news flash·2025-07-21 00:14Core Viewpoint - Huatai Securities emphasizes the potential recovery of express delivery companies due to policy catalysts, despite entering the e-commerce off-season in July [1] Group 1: Market Conditions - The express delivery sector is currently facing pressure on terminal prices, which have been consistently low since the beginning of the year [1] - Franchisees are experiencing significant financial strain, indicating a challenging environment for profitability [1] Group 2: Policy Impact - The State Post Bureau's call to "reduce internal competition" may lead to a bottoming out of terminal prices, providing relief to franchisees and companies [1] - There is an expectation that the profitability pressures on franchisees and companies will ease as a result of these policy changes [1]