A method for processing a packet on an SR network is provided, including: receiving a packet, where a packet header of the packet includes a destination address field, a first pointer, a second pointer, and a list used to process the packet, the list includes a plurality of sequentially arranged identifiers, and a value of the first pointer and a value of the second pointer jointly indicate a location of a first identifier in the plurality of identifiers in the list; determining the first identifier based on the value of the first pointer and the value of the second pointer; and copying the first identifier to the destination address field. In this method, a CL pointer is set in the packet header to jointly form a two-dimensional pointer with an SL pointer, to indicate a location of a C-SID in a SID list.