点击蓝字关注我们 11月19日晚间，顺丰控股（002352.SZ、06936.HK）发布2025年10月快递物流业务经营简报。10月份公司总营业收入达264.54亿元，同比增长9.79%。 长江商报记者发现，10月，顺丰控股速运物流业务的业务量达15.24亿票，同比增长26.26%，创下公司历史新高，相当于每天有4916万个包裹。同期，公 司速运物流业务营业收入达200.91亿元，同比增长13.68%。 长江商报记者 黄聪 "小包裹"映射"大经济"。 三季报中，顺丰控股表示，2025年以来公司持续深入推进"激活经营"机制落地，赋予业务前线充分经营授权与激励，有效激发业务组织的市场拓展动力。 同时公司将成本节降的效益反哺至前端业务拓展，进一步提升产品与服务的市场竞争力。 视觉中国图 10月营收增9.79% 当下，国家层面持续推进物流行业降本增效，各地也不断落实相关政策，推出一系列便利化措施，提升运输效率、降低物流成本，这也使得快递企业业务 量稳增。 据国家邮政局发布的数据，2025年前10月，邮政行业寄递业务量累计完成1772.5亿件，同比增长14.0%。其中，快递业务量累计完成1626.8亿件，同比增 长16 ...

Core Viewpoint - The company reported a total revenue of RMB 26.454 billion for October 2025, reflecting a year-on-year growth of 9.79% in its express logistics and supply chain businesses [3]. Group 1: Express Logistics Business - The express logistics business revenue grew by 13.68% year-on-year, with a business volume increase of 26.26% [3]. - The company emphasizes sustainable and healthy development, enhancing operational mechanisms to meet the delivery demands during the e-commerce promotional season, which drives high-quality business growth [3]. Group 2: Supply Chain and International Business - The international freight forwarding business faced challenges due to fluctuations in international trade and a slowdown in freight market demand, leading to a significant decline in sea freight prices compared to the same period last year [3]. - Despite these challenges, the company leveraged its global network and diverse product offerings to adapt to market changes, maintaining stable cargo volumes in international freight forwarding [3]. - Revenue from international express and cross-border e-commerce logistics experienced rapid growth year-on-year [3].

Core Viewpoint - The company reported a total revenue of RMB 26.454 billion for its express logistics, supply chain, and international business in October 2025, reflecting a year-on-year growth of 9.79% [1] Group 1: Express Logistics Business - Revenue from the express logistics business increased by 13.68% year-on-year, with business volume growing by 26.26% [1] - The company emphasizes sustainable and healthy development, enhancing operational mechanisms to ensure high-quality service and stable delivery during peak e-commerce promotional seasons, driving high-quality growth [1] Group 2: International Business - The international freight forwarding business faced slower revenue growth due to fluctuations in international trade and a decline in shipping prices compared to the same period last year [1] - Despite market challenges, the company leveraged its global network and diverse product offerings to adapt to market changes, maintaining stable cargo volumes in international freight forwarding [1] - Revenue from international express and cross-border e-commerce logistics experienced rapid growth year-on-year [1]

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） 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。 2025年10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10月業務 經營簡報情況如下： | 項目 | | 2025年10月 | 2024年10月 | 同比變動 | | --- | --- | --- | --- | --- | | 1. | 速運物流業務 | | | | | | 營業收入 （人民幣億元） | 200.91 | 176.73 | 13.68% | | | －業務量 （億票） | 15.24 | 12.07 | 26.26% | | | －單票收入 （人民幣元） | 13.18 | 14.64 | -9.97% | | 2. | 供應鏈 ...

Core Viewpoint - The company reported a decline in revenue and net profit for the third quarter of 2025, indicating challenges in its core business segments while also highlighting growth in its supply chain services. Financial Performance - Total assets at the end of the reporting period were 16.141 billion yuan, a decrease of 4.88% from the beginning of the year [4] - Net assets attributable to shareholders were 8.032 billion yuan, down 5.10% year-to-date [4] - The asset-liability ratio stood at 50.11%, remaining stable compared to the beginning of the year [4] Revenue Analysis - The company's operating revenue for Q3 2025 was 9.715 billion yuan, a year-on-year decrease of 1.37% [5] - Revenue from express delivery services was 434 million yuan, down 18.84% year-on-year [6] - Revenue from other businesses, primarily supply chain services, was 476 million yuan, an increase of 9.35% year-on-year [7] Cost Structure - Operating costs for Q3 2025 were 9.535 billion yuan, an increase of 4.57% year-on-year [9] - Labor costs were 4.043 billion yuan, up 9.65%, reflecting increased investment in human resources [9] - Transportation costs were 4.391 billion yuan, a slight increase of 0.78% [10] - Period expenses totaled 566 million yuan, a rise of 9.22% year-on-year [11] Profitability - The net profit attributable to shareholders was -329 million yuan, a decrease of 278.64% year-on-year [12] - The net profit after deducting non-recurring gains and losses was -328 million yuan, down 313.19% year-on-year [12] Operational Developments - The company is focusing on enhancing its large-item delivery capabilities and improving service quality [13][14] - The number of delivery vehicles increased to 28,163, with a coverage rate of 96.40% in rural areas [13] - The company has invested in automation and optimized operational processes to improve efficiency [13] Legal and Financial Adjustments - The company has recognized a provision for pending litigation amounting to 104.9968 million yuan, which will reduce the profit for the first nine months of 2025 [28][29]

Core Insights - The report highlights that the company is focusing on strengthening its core capabilities and optimizing its product structure while increasing strategic investments to enhance operational efficiency [1] Revenue Structure - The company is concentrating on the growth of its core main products, with differentiated development across various business segments, showcasing the targeted nature of its strategic layout [1] - The express delivery business generated revenue of 4.34 billion, while the supply chain business achieved revenue of 4.76 billion, reflecting a year-on-year growth of 9.35% [1] Business Resilience - The optimization of revenue structure and enhancement of business resilience stem from the company's deep focus on the large-item delivery sector, addressing pain points in the entire logistics process from collection to delivery [1] - The company has increased resource investment, upgraded tools, and optimized business processes to meet diverse market demands for large-item transportation, thereby improving customer service experience and reinforcing its competitive advantage in the large-item logistics field [1] Quality of Service - The company is committed to improving delivery quality and providing efficient and reliable logistics services, as evidenced by a year-on-year decrease in customer complaints [1] - A stable network layout under a direct sales model, continuous service quality upgrades, and enhanced customer experience collectively support the healthy growth of the company's large-item business revenue [1]

Core Viewpoint - In the face of a downturn in the steel industry and imbalances in market supply and demand, the company has maintained strategic determination, solidified its operational foundation, accelerated transformation, and reinforced risk management, achieving steady performance in its regular business operations [1][2]. Group 1: Financial Performance - For the period from January to September 2025, the company reported an operating income of 40.893 billion yuan and a net profit attributable to shareholders of 114 million yuan [1]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, increased by 159 million yuan year-on-year, indicating a continuous push for deeper and more substantial corporate development [1]. Group 2: Business Operations - In the raw materials sector, the company has focused on business expansion and model innovation, achieving stable operations in key products with significant year-on-year improvement in performance [1]. - In the steel business, the company has optimized its business structure, reinforcing its engineering supply business while accelerating the transformation of its manufacturing terminal, leading to improvements in both scale and quality of terminal operations [1]. - The company has enhanced its supply chain operations by strengthening internal and external resource collaboration, improving integrated service capabilities in warehousing, processing, logistics, bidding, and insurance brokerage [1]. Group 3: Future Outlook - Looking ahead to the fourth quarter, the company plans to continue implementing its work guidelines focused on "stabilizing growth, strengthening industries, promoting innovation, advancing reforms, preventing risks, ensuring safety, and enhancing party building" [2]. - The company will adhere to a "low inventory, high turnover" business strategy, aiming to fully exploit market opportunities while controlling operational risks, enhancing business capabilities, deepening business collaboration, and accelerating transformation and upgrading [2].

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。 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） 2025 年 9 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9月業務經 營簡報情況如下： | 項目 | | 2025年9月 | 2024年9月 | 同比變動 | | --- | --- | --- | --- | --- | | 1. | 速運物流業務 | | | | | | 營業收入 （人民幣億元） | 208.54 | 182.60 | 14.21% | | | －業務量 （億票） | 15.04 | 11.41 | 31.81% | | | －單票收入 （人民幣元） | 13.87 | 16.00 | -13.31% | | 2. | 供應鏈 ...

Core Insights - 佛燃能源 reported a total revenue of 23.501 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 5.38% [4][5] - The net profit attributable to shareholders was 490 million yuan, an increase of 6.07% compared to the same period last year [4][5] - The company's basic earnings per share stood at 0.32 yuan, with a weighted average return on equity of 8.86% [4][5] Financial Performance - Revenue for the reporting period was 8.164 billion yuan, showing a slight decrease of 0.16% year-on-year [5] - The net profit attributable to shareholders was approximately 180.619 million yuan, reflecting a growth of 4.07% [5] - The net profit after deducting non-recurring gains and losses was about 173.276 million yuan, up by 2.23% [5] - The net cash flow from operating activities was 5.24 billion yuan, down 57.74% year-on-year [4][20] Profitability Metrics - The weighted average return on equity for the first three quarters of 2025 was 8.86%, a decrease of 2.1 percentage points from the previous year [17] - The return on invested capital was 4.18%, which is an increase of 0.11 percentage points compared to the same period last year [17] Asset and Liability Changes - As of the end of Q3 2025, fixed assets decreased by 2.03%, while inventory increased by 78.54% [23] - Short-term borrowings increased by 236.09%, while non-current liabilities due within one year decreased by 68.2% [26] - The company's total assets were approximately 21.052 billion yuan, with total equity attributable to shareholders at about 8.563 billion yuan [5][23] Liquidity Ratios - The current ratio was 1.04, and the quick ratio was 0.82 as of the reporting period [29]

Group 1 - The core viewpoint of the news is that Shengyibao's stock has shown fluctuations in price and trading volume, with a recent increase of 2.04% and a total market value of 4.941 billion yuan [1] - As of October 15, the stock price reached 19.55 yuan per share, with a trading volume of 18.1159 million yuan and a turnover rate of 0.37% [1] - The net inflow of main funds was 113,100 yuan, with large orders buying 1.9542 million yuan, accounting for 10.79%, while selling was 1.8410 million yuan, accounting for 10.16% [1] Group 2 - Shengyibao's stock price has increased by 9.22% year-to-date, with a recent 5-day increase of 1.14%, but a decline of 5.69% over the past 20 days and 9.20% over the past 60 days [2] - The company, established on August 7, 2000, and listed on December 15, 2006, specializes in internet information services, e-commerce, professional search engines, and enterprise application software development [2] - The main revenue composition includes supply chain business revenue at 87.10%, network basic services at 3.54%, and network information promotion services at 3.53% [2] Group 3 - As of June 30, the number of shareholders was 42,600, a decrease of 3.42%, while the average circulating shares per person increased by 3.54% to 5,903 shares [3] - For the first half of 2025, Shengyibao achieved operating revenue of 309 million yuan, a year-on-year increase of 25.12%, but reported a net profit attributable to shareholders of -7.043 million yuan, a decrease of 130.30% [3] Group 4 - Since its A-share listing, Shengyibao has distributed a total of 241 million yuan in dividends, with 37.908 million yuan distributed in the last three years [4] - As of June 30, 2025, the Southern Financial Theme Flexible Allocation Mixed A (004702) fund has exited the top ten circulating shareholders [4]