Core Insights - The postal and express delivery industry in China has shown significant growth in both business volume and revenue in the first eight months of the year, with express delivery volume reaching 1,282 million pieces, a year-on-year increase of 17.8% [1] - The industry is increasingly contributing to balanced regional development, with improvements in logistics infrastructure and service capabilities in western regions [3][4] - The focus is shifting towards sustainable development and value-based competition in the express delivery sector, moving away from price wars [6] Industry Performance - The total business volume of the postal industry reached 1,399.2 million pieces, a 15.5% increase year-on-year, while total revenue was 11,610.6 billion yuan, up 7.8% [1] - Express delivery revenue amounted to 9,583.7 billion yuan, reflecting a 9.2% increase compared to the previous year [1] Regional Development - The express delivery business volume distribution is 71.4% in the eastern region, 19.4% in the central region, and 9.2% in the western region, with the western region's share increasing by 0.5 percentage points year-on-year [3] - Initiatives to improve logistics services in remote areas have led to significant enhancements in service networks and capabilities [3] Service Quality and Innovation - The express delivery service quality index reached 605.1 in August, with public satisfaction expected to be 84.8 points, indicating improvements in service quality [4] - Major express companies are investing in advanced logistics technologies, including cold chain solutions and automated sorting systems, to enhance delivery efficiency [5] Sustainable Development - The industry is expected to maintain steady growth, with daily business volume projected to exceed 500 million pieces [6] - The shift towards value-based competition is emphasized, with a focus on service quality and customer satisfaction rather than price competition [6]