Zheng Quan Shi Bao Wang·2025-08-19 14:17Core Viewpoint - The express delivery industry in China is experiencing revenue growth in July 2023, but the average revenue per package is declining, prompting regulatory actions to combat price wars and promote quality service [1][3][4]. Group 1: Company Performance - Shentong Express reported a revenue of 4.287 billion yuan in July, a year-on-year increase of 9.95%, with a total volume of 2.181 billion packages, up 11.92%, but the average revenue per package decreased by 1.50% to 1.97 yuan [1]. - YTO Express achieved a revenue of 5.371 billion yuan, a 12.08% increase year-on-year, with a volume of 2.583 billion packages, up 20.79%, while the average revenue per package fell by 7.20% to 2.08 yuan [1]. - Yunda Express reported a revenue of 4.120 billion yuan, a 3.75% increase year-on-year, with a volume of 2.162 billion packages, up 7.56%, and an average revenue per package decline of 3.54% to 1.91 yuan [1]. - SF Holding's logistics and supply chain business generated a total revenue of 24.847 billion yuan, a 9.95% increase, with logistics revenue of 18.657 billion yuan, up 14.97%, and a significant drop in average revenue per package by 14.02% to 13.55 yuan [1][2]. Group 2: Industry Trends and Regulatory Actions - The State Post Bureau reported that the postal industry revenue reached 144.98 billion yuan in July, a year-on-year increase of 8.6%, with express delivery revenue at 120.64 billion yuan, up 8.9% [2]. - Despite revenue growth, the average price per package has been declining, leading to regulatory measures to prevent "price wars" and ensure sustainable development in the industry [3][4]. - The State Post Bureau has implemented strict measures against "below-cost" pricing practices and encouraged express companies to raise prices to protect profits and focus on service quality and technological advancements [3][4]. - Various regions, including Beijing and Guangdong, have introduced policies to combat "involution" in the industry, promoting price increases and encouraging differentiation in service offerings [4][5].