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 ...

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16.1%。 长江商报消息 ●长江商报记者 黄聪 "小包裹"映射"大经济"。 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%。 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。 ...

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].

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 ...

该股主要指标及行业内排名如下： | 指标 | 顺丰控股 | 物流行业均值 | 行业排名 | | --- | --- | --- | --- | | 总市值 | 1997.63亿元 | 171.02亿元 | 1 54 | | 净资产 | 1089.75亿元 | 138.04亿元 | 2 54 | | 净利润 | 83.08亿元 | 7.12亿元 | 1 54 | | 市盈率(动) | 18.03 | 17.89 | 13 54 | | 市净率 | 2.03 | 2.79 | 30 54 | | 毛利率 | 12.96% | 13.97% | 22 54 | | 净利率 | 3.87% | 4.8% | 24 54 | | ROE | 8.65% | 3.69% | 7 54 | 证券之星消息，截至2025年11月18日收盘，顺丰控股(002352)报收于39.64元，下跌0.3%，换手率 0.37%，成交量17.49万手，成交额6.93亿元。 11月18日的资金流向数据方面，主力资金净流出9371.73万元，占总成交额13.52%，游资资金净流入 418.12万元，占总成交额0.6%，散户资金净流入8953.6 ...

Core Insights - SF Holding (002352) closed at 40.58 CNY on November 13, 2025, with a slight increase of 0.45% and a trading volume of 231,900 lots, amounting to a total transaction value of 937 million CNY [1] Fund Flow Analysis - On November 13, 2025, the net inflow of main funds was 42.86 million CNY, accounting for 4.58% of the total transaction value, while retail investors experienced a net outflow of 8.35 million CNY, representing 0.89% of the total [1][2] - Over the past five days, the main fund inflow and outflow varied, with the highest net inflow recorded on November 12 at 22.99 million CNY and the largest net outflow on November 11 at 115 million CNY [2] Company Performance Metrics - As of the third quarter of 2025, SF Holding reported a total revenue of 225.26 billion CNY, reflecting an increase of 8.89% year-on-year, and a net profit of 8.31 billion CNY, up 9.07% year-on-year [3] - The company's gross profit margin stood at 12.96%, while the net profit margin was 3.87%, indicating a competitive position within the logistics industry [3] - SF Holding's total market capitalization is 204.5 billion CNY, significantly higher than the logistics industry average of 17.54 billion CNY, ranking first in the industry [3] Institutional Ratings - In the last 90 days, 17 institutions provided ratings for SF Holding, with 15 buy ratings and 2 hold ratings, indicating strong institutional confidence [4] - The average target price set by institutions over the past 90 days is 52.55 CNY, suggesting potential upside from the current trading price [4]

Core Viewpoint - SF Holding (002352) has shown a positive stock performance with a closing price of 40.8 yuan, up 2.05% as of November 10, 2025, indicating a strong market interest despite mixed fund flows [1][2]. Financial Performance - For the first three quarters of 2025, SF Holding reported a main revenue of 225.26 billion yuan, an increase of 8.89% year-on-year, and a net profit attributable to shareholders of 8.31 billion yuan, up 9.07% year-on-year [3]. - In Q3 2025, the company achieved a single-quarter main revenue of 78.40 billion yuan, reflecting an 8.21% year-on-year increase, while the net profit for the quarter was 2.57 billion yuan, down 8.53% year-on-year [3]. - The company's debt ratio stands at 49.99%, with investment income of 1.18 billion yuan and financial expenses of 1.33 billion yuan [3]. Market Position - SF Holding has a total market value of 205.61 billion yuan, ranking first in the logistics industry, with a net asset value of 108.98 billion yuan, also ranking second [3]. - The company has a price-to-earnings ratio (P/E) of 18.56, slightly above the industry average of 18.32, and a price-to-book ratio (P/B) of 2.09, which is lower than the industry average of 2.79 [3]. Fund Flow Analysis - On November 10, 2025, the net inflow of main funds was 115 million yuan, accounting for 7.81% of the total transaction amount, while retail investors saw a net inflow of 15.41 million yuan, representing 1.05% [1][2]. - Over the past five days, the stock has experienced fluctuations in fund flows, with notable net outflows from speculative funds on several days [2]. Analyst Ratings - In the last 90 days, 17 institutions have rated the stock, with 15 buy ratings and 2 hold ratings, indicating a generally positive outlook [4]. - The average target price set by institutions over the past 90 days is 53.19 yuan, suggesting potential upside from the current trading price [4].

Core Viewpoint - SF Holding (002352) reported a slight decline in stock price, with a closing price of 39.98 yuan on November 7, 2025, down 0.12% from the previous day [1] Financial Performance - For the first three quarters of 2025, SF Holding achieved a total revenue of 225.26 billion yuan, an increase of 8.89% year-on-year, and a net profit attributable to shareholders of 8.31 billion yuan, up 9.07% year-on-year [3] - In Q3 2025, the company reported a single-quarter revenue of 78.40 billion yuan, an increase of 8.21% year-on-year, but a net profit of 2.57 billion yuan, which represents a decline of 8.53% year-on-year [3] - The company's gross profit margin stood at 12.96%, while the net profit margin was 3.87% [3] Market Activity - On November 7, 2025, the net inflow of main funds was 15.15 million yuan, accounting for 1.27% of the total transaction amount, while retail investors saw a net inflow of 14.48 million yuan, representing 1.22% of the total [1][2] - Over the past five days, the stock has experienced fluctuations in fund flows, with significant net outflows from speculative funds on several days [2] Industry Position - SF Holding's total market capitalization is 201.48 billion yuan, significantly higher than the logistics industry average of 17.39 billion yuan, ranking first in the industry [3] - The company ranks second in net assets and first in net profit within the logistics sector [3] - The average target price set by 17 institutions over the past 90 days is 53.19 yuan, with 15 institutions giving a buy rating and 2 giving a hold rating [4]

Core Viewpoint - SF Holding (002352) shows a positive stock performance with a closing price of 40.03 yuan, up 1.01% as of November 6, 2025, indicating a potential recovery in investor sentiment [1] Financial Performance - For the first three quarters of 2025, SF Holding reported a main business revenue of 225.26 billion yuan, an increase of 8.89% year-on-year, and a net profit attributable to shareholders of 8.31 billion yuan, up 9.07% year-on-year [3] - In Q3 2025, the company achieved a single-quarter main business revenue of 78.40 billion yuan, a year-on-year increase of 8.21%, but the net profit attributable to shareholders decreased by 8.53% to 2.57 billion yuan [3] Market Position - SF Holding has a total market value of 201.73 billion yuan, ranking first in the logistics industry, with a net asset of 108.98 billion yuan, also ranking second [3] - The company has a price-to-earnings ratio (P/E) of 18.21, slightly above the industry average of 18.01, and a price-to-book ratio (P/B) of 2.05, which is lower than the industry average of 2.76 [3] Investment Sentiment - Over the past 90 days, 17 institutions have rated SF Holding, with 15 buy ratings and 2 hold ratings, indicating strong institutional confidence [4] - The average target price set by institutions for the stock is 53.19 yuan, suggesting a significant upside potential from the current price [4]

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 ...