According to the report on China Express development index in April 2022 released by the State Post Office on May 19, it is estimated that China Express development index in April 2022 was 241.3, down 3.9% month on month. Among them, the service quality index and development trend index were 325 and 65.6 respectively, up 7.1% and 5.1% month on month respectively.
The State Post Office pointed out that affected by the epidemic, the development of the industry slowed down slightly. However, with the establishment of the national post office and the working mechanism of ensuring the smooth operation of the industry in all provinces (autonomous regions and cities), the notice of the national post office on printing and distributing several measures for ensuring the smooth operation of the postal express industry was issued to open up the policy blocking points and solve the difficulties of smooth operation. There are obvious signs of industrial recovery, and it is still possible to stabilize and improve in the future.
Relevant agencies also said that with the gradual improvement of the epidemic, the express industry is expected to resume positive growth in May.
4 month drop in express business
The report shows that in April, the volume of express business decreased by 11.9% year-on-year, and the revenue of express business decreased by 10.1% year-on-year. In April, affected by the epidemic in Shanghai, Shanxi, Jilin and other places, some distribution centers and business outlets were temporarily suspended, network interruption occurred to varying degrees in many places, and the scale of the industry decreased.
However, with the vigorous promotion of the working mechanism of ensuring the smooth operation of the postal express industry and the working mechanism of ensuring the smooth operation of logistics in various regions, the number of unsealed distribution centers and outlets has increased day by day, the operation of the industry has recovered steadily, and the development trend has continued to improve. Since April 24, the express business volume has rebounded significantly, and has basically recovered to about 300 million pieces per day.
Head express listed companies recently successively released the operation data of express business in April. The data also showed that the business volume of each express delivery enterprise declined in April.
Among them, in S.F.Holding Co.Ltd(002352) 4 month, the express logistics business realized a revenue of 11.506 billion yuan, a year-on-year decrease of 8.47%; The business volume reached 747 million tickets, a year-on-year decrease of 10%; The revenue of supply chain and international business reached 6.721 billion yuan, a year-on-year increase of 345.39%.
in 6 Shenzhen Invt Electric Co.Ltd(002334) , the revenue of express products reached 3.122 billion yuan, a year-on-year increase of 10.78%; The number of business completed was 1.246 billion, a year-on-year decrease of 4.83%.
in Yunda Holding Co.Ltd(002120) 4 month, the business income of express service was 2.859 billion yuan, with a year-on-year increase of 0.03%; The business volume was 1.132 billion tickets, a year-on-year decrease of 19.37%.
Sto Express Co.Ltd(002468) 4 in April, the business income of express service was 2.033 billion yuan, with a year-on-year increase of 11.42%; The business volume was 791 million, a year-on-year decrease of 7.68%.
Guosen Securities Co.Ltd(002736) pointed out that after the national epidemic eased, the demand for express delivery is expected to rebound. Under the assumption that the impact scope and duration of the national epidemic this year are controllable, the single ticket profit of Tongda company is expected to rebound significantly, and the profit is expected to achieve rapid growth.
resume work and speed up production
The resumption of work and production of the express industry is also accelerating. The Shanghai Postal Administration recently announced the “white list” for the resumption of work and production of the postal express industry in Shanghai, and some distribution processing centers have resumed operation one after another.
China Securities News · China Securities Taurus reporter previously learned that Yto Express Group Co.Ltd(600233) headquarters decided to pay a total of more than 10 million yuan of salary subsidies to more than 200 outlets in Shanghai for the living security of front-line personnel such as couriers, drivers, operators and customer service personnel, so as to help return to work and production.
At the same time, Yto Express Group Co.Ltd(600233) financial department will also provide credit lines ranging from 200000 to 500000 yuan to outlets in Shanghai. All outlets preparing to resume work can apply according to the actual situation. After review, the Yto Express Group Co.Ltd(600233) financial department gradually made loans.
It is worth noting that in view of the multi-point epidemic situation, various express enterprises provide effective guarantee for the delivery of daily necessities and emergency supplies.
For example, by opening routes, increasing charter flights, railway transportation, highway special line transportation, drop and hitch relay and other means, express enterprises build an emergency support network for three-dimensional railway, land and air transportation, strengthen covid-19 vaccine transportation, and participate in the transportation of all kinds of medical and living materials.
Express enterprises also innovate the new service of “intra city urgent delivery + Express Logistics” for live broadcast e-commerce, and help businesses realize the double improvement of “intra city + remote” sales business.
Anxin securities expects that the express industry will resume positive growth in May. At present, the epidemic situation in Shanghai is gradually improving, the epidemic situation in Beijing is controllable, the policy of ensuring smooth supply chain is implemented, the epidemic areas are orderly promoted to resume work and production, and the demand replenishment is expected to drive the growth rate in May; At the same time, pay attention to the follow-up 618 e-commerce, promote the further pull of demand, the industry has entered a recovery period, and the growth rate is expected to gradually pick up.
