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% ...

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 Insights - SF Holding (002352.SZ) is transitioning from a leading express delivery company to a comprehensive logistics service provider, leveraging its strong control over the entire logistics chain and heavy asset layout to maintain service quality and brand influence [3] - The company has achieved significant cost reductions, totaling over 3.8 billion yuan since 2021, through multi-network integration and operational transformations [3][4] - The "activation operation" strategy has led to a sustained monthly volume growth of over 30% in 2025, although there is still room for profit margin optimization due to prior investments [4] Summary by Sections Company Overview - SF Holding is recognized as a direct express delivery leader, with a robust logistics network built on its direct operation model [3] - The company is expected to see supply chain and international business become its second growth curve [3] Cost Management - The integration of multiple networks has enabled resource reuse and cost reduction across the logistics chain, with a cumulative cost reduction of over 3.8 billion yuan since 2021 [3] - Operational changes, including optimization of transfer efficiency and automation, have contributed to ongoing cost improvements [3] Growth Potential - The company anticipates structural efficiency improvements and cost reductions in Q4 2025, with a forecast of stable net profit growth for the year [4] - SF Holding is positioned to benefit from economic recovery, which is expected to enhance its profit elasticity in the medium to long term [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 Insights - SF Holding reported a total revenue of 26.454 billion yuan in October 2025, representing a year-on-year growth of 9.79% [2][3] - The express logistics business volume reached 1.524 billion packages in October, a year-on-year increase of 26.26%, marking a historical high for the company [4][5] - The company continues to implement its "activation operation" mechanism to enhance market expansion and improve service competitiveness [4][6] Revenue Breakdown - In October, the express logistics business generated revenue of 20.091 billion yuan, up 13.68% year-on-year, while the supply chain and international business revenue was 6.363 billion yuan, showing a slight decline of 0.93% [3][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][5] Market Context - The logistics industry is experiencing steady growth, supported by national policies aimed at reducing costs and improving efficiency [2][4] - The overall postal industry reported a cumulative business volume of 177.25 billion items in the first ten months of 2025, with express delivery volume reaching 162.68 billion items, reflecting a year-on-year growth of 16.1% [2] Strategic Initiatives - SF Holding is focusing on sustainable development and high-quality service to meet the increased demand during peak shopping seasons [4][6] - The company is adapting to market changes by leveraging its global network and product offerings, particularly in international freight and supply chain services [4][6] Future Outlook - The company anticipates steady growth in net profit for 2025, despite short-term pressure on profitability due to pricing declines [6][7] - SF Holding aims to maintain a stable net profit in the fourth quarter of 2025 and continue to strengthen its strategic position in the logistics market [7][8] Partnerships and Collaborations - In October, SF Holding established a strategic partnership with Zeiss for global distribution and collaborated with Meituan Health to enhance its pharmaceutical supply chain capabilities [9]