The express industry is gradually getting rid of the vicious price war in the past and beginning to move towards benign competition. The latest data show that the single ticket income of the industry continues to increase. Industry representative enterprises pointed out that the concentration of the express industry will be further improved.
business volume decreased and ticket revenue increased
On May 18, several express delivery enterprises announced the main business data in April. The industry generally showed an increase in revenue and an increase in single ticket revenue.
The express service revenue was 12.02 billion yuan, a year-on-year increase of 12.02 billion yuan, with a year-on-year increase of 12.02 billion yuan.
Yto Express Group Co.Ltd(600233) ( Yto Express Group Co.Ltd(600233) ) in April 2022, the revenue of express products was 3.122 billion yuan, a year-on-year increase of 10.78%, the business volume was 1.246 billion tickets, a year-on-year decrease of 4.83%, and the single ticket revenue of express products was 2.51 yuan, a year-on-year increase of 16.41%.
Yto Express Group Co.Ltd(600233) said that since the end of 2021, the settlement mode of rookie wrapping business in the company's express delivery business has been adjusted from the settlement between Hangzhou rookie Supply Chain Management Co., Ltd. and franchisees to direct settlement with the company. In April 2022, the company's rookie wrapping business affected the single ticket income of express products by about 0.07 yuan due to the above adjustment. After excluding these effects, the single ticket income of express products of the company was 2.44 yuan, a year-on-year increase of 13.43%.
Sto Express Co.Ltd(002468) ( Sto Express Co.Ltd(002468) ) in April 2022, the express service revenue was RMB 2.033 billion, a year-on-year increase of 11.42%, the business volume was 791 million tickets, a year-on-year decrease of 7.68%, and the express service single ticket revenue was RMB 2.57, a year-on-year increase of 20.66%. According to the company, in April 2022, the adjustment of the settlement mode of the company's rookie wrapping business affected the single ticket income of express service by about 0.11 yuan. After excluding the impact, the single ticket express service income was 2.46 yuan, a year-on-year increase of 15.49%.
On the previous day, S.F.Holding Co.Ltd(002352) ( S.F.Holding Co.Ltd(002352) . SZ) also disclosed the operation briefing of express logistics business in April 2022. According to the announcement, the company's operating revenue in April 2022 reached 18.227 billion yuan, a year-on-year increase of 29.45% S.F.Holding Co.Ltd(002352) 4 the single ticket revenue increased by 1.65% year-on-year, which has maintained year-on-year growth for six consecutive months, and the operation quality has been continuously improved.
It is understood that the unit price of the express industry began to rise generally in November 2021, and the unit price of express products and services in the first quarter of 2022 remained relatively stable after rising compared with the peak season in the fourth quarter of 2021.
industry bid farewell to vicious competition
From the perspective of the whole industry, the overall business volume of the National Express service industry still showed a downward trend in April. According to the operation of the postal industry in April announced by the State Post Office on May 16, from January to April, the business volume of national express service enterprises totaled 31.71 billion pieces, a year-on-year increase of 4.2%, and the revenue totaled 313.33 billion yuan, a year-on-year increase of 2.3%. In April, the business volume of national express service enterprises reached 7.48 billion, a year-on-year decrease of 11.9%, and the business revenue reached 74.05 billion yuan, a year-on-year decrease of 10.1%.
From January to April, the top five cities in express business volume were Guangzhou, Jinhua (Yiwu), Shenzhen, Jieyang and Hangzhou. The top five cities of express business income are Shanghai, Guangzhou, Shenzhen, Hangzhou and Jinhua (Yiwu) respectively.
It is worth mentioning that since May, there have been signs of recovery in the express industry and the transportation capacity has been released in an orderly manner. According to the data of the State Post Office, the volume of express delivery during the May Day holiday this year exceeded that of the same period last year, with a year-on-year increase of 2.3% and 19.7% respectively. In addition, the continuous development of logistics supply guarantee policy helps to accelerate the recovery of express logistics operation.
Yto Express Group Co.Ltd(600233) executives said in a recent investor survey that the express industry has broad development space. First of all, as one of the representative industries of the new economy, the business scale of the express industry is large enough; Secondly, the industry scale effect and network effect are significant, and the asset barrier is high; At the same time, the franchise express industry has excellent business model, less accounts receivable and inventory, and abundant cash flow.
Yto Express Group Co.Ltd(600233) believes that in 2021, the express industry will achieve a milestone development with business volume exceeding 100 billion and business income exceeding trillion. With the introduction of various regulatory policies, the business environment of the industry has been significantly improved. The competitive strategy of major express service enterprises has gradually changed from price driven to value driven, the single ticket price has gradually stabilized and rebounded, and the industry price continues to return to a reasonable level. The express industry will change from "bigger" to "stronger" in the future, and gradually enter a new period of high-quality development.
\u3000\u3000 "In recent years, small and medium-sized express service enterprises and some express brands have gradually withdrawn from the market. In the future, the market share of major express service enterprises will continue to expand and the industry concentration will further improve. With the guidance of industry regulatory policies and the change of business strategies of leading enterprises, the previous vicious price competition is unsustainable. Under the situation of relatively stable prices, the industry will be divided, and enterprises with strong management ability and excellent service quality will be promoted Will stand out. " Yto Express Group Co.Ltd(600233) indicates.
According to the latest research report issued by Anxin securities, the logistics guarantee policy continues to work, the express delivery volume rebounds, and the industry continues to recover. For the access system, the single ticket profit of each company remains at a high level, and it is optimistic about the improvement of leading performance.
