每经AI快讯，顺丰控股（SZ 002352，收盘价：40.45元）10月9日晚间发布公告称，截至2025年9月30 日，公司通过股份回购专用证券账户以集中竞价方式回购公司A股股份约743万股，回购总金额约为人 民币约3亿元，回购股数占公司目前总股本0.15%，平均成交价为人民币40.36元/股（最高成交价为人民 币42.23元/股，最低成交价为人民币39.66元/股）。 （记者 曾健辉） 2025年1至6月份，顺丰控股的营业收入构成为：速运物流占比97.73%，其他非物流业务占比2.27%。 截至发稿，顺丰控股市值为2038亿元。 每经头条（nbdtoutiao）——与美元脱钩后，暴涨102倍，揭秘黄金疯涨背后神秘的"无形之手"！专家： 推动金价上涨的逻辑没有变 ...

截至发稿，顺丰控股市值为2076亿元。 每经AI快讯，顺丰控股（SZ 002352，收盘价：41.19元）9月16日晚间发布公告称，公司第六届第二十 四次董事会会议于2025年9月16日在公司会议室以通讯表决方式召开。会议审议了《关于调整公司2022 年A股股票期权激励计划行权价格的议案》等文件。 每经头条（nbdtoutiao）——海拔4306米现"秦始皇密令"，获官方"身份认定"！古文字学家刘钊：秦人 寻仙采药足迹确至青藏高原 2025年1至6月份，顺丰控股的营业收入构成为：速运物流占比97.73%，其他非物流业务占比2.27%。 （记者 王晓波） ...

每经AI快讯，顺丰控股（SZ 002352，收盘价：48.4元）8月28日晚间发布公告称，公司第六届第二十三 次董事会会议于2025年8月28日在公司会议室以现场结合视频通讯方式召开。会议审议了《关于提请公 司股东大会授权董事会办理公司"共同成长"持股计划（A股）相关事宜的议案》等文件。 2024年1至12月份，顺丰控股的营业收入构成为：速运物流占比97.14%，商业销售占比2.12%，其他行 业占比0.74%。 截至发稿，顺丰控股市值为2439亿元。 每经头条（nbdtoutiao）——世界首例基因编辑猪肺成功移植人体 对话主要参与者：距离临床应用还有 多远？ （记者 王晓波） ...

Investment Rating - The report maintains a "Strong Buy" rating for the company, indicating an expectation to outperform the benchmark index by over 20% in the next six months [1][25]. Core Insights - The company reported a revenue of 69.85 billion, a year-on-year increase of 6.9%, with express logistics revenue at 51.81 billion, up 7.2% year-on-year [1]. - The net profit attributable to shareholders for Q1 2025 was 2.23 billion, reflecting a year-on-year growth of 16.9% [1]. - The report highlights a continuous improvement in net profit margin, which reached 3.2%, an increase of 0.3 percentage points year-on-year [1]. Financial Performance Summary - **Revenue and Growth**: The company achieved a revenue of 698.5 billion in Q1 2025, with a year-on-year growth of 6.9%. The express logistics segment contributed 518.1 billion, growing by 7.2% [1]. - **Profitability**: The net profit for Q1 2025 was 22.3 billion, up 16.9% year-on-year, with a net profit margin of 3.2%, which is an increase of 0.3 percentage points from the previous year [1]. - **Operational Metrics**: The express business volume reached 3.54 billion pieces, marking a 19.7% increase year-on-year. However, the average revenue per ticket decreased by 10.5% to 14.63 yuan [1]. - **Cost Management**: The gross profit for Q1 2025 was 9.29 billion, with a gross margin of 13.3%, which is a slight increase of 0.1 percentage points year-on-year. The operating expense ratio improved to 8.9%, down by 0.7 percentage points [1]. Shareholder Returns - The company has initiated a share repurchase plan for A-shares, with a total amount not less than 500 million and not exceeding 1 billion, at a price not exceeding 60 yuan per share [2].

Investment Rating - The report maintains a "Strong Buy" rating for the company, indicating an expectation of outperforming the benchmark index by over 20% in the next six months [1][25]. Core Insights - The company reported a revenue of 69.85 billion, a year-on-year increase of 6.9%, with express logistics revenue at 51.81 billion, up 7.2% year-on-year [1]. - The net profit attributable to shareholders for Q1 2025 was 2.23 billion, reflecting a year-on-year growth of 16.9% [1]. - The report highlights a continuous improvement in net profit margin, which reached 3.2%, an increase of 0.3 percentage points year-on-year [1]. Financial Performance Summary - **Revenue and Growth**: The company achieved a revenue of 698.5 billion in Q1 2025, with a year-on-year growth of 6.9%. The express logistics segment contributed 518.1 billion, growing 7.2% year-on-year [1]. - **Profitability**: The net profit for Q1 2025 was 22.3 billion, up 16.9% year-on-year, with a net profit margin of 3.2%, which is an increase of 0.3 percentage points from the previous year [1]. - **Operational Metrics**: The express business volume reached 3.54 billion, marking a year-on-year increase of 19.7%. However, the average revenue per ticket decreased by 10.5% to 14.63 yuan [1]. - **Cost Management**: The gross profit for Q1 2025 was 9.29 billion, with a gross margin of 13.3%, which is an increase of 0.1 percentage points year-on-year. The operating expense ratio decreased by 0.7 percentage points to 8.9% [1]. Shareholder Returns - The company announced a share repurchase plan for A-shares, with a total amount not less than 500 million and not exceeding 1 billion yuan, at a price not exceeding 60 yuan per share [2].

Core Viewpoint - In 2024, the company achieved significant revenue and profit growth, driven by its express logistics and supply chain businesses, with a focus on cost reduction and efficiency improvement [1][2][3]. Financial Performance - The company reported a total revenue of 284.42 billion yuan in 2024, representing a year-on-year increase of 10.1% [1][2]. - The net profit attributable to shareholders reached 10.17 billion yuan, up 23.5% year-on-year, marking a historical high [3][4]. - The adjusted net profit was 9.15 billion yuan, reflecting a 28.2% increase compared to the previous year [3]. Business Volume and Pricing - The total business volume for 2024 was 13.26 billion parcels, an increase of 15.5% year-on-year, with an average price per parcel of 15.5 yuan, down 6.2% [1][2]. - In Q4 2024, the business volume reached 3.83 billion parcels, up 17.8% year-on-year, with an average price of 14.6 yuan, down 8.2% [1][2]. Cost and Profitability - The gross profit margin for 2024 was 13.9%, an increase of 1.1 percentage points year-on-year [3][4]. - The net profit margin improved from 3.2% to 3.6% year-on-year, driven by cost optimization efforts [3][4]. Shareholder Returns - Capital expenditures decreased by 27% to 9.9 billion yuan, representing 3.5% of revenue [5]. - Free cash flow increased by 70% to 22.3 billion yuan, providing a solid foundation for dividends and share buybacks [5]. - The dividend payout ratio for 2024 was 40%, with a one-time dividend accounting for 47% of net profit [6][7]. Future Outlook - Revenue projections for 2025-2027 are 319.06 billion yuan, 354.32 billion yuan, and 390.61 billion yuan, with expected year-on-year growth rates of 12%, 11%, and 10% respectively [8]. - The company is expected to maintain a focus on cost reduction and efficiency improvements, which will support steady profit growth and shareholder returns [8].