Guo Ji Jin Rong Bao·2025-07-21 06:48Group 1: Company Performance - In June, SF Express reported a revenue of 19.962 billion yuan, a year-on-year increase of 14.24%, with a business volume of 1.460 billion parcels, up 31.77%, but a single ticket revenue of 13.67 yuan, down 13.32% [1] - YTO Express achieved a revenue of 5.527 billion yuan in June, a year-on-year increase of 11.35%, with a business volume of 2.627 billion parcels, up 19.34%, while single ticket revenue decreased by 6.69% to 2.10 yuan [1] - Shentong Express reported a revenue of 4.341 billion yuan in June, a year-on-year increase of 10.15%, with a business volume of 2.184 billion parcels, up 11.14%, and a single ticket revenue of 1.99 yuan, down 1.00% [1] - Yunda Express had a revenue of 4.149 billion yuan in June, a year-on-year increase of 2.77%, with a business volume of 2.173 billion parcels, up 7.41%, and a single ticket revenue of 1.91 yuan, down 4.50% [1] Group 2: Industry Trends - In the first half of the year, YTO Express led the sector with a revenue of 34.2 billion yuan and a business volume of 14.86 billion parcels, while Shentong and Yunda's revenue and business volume were closely matched, with Yunda at 24.904 billion yuan and 12.726 billion parcels, and Shentong at 24.868 billion yuan and 12.347 billion parcels [2] - The industry is currently experiencing intensified low-price competition due to severe homogenization, but the "anti-involution" policy is expected to improve the situation in the second half of the year, promoting a new balance among regulation, competition, profitability, and quality [2] - The National Postal Administration has emphasized the need for enhanced industry regulation and the establishment of market rules to combat "involution-style" competition, indicating a potential shift towards higher quality development in the express delivery sector [2]