Core Insights - The postal industry in China reported a business revenue of 152.57 billion yuan in September 2023, marking a year-on-year growth of 6.8% [1] - The express delivery business revenue reached 127.37 billion yuan in September, with a year-on-year increase of 7.2% [1] - Cumulatively, from January to September 2023, the postal industry generated a total revenue of 1,313.63 billion yuan, reflecting a growth of 7.7% compared to the same period last year [1] Revenue and Volume Performance - In September, the total volume of postal delivery services reached 18.34 billion pieces, up 11.2% year-on-year, with express delivery volume at 16.88 billion pieces, increasing by 12.7% [1] - For the first nine months, the cumulative delivery volume was 158.26 billion pieces, a 15.0% increase, while express delivery volume totaled 145.08 billion pieces, growing by 17.2% [1] Segment Analysis - The express delivery business accounted for 83.5% of the total postal business revenue in the first nine months [1] - The volume of same-city express deliveries was 11.87 billion pieces, up 4.3%, while intercity express deliveries surged to 130.17 billion pieces, marking an 18.6% increase [1][2] - International and Hong Kong/Macau/Taiwan express deliveries reached 3.04 billion pieces, reflecting a year-on-year growth of 13.7% [1] Regional Performance - In terms of revenue distribution, the eastern region contributed 73.8%, the central region 15.6%, and the western region 10.6% of the total express delivery revenue [6] - The eastern region saw a slight decline in both revenue and volume share compared to the previous year, while the central and western regions experienced increases [6] Market Concentration - The concentration index (CR8) for express and parcel service brands stood at 86.9, remaining stable compared to the previous month [9] Detailed Breakdown by Province - The express delivery revenue for major provinces included Guangdong at 223.48 billion yuan (1.0% growth), Jiangsu at 77.8 billion yuan (7.5% growth), and Zhejiang at 109.57 billion yuan (5.3% growth) [11] - Notably, Hebei province showed significant growth in express delivery revenue at 49.31 billion yuan, with a year-on-year increase of 19.9% [11] City-Level Insights - Shanghai led the express delivery revenue with 195.99 billion yuan, followed by Guangzhou at 68.34 billion yuan and Shenzhen at 46.96 billion yuan [12] - In terms of processing volume, Guangzhou also topped the list with 1,656,335.3 million pieces, indicating a robust logistics network [13]