STO(SZ:002468)2025-04-01 14:20Group 1: Industry Overview - In January-February 2025, the express delivery industry achieved a business volume of 28.48 billion pieces, representing a year-on-year growth of 22.4% [1][2] - The industry is expected to maintain a double-digit growth rate in 2025, driven by macroeconomic stability and the trend towards smaller parcel sizes [2] Group 2: Company Goals and Strategies - The company's primary operational goals for the year include exceeding the industry average growth rate and steadily increasing market share [2] - The company aims to improve profitability through cost reduction and revenue optimization, focusing on enhancing volume, customer experience, and profitability simultaneously [2] Group 3: Market Conditions and Pricing Trends - The express delivery sector is entering a seasonal competition phase, with some regions experiencing lower pricing levels [2] - As of March 2024, the average revenue per express delivery piece is approaching a low point, with limited downward space expected [2] Group 4: Capital Expenditure and Capacity Planning - The company plans to maintain its capital expenditure at 2024 levels, with specific amounts potentially influenced by payment schedules [2] - Capacity planning details will be outlined in the company's regular reports [2] Group 5: Acquisition and Network Expansion - The acquisition of the Yiwu transfer center asset group was completed on March 1, 2025, marking a significant step in the company's "direct transfer, franchise network" operational model [2] - This acquisition is strategically important for expanding the local market presence in a key e-commerce area [2] Group 6: Cost Reduction Potential - Cost reduction will be influenced by factors such as volume growth, average weight, and the advancement of digital management [2] - The company plans to enhance operational efficiency through increased automation and digital management, which will help lower transfer costs [2]