智通财经网·2025-11-07 07:21Core Insights - The express delivery industry in China experienced a significant growth in business volume, with a year-on-year increase of 12.7% in September 2025, reaching a total of 168.8 billion packages delivered [1] - The average revenue per package showed a narrowing decline, with a reported income of 7.55 yuan per package, reflecting a year-on-year decrease of 4.9% [1] - The overall express delivery revenue reached 127.37 billion yuan, marking a year-on-year growth of 7.2% [1] Express Delivery Industry Data - The express delivery business volume maintained a rapid growth rate, with September 2025 seeing a total of 168.8 billion packages delivered, a 12.7% increase year-on-year, which is an improvement of 0.5 percentage points from the previous month [1] - The single package price decline has slowed, with the average revenue per package at 7.55 yuan, down 4.9% year-on-year, but the decline is less severe than the previous month by 2.3 percentage points, and it increased by 2.4% month-on-month [1] - The total express delivery revenue for September 2025 was 127.37 billion yuan, with a year-on-year growth of 7.2%, an increase of 3 percentage points compared to the previous month [1] Consumer Data - From January to September 2025, the total retail sales of consumer goods reached 36.59 trillion yuan, growing by 4.5% year-on-year, with September alone contributing 4.2 trillion yuan, a 3% increase [2] - The online retail sales of physical goods for the same period totaled 9.15 trillion yuan, reflecting a year-on-year growth of 6.5%, with September's online sales at 1.06 trillion yuan, up 7.3% [2] - The e-commerce penetration rate reached 25.0% for the first nine months, an increase of 0.48 percentage points year-on-year, with September's rate at 25.2%, up 1 percentage point [2] Listed Express Delivery Companies Data - Business volume growth varied among major express delivery companies, with SF Express leading the industry with a year-on-year growth of 31.8%, delivering 15 billion packages in September 2025 [3] - The average revenue per package for major companies showed an upward trend, with YTO Express, Yunda, and Shentong reporting increases of 1.4%, 0.5%, and 5% respectively in September [3] - Revenue figures for September 2025 indicated that SF Express, YTO Express, Yunda, and Shentong achieved revenues of 20.9 billion, 5.8 billion, 4.3 billion, and 4.6 billion yuan respectively, with year-on-year growth rates of 14.2%, 14.9%, 4.1%, and 14.9% [3] Recommended Stocks - The recommended stocks in the express delivery sector include ZTO Express (02057), YTO Express (600233.SH), Shentong Express (002468.SZ), Yunda Holdings (002120.SZ), and SF Holdings (002352.SZ) [4]