Northeast Securities: in May, the express price continued to decline, and the access system approached the 2 yuan / single pass
Qu Yongzhong, analyst of Northeast Securities, commented on the data of express industry in May: the demand of express industry maintained a healthy growth in May, but the growth rate dropped month on month. It is expected that the annual growth rate of business volume in 2021 will maintain at 25% - 30%. Shunfeng's single ticket price has declined slightly, and Tongda's single ticket price has approached 2 yuan / single pass. Zhongtong's leading position is stable. Yunda and Yuantong are better in cost control. The unit price of express delivery can be reduced to a lower level than Shentong, and profits can be guaranteed through scale effect. In the future, the competitive advantages of Zhongtong, Yunda and Yuantong in the e-commerce parts market will continue to expand.
This text is a result of machine translation.
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