Market Brief

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Author

鄭錦華先生 (John Cheng)
助理經理

畢業於嶺南大學市場學系, 現任職輝立助理經理, 對投資股票、期權經驗豐富。 本人樂意為客戶提供投資分析及買賣策略。歡迎各位來電交流心得。
Phone:
36533000

順豐控股股份有限公司(6936)

Thursday, July 3, 2025 Views241

集團業務

集團股份亦在深圳證券交易所上市,編號為002352。集團是一家全球綜合物流服務提供商,主要提供快遞及快運服務(包括在中國大陸、香港及澳門提供時效快遞服務、經濟快遞服務、快運服務以及冷運及醫藥物流服務)、同城即時配送服務(包括食品飲料、雜貨、及3C電子產品及服裝的點對點配送)、供應鏈服務(提供涵蓋採購、生產、配送、銷售及售後的一體化供應鏈解決方案)、國際配送服務(包括國際快遞服務、跨境電商配送服務及海外本地快遞服務),以及國際貨運代理服務(提供全面的跨境物流解決方案,並採用輕資產方式,即大部分運輸需求由外部承運人提供,而部分清關則外包予外部報關行)。

 

業務回顧

按照中國會計準則,截至2025年3月止三個月,集團營業額上升6﹒9%至698﹒5億元(人民幣;下同),股東應佔溢利增長16﹒9%至22﹒34億元。於2025年3月31日,集團持有現金及現金等價物餘額為259﹒44億元。

 

展望未來

公司網絡基礎設施完善,此外精益化管理有關的資源調配,同時間能順應下游企業降低成本的需求以及企業出海的發展方向。

 

建議買入價: 43.50

目標價: 50.00

止蝕價: 40.00

 

註:本人鄭錦華為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之証券的所有相關財務權益。

This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
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