投资要点：一、行业动态跟踪快递物流：1）“通达系”各公司发布25Q3 业绩，单票利润环比改善，部分体现反内卷涨价影响，关注四季度弹性有望充分释放。2025Q3 圆通/申通/韵达营收182.7/135.5/126.6亿元， 同比+8.73%/+13.62%/+3.29% ， 归母净利润10.5/3.0/2.0 亿元， 同比+10.97%/+40.32%/-45.21%。从经营数据来看，2025Q3 ...
Source Link投资要点：一、行业动态跟踪快递物流：1）“通达系”各公司发布25Q3 业绩，单票利润环比改善，部分体现反内卷涨价影响，关注四季度弹性有望充分释放。2025Q3 圆通/申通/韵达营收182.7/135.5/126.6亿元， 同比+8.73%/+13.62%/+3.29% ， 归母净利润10.5/3.0/2.0 亿元， 同比+10.97%/+40.32%/-45.21%。从经营数据来看，2025Q3 ...
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