Core Insights - In November, the postal industry completed a delivery volume of 19.49 billion items, representing a year-on-year growth of 3.8%. The express delivery sector accounted for 18.06 billion items, with a growth of 5.0% [1] - The postal industry's revenue (excluding direct operating income from postal savings banks) reached 162.68 billion yuan in November, showing a decline of 2.0%. Express delivery revenue was 137.65 billion yuan, down 3.7% [1] - From January to November, the cumulative delivery volume of the postal industry reached 196.75 billion items, up 12.9%, while express delivery volume was 180.74 billion items, increasing by 14.9% [1] - The cumulative revenue for the postal industry from January to November was 1,632.73 billion yuan, reflecting a growth of 6.7%. Express delivery revenue for the same period was 1,355.06 billion yuan, up 7.1% [1] Delivery Volume Breakdown - For the period from January to November, the delivery volumes for same-city, intercity, and international/Hong Kong-Macau-Taiwan express services accounted for 8.0%, 89.9%, and 2.1% of total express delivery volume, respectively. The share of same-city delivery decreased by 1.0 percentage points, while intercity delivery increased by 1.1 percentage points [2] - The revenue share of express delivery in the eastern, central, and western regions was 73.7%, 15.7%, and 10.6%, respectively. The volume shares were 70.7%, 19.8%, and 9.5%. Compared to the previous year, the eastern region's revenue share decreased by 1.2 percentage points, while the central and western regions saw increases of 0.8 and 0.4 percentage points, respectively [2] Market Concentration - The concentration index CR8 for express and parcel service brands was 86.9, a slight decrease of 0.1 from the previous month [3]