Ge Long Hui A P P·2025-11-12 08:04Core Viewpoint - Yunda Holdings reported a net profit attributable to shareholders of 730 million yuan for the first three quarters of 2025, a year-on-year decrease of 48.15%, indicating a phase of financial pressure [1] Industry Summary - The implementation of "anti-involution" policies is expected to promote rational pricing in the industry, coupled with demand catalyzed by the consumption peak season, which may lead to an increase in the average price per delivery [1] - Short-term growth in business volume is anticipated due to the consumption peak season, while long-term growth is supported by steady domestic economic growth and the expansion of consumption scenarios [1] - The accelerated construction of rural express delivery networks is expected to release demand for express services from both urban and rural areas, providing incremental space for the express delivery industry [1] Company Summary - The company is expected to enhance operational efficiency, alleviating cost pressures, as it continues to advance its "1+N+AI" multi-layered technology strategy, which empowers profitability and strengthens its competitive position in the industry [1] - Due to the pressure on delivery prices this year, the company has adjusted its previous profit forecasts but maintains an optimistic outlook for future operations under the "anti-involution" context, sustaining an "overweight" rating for the company [1]