Industry dynamic information
Industry Overview:
From the performance of each sub sector of transportation relative to CSI 300, the overall recovery of transportation sector is obvious this week (February 28 – March 4). The express delivery sector fell 0.96% this week, with a relatively stable performance.
Express delivery: the express delivery business volume is expected to increase by 48% year-on-year in February
The State Post Office expects that the express business volume in February will increase by 48% year-on-year. It is estimated that the growth rate of the total express volume from January to February is expected to be 19.04%, maintaining a high-speed growth trend. According to the data of the State Post Office, it is expected that the express business volume in February will increase by about 48% year-on-year, and the express business revenue will increase by about 31% year-on-year. It is expected that the average daily express business volume in March will still be more than 300 million pieces. After calculation, the single ticket income of the industry in February was about 9.88 yuan, a year-on-year decrease of 11.49% and a month on month decrease of 5.45%, which was disturbed by the price rise during the Spring Festival holiday; It is estimated that from January to February 2022, the total express business volume is about 15.609 billion, with a year-on-year increase of 19.04%.
The government work report mentioned “developing rural e-commerce and express logistics” and “accelerating the construction of international logistics system”. On March 5, at the fifth session of the 13th National People’s Congress, the government work report mentioned the logistics supply chain, including the implementation of the project of ensuring and stabilizing the chain of leading enterprises and maintaining the safety and stability of the industrial chain supply chain. Strengthen the construction of County commercial system and develop rural e-commerce and express logistics distribution. Accelerate the development of new forms and models of foreign trade, give full play to the role of cross-border e-commerce, and support the construction of a number of overseas warehouses. We will deepen the reform of customs clearance facilitation, accelerate the construction of the international logistics system, and help foreign trade reduce costs and improve efficiency. We will accelerate the construction of a modern military logistics system and a modern military asset management system.
The continuous promotion of express delivery to the village will further expand the coverage of express delivery and continue to boost the growth of express demand in China. Rural delivery logistics is one of the important channels for Shenzhen Agricultural Products Group Co.Ltd(000061) entering the city and sending consumer goods to the countryside. It is of great significance to meet the production and living needs of farmers, release rural consumption potential and promote rural revitalization. In 2022, the express “entering the village” project will be deeply implemented, and 100 rural e-commerce express collaborative development demonstration areas and 300 express service modern agriculture demonstration projects will be built.
Express enterprises may increase the construction of inbound and outbound express processing centers to further expand the intercontinental overseas market. “Express shipping” has been accelerated. At present, 240 overseas warehouses have been built, covering an area of nearly 2 million square meters. In 2021, the volume of international, Hong Kong, Macao and Taiwan mail and delivery business exceeded 2.2 billion, supporting the cross-border commodity flow of more than 440 billion yuan. In the future, we will further expand the normalized cross-border delivery channels such as international aviation, railway and shipping, and focus on strengthening RCEP regional service network.
It is suggested to pay attention to S.F.Holding Co.Ltd(002352) , Zhongtong express and JD logistics. From a long-term perspective, with the transformation and upgrading of China’s manufacturing industry, leading enterprises that can provide higher quality standards and customized differentiated services will stand out.
