Core Viewpoint - In the first half of 2025, the overall economic operation in China is stable and improving, showcasing strong resilience and vitality, with the express delivery industry maintaining a high market scale and benefiting from policy incentives and seasonal consumption [1] Group 1: Company Performance - Yunda Co., Ltd. reported a total express delivery volume of 12.726 billion pieces, a year-on-year increase of 16.5%, maintaining a market share of 13.31% [1] - The company achieved operating revenue of 24.833 billion yuan, a year-on-year growth of 6.80%, and a net profit of 529 million yuan despite an industry price decline of nearly 8% [1] - The company’s total assets reached 38.600 billion yuan, with net assets attributable to shareholders of 20.462 billion yuan, and a gross profit margin for express services of 6.55% [4] Group 2: Technological Advancements - Yunda is implementing a multi-layered technology strategy termed "1+N+AI" to enhance logistics capabilities, focusing on the construction of collection and distribution centers [2] - The company is advancing the construction of intelligent transfer centers and has deployed drones and unmanned vehicles in various regions to improve last-mile delivery [3] - The application of the DeepSeek model is aimed at transitioning from "human + intelligent" to deep intelligence, enhancing operational decision-making and customer service efficiency [3] Group 3: Cost Management and Network Expansion - The company reported a 15.62% year-on-year decrease in core operating costs per package, with total revenue costs rising by 6.80% [4] - Yunda has established a multi-level transfer system with 71 transfer centers and over 9,700 end delivery service facilities, including 1,926 grid warehouses [4] - The company has expanded its service network to cover all provinces and municipalities in China, with a county-level coverage rate exceeding 99.8% [5] Group 4: Social Responsibility and Strategic Initiatives - Yunda is actively supporting the national "rural revitalization" strategy by enhancing its service network in rural areas, adding over 1,300 new township outlets [5] - The company has introduced smart delivery cabinets to improve convenience for consumers in rural areas, benefiting nearly 20,000 residents [5] - Yunda aims to shift the industry focus from price competition to value competition through technological empowerment and service optimization [6]