CITIC Lyon expects significant price increases for express delivery operators in some regions during this year's peak season.
The Zhitong Finance App learned that CITIC Lyon released a research report saying that the volume of China's express delivery industry increased 20% year on year in August. Tongda Express continues to expand its market share, and prices are trending well on a quarterly basis. Due to policy support, express delivery operators are operating at almost full capacity, and network partners are increasingly concerned about profits. Prices are expected to increase meaningfully in some regions during this year's peak season. Historically, the price increase range was 0.1-0.2 yuan, and the Yiwu and Chaoshan regions have already begun to increase prices. The bank is optimistic about Shentong Express and Yunda Express, and the number of Zhongtong Express-W (02057) is also recovering.