Zheng Quan Shi Bao Wang·2025-11-19 00:56Core Viewpoint - The postal industry in China has shown significant growth in delivery volume, with a focus on high-quality development driven by policies against excessive competition and advancements in automation technology [1] Industry Summary - The total delivery volume in the postal industry reached 177.25 billion pieces from January to October this year, marking a year-on-year increase of 14.0% [1] - The express delivery volume accounted for 162.68 billion pieces, reflecting a year-on-year growth of 16.1% [1] - The "anti-involution" policy is expected to enhance industry profitability, while the integration of unmanned technology is likely to accelerate transformation within the sector [1] Company Summary - Companies like JD, Cainiao, and SF are actively investing in unmanned vehicle technology, supported by policy initiatives, technological advancements, and capital investment [1] - The rise of new business models, such as lower-tier e-commerce, is becoming a major driving force for the express delivery industry, with a notable trend towards lighter and smaller packages [1] - The "anti-involution" policy is yielding positive results, with various regions implementing price floors and penalty mechanisms to curb disordered low-price competition, leading to an optimized industry landscape [1]