Core Viewpoint - SF Holding (002352.SZ) reported a revenue of 20.396 billion RMB for its express logistics business in January, with a total revenue of 26.860 billion RMB from express logistics, supply chain, and international business, reflecting a year-on-year growth of 2.22% [1] Group 1: Business Performance - The company maintains a sustainable and healthy development approach, enhancing operational mechanisms and dynamically adjusting market strategies to meet diverse logistics needs with high-quality services [1] - Despite a year-on-year decline in international shipping prices affecting the growth rate of international freight and agency business revenue, the company leveraged its global network and diverse product offerings to adapt to market changes and seize new opportunities for enterprises going abroad, resulting in a year-on-year increase in international freight forwarding revenue [1] - Revenue from supply chain business, international express, and cross-border e-commerce logistics maintained rapid growth, driving a year-on-year increase of 17.23% in overall supply chain and international business revenue [1]

Core Viewpoint - The company reported a total revenue of RMB 26.86 billion for its express logistics, supply chain, and international business in January 2026, reflecting a year-on-year growth of 2.22% [1] Group 1: Business Performance - The company maintains a sustainable and healthy development approach, enhancing operational mechanisms and dynamically adjusting market strategies to meet diverse logistics needs with high-quality services [1] - Despite a year-on-year decline in international shipping prices affecting the growth rate of international freight and agency business revenue, the company leveraged its global network and diverse product offerings to adapt to market changes [1] - The revenue from the supply chain business, international express, and cross-border e-commerce logistics experienced rapid growth, contributing to a year-on-year increase of 17.23% in overall supply chain and international business revenue [1]

Core Viewpoint - The company reported a total revenue of RMB 26.86 billion for its express logistics, supply chain, and international business in January 2026, reflecting a year-on-year growth of 2.22% [1] Group 1: Business Performance - The company maintains a sustainable and healthy development approach, enhancing operational mechanisms and dynamically adjusting market strategies to meet diverse logistics needs with high-quality services [1] - Despite a year-on-year decline in international shipping prices affecting the growth rate of international freight and agency business revenue, the company leveraged its global network and diverse product offerings to adapt to market changes and seize new opportunities for enterprises going abroad, resulting in a year-on-year increase in international freight forwarding revenue [1] - Revenue from supply chain business, international express, and cross-border e-commerce logistics maintained rapid growth, driving a year-on-year increase of 17.23% in overall supply chain and international business revenue [1]

Core Viewpoint - SF Holding (002352)(06936) reported a total revenue of RMB 26.86 billion for its express logistics, supply chain, and international business in January 2026, representing a year-on-year growth of 2.22% [1] Group 1: Business Performance - The company maintains a sustainable and healthy development approach, upgrading its operational mechanisms and dynamically adjusting market strategies to meet diverse logistics needs with high-quality services [1] - Despite a year-on-year decline in international shipping prices affecting the growth rate of international freight and agency business revenue, the company leveraged its global network and diverse product offerings to adapt to market changes [1] - The revenue from the international freight forwarding business increased year-on-year, supported by the company's proactive engagement in new opportunities for enterprises going abroad [1] Group 2: Revenue Growth in Specific Segments - The supply chain business, international express, and cross-border e-commerce logistics segments experienced rapid revenue growth, contributing to a year-on-year increase of 17.23% in overall supply chain and international business revenue [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。 1 1. 速運物流業務：主要包括公司的時效快遞、經濟快遞、快運、冷運及醫藥，及同城即時 配送業務板塊。 2. 供應鏈及國際業務：主要包括公司的國際快遞、國際貨運及代理，及供應鏈業務板塊。 3. 以上收入不含公司其他非物流業務收入。 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） 2026 年 1 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2026年1月業 務經營簡報情況如下： | 項目 | | 2026年1月 | 2025年1月 | 同比變動 | | --- | --- | --- | --- | --- | | 1. | 速運物流業務 | | | | | | （人民幣億元） 營業收入 | 203.96 ...

Core Viewpoint - SF Holding announced that the combined revenue from express logistics, supply chain, and international business for January 2026 is expected to be RMB 26.86 billion, representing a year-on-year growth of 2.22% [1] Group 1: Express Logistics Business - The revenue from the express logistics business is RMB 20.396 billion, showing a year-on-year decline of 1.77% [1] - The business volume reached 1.386 billion parcels, reflecting a year-on-year increase of 4.21% [1] - The revenue per parcel is RMB 14.72, which is a year-on-year decrease of 5.70% [1] Group 2: Supply Chain and International Business - The revenue from supply chain and international business is RMB 6.464 billion, indicating a year-on-year growth of 17.23% [1]

Core Viewpoint - SF Holding announced that its revenue from express logistics, supply chain, and international business for January 2026 reached RMB 26.86 billion, representing a year-on-year growth of 2.22% [1] Group 1: Revenue Breakdown - Revenue from express logistics business amounted to RMB 20.396 billion, showing a year-on-year decline of 1.77% [1] - The business volume for express logistics was 1.386 billion parcels, reflecting a year-on-year increase of 4.21% [1] - The average revenue per parcel for express logistics was RMB 14.72, which is a year-on-year decrease of 5.70% [1] Group 2: Supply Chain and International Business - Revenue from supply chain and international business reached RMB 6.464 billion, marking a year-on-year growth of 17.23% [1]

Core Viewpoint - A federal judge in Texas has halted a regulation aimed at expanding the information required for corporate merger reviews, stating that the regulation exceeds the authority of the Federal Trade Commission (FTC) [1][2]. Group 1: Regulation Details - The regulation, finalized in 2024, was intended to provide the FTC and the Department of Justice with more information related to merger transactions [1][2]. - Some dealmakers rushed to submit approval applications before the regulation's effective date in February last year to avoid its disclosure requirements [1][2]. Group 2: Legal Ruling - Judge Jeremy Kernodle, appointed by former President Donald Trump, ruled that the FTC failed to demonstrate that the benefits of the regulation outweighed its costs [1][2]. - In his ruling, Kernodle noted that while the FTC claimed the regulation would help identify illegal mergers and save agency resources, it did not provide sufficient evidence to support these assertions [1][2]. Group 3: Responses - The U.S. Chamber of Commerce expressed satisfaction with the court's decision to reject the Biden administration's stringent merger disclosure costs [2][4]. - A spokesperson for the FTC stated that they are reviewing the ruling and assessing potential responses, while also labeling the U.S. Chamber of Commerce as a left-wing radical organization [3].

Core Viewpoint - FedEx (FDX.US) shares rose over 3%, reaching a record high of $378.75, driven by strong earnings expectations and ambitious financial targets for fiscal year 2029 [1] Financial Performance - FedEx anticipates adjusted earnings of $3.99 for the third fiscal quarter ending in February, surpassing market expectations [1] Future Financial Goals - The company has set financial targets for fiscal year 2029, including consolidated revenue of $98 billion, operating income of $8 billion, and an operating margin of 8% [1]

Core Viewpoint - The article highlights the significant growth of e-commerce in Hebei province, projecting a retail sales total of 15,483.2 billion yuan by 2025, with a year-on-year growth rate of 5.6%, surpassing the national average by 1.9 percentage points, making it the second highest in the country [1] Group 1: E-commerce Growth and Impact - Hebei's online retail sales are expected to reach 5,100.6 billion yuan in 2025, reflecting a year-on-year increase of 8.9%, indicating a shift towards online consumer behavior [1] - The province's e-commerce initiatives are designed to connect production and consumption, creating a new economic artery that enhances value circulation [1] - The "One Product, One Broadcast" initiative in Handan has successfully converted live streaming traffic into sales, with total sales reaching 1.06 billion yuan by 2025 [2] Group 2: Policy and Infrastructure Development - The provincial government has implemented a three-year action plan to support county-level specialty industries through e-commerce, focusing on 107 provincial specialty industry clusters [1] - A series of actions, including "Thousand Enterprises, Ten Thousand Stores" and "Silk Road E-commerce," aim to enhance the integration of traditional businesses with online platforms, resulting in over 20,000 new online businesses in the province by 2025 [3] - The establishment of logistics centers and the improvement of logistics infrastructure are critical to supporting e-commerce growth, with a goal of achieving 85% coverage of rural express delivery points [4] Group 3: Logistics and Supply Chain Optimization - The development of a regional shared cloud warehouse system in Zhangjiakou aims to optimize logistics and reduce costs through centralized resource utilization [5] - The province's express delivery volume exceeded 10 billion packages last year, making it the fourth province in China to achieve this milestone, showcasing the effectiveness of logistics upgrades [6] - The establishment of a comprehensive logistics ecosystem, including product development, processing, and financial services, is underway in the Luanping E-commerce Logistics Shared Manufacturing Industrial Park [4]