2024年9月中国快递物流行业经济运行情况月度报告

Investment Rating - The report does not explicitly provide an investment rating for the express logistics industry Core Insights - In September, the postal industry's delivery volume reached 16.5 billion pieces, marking a year-on-year growth of 16.6%. The express delivery volume specifically accounted for 14.97 billion pieces, with a year-on-year increase of 18.7% [1] - The postal industry's revenue for September totaled 142.84 billion yuan, reflecting a year-on-year growth of 9.5%. The express delivery revenue was 118.79 billion yuan, which is a year-on-year increase of 10.3% [1] - The logistics industry prosperity index for September stands at 52.4%, indicating a recovery of 0.9 percentage points from the previous month. The new order index remains in expansion at 52.3% [4][5] - The warehousing index for September is reported at 49.8%, showing a slight decline of 0.4 percentage points from the previous month, with various sub-indices indicating mixed trends [6] - The express delivery business volume for the first nine months of 2024 shows that intercity deliveries account for 88.6% of the total volume, while same-city deliveries make up 9.2% [9][10] - The eastern region dominates the express delivery market, accounting for 72.6% of the total business volume and 74.7% of the revenue [10] Summary by Sections Express Delivery Volume and Revenue - In September, the express delivery volume reached 14.97 billion pieces, with a year-on-year growth of 18.7%. The revenue for the same month was 118.79 billion yuan, reflecting a 10.3% increase year-on-year [7][8] Logistics Industry Prosperity Index - The logistics industry prosperity index for September is 52.4%, indicating a positive trend. The new order index is at 52.3%, suggesting ongoing expansion in business activities [4][5] Warehousing Index - The warehousing index for September is 49.8%, with various sub-indices showing both increases and decreases in different areas of warehousing operations [6] Express Delivery Structure - For the first nine months of 2024, the structure of express delivery business volume shows that intercity deliveries dominate at 88.6%, while same-city and international deliveries account for 9.2% and 2.2%, respectively [9][10] Regional Distribution - The eastern region's express delivery business volume accounts for 72.6%, with corresponding revenue at 74.7%, indicating a significant concentration of activity in this area [10] Top Cities by Express Delivery Volume - The report lists the top cities by express delivery volume, with Jinhua (Yiwu) leading at 12.39 billion pieces, followed by Guangzhou and Shenzhen [11][12][13] Top Cities by Express Delivery Revenue - The top cities by express delivery revenue are led by Shanghai at 172.5 billion yuan, followed by Guangzhou and Shenzhen [14][15][16]