Core Insights - The express delivery industry in Tibet is experiencing rapid growth, with significant increases in package delivery and consumer engagement [1][2] Group 1: Industry Growth - The overall express delivery volume in China is projected to grow from approximately 83 billion packages in 2020 to 175 billion packages by 2024, reflecting an annual growth rate of around 20% [1] - In Tibet, the annual order volume for SF Express has surged from about 4 million orders five years ago to 14 million orders last year, indicating a rise in consumer willingness and purchasing power [1] Group 2: Consumer Experience - The average delivery time for packages from other provinces has improved significantly, with many now arriving within 4 to 7 days, compared to previous delays [2] - The online retail sales in Tibet reached 18.07 billion yuan in the first half of 2025, marking a year-on-year increase of 38.6%, with physical goods accounting for 86.1% of this total, also showing a growth of 39.3% [1] Group 3: Logistics Innovations - SF Express has implemented a "land + air" transportation model to enhance efficiency and reduce costs, while local postal authorities encourage the establishment of local and remote warehouses to lower overall logistics costs [2] - The government is actively supporting the development of a modern delivery logistics system extending to rural areas, providing subsidies for the construction of grassroots logistics systems [2]

本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导性陈述或者重大遗 漏。 根据《深圳证券交易所上市公司自律监管指引第3号—行业信息披露》的有关规定，公司现披露2025年 11月份相关数据信息如下： 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002468 证券简称：申通快递 公告编号：2025-090 根据公司于2025年11月4日在巨潮资讯网（www.cninfo.com.cn）披露的《关于收购浙江丹鸟物流科技有 限公司100%股权的进展公告》（公告编号：2025-082），公司收购的浙江丹鸟物流科技有限公司（以 下简称"丹鸟物流"）100%股权已经完成工商变更登记手续，丹鸟物流及下属控股子公司自2025年11月 起纳入公司的合并报表范围。丹鸟物流作为国内品质快递及逆向物流服务提供商，其并入公司合并报表 后，公司整体的快递业务量及快递服务收入规模将进一步增长。其中，11月份公司快递业务量同比增长 14.67%，快递服务单票收入同比增长15.87%。 申通快递股份有限公司董事会 2025年12月20日 上述快递服务单票收入计算如有差异为四舍五入原因所致。上述数据未经审计 ...

Core Insights - The company has completed the acquisition of 100% equity in Zhejiang Daniao Logistics Technology Co., Ltd., which will enhance its overall express delivery business volume and revenue starting from November 2025 [1] Group 1: Acquisition Details - The acquisition of Daniao Logistics has been officially registered, and its financials will be consolidated into the company's reports from November 2025 [1] - Daniao Logistics is recognized as a domestic quality express and reverse logistics service provider, which is expected to contribute positively to the company's performance [1] Group 2: Performance Metrics - In November 2025, the company's express delivery volume increased by 14.67% year-on-year [1] - The average revenue per express service ticket rose by 15.87% year-on-year [1]

Core Viewpoint - YTO Express has released its main operational data for November 2025, indicating the company's performance in the express delivery sector [1] Group 1: Company Overview - YTO Express Co., Ltd. has announced its major operational data for November 2025 [1] - The data provided is unaudited, and investors are advised to be cautious regarding investment risks [1] Group 2: Operational Data - The announcement includes key metrics related to the company's express delivery business for the specified month [1]

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on FedEx (FDX), and highlights the importance of using these recommendations in conjunction with other analytical tools like the Zacks Rank. Brokerage Recommendations for FedEx - FedEx has an average brokerage recommendation (ABR) of 1.96, indicating a position between Strong Buy and Buy, based on recommendations from 30 brokerage firms [2] - Out of the 30 recommendations, 16 are Strong Buy and 2 are Buy, which account for 53.3% and 6.7% of all recommendations respectively [2] Limitations of Brokerage Recommendations - Solely relying on brokerage recommendations for investment decisions may not be wise, as studies show limited success in guiding investors towards stocks with the best price increase potential [5] - Brokerage firms often exhibit a strong positive bias in their ratings due to vested interests, leading to a disproportionate number of Strong Buy recommendations compared to Strong Sell [6][11] Zacks Rank as an Alternative - The Zacks Rank categorizes stocks into five groups based on earnings estimate revisions, providing a more effective indicator of a stock's price performance in the near future [8][12] - The Zacks Rank is timely and reflects changes in earnings estimates quickly, unlike the ABR which may not be up-to-date [13] Current Earnings Estimates for FedEx - The Zacks Consensus Estimate for FedEx's current year earnings has increased by 0.4% over the past month to $18, indicating growing optimism among analysts [14] - This increase in consensus estimates, along with other factors, has resulted in a Zacks Rank 2 (Buy) for FedEx, suggesting a positive outlook for the stock [15]

Core Viewpoint - YTO Express emphasizes the importance of employee compensation and rights protection, while advancing digitalization, standardization, and performance management across its network [1] Group 1: Employee Compensation and Rights - The company is committed to improving the compensation management system for its couriers and optimizing performance assessments [1] - Various initiatives, such as the "Warm Bee Action" series, training systems, customized insurance, and logistics support reforms, are implemented to address couriers' challenges and enhance their sense of happiness, recognition, and belonging [1] Group 2: Compliance and Operations - YTO Express prioritizes integrity and legal compliance as the foundation of its operations, continuously strengthening governance and improving operational standards [1] - The company is currently operating normally, with positive business development [1]

Core Viewpoint - The company emphasizes that the national-level policies aimed at addressing "involution" competition have created a favorable environment for high-quality development in the industry [1] Group 1: Industry Trends - The ongoing implementation of measures against "involution" competition has led to a reasonable recovery in express delivery terminal prices [1] - Market share is gradually concentrating among companies that offer better service quality, customer experience, stronger management capabilities, and healthier networks [1] Group 2: Competitive Landscape - As policies related to the comprehensive rectification of "involution" competition continue to advance, major express service companies are expected to steadily consolidate their core competitive advantages [1] - The disparity in overall competitiveness among companies will further widen, leading to a sustained trend of differentiation in the competitive landscape [1]

Company News - SF Holding (06936.HK) reported a total revenue of 27.173 billion yuan for its express logistics, supply chain, and international business in November, representing a year-on-year growth of 7.85%. The express logistics business revenue grew by 9.88%, with a business volume increase of 20.13% [2] - Capital Investment (02324.HK) expects to achieve an unaudited consolidated net profit of approximately 115 million to 140 million HKD for the fiscal year ending September 30, 2025, marking a turnaround from losses, primarily due to the performance of listed equity investments [2] - Tianqi Lithium (09696.HK) has completed the construction of the third phase of its chemical-grade lithium concentrate expansion project and has officially commenced trial production [2] - Qingdao Port (06198.HK) plans to purchase two assets from the Qingdao Shipping Financial Center for the development of a cruise port [2] - CanSino Biologics (06185.HK) has initiated Phase I clinical trials for its DTCP–HIb–MCV4 combined vaccine and completed the enrollment of the first subject [2] - Fuhong Hanlin (02696.HK) received approval from the U.S. Food and Drug Administration for its application for the Phase I clinical trial of HLX18, a biosimilar to Nivolumab for the treatment of various solid tumors [2] - China National Nuclear Corporation (01763.HK) announced that its subsidiary, CNNC Haidewei, has received clinical approval for its BNCT boron drug [2] - Hisense Home Appliances (00921.HK) subscribed to a financial product from Jingu Trust for 1.892 billion yuan [2] Acquisition and Disposal - Evergrande Property (06666.HK) has received several updated non-binding offers from selected bidders, which the liquidators are currently considering [3] - Ruian Construction (00983.HK) has completed the sale of Ruian Property Management Services Co., Ltd. [4] - Tianjin Port Development (03382.HK) plans to purchase ten gantry cranes for 185 million yuan [5] Buyback Activities - Tencent Holdings (00700.HK) repurchased 1.036 million shares at a cost of 636 million HKD, with buyback prices ranging from 607 to 617 HKD [5] - Xiaomi Group-W (01810.HK) repurchased 3.75 million shares for 152 million HKD, with buyback prices between 40.42 and 40.56 HKD [6] - COSCO Shipping Holdings (01919.HK) repurchased 3.9655 million shares for 53.6689 million HKD, with buyback prices ranging from 13.47 to 13.73 HKD [6] - Kuaishou-W (01024.HK) repurchased 755,000 shares for 49.9509 million HKD, with buyback prices between 65.4 and 66.6 HKD [7]

圆通速递(600233.SH)发布公告，公司2025年11月快递产品收入64.74亿元，同比增长11.08%;业务完成量 为28.86亿票，同比增长13.55%;快递产品单票收入为2.24元，同比下降2.17%。 ...

韵达股份（002120）(002120.SZ)披露2025年11月快递服务主要经营指标，公司2025年11月快递服务业 务收入46.98亿元，同比增长2.17%;完成业务量21.75亿票，同比下降4.19%;快递服务单票收入2.16元，同 比增长6.40%。 ...