根据富临运业公司公众号 8 月 22 日报道《跨越山河，共赴未来！富临运业与 丰翼科技达成合作》介绍：富临运业与丰翼科技签署合作协议，双方将围绕低 空经济领域展开深度合作，共同推动低空物流新业态的发展与创新。根据协 议，双方充分发挥各自在无人机技术、物流运营、场站基础设施、交通网络等 方面优势，抢抓低空经济发展机遇，共探低空物流的新模式、新场景，共建低 空物流运营服务体系、管理平台以及基础设施网络。未来，双方将深化合作， 积极参与四川省“干-支-末”多级联运的低空物流网络建设，通过打造高效、 智能、绿色的低空物流体系，为区域低空经济高质量发展注入动能，为低空经 济创新生态的形成与发展贡献力量。

月度行情表现：2025 年 8 月红利资产表现相对落后，跑输沪深 300 指数与交 运指数。1）行业涨跌幅：2025 年 8 月 1 日至 8 月 22 日期间，高速公路、铁 路运输、港口累计涨跌幅+0.91%、-0.80%、+2.96%，8 月红利资产（公铁港） 表现相对落后，均跑输沪深 300 指数与交运指数。2）港股红利资产表现：8 月 1 日至 8 月 22 日期间，港股主要红利资产个股均累计上涨，除深圳高速公路 股份外，均跑赢 A 股，但从涨跌幅看，与 A 股相比整体分化不大。较 A 股涨 幅前三：江苏宁沪高速（跑赢 A 股 3.68pct）>四川成渝高速公路（跑赢 A 股 3.50pct）>安徽皖通高速（跑赢 A 股 3.22pct）。年初至今，港股主要红利资产 个股全部跑赢 A 股，较 A 股涨幅前三：四川成渝高速公路（+48.03%）>中远 海运港口（+27.35%）>安徽皖通高速（+21.05%）。3）利率环境：仍处于低位。 2025 年 8 月，国债收益率有所回升，历史来看处于低位，截至 2025/08/22，10 年中债国债到期收益率为 1.77%，较 2025/07/31 的 1.70%上涨 7bp，30 年中债 国债到期收益率 2.08%。4）行业成交额：8 月港口日均成交额增长明显。2025 年 8 月 1 日至 8 月 22 日，高速公路日均成交额 17.98 亿元，同比上升 10.7%， 铁路日均成交额 17.84 亿元，同比上升 17.9%，港口日均成交额 21.95 亿元， 同比上升 98.7%。5）行业估值：相较银行、煤炭、电力设备、公用事业，从 PE 历史分位数看，铁路为主要红利资产细分行业中最高，港口为最低；PB 历 史分位数，高速公路为主要红利资产细分行业中最高，铁路运输为最低；从行 业整体股息率看，高速公路为 3.58%，铁路运输、港口均在 2%-3%区间内，煤 炭和银行领先。6）资本运作：厦门港务拟购集装箱码头股权，交易价格为 61.78 亿；四川成渝、皖通高速所在联合体中标项目。

A shipping container is a standardized metal box used for transporting goods by sea, land, or air. Typically made of steel, it is designed to withstand rough handling, stacking, and transportation. These containers come in various sizes, commonly 20 feet to 40 feet in length. They have a secure door and can be easily loaded onto trucks, trains, or ships

Rigid plastics are a grade of highly toughened plastics that are used for a variety of applications such as packaging of bulk and unit materials. They are non-corrosive, lightweight, and easily moldable, which makes them a perfect choice for packaging.

Road transportation is the movement of goods and people from one place to another via roadways. Road transportation fuel is used to power internal combustion engines of vehicles such as cars, light motor vehicles, and heavy vehicles, including trucks and buses.

Road transport logistics refers to the planning, execution, and management of freight and passenger transportation via road networks. It plays a crucial role in supply chain operations, ensuring the efficient movement of goods between manufacturers, warehouses, retailers, and consumers. This sector includes various services such as freight forwarding, fleet management, last-mile delivery, and cross-border transportation. Furthermore, key components of road transport logistics include vehicle routing, load optimization, real-time tracking, and regulatory compliance. The industry is evolving with advancements in digital logistics solutions, automation, and the integration of sustainable transport options such as electric and hydrogen-powered vehicles.

Road logistics refers to the planning, execution, and control of the procurement, movement, and stationing of materials, personnel, and other resources.

机器人解决方案带来供应链效率提升，物料搬运有望迎来智能化重塑仓储自动化不仅是物料存储和搬运的自动化，更是企业打通生产、仓储与配送各环节的信息与物料流通瓶颈，推动全流程高度协同与无人化发展。数字化不仅让企业对自身供应链更有把握，也更加了解客户需求，更有针对性的为客户提供适配的产品和服务。据中国仓储协会数据，企业平均每年在仓储环节的投入占总运营成本的 18-25%，因此机器人解决方案在下游客户追求企业效率提升和降本下有望持续提升渗透率。但同时由于仓储覆盖的行业和环节众多，因此智能仓储解决方案的参与者较多，我们重点看好研发+制造+渠道能力三者协同发展的企业发展机遇。

RTP products are tertiary packaging products that can be used multiple times for transporting goods between any two stages in a supply chain. RTP products include stack nest containers, pallets, reusable plastic crates, drums, intermediate bulk containers, and pails. The different circulation methods used for the usage and return process include closed-loop system, open-loop system, and pooling system.

The market by value in this report is deffned as the revenues that enterprises gain from goods and/or services sold within the speciffed market and geography. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.