Hong Kong Stock Concept Tracking | In August, China's express delivery index increased by 12.6% year-on-year. Leading express delivery companies are seeking a balance between volume, quality, and profitability (with concept stocks attached)

Zhitong
2024.09.12 05:49
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In August, China's express delivery development index increased by 12.6% year-on-year, indicating a well-operating express delivery market with improved service quality. It is expected that the express delivery business volume will increase by 19% year-on-year, while business revenue will grow by 11%. The express delivery industry showed steady profitability in Q2, with the expectation of price increases being realized ahead of peak season. Future competition will focus on the ability to reduce costs throughout the entire chain and improve service quality. The medium to long-term demand in the express delivery industry is expected to maintain a moderate to high growth rate. Relevant companies include JD Logistics, ZTO Express, SF INTRA-CITY, etc