Investment Rating - The report maintains a positive outlook on the shipping industry, recommending companies such as China Merchants Energy and COSCO Shipping Energy [3]. Core Insights - The report highlights a significant increase in charter rates for VLCCs, which rose by 4.62% to $62,250 per day, and Cape rates increased by 5.37% to $26,475 per day, indicating a strong correlation between commodity prices and shipping rates [3]. - New ship prices are rising alongside second-hand ship prices, with the new ship composite index increasing by 0.07 to 184.76 points, suggesting a favorable market for shipbuilders [3]. - The report emphasizes the resilience of the shipping market, particularly in oil and bulk shipping, with expectations of continued demand driven by geopolitical factors and commodity price fluctuations [3]. Summary by Sections Shipping Market Performance - The shipping index increased by 1.76%, outperforming the CSI 300 index by 2.38 percentage points [4]. - The coastal dry bulk freight index in China rose by 0.84%, while the Shanghai export container freight index fell by 7.39% [4]. Oil Shipping - VLCC rates are currently around $100,000 per day, with a recent decline of 11% in average rates to $105,090 per day, indicating potential volatility in the market [3]. - The report notes that while VLCC rates may adjust, smaller oil tanker rates remain supported due to high demand [3]. Dry Bulk Shipping - The report indicates a rebound in dry bulk rates, particularly driven by increased grain exports from South America, with the BDI index recording a 12.4% increase [3]. - Capesize rates increased by 16.1%, reflecting strong demand in the Pacific market [3]. Container Shipping - The report observes a seasonal decline in container shipping rates as the peak season ends, with the SCFI index dropping by 7.4% [3]. - The resumption of services in the Red Sea has been noted, but the market remains cautious due to geopolitical uncertainties [3]. Air Transportation - The report highlights a significant supply constraint in aircraft manufacturing, with an aging fleet and increasing passenger demand expected to enhance airline profitability [3]. - Airlines are recommended for investment due to their strong demand elasticity and potential for significant earnings growth [3]. Logistics and Express Delivery - The report anticipates a concentration of market share and profits among leading express delivery companies, with a focus on ZTO Express and YTO Express [3]. - The logistics sector shows resilience, with steady growth in freight volumes reported [3].

1月22日，DeepWay深向与申通快递在上海举行车辆交付仪式，100台深向星辰新能源重卡顺利交付申通快递。此举标志着在快递干线 运输场景中，双方合作已正式迈入规模化运营新里程。 DeepWay深向售后服务中心负责人吴凌 随后，DeepWay深向售后服务中心负责人吴凌也表示，"申通快递是DeepWay深向重要的战略伙伴，从首批车辆的运营，到如今第二 批大规模交付，每一次携手都基于真实的运营成效。我们期待继续与申通并肩，共同打造更绿色、更高效、更智慧的干线运输体系，为 行业可持续发展贡献力量。" 2025年初，申通快递已率先在行业内引入36台深向星辰智能新能源重卡，投入到江浙沪区域23条核心运输线路中。历经长时间、高强 度的实际运营考验，这批车辆在稳定性与能耗控制等方面表现卓越。基于首批车辆的可靠运行数据和出色TCO表现，申通快递再次选择 与DeepWay深向携手，进一步扩大合作规模。 作为快递行业头部企业，申通快递敢为人先，在干线运输中率先规模化引入电动重卡，具有显著的行业示范意义。这不仅验证了电动重 卡在快递快运场景中的商业可行性，也推动全行业从"观望"走向"规模化复制"。 申通快递车辆研究专家王章涛 "智 ...

中证报中证网讯(记者罗京)2026年年货节消费热潮来临，快递行业迎来新一轮业务量峰值。近日，记者 从申通快递（002468）获悉，公司发布年货节保障方案，围绕强化网络运营、升级客服支持、优化产品 矩阵、落实一线关怀四大核心举措，通过数智化赋能与全链路协同，构建常态化、高质量的节日寄递保 障体系。 在网络运营层面，申通快递全国76个转运中心维持常态化运营状态。公司依托自研数智系统，对运力实 施实时监控，根据单量预测数据灵活调整分拣节奏，以此保障极端天气及业务高峰双重压力下，快递全 链路时效的稳定性。 针对多元化寄递需求，申通快递基于大数据预测为商家提供定制化保障方案，通过驻场服务、预留产能 等方式，助力商家应对订单高峰，保障大促期间物流履约评分稳定。与此同时，旗下丹鸟"半日达"服务 在年货节期间照常运行，并且在12个重点城市新增上线"闪购4小时达"服务，满足消费者对高时效商品 的配送需求。 客服与网点支撑体系也同步升级。申通快递采用"数智客服+人工专项"的服务策略，三大智能客服中心 实现对全量网点的24小时即时响应，确保客户咨询高效流转处理。在网点运营帮扶上，总部与省区建立 联动帮扶机制，提前派驻人员驻场维护设 ...

Core Insights - The core focus of the article is on Shentong Express's preparations for the upcoming "New Year Festival," emphasizing enhanced customer experience and operational efficiency through a comprehensive support plan [1][3]. Group 1: Operational Enhancements - Shentong Express has implemented a "New Year Festival" guarantee plan that includes four core initiatives: enhancing network operations, upgrading customer support, optimizing product offerings, and ensuring frontline care [1]. - During the festival, 76 national transfer centers will maintain regular operations, utilizing a self-developed intelligent system for real-time capacity monitoring and resource allocation [1]. - The company plans to adjust sorting rhythms flexibly based on volume forecasts to ensure stability in delivery times, even during extreme weather and peak business periods [1]. Group 2: Customized Solutions for Merchants - Shentong Express is providing customized support plans for merchants, including on-site services and reserved capacity, to help them manage order surges and maintain logistics performance ratings during promotional periods [3]. - The company's Daniao "same-day delivery" service will continue to operate, with a new "flash purchase 4-hour delivery" service launched in 12 key cities to meet consumer demand for timely deliveries [3]. Group 3: Customer Service and Support Mechanisms - The company employs a "technology-assisted + resource sinking" support mechanism to ensure stable customer service quality [5]. - Utilizing a "smart customer service + specialized human support" strategy, Shentong Express has established three intelligent customer service centers that provide 24-hour immediate response across all outlets [5]. - A "support mechanism" has been established between headquarters and provincial regions to assist in equipment maintenance, route planning, and capacity allocation, effectively reducing burdens and costs for local outlets [5].

Core Insights - The core focus of the article is on Shentong Express's preparations for the upcoming "New Year Festival," emphasizing customer experience and operational support through a comprehensive strategy [1] Group 1: Operational Strategy - Shentong Express has implemented a four-pronged approach to enhance customer experience and support network operations, which includes strengthening network operations, upgrading customer service, optimizing product offerings, and ensuring frontline care [1] - The company maintains normal operations at 76 national transfer centers, utilizing a self-developed intelligent system for real-time capacity monitoring and resource scheduling, ensuring stability in delivery times even during extreme weather and peak business periods [2] Group 2: Product Optimization - By leveraging big data predictions, Shentong Express offers customized support plans for merchants, including on-site services and reserved capacity, to help them manage order surges and maintain logistics performance during promotional periods [3] - The company's "Half-Day Delivery" service continues to operate, with a new "Flash Purchase 4-Hour Delivery" service launched in 12 key cities to meet consumer demand for high-efficiency deliveries [3] Group 3: System Upgrades - Shentong Express enhances customer service quality through a "technology-assisted + resource sinking" support mechanism, ensuring stable customer service [4] - The company has established a "support mechanism" between headquarters and provincial regions to assist in equipment maintenance, route planning, and capacity allocation, effectively reducing burdens and costs for local outlets [4] Group 4: Safety and Employee Support - Prior to the festival, Shentong Express completed a comprehensive risk assessment across the entire chain, implementing special governance, emergency drills, and training to ensure closed-loop management from transfer centers to outlets [5] - The company has set up special incentives to reward frontline employees, with a focus on optimizing costs and enhancing customer experience through intelligent network management [5]

"快递女王"被前夫告上了法庭。 1月21日晚间，申通快递（002468.SZ）发布一纸诉讼公告，公司于近日收到玉环市人民法院送达的《民 事起诉状》等有关诉讼材料，自然人奚春阳以股东资格确认纠纷为由对公司、公司实际控制人之一陈小 英提起民事诉讼。 根据公告，这是一起奚春阳与陈小英之间离婚财产分割涉及的股东资格确权纠纷。两人于2012年解除婚 姻关系。 原告奚春阳认为，目前登记在陈小英名下的申通快递股份40,568,472股（相对应注册资本金为4056.85万 元），系双方离婚时约定分割的特定夫妻共同财产并经重组上市而转化形成的财产之一。根据双方离婚 时对财产分割的约定，申通快递与陈小英均应就上述股份的50%归属予原告。 据公告披露，目前法院已立案受理，尚未开庭审理。"陈小英女士名下持有的公司股份是否发生权益变 动存在不确定性。"申通快递于公告称。 此次涉纠纷的股权数达到20,284,236股（相对应注册资本金为2028.4万元）。以申通快递1月22日收盘价 13.72元/股计算，该笔股权对应市值约2.78亿元。 而这一纸诉讼公告背后，是一段缠绕在中国民营快递发展史的复杂关系。 在行业内，快递女王"陈小英"的名字 ...

申通快递车辆研究专家王章涛在交付仪式上表示："智能化不只是科技标签，更是实实在在的生产力。"他介绍，申通智能车队规模已突破700台，在珠三 角、长三角、京津冀形成干线互联。未来公司将依托数智化进一步优化干线网络，提升运营效率，为客户提供更优质、更环保的服务。 DeepWay深向售后服务中心负责人吴凌表示："申通快递是DeepWay深向重要的战略伙伴。从首批车辆的运营到此次大规模交付，每一次合作都建立在真实 的运营成效基础上。我们期待继续携手，共同打造更绿色、高效、智慧的干线运输体系。" 针对快递行业"货轻、量大、成本敏感"的特点，DeepWay深向通过正向研发，推出行业首创的流线型低风阻车身设计，有效降低能耗、提升续航。其首创的 底盘一体化与换电设计，在提升货箱容积利用率方面表现突出，较传统油改电车型提升9.6%，显著提高单趟运输效率与经济性。 未来，在"双碳"目标与行业持续降本增效的双重驱动下，DeepWay深向将继续与申通快递深化合作，共同推动干线物流的绿色变革，助力中国快递物流行业 实现可持续发展。 经济观察网 1月22日，DeepWay深向与申通快递在上海举行车辆交付仪式，100台深向星辰智能新能源重 ...

Core Viewpoint - The article discusses the ongoing legal dispute between Chen Xiaoying, co-founder of Shentong Express, and her ex-husband Xi Chunyang over the division of shares valued at approximately 278 million yuan, highlighting the complexities of asset division post-divorce in the context of corporate governance and ownership [3][5][6]. Group 1: Legal Dispute - Chen Xiaoying is being sued by her ex-husband Xi Chunyang for the transfer of approximately 20.2842 million shares of Shentong Express, which represents 2.65% of the company, valued at around 278 million yuan [3][6]. - Xi Chunyang claims that these shares were part of the marital property agreed upon during their divorce and should be divided equally [3][5]. - Legal experts suggest that if Xi Chunyang can provide sufficient evidence supporting his claim, he may have a high chance of winning the case [5]. Group 2: Company Background - Shentong Express was co-founded by Chen Xiaoying and her first husband, Nie Tengfei, in 1993, and has since become a significant player in China's express delivery industry [9][10]. - Following Nie Tengfei's death in 1998, Chen Xiaoying continued to manage the company alongside her brother, Chen Dejun, who became the chairman [9][10]. - The company went public in 2015 through a reverse merger and has since engaged in strategic partnerships, including a significant investment from Alibaba in 2019 [22][23]. Group 3: Financial Performance - As of 2025, Shentong Express reported a revenue of 54.861 billion yuan, completing a business volume of 26.138 billion parcels, ranking it second to last among major private express companies [26]. - The company has seen fluctuations in its per parcel revenue, with a reported increase of 15.35% year-on-year, reaching 2.33 yuan per parcel [28]. - Shentong Express is currently seeking to raise up to 2 billion yuan through the issuance of medium-term notes to support its liquidity and operational needs [28].

长江商报消息 ●长江商报记者 沈右荣 离婚14年后，申通快递（002468.SZ）实控人陈小英卷入股权纠纷。 1月21日晚，申通快递公告，公司收到有关诉讼材料。奚春阳以股东身份资格确认纠纷为由对公司、公司实际控制 人之一陈小英提起民事诉讼。奚春阳请求法院确认登记在陈小英名下的申通快递股份一半归其所有。这部分股权 市值约2.8亿元。 这桩诉讼牵出25年前中国快递江湖"桐庐帮"往事。 根据公开信息，1993年，浙江桐庐人聂腾飞、陈小英创办申通快递。聂腾飞因车祸去世，申通快递当时高管纷纷 出走，创办了"三通一达"，从而形成了目前的"四通一达"快递格局。 以申通快递公告披露当日（2026年1月21日）的收盘价13.78元/股计算，上述股权纠纷对应市值约为2.8亿元。 申通快递称，诉讼事项是奚春阳与陈小英之间的离婚财产分割涉及的股东资格确权纠纷，对公司损益无直接影 响。 这是一桩历史纠纷。1993年，聂腾飞、陈小英创办申通快递的前身上海盛彤实业有限公司，奚春阳是聂腾飞的司 机。在快递业初期之时，司机的重要性不言而喻。 奚春阳曾是聂腾飞司机，后走上申通快递管理岗位，并于2012年与陈小英结婚，但在当年又离婚。 曾经的申通 ...

Group 1 - The article discusses the revival of Zotye Auto, which has initiated a large-scale recruitment drive for over 20 core technical positions related to the development of new energy vehicles [1][3] - The recruitment aims to prepare for the resumption of operations, with new projects planned for 2025 [3] - The average number of qualified applicants per position is reported to be 5 to 6, with about 20% of the positions already having potential candidates [1] Group 2 - Shentong Express is facing a lawsuit from its founder's ex-husband, who claims rights to approximately 40.57 million shares, valued at nearly 280 million yuan based on the current stock price [7][11] - The lawsuit is based on a divorce settlement agreement regarding the division of assets, which includes shares that were transformed during the company's restructuring [7][11] Group 3 - OpenAI has established a humanoid robot lab that has expanded over four times since its inception in February 2025, focusing on training robotic arms for household tasks [12] - Yushutech clarified that its actual shipment of humanoid robots for 2025 is expected to exceed 5,500 units, with over 6,500 units planned for production [12][15] Group 4 - Reports indicate that Alibaba's chip company, Tsinghua Unigroup, is planning for an independent IPO, although Alibaba has not confirmed this [16] - Nvidia has overtaken Apple to become TSMC's largest customer, accounting for approximately 13% of TSMC's total revenue [16] Group 5 - Tesla has laid off about 1,700 employees at its Berlin Gigafactory, reducing the workforce to approximately 10,703 [22] - Amazon is reportedly preparing for a second round of layoffs affecting over 10,000 employees as part of a larger plan to cut approximately 30,000 jobs [23]