、区域分销中心配送），卡车公司会根据货品批 量提供 ...

Core Insights - The rapid growth of cross-border e-commerce has enhanced the local warehousing and distribution systems in Australia, with overseas warehouses becoming crucial links between Chinese sellers and the Australian market [1] Group 1: Warehousing Network and Functional Division - Multiple warehouses in Eastern Australia serve different purposes, such as Melbourne AU001 focusing on small item fulfillment and returns, Melbourne AU003 for large volume storage and sorting, and Brisbane AU005 for quick transshipment due to its proximity to the port [2] - These warehouses extend services beyond storage, including FBA relabeling, returns processing, and local delivery, enabling cross-border sellers to operate similarly to local businesses [2] Group 2: Transportation and Local Delivery - Efficient cross-border logistics rely on appropriate transportation methods, with air freight for urgent needs and sea freight for bulk shipments to reduce costs [2] - Upon arrival in Australia, goods can quickly reach end consumers through a localized delivery network, forming a closed-loop model of "first leg transport + overseas warehousing + local delivery" [2] Group 3: Core Service Highlights - Key services in warehouse operations include FBA transshipment and relabeling to mitigate risks of label mismatches, and direct fulfillment from overseas warehouses to reduce intermediaries [2] - Return and exchange management enhances after-sales efficiency and minimizes high costs associated with cross-border returns [3] Group 4: Digital Supply Chain Support - The application of information technology has transformed overseas warehouses from mere "transit points" to integrated nodes in a digital supply chain, allowing sellers to monitor inventory, order execution, and transport progress in real-time [5] Group 5: Industry Experience and Platform Recognition - Companies with extensive experience in Australia, such as Ningbo Parallel Line International Supply Chain, have gained significant recognition, including eBay's Gold Medal Certification for overseas warehouses in 2022 and entry into Amazon's SPN service provider system in 2024 [6] Group 6: Significance for Cross-Border Sellers - Overseas warehouses provide cross-border sellers with three main benefits: increased efficiency by shortening delivery times, flexibility through multi-channel transport and storage services, and stability via localized after-sales and return systems [7] - As the scale of cross-border e-commerce continues to grow, the role of Australian overseas warehouses will become more prominent, with their functions evolving to become indispensable in the cross-border supply chain [7]

2025年9月28日，以"聚链成势・破浪前行"为主题的2025跨境产业集群发展大会，在广州市白云区盛大 启幕。本次大会由广州市白云区跨境电商及物流促进会（简称"跨促会"）主办，广东拓威天海科技股份 有限公司（以下简称"拓威天海"）等跨境名企共同协办。 ·设计之都-跨境服务站：构建产业服务协同网络 除创新融合基地外，设计之都-跨境服务站在大会上正式签约成立。该服务站是由广州市白云区跨境电 商及物流促进会牵头，联合主流电商平台、知名跨境物流企业及行业专业服务机构，共同设立的跨境电 商全流程服务网络。 作为基地战略功能的延伸与补充，跨境服务站以"精准赋能、高效协同"为核心，聚焦企业出海过程中的 合规咨询、物流配套、平台入驻、人才培育等核心痛点，提供一站式解决方案。 ·龙永图：聚焦全球贸易格局重构，探寻跨境电商新机遇 作为跨境产业盛会，大会汇聚了学术、电商平台、跨境企业及服务商代表千余人，核心任务聚焦推 进"设计之都-跨境产业创新融合基地"与"设计之都-跨境服务站"两大项目落地，致力于以实际载体撬动 白云区跨境电商全产业链升级。中国复关及入世谈判首席谈判代表龙永图受邀出席，以宏观视角串联全 球贸易，为参与者带来一场酣 ...

Core Viewpoint - China National Freight Forwarding Co., Ltd. (China National Freight) has experienced a decline in stock price recently, with a notable drop of 2.14% on September 30, 2023, despite a year-to-date increase of 22.70% [1] Financial Performance - For the first half of 2025, China National Freight reported operating revenue of 50.523 billion yuan, a year-on-year decrease of 10.37%, while net profit attributable to shareholders was 1.947 billion yuan, showing a slight increase of 0.10% [2] - Cumulative cash dividends since the company's A-share listing amount to 9.719 billion yuan, with 5.657 billion yuan distributed over the past three years [3] Stock Market Activity - As of September 30, 2023, the stock price was 6.39 yuan per share, with a total market capitalization of 46.469 billion yuan [1] - The stock has seen significant trading activity, with a net outflow of 9.2945 million yuan in principal funds on the same day, and a total trading volume of 195 million yuan [1] - The stock has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on September 29, 2023, where net buying amounted to 9.7765 million yuan [1] Shareholder Structure - As of June 30, 2025, the number of shareholders increased to 50,500, with an average of 104,337 circulating shares per person, a decrease of 4.81% from the previous period [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 45.6223 million shares, a decrease of 13.5121 million shares from the previous period [3]