格隆汇11月28日丨中通快递-W(02057.HK)公告，于2025年11月28日，中通航空(公司的并表附属实体)与 中通云冷及浙江星联订立股权转让协议，据此，中通航空同意购买，而中通云冷同意出售浙江星联 100%股权，总代价为人民币1.78亿元。 由于浙江星联的主营业务为航空货运服务，收购将提升集团的端到端境内外航空物流能力，并将增强集 团在航空货运服务领域的整体竞争力。董事(包括独立非执行董事)认为，此次收购符合集团日常及一般 业务的运营流程，特别是该收购涉及组建中通航空以优化运营及组织协同效应。经计及浙江星联基于估 值报告的评估价值及浙江星联于估值基准日的财务状况後，公司认为收购的代价属公平合理。 此外，收购完成後，浙江星联将成为公司并表附属实体中通航空的全资子公司，其财务业绩将全面并人 集团财务业绩。因此，鉴于浙江星联的稳定运营及往绩盈利，收购预期将增厚集团的业绩并提升对股东 的回报。 ...

由于浙江星联的主营业务为航空货运服务，收购将提升本集团的端到端境内外航空物流能力，并将增强 本集团在航空货运服务领域的整体竞争力。董事(包括独立非执行董事)认为，此次收购符合本集团日常 及一般业务的运营流程，特别是该收购涉及组建中通航空以优化运营及组织协同效应。 此外，收购完成后，浙江星联将成为本公司并表附属实体中通航空的全资子公司，其财务业绩将全面并 入本集团财务业绩。因此，鉴于浙江星联的稳定运营及往绩盈利，收购预期将增厚本集团的业绩并提升 对股东的回报。 截至本公告日期，中通云冷持有浙江星联100%股权。收购完成后，本集团将持有浙江星联100%股权。 浙江星联将成为本公司一家并表附属实体的子公司，其财务业绩亦将并入本集团的财务业绩。 中通快递-W(02057)发布公告，于2025年11月28日，中通航空(本公司的并表附属实体)与中通云冷及浙 江星联订立股权转让协议，中通航空同意购买，而中通云冷同意出售浙江星联100%股权，总代价为人 民币1.78亿元。 ...

此外，收购完成后，浙江星联将成为本公司并表附属实体中通航空的全资子公司，其财务业绩将全面并 入本集团财务业绩。因此，鉴于浙江星联的稳定运营及往绩盈利，收购预期将增厚本集团的业绩并提升 对股东的回报。 截至本公告日期，中通云冷持有浙江星联100%股权。收购完成后，本集团将持有浙江星联100%股权。 浙江星联将成为本公司一家并表附属实体的子公司，其财务业绩亦将并入本集团的财务业绩。 由于浙江星联的主营业务为航空货运服务，收购将提升本集团的端到端境内外航空物流能力，并将增强 本集团在航空货运服务领域的整体竞争力。董事(包括独立非执行董事)认为，此次收购符合本集团日常 及一般业务的运营流程，特别是该收购涉及组建中通航空以优化运营及组织协同效应。 智通财经APP讯，中通快递-W(02057)发布公告，于2025年11月28日，中通航空(本公司的并表附属实体) 与中通云冷及浙江星联订立股权转让协议，中通航空同意购买，而中通云冷同意出售浙江星联100%股 权，总代价为人民币1.78亿元。 ...

Core Insights - The new smart cargo station covers an area of approximately 36,000 square meters and embodies the principles of intelligence, digitization, and automation, integrating advanced logistics technologies to fill industry gaps and establish a fully intelligent operational system [1][4]. Group 1 - The application of a series of unmanned, intelligent, and digital technologies in key operational processes enhances both efficiency and safety [3]. - The project has achieved an iterative upgrade in operational capacity and technical level across the entire process from collection, security inspection, storage to loading and departure [3]. - After the project is put into operation, the human intervention in the cargo displacement process will be reduced by nearly 50%, significantly decreasing the points of intersection between people and vehicles, thereby enhancing safety and operational efficiency [6].

直飞货运航线的开通，不仅仅为了跨境电商 当前外贸领域呈现出"冰火两重天"的景象：一边是传统外贸遭遇旺季"不旺"的寒意，另一边是跨境电商 的逆势增长。面对外贸格局的深刻变革与业态迭代，近期多条直飞货运航线密集启航，全力抢滩今年的 海外消费旺季，为"中国货通全球"加速。 支撑跨境电商 11月21日，一架B767全货机满载50吨跨境电商货物，从温州龙湾国际机场飞往乌兹别克斯坦首都塔什 干。这标志着温州首条直飞中亚的国际航空货运航线正式开通。这也是继今年7月杭州往来塔什干全货 机航线开通以来的又一条浙江省直达中亚地区的货运航线。 这条从温州直飞中亚的货运航线，首航搭载的货物以跨境电商商品为主。瞄准"黑五"、圣诞等海外消费 旺季，直航通道的打通为浙江及周边地区跨境电商企业抢占市场提供了更强的供应链保障，也进一步增 强了本地外贸企业的国际竞争力。 与此同时，这条直飞中亚的货运航线，帮助温州机场补齐了版图——"十四五"期间开通的11条国际货运 航线，让其航空货运网络实现了东南亚、东北亚、中亚三大区域的全覆盖，为辐射欧洲市场搭建了重要 中转平台。 据新华社报道，8月乌鲁木齐直飞乌兹别克斯坦的国际货运航线开通，装载着50多吨的 ...

11月23日，记者从国货航获悉，国货航在成都新开通了直飞英国格拉斯哥全货机航线，于北京时间11月 22日成功首航。据了解，该航线采用A330全货机执飞，计划每周运营四班，架通我国西南地区与英国 北部之间的空中货运桥梁，为中欧经贸往来提供新捷径。 据介绍，格拉斯哥为苏格兰第一大城市，也是英国第三大制造业城市。该条全货机航线连通成都双流机 场与格拉斯哥普雷斯蒂克机场两个航点，是国货航在欧洲区域网络布局的关键延伸，也为其拓展欧洲核 心货运市场迈出坚实一步。这条点对点的直达航线，将为出口的跨境电商、电子信息、高端装备制造等 产业货物提供有力支撑，进一步激发我国西南地区开放型经济的发展活力。 与以往飞往英国的货物主要经由伦敦入境不同，成都双流直飞格拉斯哥航线开通后，可直抵苏格兰并辐 射英格兰西北地区。这不仅有助于分流英国腹地的货运压力，也为苏格兰特色产品，如三文鱼、威士忌 等进入中国市场搭建了一条便捷的"空中快车道"，有望显著提升物流效率，降低综合运输成本。 中国民航局公布的数据显示，国际航线货邮运输快速增长，是航空货运的一大亮点。今年10月份，我国 民航全行业完成货邮运输量91.7万吨，与去年同月相比增长13.4%。 ...

Core Viewpoint - The launch of the Chengdu-Glasgow all-cargo flight route marks a significant step for the company in expanding its logistics capabilities and enhancing its presence in the European cargo market [1][3]. Group 1: Route and Logistics Expansion - The Chengdu-Glasgow all-cargo route is an important logistics channel connecting Southwest China with Northern England, effectively broadening the air cargo transport options between China and the UK [1]. - The route will operate four flights per week using the Airbus A330 freighter, providing direct access to Scotland and the Northwest of England, which helps to alleviate cargo volume congestion in central England [1]. - This new route facilitates the export of local Scottish products such as salmon and whisky to China, improving logistics efficiency and reducing overall transportation costs [1]. Group 2: Strategic Network Development - With the opening of the Glasgow route, the company has established a multi-directional network connecting Europe, North America, and the Middle East from its Chengdu hub [3]. - The current all-cargo routes from Chengdu cover major global cargo hubs including Frankfurt, Liege, Paris, Amsterdam, Chicago, and Dubai, enhancing the strategic function of Chengdu's air transport network [3]. - The company plans to continue optimizing its international route layout and strengthen cargo transport organization and service capabilities, contributing to the stability and security of supply chains [3].

商报讯（记者 汤佳烨 通讯员 周雨亮）近日，位于杭州萧山机场东区的航空货站内灯火通明，装载着跨 境电商货物的车辆停靠在卸货台前，7条入仓通道高速运转，二楼仓库内自动分拣设备正开足马力运 转。伴随着流水线上高速顶扫装置扫码嘀嘀声，一件件待查验的包裹经过海关智能审图查验后，通过自 动传送带送往立体货架，等待装机起飞。随着海外促销季来临，杭州空港口岸进入跨境电商货物的出口 高峰。 作为一条双向物流空中走廊，该航线在助力"中国制造"加速出海的同时，也为拉美的特色产品进入浙江 市场提供了快速通道。"近期也是智利车厘子季，这趟航班的回程将从巴西始发，途经智利圣地亚哥， 装载车厘子，再经墨西哥到达杭州。"负责该航班物流操作的杭州瑞升国际货运代理有限公司关务总监 陈敏介绍。据杭州萧山机场海关统计，今年1-10月，杭州空港口岸进口生鲜货物1643批，同比增长 49.2%，显示了"空中通道"的强劲活力。 "我们通过设立关企联络员提前调研掌握平台大促增量计划，精准对接企业峰值业务需求，统筹调配监 管力量，持续做好7×24小时全天候通关保障服务。"杭州萧山机场海关监管二科科长施兴华介绍。为保 障业务高峰进出口货物通关顺畅，杭州萧山机 ...

Core Insights - The NTSB released a preliminary investigation report on the UPS cargo plane crash in Louisville, Kentucky, which resulted in 14 fatalities, indicating signs of metal fatigue and abnormal stress damage on critical hardware connecting the engine to the fuselage [1][2] - The aircraft involved was a McDonnell Douglas MD-11, and the left engine's short pylon bracket showed signs of metal fatigue cracks [1] - The crash is one of the most severe cargo aircraft incidents in recent years, with three crew members and eleven ground personnel killed [1] Company Analysis - UPS had conducted an inspection of the pylon in 2021, and the aircraft had approximately 21,000 flight cycles, below the mandatory inspection threshold of 28,000 cycles [2] - The MD-11's design shares similarities with the DC-10, which was involved in a notorious crash in 1979, although experts suggest that the causes of the two incidents may differ [2] - UPS has committed to fully supporting the investigation until a final conclusion is reached and has temporarily suspended the operation of its MD-11 fleet pending the investigation results [3] Industry Implications - Regulatory authorities are expected to require more in-depth inspections and may increase the frequency of long-term checks before allowing the MD-11 to return to service [3] - The NTSB has not yet determined the reasons for the long-term stress damage on the metal components, and the final investigation report is anticipated to be released approximately one year after the incident [3]

Core Points - The first Airbus A321F freighter in Nanning, Guangxi, officially commenced commercial operations on November 20, 2023, focusing on international cargo routes to ASEAN regions [1][3] - The aircraft operates approximately 19 flights per week, primarily transporting cross-border e-commerce products outbound and fresh produce from Southeast Asia inbound [1][3] Industry Development - Nanning has been actively developing an international air logistics hub aimed at ASEAN, with Nanning Wuxu International Airport operating 17 international cargo routes, connecting 17 cities across 10 countries in ASEAN and South Asia [3] - Since 2020, the international cargo throughput at Nanning Airport has been rapidly increasing, reaching 107,600 tons in 2024, representing a year-on-year growth of 23.2% [3] - Nanning Transportation Investment Group has become the largest international air cargo operator at Nanning Airport, launching and stabilizing routes to Kuala Lumpur, Manila, Yangon, and Cebu/Davao [3] Strategic Collaborations - On the same day, eight air logistics companies signed strategic cooperation agreements to integrate resources and enhance advantages in route operations, trade transportation, and industrial support, promoting the integration of logistics with trade, processing, and maintenance in the aviation industry [4]