Xin Hua Wang·2025-08-12 05:49Core Viewpoint - Despite ongoing price wars leading to a decline in service prices, major express delivery companies in China have maintained steady growth in revenue and net profit in the first half of the year, indicating overall market expansion [1][5]. Revenue Performance - In June, three companies reported year-on-year revenue growth: SF Express achieved 16.704 billion yuan, up 3.59%; Shentong Express reported 3.36 billion yuan, up 12.67%; and YTO Express reached 4.246 billion yuan, up 3.39% [2]. - Yunda Express lagged behind with a revenue of 3.665 billion yuan, down 11.47%, and a business volume of 1.581 billion parcels, down 2.04% [2]. - SF Express expects a net profit of 4.02 billion to 4.22 billion yuan for the first half of 2023, a year-on-year increase of 60%-68% [2]. Business Volume Trends - In June, SF Express experienced a slight decline in business volume, handling 1.017 billion parcels, down 0.29%; Shentong Express saw a significant increase of 28.26% to 1.523 billion parcels; YTO Express grew by 14.03% to 1.792 billion parcels [2]. - Yunda Express's business volume decreased, but it anticipates a net profit growth of 37.31%-75.12% for the first half of the year [2]. Single Ticket Revenue - SF Express reversed its declining trend with a single ticket revenue of 16.42 yuan, up 3.86%; however, Shentong, YTO, and Yunda reported declines in single ticket revenue [3]. - Shentong's single ticket revenue fell to 2.21 yuan, down 11.95%; YTO's to 2.37 yuan, down 9.33%; and Yunda's to 2.32 yuan, down 9.73% [3]. Industry Outlook - The overall performance of the express delivery sector shows signs of stabilization and recovery, with most companies adapting to market demand and improving operational efficiency [5]. - The second half of the year is expected to see continued growth in the express delivery industry, driven by economic recovery and e-commerce market expansion [6].