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REIT listing (Southern SF Warehousing Logistics)南方顺丰仓储物流REIT上市
7 · 2024-01-01 → 2025-04-21
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SF Holding's infrastructure REIT listing on the Shenzhen Stock Exchange, using three logistics parks as underlying assets.顺丰控股以三个物流园为基础资产，在深交所发行基础设施REIT。
2024-01-01SF Holding announced it will apply for a public infrastructure REIT listing on the Shenzhen Stock Exchange, using three logistics park projects with total floor area of 481,600 sqm as underlying assets, tentatively named 'Southern SF Warehousing & Logistics Closed-end Infrastructure Securities Investment Fund'.顺丰控股宣布拟以三个物流产业园项目（总建筑面积48.16万平方米）作为基础资产，申报在深交所上市基础设施公募REITs，产品暂定名为'南方顺丰仓储物流封闭式基础设施证券投资基金'。
2024-09-24SF Holding's 'Southern SF Warehouse Logistics REIT' was formally filed on the Shenzhen Stock Exchange, with underlying assets including SF South China Transfer Center (Shenzhen), SF Fengtai Park Hefei, and SF Fengtai Park Wuhan.南方顺丰仓储物流REIT正式申报深交所，底层资产包括顺丰华南转运中心（深圳）、顺丰丰泰产业园·合肥、顺丰丰泰产业园·武汉。
2024-12-06HKEX confirmed SF Holding can proceed with the proposed spin-off of SF Infrastructure REIT on Shenzhen Stock Exchange, involving three projects: SF South China Logistics Complex (Shenzhen), SF Fengtai Park (Wuhan), and SF Fengtai Park (Hefei).港交所确认顺丰控股可在深交所进行顺丰基础设施REIT的建议分拆，涉及三个项目：顺丰华南物流综合体（深圳）、顺丰丰泰产业园（武汉）、顺丰丰泰产业园（合肥）。
2025-01-08SF Holding announced that the Hong Kong Stock Exchange confirmed on Dec 6, 2024, the proposed spin-off of SF Infrastructure REIT for listing on the Shenzhen Stock Exchange, comprising three logistics projects in Shenzhen, Wuhan, and (unlisted).顺丰控股公告，港交所于2024年12月6日确认其可在深交所分拆上市顺丰基础设施REIT，包含深圳、武汉等三个物流项目。
2025-02-27Southern SF Warehousing Logistics REIT received Shenzhen Stock Exchange approval for listing; initial fundraising of RMB 3.303 billion for three warehousing projects in Shenzhen, Wuhan, and Hefei.南方顺丰仓储物流REIT获深交所审核通过，首期募集资金33.03亿元，用于深圳、武汉、合肥三大仓储物流项目。
2025-03-05China Securities Regulatory Commission approved the registration of 'Southern SF Logistics REIT', a closed-end infrastructure fund with 1 billion units and a 43-year term, managed by China Southern Asset Management, custodian by China Merchants Bank; underlying assets valued at ~RMB 3.041 billion (480,000 sqm).中国证监会准予‘南方顺丰仓储物流REIT’注册，契约型封闭式，份额10亿份，期限43年，南方基金管理，招商银行托管；底层资产估值约30.41亿元（48万平方米）。
2025-04-21Southern SF Logistics REIT (code 180305), sponsored by SF Holding, was listed on the Shenzhen Stock Exchange; final fundraising scale RMB 3.29 billion, issue price RMB 3.29/unit, with 70% strategic placement (SF subsidiaries subscribed 34%).南方顺丰物流REIT（代码180305）在深圳证券交易所上市，由顺丰控股发起；最终募集规模32.9亿元，发行价格3.29元/份，战略配售占70%（顺丰子公司认购34%）。
Debt & bond issuance activities债务及债券发行活动
6 · 2024-01-11 → 2026-03-23
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Issuance of corporate bonds, ultra-short-term commercial paper, and USD-denominated bond repurchase for capital structure optimization.发行公司债券、超短期融资券及回购美元债券以优化资本结构。
2024-01-11SF Holding's wholly-owned subsidiary Shenzhen SF Taisen Holding (Group) received CSRC approval to publicly issue corporate bonds to professional investors with a total face value of up to RMB 5 billion, valid for 24 months.顺丰控股全资子公司深圳顺丰泰森控股（集团）收到中国证监会批复，同意其向专业投资者公开发行面值总额不超过50亿元的公司债券，批复自同意注册之日起24个月内有效。
2024-03-12Wholly-owned subsidiary Shenzhen SF Taisen Holdings issued the 2024 first tranche of ultra-short-term commercial paper under a multi-variety debt financing instrument registration approved by NAFMII.全资子公司深圳顺丰泰森控股发行2024年度第一期超短期融资券，该注册已获中国银行间市场交易商协会批准。
2024-04-30SF Holding's subsidiary Shenzhen SF Taisen completed full redemption and delisting of '21 Shunfeng G1' corporate bond on April 26, 2024.顺丰控股全资子公司深圳顺丰泰森完成'21顺丰G1'公司债券本息兑付及摘牌。
2025-06-02SF Holding announced results of a tender offer to repurchase up to USD 350 million of its USD-denominated bonds (SF HLDG N3002 and SF HLDG N3111) at prices of USD 937.00-943.50 per USD 1,000 principal, to optimize capital structure and reduce financing costs.顺丰控股宣布要约回购结果，以每1000美元本金937.00-943.50美元的价格回购不超过3.5亿美元的美元债券（SF HLDG N3002和SF HLDG N3111），以优化资本结构并降低融资成本。
2025-12-08Board approved issuance of up to RMB 15 billion equivalent in debt financing instruments via subsidiaries SF Taisen and SFHG 2026, including up to RMB 5 billion offshore, for working capital and debt optimization.董事会批准通过子公司顺丰泰森和SFHG 2026发行不超过等值150亿元债务融资工具，其中境外不超过50亿元，用于补充流动资金和优化债务。
2026-03-23SF Holding's wholly-owned subsidiary Shenzhen SF Taisen Holding (Group) received CSRC approval to publicly issue corporate bonds to professional investors up to RMB 5 billion, valid for 24 months.顺丰控股全资子公司深圳顺丰泰森控股获中国证监会批复，同意向专业投资者公开发行不超过50亿元公司债券，有效期24个月。
Controlling shareholder Mingde Holdings pledge & bond activities控股股东明德控股质押及债券活动
21 · 2024-01-19 → 2026-05-12
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Ongoing share pledges, releases, and exchangeable bond issuances by SF Holding's controlling shareholder for financing purposes.控股股东明德控股持续的股份质押、解除及可交换债券发行融资活动。
2024-01-19SF Holding's controlling shareholder Shenzhen Mingde Holding Development pledged 52 million shares (1.06% of total share capital) to China CITIC Bank Shenzhen Branch for financing.顺丰控股控股股东深圳明德控股发展有限公司向中信银行股份有限公司深圳分行质押5200万股（占总股本1.06%）用于融资。
2024-02-06Controlling shareholder Mingde Holdings released a pledge of 49 million shares (1.84% of its holdings) and transferred 42.43 million shares to a guarantee and trust account for exchangeable bonds.控股股东明德控股解除质押4900万股，并将4243万股划转至担保及信托专户用于可交换债券。
2024-03-01Controlling shareholder Mingde Holdings pledged 43.6 million shares (0.89% of total shares) to Bank of China Shenzhen Dongmen Sub-branch for financing, raising total pledged shares to 1.028 billion (38.60% of its holdings).控股股东明德控股向中国银行深圳东门支行质押4360万股（占总股本0.89%）用于融资，累计质押股份增至10.28亿股（占其持股38.60%）。
2024-03-22Controlling shareholder Mingde Holdings released a pledge of 53 million shares to Bo Shi Capital and re-pledged 54.5 million shares to China Merchants Bank and China CITIC Bank for financing. Net pledged shares after changes: 1.026 billion (38.54% of its holdings).控股股东明德控股解除向博时资本质押的5300万股，并重新向招商银行和中信银行质押5450万股用于融资。变更后累计质押股份10.26亿股（占其持股38.54%）。
2024-05-15SF Holding's controlling shareholder Mingde Holdings partially released pledge of 67.2 million shares and newly pledged shares for up to 8 billion yuan exchangeable bonds.顺丰控股控股股东明德控股解除质押6720万股，并新质押股份用于不超过80亿元可交换债券。
2024-05-23SF Holding's controlling shareholder Mingde Holdings completed non-public issuance of exchangeable bonds (24 Mingde EB) to repay 21 Mingde EB.顺丰控股控股股东明德控股完成非公开发行可交换债券（24明德EB），用于偿还21明德EB。
2024-06-28SF Holding's controlling shareholder Mingde Holdings completed early partial repurchase of '21 Mingde EB' exchangeable bonds (RMB 8 billion, 3-year term, stock-linked).顺丰控股控股股东明德控股完成提前购回部分“21明德EB”可交换债券（规模80亿元，期限3年，挂钩股票）。
2024-08-05SF Holding's shareholder pledge ratio reached 22.26% of total share capital, with 1.072 billion shares pledged, total pledged market value of RMB 36.891 billion.顺丰控股股东质押比例占总股本22.26%，质押10.72亿股，质押总市值368.91亿元。
2024-11-08Controlling shareholder Mingde Holdings pledged 64 million shares (2.40% of its holdings) for a loan, and also released a pledge of 44.5 million shares.控股股东明德控股质押6400万股（占其持股2.40%）用于贷款，并解除质押4450万股。
2024-11-19Controlling shareholder Mingde Holdings released a pledge of 83 million shares and newly pledged 58 million shares.控股股东明德控股解除质押8300万股，并新质押5800万股。
2024-11-24Controlling shareholder Mingde Holdings issued exchangeable bonds '24 Mingde EB' (code 117223) with underlying shares; the '21 Mingde EB' was fully redeemed and the share collateral trust was released.控股股东明德控股发行可交换债券“24明德EB”（代码117223）；“21明德EB”已完成摘牌并解除股份担保及信托登记。
2024-12-06Controlling shareholder Mingde Holdings (明德控股) released a pledge on 81.8 million A-shares of SF Holding.控股股东明德控股解除所持顺丰控股8180万股A股股份质押。
2024-12-27Controlling shareholder Mingde Holdings released a pledge on 75 million A-shares of SF Holding (1.50% of total share capital) on 2024-12-26.控股股东明德控股于2024年12月26日解除所持顺丰控股7500万股A股股份质押（占总股本1.50%）。
2025-03-19SF Holding's controlling shareholder Shenzhen Mingde Holdings pledged 53 million A-shares (1.06% of total shares) to Ping An Bank Shenzhen Branch for financing, increasing cumulative pledged shares to 948.6 million (19.02% of total shares).顺丰控股控股股东深圳明德控股质押5300万股A股（占总股本1.06%）给平安银行深圳分行用于融资，累计质押9.486亿股（占总股本19.02%）。
2025-04-08SF Holding's controlling shareholder Shenzhen Mingde Holding Development Co., Ltd. released a pledge of 70 million A-shares (1.40% of total share capital) to East Asia Bank (China) Beijing Branch, reducing pledged shares to 33.01% of its holdings.顺丰控股控股股东深圳明德控股发展有限公司解除质押7000万股A股（占总股本1.40%），质权人为东亚银行（中国）有限公司北京分行，质押股份降至其所持股份的33.01%。
2025-07-25SF Holding's controlling shareholder Mingde Holdings released a pledge of 16 million A-shares (0.60% of its holdings, 0.32% of total shares) on July 24, 2025. After release, cumulative pledged shares stood at 863 million, representing 32.41% of its holdings.顺丰控股控股股东明德控股于2025年7月24日解除质押1600万股A股（占其所持股份0.60%，占总股本0.32%）。解除后，累计质押股份为8.63亿股，占其持股总数的32.41%。
2025-10-17Controlling shareholder Mingde Holdings pledged 42 million A-shares (0.83% of total shares) for financing; cumulative pledged shares reached 905 million (36.74% of its holdings, 17.95% of total shares).控股股东明德控股质押4200万股A股（占总股本0.83%）用于融资；累计质押9.05亿股（占其持股36.74%，占总股本17.95%）。
2025-10-24Controlling shareholder Mingde Holdings released a pledge on 67 million A-shares (1.33% of total shares); remaining pledged shares stood at 837.593 million (34.02% of its holdings, 16.62% of total shares).控股股东明德控股解除6700万股A股质押（占总股本1.33%）；剩余质押8.37593亿股（占其持股34.02%，占总股本16.62%）。
2026-01-07Controlling shareholder Mingde Holdings pledged 15.5 million A-shares (0.31% of total shares) to China CITIC Bank Shenzhen Branch; cumulative pledged shares reached 34.65% of its holdings.控股股东明德控股将1550万股A股质押给中信银行深圳分行，占公司总股本0.31%；累计质押股份占其持股34.65%。
2026-04-01SF Holding's controlling shareholder Mingde Holdings pledged 10 million shares, bringing total pledged shares to 863 million, or 35.06% of its holdings.顺丰控股控股股东明德控股质押1000万股，累计质押8.63亿股，占其持股比例35.06%。
2026-05-12SF Holding's controlling shareholder Shenzhen Mingde Holdings released a pledge on 22 million A-shares (0.44% of total shares) on May 11, 2026; remaining pledged shares stood at 793 million (32.21% of its holdings).顺丰控股控股股东深圳明德控股于2026年5月11日解除质押2200万股A股（占总股本0.44%）；剩余质押股份7.93亿股（占其持股32.21%）。
Monthly operating data releases月度经营数据发布
30 · 2024-01-19 → 2026-06-18
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Regular monthly disclosures of express logistics and supply chain/international revenue, parcel volume, and ASP.定期月度披露快递物流及供应链/国际业务收入、票件量及单票收入。
2024-01-19SF Holding reported December 2023 operating data: total revenue from express logistics and supply chain/international business was RMB 23.532 billion; express logistics revenue (excluding Fengwang) was RMB 18.075 billion, roughly flat YoY; parcel volume was 1.130 billion, up 7.31% YoY; supply chain and international revenue was RMB 5.457 billion, up 3.82% MoM.顺丰控股发布2023年12月经营数据：速运物流业务、供应链及国际业务合计收入235.32亿元；不含丰网的速运物流业务收入180.75亿元，同比基本持平；业务量11.30亿票，同比增长7.31%；供应链及国际业务收入54.57亿元，环比增长3.82%。
2024-02-19SF Holding reported Jan 2024 operating data: total revenue of CNY 24.357 billion, up 15.52% YoY; express logistics revenue (excl. Fengwang) up 20.72% YoY; parcel volume up 28.30% YoY.顺丰控股发布2024年1月经营数据：合计收入243.57亿元，同比增长15.52%；速运物流业务（不含丰网）收入同比增长20.72%，业务量同比增长28.30%。
2024-02-19SF Holding's supply chain and international business revenue in Jan 2024 reached CNY 4.856 billion, up 2% YoY, driven by stabilizing international air/sea freight demand and rates.顺丰控股2024年1月供应链及国际业务收入48.56亿元，同比增长2%，主因国际空海运需求及运价逐步回稳。
2024-03-19Feb 2024 express logistics business results: express logistics revenue RMB 12.666 billion (-6.18% YoY), parcel volume 778 million (-11.49% YoY), ASP RMB 16.28 (+5.99% YoY). Combined revenue with supply chain & international was RMB 17.265 billion (-1.80% YoY). Jan-Feb cumulative combined revenue grew 7.64% YoY.2024年2月快递物流业务经营简报：速运物流业务收入126.66亿元（同比下降6.18%），业务量7.78亿票（同比下降11.49%），单票收入16.28元（同比增长5.99%）。速运物流及供应链国际业务合计收入172.65亿元（同比下降1.80%）。1-2月累计合计收入同比增长7.64%。
2024-04-19SF Holding reported March 2024 combined revenue of RMB 21.582 billion for express logistics and supply chain/international businesses, up 4.69% YoY.顺丰控股2024年3月速运物流及供应链国际业务合计收入215.82亿元，同比增长4.69%。
2024-05-17SF Holding reported April 2024 express logistics revenue: total 21.273 billion yuan, up 9.92% YoY; express logistics revenue 16.096 billion yuan, up 9.90% YoY; parcel volume 1.027 billion, up 6.10% YoY.顺丰控股发布2024年4月快递物流业务经营简报：合计收入212.73亿元，同比增长9.92%；速运物流收入160.96亿元，同比增长9.90%；业务量10.27亿票，同比增长6.10%。
2024-06-19SF Holding reported May 2024 combined revenue of RMB 22.555 billion for express and supply chain/international businesses, up 11.88% YoY; express volume (ex-Fengwang) grew 21.85% YoY.顺丰控股2024年5月速运物流及供应链/国际业务合计收入225.55亿元，同比增长11.88%；速运业务量（不含丰网）同比增长21.85%。
2024-07-19SF Holding reported June 2024 express logistics revenue of RMB 17.473 billion, up 4.60% YoY; parcel volume 1.108 billion, up 8.95%; supply chain and international revenue RMB 5.672 billion, up 11.04%; total revenue RMB 23.145 billion, up 6.11%.顺丰控股2024年6月速运物流业务收入174.73亿元，同比增长4.60%；业务量11.08亿票，同比增长8.95%；供应链及国际业务收入56.72亿元，同比增长11.04%；合计收入231.45亿元，同比增长6.11%。
2024-08-02SF Holding's June express delivery business volume exceeded 1.108 billion parcels, up 8.95% YoY; total revenue including supply chain and international business reached RMB 23.145 billion, up 6.11% YoY.顺丰控股6月速运业务量超11.08亿票，同比增长8.95%；供应链及国际业务合计营收231.45亿元，同比增长6.11%。
2024-08-19SF Holding's July 2024 express logistics business revenue was RMB 16.228 billion, up 9.87% YoY; parcel volume 1.030 billion, up 16.65% YoY; total revenue including supply chain and international business was RMB 22.598 billion, up 15.41% YoY.顺丰控股2024年7月速运物流业务收入162.28亿元，同比增长9.87%；业务量10.30亿票，同比增长16.65%；合计收入225.98亿元，同比增长15.41%。
2024-09-18SF Holding reported August 2024 operating data: total revenue of RMB 22.981 billion (+13.36% YoY), express logistics revenue RMB 16.346 billion (+8.58%), parcel volume 1.043 billion (+14.62%), supply chain & international revenue RMB 6.635 billion (+27.16%).顺丰控股发布2024年8月经营数据：合计收入229.81亿元（同比+13.36%），速运物流收入163.46亿元（+8.58%），业务量10.43亿票（+14.62%），供应链及国际收入66.35亿元（+27.16%）。
2024-10-18SF Holding reported September 2024 express logistics revenue of RMB 24.827 billion (up 9.01% YoY), with express delivery revenue of RMB 18.26 billion (up 4.75%), parcel volume of 1.141 billion (up 12.64%), and supply chain & international revenue of RMB 6.567 billion (up 22.89%).顺丰控股披露2024年9月快递物流业务收入合计248.27亿元（同比增长9.01%），其中速运物流收入182.6亿元（增长4.75%），业务量11.41亿票（增长12.64%），供应链及国际收入65.67亿元（增长22.89%）。
2024-11-18October 2024 operating data: total revenue from express logistics and supply chain/international business was RMB 24.096 billion, +16.16% YoY; express logistics revenue RMB 17.673 billion, +14.26%; parcel volume 1.207 billion, +26.92%; supply chain & international revenue RMB 6.423 billion, +21.74%.2024年10月经营数据：速运物流及供应链/国际业务合计收入240.96亿元，同比增长16.16%；速运物流收入176.73亿元，增长14.26%；业务量12.07亿票，增长26.92%；供应链及国际收入64.23亿元，增长21.74%。
2024-12-19SF Holding reported November 2024 operating data: total revenue RMB 25.196 billion (+6.73% YoY); express logistics revenue RMB 18.802 billion (+2.45%), volume 1.277 billion parcels (+8.68%); supply chain & international revenue RMB 6.394 billion (+21.65%).顺丰控股发布2024年11月经营数据：合计收入251.96亿元（同比+6.73%）；速运物流收入188.02亿元（+2.45%），业务量12.77亿票（+8.68%）；供应链及国际收入63.94亿元（+21.65%）。
2025-01-17SF Holding reported December 2024 operating data: express logistics revenue RMB 19.636 billion (+8.64% YoY), parcel volume 1.35 billion (+19.47% YoY), ASP RMB 14.55 (-9.06% YoY); supply chain & international revenue RMB 6.801 billion (+24.63% YoY); total revenue RMB 26.437 billion (+12.34% YoY).顺丰控股发布2024年12月经营数据：速运物流收入196.36亿元（同比+8.64%），业务量13.5亿票（+19.47%），单票收入14.55元（-9.06%）；供应链及国际收入68.01亿元（+24.63%）；合计收入264.37亿元（+12.34%）。
2025-02-19SF Holding's Jan 2025 express logistics revenue was RMB 20.763 billion (+6.47% YoY), parcel volume 1.33 billion (+15.95%), single-ticket revenue RMB 15.61 (-8.18%); supply chain & international revenue RMB 5.514 billion (+13.55%); total combined revenue RMB 26.277 billion (+7.88% YoY).顺丰控股2025年1月速运物流业务收入207.63亿元（同比+6.47%），业务量13.30亿票（+15.95%），单票收入15.61元（-8.18%）；供应链及国际业务收入55.14亿元（+13.55%）；合计收入262.77亿元（+7.88%）。
2025-03-19SF Holding reported Feb 2025 operating data: total revenue RMB 18.371 billion (+6.41% YoY); express logistics revenue RMB 13.149 billion (+3.81%), parcel volume 916 million (+17.74%), ASP RMB 14.35 (-11.86%); supply chain & international revenue RMB 5.222 billion (+13.55%).顺丰控股2025年2月经营数据：总收入183.71亿元（+6.41%）；速运物流收入131.49亿元（+3.81%），业务量9.16亿票（+17.74%），单票收入14.35元（-11.86%）；供应链及国际收入52.22亿元（+13.55%）。
2025-04-17SF Holding reported March 2025 express logistics business: express revenue RMB 17.897 billion (+10.61% YoY), parcel volume 1.295 billion (+25.36% YoY), ASP RMB 13.82 (-11.75% YoY); supply chain & international revenue RMB 5.764 billion (+6.7% YoY).顺丰控股发布2025年3月快递物流业务经营简报：速运物流收入178.97亿元（同比+10.61%），业务量12.95亿票（同比+25.36%），单票收入13.82元（同比-11.75%）；供应链及国际收入57.64亿元（同比+6.7%）。
2025-05-19SF Holding reports April 2025 operating data: total revenue of 23.915 billion yuan, up 12.42% YoY; express logistics revenue 18.003 billion yuan, up 11.85%; parcel volume 1.335 billion, up 29.99%; supply chain and international revenue 5.912 billion yuan, up 14.20%.顺丰控股发布2025年4月经营数据：总营收239.15亿元，同比增长12.42%；速运物流收入180.03亿元，同比增长11.85%；业务量13.35亿票，同比增长29.99%；供应链及国际业务收入59.12亿元，同比增长14.20%。
2025-06-19SF Holding reported May 2025 operating data: total revenue from express logistics and supply chain/international business reached RMB 25.113 billion, up 11.34% YoY; express logistics revenue grew 13.36% and parcel volume surged 31.76% to 1.477 billion pieces.顺丰控股发布2025年5月经营数据：速运物流及供应链国际业务合计收入251.13亿元，同比增长11.34%；速运物流收入增长13.36%，业务量增长31.76%至14.77亿票。
2025-07-18SF Holding reported June 2025 operating data: express logistics revenue RMB 19.962 billion (+14.24% YoY), parcel volume 1.460 billion pieces (+31.77% YoY), revenue per ticket RMB 13.67 (-13.32% YoY). Supply chain & international revenue RMB 6.292 billion (+10.93% YoY). Combined revenue RMB 26.254 billion (+13.43% YoY).顺丰控股发布2025年6月经营数据：速运物流业务收入199.62亿元（同比+14.24%），业务量14.60亿票（同比+31.77%），单票收入13.67元（同比-13.32%）。供应链及国际业务收入62.92亿元（同比+10.93%）。合计收入262.54亿元（同比+13.43%）。
2025-08-19SF Holding reported July 2025 operating data: total revenue of RMB 24.847 billion (+9.95% YoY), express logistics revenue of RMB 18.657 billion (+14.97%), parcel volume of 1.377 billion (+33.69%), and supply chain & international revenue of RMB 6.190 billion (-2.83% YoY).顺丰控股发布2025年7月经营数据：合计营收248.47亿元（同比+9.95%），速运物流收入186.57亿元（+14.97%），业务量13.77亿票（+33.69%），供应链及国际收入61.90亿元（同比-2.83%）。
2025-10-17Sep 2025 operating data: express logistics revenue CNY 20.9 billion (+14.21% YoY), parcel volume 1.5 billion (+31.81% YoY), revenue per ticket CNY 13.87 (-13.31% YoY); combined supply chain and international revenue CNY 27.007 billion (+8.78% YoY).2025年9月经营数据：速运物流收入209亿元（同比+14.21%），业务量15亿票（同比+31.81%），单票收入13.87元（同比-13.31%）；供应链及国际业务合计收入270.07亿元（同比+8.78%）。
2025-11-19SF Holding reports October 2025 operating data: total revenue 26.454 billion yuan, up 9.79% YoY; express logistics revenue 20.091 billion yuan, up 13.68%; parcel volume 1.524 billion, up 26.26%.顺丰控股发布2025年10月经营数据：总收入264.54亿元，同比增长9.79%；速运物流收入200.91亿元，同比增长13.68%；业务量15.24亿票，同比增长26.26%。
2025-12-19November 2025 operating data: total revenue RMB 27.173 billion (+7.85% YoY), express logistics revenue RMB 20.66 billion (+9.88%), parcel volume 1.534 billion (+20.13%), ASP RMB 13.47 (-8.49%).2025年11月经营数据：合计收入271.73亿元（同比+7.85%），速运物流收入206.6亿元（+9.88%），业务量15.34亿票（+20.13%），单票收入13.47元（-8.49%）。
2026-01-19SF Holding reported December 2025 operating data: total revenue of RMB 27.339 billion (+3.41% YoY); express logistics revenue RMB 20.378 billion (+3.78%), parcel volume 1.476 billion (+9.33%); supply chain & international revenue RMB 6.961 billion (+2.35%).顺丰控股发布2025年12月经营简报：合计收入273.39亿元（同比+3.41%）；速运物流收入203.78亿元（+3.78%），业务量14.76亿票（+9.33%）；供应链及国际收入69.61亿元（+2.35%）。
2026-03-19SF Holding reported February 2026 express logistics revenue of RMB 21.604 billion, up 17.60% YoY; express delivery business revenue was RMB 16.421 billion, up 24.88%; parcel volume was 1.072 billion, up 17.03%.顺丰控股发布2026年2月快递物流业务经营简报，总收入216.04亿元，同比增17.60%；速运物流收入164.21亿元，同比增24.88%；业务量10.72亿票，同比增17.03%。
2026-04-17SF Holding reported March 2026 operating data: express logistics revenue RMB 18.019 billion, up 0.68% YoY; supply chain & international revenue RMB 6.283 billion, up 9.00% YoY; total combined revenue RMB 24.302 billion, up 2.71%.顺丰控股发布2026年3月经营简报：速运物流收入180.19亿元，同比增0.68%；供应链及国际收入62.83亿元，同比增9.00%；合计收入243.02亿元，同比增2.71%。
2026-05-19SF Holding reported April 2026 combined revenue of 25.376 billion yuan, up 6.11% YoY; express logistics revenue 18.385 billion yuan (+2.12%), volume 1.295 billion parcels (-3%), ASP 14.20 yuan (+5.26%); supply chain & international revenue 6.991 billion yuan (+18.25%).顺丰控股2026年4月速运物流及供应链国际业务合计收入253.76亿元，同比增长6.11%；速运物流收入183.85亿元（+2.12%），业务量12.95亿票（-3%），单票收入14.20元（+5.26%）；供应链及国际收入69.91亿元（+18.25%）。
2026-06-18SF Holding reports May 2026 operating data: total revenue RMB 26.586 billion (+5.87% YoY); express logistics revenue RMB 19.45 billion; supply chain & international revenue RMB 7.136 billion (+24.49% YoY).顺丰控股发布2026年5月经营数据：合计收入265.86亿元（同比+5.87%）；速运物流收入194.5亿元；供应链及国际收入71.36亿元（同比+24.49%）。
Kerry Logistics & international acquisitions嘉里物流及国际收购
4 · 2024-01-19 → 2026-05-10
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Acquisition of Alashankou International Express Railway and tender offer for Kerry Express (Thailand) to expand international footprint.收购阿拉山口国际快铁及要约收购Kerry Express（泰国）以拓展国际版图。
2024-01-19Kerry Logistics announced an agreement with SF Holding's subsidiary SF Multimodal to acquire 70% equity of Alashankou International Express Railway.嘉里物流宣布与顺丰控股附属公司顺丰多式联运订立协议，收购阿拉山口国际快铁的70%股权。
2024-02-06SF International Holdings (Thailand) made a tender offer for 73.18% of Kerry Express (Thailand) shares at THB 7.01 billion (approx. CNY 1.416 billion), aiming for 100% ownership.顺丰国际控股（泰国）要约收购嘉里快递（泰国）73.18%流通股，总价约70.1亿泰铢（约14.16亿元人民币），目标100%控股。
2024-12-10SF Holding's board approved a resolution for its subsidiary Kerry Logistics to repurchase perpetual convertible bonds.顺丰控股董事会审议通过控股子公司嘉里物流回购永续可转债的议案。
2026-05-10SF Holding disclosed that its CFO concurrently serves as Chief Strategy Officer of KLN (Kerry Logistics Network); both companies are aligning strategies and accelerating IT system integration for international freight and supply chain synergy.顺丰控股披露，其首席财务官兼任KLN首席战略主管，双方战略方向全面拉通，加速信息化系统融通，在国际货代与供应链业务上形成优势互补。
Executive & governance高管与治理
2 · 2024-01-25 → 2026-03-12
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Sponsor representative change and property lease renewals with related party.保荐代表人变更及关联方物业租赁续约。
2024-01-25CICC replaced its sponsor representative Tian Cong with Peng Yanzhe for SF Holding's 2021 non-public issuance project, due to Tian Cong's job change.中金公司因田聃工作变动，委派彭妍喆接替其担任顺丰控股2021年非公开发行项目的持续督导保荐代表人。
2026-03-12SF Holding's wholly-owned subsidiaries renewed property lease agreements with SF Real Estate Investment Trust (SF REIT) subsidiaries for logistics properties in Hong Kong, Foshan, Wuhu, and Changsha, with total rent of approximately RMB 694 million.顺丰控股全资子公司与顺丰房托下属子公司续签香港、佛山、芜湖、长沙物流物业租赁协议，租金总额约6.94亿元。
Share buyback & cancellation programs股份回购及注销计划
46 · 2024-01-30 → 2026-06-10
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Multiple tranches of A-share buybacks for employee incentives and subsequent cancellations to enhance shareholder value.多轮A股回购用于员工激励及后续注销以提升股东价值。
2024-01-30SF Holding announced a share buyback plan of RMB 500 million to RMB 1 billion at a price not exceeding RMB 55 per share, for future employee stock ownership or equity incentive plans.顺丰控股公告拟以5亿元至10亿元回购公司股份，回购价格不超过55元/股，用于未来员工持股计划或股权激励计划。
2024-01-31SF Holding executed the first tranche of its share buyback, repurchasing 3.747 million shares (0.08% of total share capital) for RMB 132 million at an average price of RMB 35.11 per share.顺丰控股首次实施股份回购，回购374.7万股（占总股本0.08%），总金额1.32亿元，平均成交价35.11元/股。
2024-02-01SF Holding announced a share buyback plan of no less than CNY 500 million and no more than CNY 1 billion, for future employee stock ownership or equity incentive plans.顺丰控股公告拟投入不低于5亿元且不超过10亿元回购股份，用于未来员工持股计划或股权激励。
2024-02-01SF Holding completed its first share repurchase on 31 Jan 2024, buying 3.747 million shares for CNY 131.57 million at an average price of CNY 35.11 per share.顺丰控股于2024年1月31日首次回购374.7万股，耗资1.32亿元，平均成交价35.11元/股。
2024-03-01SF Holding repurchased 7.1324 million shares for RMB 248 million via centralized竞价 as of Feb 29, 2024, as part of a RMB 500 million to RMB 1 billion buyback plan approved on Jan 30, 2024.顺丰控股截至2024年2月29日以集中竞价方式累计回购股份713.24万股，回购金额2.48亿元，作为2024年1月30日批准的5亿至10亿元回购计划的一部分。
2024-03-26Board approved changing the use of repurchased shares from employee stock ownership/equity incentives to cancellation and capital reduction. The 51.05 million shares from the Mar and Sep 2022 buybacks will be cancelled; the Jan 2024 buyback shares will also be cancelled upon completion.董事会同意将回购股份用途由员工持股计划或股权激励变更为注销并减少注册资本。2022年3月及9月回购的5105.09万股将注销；2024年1月回购股份在实施完毕后也将注销。
2024-03-27As of Mar 27, 2024, SF Holding had repurchased 14.21 million shares for approximately RMB 504 million (avg. price RMB 35.48) under the Jan 2024 buyback plan. The company estimated that cancellation of three tranches of buyback shares would reduce share count by ~1.3%-1.6% and boost EPS by ~1.3%-1.6%.截至2024年3月27日，顺丰控股在2024年1月回购计划下已累计回购约1421万股，金额约5.04亿元（均价35.48元）。公司估算三期回购股份注销将减少股本约1.3%-1.6%，增厚每股收益约1.3%-1.6%。
2024-04-01SF Holding completed share buyback of RMB 606 million (17.03 million shares) as of March 31, 2024, at average price of RMB 35.59 per share.截至2024年3月31日，顺丰控股完成股份回购约6.06亿元（1703万股），平均成交价35.59元/股。
2024-04-29SF Holding announced a new share buyback plan (2024 Phase 2) of RMB 500 million to RMB 1 billion, at price up to RMB 53 per share, for employee stock ownership or equity incentives.顺丰控股推出2024年第2期回购方案，金额5亿至10亿元，回购价不超过53元/股，用于员工持股或股权激励。
2024-04-29SF Holding changed the use of repurchased shares from employee stock ownership to cancellation and capital reduction for the 2024 Phase 1 buyback.顺丰控股将2024年第1期回购股份用途由员工持股变更为注销并减少注册资本。
2024-05-05SF Holding repurchased 562,800 shares on April 30, 2024, for 20.34 million yuan, at an average price of 36.14 yuan per share.顺丰控股于2024年4月30日首次回购56.28万股，总金额2034.09万元，均价36.14元/股。
2024-05-05SF Holding announced cancellation of approximately 79.2912 million repurchased shares, reducing registered capital by 79.2912 million yuan.顺丰控股公告注销约7929.12万股已回购股份，相应减少注册资本7929.12万元。
2024-05-31SF Holding repurchased 1.9193 million shares cumulatively from April 30 to May 31, 2024, for 70.4069 million yuan, at an average price of 36.68 yuan per share.顺丰控股自2024年4月30日至5月31日累计回购191.93万股，总金额7040.69万元，均价36.68元/股。
2024-05-31SF Holding's board approved a second 2024 share buyback plan of 500 million to 1 billion yuan, at a price not exceeding 53 yuan per share, within 12 months.顺丰控股董事会审议通过2024年第2期回购方案，资金总额不低于5亿元且不超过10亿元，回购价格不超过53元/股，期限12个月。
2024-06-02SF Holding completed first tranche of share buyback (RMB 1 billion) and launched second tranche (RMB 0.5-1 billion, price cap RMB 53/share); by May 31, had repurchased 1,919,300 shares for ~RMB 70.41 million.顺丰控股完成第一期10亿元股份回购，并启动第二期5-10亿元回购（上限53元/股）；截至5月31日已回购1,919,300股，金额约7,041万元。
2024-07-01SF Holding repurchased 10.1996 million shares for approximately RMB 378 million from April 30 to June 30, 2024, at an average price of RMB 37.10 per share.顺丰控股自2024年4月30日至6月30日累计回购1019.96万股，总金额约3.78亿元，平均成交价37.10元/股。
2024-07-19SF Holding repurchased 13.6963 million shares cumulatively as of July 19, 2024, for approximately RMB 501 million.截至2024年7月19日，顺丰控股累计回购1369.63万股，总金额约5.01亿元。
2024-07-31SF Holding repurchased 14.9358 million shares cumulatively as of July 31, 2024, for approximately RMB 546 million, at an average price of RMB 36.57 per share.截至2024年7月31日，顺丰控股累计回购1493.58万股，总金额约5.46亿元，平均成交价36.57元/股。
2024-09-02SF Holding completed the second tranche of its 2024 share buyback, repurchasing 15.43 million shares for RMB 563 million (average price RMB 36.52/share) as of Aug 31, with a total authorized buyback of RMB 500 million to RMB 1 billion at up to RMB 53/share.顺丰控股完成2024年第二期股份回购，截至8月31日累计回购1543万股，耗资约5.63亿元（均价36.52元/股），授权回购总额5-10亿元，上限53元/股。
2024-10-08As of September 30, 2024, SF Holding had repurchased 20.77 million shares (0.43% of total shares) for approximately RMB 758 million under its second buyback plan (RMB 500 million to RMB 1 billion), at an average price of RMB 36.49 per share.截至2024年9月30日，顺丰控股通过第二期回购方案累计回购2077.14万股（占总股本0.43%），总金额约7.58亿元，平均成交价36.49元/股。
2024-11-01Announced progress of the 2nd share buyback plan for 2024, with total funds between RMB 500 million and RMB 1 billion, price cap at RMB 53/share, valid for 12 months. As of Oct 31, 2024, cumulatively repurchased 20.77 million shares for approx. RMB 758 million.公布2024年第2期回购股份方案进展，资金总额不低于5亿元且不超过10亿元，回购价格上限53元/股，期限12个月。截至2024年10月31日，累计回购约2077万股，总金额约7.58亿元。
2024-12-02SF Holding announced A-share buyback progress: as of 2024-11-30, it had repurchased 20.7714 million shares for approx. RMB 758 million, avg. price RMB 36.49/share.顺丰控股公告A股回购进展：截至2024年11月30日，累计回购2077.14万股，总金额约7.58亿元，均价36.49元/股。
2025-01-02SF Holding disclosed A-share buyback progress: as of Dec 31, 2024, it had repurchased 20,771,358 shares (0.42% of total equity) for about RMB 758 million, at an average price of RMB 36.49 per share.顺丰控股披露A股回购进展：截至2024年12月31日，累计回购20,771,358股（占总股本0.42%），金额约7.58亿元，均价36.49元/股。
2025-02-05SF Holding repurchased 20.77 million A-shares (0.42% of total share capital) for about RMB 758 million, average price RMB 36.49/share, as of Jan 31, 2025.顺丰控股截至2025年1月31日累计回购A股2077.14万股（占总股本0.42%），总金额约7.58亿元，均价36.49元/股。
2025-03-04SF Holding repurchased 20.77 million A-shares (0.42% of total shares) for approximately RMB 758 million by Feb 28, 2025, at an average price of RMB 36.49 per share, as part of its 2nd buyback plan (RMB 0.5-1 billion).截至2025年2月28日，顺丰控股累计回购A股2077万股（占总股本0.42%），总金额约7.58亿元，均价36.49元/股，属第二期回购计划（5-10亿元）。
2025-04-28SF Holding announced a new A-share buyback plan (2025 Phase 1): RMB 500 million to RMB 1 billion, buyback price cap RMB 60/share, shares to be used for future employee stock ownership or equity incentive plans.顺丰控股公告2025年第1期A股回购方案：回购金额5亿元至10亿元，回购价格上限60元/股，回购股份用于未来员工持股计划或股权激励。
2025-04-28SF Holding completed its 2024 Phase 2 A-share buyback, repurchasing 23.27 million shares (0.47% of total share capital) for RMB 859 million at avg. RMB 36.91/share; board resolved to change the use of these shares to cancellation and capital reduction, subject to shareholder approval.顺丰控股完成2024年第2期A股回购，累计回购2327万股（占总股本0.47%），金额8.59亿元，均价36.91元/股；董事会同意变更回购股份用途为注销并减少注册资本，尚需股东大会审议。
2025-06-13SF Holding approved the cancellation of 23.27 million A-shares repurchased under the 2024 Phase 2 buyback plan, reducing registered capital by RMB 23.27 million.顺丰控股批准注销2024年第2期回购的2327.04万股A股，相应减少注册资本人民币2327.04万元。
2025-08-07SF Holding completed the cancellation of 23.2704 million A-share repurchased shares, reducing total share capital from 5.063 billion to 5.039 billion shares.顺丰控股完成注销2327.04万股A股回购股份，总股本由50.63亿股减少至50.39亿股。
2025-09-03SF Holding repurchased 1.185 million A-shares for the first time under its 2025 buyback plan, spending RMB 49.78 million (avg. price RMB 42.01/share); total buyback plan is RMB 500 million to RMB 1 billion.顺丰控股首次回购118.5万股A股，耗资4978.25万元（均价42.01元/股）；回购计划总额为5亿至10亿元。
2025-10-09As of Sep 30, 2025, repurchased 7.4326 million A-shares (0.15% of total shares) for about CNY 300 million, at prices between CNY 39.66 and CNY 42.23 per share, under a plan of CNY 500 million to CNY 1 billion.截至2025年9月30日，累计回购A股743.26万股（占总股本0.15%），耗资约3亿元，成交价区间39.66-42.23元/股，回购计划总额5-10亿元。
2025-10-30Adjusted the 2025 first-phase A-share buyback plan: total buyback amount increased from CNY 500 million-1 billion to CNY 1.5-3 billion, and the implementation period extended by 12 months from board approval.调整2025年第1期A股回购方案：回购资金总额由5-10亿元上调至15-30亿元，实施期限延长至董事会审议通过之日起12个月。
2025-10-31As of Oct 31, 2025, cumulatively repurchased 12.4026 million A-shares (0.25% of total shares) for about CNY 500 million, at an average price of CNY 40.32 per share, under the expanded buyback plan.截至2025年10月31日，累计回购A股1240.26万股（占总股本0.25%），耗资约5亿元，平均成交价40.32元/股，按扩大后回购计划执行。
2025-11-13SF Holding repurchases 1.14 million A-shares on Shenzhen Stock Exchange for 46.15 million yuan.顺丰控股在深圳证券交易所回购114万股A股，回购金额4615万元。
2025-11-24SF Holding repurchases 1.47 million A-shares on Shenzhen Stock Exchange for 57.33 million yuan.顺丰控股在深圳证券交易所回购147万股A股，回购金额5733万元。
2025-12-01As of Nov 30, 2025, repurchased 32.51 million A-shares (0.65% of total shares) for approx. RMB 1.299 billion, avg. price RMB 39.98/share, under the ongoing buyback program.截至2025年11月30日，已回购3251万股A股（占总股本0.65%），总金额约12.99亿元，均价39.98元/股。
2025-12-11As of Dec 11, 2025, repurchased 38.96 million A-shares (0.77% of total shares) for approx. RMB 1.542 billion, avg. price RMB 39.59/share, with buyback program more than half completed.截至2025年12月11日，已回购3896万股A股（占总股本0.77%），总金额约15.42亿元，均价39.59元/股，回购方案实施过半。
2026-03-02SF Holding announced that as of Feb 28, 2026, it had repurchased 50.96 million A-shares (1.01% of total share capital) for approximately RMB 2.0 billion, with an average price of RMB 39.24 per share.顺丰控股公告，截至2026年2月28日，已回购5096万股A股（占总股本1.01%），总金额约20亿元，均价39.24元/股。
2026-03-04SF Holding repurchased 2.75 million A-shares on March 4, 2026, at a total cost of RMB 99.9 million, with prices ranging from RMB 36.05 to RMB 36.50 per share.顺丰控股于2026年3月4日回购275万股A股，总金额9990万元，回购价区间36.05-36.50元/股。
2026-03-10SF Holding repurchased 1.34 million A-shares on March 10, 2026, at a total cost of RMB 49.9 million, with prices ranging from RMB 37.11 to RMB 37.37 per share.顺丰控股于2026年3月10日回购134万股A股，总金额4990万元，成交价区间37.11-37.37元/股。
2026-03-30SF Holding adjusted its A-share buyback plan: total buyback amount increased from RMB 1.5-3 billion to RMB 3-6 billion, extended the period by 12 months, and changed the purpose from employee stock ownership to share cancellation for capital reduction.顺丰控股调整A股回购方案：回购资金总额从15-30亿元调整为30-60亿元，实施期限延长12个月，用途从员工持股变更为注销减资。
2026-03-30SF Holding announced a H-share buyback plan of up to HKD 500 million, with repurchased shares to be held as treasury stock.顺丰控股公告H股回购方案，总金额不超过5亿港元，回购股份作为库存股持有。
2026-04-01SF Holding announced a share buyback plan of RMB 3-6 billion at a price not exceeding RMB 59.10/share, with the repurchased shares to be cancelled to reduce registered capital; as of March 31, 2026, it had repurchased 67.04 million shares for about RMB 2.6 billion.顺丰控股宣布回购计划，金额30-60亿元，价格上限59.10元/股，回购股份将注销减资；截至2026年3月31日已回购6704.3万股，金额约26亿元。
2026-05-06SF Holding repurchased 104 million A-shares (2.07% of total shares) for about 3.999 billion yuan, average price 38.31 yuan/share, as of May 6, 2026.截至2026年5月6日，顺丰控股已回购1.04亿股A股（占总股本2.07%），总金额约39.99亿元，均价38.31元/股。
2026-05-28SF Holding repurchased approximately 154 million A-shares (3.05% of total shares) for about 5.78 billion yuan as of May 28, 2026, average price 37.59 yuan/share; price range 35.06-42.23 yuan; buyback price cap adjusted to 58.68 yuan after ex-dividend.截至2026年5月28日，顺丰控股已回购约1.54亿股A股（占总股本3.05%），总金额约57.8亿元，均价37.59元/股；回购价格区间35.06-42.23元；除息后回购价格上限调整为58.68元。
2026-06-10SF Holding repurchases 2.87 million A-shares on Shenzhen Stock Exchange for RMB 99.99 million, at prices between RMB 34.31 and RMB 34.90 per share.顺丰控股在深圳证券交易所回购287万股A股，回购金额9999万元，回购价格在34.31元至34.9元之间。
Strategic partnerships with retailers & e-commerce platforms与零售商及电商平台的战略合作
7 · 2024-02-05 → 2025-12-19
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Partnerships with Yonghui, Amazon, Taobao, Pinduoduo, and Douyin to expand service touchpoints and e-commerce logistics.与永辉、亚马逊、淘宝、拼多多及抖音合作，拓展服务触点及电商物流。
2024-02-05SF partnered with Yonghui Superstores to set up SF delivery service counters in over 700 Yonghui stores across 26 provinces and 100+ cities nationwide.顺丰与永辉超市合作，在全国26省100多个城市的700余家永辉超市服务台设立顺丰寄递服务。
2024-07-17SF International and Amazon Overseas Purchase jointly launched a direct mail service with full-chain real-time tracking and one-stop customs clearance.顺丰国际与亚马逊海外购联合推出直邮服务，实现全链路实时追踪和一站式清关。
2025-02-28SF Hong Kong announced a cooperation agreement with Taobao to become the logistics partner for Taobao Hong Kong station, providing cross-border consolidation services starting March 2025, with next-day delivery for consolidated parcels.顺丰香港宣布与淘宝达成合作协议，成为淘宝香港站物流合作伙伴，2025年3月起提供跨境集运服务，合单后最快翌日送达。
2025-06-05Taobao Tmall launched the 'Extreme Doorstep' logistics service brand during the 618 promotion, partnering initially with SF Express to provide next-day delivery and doorstep delivery with a dedicated logo.淘宝天猫在618期间上线“极速上门”物流服务品牌，首期联合顺丰作为快递合作伙伴，提供次日达和送货上门服务并展示专属标识。
2025-07-14Hong Kong SF stopped providing local consolidation logistics services for Pinduoduo, with the cooperation expiring on June 30, 2025. Pinduoduo customer service confirmed the news.香港顺丰停止为拼多多提供本地集运物流服务，合作于2025年6月30日到期。拼多多客服确认了该消息。
2025-08-08Taobao platform added a 'SF Express free shipping' service tag, allowing merchants to voluntarily enable it and automatically enabling it for qualifying merchants with an 80%+ SF fulfillment rate over 14 days.淘宝平台新增‘顺丰包邮’服务标识，商家可自行开通，符合条件的优质商家（近14天顺丰履约率80%及以上）可自动展示。
2025-12-19Confirmed termination of cooperation with Douyin e-commerce for return logistics services, with contract naturally expiring; SF will not participate in 2026 services, citing normal business adjustment.确认与抖音电商退货业务合作合同自然到期终止，顺丰不参与2026年服务，称属于正常商业行为。
Fengyi drone logistics operations & certification丰翼无人机物流运营及认证
17 · 2024-02-25 → 2026-06-24
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Development and commercialization of drone logistics, including route launches, daily operations, and type certification.无人机物流的发展与商业化，包括航线开通、日常运营及型号合格证。
2024-02-25SF launched Shenzhen's first low-altitude gold and jewelry drone delivery route, expanding drone logistics applications.顺丰开通深圳首条黄金珠宝低空无人机配送航线，拓展无人机物流应用场景。
2024-04-02SF Holding's subsidiary Fengyi Technology launched two drone logistics products: 'Same-City Instant Delivery' and 'Cross-City Express' on March 23, marking commercialized low-altitude logistics.顺丰控股子公司丰翼科技于3月23日正式推出无人机物流产品'同城即时送'和'跨城急送'，标志着低空物流常态化与商业化运营。
2024-04-02SF Holding's Fengyi Technology drone route between Zhuhai and Shenzhen started trial operation, using the 'Fengzhou 90' drone.顺丰丰翼科技珠海至深圳无人机低空快递物流航路启动试运行，执飞机型为'丰舟90型'无人机。
2024-05-17SF Holding's Fengyi logistics drones achieved normal operations in the Greater Bay Area, with 800-2,000 daily takeoffs/landings and over 12,000 daily parcels.顺丰控股丰翼物流无人机在大湾区实现常态化运营，日均起降800至2000架次，日均运输单量突破1.2万票。
2024-06-03SF Holding confirmed its Fengyi small logistics drones serve urgent/difficult/dangerous/expensive scenarios, including cross-Qiongzhou Strait half-day delivery and fresh seafood routes.顺丰控股确认丰翼小型物流无人机专注于急、难、险、贵场景，包括跨琼州海峡半日达及海鲜配送航线。
2024-07-02SF Holding stated it does not operate heavy drones; its Fengyi logistics drones in the Greater Bay Area operate 800-2,000 sorties daily, handling over 12,000 parcels per day.顺丰控股表示未运营重型无人机；丰翼物流无人机在大湾区日均起降800-2000架次，日均运输单量突破1.2万票。
2024-09-20SF Holding stated that its Fengyi logistics drones have achieved normal operations in the Greater Bay Area, with 800-2,000 daily takeoffs/landings and over 12,000 daily parcel volumes; hundreds of customized unmanned vehicles are deployed for feeder and last-mile routes.顺丰控股表示，丰翼物流无人机在大湾区已常态化运营，日均起降800-2000架次，日均运输单量超1.2万票；已投入数百台定制化无人车用于支线和接驳运输。
2024-11-27Exhibited the 'Fengyi Ark 150' mass-produced drone at the China International Supply Chain Expo, with a payload capacity of 50 kg and a range of 20 km.在第二届中国国际供应链促进博览会上展出“丰翼方舟150”量产无人机，载重50公斤，航程20公里。
2024-12-24SF Fengyi (丰翼) drone delivered China Telecom SIM cards in Shenzhen, marking the first national drone delivery service for telecom SIM cards, a joint project between SF Group and China Telecom Group.顺丰丰翼无人机在深圳完成中国电信号卡首飞，标志着顺丰集团与中国电信集团联合推出的全国首个电信号卡无人机配送服务正式落地。
2025-01-15SF launched its first drone-based pharmaceutical delivery route in Guizhou, using the Fengyi Ark 40 drone (2.4m wingspan, 10kg payload, 20km range) for a 3km, 5-minute flight, reducing time cost by over 50%.顺丰在贵州开通首条无人机医药配送航线，使用丰翼方舟40无人机（翼展2.4米，载重10公斤，航程20公里），飞行3公里耗时5分钟，时间成本降低超50%。
2025-04-08SF Holding's Fengyi logistics drones achieved daily average transport volume exceeding 12,000 parcels in the Greater Bay Area, with 800-2,000 daily takeoffs and landings.顺丰控股丰翼物流无人机在大湾区日均运输单量突破1.2万票，日均起降800至2000架次。
2025-09-05SF Holding stated that its Fengyi logistics drones operate routinely in the Greater Bay Area with thousands of daily flights; the company has been in drone logistics since 2013 and obtained the world's first drone air operator (pilot) license in 2018.顺丰控股表示丰翼物流无人机在大湾区已常态化运营，日均飞行上千架次；公司自2013年起布局无人机物流，2018年获全球首张无人机航空运营（试点）许可证。
2025-12-03Launched China's first regular cross-strait low-altitude drone logistics route between Haikou Xiuying and Xuwen, Guangdong, using Fengzhou 90 drone, cutting transit time to 19 minutes.开通全国首条跨海峡低空无人机常态化物流航线（海口秀英至广东徐闻），使用丰舟90无人机，运输时间缩短至19分钟。
2025-12-15Fengyi Technology's Ark ARK80 logistics drone obtained China's first type certificate for lift-wing multi-rotor UAV from CAAC, supporting 20kg-60km or 30kg-30km payload-range, max speed 90km/h.丰翼科技方舟ARK80物流无人机获中国民航局颁发全球首个升力翼多旋翼无人机型号合格证，支持20kg-60km或30kg-30km载重航程，最大巡航速度90km/h。
2026-03-23SF Holding disclosed that its Fengyi logistics drones have achieved normal operations in the Greater Bay Area, with the first global drone aviation operation (pilot) license obtained in 2018.顺丰控股披露，丰翼物流无人机在大湾区已实现常态化运营，2018年取得全球首张无人机航空运营（试点）许可证。
2026-04-05SF launched a drone delivery service for sacrificial offerings in Yulin, Guangxi, with a starting fee of RMB 500 per trip, during the Qingming Festival.顺丰在广西玉林试点推出无人机运送祭品业务，每单运费500元起，服务于清明节。
2026-06-24Cloud Wing UAV (Yunnan) Co., Ltd. is established with registered capital of RMB 10 million, jointly held by Yunnan Jingcheng Health Management and SF's Fengyi Technology (Shenzhen).云翼无人机（云南）有限责任公司成立，注册资本1000万元，由云南精诚健康管理有限公司与顺丰旗下丰翼科技（深圳）共同持股。
Hong Kong IPO & H-share listing香港IPO及H股上市
34 · 2024-02-26 → 2026-06-09
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SF Holding's journey to become the first A+H express logistics company, from initial application to successful HKEX listing and subsequent capital markets activities.顺丰控股成为首家A+H快递物流公司的历程，从首次申请到成功在港交所上市及后续资本市场活动。
2024-02-26SF Holding plans to resubmit its Hong Kong IPO application, targeting to raise USD 1-2 billion (approx. HKD 7.8-15.6 billion).顺丰控股计划重新提交香港上市申请，募资目标10亿至20亿美元（约78亿至156亿港元）。
2024-02-28SF Holding's Hong Kong IPO application filed on 21 Aug 2023 lapsed; the company stated that listing work is progressing orderly and the lapse is a normal HKEX mechanism.顺丰控股2023年8月21日提交的港股上市申请状态变更为失效；公司回应称上市工作正有序推进，失效属港交所正常机制。
2024-03-08IFR reported that SF Holding plans to resubmit its Hong Kong IPO application, potentially raising USD 1-2 billion. The previous application filed on Aug 21, 2023 had lapsed.IFR报道顺丰控股计划重新提交香港上市申请，可能募资10亿至20亿美元。此前于2023年8月21日提交的申请已失效。
2024-06-02SF Holding received filing notice from CSRC to issue up to 625,497,800 H-shares on HKEX, a key step for its secondary listing.顺丰控股收到中国证监会境外发行上市备案通知书，拟发行不超过625,497,800股H股并在港交所上市，为二次上市关键一步。
2024-06-28SF Holding re-submitted listing application to HKEX, with Goldman Sachs, Huatai International, and JPMorgan as joint sponsors.顺丰控股再次向港交所提交上市申请，联席保荐人为高盛、华泰国际、摩根大通。
2024-06-28SF Holding disclosed in HKEX prospectus that it operates 103 aircraft and over 200,000 vehicles, is Asia's largest and world's fourth-largest integrated logistics provider by 2023 revenue.顺丰控股在港交所招股书中披露，运营103架飞机和超20万辆车辆，按2023年收入计为亚洲最大、全球第四大综合物流服务商。
2024-07-01SF Holding submitted a listing application to the Hong Kong Stock Exchange on June 28, planning to issue up to 625 million H-shares, with Goldman Sachs, Huatai International, and JPMorgan as joint sponsors.顺丰控股于6月28日向港交所递交上市申请，计划发行不超过6.25亿股H股，高盛、华泰国际、摩根大通为联席保荐人。
2024-09-09SF Holding plans to launch its Hong Kong IPO public offering by end-September, targeting at least USD 1 billion in fundraising, with joint sponsors Goldman Sachs, Huatai International, and JPMorgan.顺丰控股计划最快9月底在香港公开招股，目标集资至少10亿美元，联席保荐人为高盛、华泰国际、摩根大通。
2024-09-12SF Holding's Hong Kong IPO listing hearing was held by the HKEX Listing Committee on September 12, 2024; the approval letter was received on September 13 but does not constitute formal listing approval.顺丰控股H股上市聆讯于2024年9月12日由港交所上市委员会举行，9月13日收到审阅信函，但不构成正式上市批准。
2024-10-25Media reports indicated SF Holding plans to list in Hong Kong on November 27, 2024, raising approximately USD 1 billion (or up to USD 2 billion in earlier reports).媒体报道顺丰控股计划于2024年11月27日在香港上市，募资约10亿美元（此前报道称最高20亿美元）。
2024-10-29SF Holding disclosed that the Hong Kong Stock Exchange Listing Committee held a hearing on September 12, 2024 to review its H-share listing application; the listing remains subject to regulatory approvals.顺丰控股披露香港联交所上市委员会已于2024年9月12日举行上市聆讯审议其H股上市申请，上市尚需取得监管批准。
2024-11-10Passed the Hong Kong Stock Exchange listing hearing for H-share IPO; target fundraising of USD 1.0-1.5 billion, making it the second-largest HK IPO in 2024 after Midea.通过港交所上市聆讯，H股IPO目标集资10亿至15亿美元，将成为2024年香港第二大新股（仅次于美的集团）。
2024-11-14Board of directors approved the global offering of H-shares and listing on the Hong Kong Stock Exchange.董事会审议通过H股全球发售及在香港联交所上市的议案。
2024-11-19Launched HK IPO subscription: global offering of 170 million H-shares, price range HKD 32.30-36.30 per share, expected to list on Nov 27, 2024. Net proceeds estimated at HKD 5.661 billion (at mid-price).启动港股IPO招股：全球发售1.7亿股H股，价格区间32.30-36.30港元/股，预计2024年11月27日上市。按中位价计募资净额约56.61亿港元。
2024-11-19Introduced 10 cornerstone investors including Oaktree Capital, China Pacific Insurance, Xiaomi's Green Better, and Sino Land's Wai Hon, subscribing a total of approx. USD 205 million (approx. HKD 1.592 billion).引入10名基石投资者，包括橡树资本、中国太保、小米旗下Green Better、信和置业旗下惠汉等，合计认购约2.05亿美元（约15.92亿港元）。
2024-11-22HK IPO public tranche was 79 times oversubscribed, international tranche 10.1 times oversubscribed.港股IPO公开发售部分获79倍超额认购，国际发售获10.1倍超额认购。
2024-11-24Final H-share offer price set at HKD 34.30 per share. Net proceeds from global offering estimated at approx. HKD 5.662 billion (assuming no over-allotment exercise).H股最终发售价定为每股34.30港元。全球发售所得款项净额估计约为56.62亿港元（假设超额配股权未获行使）。
2024-11-27Successfully listed on the Hong Kong Stock Exchange (stock code 06936), becoming the first 'A+H' listed company in the express logistics industry. 170 million H-shares issued at HKD 34.30 each, net proceeds HKD 5.662 billion.成功在香港联交所主板挂牌上市（股票代码06936），成为快递物流行业首家“A+H”上市企业。发行1.7亿股H股，每股34.30港元，募资净额56.62亿港元。
2024-11-27Controlling shareholder Mingde Holdings and its concert party Shenzhen Weishun saw their combined shareholding decrease from 59.30% to 53.39% (a cumulative change of 5.91%) due to various corporate actions including the H-share issuance.控股股东明德控股及其一致行动人深圳玮顺合计持股比例由59.30%减少至53.39%，累计减少5.91%，主要因H股发行等事项。
2024-11-27Chairman Wang Wei stated at the listing ceremony that the HK listing is significant for SF to better develop international markets using Hong Kong as a platform.董事长王卫在上市仪式上表示，在港上市对顺丰意义重大，集团可依托香港平台更好发展国际市场。
2024-12-02SF Holding listed on HKEX on 2024-11-27, becoming the first 'A+H' listed company in the express logistics industry, raising USD 749.3 million for international expansion.顺丰控股于2024年11月27日在港交所上市，成为快递物流行业首家'A+H'上市企业，募资7.493亿美元用于国际扩张。
2024-12-23SF Holding's H-shares were included in the Shanghai-HK and Shenzhen-HK Stock Connect lists, effective from 2024-12-23.顺丰控股H股自2024年12月23日起调入沪港通及深港通下的港股通标的证券名单。
2024-12-23SF Holding announced the end of the stabilisation period and the lapse of the over-allotment option for its H-share IPO; 25.5 million H-shares were over-allocated, purchased at HKD 32.15-34.30 per share.顺丰控股宣布H股IPO稳定价格期结束及超额配售权失效；超额分配2550万股H股，购买价每股32.15-34.30港元。
2025-05-15SF Holding's deputy general manager and board secretary Gan Ling states that the H-share listing is a key milestone for the company's internationalization strategy, focusing on the 'Asia Only' strategy to target high-growth Asian markets.顺丰控股副总经理、董秘甘玲表示，H股上市是公司国际化战略的关键里程碑，聚焦亚洲高增长市场，坚定实施‘亚洲唯一’战略。
2025-06-25SF Holding planned to raise up to HKD 4.4 billion via a H-share placement (42 million shares at HKD 42.05-43.45) and a zero-coupon convertible bond (HKD 2.55 billion, due July 2026) to fund international logistics, R&D, and capital structure optimization.顺丰控股拟通过配售H股（4200万股，每股42.05-43.45港元）和发行零息可转债（25.5亿港元，2026年7月到期）募资至多44亿港元，用于国际物流、研发和资本结构优化。
2025-06-26SF Holding finalized a HKD 2.95 billion H-share placement of 70 million shares at HKD 42.15 per share (8.8% discount) and a HKD 2.95 billion zero-coupon convertible bond (conversion price HKD 48.47), total proceeds ~HKD 5.9 billion for international expansion and R&D.顺丰控股完成29.5亿港元H股配售（7000万股，每股42.15港元，折让8.8%）及29.5亿港元零息可转债（换股价48.47港元），合计募资约59亿港元，用于国际扩张和研发。
2025-06-26S&P assigned an 'A-' long-term issue rating to SF Holding Investment 2023 Ltd.'s proposed HKD-denominated zero-coupon convertible bond, supported by SF Holding's low leverage and strong market position in China's time-definite express sector.标普授予SF Holding Investment 2023 Ltd.拟发行的港元零息可转债“A-”长期发行评级，基于顺丰控股的低杠杆率及在中国时效快递领域的强劲市场地位。
2025-07-04SF Holding completed the placement of 70 million new H-shares at HKD 42.15 per share, raising net proceeds of approximately HKD 2.933 billion. Total H-shares increased to 240 million, total issued shares to 5.063 billion.顺丰控股完成配售7000万股新H股，配售价每股42.15港元，所得款项净额约29.33亿港元。H股总数增至2.4亿股，已发行股份总数增至50.63亿股。
2025-07-10SF Holding completed the issuance of HKD 2.95 billion zero-coupon guaranteed convertible bonds due 2026, with net proceeds of approximately HKD 2.9006 billion. Proceeds allocated: 30% for international/cross-border logistics, 30% for R&D, 30% for capital structure optimization, 10% for general corporate purposes.顺丰控股完成发行29.5亿港元零息有担保可换股债券（2026年到期），所得款项净额约29.006亿港元。款项分配：30%用于国际和跨境物流，30%用于研发，30%用于优化资本结构，10%用于一般企业用途。
2026-01-15SF Holding and J&T Express signed a strategic cross-shareholding agreement: SF will issue 225.88 million new H-shares at HKD 36.74 each to J&T, and J&T will issue 821.66 million B-shares at HKD 10.10 each to SF, totaling HKD 8.3 billion. Post-transaction, SF holds 10% of J&T, J&T holds 4.29% of SF, with a 5-year lock-up period.顺丰控股与极兔速递签署战略性相互持股协议：顺丰向极兔发行2.26亿股H股，每股36.74港元；极兔向顺丰发行8.22亿股B类股份，每股10.10港元，交易总额83亿港元。交易完成后，顺丰持极兔10%股份，极兔持顺丰4.29%股份，锁定期5年。
2026-01-15SF Holding stated in an investor relations activity that it will set up a strategic coordination committee with J&T Express to deepen collaboration in cross-border first-mile, overseas warehouse-integrated services, and domestic terminal network sharing.顺丰控股在投资者关系活动中表示，将与极兔速递设立战略协同委员会，在跨境头程、海外仓配一体化、国内外末端网点资源等方面深化协作。
2026-03-30SF Holding announced a change in use of H-share IPO proceeds: RMB 930 million originally for international logistics was reallocated to domestic logistics network enhancement, including RMB 430 million for air/ground capacity and RMB 500 million for automation equipment.顺丰控股变更H股募资用途：原用于国际物流的9.3亿元重新分配至国内物流网络，其中4.3亿元用于扩大航空陆运能力，5亿元用于自动化设备。
2026-06-09SF Holding completes H-share issuance to J&T Express: issues 226 million new H-shares at HKD 36.74 per share, net proceeds of approximately HKD 8.289 billion (approx. RMB 7.208 billion). J&T holds 4.29% of SF.顺丰控股完成向极兔速递发行H股：以每股36.74港元发行2.26亿股新H股，所得款项净额约82.89亿港元（约72.08亿元人民币），极兔持有顺丰约4.29%股份。
2026-06-09J&T Express issues 821.66 million new B-class shares to SF Holding at HKD 10.10 per share; SF holds approximately 9.98% of J&T after completion.极兔速递向顺丰控股以每股10.10港元发行约8.22亿股新B类股份，完成后顺丰合计持有极兔约9.98%股份。
Low-altitude economy & smart logistics centers低空经济及智慧物流中心
6 · 2024-03-18 → 2026-04-20
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Establishment of low-altitude smart logistics operation centers and integration of drone, unmanned vehicle, and ground networks.建立低空智慧物流运营中心，整合无人机、无人车及地面网络。
2024-03-18SF Holding was added to the 'Low-Altitude Economy' concept index by Tonghuashun, citing its 2020 annual report disclosure of drone pilot permits in the Greater Bay Area and trial operations of large-tonnage drones in Ningxia and Inner Mongolia.顺丰控股被同花顺新增纳入'低空经济'概念指数，依据其2020年年报披露的大湾区无人机试点许可及在宁夏、内蒙古的吨级大型无人机试运行。
2024-12-17SF Technology signed a strategic agreement with China TransInfo Technology (千方科技) to jointly develop low-altitude infrastructure, logistics delivery, road inspection, and emergency rescue scenarios.顺丰科技与千方科技签署战略协议，共同开拓低空基础设施建设、物流配送、道路巡检、应急救援等场景。
2025-02-15China's first 'air-ground synergy' smart logistics center, Baoan Low-Altitude Smart Logistics Operation Center, commenced operations in Shenzhen, covering 900 sqm, integrating drone pads and SF Express smart sorting, enabling 2-hour intra-city and 3-hour cross-city delivery.全国首个“空地协同”智慧物流运营中心——宝安低空智慧物流运营中心在深圳投入运营，占地900平方米，集成无人机起降平台与顺丰速运智慧分拣，实现同城2小时、跨城3小时送达。
2025-11-23Jiangsu SF and Nanjing Lighting Group sign smart logistics cooperation agreement to build an air-ground coordinated delivery system using drones, unmanned vehicles and building robots.江苏顺丰与南京照明集团签署智慧物流项目合作协议，共建‘无人机+无人车+楼宇机器人’空地协同配送体系。
2026-03-21SF Express and Western Airport Group jointly inaugurated the Smart Intermodal Hub at Xi'an Xianyang International Airport T5 East cargo area, covering 30,000 sqm, featuring automated sorting and unmanned trucks.顺丰速运与西部机场集团在西安咸阳国际机场T5东货运区揭牌启用智汇联运枢纽，占地约3万平方米，配备自动化分拣与无人货车。
2026-04-20SF Holding signed an agreement with Nanjing Jiangning Economic Development Zone to invest RMB 3 billion in building a Su-Wan digital logistics hub in Nanjing, covering smart sorting, digital dispatch, and supply chain services.顺丰控股与南京江宁经济技术开发区签约，投资30亿元打造顺丰苏皖数智物流枢纽，涵盖智能分拣、数字调度、供应链服务。
Annual & interim financial results年度及中期财务业绩
25 · 2024-03-26 → 2026-04-28
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Disclosure of annual, half-year, and quarterly financial performance including revenue, profit, and dividends.披露年度、半年度及季度财务业绩，包括收入、利润及股息。
2024-03-26FY2023 annual results: revenue RMB 258.409 billion (-3.39% YoY); net profit attributable to shareholders RMB 8.234 billion (+33.38% YoY); basic EPS RMB 1.70. Proposed cash dividend of RMB 6.0 per 10 shares (140% increase in DPS YoY), payout ratio 35%.2023年年报：营业收入2584.09亿元（同比下降3.39%）；归母净利润82.34亿元（同比增长33.38%）；基本每股收益1.70元。拟每10股派发现金红利6.0元（每股派息同比增长140%），分红比例35%。
2024-03-26FY2023 segment highlights: express logistics revenue RMB 191.1 billion (+9.7% YoY); time-definite express revenue RMB 115.46 billion; economy express revenue RMB 25.05 billion; freight revenue RMB 33.08 billion (+18.5% YoY); cold chain & pharma revenue exceeded RMB 10 billion (+19.7% YoY); intra-city instant delivery revenue RMB 7.25 billion (+12.6% YoY) and achieved first full-year profitability.2023年业务板块亮点：速运物流收入1911亿元（同比增长9.7%）；时效快递收入1154.6亿元；经济快递收入250.5亿元；快运收入330.8亿元（同比增长18.5%）；冷运及医药收入突破百亿元（同比增长19.7%）；同城即时配送收入72.5亿元（同比增长12.6%）并首次实现全年盈利。
2024-04-01SF Holding reported 2023 net profit of RMB 8.234 billion, up 33.38% YoY; revenue of RMB 258.409 billion, down 3.39% YoY.顺丰控股公布2023年净利润82.34亿元，同比增长33.38%；营业收入2584.09亿元，同比下降3.39%。
2024-04-29SF Holding reported Q1 2024 net profit of RMB 1.912 billion, up 11.14% YoY; revenue of RMB 65.341 billion, up 7.03% YoY.顺丰控股2024年第一季度净利润19.12亿元，同比增长11.14%；营业收入653.41亿元，同比增长7.03%。
2024-05-01SF Holding released 2024 Q1 results: revenue 65.341 billion yuan, up 7.03% YoY; net profit 1.912 billion yuan, up 11.14% YoY.顺丰控股发布2024年一季度业绩：营业总收入653.41亿元，同比增长7.03%；归母净利润19.12亿元，同比增长11.14%。
2024-08-28SF Holding's H1 2024 revenue was RMB 134.4 billion, up 8.1% YoY; net profit attributable to shareholders was RMB 4.81 billion, up 15.1% YoY; total parcel volume 6.24 billion, up 6.3% YoY (excluding Fengwang business, up 14.3%).顺丰控股2024年上半年营收1344亿元，同比增长8.1%；归母净利润48.1亿元，同比增长15.1%；总件量62.4亿票，同比增长6.3%（不含丰网业务，同比增长14.3%）。
2024-08-28SF Holding's H1 2024 express logistics revenue was RMB 99 billion, up 7.6% YoY; supply chain and international revenue was RMB 31.2 billion, up 8.1% YoY; gross profit reached RMB 18.6 billion, up 10.8% YoY; gross margin 13.9%, up 0.4 pct.顺丰控股2024年上半年速运物流收入990亿元，同比增长7.6%；供应链及国际收入312亿元，同比增长8.1%；毛利额186亿元，同比增长10.8%；毛利率13.9%，同比提升0.4个百分点。
2024-08-28SF Holding's H1 2024 operating cash flow was RMB 13.7 billion; total assets RMB 219.9 billion; net assets attributable to shareholders RMB 88.6 billion; debt ratio 55.0%.顺丰控股2024年上半年经营活动现金流137亿元；总资产2199亿元；归母净资产886亿元；资产负债率55.0%。
2024-08-29SF Holding's H1 2024 time-definite express revenue was RMB 59.19 billion, up 5.6% YoY; economic express revenue RMB 13.25 billion, up 9.3% YoY (excluding Fengwang, up 15.6%); freight revenue RMB 17.55 billion, up 16.1% YoY.顺丰控股2024年上半年时效快递收入591.9亿元，同比增长5.6%；经济快递收入132.5亿元，同比增长9.3%（不含丰网，增长15.6%）；快运收入175.5亿元，同比增长16.1%。
2024-08-29SF Holding's H1 2024 supply chain and international segment revenue was RMB 32.914 billion, up 8.69% YoY; same-city instant delivery segment revenue was RMB 4.023 billion, up 18% YoY.顺丰控股2024年上半年供应链及国际分部收入329.14亿元，同比增长8.69%；同城即时配送分部收入40.23亿元，同比增长18%。
2024-10-29SF Holding reported Q3 2024 revenue of RMB 72.451 billion (up 12.07% YoY) and net profit of RMB 2.81 billion (up 34.59% YoY); first three quarters revenue reached RMB 206.861 billion (up 9.44%) and net profit RMB 7.617 billion (up 21.59%).顺丰控股2024年第三季度营收724.51亿元（同比增长12.07%），净利润28.1亿元（同比增长34.59%）；前三季度营收2068.61亿元（增长9.44%），净利润76.17亿元（增长21.59%）。
2024-10-29SF Holding's Q3 2024 total parcel volume reached 3.229 billion (up 14.37% YoY), with express logistics revenue up 7.57% and supply chain & international revenue up 27.22%.顺丰控股2024年第三季度总件量达32.29亿票（同比增长14.37%），速运物流收入增长7.57%，供应链及国际收入增长27.22%。
2025-01-02SF Holding reported preliminary 2024 Q1-3 results: revenue RMB 206.861 billion (+9.44% YoY), net profit attributable to parent RMB 7.617 billion (+21.59% YoY); Q3 revenue RMB 72.451 billion (+12.07% YoY), net profit RMB 2.810 billion (+34.59% YoY).顺丰控股公布2024年前三季度初步业绩：营业收入2068.61亿元（同比+9.44%），归母净利润76.17亿元（同比+21.59%）；第三季度营业收入724.51亿元（同比+12.07%），归母净利润28.10亿元（同比+34.59%）。
2025-03-28SF Holding reported 2024 annual results: revenue RMB 284.42 billion (+10.07% YoY); net profit attributable to shareholders RMB 10.17 billion (+23.51% YoY); EBITDA RMB 32.695 billion (+11.05%); free cash flow RMB 22.298 billion (+70.14%); proposed final dividend RMB 0.44 per share.顺丰控股2024年年报：营收2844.2亿元（+10.07%）；归母净利润101.7亿元（+23.51%）；EBITDA 326.95亿元（+11.05%）；自由现金流222.98亿元（+70.14%）；拟每10股派发现金红利4.4元。
2025-04-11At the 2024 performance briefing, SF Holding announced a final dividend of RMB 4.4 per 10 shares (tax included); supply chain and international segment posted a net loss of approximately RMB 1.32 billion in 2024, mainly due to KEX restructuring.顺丰控股在2024年业绩说明会上宣布每10股派发现金股利人民币4.4元（含税）；供应链及国际分部2024年净亏损约13.2亿元，主要由于KEX架构重组。
2025-04-28SF Holding announced Q1 2025 results: revenue RMB 69.85 billion (+6.9% YoY), net profit RMB 2.234 billion (+16.87% YoY), total parcel volume 13.56 billion (+19.7% YoY); express revenue +7.2%, supply chain & international revenue +9.9%.顺丰控股发布2025年第一季度业绩：营业收入698.5亿元（同比+6.9%），净利润22.34亿元（同比+16.87%），总业务量135.6亿票（同比+19.7%）；速运物流收入+7.2%，供应链及国际收入+9.9%。
2025-08-28SF Holding reported H1 2025 results: revenue of RMB 146.9 billion (+9.26% YoY), net profit of RMB 5.74 billion (+19.37% YoY), parcel volume of 7.85 billion (+25.7%), and declared an interim dividend of RMB 0.46 per share (10 shares = RMB 4.6).顺丰控股发布2025年上半年业绩：营收1469亿元（同比+9.26%），净利润57.4亿元（+19.37%），业务量78.5亿票（+25.7%），拟每10股派发现金红利4.6元。
2025-08-28SF Holding's supply chain and international business recorded H1 2025 revenue of RMB 34.23 billion (+9.7% YoY) but still posted a net loss of RMB 300 million, narrowing by 48.47% YoY; over 95% of Fortune China 500 companies cooperated with SF, and over 60% used its international products.顺丰供应链及国际业务上半年营收342.3亿元（同比+9.7%），净亏损3亿元（同比减亏48.47%）；超95%的《财富》中国500强企业与顺丰合作，超60%使用其国际产品。
2025-08-28SF Holding's same-city即时配送 (on-demand delivery) segment achieved H1 2025 net profit of approximately RMB 140 million, up 120.43% YoY, driven by instant retail demand.顺丰同城即时配送分部上半年净利润约1.4亿元，同比增长120.43%，受即时零售需求驱动。
2025-09-01SF Holding reported H1 2025 revenue of RMB 146.858 billion (+9.26% YoY) and net profit attributable to shareholders of RMB 5.738 billion (+19.37% YoY); proposed interim cash dividend of RMB 4.6 per 10 shares (total ~RMB 2.32 billion, ~40% of H1 net profit).顺丰控股公布2025年上半年营收1468.58亿元（同比+9.26%），归母净利润57.38亿元（同比+19.37%）；拟每10股派发现金红利4.6元（合计约23.2亿元，约占上半年净利润的40%）。
2025-10-30Q3 2025 results: revenue CNY 78.403 billion (+8.21% YoY), net profit CNY 2.571 billion (-8.53% YoY); first nine months revenue CNY 225.261 billion (+8.89% YoY), net profit CNY 8.308 billion (+9.07% YoY). Parcel volume 4.31 billion (+33.4% YoY).2025年第三季度业绩：营收784.03亿元（同比+8.21%），净利润25.71亿元（同比-8.53%）；前三季度营收2252.61亿元（同比+8.89%），净利润83.08亿元（同比+9.07%）。业务量43.1亿票（同比+33.4%）。
2025-11-02SF Holding reports Q3 2025 net profit of 2.571 billion yuan, down 8.53% YoY; revenue 78.403 billion yuan, up 8.21% YoY; parcel volume 4.31 billion, up 33.4% YoY.顺丰控股发布2025年第三季度报告：归母净利润25.71亿元，同比下降8.53%；营收784.03亿元，同比增长8.21%；业务量43.1亿票，同比增长33.4%。
2026-03-30SF Holding reported 2025 annual revenue of RMB 308.23 billion, up 8.4% YoY; net profit attributable to shareholders was RMB 11.12 billion, up 9.3% YoY; proposed a cash dividend of RMB 4.3 per 10 shares.顺丰控股发布2025年年报，营业收入3082.3亿元，同比增8.4%；归母净利润111.2亿元，同比增9.3%；拟每10股派发现金红利4.3元。
2026-04-01SF Holding's 2025 annual report shows revenue of RMB 308.23 billion, up 8.37% YoY, and net profit of RMB 11.117 billion, up 9.31% YoY; business volume exceeded 16.7 billion parcels, up 25.4%.顺丰控股2025年报显示营收3082.3亿元，同比增长8.37%；归母净利润111.17亿元，同比增长9.31%；业务量突破167亿票，同比增长25.4%。
2026-04-28SF Holding reported Q1 2026 results: revenue RMB 74.142 billion, up 6.14% YoY; net profit RMB 2.526 billion, up 13.05% YoY; total parcel volume 3.73 billion, up 4.9%.顺丰控股发布2026年一季报：营收741.42亿元，同比增6.14%；净利润25.26亿元，同比增13.05%；总件量37.3亿票，同比增4.9%。
Shareholder return & dividend policy股东回报及股息政策
11 · 2024-03-26 → 2026-05-11
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Implementation of special, interim, and final dividends, and the five-year shareholder return plan.实施特别股息、中期及末期股息，以及五年股东回报计划。
2024-03-26Announced the 'Future Five-Year (2024-2028) Shareholder Return Plan', stating that the cash dividend ratio will steadily increase from the 2023 level.公布《未来五年（2024年-2028年）股东回报规划》，明确2024-2028年度现金分红比例将在2023年度基础上稳步提高。
2024-05-06SF Holding announced 2023 annual dividend: 6.00 yuan per 10 shares, total 2.889 billion yuan, representing 35.09% of net profit.顺丰控股公告2023年度权益分派：每10股派发现金红利6.00元，合计28.89亿元，占归母净利润35.09%。
2024-09-20SF Holding disclosed its 2024-2028 shareholder return plan, aiming to steadily increase the cash dividend payout ratio from the 2023 level (RMB 0.6 per share, +140% YoY), and confirmed the cancellation of repurchased shares from 2022 and 2024 plans.顺丰控股披露2024-2028年股东回报规划，现金分红比例在2023年基础上稳步提高（2023年每股0.6元，同比+140%），并确认注销2022年及2024年回购股份。
2024-10-10SF Holding announced a special cash dividend of approximately RMB 4.8 billion (RMB 10 per 10 shares) to all A-share shareholders before its H-share listing in Hong Kong.顺丰控股宣布在H股上市前向全体A股股东实施一次性特别现金分红约48亿元（每10股派发现金股利人民币10元）。
2024-10-10SF Holding announced a 2024 interim cash dividend of approximately RMB 1.92 billion (RMB 4 per 10 shares), representing about 40% of its first-half 2024 net profit.顺丰控股宣布2024年中期分红约19.2亿元（每10股派发现金股利人民币4元），约占2024年上半年归母净利润的40%。
2024-10-10SF Holding's board approved a five-year (2024-2028) shareholder return plan, with cash dividend payout ratio to steadily increase from the 2023 level of 35%.顺丰控股董事会批准《未来五年（2024年-2028年）股东回报规划》，现金分红比例将在2023年度35%的基础上稳步提高。
2024-10-10SF Holding announced it will hold its first extraordinary general meeting of 2024 on October 29 to vote on the special dividend, interim dividend, and other proposals including amending the articles of association for H-share listing.顺丰控股宣布将于2024年10月29日召开2024年第一次临时股东大会，审议特别分红、中期分红及为H股上市修订公司章程等议案。
2024-10-30SF Holding implemented its 2024 interim dividend, distributing RMB 1.918 billion (RMB 4 per 10 shares) based on a total share base of 4.795 billion shares (excluding treasury shares).顺丰控股实施2024年中期分红，以总股本47.95亿股（扣除回购专户）为基数，每10股派发现金红利4元，合计派发19.18亿元。
2024-11-10Announced a special cash dividend of approx. RMB 4.8 billion to all A-share shareholders before the H-share listing, plus an interim dividend of approx. RMB 1.92 billion (RMB 0.4 per 10 shares), totaling approx. RMB 6.72 billion.宣布在H股发行上市前对全体A股股东实施一次性特别现金分红约48亿元，以及中期分红约19.2亿元（每10股派4元），合计约67.2亿元。
2025-09-09SF Holding announced the implementation of its 2025 interim cash dividend: RMB 4.6 per 10 shares (tax inclusive), with total cash distribution of RMB 2.207 billion, based on 4.798 billion participating shares.顺丰控股实施2025年中期现金分红：每10股派4.6元（含税），实际现金分红总额22.07亿元，基于47.98亿股参与分配。
2026-05-11SF Holding announced a 2025 final cash dividend of 4.3 yuan per 10 shares (tax included), based on 4.682 billion shares ex-treasury, totaling about 2.013 billion yuan; record date May 18, 2026, ex-date May 19, 2026.顺丰控股宣布2025年末期现金分红每10股派4.3元（含税），以剔除回购后的46.82亿股为基数，总额约20.13亿元；股权登记日2026年5月18日，除权除息日5月19日。
Financial management & treasury operations资金管理与财务运作
7 · 2024-03-26 → 2026-03-30
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Board approvals for wealth management, hedging, guarantees, and auditor reappointment.董事会批准理财、套期保值、担保及审计师续聘等财务事项。
2024-03-26Board approved the use of up to RMB 45 billion in自有资金 for purchasing wealth management products in 2024, with funds recyclable within the limit.董事会批准2024年度使用不超过450亿元自有资金购买理财产品，资金可在额度内循环使用。
2024-03-26Board approved the reappointment of PricewaterhouseCoopers Zhong Tian LLP as the 2024 auditor for financial and internal control reports.董事会同意续聘普华永道中天会计师事务所为2024年度财务报告和内部控制审计机构。
2024-08-28SF Holding's board approved increasing the 2024 foreign exchange hedging transaction limit from RMB 4 billion to RMB 10 billion or equivalent foreign currency.顺丰控股董事会批准将2024年度外汇套期保值交易额度由40亿元增加至100亿元或等值外币。
2025-03-28SF Holding's board approved a 2025 wealth management plan with an investment limit of up to RMB 38 billion in low-risk products (structured deposits, fixed-income) from banks and financial institutions, with revolving usage.顺丰控股董事会批准2025年度使用不超过380亿元自有资金购买银行等金融机构低风险理财产品（结构性存款、固收类等），资金可循环使用。
2025-03-28SF Holding's board approved a 2025 external guarantee limit of up to RMB 50 billion for its subsidiaries' bank credit and daily operations, with 97% of guarantees for consolidated subsidiaries.顺丰控股董事会批准2025年度对外担保额度上限500亿元，用于下属公司银行授信及日常经营，其中对合并报表内子公司担保占97%。
2026-03-30SF Holding approved the use of up to RMB 38 billion of idle自有资金 to purchase low-risk wealth management products, valid for 12 months.顺丰控股批准使用不超过380亿元闲置自有资金购买低风险理财产品，有效期12个月。
2026-03-30SF Holding approved a derivatives hedging program for the next 12 months with a total transaction limit of up to RMB 26.5 billion or equivalent in foreign currency, to manage FX, interest rate, and oil price risks.顺丰控股批准未来12个月衍生品套期保值业务，交易额度不超过265亿元或等值外币，以管理汇率、利率和油价风险。
Regulatory & policy responses监管与政策应对
4 · 2024-03-27 → 2026-04-21
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Responses to courier regulations, tariff policy adjustments, and denial of market rumors.应对快递新规、关税政策调整及否认市场传闻。
2024-03-27In a post-earnings investor call, management stated that the new courier regulations (快递新规) will not impact SF's business as it already provides door-to-door delivery; the company will continue to attack the mid-to-high-end market and upgrade service standards in 2024.在业绩说明会上，管理层表示快递新规不会冲击公司现有业务，因顺丰一直坚持上门服务；2024年将继续进攻中高端市场并升级服务标准。
2025-01-07SF announced 2025 Spring Festival service surcharges: from Jan 1-27, RMB 0.1-1.2/kg on selected products; from Jan 28-Feb 4, additional resource adjustment fees on all services, with exemptions for long-term contract clients and black diamond members.顺丰发布2025年春节服务公告：1月1日至27日对部分产品收取0.1-1.2元/kg资源调节费；1月28日至2月4日加收资源调节费，长期合作月结客户及黑钻会员免收。
2025-02-09SF adjusted US-bound e-commerce parcel policy: canceled RMB 20/parcel customs clearance fee and suspended tariff deposit collection, effective Feb 8, 2025, following US reinstatement of Section 321 de minimis for Chinese/HK goods.顺丰调整发往美国电商包裹政策：取消每票20元清关综合服务费，暂不预收关税保证金，自2025年2月8日起执行，因美国恢复对中国内地及香港商品321条款待遇。
2026-04-21SF Holding denied market rumors that it plans to issue up to USD 1 billion in convertible bonds, stating the report is untrue and it has no such financing plan.顺丰控股否认市场传闻称其计划发行至多10亿美元可转债，表示相关报道不实，无此融资计划。
Credit ratings & ESG recognition信用评级及ESG认可
5 · 2024-04-23 → 2026-06-16
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Moody's, Fitch, and S&P credit rating affirmations, MSCI ESG upgrade, and Fortune 500 listing.穆迪、惠誉及标普信用评级确认，MSCI ESG评级提升，财富500强上榜。
2024-04-23Moody's affirmed SF Holding's 'A3' issuer rating and stable outlook, citing leading market position and solid credit profile.穆迪确认顺丰控股'A3'发行人评级，展望稳定，认为其市场领先地位和稳健信用状况。
2024-10-16Fitch affirmed SF Holding's long-term issuer default rating at 'A-' with a stable outlook, citing low leverage and improved profitability.惠誉确认顺丰控股长期发行人违约评级为'A-'，展望稳定，认为其杠杆率低且盈利能力改善。
2025-07-30SF Holding ranked 393rd in the 2025 Fortune Global 500 list, among two Chinese express/logistics companies (China Post ranked 107th).顺丰控股在2025年《财富》世界500强中排名第393位，是中国两家入围快递物流企业之一（中国邮政排名第107位）。
2025-09-09SF Holding was named to Fortune's 'Most Admired Chinese Companies' All-Star and Industry lists for the ninth consecutive year.顺丰控股连续第九年入选《财富》最受赞赏的中国公司全明星榜及行业明星榜。
2026-06-16MSCI upgrades SF Holding's ESG rating from A to AA; SF ranks 1st among A-share air freight & logistics peers.MSCI将顺丰控股ESG评级从A上调至AA级；在A股航空货运与物流行业中排名第一。
Corporate governance & board changes公司治理及董事会变更
8 · 2024-05-06 → 2026-01-02
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Director resignations, board elections, CMO transfer, and governance changes for H-share listing.董事辞职、董事会选举、首席营销官调动及为H股上市进行的治理变更。
2024-05-06SF Holding's supervisory board chairman Cen Ziliang resigned due to personal work adjustment, but will remain in the company.顺丰控股监事会主席岑子良因个人工作安排调整辞职，辞职后将继续在公司任职。
2024-06-25Director Zhang Dong resigned from SF Holding board due to personal reasons, holding 122,000 shares at resignation.顺丰控股董事张栋因个人原因辞职，辞职时持有公司股份122,000股。
2024-10-10SF Holding nominated Xu Bensong as a candidate for non-independent director to meet H-share listing requirements under Hong Kong listing rules.顺丰控股提名徐本松为非独立董事候选人，以满足H股上市及香港上市规则的要求。
2024-10-10SF Holding announced plans to change its registered address and amend its articles of association for post-H-share listing application.顺丰控股宣布拟变更注册地址并修订《公司章程》（H股上市后适用）。
2025-07-14SF Holding's CMO Xu Bensong was transferred due to a 'major abnormal incident', replaced by former CIO Geng Yankun. SF responded that the CMO transfer is a normal job rotation.顺丰控股CMO徐本松因'重大异常事件'被调离，由原CIO耿艳坤接任。顺丰回应称CMO调职属于正常调岗。
2025-12-08Announced board of directors换届 election: proposed non-independent directors Wang Wei and He Jie, independent directors Chen Shangwei, Li Jiashi, and Ding Yi, for the 7th board term.公告董事会换届选举，提名王卫、何捷为非独立董事候选人，陈尚伟、李嘉士、丁益为独立董事候选人，组成第七届董事会。
2025-12-30Elected Xu Bensong as employee representative director on the 7th board; 7th board first meeting appointed Wang Wei as chairman and GM, He Jie as CFO, Gan Ling as board secretary.选举徐本松为第七届董事会职工代表董事；第七届董事会第一次会议任命王卫为董事长兼总经理，何捷为财务负责人，甘玲为董事会秘书。
2026-01-02Wang Wei re-elected as chairman and appointed as general manager; He Jian appointed as CFO; Gan Ling appointed as deputy general manager and board secretary.王卫连任董事长并被聘为总经理；何捷兼任财务负责人；甘玲出任副总经理及董事会秘书。
SF Airlines fleet & route expansion顺丰航空机队及航线拓展
10 · 2024-07-02 → 2026-04-29
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Launch of new domestic and international cargo routes, including SAF commercial flight and specialty product air routes.开通国内外新货运航线，包括可持续航空燃料商业航班及特色产品航线。
2024-07-02SF Airlines launched a new 'Shenzhen-Ho Chi Minh City' international cargo route, operated by a B757-200 freighter.顺丰航空开通'深圳-胡志明'国际货运航线，由B757-200全货机执飞。
2024-12-19SF Airlines completed the first commercial flight of a cargo aircraft using Sustainable Aviation Fuel (SAF) in China, a B737 freighter from Ningbo to Ezhou Huahu Airport.顺丰航空完成国内全货机首次可持续航空燃料（SAF）商业飞行，B737全货机从宁波飞抵鄂州花湖机场。
2025-01-13SF Airlines launched a full-cargo charter flight from Yulin to Ezhou dedicated to transporting Hengshan lamb, the first such specialty product air route, leveraging cold chain for nationwide delivery during Spring Festival.顺丰航空开通榆林至鄂州羊肉全货机航线，首次通过专机运输横山羊肉，依托冷链系统实现春节前全国配送。
2025-03-04SF Airlines launched a Urumqi-Islamabad international freighter route, operating 2 flights per week with a B757-200 (28-ton capacity), providing over 110 tons of weekly airlift, the 3rd international route with Xinjiang Commercial Logistics Group.顺丰航空开通乌鲁木齐-伊斯兰堡国际全货机航线，每周2班，B757-200执飞（载重28吨），周运力超110吨，系与新疆商贸物流集团合作的第3条国际航线。
2025-03-05SF Airlines launched a Shanghai Pudong-Chengdu Shuangliu freighter route, operating 5 weekly flights with a B737-300, enabling 'next-morning delivery' between the Yangtze River Delta and Chengdu-Chongqing economic circles.顺丰航空开通上海浦东-成都双流全货机航线，每周5班，B737-300执飞，实现长三角与成渝经济圈间‘次晨达’。
2025-05-31SF Airlines launches dedicated cargo flights for lychee season, using Boeing 757-200 aircraft on routes Zhanjiang-Ezhou and Zhanjiang-Beijing, transporting about 50 tons of fresh lychee daily from western Guangdong.顺丰航空开通荔枝季全货机航线（湛江-鄂州、湛江-北京），投入波音757-200机型，每天运送约50吨新鲜荔枝从粤西出港。
2025-07-10SF Airlines launched a regular all-cargo freighter route from Lhasa to Ezhou, with a maximum payload of 32 tonnes. Transit time reduced from 7-10 days by road to 2-4 days, improving freight efficiency by over 50%.顺丰航空开通拉萨至鄂州全货机定期货运航线，最大载量32吨。运输时效从陆运7-10天缩短至2-4天，货运效率提升超50%。
2025-11-05SF launches 'Ezhou=East Midlands' full-cargo international route, its first UK freighter route, with 4 weekly flights using B747, reducing China-UK transit to fastest 16 hours and end-to-end to 4 days.顺丰开通‘鄂州=东米德兰’全货机国际航线，为其首条英国全货机航线，每周4班由B747执飞，中英运输时效最快16小时，端到端最快4日。
2026-01-24SF Airlines operated a B757-200 freighter from Xining Caojiabao Airport to Ezhou Huahu Airport for the first flight of the year, carrying 26 tons per flight, 7 flights per week, to enhance Qinghai livestock product export logistics.顺丰航空一架B757-200全货机完成西宁至鄂州花湖机场新年首航，单班载货26吨，每周7班，提升青海牛羊肉等特色农产品外运效率。
2026-04-29SF Airlines launched a Zhanjiang to Ezhou all-cargo route (B737-300, 14-ton capacity, 5 flights/week), connecting western Guangdong to the Ezhou hub for nationwide and international distribution.顺丰航空开通湛江至鄂州全货机航线（B737-300，载重14吨，每周5班），连接粤西与鄂州枢纽，辐射全国及国际。
Ezhou Huahu International Airport hub development鄂州花湖国际机场枢纽建设
7 · 2024-07-02 → 2026-04-08
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Development of Ezhou as a world-class air cargo hub, including route network, government support, and partnerships.将鄂州打造为世界级航空货运枢纽，包括航线网络、政府支持及合作伙伴关系。
2024-07-02Etihad Cargo expanded partnership with SF Airlines, adding flights between Abu Dhabi and Ezhou hubs and launching a new Shenzhen-Abu Dhabi cargo route.阿提哈德货运扩大与顺丰航空的合作，增加阿布扎比和鄂州枢纽航班班次，并开通深圳至阿布扎比新货运航线。
2024-09-18SF Holding chairman Wang Wei met with Etihad Aviation Group chairman Mohamed Ali AL Shorafa; both sides discussed upgrading cooperation to form a joint venture in air cargo, following a July 2024 capacity increase on Ezhou/Shenzhen-Abu Dhabi routes to over 600 tonnes/week.顺丰控股董事长王卫会见阿提哈德航空集团董事长Mohamed Ali AL Shorafa，双方考虑升级合作成立航空货运合资公司；此前2024年7月加密鄂州/深圳至阿布扎比航线，周出港运能超600吨。
2025-04-25Hubei Provincial Party Secretary Wang Zhonglin met with SF Holding Chairman Wang Wei; both sides agreed to deepen strategic cooperation to accelerate the development of Ezhou Huahu International Airport into a world-class air cargo hub.湖北省委书记王忠林会见顺丰控股董事长王卫；双方同意持续深化战略合作，加快推动花湖国际机场建设成为世界一流航空货运枢纽。
2025-05-20SF Holding, together with Hubei Airport Group Aviation Logistics and Hubei International Logistics Airport, establishes Ezhou Airport Aviation Ground Services Co., Ltd. with registered capital of 5 million yuan, to provide cargo handling and support services.顺丰与湖北机场集团航空物流有限公司、湖北国际物流机场有限公司共同成立鄂州空港航空地面服务有限公司，注册资本500万元，提供航空运输货物打包等服务。
2025-10-17Zeiss and SF Group's strategic cooperation base officially launched at Ezhou Huahu International Airport, covering 995 sqm, integrating automated warehousing, smart processing, and global distribution for lenses.蔡司与顺丰集团战略合作基地在鄂州花湖国际机场投运，占地995平方米，集全自动仓储、智能加工与全球配送于一体，用于镜片业务。
2025-11-17Meituan Pharmaceutical Health and SF Express jointly open the first pharmaceutical e-commerce aviation logistics center at Ezhou Huahu International Airport, achieving 'next-morning delivery' in 35 cities and 'next-day delivery' in 318 cities.美团医药健康与顺丰速运在鄂州花湖国际机场共建全国首个医药电商航空物流中心，实现35城‘次晨达’、318城‘次日达’。
2026-04-08SF Holding stated that the Ezhou cargo hub had opened 59 domestic and 22 international cargo routes by end-2025, with over 30,000 flight takeoffs/landings, up 11% YoY; the hub processes 280,000 parcels per hour at peak.顺丰控股披露鄂州货运枢纽截至2025年底已开通59条国内、22条国际货运航线，航班起降超3万架次，同比增长11%，峰值处理能力28万件/小时。
Strategic partnerships with OEMs & industrial companies与主机厂及工业企业的战略合作
5 · 2024-07-19 → 2026-06-03
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Cooperation with Chery, Heli, Sany, Mingyang, and others for automotive logistics, green energy, and smart manufacturing.与奇瑞、合力、三一、明阳等合作，涉及汽车物流、绿色能源及智能制造。
2024-07-19SF Group signed a strategic cooperation agreement with Chery Holding to deepen collaboration in automotive logistics, urban green delivery, new energy, and digital technology.顺丰集团与奇瑞控股签署战略合作协议，在汽车物流、城市绿色配送、新能源和数字科技等领域深化合作。
2025-03-28SF Holding and Sinopec SenMei (Fujian) signed a strategic cooperation agreement focusing on new energy development, oil product supply, convenience store logistics, and property asset utilization to form an 'energy + logistics' complementary chain.顺丰控股与中石化森美（福建）签署战略合作协议，聚焦新能源开发、成品油采供、易捷商品物流及场地资产利用，形成‘能源+物流’互补格局。
2025-04-18Anhui Heli Co., Ltd. and SF Express Co., Ltd. signed a strategic cooperation agreement in Shenzhen, covering technology and manufacturing integration, scenario co-creation, and global expansion in smart logistics and green logistics.安徽合力股份有限公司与顺丰速运有限公司在深圳签署战略合作协议，围绕技术与制造融合、场景共创、全球拓展等领域深化合作。
2026-05-19SF Holding signed a deep cooperation framework agreement with Mingyang Smart Energy Group to jointly advance smart transportation, spare parts management, and predictive maintenance for offshore wind power, leveraging digital supply chain capabilities.顺丰控股与明阳智慧能源集团签署深度合作框架协议，共同推进海上风电的智能运输、备件管理和预测性维护，注入数智化供应链能力。
2026-06-03Sany Heavy Truck and SF Group deepen cooperation, focusing on new energy heavy truck customization for express delivery, green logistics, and overseas layout.三一重卡与顺丰集团深化合作，聚焦新能源重卡快递快运场景化定制、绿色物流及海外布局。
Customer service incidents & regulatory penalties客户服务事件及监管处罚
6 · 2024-08-08 → 2026-06-15
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Customer disputes over damaged/lost parcels, regulatory fines on payment subsidiary, and service suspension due to geopolitics.关于包裹损坏/丢失的客户纠纷、支付子公司监管罚款及因地缘政治暂停服务。
2024-08-08SF Group responded to a customer complaint that a master's degree certificate and diploma were damaged during sorting at Zhenjiang transfer hub; compensation agreement reached with customer.顺丰集团回应客户投诉硕士毕业证和学位证在镇江中转场分拣时损坏，已与客户达成理赔协议。
2025-05-09SF Hengtong Payment (a subsidiary of SF Holding) is fined 210,099.51 yuan by the Shenzhen branch of the People's Bank of China for violating clearing management and account management regulations.顺丰恒通支付因违反清算管理规定和账户管理规定，被中国人民银行深圳市分行罚款210,099.51元。
2025-05-30A customer reports that SF Holding lost a 50,000 yuan jade bracelet during shipment; SF initially offers 9 times the freight as compensation, but later sets up a claims team to handle the dispute.广东一女子通过顺丰邮寄价值5万元手镯丢失，顺丰最初提出9倍运费赔偿，后成立理赔小组处理此事。
2026-03-02SF International suspended international express and e-commerce services to/from multiple Middle Eastern countries due to regional geopolitical tensions, effective immediately until further notice.顺丰国际暂停中东多国进出口的国际快递和国际电商服务，因地区局势发展，即日起生效，恢复时间另行通知。
2026-06-14A SF Express truck catches fire in Xi'an, Shaanxi; approximately half a truckload of parcels (newly collected, not for delivery) is destroyed.陕西西安一辆顺丰快递车起火，约半车快递（刚揽收而非派送中）损毁。
2026-06-15Multiple consumers report SF Express damaged valuable insured items with low compensation; one case: goods worth nearly RMB 800,000 with RMB 1 million insurance received only RMB 500 compensation.多位消费者投诉顺丰快递暴力运输损坏保价贵重物品，赔偿极低；一例：价值近80万元、保价100万元的货物仅获赔500元。
Awards & certifications奖项与认证
3 · 2024-09-27 → 2026-01-21
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Analyst coverage initiation, block trades, and bid wins.分析师首次覆盖、大宗交易及中标。
2024-09-27Bank of China initiated coverage on SF Holding with a 'Buy' rating and a target price of RMB 49.20.中国银行发布研报，给予顺丰控股“买进”初始评级，目标价49.20元。
2025-02-19SF Holding saw a block trade of RMB 370 million at RMB 40.84/share, a 1% discount to the closing price of RMB 41.25.顺丰控股出现3.7亿元折价大宗交易，成交价40.84元/股，较收盘价41.25元/股折价约1%。
2026-01-21Keshun Waterproof successfully won the bid for the annual waterproof strategic centralized procurement of SF Fengtai Industrial Parks, becoming the exclusive waterproof material supplier for SF's national industrial park projects.科顺股份成功中标顺丰丰泰产业园年度防水战略集采，成为顺丰全国产业园项目的独家防水材料供应商。
Employee incentive & welfare programs员工激励及福利计划
9 · 2024-10-16 → 2026-05-17
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Stock option plans, co-growth shareholding plan, CEO bonus payouts, and courier welfare investment.股票期权计划、共同成长持股计划、CEO奖金发放及快递员福利投入。
2024-10-16SF Holding announced the second exercise period of its 2022 stock option incentive plan, covering 7.93 million options for 1,222 participants at an exercise price of RMB 41.593 per share, valid from October 21, 2024 to May 29, 2025.顺丰控股宣布2022年股票期权激励计划第二个行权期条件已成熟，涉及1222名激励对象共793万份期权，行权价41.593元/股，行权期为2024年10月21日至2025年5月29日。
2024-10-29SF Holding cancelled 115,058 unexercised stock options from 16 participants in its 2022 stock option incentive plan after the first exercise period expired.顺丰控股注销2022年股票期权激励计划中16名激励对象在第一个行权期届满未行权的11.5058万份股票期权。
2024-11-14Approved the cancellation of certain stock options and adjustment of exercise price for the 2022 Stock Option Incentive Plan; the second exercise period for reserved grants became exercisable (31 participants, 241,313 options, exercise price RMB 40.199/share).批准注销2022年股票期权激励计划部分期权并调整行权价格；预留授予股票期权第二个行权期行权条件成就（31名激励对象，24.1313万份，行权价40.199元/股）。
2025-06-09SF Holding announced that 1,158 incentive recipients met conditions for the third exercise period of the 2022 A-share stock option plan, with 8.06 million options exercisable at RMB 40.199 per share; 3.14 million options were cancelled due to resignations and performance.顺丰控股公告2022年A股股票期权激励计划首次授予第三个行权期条件成就，1158名激励对象可行权806万份，行权价40.199元/股；因离职和业绩注销314万份期权。
2025-08-28SF Holding announced a 'Co-Growth Shareholding Plan' granting up to 200 million A-shares (donated by controlling shareholder) to core employees with a 9-year vesting period, and CEO Wang Wei will personally give special thank-you payments to employees with over 10 years of service.顺丰控股推出‘共同成长持股计划’，由控股股东无偿赠与不超过2亿股A股予核心骨干员工（授予期9年），总裁王卫以个人名义向服务超10年员工发放特别感谢金。
2025-09-03SF Holding announced a 'Common Growth' shareholding plan: controlling shareholder Mingde Holdings will donate up to 200 million A-shares (worth ~RMB 9.68 billion) to employees without requiring contribution.顺丰控股推出‘共同成长’持股计划：控股股东明德控股将无偿捐赠不超过2亿股A股（价值约96.8亿元）给员工，无需出资。
2025-10-02Chairman Wang Wei distributed a personal cash bonus of CNY 2.186 billion to employees, following similar gestures in 2017 and 2025 Spring Festival.董事长王卫以个人名义向员工发放21.86亿元现金红包，延续2017年及2025年春节的做法。
2025-10-31Approved the vesting conditions for the third exercise period of the 2022 A-share stock option incentive plan (reserved grant), allowing 26 eligible grantees to exercise 192,438 options at CNY 39.301 per share.批准2022年A股股票期权激励计划预留授予第三个行权期行权条件成就，26名激励对象可行权19.2438万份，行权价39.301元/股。
2026-05-17SF Holding announced an additional 300 million yuan investment in 2026 for courier welfare, including six major rights guarantees and 12 core measures, such as honor system, career development, insurance, and peak-season care.顺丰控股宣布2026年增投3亿元，推出六大权益保障和十二项核心举措，包括小哥荣誉体系、多元发展、福利保险、高峰关怀等。
New service launches (consumer-facing)面向消费者的新服务推出
12 · 2024-12-02 → 2026-06-17
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Launch of 'Exclusive Delivery', 'Overtime Compensation', luggage check-in, city mini-warehouse, and other consumer logistics services.推出“专属配送”、“超时赔付”、行李托运、城市迷你仓等消费者物流服务。
2024-12-02SF City Express launched 'Exclusive Delivery' service, a 1-on-1 dedicated courier model delivering only one order per trip.顺丰同城推出'独享专送'服务，采用1对1专人全程配送，每次只送一单。
2025-06-22Yiwu High-Speed Railway Station and SF Express launched the 'Luggage Easy Check' service, allowing passengers to check luggage to partner hotels within 2 hours via the 'Same City 360' delivery network.义乌高铁站与顺丰联合推出“行李轻松寄”服务，通过“同城360”配送网络，旅客可将行李在2小时内托运至合作酒店。
2025-10-05Launched 'Easy Travel' luggage check-in service at Xi'an Xianyang International Airport (T2, T3, T5), enabling hotel-to-airport luggage transfer for tourists.在西安咸阳国际机场T2、T3、T5航站楼推出“轻松行”行李托运服务，实现酒店与机场间的行李转运。
2025-10-24Launched 'baggage transport' service for inbound tourists at Guangzhou Baiyun Airport, offering hotel-direct delivery and airport-return services, covering over 150 hotels in Guangzhou, with bilingual support.在广州白云机场为入境游客推出“行李承运”服务，提供酒店直达及返程送机，覆盖广州超150家酒店，配备双语服务。
2025-11-17SF launches 'hands-free travel' luggage storage and delivery service at Chongqing rail transit stations, with Fengchao lockers for self-service 24/7 storage and cross-city delivery to Chengdu.顺丰在重庆轨道交通站点推出‘徒手旅行’行李存包寄递服务，设置丰巢存包柜，支持24小时自助寄存及跨城互寄至成都。
2025-12-01Launched 'Overtime Compensation' service for SF Express, offering cash refunds for delivery delays caused by SF, covering 10 cities initially with plans for national expansion.推出顺丰特快'超时赔付'服务，因顺丰原因导致派送超时提供现金赔付，首批覆盖10城并计划扩展至全国。
2026-01-02Sichuan SF Express, Chengdu Shuangliu Airport, Tianfu Airport, and Sichuan Airlines launched a cross-airport baggage transfer service covering 28 domestic inbound, 31 outbound, and 9 international flights, supporting nearly 660 flights per week.四川顺丰联合成都双流机场、天府机场及四川航空推出跨场转运行李服务，覆盖28个双流进港、31个出港及9个天府国际航班，每周保障近660个航班。
2026-01-12SF Express and Tongcheng Travel launched the 'Winter Break Easy Travel' campaign in Nanning, Wuxi, and Beijing, offering free luggage delivery (first 20kg) for specific flight users through Tongcheng Travel platform.顺丰速运与同程旅行在南宁、无锡、北京推出“寒假轻松行”活动，通过同程旅行平台预订机票的特定用户可享首件20公斤内行李免费寄送服务。
2026-01-17SF Express, Shenzhen Bus Group, and Zhongshan Bus Group launched the 'Shenzhen-Zhongshan Half-Day Delivery' service, using cross-city bus routes to deliver parcels between Zhongshan and Shenzhen Qianhai within half a day, improving timeliness by over 50%.顺丰速运联合深圳巴士集团、中山公交集团推出“深中半日达”服务，依托深中跨市公交专线实现中山至深圳前海湾半日内送达，时效提升超50%。
2026-04-08SF launched 'City Mini Warehouse' self-storage service in Guangzhou, offering units from 0.7 to 45 cubic meters with 15-day minimum rental, 24/7 access, and plans to expand to Shenzhen, Shanghai, Beijing.顺丰在广州推出'城市迷你仓'自助仓储服务，仓型0.7-45立方米，15天起租，24小时自助存取，计划拓展至深圳、上海、北京。
2026-05-19SF Holding partnered with Huazhu Hotels' Huazhu Hui to launch a hotel-to-airport luggage delivery service in Shanghai, targeting business and leisure travelers with a 'person-bag separation' model.顺丰与华住集团旗下华住会合作推出酒店直送机场行李寄递服务，以上海为首个试点城市，打造“人包分离”模式。
2026-06-17SF and China Eastern Airlines launch 'Easy Travel, Luggage-Free' service at Shanghai Pudong Airport, covering 11 airports in 8 cities; passengers can book door-to-door luggage delivery via China Eastern platform.顺丰与东方航空在上海浦东机场启动'轻松出行·行李无忧'服务，覆盖8个城市11座机场，旅客可通过东航平台预约门到门行李寄送。
Cold chain & agricultural logistics solutions冷链及农业物流解决方案
11 · 2024-12-03 → 2026-04-03
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Cold chain partnerships, specialty product logistics (lychee, lamb, salmon, hairy crab, blueberry), and rural network coverage.冷链合作、特色产品物流（荔枝、羊肉、三文鱼、大闸蟹、蓝莓）及农村网络覆盖。
2024-12-03SF Cold Chain signed a strategic cooperation agreement with e-commerce platform Yuanfang Haowu (远方好物) for food traceability, supply chain optimization, logistics, and brand building.顺丰冷运与电商平台远方好物签署战略合作协议，合作涵盖食品溯源、供应链优化、物流体验提升、品牌建设等。
2025-01-06SF Cold Chain and Shouheng Smart Logistics signed a cooperation framework agreement to collaborate on express freight, warehouse-integrated delivery, origin pickup, and customs backhaul services, aiming to build a new agricultural product logistics ecosystem.顺丰冷运与首衡智慧物流签署合作框架协议，将在快运专线、仓配一体、产地揽货、关口背箱四条业务线合作，共同打造农产品物流新生态。
2025-01-24Tianjin SF and China Agricultural Wholesale Market (Tianjin) signed a cooperation agreement to build a 'SF Cold Chain Comprehensive Logistics Service System', covering cold storage, supply chain optimization, and IT systems for frozen products.天津顺丰与中农批天津公司签约，打造“顺丰冷运综合冷链物流服务体系项目”，在冷链仓储、供应链优化、信息化建设等方面合作。
2025-02-26Ganqing SF and Gansu COFCO Coca-Cola signed a cooperation agreement focusing on rural express delivery, channel integration (ODP model), and supply chain digitalization leveraging SF's cold chain and warehousing.甘青顺丰与甘肃中粮可口可乐签署合作协议，聚焦“快递进村”乡村振兴、渠道融合（ODP模式）及依托顺丰冷链仓储的供应链数智化转型。
2025-04-08SF Holding disclosed that its rural terminal network covered 98.9% of counties, 95.1% of towns, and 96.8% of villages by end-2024, with over 100,000 village-level co-distribution station cooperation points.顺丰控股披露截至2024年底农村末端网络覆盖县级98.9%、镇级95.1%、村级96.8%，村级共配驿站合作点超过10万个。
2025-06-01SF Express used a cargo aircraft and logistics drones to transport 28 tons of Maoming lychees from Guangdong to Ezhou Huahu International Airport, achieving 188 destinations within 48 hours coverage across major Chinese cities.顺丰使用货机和物流无人机将28吨茂名荔枝从广东运至鄂州花湖国际机场，实现188个流向48小时内送达，覆盖全国重点城市。
2025-10-04Launched hairy crab self-pickup points at five Shenzhen ports (Shenzhen Bay, Luohu, Liantang, Futian, Shekou) for Hong Kong customers, covering over 500 sqm, using air, high-speed rail, and cold-chain logistics.在深圳湾、罗湖、莲塘、福田、蛇口五个口岸设立大闸蟹自提点，总面积超500平方米，通过航空、高铁及冷链物流服务香港市民。
2025-11-19SF releases special logistics plan for 'Honghu Clear Water Crab' at Honghu City, providing customized transport, temperature control and efficient delivery for local agricultural products.顺丰在洪湖市发布‘洪湖清水蟹’专项物流保障方案，提供定制化运输、全程温控及高效配送服务。
2025-12-06Opened the Inner Mongolia Central China Shared Forward Warehouse in Zhengzhou, SF Cold Chain facility, to support livestock product distribution, partnering with eight local meat and dairy enterprises.在郑州顺丰冷运管城冷仓启用内蒙古华中共享前置仓，与八家内蒙古牛羊肉企业签约，助力农畜产品冷链配送。
2026-01-04SF Express released a blueberry logistics solution at the 3rd Yunnan Blueberry Conference, achieving overnight delivery nationwide and 48-hour coverage of core Southeast Asian markets; plans to deploy drone low-altitude logistics networks in Yunnan core production areas.顺丰在第三届云南蓝莓大会上发布蓝莓物流解决方案，实现全国一夜达、东南亚核心市场48小时覆盖；计划在云南核心产区布局无人机低空物流网络。
2026-04-03SF launched a China-Thailand fresh flower cold chain direct line from Yunnan to Bangkok via Mohan port, achieving 'ship today, deliver next day' for Yunnan cut flowers to Southeast Asia.顺丰开通中泰鲜花冷链专线，从云南经磨憨口岸直通曼谷，实现云南鲜切花'今日发货、隔日派送'至东南亚。
Technology & AI partnerships技术及人工智能合作
8 · 2024-12-20 → 2026-06-23
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Collaborations with Huawei, China TransInfo, Xingdong Jiyuan, and others for smart logistics, AI robots, and digital supply chain.与华为、千方科技、星动纪元等合作，涉及智慧物流、AI机器人及数字化供应链。
2024-12-20SF Technology signed a strategic cooperation agreement with Huawei Technologies to collaborate on smart logistics and smart supply chain.顺丰科技与华为技术有限公司签署战略合作协议，在智慧物流、智慧供应链等领域开展合作。
2026-01-15SF Technology and Xingdong Jiyuan (Star Dynamics) signed a cooperation agreement to jointly develop and deploy embodied intelligent robots in warehousing, sorting, and delivery scenarios, and co-establish industry standards.顺丰科技与星动纪元签署合作协议，联合研发并推广具身智能机器人，覆盖仓储、分拣、配送等场景，并共同制定物流行业标准。
2026-02-26SF Holding positions itself as China's largest and the world's fourth-largest integrated express logistics service provider, with self-developed 'Logistics Decision Large Model' and 'Large Language Model' applied in over 20 scenarios including operations, international customs, and customer service.顺丰控股定位为中国第一大、全球第四大快递物流综合服务商，自研打造了顺丰‘物流决策大模型’与‘大语言模型’，广泛应用于营运、国际关务、客服等20余个场景。
2026-04-04Kunlun Logistics and SF Fengtu Technology jointly developed the Kunlun Smart Logistics Platform, which went live in Guangdong pilot, using AI for dispatch and route optimization.昆仑物流与顺丰丰图科技合作研发的昆仑智慧物流平台在广东试点上线，利用AI实现智能调度与线路优化。
2026-04-23SF Suzhou signed a framework cooperation agreement with Suzhou Jisuyueqian Technology to jointly develop AI robots and smart logistics, focusing on intelligent sorting and unmanned operations.苏州顺丰与苏州极速跃迁科技签署框架合作协议，围绕AI机器人+智慧物流开展技术研发与场景落地合作。
2026-04-27SF Group led a USD 200+ million funding round in embodied AI robotics company Xingdong Jiyuan (Galaxy Bot), which has deployed robots in over 10 logistics centers with SF and China Post, and plans mass delivery of 1,000+ robots in Q2 2026.顺丰集团领投具身智能机器人公司星动纪元超2亿美元融资，该公司已联合顺丰、中国邮政落地10余个物流中心，计划2026年Q2交付千台级机器人。
2026-05-09SF Holding, via its investment platform Xin Yuan Bao Technology (to be renamed Fengjie Qiyuan Technology), jointly invested with Kejie Intelligent in a strategic round for Xingdong Jiyuan (embodied AI startup) to advance smart logistics.顺丰通过旗下投资平台新元报科技（拟更名丰捷启元科技）联合科捷智能对星动纪元（具身智能初创公司）进行新一轮战略投资，推进智能物流。
2026-06-23SF integrates with WeChat AI assistant 'Xiao Wei' for trial; users can send and track parcels via natural language dialogue within WeChat.顺丰接入微信AI助手'小微'进行试运行，用户可通过微信内自然语言对话完成寄件与查件。
Autonomous driving & unmanned vehicle deployment自动驾驶及无人车部署
8 · 2025-01-06 → 2026-06-03
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Investment in autonomous driving companies and deployment of unmanned delivery vehicles in campuses, communities, and transfer stations.投资自动驾驶公司，在校园、社区及中转场部署无人配送车。
2025-01-06SF Express Tianjin deployed unmanned delivery vehicles at Tianjin Vocational University, operating at under 10 km/h with radar and cameras, enabling students to schedule deliveries via app.顺丰速运天津公司在天津职业大学投用无人快递配送车，时速低于10公里，配备雷达和摄像头，学生可通过手机预约配送。
2025-03-27SF Express deployed 3 unmanned delivery vehicles in Tianjin's Wanghailou and Guangfudao subdistricts for last-mile parcel delivery from outlets to residential areas, expanding smart driving application scenarios.顺丰速运在天津望海楼和光复道两个街道投用3辆无人快递接驳车，用于网点至小区的末端配送，拓展智能驾驶应用场景。
2025-04-25SF Holding's subsidiary Shenzhen SF Investment Co., Ltd. became a shareholder of Baixiniu Zhida (Beijing) Technology Co., Ltd., an L4 autonomous driving company focused on logistics delivery, holding approximately 3.87% stake.顺丰控股子公司深圳市顺丰投资有限公司成为白犀牛智达（北京）科技有限公司股东，该公司为L4自动驾驶物流配送公司，顺丰投资持股约3.87%。
2025-05-08SF Holding leads a 200 million yuan Series B round in White Rhino (Bai Xi Niu), with Xin Yuan Auto and existing investor Linear Capital participating, for new product R&D and market expansion.顺丰领投白犀牛2亿元B轮融资，鑫源汽车及老股东线性资本跟投，资金用于新产品研发和市场推广。
2025-08-21SF Holding participated in the B+ round of autonomous driving company White Rhino (Bai Xiniu), following up on its initial investment in August 2024, with total Series B funding reaching nearly RMB 500 million, aimed at developing vehicle-grade unmanned vehicles targeting 5,000 active vehicles by 2026.顺丰参与L4自动驾驶企业白犀牛B+轮融资（B轮累计近5亿元），系一年内第三次投资，资金用于车规级无人车研发，2026年目标活跃车辆5000台。
2026-01-07SF Express disclosed that it has deployed over 1,800 autonomous vehicles in scenarios such as transfer stations, delivery areas, campuses, and parks, effectively reducing feeder transportation costs.顺丰披露在中转场、网点、园区及校园等场景累计投运超1800台无人车，有效降低支线运输成本。
2026-04-10SF Holding disclosed that as of December 2025, it had deployed nearly 3,000 unmanned vehicles in over 130 cities for various logistics scenarios.顺丰控股披露截至2025年12月已在130多个城市累计投运近3000辆无人车，覆盖多元物流场景。
2026-06-03SF Express, Dongfeng Liuzhou Chenglong, and Inceptio Technology complete the world's first L4-level light truck fully autonomous public road test without safety driver or remote intervention.顺丰速运、东风柳汽乘龙与嬴彻科技完成全球首次L4级轻卡全无人驾驶公开道路测试，全程无安全员、无远程干预。
Government & public service partnerships政府及公共服务合作
8 · 2025-01-07 → 2026-04-30
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Cooperation with traffic police, public transport groups, and government agencies for license plate delivery, bus-logistics, and disaster relief.与交警、公交集团及政府部门合作，提供车牌寄递、公交物流及救灾服务。
2025-01-07SF Charity Foundation activated emergency response after a 6.8-magnitude earthquake in Dingri County, Tibet, dispatching first batch of relief supplies from Lhasa to the disaster area.西藏定日县发生6.8级地震后，顺丰公益基金会启动应急响应，从拉萨发出首批救灾物资运往灾区。
2025-07-15Sichuan SF and Chengdu Bus Group launched a station cooperation, opening a SF service point at Wuguiqiao Transport Hub. The point has 18 couriers, processes over 2,000 parcels daily, serving 19 residential communities and schools.四川顺丰与成都公交集团启动场站合作，在五桂桥交通枢纽开设顺丰服务站点。该站点有18名快递员，每天处理超2000件包裹，服务周边19个住宅小区及学校。
2025-08-19Nanyang Public Transport Group signed a strategic cooperation agreement with Henan SF Express to explore a 'bus + logistics' cross-industry model covering nine areas including facility sharing and resource integration.南阳市公共交通集团与河南省顺丰速运签署战略合作协议，围绕‘公交+物流’跨界融合模式在9大领域开展深度合作。
2025-08-25SF Express signed deep cooperation agreements with Zhuhai Public Transport Group and Zhongshan Public Transport Group, launching the 'bus + logistics' model in the Guangdong-Hong Kong-Macao Greater Bay Area, utilizing bus stops and off-peak capacity for parcel services.顺丰与珠海公交集团、中山公交集团签署深度合作协议，在粤港澳大湾区落地‘公交+物流’模式，利用公交站点和非高峰运力开展快递服务。
2025-08-30SF Express, in partnership with Yichang traffic police and Beijing Jiaoshun Technology, launched the 'Jing-Shun-Hua' vehicle and driver service station in Yichang, Hubei, the largest SF convenience station nationwide, offering 30+ online and offline services with daily volume of 200-300 parcels (target 400).顺丰与宜昌交警、北京交顺科技共建的‘警顺华’车驾管服务站在湖北宜昌投入运营，系顺丰全国最大便民站点，提供30余项线上线下一体化服务，日均揽收200-300票（目标400票）。
2025-10-17Partnered with the traffic police department to provide 'new license plate delivery service' via the 'Traffic Management 12123' app, covering nearly 150 cities, enabling online selection and home delivery.与交管部门合作，通过“交管12123”App推出“新车牌证寄递服务”，覆盖近150个城市，实现线上选号、快递到家。
2025-12-03Hainan Provincial Party Secretary Feng Fei met with SF Holding Chairman Wang Wei to discuss deepening cooperation in smart logistics and supply chain innovation amid Hainan Free Trade Port's closure.海南省委书记冯飞会见顺丰控股董事长王卫，双方围绕海南自贸港封关运作深化智慧物流和供应链创新合作进行交流。
2026-04-30SF, along with 8 other major courier companies, signed Shanghai's first industry labor agreement covering over 100,000 couriers, addressing wages, contracts, safety, and rest rights.顺丰等9家头部快递企业签署上海首份行业劳动规则协议，覆盖超10万名快递员，涉及薪酬、合同、安全、休息等权益。
Strategic cooperation MoUs战略合作备忘录
10 · 2025-01-18 → 2025-12-24
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Strategic agreements with government entities, logistics partners, and technology firms.与政府、物流伙伴及科技公司签署战略合作协议。
2025-01-18SF Asia became the exclusive logistics partner of Nanning Unicom for the China-ASEAN cross-border e-commerce service platform, providing integrated logistics services for the platform built by Guangxi government and Nanning Unicom.顺丰亚洲成为南宁联通唯一指定物流合作伙伴，为广西壮族自治区政府及南宁联通共同打造的中国-东盟跨境电商服务平台提供一站式综合物流服务。
2025-02-19SF Asia region signed a strategic cooperation framework agreement with Wukong Overseas, Southeast Asia's largest Chinese food delivery platform, covering traffic exchange, agency, cross-border transport, and integrated food supply chain solutions.顺丰亚洲大区与东南亚最大华人外卖平台“悟空海外”在泰国曼谷签订战略合作框架协议，合作涵盖流量互换、业务代理、跨国运输和一体化食材供应链解决方案。
2025-02-24Ganqing SF Express and Gansu International Logistics Group signed a cooperation agreement to build a Central Asia-oriented air cargo network, strengthen Lanzhou-Ezhou freighter routes and Lanzhou-Tashkent charter cooperation, and develop B2C cold chain and LTL networks.甘青顺丰速运与甘肃国际物流集团签署合作协议，联合打造辐射中亚的航空货运网络，强化兰州-鄂州全货机航线与兰州-塔什干包机项目协同，共建B2C冷链及冷运零担网络。
2025-03-05SF Group signed a strategic agreement with Yifei Aviation Technology to order 100 ES1000 large unmanned transport aircraft (1.5-ton payload, 1,200 km range) for feeder/regional air logistics, exploring integrated drone and trunk aircraft operations.顺丰集团与翊飞航空科技签订合作协议，首批订购100架ES1000大型无人运输机（商载1.5吨，航程1200公里），用于支线/下沉航空物流，探索无人机与干线飞机联运。
2025-04-02Henan Provincial Party Secretary Liu Ning and Governor Wang Kai met with SF Holding Chairman Wang Wei; SF plans to build an international logistics hub integrating smart logistics, multimodal transport, regional hub and drone applications in Henan.河南省委书记刘宁、省长王凯会见顺丰控股董事长王卫；顺丰计划在河南打造集智慧物流、多式联运、区域枢纽及无人机应用等功能于一体的国际物流枢纽。
2025-06-09Zhuhai Wanda Commercial Management Group signed a strategic cooperation agreement with SF Express, covering smart commercial logistics, membership ecosystem integration, joint marketing, and social responsibility initiatives.珠海万达商业管理集团与顺丰速运签署战略合作协议，涵盖智慧商业物流、会员生态融合、联合营销及社会责任等领域。
2025-06-19SF Supply Chain and CVTE (Guangzhou Shiyuan Electronic Technology) jointly opened an East China warehouse, marking deepened cooperation in high-tech electronics supply chain, aiming to reduce logistics costs and improve efficiency.顺丰供应链与视源股份联合打造的华东仓正式开仓运营，标志着双方在高科技电子产业供应链领域合作深化，旨在降低物流成本并提升效率。
2025-10-22SF Hong Kong signed a cooperation memorandum with China Post Hong Kong to optimize cross-border personal item delivery, integrating resources for parcel transport and customs clearance.顺丰香港与中国邮政香港签署合作备忘录，整合资源优化跨境个人物品寄递服务，提供包裹运输与清关一站式方案。
2025-11-04SF Holding signs strategic cooperation agreement with Rongwanjia Life Service to provide express delivery services to millions of Rongwanjia homeowners across 19 provinces.顺丰控股与荣万家生活服务签署战略合作协议，为全国19个省上百万荣万家业主提供快递服务。
2025-12-24Signed a cooperation memorandum with MSC Air Cargo to collaborate on air, land, and sea freight synergies, focusing on Europe-South America routes and multimodal transport solutions.与MSC Air Cargo签署合作备忘录，围绕空运、陆运和海运协同增效，重点聚焦欧洲和南美航线及多式联运解决方案。
Overseas warehouse & cross-border logistics expansion海外仓及跨境物流拓展
14 · 2025-01-19 → 2026-06-25
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Opening of overseas warehouses in Madrid, Melbourne, and expansion of cross-border e-commerce logistics services.在马德里、墨尔本开设海外仓，拓展跨境电商物流服务。
2025-01-19SF officially launched a Korea-to-China consolidated shipping service, allowing customers to send parcels to SF's Korean warehouse for consolidation, with transparent tracking and optional inspection.顺丰正式推出韩国到中国集运服务，客户可将包裹寄至顺丰韩国仓库，支持合包、拆包、拍照验货等操作，全程透明可追踪。
2025-01-20SF completed its first international shipment of Qinghai Longyangxia salmon (8 tons) from Xining to Bangkok via a full-cargo aircraft with air-to-air transfer, taking 36 hours, marking a breakthrough in domestic salmon export logistics.顺丰完成青海龙羊峡三文鱼首单国际业务，8吨冰鲜三文鱼从西宁经全货机空空联程运抵曼谷，耗时36小时，标志着国产三文鱼出口物流突破。
2025-03-01SF Express upgraded its Asia-to-US international express and e-commerce service, offering 2-4 day delivery for express and 5-7 days for e-commerce parcels from 8 Asian countries, leveraging its own network and Kerry Logistics partnership.顺丰升级亚洲至美国国际快递电商服务，亚洲8国快递最快2-4天送达美国，跨境电商包裹最快5-7天，依托自有网络及嘉里物流合作。
2025-04-06SF Holding's overseas warehouse in Madrid, Spain officially commenced operations; warehouse area 30,000 sqm, equipped with 60 loading docks and high-standard stereoscopic storage, offering bonded storage services.顺丰控股位于西班牙马德里的海外仓正式投入运营；仓库面积3万平方米，配备60个装卸平台和高标准立体仓储系统，提供保税暂存服务。
2025-08-05SF Holding's new logistics warehouse in Melbourne, Australia officially commenced operations, marking the completion of self-operated warehousing and supply chain capabilities in Sydney and Melbourne, with plans to expand to Brisbane and Perth.顺丰位于澳大利亚墨尔本的全新物流仓库正式投入运营，标志着在悉尼和墨尔本完成自营仓储供应链能力布局，并计划扩展至布里斯班和珀斯。
2025-09-05SF Holding reported that its cross-border e-commerce logistics revenue on China-to-Europe routes doubled in H1 2025; it strengthened European capabilities (UK, Germany, France) and expanded overseas warehouses to over 2.5 million sqm globally.顺丰控股称2025年上半年中国至欧洲流向的跨境电商物流收入翻倍增长；加强欧洲（英国、德国、法国）能力建设，全球海外仓总面积突破250万平方米。
2025-12-10Launched Asia-Pacific large-item cross-border logistics solution in Bangkok, covering Thailand, Malaysia, Singapore, Indonesia, with services for home appliances and furniture, signing agreements with Midea and TCL.在曼谷发布亚太大件跨境物流解决方案，覆盖泰国、马来西亚、新加坡、印尼，与美的、TCL等家电企业签署合作协议。
2025-12-30Signed strategic cooperation agreement with UK logistics firm Evri to deepen collaboration in international e-commerce, supply chain, and integrated logistics over 3-5 years, targeting UK, US, Australia, and Ireland markets.与英国物流企业安睿物流（Evri）签署战略合作协议，未来3-5年深化国际电商、供应链及综合物流合作，拓展英国、美国、澳大利亚和爱尔兰市场。
2026-01-08SF Express (Singapore) Pte. Ltd. and CWT Pte. Limited (subsidiary of CWT INT'L) signed a cooperation memorandum covering general warehousing, cold storage, container transport, local delivery, and air/sea freight services in Singapore.顺丰新加坡与CWT Pte. Limited签署合作备忘录，合作范围包括普货仓储、冷藏冷冻仓储、集装箱运输、本地快递及空海运业务。
2026-04-10SF International's 'International Express+' product launched at Yantai port, its first international hub in North China, enabling direct local customs clearance and transport for Shandong exports.顺丰国际'国际标快+'产品在烟台口岸投入运营，系华北首个国际枢纽，实现山东出口货物本地直发。
2026-04-17SF International launched cross-border land transport services between Singapore and Malaysia, offering LTL and FTL modes, to enhance Southeast Asia logistics network.顺丰国际在新加坡与马来西亚推出跨境陆运互寄服务，提供零担和整车模式，完善东南亚物流网络。
2026-04-30SF Group signed a strategic MOU with Singapore Changi Airport Group to cooperate on air logistics, supply chain services, and international transshipment hub development, positioning Singapore as a core Southeast Asian transit hub.顺丰集团与新加坡樟宜机场集团签署战略合作谅解备忘录，聚焦航空物流、供应链服务及国际转运中心建设，将新加坡打造为东南亚核心中转枢纽。
2026-06-06SF International holds cross-border summit in Changshu, Jiangsu, is named 'Changshu Preferred Logistics Provider for Cross-border E-commerce', and signs cooperation intents with local garment manufacturers.顺丰国际在江苏常熟举办跨境峰会，获评'常熟市跨境电商首选物流商'，并与本地服装制造企业签署合作意向。
2026-06-25SF launches 'Haikou ⇌ Singapore' full-cargo international route at Haikou Meilan Airport, operating 3 flights per week (Mon/Wed/Fri) with same-day round trips, mainly for cross-border e-commerce parcels and Hainan cold-chain goods.顺丰在海口美兰机场开通'海口⇌新加坡'全货机国际航线，每周一、三、五执飞3班，当日往返，主要运输跨境电商包裹及海南冷链货物。
Operational expansions & infrastructure运营扩张与基础设施
8 · 2025-01-27 → 2026-05-15
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New hubs, regional headquarters, warehouse openings, and service launches.新枢纽、区域总部、仓库启用及服务上线。
2025-01-27The first airport-SF joint cargo terminal in Xinjiang began operations, providing 24/7 one-stop services including pre-screening, assembly, supervised transport, loading, and direct pickup, cutting air express delivery time by over one day.新疆首个机场顺丰联营货站投入运行，提供24小时预安检、拼装、监管运输、装机、直提等一站式服务，使航空快递时效提速1天以上。
2025-08-28SF Holding and Huafa Property launched a 24-hour smart unmanned community station 'Huafa Four Seasons Cloud Mountain Unmanned Station' in Zhuhai, featuring self-service pickup, smart lockers, and temperature-controlled storage.顺丰与华发物业在珠海推出24小时社区智能无人驿站‘华发四季云山无人驿站’，提供自助取件、智能寄存和恒温保鲜服务。
2025-10-21Beijing SF established a 'Double 11' peak response team, deploying 19,000 couriers, a 600-person mobile support team, and increasing daily vehicle trips from 5,000 to nearly 8,000 during peak.北京顺丰成立“双11”高峰应对工作组，投入1.9万名快递员、600人机动支援队伍，高峰日均车次从5000提升至近8000次。
2025-12-24SF Express High-Speed Rail Express (exclusive same-day) service, launched Nov 1, 2025 with CR Express, expanded to 196 cities, serving nearly 1 million users with door-to-door delivery.顺丰高铁急送（专享即日）产品自2025年11月1日试运营以来，服务网络扩展至全国196个城市，已为近百万用户提供门到门寄递服务。
2025-12-26Officially launched SF Express Southern Jiangsu regional headquarters in Wujiang Taihu New City, covering Suzhou, Wuxi, Changzhou, with 9 smart transfer hubs processing 4 million parcels daily, projected annual revenue over RMB 5 billion.顺丰速运苏南区总部在吴江太湖新城正式启用，覆盖苏州、无锡、常州，设有9个智能化转运中心，日均处理快件400万件，预计年营收不低于50亿元。
2026-01-20SF Express and NVC Lighting held a warehouse opening ceremony in Wuhan, officially putting the dedicated Wuhan warehouse into operation to enhance supply chain efficiency.顺丰与雷士照明在武汉举行开仓仪式，武汉专仓正式投入运营，旨在提升供应链效率。
2026-03-06SF Yunnan Smart Supply Chain Headquarters Base project in Kunming Economic & Technological Development Zone is expected to start construction in 2026, covering 200+ mu (13.3+ hectares) with 190,000 sqm floor area, completion by 2028.顺丰云南智慧供应链总部基地项目预计2026年在昆明经开区开工，占地200余亩，建筑面积约19万平方米，2028年建成投用。
2026-05-15SF Holding plans to open a gold warehouse at its Hong Kong airport facility by October 2026, with a 50-100 ton capacity for precious metals and high-value asset storage, supporting Hong Kong's precious metals hub initiative.顺丰控股计划于2026年10月在香港机场附近设施开设黄金仓库，容量50-100吨，用于贵金属和高价值资产存储，支持香港贵金属中心发展计划。
Green energy & sustainability initiatives绿色能源及可持续发展举措
4 · 2025-03-11 → 2026-03-02
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Industrial park photovoltaic projects, new energy vehicle fleet expansion, and sustainable aviation fuel offtake agreements.产业园光伏项目、新能源车队扩张及可持续航空燃料承购协议。
2025-03-11SF Holding signed a bulk sustainable aviation fuel (SAF) offtake letter of intent with Sinopec (Hong Kong) Aviation Fuel Company and China Environmental United Certification Center (CEC) for cargo aviation, aiming for full lifecycle traceability and carbon transparency.顺丰控股与中石化（香港）航空燃油公司、中环联合认证中心（CEC）签署可持续航空燃料（SAF）大宗意向认购合作书，用于货运航空，实现全生命周期溯源与碳数据透明化。
2025-04-08SF Holding disclosed that by end-2024, it had built 35 industrial park photovoltaic projects, with 24 in operation; installed capacity reached 111 MW, annual clean energy generation exceeded 70 million kWh.顺丰控股披露截至2024年底已推进35个产业园光伏项目，其中24个投入运营；装机容量达111兆瓦，清洁能源年发电量超过7000万千瓦时。
2025-09-05SF Holding disclosed that as of end-2024, it had deployed over 40,000 new energy vehicles across 253 cities, adding ~9,000 in 2024; it is also exploring autonomous truck fleets.顺丰控股披露截至2024年底累计投放新能源车辆超4万辆，覆盖253个城市，2024年新增近9000台；同时探索组建智驾车队。
2026-03-02SF Holding stated on its investor platform that it had deployed over 40,000 new energy vehicles by end of 2024, covering 253 cities, and disclosed a strategic cooperation with J&T Express in international and domestic businesses.顺丰控股在互动平台表示，截至2024年底累计投放新能源车辆超4万辆，覆盖253个城市，并披露与极兔在国内外业务上的战略合作。
New subsidiary & entity establishments新子公司及实体设立
8 · 2025-03-24 → 2026-01-26
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Establishment of new subsidiaries for supply chain, logistics, and management consulting in various regions.在各地区设立新的供应链、物流及管理咨询子公司。
2025-03-24SF Holding established Kunshan Fengtai Enterprise Management Co., Ltd. with registered capital of RMB 203 million, wholly owned by Shenzhen Yirongfeng Technology (a SF subsidiary), covering property management, warehousing, and leasing services.顺丰控股成立昆山丰泰企业管理有限公司，注册资本2.03亿元，由旗下深圳市意荣丰科技有限公司全资持股，业务涵盖物业管理、仓储、租赁等。
2025-04-18Shenzhen Yuesu Supply Chain Management Co., Ltd. was established in Shenzhen with registered capital of RMB 30 million, jointly held by SF Holding's Shenzhen SF Express Freight Co., Ltd. and Ningbo Meishan Bonded Port Zone Chuangxiang Linghang Enterprise Management Partnership.深圳悦途供应链管理有限公司在深圳成立，注册资本3000万元，由顺丰控股旗下深圳顺丰快运股份有限公司与宁波梅山保税港区创享领行企业管理合伙企业共同持股。
2025-06-03Heilongjiang Zhifeng Supply Chain Co., Ltd. was established, wholly owned by SF Holding, with registered capital of RMB 1 million, covering supply chain management and warehousing services.黑龙江省智丰供应链有限公司成立，由顺丰控股间接全资持股，注册资本100万元，经营范围涵盖供应链管理和仓储服务。
2025-07-11Sichuan Jiepei Technology Co., Ltd. was established, wholly owned indirectly by SF Holding, with registered capital of RMB 50 million. Business scope includes IoT technology services, supply chain management, and freight transport agency.四川捷配科技有限公司成立，由顺丰控股间接全资持股，注册资本5000万元人民币。经营范围包括物联网技术服务、供应链管理、货物运输代理等。
2025-10-16Established Sichuan SF Zhida Logistics Co., Ltd., with registered capital of CNY 5 million, wholly owned by Sichuan SF Express Co., Ltd., covering domestic and international freight forwarding and warehousing.成立四川顺丰智达物流有限公司，注册资本500万元，由四川顺丰速运有限公司全资持股，业务涵盖国内及国际货运代理、仓储等。
2025-12-01Established Shunying Holding (Shenzhen) Co., Ltd. with registered capital of RMB 1 billion, wholly owned by SF Holding, for management consulting and supply chain services.成立顺英控股（深圳）有限公司，注册资本10亿元，由顺丰控股全资持股，用于企业管理咨询和供应链服务。
2025-12-05Established Kunming Fengyutai Management Co., Ltd. with registered capital of RMB 220 million, wholly owned by Yunnan SF Express, for park management and consulting services.成立昆明丰预泰管理有限公司，注册资本2.2亿元，由云南顺丰速运全资持股，用于园区管理和咨询服务。
2026-01-26SF Hengtong Payment Co., Ltd. increased its registered capital from RMB 100 million to RMB 300 million (200% increase), with changes in key personnel; the company is wholly owned by SF Technology Co., Ltd.顺丰恒通支付有限公司注册资本由1亿元增至3亿元（增幅200%），部分主要人员发生变更；该公司由顺丰科技有限公司全资持股。
Tourism & hospitality logistics integration旅游及酒店物流整合
7 · 2025-05-27 → 2026-04-16
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Partnerships with Disney, Tongcheng Travel, Huazhu Hotels, and scenic area stores for luggage delivery and tourist services.与迪士尼、同程旅行、华住酒店及景区门店合作，提供行李寄送及旅游服务。
2025-05-27SF Holding signs a multi-year strategic alliance agreement with Shanghai Disney Resort, becoming the official courier and logistics service partner, providing parcel delivery for visitors and operational logistics support.顺丰与上海迪士尼度假区达成为期数年的战略联盟协议，成为其官方快递和物流服务合作伙伴，为游客提供商品寄送及运营支持。
2025-08-07SF Express signed a strategic cooperation agreement with Tongcheng Travel in Guangzhou to explore an integrated 'logistics + tourism' model for smart travel ecosystems.顺丰速运与同程旅行在广州签署战略合作协议，探索‘物流+旅游’融合新模式，打造智慧出行生态体系。
2025-08-16SF Holding opened an IP-themed store at Wuhu Fantawild Tourist Resort, a 5A-level scenic area in Anhui, integrating express services into the tourism scene with luggage delivery and self-service lockers.顺丰IP形象店入驻安徽芜湖方特旅游区（国家5A级景区），将快递服务融入文旅场景，提供行李寄递和自助寄存等服务。
2025-10-29Opened an SF IP-themed service store at Huangshan Tunxi International Airport, providing convenient parcel delivery for travelers, following a similar store at Wuhu Xuanzhou Airport.在黄山屯溪国际机场开设顺丰IP形象店，为旅客提供便捷寄递服务，继芜宣机场后又一交通枢纽布局。
2025-12-04Partnered with Huaban, a ski-focused social platform with over 10 million registered users, to integrate ski equipment delivery solutions and build a full-service ecosystem for the winter sports industry.与滑雪社交平台滑呗（注册用户超1000万）合作，整合雪具寄递解决方案，共同构建冰雪产业全服务生态。
2026-03-12SF Express and China Tourism Group deepened strategic cooperation, launching a 'cultural tourism + logistics + surfing' integrated project at the Wanning CTS Surf Resort.顺丰速运与中国旅游集团深化战略合作，在万宁中旅逐浪度假区落地'文旅+物流+冲浪'融合项目。
2026-04-16SF Hebei signed a cooperation agreement with Jinjiang Hotel Management to deploy 'Feng Xiaogui' smart lockers in over 400 Jinjiang hotels across Hebei province for luggage storage and courier services.河北顺丰与锦江酒店管理签署协议，在河北省400余家锦江酒店部署丰小柜，提供行李寄存和快递服务。
ESG & green initiativesESG与绿色倡议
4 · 2025-06-23 → 2026-04-07
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Donations, safety bans, dangerous goods transport cooperation, and rumor-debunking campaigns.捐赠、安全禁令、危险品运输合作及辟谣活动。
2025-06-23SF Express issued an internal notice effective June 23, 2025, banning the acceptance of batteries, power banks (including Romeos recalled products), and related items for shipment due to fire risk concerns.顺丰速运自2025年6月23日起发布内部通知，禁止揽收电池、移动电源（包括罗马仕召回产品）等物品，以管控火灾风险。
2025-11-27SF Group donates 20 million HKD for emergency relief after a fire in Tai Po, Hong Kong, and opens 146 SF stations across Hong Kong for free relief material transport.顺丰集团捐赠2000万港元紧急驰援香港大埔火灾救援，并开放全港146个顺丰站提供免费救援物资运输服务。
2026-03-14SF Group signed a cooperation agreement with Shanghai Chemical Institute Testing Co., Ltd. for limited quantity dangerous goods transport, covering compliance verification, packaging, standards, and training.顺丰集团与上海化工院检测有限公司签署有限数量危险货物运输合作协议，涉及合规核验、包装、标准制定及培训。
2026-04-07SF Group launched a dedicated science and rumor-debunking account 'SF Tanzhen' on WeChat and Weibo, under the guidance of the Central Cyberspace Affairs Commission, to combat misinformation.顺丰集团在中央网信办指导下推出专属科普辟谣账号'顺丰探真'，在微信、微博上线，打击网络谣言。
Capital changes & equity investments资本变动与股权投资
11 · 2025-09-01 → 2026-05-27
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Registered capital increases, subsidiary investments, and stake reductions in listed companies.注册资本增加、子公司投资及上市公司减持。
2025-09-01SF Holding completed a business registration change, increasing registered capital from ~RMB 4.816 billion to ~RMB 4.986 billion (+3.5%).顺丰控股完成工商变更，注册资本由约48.16亿元增至约49.86亿元（增幅约3.5%）。
2025-09-04SF Holding's subsidiary Shenzhen SF Investment Co., Ltd. invested in Guangzhou Xuehang Logistics Co., Ltd., increasing its registered capital from RMB 200 million to ~RMB 333 million.顺丰控股子公司深圳市顺丰投资有限公司投资广州市薛航物流有限公司，注册资本由2亿元增至约3.33亿元。
2025-09-07SF Investment, a subsidiary of SF Holding, plans to reduce its stake in KST Intelligent (688455.SH) by up to 3% (up to 5.425 million shares) via block and centralized bidding from Sep 30, 2025.顺丰控股子公司顺丰投资计划自2025年9月30日起减持科捷智能（688455.SH）不超过3%股份（最多542.5万股），通过大宗交易和集中竞价方式。
2025-10-09Registered capital increased from approximately CNY 4.99 billion to CNY 5.04 billion, the second capital increase in 2025 after an August increase from CNY 4.82 billion.注册资本由约49.9亿元增至约50.4亿元，为2025年内第二次增资（8月曾由48.2亿元增至49.9亿元）。
2025-11-17Guangdong SF E-commerce Co., Ltd. increases registered capital from 10 million yuan to 400 million yuan, a 3900% increase, wholly owned by SF Express.广东顺丰电子商务有限公司注册资本由1000万人民币增至4亿人民币，增幅3900%，由顺丰速运全资持股。
2025-12-10SF Investment reduced stake in Kejie Intelligent (688455) by 1.65 million shares from Nov 5 to Dec 9, 2025, lowering holding from 10.91% to 10.00%.顺丰投资在2025年11月5日至12月9日期间减持科捷智能165万股，持股比例从10.91%降至10.00%。
2025-12-25SF Investment提前 terminated its stake reduction plan in Kejie Intelligent, having sold 2.06 million shares (1.14% of total), reducing holding from 11.14% to 10.76%.顺丰投资提前终止对科捷智能的减持计划，已减持206万股（占总股本1.14%），持股比例从11.14%降至10.76%。
2026-03-09SF Technology (a subsidiary of SF Holding) holds an 8.46% stake in Kalesi Technology Group, which passed its Hong Kong IPO hearing on March 8, 2026.顺丰科技持有凯乐士科技集团8.46%股份，凯乐士于2026年3月8日通过港股IPO聆讯。
2026-04-12SF Holding's investment platforms (SF Chuangxing Investment and SF Investment) participated in the capital increase of Xinyuanbao Supply Chain (to be renamed Fengjie Qiyuan Technology), with SF Investment increasing its capital contribution to RMB 204 million.顺丰控股旗下投资平台参与新元报供应链（拟更名丰捷启元科技）增资，顺丰投资出资额增至2.04亿元。
2026-05-08SF Holding subsidiary Shenzhen SF City Logistics invested 213 million yuan as a limited partner in Suzhou Xiaoyu Chengxi Venture Capital Partnership (target size 700 million yuan), focusing on smart, low-carbon, new energy, logistics tech, and local life ventures.顺丰控股子公司深圳顺丰同城物流作为有限合伙人出资2.13亿元参与苏州小雨成溪创业投资合伙企业（目标规模7亿元），投资智能、低碳、新能源、物流科技及本地生活领域。
2026-05-27The Suzhou Xiaoyu Chengxi Venture Capital Partnership, in which SF Holding's subsidiary invested 213 million yuan, completed its private equity fund filing on May 26, 2026, with custodian China Citic Bank.顺丰控股子公司出资2.13亿元的苏州小雨成溪创业投资合伙企业于2026年5月26日完成私募投资基金备案，托管人为中信银行。
Major event & sports logistics partnerships重大赛事及体育物流合作
2 · 2025-11-05 → 2026-04-08
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Becoming official logistics partner for the 15th National Games, Asian Beach Games, and other major events.成为第十五届全运会、亚洲沙滩运动会等重大赛事的官方物流合作伙伴。
2025-11-05SF Holding becomes the exclusive logistics support enterprise for the 15th National Games and related Paralympic Games in Guangdong, covering Guangzhou, Shenzhen and other host cities.顺丰成为第十五届全国运动会及残特奥会广东赛区唯一物流类支持企业，覆盖广州、深圳等主办城市。
2026-04-08SF Group signed an official partnership agreement with the 6th Asian Beach Games Organizing Committee as the official logistics partner, covering full-cycle logistics for the event.顺丰集团与第六届亚洲沙滩运动会组委会签署官方合作伙伴协议，作为官方物流合作伙伴提供全周期物流保障。
Research institutes & subsidiaries研究院与子公司
4 · 2025-11-28 → 2026-06-11
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Subsidiary IPOs, venture capital fund filings, and technology demonstrations.子公司IPO、创投基金备案及技术演示。
2025-11-28SF completes China's first commercial air transport demonstration of ternary lithium batteries from Ezhou to Shenzhen, using AI early-warning technology and reducing delivery time to under 2 hours.顺丰完成我国首次三元动力锂电池商业化航空运输示范，从鄂州至深圳，采用AI预警技术，运送时长压缩至2小时内。
2026-05-10SF Holding stated during an investor survey that its capex-to-revenue ratio has declined for four consecutive years; 2025 asset capex fell to 9.6 billion yuan; net profit grew from 4.3 billion yuan (2021) to 11.1 billion yuan (2025), CAGR 27%.顺丰控股在调研中表示，资本开支占收入比例连续四年下降，2025年资产类资本开支降至96亿元；归母净利润从2021年43亿元增至2025年111亿元，年复合增速27%。
2026-05-10SF Holding plans to pilot deep integration with intra-city delivery capacity in some cities, reducing transit nodes for direct point-to-point delivery, and expanding rural coverage via strategic partners and Yijiayi station network.顺丰计划在部分城市试点与同城运力深度融通，减少中转节点实现点对点运输，并通过战略合作伙伴及驿加易驿站网络深耕下沉市场。
2026-06-11Fengyi Technology (AI-driven retail, formerly SF subsidiary) files for Hong Kong IPO; it operates over 180,000 smart retail cabinets across 72 cities as of end-2025.丰宜科技（AI驱动零售，原顺丰附属公司）申请香港IPO；截至2025年底在全国72个城市直营超过18万个智能零售柜。
