Core Insights - The postal industry in China achieved a business revenue of 1.7 trillion yuan in 2024, marking a year-on-year growth of 10.7% [4][21] - Express delivery revenue reached 1.4 trillion yuan, with a year-on-year increase of 13.8%, accounting for 82.9% of the total industry revenue, up by 2.3 percentage points from the previous year [4][23] - The total volume of postal delivery services reached 193.68 billion items, reflecting a growth of 19.2%, with express delivery volume at 175.08 billion items, growing by 21.5% [5][21] Business Development - The express delivery business continues to dominate the postal industry, with a significant increase in both revenue and volume [4][23] - The growth rates for same-city, intercity, and international express services were 14.6%, 22.1%, and 26.3% respectively, indicating a robust expansion across all segments [9][23] Regional Structure - In 2024, the revenue distribution for express delivery was 74.8% in the eastern region, 14.9% in the central region, and 10.3% in the western region, showing a slight decline in the eastern region's share [10][24] - The growth rates for express delivery revenue in the eastern, central, and western regions were 12.2%, 18.2%, and 19.5% respectively, with the western region showing the highest growth [10][24] Service Capacity and Level - The total number of operational outlets in the industry reached 501,000, an increase of 7.0% year-on-year, with a notable rise in rural service stations [14][26] - The average annual per capita usage of express delivery services reached 124.3 items, an increase of 30.6 items per person compared to the previous year [17][27] Market Competition - The concentration index for express and parcel service brands (CR8) stood at 85.2, indicating a stable competitive landscape within the industry [6][25]