CK ASSET(HK:01113) Zhong Guo Xin Wen Wang·2025-10-23 17:59Core Insights - The Chinese postal industry has seen a significant increase in delivery volume, with a total of 1,582.6 billion items delivered in the first nine months of the year, representing a year-on-year growth of 15% [1] - The express delivery sector specifically has shown robust growth, with a total of 1,450.8 billion items delivered, marking a year-on-year increase of 17.2% [1] Delivery Volume - In September alone, the postal industry completed a delivery volume of 183.4 billion items, which is an 11.2% increase compared to the same month last year [1] - The express delivery volume for September reached 168.8 billion items, reflecting a year-on-year growth of 12.7% [1] Revenue Performance - The total revenue for the postal industry in the first nine months amounted to 13,136.3 billion yuan, showing a year-on-year increase of 7.7% [1] - The express delivery sector generated a revenue of 10,857.4 billion yuan, which is an 8.9% increase compared to the previous year [1] Segment Analysis - In terms of delivery volume, same-city express deliveries totaled 118.7 billion items, growing by 4.3% year-on-year [1] - Intercity express deliveries reached 1,301.7 billion items, with a significant year-on-year increase of 18.6% [1] - International and Hong Kong/Macau/Taiwan express deliveries amounted to 30.4 billion items, reflecting a year-on-year growth of 13.7% [1] Decline in Other Services - The volume of postal letters decreased to 49 million items, a decline of 33.0% year-on-year [1] - Package deliveries totaled 21.08 million items, showing a slight decrease of 0.6% [1] - Newspaper deliveries fell to 12.21 billion copies, down 3.5% year-on-year, while magazine deliveries decreased to 450 million copies, a decline of 6.2% [1]