China Logistics, Express Parcel & Ecommerce_Charting the course_ preliminary 2025 outlook and November review of pricing and volume trends
China Securities·2024-12-23 01:54
更多一手调研纪要和研报数据加V： shuinu9870 Figure 4: Parcel volume growth vs. GMV growth Figure 6: China express industry pricing 8.5 9.0 8.4 8.9 8.1 8.0 7.8 8.0 7.8 7.9 7.9 7.7 8.3 -20% -15% -10% -5% 0% 5% 6 7 7 8 8 9 9 10 10 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Rmb Industry pricing trend Industry ASP y-y (RHS) 5 更多一手调研纪要和研报数据加V： shuinu9870 更多一手调研纪要和研报数据加V： Table 1: HK/China logistics comps table shuinu9870 更多一手调研纪要和研报数据加V： 更多一手调研纪要和研报数据加V： shuinu9870 更多一手调研纪要和研报数据加V： ...