Zheng Quan Shi Bao·2025-08-19 18:53Core Insights - In July, major A-share express delivery companies reported a general year-on-year increase in express business revenue, while the revenue per ticket continued to decline [1] 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 business volume of 2.181 billion tickets, up 11.92%, and a revenue per ticket of 1.97 yuan, down 1.50% [1] - YTO Express achieved a revenue of 5.371 billion yuan in July, a year-on-year increase of 12.08%, with a business volume of 2.583 billion tickets, up 20.79%, and a revenue per ticket of 2.08 yuan, down 7.20% [1] - Yunda Co., Ltd. reported a revenue of 4.120 billion yuan in July, a year-on-year increase of 3.75%, with a business volume of 2.162 billion tickets, up 7.56%, and a revenue per ticket of 1.91 yuan, down 3.54% [1] - SF Holding's total revenue from express logistics, supply chain, and international business was 24.847 billion yuan in July, a year-on-year increase of 9.95%, with express logistics revenue of 18.657 billion yuan, up 14.97%, and a business volume of 1.377 billion tickets, up 33.69%, with a revenue per ticket of 13.55 yuan, down 14.02% [1] Group 2: Industry Trends - 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 business revenue at 120.64 billion yuan, up 8.9% [2] - The postal industry has seen growth in revenue and volume from January to July, but the average ticket price has declined [2] - To prevent a "price war," the State Post Bureau has implemented measures to combat "below-cost" competition, prompting express companies to raise ticket prices and focus on technology development, service upgrades, process optimization, and brand building [2] - Various regions, including Beijing and Guangdong, have introduced "anti-involution" policies, with Guangdong raising the base price by 0.4 yuan per ticket, setting a minimum collection price of 1.4 yuan per ticket [3] - Shentong Express has committed to abandoning the "price for volume" model, focusing on quality upgrades and efficiency [3]