Hong Kong Stock Concept Tracking | In August, China's express delivery index increased by 12.6% year-on-year. Leading express delivery companies are seeking a balance between volume, quality, and profitability (with concept stocks attached)
In August, China's express delivery development index increased by 12.6% year-on-year, indicating a well-operating express delivery market with improved service quality. It is expected that the express delivery business volume will increase by 19% year-on-year, while business revenue will grow by 11%. The express delivery industry showed steady profitability in Q2, with the expectation of price increases being realized ahead of peak season. Future competition will focus on the ability to reduce costs throughout the entire chain and improve service quality. The medium to long-term demand in the express delivery industry is expected to maintain a moderate to high growth rate. Relevant companies include JD Logistics, ZTO Express, SF INTRA-CITY, etc
According to CCTV news, it was learned from the State Post Bureau today that in August, China's express delivery development index increased by 12.6% year-on-year, with the express delivery market operating well and service quality improving.
In August, driven by the "Qixi Festival" promotion, the market size grew slightly, with the highest daily business volume of the express delivery industry exceeding 460 million pieces.
In the latter part of the month, with the arrival of the back-to-school season, the demand for stationery purchases and luggage delivery increased, and the daily business volume grew to 480 million pieces.
It is expected that China's express delivery volume in August will increase by about 19% year-on-year, and business revenue will increase by about 11% year-on-year.
According to the Securities Times app, Founder Securities released a research report stating that volume-driven revenue maintains relatively high growth, and the Q2 express delivery industry's profitability is steadily releasing.
Looking ahead to the second half of the year, seasonal price competition may have reached its peak, and the expectation of uniform price increases in the peak season has been realized in advance. The future competition and structural changes in the express delivery industry will be a "marathon" process of competing in the entire chain to reduce costs and improve service quality.
In the medium to long term, on the demand side, driven by consumption downgrading, emerging e-commerce, and return goods, the volume is expected to maintain a medium to high growth rate; on the supply side, the current industry competition pattern of "one super and many strong" with different capacity cycles among various companies, leading companies seek a balance between volume, quality, and profit.
In the short to medium term, the express delivery industry may find it difficult to achieve a thorough clearance of ideal expectations quickly, and is expected to present a stage-wise, locally controllable mild price competition.
Express logistics related companies:
JD Logistics (02618), Sinotrans (00598), ZTO Express-W (02057), ANE Logistics (09956), JiaHong Logistics (02130), SF INTRA-CITY (09699), YTO Express International (06123), JITU Express (01519), etc
