Core Viewpoint - The report from CITIC Securities indicates that the recent "anti-involution" trend has led to significant changes in the stock prices of the express delivery sector, but a long-term perspective suggests that achieving a balance through "anti-involution" could enhance individual benefits without harming industry welfare [1] Industry Summary - The express delivery industry is currently experiencing a double-digit growth rate in volume, but the transition from an incremental to a stock market will intensify competition compared to the incremental market [1] - The industry structure requires more time for optimization and assessment, as the competitive intensity is expected to increase during this transition [1] - In the short term, the strengthening of domestic "anti-involution" policies is anticipated to provide a price floor for the entire industry, but achieving a balanced industry structure will take time [1]

Group 1 - The core viewpoint of YOUNG Finance emphasizes the importance of business ethics, advocating for Pareto optimal evolution and supporting market fairness and efficiency [2] - The organization promotes the power of third-party supervision and aims for sustainable prosperity without harming anyone, focusing on green initiatives, community involvement, and corporate governance [2] Group 2 - The job requirements include a bachelor's degree or higher, interest in enterprises and listed companies, and a strong professional spirit [3] - The main responsibilities involve conducting research, interviews, and report writing related to enterprises and listed companies [3] - The job location is in Xizhimen, Beijing, with benefits including five social insurances and one housing fund, and salary is negotiable [3]

Group 1 - The core viewpoint of YOUNG Finance emphasizes the importance of business ethics, advocating for Pareto optimal evolution and supporting market fairness and efficiency [2] - The organization promotes the power of third-party supervision and aims for sustainable prosperity without harming anyone [2] - YOUNG Finance focuses on green initiatives, community engagement, and corporate governance, endorsing inclusive and sustainable development concepts [2] Group 2 - The job requirements include a bachelor's degree or higher, interest in enterprises and listed companies, and strong professional spirit [3] - The main responsibilities involve conducting research, interviews, and report writing related to enterprises and listed companies [3] - The job location is in Xizhimen, Beijing, with benefits including five social insurances and one housing fund, and salary is negotiable [3]

Group 1 - The core viewpoint of YOUNG Finance emphasizes the importance of business ethics, advocating for Pareto optimal evolution, market fairness, and efficiency [2] - The organization supports the power of third-party supervision to achieve win-win scenarios and sustainable prosperity without harming anyone [2] - YOUNG Finance focuses on green initiatives, community engagement, and corporate governance, promoting inclusivity and sustainable development concepts [2] Group 2 - The job requirements for the finance editor position include a bachelor's degree or higher, interest in enterprises and listed companies, and strong professional spirit [3] - The main responsibilities involve conducting research, interviews, and report writing related to enterprises and listed companies [3] - The job location is in Xizhimen, Beijing, with benefits including social insurance and housing fund, and salary is negotiable [3]

Group 1 - The core viewpoint of YOUNG Finance emphasizes the importance of business ethics, advocating for Pareto optimal evolution and supporting market fairness and efficiency [2] - The organization promotes the power of third-party supervision and aims for sustainable prosperity without harming anyone, focusing on green initiatives, community involvement, and corporate governance [2] - YOUNG Finance encourages inclusive and sustainable development principles in the business world [2] Group 2 - The job requirements for the finance editor position include a bachelor's degree or higher, interest in enterprises and listed companies, and a strong professional spirit [3] - The main responsibilities involve researching, interviewing, and writing reports on enterprises and listed companies [3] - The job location is in Xizhimen, Beijing, with benefits including five social insurances and one housing fund, and salary is negotiable [3]

Group 1 - The core viewpoint of YOUNG Finance emphasizes the importance of business ethics, advocating for Pareto optimal evolution and supporting market fairness and efficiency [2] - The organization promotes the power of third-party supervision and aims for sustainable prosperity without harming anyone [2] - YOUNG Finance focuses on green initiatives, community engagement, and corporate governance, endorsing inclusive and sustainable development concepts [2] Group 2 - The job requirements include a bachelor's degree or higher, interest in enterprises and listed companies, and a strong professional spirit [3] - The main responsibilities involve conducting research, interviews, and report writing related to enterprises and listed companies [3] - The job location is in Xizhimen, Beijing, with benefits including five social insurances and one housing fund, and salary is negotiable [3]

Group 1 - The core viewpoint of YOUNG Finance emphasizes the importance of business ethics, advocating for Pareto optimal evolution and supporting market fairness and efficiency [2] - The organization promotes the power of third-party supervision and aims for sustainable prosperity without harming anyone, focusing on green initiatives, community involvement, and corporate governance [2] Group 2 - The job requirements for the finance editor position include a bachelor's degree or higher, interest in enterprises and listed companies, and a strong professional spirit [3] - The main responsibilities involve conducting research, interviews, and report writing related to enterprises and listed companies [3] - The job location is in Xizhimen, Beijing, with benefits including five social insurances and one housing fund, and salary is negotiable [3]

Group 1 - The core viewpoint of YOUNG Finance is to focus on business ethics, advocating for Pareto optimal evolution and supporting market fairness and efficiency [2] - The organization emphasizes the importance of third-party supervision to achieve sustainable prosperity without harming anyone [2] - YOUNG Finance is committed to green initiatives, community engagement, and corporate governance, promoting inclusivity and sustainable development principles [2] Group 2 - The job requirements include a bachelor's degree or higher, interest in enterprises and listed companies, and a strong professional spirit [3] - The main responsibilities involve researching, interviewing, and writing reports on enterprises and listed companies [3] - The job location is in Xizhimen, Beijing, with benefits including social insurance and housing fund, and salary is negotiable [3]

Group 1 - The core viewpoint of YOUNG Finance is to focus on business ethics, advocating for Pareto optimal evolution and supporting market fairness and efficiency [2] - The organization emphasizes the importance of third-party supervision to achieve sustainable prosperity without harming anyone [2] - YOUNG Finance is committed to green initiatives, community engagement, and corporate governance, promoting inclusive and sustainable development concepts [2] Group 2 - The job requirements include a bachelor's degree or higher, interest in enterprises and listed companies, and a strong professional spirit [3] - The main responsibilities involve researching, interviewing, and writing reports on enterprises and listed companies [3] - The job location is in Xizhimen, Beijing, with benefits including five social insurances and one housing fund, and salary is negotiable [3]

Group 1 - The core viewpoint of YOUNG Finance emphasizes the importance of business ethics, advocating for Pareto optimal evolution and supporting market fairness and efficiency [2] - The organization promotes the power of third-party supervision to achieve sustainable prosperity without harming anyone, focusing on green initiatives, community involvement, and corporate governance [2] Group 2 - The job requirements for the finance editor position include a bachelor's degree or higher, interest in enterprises and listed companies, and a strong professional spirit [3] - The main responsibilities involve conducting research, interviews, and report writing related to enterprises and listed companies [3] - The job location is in Xizhimen, Beijing, with benefits including five social insurances and one housing fund, and salary is negotiable [3]