【信达交运丨快递】反内卷涨价成效显著,关注旺季盈利修复

交运研究
Oct 27, 2025

摘要事件:顺丰控股、圆通速递、韵达股份、申通快递发布2025年9月经营数据件量情况:9月快递业务量增速12.7%,顺丰业务量增速31.81%1)上游驱动及行业方面:9月快递行业业务量同比增长12.7%。1-9月累计实物商品网购零售额9.15万亿元,同比增长6.5%,增速高出社零总额同比增速约2.0个百分点;累计网购渗透率约25.0%,同比-0.7pct;累计单包裹货值约63.1元,同比-13.9%...

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