每经记者｜肖纯 每经编辑｜杨欢 一条新的物流通道正在改写中国西南的"出海版图"。 就在几天前，集装箱列车"郑和号"从昆明晋宁启程，经老挝万象、泰国拉廊港，最终抵达孟加拉国吉大港。 这条线路最为显著的特点就是绕开马六甲海峡，从昆明直达印度洋港口，这也标志着中国西南连接印度洋的国际物流大通道正式贯通。 马六甲海峡一直是连接沟通太平洋与印度洋的国际水道，是亚、非、欧等沿岸国家往来的重要海上通道，由于其战略位置的重要性，马六甲海峡曾多次成为 国际冲突的焦点。 眼下，这条从我国内陆直抵印度洋的大通道有多重要？除了再次为昆明的枢纽地位加持，它对于我国西部边境省份，甚至整个西部区域又将带来怎样的变 化？ 01 先来看看这条略显复杂的通道。 "郑和号"海公铁国际多式联运班列，通过中老铁路抵达老挝万象后，接驳公路至泰国拉廊港，通过海运抵达缅甸仰光港，再继续航行至孟加拉国吉大港。 按照官方报道，除了"郑和号"走的线路，该通道还有两条分支，都是通过中老铁路抵达老挝万象，一条换乘泰国铁路到达泰国北标府，另一条接驳公路驶至 泰国林查班港，通过海运到达新加坡。 此前昆明货物运到孟加拉国，需要先铁路运输至钦州港，再换装海运经马六甲海峡到达 ...

Core Viewpoint - SF Holding's stock closed at 48.15 yuan, with a rolling PE ratio of 23.23 times, and a total market capitalization of 243.769 billion yuan, indicating a stable position within the logistics industry [1] Company Summary - SF Holding's main business is comprehensive express logistics services, including time-sensitive express, economy express, freight, cold chain, pharmaceutical delivery, same-city instant delivery, international express, international freight and agency, and supply chain [1] - In the first quarter of 2025, the company achieved operating revenue of 69.85 billion yuan, a year-on-year increase of 6.90%, and a net profit of 2.234 billion yuan, a year-on-year increase of 16.87%, with a sales gross margin of 13.30% [1] Industry Summary - The average PE ratio for the logistics industry is 25.36 times, with a median of 28.91 times, placing SF Holding at the 30th position in the industry ranking [2] - The company has received multiple international awards and national-level case certifications in logistics technology for 2024 and is the only Chinese representative to reach the finals of the 2025 Franz Edelman Award, the highest award in global operations and management science [1]

中新网广州7月10日电(记者郭军)记者9日从中国南方航空公司获悉，南方航空物流股份有限公司(以下简 称"南航物流")近日正式开通广州-奥克兰-悉尼国际货运航线。这是国内航司首条从中国大陆直飞新西兰 定期全货机正班航线，也是南航首条第五航权货运航线，拥有澳大利亚、新西兰之间双向第五航权。 目前，南航物流共运营19架波音777全货机，每周执飞定期国际航班超80班，形成国内辐射全球的全货 机货运航线网络。(完) 南航开通 近年来，中新两国在农产品、电子产品、消费品等领域的贸易合作不断深化。据报道，中新自贸协定生 效以来，中新双边货物贸易额增长近300亿新元，2025年一季度，中新贸易总额105.1亿新元，同比增长 8.9%。为满足日益旺盛的澳新货运需求，南航物流新开新西兰货机航线，进一步开拓新兴市场，打通 国际空中运输大动脉。 新航线由波音777全货机定期执飞，将有效弥补大洋洲方向运力缺口，大幅缩短大湾区与澳新地区货物 运输时间，为大湾区300余家跨境电商和高端制造企业出海提供更高效的物流解决方案。 据悉，第五航权也称第三国准入权，是指一个国家的航空公司在经营某条国际航线的同时，获得在中途 第三国经停并载运客货的权 ...

目前，南航物流共运营19架波音777全货机，每周执飞定期国际航班超80班，形成国内辐射全球的全货 机货运航线网络。南航物流将积极响应共建"一带一路"倡议，持续拓宽"空中丝路"，不断增强核心能 力、提高核心竞争力，进一步开拓新兴国际市场，为国货出海保驾护航。（编辑：许浩存 校对：陈虹 莹 审核：韩磊） 近年来，中新两国在农产品、电子产品、消费品等领域的贸易合作不断深化。据报道，中新自贸协定生 效以来，中新双边货物贸易额增长近300亿新元，2025年一季度，中新贸易总额105.1亿新元，同比增长 8.9%。为满足日益旺盛的澳新货运需求，南航物流新开新西兰货机航线，进一步开拓新兴市场，打通 国际空中运输大动脉。 新航线由波音777全货机定期执飞，将有效弥补大洋洲方向运力缺口，大幅缩短大湾区与澳新地区货物 运输时间，为大湾区300余家跨境电商和高端制造企业出海提供更高效的物流解决方案。 该航线同时也是南航首条第五航权货运航线。第五航权也称第三国准入权，是指一个国家的航空公司在 经营某条国际航线的同时，获得在中途第三国经停并载运客货的权利。"通过第五航权，南航物流顺利 在澳洲和新西兰之间搭起全货机桥梁，通过在悉尼和奥克 ...

Core Viewpoint - The launch of a new international cargo route from Guangzhou to Auckland and Sydney marks the first regular all-cargo flight from mainland China to New Zealand, enhancing logistics efficiency for cross-border e-commerce and high-end manufacturing in the Greater Bay Area [1] Group 1: New Route Details - The new route operates under the fifth freedom rights, allowing the airline to carry passengers and cargo between third countries while operating an international route [1] - The route is serviced by Boeing 777 freighters, operated by China Southern Airlines Logistics, addressing the capacity gap in the Oceania direction [1] Group 2: Impact on Logistics - The new service significantly reduces transportation time for goods between the Greater Bay Area and Australia/New Zealand, providing more efficient logistics solutions for over 300 cross-border e-commerce and high-end manufacturing companies in the region [1] - China Southern Airlines Logistics currently operates 19 Boeing 777 freighters, conducting over 80 regular international flights weekly, contributing to the establishment of a global cargo route network from the Greater Bay Area [1]

《中国民航报》、中国民航网 记者胡夕姮 通讯员冯仕滨 报道：7月1日，由中州航空执飞的波音737- 800货机满载货物从芜宣机场起飞，同日分别飞往孟加拉达卡国际机场和菲律宾宿务国际机场。这是芜 宣机场本年度第二次在同一天连续新开两条国际货运航线，计划每周执行5班达卡、5班宿务。 "芜湖—达卡"和"芜湖—宿务"2条货运航线的开通，为芜湖与东南亚地区的国际贸易搭建了两条高效、 稳定、便捷的空中"高速公路"。这不仅为芜湖乃至安徽及周边地区的产业升级和开放型经济发展注入了 强大动力，还将进一步助力拓展国际经贸合作，打造区域经济发展的新引擎，推动实现更高水平的对外 开放。 这2条新航线是芜宣机场开通的第6条和第7条全货机国际货运航线。目前，机场国际货运航线共覆盖东 南亚、东亚、南亚5国。自2024年6月28日以来，机场累计完成国际货邮吞吐量约6500吨，进出口货值约 16.8亿元。 未来，芜宣机场将围绕"专业性航空货运枢纽"的核心功能定位，不断优化和拓展货运航线网络，完善机 场货运基础设施及交通体系，积极拓展多式联运、空空中转等运输产品，积极对接芜湖及安徽周边区域 企业，全力服务奇瑞、大陆汽车、纬湃电子、美的、芜湖长信 ...

从行业市盈率排名来看，公司所处的物流行业行业市盈率平均25.21倍，行业中值27.20倍，顺丰控股排 名第30位。 序号股票简称PE(TTM)PE(静)市净率总市值(元)13顺丰控股22.9723.702.562409.97亿行业平均 25.2127.591.91171.60亿行业中值27.2027.091.7156.04亿1东航物流7.947.811.16209.87亿2物产中大 8.759.190.69282.95亿3中国外运9.869.460.93370.55亿4中谷物流10.2111.091.75203.50亿5韵达股份 10.6610.150.95194.25亿6圆通速递11.1610.921.35438.08亿7嘉友国际12.1111.682.55149.11亿8厦门象屿 13.0513.981.16198.41亿9密尔克卫14.0414.571.8782.34亿10浙商中拓14.4812.450.9345.92亿11安通控股 14.8019.411.08118.48亿12中创物流14.9115.281.5938.62亿 资金流向方面，7月2日，顺丰控股主力资金净流出8851.87万元，近5日总体 ...

TU-204型货运飞机装载货物。岳千惠 摄 6月26日，甘肃省民航物流公司成功首开"兰州=莫斯科"国际货运航线。这不仅是对此前"兰州=塔什干"货运航线的有力拓展，更以首次引进TU-204型全货 机，在中国西部与东欧市场间架起了一条全新的"空中丝绸之路"。随着每周2—3班常态化的运营，这条航线正以稳定的运力，显著提升西北地区与俄罗斯 及周边国家的货物运输时效，为兰州中川国际机场三期投运百日答卷添上了浓墨重彩的一笔。 空铁联运：从地理中心到立体枢纽的百日蜕变 作为国内首创的空铁换乘枢纽，27万平方米的综合交通中心将航空、高铁、公交等多种交通方式编织成网，实现"下高铁即登机"的便捷体验。数据显示， 3月20日至6月27日，机场累计保障运输起降3.41万架次、旅客吞吐量478.20万人次，同比分别增长5.63%、9.20%，枢纽能级提升态势显著。 地面交通网络同样高效协同，中川机场东高铁站自3月20日以来累计发送旅客54.85万人次，日均发送5485人；累计到达旅客74.17万人，日均到达7624人； 民航巴士运送旅客45.42万人次，其中长途旅客达4.13万人次。连接新区秦王川高铁站与机场间的免费巴士，打通了无忧换 ...

Core Viewpoint - The successful launch of the "Lanzhou-Moscow" international cargo route by Gansu Civil Aviation Logistics Company marks a significant step in enhancing air freight connectivity between Western China and Eastern Europe, establishing a new "air silk road" [2][3] Group 1: Route Launch Details - The "Lanzhou-Moscow" cargo route was inaugurated on June 26, with a TU-204 cargo aircraft landing at Lanzhou Zhongchuan International Airport [2] - The inaugural flight is set to carry 27 tons of goods and will depart for Moscow on June 27, with plans for 2 to 3 flights per week for regular operations [2] Group 2: Strategic Importance - The launch of this route is seen as a strategic opportunity for Gansu Civil Aviation Logistics Company to leverage the historical moment of the new terminal's operation at Lanzhou Airport [3] - The route aims to significantly improve cargo transport efficiency between Northwest China and Russia, contributing to a more stable, rapid, and efficient air logistics service system [2] Group 3: Future Plans and Market Focus - The company plans to optimize route layouts and refine service measures to enhance the air cargo hub's influence and support trade with countries involved in the "Belt and Road" initiative [3] - There is a focus on boosting cross-border e-commerce and cold chain logistics, aiming to create new trade channels with Russia and Central Asia [3]

Core Points - A new international cargo flight route from Urumqi, Xinjiang to Navoi, Uzbekistan has been launched, operated by Uzbekistan Airways with a B767-300F aircraft, carrying 52.32 tons of export goods and planning to operate two flights weekly [1][2] - This route is the second international cargo route to Uzbekistan opened by Xinjiang Airport Group Tianyi International Logistics Company this year, marking the fifth international cargo route operated independently by the company [1][2] - Xinjiang Airport Group has achieved significant growth in cargo throughput, with Urumqi International Airport handling 110,600 tons of cargo and mail from January to May 2025, a year-on-year increase of 62.70%, and international cargo flights increasing by 687.97% [1][2] Industry Developments - The successful launch of the Urumqi-Navoi international cargo route is a strategic move by Xinjiang Airport Group to respond to the Belt and Road Initiative, enhancing logistics efficiency between China and Uzbekistan and reducing cross-border trade costs [2] - The company aims to strengthen its service capabilities and market competitiveness in Central Asia by building a comprehensive and efficient international air cargo network [2] - Future plans include improving the international cargo network, enhancing service capabilities, and advancing infrastructure to support high-quality development of foreign trade in Xinjiang [2]