Our reporter Li Yucheng Trainee reporter Wang Jingru Peng Yansong
On the evening of November 18, SF Express, YTO Express, Yunda, and STO Express successively disclosed the main operating data of the express delivery business in October.
From the overall situation, the business income of the four companies in October all achieved year-on-year growth.
Among them, Shentong had the fastest growth in business volume in October, leading at a rate of 13.17%; Yuantong still maintained an average daily business volume of 50 million tickets, ranking first; Yunda, Yuantong and Shentong’s single-ticket revenues all increased to varying degrees. The increases ranged from 15% to 23%.
Zhao Xiaomin, an express logistics expert and CEO of Guanshen Capital, said in an interview with a reporter from the Securities Daily: "From the perspective of the growth of various businesses, STO has maintained a relatively stable growth, mainly due to the low base in the same period last year, so the data is completely within expectations. ; YTO wants to continue to climb the peak, it needs to maintain the stability and continuity of performance; and SF Express' business volume still achieved 13% growth under the special environment, far exceeding market expectations."
STO’s business volume still leads
From the perspective of express delivery revenue, STO had the highest year-on-year growth rate in October, and its single-month express delivery business revenue growth rate has been leading for 8 consecutive months.
In October, the revenue of STO Express was 3.033 billion yuan, a year-on-year increase of 29.83%; the highest year-on-year increase in express delivery business volume was still STO, which completed 1.251 billion tickets in October, achieving a year-on-year increase of 13.17%.
In addition, SF Express also achieved a year-on-year growth of 12.73% in business volume, the first double-digit growth rate this year.
In terms of single-ticket revenue, Tongda’s single-ticket revenue growth slowed down.
Yuantong’s single-ticket revenue was 2.52 yuan, a year-on-year increase of 10.26%, and was flat from the previous month. Excluding the influence of Cainiao’s package, the single-ticket revenue was about 0.1 yuan, a year-on-year increase of 5.7%; The single-ticket income was 2.43 yuan, a year-on-year increase of 15.17%, and a month-on-month decrease of 0.41%. Excluding the impact of the rookie package, the single-ticket income was about 0.12 yuan, a year-on-year increase of 9.5%.
The year-on-year growth rate of revenue and business volume of the SF Express logistics business segment has rebounded compared with September, while the single-ticket revenue has suffered a structural decline.
The announcement shows that in October, SF’s single ticket revenue was 15.04 yuan, a year-on-year decrease of 5.53%.
The relevant person in charge of SF Express explained this, mainly due to changes in the structure of express delivery products, the rapid growth of return business in time-sensitive express delivery, and the impact of the year-on-year growth rate recovery of economic express delivery.
Kuang Peiqin, an analyst at Zheshang Securities, believes that due to the "Double 12" online shopping consumption and e-commerce destocking demand, the business volume of express delivery companies will increase to a certain extent in the future. The prosperity of the industry has been further restored.
"In the medium and long term, as epidemic prevention becomes more scientific and precise, the value of single parcels will further decline, and the growth rate of parcels in the industry is expected to remain positive in the later period."
The development of the express delivery industry is full of resilience
According to data from the National Bureau of Statistics, from January to October, the cumulative revenue of the express delivery business was 859.13 billion yuan, a year-on-year increase of 3.0%.
Among them, the express business revenue in October was 90.24 billion yuan, a year-on-year decrease of 0.7%, and a month-on-month decrease of 2.4%, which was another negative growth since April; the single-ticket revenue turned positive year-on-year. From negative to positive in September.
During the "Double 11" period that just passed (November 1-11), postal express companies across the country handled a total of 4.272 billion express parcels, and the average daily processing volume was 1.3 times the daily business volume.
Among them, a total of 552 million express parcels were processed on November 11, which was 1.8 times the daily business volume.
Liu Yang, a researcher at Orient Securities, believes that the current express delivery industry is in a critical stage of transition from a growth competition period to a mature development period, and the industry is gradually moving from profit recovery after the price war to continuous improvement in profitability.
Although it is difficult to clear the industry in the short term, the differentiation among enterprises will intensify. The operating level and management ability of express delivery companies will increasingly become the core differentiation factor and pricing difference among enterprises.
Take SF Express as an example.
During the "Double 11" period that just passed, SF Express reached new heights in the same city.
According to official data, SF Express undertook terminal deliveries from Alibaba and other e-commerce cooperation platforms. During the “Double 11” period, the total delivery volume exceeded 120 million, a year-on-year increase of more than 4 times.
Among them, the volume of delivery orders for intra-city retail categories such as supermarket convenience and fresh fruits and vegetables increased by more than 100% year-on-year.
Cainiao, while realizing door-to-door delivery, launched a global express delivery "cloud supervisor" live broadcast event that lasted 11 days.
As of noon on November 11, the delivery volume of the Cainiao unmanned vehicle Xiaomanlu was close to 2 million, reaching the delivery volume of the entire "Double 11" cycle last year.
Wei Jianhui, a logistics industry consultant from Analysys, told the "Securities Daily" reporter: "This year's 'Double 11' YTO's digital empowerment continued to strengthen, the comprehensive operation capability of the entire network was improved, and more market growth was obtained; Yunda increased its support for outlets. SF Express has focused on improving its competitiveness in the e-commerce market. At the same time, SF Express’ express delivery, express delivery, cold chain, intra-city, aviation, cross-border, and supply chain all The synergy and integration of business strategies has been improved, and SF Express has continuously strengthened its comprehensive logistics service capabilities." (Securities Daily)