Group 1 - The core viewpoint indicates that the express delivery industry in China is experiencing significant growth, with a total volume of 16.4 billion parcels in July 2025, representing a year-on-year increase of 15.1% [1] - For the first seven months of 2025, the total parcel volume reached 1,120.5 billion, showing an 18.7% year-on-year growth, surpassing the postal administration's forecast of over 8% for the entire year [1] - The growth is driven by trends towards smaller packages, e-commerce promotions, and convenient return policies [1] Group 2 - In the e-commerce express delivery sector, major players such as YTO Express, Yunda Express, and Shentong Express reported year-on-year growth rates of 20.8%, 7.6%, and 11.9% respectively in July 2025 [1] - For the first seven months of 2025, their respective growth rates were 21.6%, 15.1%, and 19.3% [1] - SF Express led the industry with a 33.7% year-on-year growth in July 2025, and a 26.9% growth for the first seven months, attributed to its operational strategies and incentives [1] Group 3 - The average revenue per parcel in the industry was reported at 7.36 yuan in July 2025, reflecting a year-on-year decline of 5.33% and a month-on-month decline of 1.76% [2] - The decline in revenue per parcel is influenced by the trend towards smaller packages and ongoing price wars, although there are indications of potential recovery in August due to reduced competition [2] - The report suggests that the performance of franchise express companies may improve in the context of reduced competition [2] Group 4 - The express delivery sector includes several Hong Kong-listed companies such as ZTO Express, SF Holding, SF Express City, JD Logistics, and YTO International Express [3]
港股概念追踪 快递行业在反内卷背景下 业绩有望修复（附概念股）
Jin Rong Jie·2025-08-26 01:51