logistics

Data inventory of four A-share express companies in January 2021

The following is the Data inventory of four A-share express companies in January 2021 recommended by recordtrend.com. And this article belongs to the classification: logistics.

When the haze of the epidemic gradually dissipated, the express industry returned to the traditional small peak season in January this year, and the four A-share express companies made a “good start”. On the evening of February 19, Yuantong express, Yunda Co., Ltd., Shunfeng holding and Shentong express released the January 2021 Business Express, which showed that the four express companies maintained strong growth. Among them, the business volume of Yuantong express, Yunda shares and Shentong express increased by more than 110%, and the monthly income of SF holdings reached a new high.

According to the analysis of Anson Securities Research Center, on the one hand, the substantial growth of Tongda’s business volume is related to the decline of business volume caused by the epidemic situation and the Spring Festival holiday in January last year, and on the other hand, it is also related to the continuous strong demand of e-commerce in the Spring Festival. In the same period of last year, the growth rate of SF holdings was still strong under the high business volume base, which was mainly affected by the wrong Spring Festival and the continuous strong demand for time effective parts and e-commerce parts.

New way to celebrate Chinese New Year

As a leader in the industry with a market value of more than 500 billion yuan and a sinking market, SF holdings achieved an operating revenue of 15.588 billion yuan in January, a year-on-year increase of 39.80%, surpassing the level of last year’s “double 11” peak season, and its monthly revenue reached a new high. At the same time, its business volume was 903 million votes, a year-on-year increase of 59.54%; its total revenue was 16.385 billion yuan, a year-on-year increase of 40.91%.

Due to the low base last year, the three Tongda express companies performed quite well. In January, the express product revenue of Yuantong Express reached 3.013 billion yuan, a year-on-year increase of 74.87%; the business volume of Yuantong Express reached 1.268 billion tickets, a year-on-year increase of 116.56%. In January, Yunda’s express service revenue was 3.091 billion yuan, a year-on-year increase of 70.68%; its business volume was 1.386 billion tickets, a year-on-year increase of 118.96%. In January, the express service revenue of Shentong express reached 2.115 billion yuan, a year-on-year increase of 59.64%; the business volume of Shentong express reached 843 million tickets, a year-on-year increase of 110.25%.

Looking back to the same period last year, the general business volume of Tongda affected by the epidemic declined. Yunda shares, Yuantong express and Shentong express decreased by 4%, 11% and 21% respectively year on year, while Shunfeng holdings increased by 40% year on year due to the advantages of direct business mode.

A number of people in the express industry told reporters that the substantial increase in the business volume of express enterprises in January, in addition to the continuous growth of their own performance, is also in 2021 and 2020 Spring Festival holidays are not in the same period (2021 Spring Festival holiday in mid February, 2020 Spring Festival holiday in late January), resulting in a significant growth in business volume.

According to the monitoring of the postal industry security center of the State Post Office, the 10 days after the eighth day of the twelfth lunar month in previous years is the online sales period for e-commerce enterprises to make full preparations, and the express business volume will show a small growth and then gradually decline. However, this year’s operation characteristics are completely different from those of previous years. Various e-commerce platforms have responded to the call to extend the time cycle of the new year’s festival from five days to 30 days. Under the local new year’s initiative, online shopping and gift giving during the Spring Festival have become the mainstream of the Spring Festival in 2021, which also increases the demand for express delivery in the market.

Source: postal industry security center of State Post Office

At the same time, in absolute terms, in January this year, the business volume of national express service enterprises reached 8.49 billion pieces, a year-on-year increase of 124.7%; the business income reached 86.76 billion yuan, a year-on-year increase of 73.3%. This performance is second only to November and December 2020, reflecting the high prosperity of the express industry.

This high boom also continued into the Spring Festival. According to the monitoring of the express big data platform of the State Post Office, during the Spring Festival (February 11-17), the national postal express industry has collected and delivered 660 million express packages, a year-on-year increase of 260%.

Competition upgrading: from price war to capital war

Looking at the single ticket revenue of four express companies, in January this year, the single ticket revenue of SF holdings was 17.26 yuan, a year-on-year decrease of 12.4%; Shentong express was 2.51 yuan, a year-on-year decrease of 23.9%; Yunda was 2.23 yuan, a year-on-year decrease of 22%; Yuantong Express was 2.38 yuan, a year-on-year decrease of 19.3%.

However, on a month on month basis, the single ticket revenue of SF holdings increased by 1.9%, Yuantong express and Shentong express increased by 7.7%, and Yunda shares slightly decreased by 0.9%. From the overall situation, in January, the industry’s single ticket revenue fell for 11 consecutive months. On the one hand, it is related to the heavy increase of orders driven by the “New Year’s Day” in January, and on the other hand, the price competition in the industry is slowing down near the Spring Festival.

After the most fierce competition in 2020, the growth of express industry returns to a high level, and the market share is concentrated to the leading enterprises. According to the statistics of Huachuang Securities Research Report, in January, the market shares of SF holdings, Yunda shares, Yuantong express and Shentong express were 10.6%, 16.3%, 14.9% and 9.9% respectively, showing a slight decline compared with the same period last year.

After several rounds of price competition, in the face of new entrants such as rabbit, surprise and so on, the express industry, which is “Heroes” in terms of market share and pricing power, has chosen to “borrow” capital operation to realize “horse racing and enclosure”.

In January this year, Yunda, as a strategic investor, invested 614 million yuan to invest in the large express business of deppon, and will hold 6.5% of the shares of deppon, becoming the second largest shareholder of the latter.

On the evening of February 9, SF holdings announced its acquisition of 51.8% equity of Kerry Logistics with HK $17.555 billion. SF holdings will position Kerry Logistics as its main platform to expand overseas markets. At the same time, SF holdings also announced that it will raise a large amount of 22 billion yuan, and the net amount of the raised funds will be used for the project of upgrading the automation of express transportation equipment and the new transfer center project of Ezhou civil airport in Hubei Province.

In addition, Jingdong Logistics has also knocked on the door of listing Hong Kong stocks. On the evening of February 16, the official website of the Hong Kong Stock Exchange disclosed the prospectus of Jingdong Logistics. The company plans to raise funds to invest in upgrading and expanding the logistics network, as well as developing advanced technologies related to supply chain solutions and logistics services. The industry estimates that the value of Jingdong Logistics will reach about 40 billion US dollars.

More reading from Shanghai Securities News: National Post Office: 1.6 billion parcels delivered during the Spring Festival transportation in 2019, a year-on-year increase of 33%. National Post Office: from January to April 2018, the business volume of national express service enterprises reached 13.67 billion, a year-on-year increase of 29.3%. Zhongtong Research Institute: Development of foreign express enterprises and comparison between China and foreign countries (with report Download) National Post Office: from January to April 2016, the revenue of national express market reached 107.4 billion yuan National Post Office: by the beginning of February 2021, China’s express delivery business volume has exceeded 10 billion pieces. Rookie wrapping: in 2020, the number of female couriers will increase by more than 20%. National Post Office: it is estimated that China’s express delivery will exceed 80 billion pieces in 2020 China Post Office: in November 2020, the annual business volume of express delivery in China will exceed 70 billion pieces China National Railway Group: as of November 2020, the number of China Europe trains has exceeded 10000. China National Railway Group Co., Ltd.: in the first half of 2020, the number of China Europe trains has increased by 36% over the same period of last year. National Post Office: 651 million express packages will be delivered nationwide in 2020 during the Dragon Boat Festival holiday, with a year-on-year increase of 47.68%. National Post Office: from June 1 to 18, the nationwide express business volume will reach 4.678 billion 48.66% year on year

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