国泰海通：建议重视电商快递业绩确定性改善机遇

Core Viewpoint - The report from Guotai Junan indicates that the "anti-involution" trend in the express delivery industry has spread nationwide, significantly increasing the per-package revenue for companies, which is expected to improve the profitability of e-commerce express delivery firms in the second half of this year and into next year. The elasticity of profitability depends on the sustainability of price increases [1] Group 1 - The "anti-involution" trend in the express delivery sector has become widespread across the country [1] - There is a noticeable increase in companies' per-package revenue due to this trend [1] - The profitability of e-commerce express delivery companies is expected to recover in the latter half of this year and next year [1] Group 2 - The improvement in profitability is contingent upon the continued ability to raise prices [1] - There is a recommendation to pay attention to the opportunities for performance improvement in the e-commerce express delivery sector [1]