Xin Hua Cai Jing·2025-09-11 23:12Core Insights - The express delivery sector in A-shares shows a mixed performance in revenue and net profit for the first half of 2025, with total revenue reaching 253.15 billion yuan, a year-on-year increase of 9.95%, while net profit slightly decreased by 0.03% to 8.60 billion yuan [1][2]. Revenue Performance - In H1 2025, SF Express led the revenue rankings with 146.86 billion yuan, followed by YTO Express with 35.88 billion yuan and Shentong Express with 25.03 billion yuan [5][6]. - Shentong Express exhibited the fastest revenue growth at 16.02% year-on-year, while Debon Express and YTO Express grew by 11.43% and 10.19%, respectively [5][12]. Net Profit Analysis - SF Express and YTO Express achieved net profits of 5.74 billion yuan and 1.83 billion yuan, respectively, while the other three companies reported net profits below 600 million yuan, with Debon Express experiencing a significant decline of 84.34% [8][9]. - SF Express and Shentong Express saw net profit increases of 19.37% and 3.73%, while YTO Express, Yunda Express, and Debon Express reported declines [8][9]. Market Trends - The express delivery industry is experiencing a "volume increase, price decrease" trend, with total express business volume reaching 95.64 billion pieces, a 19.3% increase year-on-year, but the average price per piece dropped by 8% to 7.5 yuan [9][12]. - In H1 2025, YTO Express led in business volume with 14.86 billion pieces, followed by Yunda Express and Shentong Express with 12.73 billion and 12.35 billion pieces, respectively [9][11]. Single Ticket Revenue - The single ticket revenue for major companies has shown a downward trend, with SF Express reporting a decline of 12.43% to 13.67 yuan in June compared to January, and YTO Express declining by 10.64% to 2.10 yuan [9][13].