顺丰控股2025年三季报显示，前三季度公司主营收入2252.61亿元，同比上升8.89%；归母净利润83.08 亿元，同比上升9.07%；扣非净利润67.78亿元，同比上升0.52%；其中2025年第三季度，公司单季度主 营收入784.03亿元，同比上升8.21%；单季度归母净利润25.71亿元，同比下降8.53%；单季度扣非净利 润22.27亿元，同比下降14.17%；负债率49.99%，投资收益11.76亿元，财务费用13.28亿元，毛利率 12.96%。顺丰控股（002352）主营业务：速运物流业务主要包括时效快递、经济快递、快运、冷运及 医药、同城即时配送;供应链及国际业务主要包括国际快递、国际货运及代理、供应链。 证券之星消息，截至2025年12月25日收盘，顺丰控股(002352)报收于38.28元，上涨0.24%，换手率 0.28%，成交量13.58万手，成交额5.2亿元。 12月25日的资金流向数据方面，主力资金净流入2305.78万元，占总成交额4.43%，游资资金净流出 6122.32万元，占总成交额11.76%，散户资金净流入3816.54万元，占总成交额7.33%。 近5日资金流向一览 ...

证券之星消息，截至2025年12月23日收盘，顺丰控股(002352)报收于38.27元，下跌0.1%，换手率 0.35%，成交量16.7万手，成交额6.4亿元。 12月23日的资金流向数据方面，主力资金净流入3724.14万元，占总成交额5.82%，游资资金净流出 3016.1万元，占总成交额4.71%，散户资金净流出708.04万元，占总成交额1.11%。 近5日资金流向一览见下表： | | | | 日期 收盘价 涨跌幅 主力净流入 主力净占比 游资净洗火 波户净流入 散户净占比 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-12-23 | 38.27 -0.10% | 3724.14万 | 5.82% | -3016.10万 | -4.71% | -708.04万 | -1.11% | | 2025-12-22 | 38.31 1.22% | 8107.41万 | 9.45% | -6275.91万 | -7.32% | -1831.50万 | -2.14% | | 2025-12-19 | 37.85 -0.89% ...

近日，顺丰国际与英国领先物流企业安睿物流（Evri）在位于深圳的顺丰总部正式签署战略合作协议，标志着双方在全球物流领域的合作进入新阶段。 Evri全球合作伙伴关系总监John Sansby、中国区负责人Lily Fu率核心团队，以及顺丰国际副总裁黄晖等业务负责人出席了签约仪式。 本次签约双方确立合作框架，为后续资源配置与项目落地奠定坚实基础，进一步增强了双方合作的信心，并明确了未来的发展方向。在未来三至五年内， 双方将基于共同的愿景，逐步深化在国际电商、供应链及综合物流等领域的协同合作。 优势互补，夯实合作根基 Evri作为英国本土领先的快递服务商，拥有超过50年运营经验，服务网络覆盖英国全境及全球220多个国家和地区，在为电商平台与品牌客户提供高效配 送服务方面积淀深厚。顺丰作为中国及亚洲最大、全球第四大综合物流服务提供商，在国际快递、供应链管理与跨境电商物流等领域优势显著。双方将通 过资源共享与能力互补，共同优化中英跨境物流链路，提升全链条运营效率与服务体验。 顺丰国际副总裁黄晖表示："顺丰国际与Evri合作，核心在于双方在英国本土的协同潜力。Evri覆盖英国全境的网络与高效履约能力，将为顺丰国际深化当 ...

1、速运物流业务：主要包括公司的时效快递、经济快递、快运、冷运及医药、同城即时配送业务板 块。 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002352 证券简称：顺丰控股 公告编号：2025-097 顺丰控股股份有限公司 2025年11月快递物流业务经营简报 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 根据《深圳证券交易所上市公司自律监管指引第3号一一行业信息披露》的规定，顺丰控股股份有限公 司（以下简称"公司"）现披露2025年11月业务经营简报情况如下： ■ 注： 2、供应链及国际业务：主要包括公司的国际快递、国际货运及代理、供应链业务板块。 3、以上收入不含公司其他非物流业务收入。 公司2025年11月速运物流业务、供应链及国际业务合计收入为人民币271.73亿元，同比增长7.85%。其 中：（1）速运物流业务收入同比增长9.88%，业务量同比增长20.13%。公司坚持可持续健康发展的经 营基调，推进激活经营进阶机制，以高品质服务和稳定运营交付，保障客户电商促销旺季的寄递需求， 推动业务高质量增长。（2）由于国际贸易波动及货运市场需 ...

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。 （股份代號：6936） 2025年11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11月業務 經營簡報情況如下： | 項目 | | 2025年11月 | 2024年11月 | 同比變動 | | --- | --- | --- | --- | --- | | 1. | 速運物流業務 | | | | | | （人民幣億元） 營業收入 | 206.60 | 188.02 | 9.88% | | | －業務量 （億票） | 15.34 | 12.77 | 20.13% | | | （人民幣元） －單票收入 | 13.47 | 14.72 | -8.49% | | 2. | 供應鏈及國際業務 | | | | | | （人民幣億元） 營業收入 | 65.13 | 63.94 | 1.86% | ...

证券之星消息，截至2025年12月15日收盘，顺丰控股(002352)报收于37.41元，下跌0.05%，换手率 0.39%，成交量18.82万手，成交额7.07亿元。 12月15日的资金流向数据方面，主力资金净流入3541.42万元，占总成交额5.01%，游资资金净流入 40.19万元，占总成交额0.06%，散户资金净流出3581.61万元，占总成交额5.07%。 近5日资金流向一览见下表： 该股最近90天内共有16家机构给出评级，买入评级13家，增持评级3家；过去90天内机构目标均价为 52.53。 资金流向名词解释：指通过价格变化反推资金流向。股价处于上升状态时主动性买单形成的成交额是推 动股价上涨的力量，这部分成交额被定义为资金流入，股价处于下跌状态时主动性卖单产生的的成交额 是推动股价下跌的力量，这部分成交额被定义为资金流出。当天两者的差额即是当天两种力量相抵之后 剩下的推动股价上升的净力。通过逐笔交易单成交金额计算主力资金流向、游资资金流向和散户资金流 向。 注：主力资金为特大单成交，游资为大单成交，散户为中小单成交 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备31010434571 ...

Core Viewpoint - SF Holding (002352) experienced a decline in stock price, closing at 37.91 yuan on December 2, 2025, down 1.3% with significant net outflows from major funds [1] Group 1: Stock Performance and Trading Data - On December 2, 2025, SF Holding's trading volume was 319,600 hands, with a total transaction value of 1.217 billion yuan [1] - The net outflow of major funds was 239 million yuan, accounting for 19.62% of the total transaction value, while retail investors saw a net inflow of 175 million yuan, representing 14.37% of the total [1][2] - Over the past five days, the stock has shown fluctuations, with a notable net outflow of 650.49 million yuan on December 1, 2025 [2] Group 2: Financial Performance and Industry Comparison - For the first three quarters of 2025, SF Holding reported a main business revenue of 225.261 billion yuan, an increase of 8.89% year-on-year, and a net profit attributable to shareholders of 8.308 billion yuan, up 9.07% year-on-year [3] - The company's total market capitalization is 191.045 billion yuan, ranking first in the logistics industry, with a net asset value of 108.975 billion yuan, also ranking second [3] - The company's gross profit margin stands at 12.96%, slightly below the industry average of 13.97%, while the net profit margin is 3.87%, lower than the industry average of 4.8% [3] Group 3: Analyst Ratings and Target Price - In the last 90 days, 16 institutions have rated SF Holding, with 13 buy ratings and 3 hold ratings, indicating a generally positive outlook [4] - The average target price set by institutions for SF Holding over the past 90 days is 52.53 yuan [4]

Core Insights - SF Holding (002352) closed at 38.79 yuan on November 27, 2025, down 1.17% with a turnover rate of 0.54% and a trading volume of 256,700 hands, amounting to 999 million yuan in transaction value [1] Fund Flow Analysis - On November 27, 2025, the net inflow of main funds was 22.7363 million yuan, accounting for 2.28% of the total transaction value, while retail investors saw a net inflow of 119 million yuan, representing 11.95% of the total transaction value [1] - Over the past five days, the fund flow data shows fluctuations in net inflows and outflows among main funds, retail investors, and speculative funds, with notable changes in percentages [2] Company Performance Metrics - As of the third quarter of 2025, SF Holding reported a total revenue of 225.261 billion yuan, an increase of 8.89% year-on-year, and a net profit attributable to shareholders of 8.308 billion yuan, 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 195.48 billion yuan, ranking first in the logistics sector, with a net asset value of 108.975 billion yuan, also ranking second [3] Analyst Ratings - In the last 90 days, 18 institutions have rated SF Holding, with 15 buy ratings and 3 hold ratings, indicating a positive outlook from analysts [4]

Investment Rating - The report maintains a "Strong Buy" rating for ZTO Express (02057.HK) [2][5] Core Views - The company reported a Q3 business volume of 9.573 billion pieces, a year-on-year increase of 9.8%, while its market share decreased by 0.6 percentage points to 19.4% [3] - Adjusted net profit for Q3 was 2.506 billion yuan, reflecting a year-on-year growth of 5.0% [3] - The company has slightly lowered its business volume guidance for the year to 38.2-38.7 billion pieces, corresponding to a year-on-year growth of 12.3%-13.8% [3] - The trend of "anti-involution" in the industry is shifting competition from quantity to quality, leading to a decline in overall business volume growth [3] - The single ticket revenue increased by 0.02 yuan (1.7%) to 1.21 yuan per ticket in Q3, showing improvement compared to previous quarters [4] - The single ticket core cost decreased by 0.04 yuan, with transportation costs dropping from 0.39 yuan to 0.34 yuan [4] - The company’s parcel business grew over 50% year-on-year, contributing positively to single ticket revenue and costs [5] - Single ticket profitability has started to recover, with adjusted net profit per ticket increasing from 0.21 yuan in Q2 to 0.26 yuan in Q3 [5] - Profit forecasts for 2025-2027 are 9.06 billion, 10.22 billion, and 11.53 billion yuan respectively, with corresponding PE ratios of 13.0X, 11.5X, and 10.2X [5] Summary by Sections Business Performance - Q3 business volume reached 9.573 billion pieces, a 9.8% increase year-on-year, but market share fell to 19.4% [3] - Adjusted net profit for Q3 was 2.506 billion yuan, up 5.0% year-on-year [3] Revenue and Costs - Single ticket revenue rose by 1.7% to 1.21 yuan, with a notable improvement from previous quarters [4] - Single ticket core cost decreased by 0.04 yuan, with transportation costs declining significantly [4] Growth and Profitability - The company’s parcel business saw over 50% growth year-on-year, enhancing overall revenue [5] - Single ticket profitability improved, indicating a positive trend in profit recovery [5] Financial Projections - Expected net profits for 2025-2027 are projected at 9.06 billion, 10.22 billion, and 11.53 billion yuan, with decreasing PE ratios [5]

Core Viewpoint - SF Holding's logistics business shows strong growth in October 2025, with significant increases in revenue and package volume, reflecting broader trends in the logistics industry driven by national policies aimed at reducing costs and improving efficiency [1][3][4]. Financial Performance - In October 2025, SF Holding reported total revenue of 26.454 billion yuan, a year-on-year increase of 9.79% [3]. - The express logistics business generated revenue of 20.091 billion yuan, up 13.68% year-on-year, while supply chain and international business revenue slightly decreased by 0.93% to 6.363 billion yuan [3][4]. - For the first three quarters of 2025, the company achieved revenue of 225.26 billion yuan, a growth of 8.9%, and a net profit of 8.31 billion yuan, increasing by 9.1% [6]. Business Volume and Growth - In October, the volume of express logistics reached 1.524 billion packages, marking a 26.26% increase year-on-year, the highest in the company's history, averaging 49.16 million packages per day [1][4]. - The average revenue per package decreased to 13.18 yuan, down 9.97% year-on-year, compared to 16.26 yuan in October 2023, indicating a decline of approximately 19% over two years [4]. Market Trends and Strategic Initiatives - The logistics industry is experiencing a transformation, shifting from price competition to a focus on technology, efficiency, service, and cost control [4]. - SF Holding is advancing its supply chain integration services, positioning itself as a leading provider in the industry [4]. - The company is actively enhancing its delivery capabilities through strategic partnerships, such as collaborations with Zeiss and Meituan Health to improve its logistics network [10]. Future Outlook - SF Holding aims for stable growth in net profit for the fourth quarter of 2025, with expectations of maintaining a year-on-year increase for the full year [8].