**：
On February 20, four A-share express delivery companies released their operating data for January. Affected by the effect of the New Year's Festival** and the staggered Spring Festival holiday (the Spring Festival holiday in February in 2024 and the Spring Festival holiday in mid-to-late January in 2023), the business volume of various enterprises increased significantly year-on-year.
Specifically, YTO Express is firmly in the "first" among the A-share "Tongda Department" express delivery companies, with a business volume of 215.1 billion votes, a year-on-year increase of 9179%；Business income 526.1 billion yuan, a year-on-year increase of 7148%；The growth rate of Shentong Express's business volume remained in the lead, with a business volume of 181 billion votes, a year-on-year increase of 12453%；followed by Yunda shares, with a business volume of 195.7 billion votes, a year-on-year increase of 9609%。
SF Holdings, the "first brother" of the express delivery industry, still achieved rapid growth under the high base of the same period last year. In January, the revenue of express logistics business was 1950.1 billion yuan, a year-on-year increase of 2072% (excluding Fengwang); Business volume 114.7 billion votes, a year-on-year increase of 2830% (excluding Fengwang). *Chain and international business achieved revenue of 485.6 billion yuan, a year-on-year increase of 2%.
According to the monitoring data of the State Post Bureau, since the beginning of the Spring Festival (January 26 to February 17), 56 express parcels have been collected5.5 billion pieces, an increase of 30 percent over the same period in 20238%；Delivery of express parcels 599.4 billion pieces, an increase of 21% over the same period in 2023.
According to the State Post Bureau, the good growth trend of express parcel volume further highlights the positive role of postal express business in ensuring smooth and warm delivery, and also reflects the new vitality of China's consumption.
However, the downward trend of single ticket revenue in the express delivery industry continues. According to the announcement, the revenue of Shentong Express, Yunda Co., Ltd., and Yuantong Express in January was 219 yuan, 227 yuan, 245 yuan, down from the same period last year59%；The decline in the single ticket revenue of SF Holdings was small, and the single ticket income of its express logistics business was 17 yuan, a year-on-year decrease of 592%。
In the face of increasingly fierce industry competition, Wang Wenbin, president of Shentong Express, said at the New Year kick-off meeting of managers: "All managers should be more ruthless and cruel to themselves, lead the whole network to face the competition, sacrifice their lives to run wildly, improve quality on the basis of maintaining increments, and fight until the end of the war." ”
Liu Youhua, deputy director of the wealth research department of Paipai.com, analyzed: "The single ticket of express delivery companies continues to decline, on the one hand, due to the intensification of competition in the industry, the homogenization of service quality is more serious, and the reduction of ** will help maintain or improve market share; on the other hand, the growth rate of demand has declined, and the supply of the industry has exceeded demand; In addition, the application of artificial intelligence and other technologies has led to efficiency improvements, and the operating costs of express companies have been further reduced. ”
Looking forward to 2024, many industry insiders believe that as the economy recovers the growth of domestic demand, the first end of the express delivery industry is expected to remain stable.
On the one hand, major express delivery leaders such as SF Holdings and YTO Express are in the downward stage of capital expenditure, and there is still room for further recovery of profits; On the other hand, the new version of the "Express Market Management Measures" will be implemented on March 1, which is expected to repair some of the best depressions and ensure the return of profits.
Han Jun, chief analyst of transportation and coal at China Securities Construction Investment, believes that the content of the "Express Market Management Measures" includes high-quality development, green and low-carbon environmental protection, information disclosure and safety, terminal delivery, etc., especially for the market concerned about the "first war, franchise network stability, brushing, last mile delivery" and other issues to give clear policies and regulations.
Express delivery companies are also constantly exploring high-quality development paths. In February this year, Zhongtong Express accelerated the layout of the mid-to-high-end market, and announced a comprehensive upgrade of its product matrix, upgrading the original "Standard Express" to "Zhongtong Good Express", and the original "Express" to "Zhongtong Feikuai".
According to the information released on the official website of the State Post Bureau, the express delivery industry will continue to maintain a steady upward trend in 2024, and it is expected that the express business volume and business income will complete 142.5 billion pieces and 13 trillion yuan, with a growth rate of about 8%.
Hong Tao, director of the Institute of Business Economics of Beijing Technology and Business University and vice chairman of the China Consumer Economics Association, told the reporter: "Low-price competition will inevitably lead to an increase in costs and a decrease in enterprise efficiency. Therefore, the express delivery industry should explore a variety of competition methods, such as competition, quality competition, brand competition, in addition to the introduction of new express varieties to meet the market a variety of express consumer demand, innovative service brand, value-added enterprise value, so as to enhance market competitiveness. ”