于2025年年度，包裹量合计301.287亿件，同比增长22.2%。其中，东南亚、中国及新市场包裹量同比分 别增长67.8%、11.4%及43.6%。 极兔速递-W(01519)公布，于2025年第四季度，包裹量合计84.61亿件，同比增长14.5%。其中，东南 亚、新市场包裹量同比分别增长73.6%、79.7%。 ...

極兔速遞環球有限公司 （於 開 曼 群 島 註 冊 成 立 以 不 同 投 票 權 控 制 的 有 限 責 任 公 司） 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 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 J&T Global Express Limited （股 份 代 號：1519） 自願公告 2025年第四季度經營數據匯報 極兔速遞環球有限公司（「本公司」）董事會（「董事會」）謹此宣佈本公司及其附屬 公司及關聯併表實體截至2025年12月31日 止 季 度 之 業 務 及 運 營 情 況。 第 一 部 分：業 務 情 況 | | | | | | | | | 截 | 至12月31日止三個月 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | 2025年 | 2024年 | 同比 | | 東南亞 | | ...

（来源：工人日报） 前不久，第五届全国邮政行业职业技能竞赛落幕，来自山西省太原市邮政分公司的张通斩获"快递员职 业"一等奖。在6年的从业经历中，张通用脚步丈量城市，用匠心诠释职业价值，不仅成为行业顶尖的技 能标杆，还成为独当一面的揽投部经理，在平凡的邮路上走出了不平凡的人生轨迹。 2025年，张通凭借精湛的业务技能，在全省邮政快递业职工职业技能竞赛中荣获第一名，随后在全国邮 政行业职业技能竞赛中更是一举夺魁。这些荣誉正是对他多年潜心钻研、精益求精的最好印证，也是他 一个一个包裹准确送达下的经验积累。 张通2019年刚加入邮政系统时，面对太原市内错综复杂的街巷，常常迷失方向。"那时候最怕听到客户 说你怎么又送错了、怎么还没到，心里特别着急。"回忆起刚入行时的窘迫，张通坦言道路不熟悉是难 题。 为了服务好客户，张通开始了他的"地图绘制工程"。每天下班后，他骑着电动车，带着笔记本，一条街 一条巷地熟悉环境。哪个小区有几个出入口，哪栋楼是单号哪栋是双号，甚至连哪些老客户白天有人、 哪户需要晚上送货，他都一一记录在册。 "通哥是个'活地图'，脑子里就像装了个导航系统。"同事小李佩服地说，"有一次我送一个包裹，地址写 得 ...

Core Viewpoint - The article highlights the efforts of the Guangzhou Federation of Trade Unions to provide legal support and rights protection for new employment forms, such as delivery workers and ride-hailing drivers, through innovative solutions like the "Union Digital Person" and a comprehensive legal supervision system [1][2][4]. Group 1: Legal Support Initiatives - The Guangzhou Federation of Trade Unions has deployed 40 "Union Digital Person" machines across the city to offer legal consultation services to workers [1]. - Over 40 industry union federations have been established in key new employment sectors, with approximately 350,000 members, to enhance legal supervision and resolve industry disputes [2]. - The "One Letter, Two Documents" system has been implemented to address common issues in labor relations, with specific measures like rest and vacation reminders for delivery workers [2][3]. Group 2: Cross-Department Collaboration - The Federation has collaborated with the Tax Bureau to create a multi-faceted dispute resolution mechanism for social insurance fee conflicts, establishing a rapid response work station in Baiyun District [3]. - Joint efforts with the Transportation Bureau have led to the publication of industry self-regulation agreements and rental contract templates to ensure the protection of ride-hailing drivers' rights [3]. Group 3: Technological Integration - The Federation has expanded online and smart channels for conflict resolution, including the establishment of 24-hour self-service union stations and the "Tongxin Club" WeChat mini-program for truck drivers [4]. - A rapid response hotline for ride-hailing disputes has processed nearly 13,000 cases since its launch, achieving a completion rate of 99% [4]. Group 4: Industry Standardization - The Federation aims to not only resolve individual complaints but also to promote industry-wide labor standards, as evidenced by a decrease in labor disputes in the Baiyun District's e-commerce sector by 3.92% after implementing legal supervision measures [6]. - The "New Era Fengqiao Experience" labor practice stations provide comprehensive services, including legal advice and skills training, to new employment form workers [7].

去年7月，国家邮政局召开快递企业座谈会，正式提出"反内卷"[12]，电商宇宙中心义乌率先响应，快 递底价上调幅度高达1毛钱，随后广东跟进，底价涨至1.4元。 各大快递公司争相借坡下驴，截至11月，全国已经有22个省上调了快递价格。 2016年前后，快递企业扎堆上市，眼见终局将来，单票价格也有望站稳3元以上，形势似乎一片大好； 四年后的行业大会上，中通董事长痛心疾首[7]，宣布单票价格进入2元时代。 如此开团秒跟，全因快递行业已经被卷麻了。单票价格提不上来，增收不增利的困境在通达系内蔓延， 即便体面如顺丰，下半年利润也承压下滑。 其实早在2019年，快递公司就曾见过希望的曙光。当时快递单票价格降幅已经趋缓，六大主要企业的 市占率提到80%以上。 怎么先内卷的是你，到头来先享福的也是你？ 怎料天空一声巨响，留子闪亮登场。 东南亚起家的极兔回国起网，以一己之力把快递行业的价格战拖 进了加时赛。 冰火两重天 从财务表现来看，极兔的营收和利润都不足顺丰的零头，刚挣扎着爬上盈利线。 一句话概括中国快递行业与极兔的关系： 衡中学生惨遭归国留子插班 。 一眨眼过去五年，这边同行们借着这轮反内卷喘息片刻，那头的卷王极兔却开起了 ...

Core Viewpoint - The article highlights the rise of the express delivery industry in China, particularly focusing on the "Three Links and One Reach" (Shentong, Yunda, Yuantong, and Zhongtong) and their roots in the small county of Tonglu, Zhejiang, which is recognized as the "Hometown of Private Express" in China [6][7][12]. Group 1: Industry Overview - The "Three Links and One Reach" companies dominate the Chinese express delivery market, holding over 60% market share as of 2024 [6]. - Tonglu County is set to become a significant logistics hub with the establishment of "Tongda Future City," which will house the second headquarters of the "Three Links and One Reach" companies [9][10]. - The logistics industry in Tonglu is expected to form a large industrial cluster, attracting numerous upstream and downstream enterprises [12][56]. Group 2: Historical Context - The founders of the "Three Links and One Reach" companies originated from Tonglu, with a notable figure being Nie Tengfei, the founder of Shentong, who is regarded as the pioneer of private express delivery in China [14][17][22]. - The express delivery business began in the early 1990s, with Shentong being one of the first private companies to break the monopoly of the postal service [22][23]. - The initial success of Shentong was driven by a small team that effectively utilized local resources and community trust to expand their operations [27][36]. Group 3: Recent Developments - The "Tongda Future City" project, with a total investment of 13 billion yuan, aims to integrate technology and logistics, featuring various headquarters and innovation centers [52][54]. - The city is expected to focus on technological innovation, with companies like Chenchen Technology and Zhejiang Inline Power establishing operations to enhance logistics efficiency [56][57]. - The development of "Tongda Future City" represents a significant shift from labor-intensive to technology-driven logistics solutions, showcasing the evolution of the industry in Tonglu [63].

Group 1 - In 2025, the express delivery industry in China experienced significant stock price fluctuations, with Shentong Express leading the A-share market with a 33.36% increase, followed by YTO Express at 18.73%, and Jitu Express achieving a remarkable 70% increase in H-shares [1][3] - The overall express delivery business volume in China surpassed 180 billion packages by November 30, 2025, reflecting strong market vitality and economic growth [13] - Major listed express companies reported substantial growth in business volume, with SF Express exceeding 10 billion packages for the first time, Jitu surpassing 15 billion, YTO exceeding 20 billion, and Zhongtong surpassing 25 billion [14] Group 2 - The express delivery industry is shifting from a focus on price competition to a value-driven approach, emphasizing quality and digital transformation [3][4] - The National Postal Administration held discussions to address "involution" in the industry, promoting high-quality development and raising the minimum price for express services [5][7] - Companies are increasingly investing in automation and smart logistics, with major players like JD Logistics and SF Express developing advanced technologies to enhance efficiency and service quality [10][12] Group 3 - Revenue growth among major express companies varied, with SF Express reporting a revenue of 225.26 billion yuan, a year-on-year increase of 8.89%, while Shentong achieved 38.57 billion yuan, up 15.17% [15][17] - Despite overall revenue growth, profit margins are under pressure due to rising costs and intense competition, highlighting the need for improved operational efficiency [18][20] - The competitive landscape is expected to evolve, with a greater emphasis on service quality, supply chain solutions, and technological capabilities in the coming years [20]

Group 1 - The core viewpoint of the news is that SF Holding has shown a positive stock performance recently, with a 2.07% increase in stock price on January 6, reaching 39.04 yuan per share, and a total market capitalization of 196.739 billion yuan [1] - As of September 30, the number of shareholders of SF Holding increased by 90.71% to 269,700, while the average circulating shares per person decreased by 47.83% to 17,702 shares [2] - For the period from January to September 2025, SF Holding achieved operating revenue of 225.261 billion yuan, representing a year-on-year growth of 8.89%, and a net profit attributable to shareholders of 8.308 billion yuan, up 9.07% year-on-year [2] Group 2 - SF Holding has distributed a total of 21.483 billion yuan in dividends since its A-share listing, with 15.351 billion yuan distributed in the last three years [3] - As of September 30, 2025, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 259 million shares, a decrease of 90.556 million shares from the previous period [3] - The seventh-largest circulating shareholder is Huatai-PB CSI 300 ETF, holding 40.991 million shares, down by 1.8831 million shares from the previous period [3]

当发现快递可能丢失、损坏或严重延误时，保持冷静并按步骤处理： 三、投诉维权的主要正规渠道 如果与快递公司沟通无果或对方推诿，消费者可以转向以下正规渠道投诉： 1. 向快递企业总部投诉 每家快递公司都有官方客服热线和在线投诉渠道。这是最直接的升级投诉方式。将问题、证据和 之前沟通的经过整理清楚后，向总部投诉往往比与基层网点纠缠更有效。注意保留总部客服的工 单号，以便后续跟进。 快递服务如今已成为现代生活不可或缺的一部分，但随之而来的快递丢失、损坏、延误等问题也屡见不 鲜。当价值不菲的包裹在运输途中出现问题，消费者往往陷入与快递公司的拉锯战，维权过程费时费 力。其实，通过一些事前防范措施和正确的投诉途径，可以大大降低此类风险，或在问题发生后更有效 地维护自身权益。 一、快递消费的常见"陷阱"与事前防范 在快递服务中，消费者常遇到的问题主要包括： 二、遇到问题，第一步该做什么？ 2. 向邮政管理部门申诉（最权威的行业监管渠道） 国家邮政局申诉网站和12305申诉电话，是邮政业消费者申诉的专门渠道。根据《邮政业消费者申 1. 包裹丢失：快递显示已揽收，但后续物流信息停滞或直接显示"异常"，包裹不知所踪。 2. 物品损 ...

招商证券发布研报称，2025年快递需求增长超预期，反内卷推动价格触底回升。行业估值总体处于低 位，看好行业有序竞争、总体竞争强度趋于缓和、格局逐步优化、盈利中枢提升。头部公司兼具经营确 定性高、现金流稳定、资产负债率低等优势，具有准红利属性;关注行业中尾部公司在较低的盈利基数 上，经营及管理优化，有望实现更高的盈利弹性。 2)反内卷政策推动行业价格触底回升、同比跌幅收窄。2025上半年由于主要公司份额诉求较强、行业竞 争加剧，行业价格跌幅较大，其中Q1-Q2行业均价同比分别下跌8.8%、6.8%，Q3w以来反内卷政策推动 行业价格跌幅收窄，Q3平均价格同比跌幅收窄至5.8%，环比回升0.5%，Q4以来10-11月单价同比下降 5.8%，环比提升1.7%。 3)公司维度，顺丰及圆通市占率提升。2025年年初以来，顺丰受益于激活经营、业务量快速增长，市占 率同比提升较快，Q3市占率同比提升1.3%;圆通由于较积极的价格策略，市占率总体处于提升状态，Q3 同比提升0.2%。 快递板块投资策略：行业估值总体处于低位，看好行业有序竞争、总体竞争强度趋于缓和、格局逐步优 化、盈利中枢提升 1)需求端，有望持续受益电商市场 ...