From January to may 2021, the nationwide express business volume increased by 50.1% year on year From State Post Bureau

The following is the From January to may 2021, the nationwide express business volume increased by 50.1% year on year From State Post Bureau recommended by recordtrend.com. And this article belongs to the classification: logistics.

On June 12, the State Post Office announced the operation of the postal industry in May. In May, the business volume of national express service enterprises reached 9.22 billion pieces, a year-on-year increase of 24.9%; Business income reached 86.42 billion yuan, up 12.0% year on year. Industry insiders said that as China’s Jiangsu and Zhejiang regions began to implement the price protection policy, the momentum of vicious competition weakened, but the price war of the first line oligarchs is still going on, and the share competition of the express industry is still fierce.

Business volume from January to May increased by 50.1% year on year

The data shows that from January to may, the business income of postal industry (excluding the direct business income of postal savings bank) totaled 502.24 billion yuan, an increase of 24.3% year on year; The total business volume reached 523.08 billion yuan, up 37.3% year on year. In May, the business income of the whole industry reached 105.19 billion yuan, a year-on-year increase of 10.6%; The total business volume reached 113.24 billion yuan, a year-on-year increase of 20.0%.

From January to may, the total volume of postal services reached 91.26 billion yuan, up 4.3% year on year; The total business volume of postal delivery service reached 10.61 billion, down 0.2% year on year; The total revenue of postal delivery service reached 16.21 billion yuan, a year-on-year decrease of 10.9%. In May, the total volume of postal service business reached 15.03 billion yuan, up 3% year on year; The business volume of postal delivery service reached 2.16 billion, up 1.9% year on year; The revenue of postal delivery service reached 3.01 billion yuan, down 11.8% year on year.

From January to may, the total business volume of national express service enterprises reached 39.65 billion pieces, a year-on-year increase of 50.1%; Business income totaled 392.58 billion yuan, up 29.7% year on year. Among them, 5.08 billion pieces of business were completed in the same city, with a year-on-year growth of 14.4%; The total number of off-site business was 33.65 billion, up 57.6% year on year; The business volume of international / Hong Kong, Macao and Taiwan reached 910 million pieces, a year-on-year increase of 49.8%. In May, the business volume of national express service enterprises reached 9.22 billion pieces, a year-on-year increase of 24.9%; Business income reached 86.42 billion yuan, up 12.0% year on year.

The business volume of off-site express delivery increased. From January to may, 12.8%, 84.9% and 2.3% of the total express business were in the same city, different places and international / Hong Kong, Macao and Taiwan respectively; Business income accounted for 8%, 50.5% and 12.9% of the total express business income respectively. Compared with the same period in 2020, the proportion of intra city express business volume decreased by 4 percentage points, the proportion of non local express business volume increased by 4 percentage points, and the proportion of international / Hong Kong, Macao and Taiwan business volume was basically the same.

The proportion of express business in Central China has increased. From January to may, the proportion of express business volume in eastern, central and western regions was 78.5%, 14.2% and 7.3% respectively, and the proportion of business income was 78.5%, 12.7% and 8.8% respectively. Compared with the same period in 2020, the proportion of express business volume in the eastern region decreased by 1.6 percentage points, and the proportion of express business income decreased by 1.5 percentage points; The proportion of express business volume in the central region increased by 1.7 percentage points, and the proportion of express business income increased by 1.3 percentage points; In the western region, the proportion of express business volume decreased by 0.1%, while the proportion of express business income increased by 0.2%.

In addition, from January to may, the CR8 of express and parcel service brand concentration index was 80.5, up 0.1 from January to April（ Note: the total business volume of the postal industry and the total business volume of postal services are calculated according to the constant unit price in 2020, and the year-on-year growth is calculated according to the comparable caliber.)

This year’s business volume exceeded 40 billion pieces

It is worth mentioning that according to the real-time monitoring data of the State Post Office, as of June 1, China’s express business volume this year has exceeded 40 billion pieces, close to the level of the whole year of 2017; The daily average business volume is more than 266 million pieces, and the daily average service users are more than 500 million person times. The role of the industry in serving people’s livelihood is more prominent. The State Post Office predicts that the annual express business volume will exceed 95 billion pieces in 2021.

It is reported that it took only five months for the express business volume to exceed 40 billion pieces this year, seven months ahead of the first 40 billion pieces in 2017 and about two months ahead of 2020.

Since 2021, while the postal express industry continues to maintain high-speed growth, the service quality, product system, transportation capacity and terminal service capacity are constantly improved and upgraded, realizing the double improvement of scale, quality and efficiency. Data show that the latest express effective complaint rate of about 0.16 per million, an improvement of 60%. Consumer satisfaction with express delivery service is expected to be 79 points, up 0.7 points year on year. The 72 hour punctuality rate in key areas is expected to be 75.6%, up 1.4 percentage points year on year. Shunfeng, Zhongtong, Jingdong express and other enterprises upgrade and improve the product system, improve the service experience and quality, innovate the delivery mode, and improve the delivery timeliness of agricultural products. Postal, SF and Yuantong have opened and operated a number of international freight routes, with steady improvement of air transport capacity, continuous expansion of transport network and continuous enhancement of comprehensive transport capacity of the industry. In addition, the terminal comprehensive service capacity of the industry has been steadily improved, and the express delivery enterprises have strengthened the network construction and continuously improved the terminal service capacity by setting the terminal comprehensive service platform and other measures.

Galaxy Securities believes that since April, China’s Jiangsu and Zhejiang regions have begun to implement price protection policies, but the price war of the first line oligarchs is still going on, and the share competition in the express industry is still fierce. At present, the trend that the second line of the industry is basically cleared and the first line continues to clear has not changed on the whole. However, under the expectation that the price protection policy will be extended to the whole country, the competitive environment of the express industry will be improved, and the income level may be higher than the recent low.

More reading from China Securities Journal: National Post Office: in February 2017, China’s express business volume reached 2.34 billion pieces. National Post Office: in Q2 2017, China’s average daily express handling volume exceeded 100 million pieces. National Post Office: in January 2017, China’s express business volume reached 2.21 billion pieces, a year-on-year increase of 2.6%. National Post Office: in 2019, China’s express business volume exceeded 63 billion pieces. National Post Office: it is estimated that the express volume will exceed 100 billion pieces in 2021 National Post Office: from January to October, 2019, China’s express business volume will reach 49.66 billion pieces, up 26% year on year. National Post Office: in the first half of 2019, the express business volume will reach 27.76 billion pieces, up 25.7% year on year. National Post Office: in June, 2019, the express business volume will exceed 5.4 billion pieces, with a growth rate of nearly 30%. National Post Office: it is expected that the express business volume will reach 30% in April, 2019 National Post Office: in the New Year holiday of 2019, 405 million pieces of express business will be completed nationwide. National Post Office: in October 2018, 4.69 billion pieces of express business will be completed nationwide, with a year-on-year growth of 25%. National Post Office: in 2019, the annual business volume of China’s express will exceed 60 billion pieces. National Post Office: it is estimated that the express business volume will exceed 74 billion pieces in 2020, with a year-on-year growth of 18% It is estimated that China’s express delivery will exceed 80 billion pieces in 2020

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