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。 （股份代號：6936） 2025年11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11月業務 經營簡報情況如下： | 項目 | | 2025年11月 | 2024年11月 | 同比變動 | | --- | --- | --- | --- | --- | | 1. | 速運物流業務 | | | | | | （人民幣億元） 營業收入 | 206.60 | 188.02 | 9.88% | | | －業務量 （億票） | 15.34 | 12.77 | 20.13% | | | （人民幣元） －單票收入 | 13.47 | 14.72 | -8.49% | | 2. | 供應鏈及國際業務 | | | | | | （人民幣億元） 營業收入 | 65.13 | 63.94 | 1.86% | ...

每经北京12月19日电（记者赵雯琪）有市场消息称，顺丰并未参与2026年抖音电商退货服务，系其主动 放弃该业务市场。后续，抖音电商退货履约将逐步由京东快递、中通快递、圆通快递等物流服务商承 接。对此，顺丰回应《每日经济新闻》记者称，顺丰与抖音电退业务合作合同自然到期终止，属于正常 商业行为。 封面图片来源：图片来源：每经原创 ...

对此，顺丰官方向新浪科技表示，顺丰与抖音电退业务合作合同自然到期终止，属于正常商业行为。 责任编辑：刘万里 SF014 新浪科技讯 12月19日晚间消息，据媒体报道，顺丰并未参与2026年抖音电商退货服务，系其主动放弃 该业务市场。相关报道指出，后续，抖音电商退货履约将逐步由京东、中通、圆通等物流服务商承接。 新浪科技讯 12月19日晚间消息，据媒体报道，顺丰并未参与2026年抖音电商退货服务，系其主动放弃 该业务市场。相关报道指出，后续，抖音电商退货履约将逐步由京东、中通、圆通等物流服务商承接。 对此，顺丰官方向新浪科技表示，顺丰与抖音电退业务合作合同自然到期终止，属于正常商业行为。 责任编辑：刘万里 SF014 ...

顺丰控股（002352）(002352.SZ)披露2025年11月快递物流业务经营简报，公司2025年11月速运物流业 务、供应链及国际业务合计收入为271.73亿元，同比增长7.85%。 公告称，速运物流业务收入同比增长9.88%，业务量同比增长20.13%。公司坚持可持续健康发展的经营 基调，推进激活经营进阶机制，以高品质服务和稳定运营交付，保障客户电商促销旺季的寄递需求，推 动业务高质量增长。 其中，速运物流业务营业收入206.6亿元，同比增长9.88%;业务量15.34亿票，同比增长20.13%。供应链 及国际业务营业收入65.13亿元，同比增长1.86%。 ...

公告称，速运物流业务收入同比增长9.88%，业务量同比增长20.13%。公司坚持可持续健康发展的经营 基调，推进激活经营进阶机制，以高品质服务和稳定运营交付，保障客户电商促销旺季的寄递需求，推 动业务高质量增长。 智通财经APP讯，顺丰控股(002352.SZ)披露2025年11月快递物流业务经营简报，公司2025年11月速运物 流业务、供应链及国际业务合计收入为271.73亿元，同比增长7.85%。 其中，速运物流业务营业收入206.6亿元，同比增长9.88%;业务量15.34亿票，同比增长20.13%。供应链 及国际业务营业收入65.13亿元，同比增长1.86%。 ...

人民财讯12月19日电，顺丰控股（002352）12月19日公告，公司2025年11月速运物流业务、供应链及国 际业务合计收入为271.73亿元，同比增长7.85%。其中速运物流业务收入同比增长9.88%，业务量同比增 长20.13%。公司坚持可持续健康发展的经营基调，推进激活经营进阶机制，以高品质服务和稳定运营 交付，保障客户电商促销旺季的寄递需求，推动业务高质量增长。 ...

顺丰控股公告，2025年11月速运物流业务收入为206.6亿元，同比增长9.88%，业务量为15.34亿票，同 比增长20.13%，单票收入为13.47元，同比下降8.49%。供应链及国际业务收入为65.13亿元，同比增长 1.86%。公司2025年11月速运物流业务、供应链及国际业务合计收入为271.73亿元，同比增长7.85%。速 运物流业务收入同比增长9.88%，业务量同比增长20.13%。 ...

格隆汇12月19日｜顺丰控股公告，公司2025年11月速运物流业务、供应链及国际业务合计收入为人民币 271.73亿元，同比增长7.85%。其中：速运物流业务收入同比增长9.88%，业务量同比增长20.13%。由于 国际贸易波动及货运市场需求趋缓，海运价格较去年同期明显回落，影响公司国际货运代理业务的收 入。但依托全球网络优势与丰富产品组合，公司灵活应对市场变化，积极把握企业出海新机遇，使得国 际货运代理业务货量保持稳定。国际快递及跨境电商物流业务收入同比保持较快增长。 ...

Core Insights - FedEx reported a strong quarter with revenues exceeding expectations, achieving a 7% increase in revenue and a 17% increase in earnings, prompting management to raise the lower end of their full-year forecast for both revenue and earnings [1][3][4] Financial Performance - The company achieved a revenue growth of 7% and a bottom line growth of 17% in the latest quarter [3] - Management has successfully implemented cost-cutting measures, removing $4 billion in costs over the last three years, with a target of an additional $1 billion for the current year [5][21] Business Strategy - FedEx is focusing on structural cost reduction and has seen positive results from its delivery network optimization efforts [2][5] - The company plans to spin off its freight division, which has been underperforming, indicating a strategic shift towards more profitable segments [2] Market Position - FedEx is positioning itself as a leader in B2B logistics, with 66% of its revenue coming from business-to-business operations, which typically have higher margins compared to B2C [12][14] - The company is experiencing growth in key verticals such as healthcare, aerospace, and defense, as well as in the emerging data center market [6][11] Technological Advancements - FedEx is investing in AI and robotics to enhance operational efficiency in its warehouses and delivery processes [7][8] - The company has modernized its fleet, resulting in a younger average age of aircraft compared to competitors, which supports its operational capabilities [33] Global Operations - FedEx is adapting to changing global trade patterns, particularly in Asia and Europe, and is seeing increased intra-Asia traffic and growth in B2B shipments [27][28] - The company has launched new direct flights and opened facilities in key international markets, enhancing its global logistics network [31]

Core Viewpoint - FedEx reported strong financial results for the quarter ended November 2025, with revenue and earnings exceeding analyst expectations, indicating robust underlying performance despite some mixed metrics in specific segments [1][2]. Financial Performance - Revenue for the quarter was $23.47 billion, reflecting a year-over-year increase of 6.8% [1]. - Earnings per share (EPS) reached $4.82, up from $4.05 in the same quarter last year, representing a significant increase [1]. - The reported revenue surpassed the Zacks Consensus Estimate of $22.86 billion by 2.64%, while the EPS exceeded the consensus estimate of $4.07 by 18.43% [1]. Key Metrics - FedEx's stock has returned +7.5% over the past month, outperforming the Zacks S&P 500 composite's +0.9% change [3]. - The company holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]. Segment Performance - Average daily package volume for international economy was 583 thousand, closely matching the analyst estimate of 583.31 thousand [4]. - Total international export average daily volume was 1.16 million, slightly above the estimate of 1.14 million [4]. - Revenue per package for international export composite was $53.15, exceeding the estimate of $52.10 [4]. - Revenue from the international economy package segment was $1.51 billion, slightly below the estimate of $1.53 billion, marking a year-over-year decline of 4.9% [4]. - Total international export package revenue was $3.89 billion, surpassing the estimate of $3.79 billion, with a year-over-year increase of 2% [4]. - U.S. priority package revenue was $2.84 billion, above the estimate of $2.73 billion [4]. - U.S. ground package revenue was $9.17 billion, exceeding the estimate of $8.85 billion [4]. - Overall revenue for the FedEx segment was $20.43 billion, above the estimate of $19.7 billion, reflecting an 8.5% year-over-year increase [4]. - FedEx Freight segment revenue was $2.14 billion, below the estimate of $2.19 billion, with a year-over-year decline of 1.8% [4]. - Revenue from other and eliminations was $897 million, below the estimate of $924.96 million, representing a year-over-year decline of 5.5% [4]. - International priority freight revenue was $617 million, below the estimate of $679.95 million, with a year-over-year decline of 3.6% [4].