Shunfeng Holdings: In October 2025, the revenue of express delivery logistics business reached 20.91 billion yuan, a year-on-year increase of 13.68%.

Shunfeng Holding announced that in October 2025, the revenue of the express logistics business was 20.91 billion yuan, a year-on-year increase of 13.68%, with a volume of 1.524 billion tickets, a year-on-year increase of 26.26%, and a single ticket revenue of 13.18 yuan, a year-on-year decrease of 9.97%. The revenue of the supply chain and international business was 6.363 billion yuan, a year-on-year decrease of 0.93%. The growth of express logistics business revenue was mainly due to the company's promotion of activating the operating advancement mechanism, ensuring the delivery demand during the peak season of customer e-commerce promotions, and promoting high-quality business growth. The slowdown in the growth of supply chain and international business revenue was mainly due to fluctuations in international trade and a slowing demand in the freight market, with sea freight prices significantly lower than the same period last year. However, the volume of international freight agency business remained stable, and the revenue of international express and cross-border e-commerce logistics business achieved a rapid year-on-year growth.