On April 27, the executive meeting of the State Council proposed that from May 1 to the end of May, qualified income from express delivery should be exempted from VAT. In addition, the Shanghai Municipal Commerce Commission recently issued the first batch of national unified "key material transport vehicle passes" to some express delivery enterprises to help logistics recover.

Guohai Securities license said that the e-commerce express delivery industry has entered a new development stage of high income growth and low capital expenditure growth, and the development strategy of head enterprises has changed from cost differentiation to income differentiation. Pay more attention to the balance between service quality, operating profits and market share. Epidemic control only affects the pace of the growth of express business volume, and does not change the upward trend of volume and price of the whole industry under pattern optimization. In the new development stage, the profit elasticity of price contribution is much greater than the impact of business volume changes.