Core Viewpoint - SF Holding (002352) shows a steady increase in revenue and profit for the first three quarters of 2025, indicating a positive growth trend in its core logistics business despite a decline in quarterly net profit in Q3 2025 [2] Financial Performance - For the first three quarters of 2025, SF Holding reported a total revenue of 225.26 billion yuan, an increase of 8.89% year-on-year [2] - The net profit attributable to shareholders reached 8.31 billion yuan, up 9.07% year-on-year [2] - The net profit excluding non-recurring items was 6.78 billion yuan, showing a modest increase of 0.52% year-on-year [2] - In Q3 2025, the company achieved a single-quarter revenue of 78.40 billion yuan, reflecting an 8.21% year-on-year increase [2] - However, the net profit for Q3 2025 was 2.57 billion yuan, down 8.53% year-on-year, and the net profit excluding non-recurring items was 2.23 billion yuan, down 14.17% year-on-year [2] Debt and Profitability Metrics - The company's debt ratio stands at 49.99%, indicating a moderate level of leverage [2] - Investment income for the period was reported at 1.18 billion yuan, while financial expenses amounted to 1.33 billion yuan [2] - The gross profit margin is recorded at 12.96%, reflecting the company's operational efficiency [2] Market Activity - On December 25, 2025, SF Holding's stock closed at 38.28 yuan, with a slight increase of 0.24% [1] - The trading volume was 135,800 lots, with a total transaction value of 520 million yuan [1] - The net inflow of main funds was 23.06 million yuan, accounting for 4.43% of the total transaction value, while retail investors saw a net inflow of 38.17 million yuan, representing 7.33% of the total [1] Analyst Ratings - Over the past 90 days, 16 institutions have provided ratings for SF Holding, with 13 recommending a buy and 3 suggesting an increase in holdings [2] - The average target price set by institutions over the same period is 52.53 yuan [2]

Core Viewpoint - SF Holding (002352) reported a closing price of 38.27 yuan on December 23, 2025, with a slight decline of 0.1% and a trading volume of 16.7 million shares, amounting to a total transaction value of 640 million yuan [1] Group 1: Financial Performance - For the first three quarters of 2025, SF Holding achieved a main operating revenue of 225.26 billion yuan, representing a year-on-year increase of 8.89% [3] - The net profit attributable to shareholders for the same period was 8.31 billion yuan, up 9.07% year-on-year [3] - The third quarter of 2025 saw a single-quarter main operating revenue of 78.40 billion yuan, an increase of 8.21% year-on-year, while the net profit for the quarter was 2.57 billion yuan, down 8.53% year-on-year [3] Group 2: Market Position and Ratios - SF Holding's total market capitalization is 192.86 billion yuan, ranking first in the logistics industry [3] - The company has a net asset value of 108.98 billion yuan, also ranking second in the industry [3] - The price-to-earnings ratio (P/E) is 17.41, slightly above the industry average of 17.11, ranking 13th [3] - The gross profit margin stands at 12.96%, below the industry average of 13.97%, ranking 22nd [3] Group 3: Fund Flow Analysis - On December 23, 2025, the net inflow of main funds was 37.24 million yuan, accounting for 5.82% of the total transaction value [2] - Retail investors experienced a net outflow of 7.08 million yuan, representing 1.11% of the total transaction value [2] - Over the past five days, the highest net inflow of main funds was recorded on December 22, with 81.07 million yuan, while the largest net outflow of retail funds occurred on December 19, totaling 93.32 million yuan [2]

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]

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].

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 ...