Under the epidemic situation, the business volume of Yuantong shentongyunda fell sharply, and Shunfeng bucked the trend

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 Under the epidemic situation, the business volume of Yuantong shentongyunda fell sharply, and Shunfeng bucked the trend


After the release of the above results, a shares opened today, with shares of Yuantong, Yunda and Shentong all down and Shunfeng slightly up. By the end of the lunch break, Shunfeng was up 1.38%, Yuantong was up 0.21%, Yunda was down 2.53% and Shentong was down 1.64%.

Observer network mapping

Screenshot of four companies stock price information

Novel coronavirus pneumonia online shopping has become an important channel for many residents to purchase material for daily life. However, due to traffic control, delay in returning to work of couriers and insufficient stock of e-commerce enterprises, the life of express enterprises is not easy.

According to the data released on February 26 on the website of the State Post Office, in January, the business volume of national express service enterprises completed 3.78 billion pieces, a year-on-year decrease of 16.4%; the business income completed 50.05 billion yuan, a year-on-year decrease of 16.1%.

According to the business briefing issued by the above-mentioned enterprises in January, the business volume of four A-share listed express enterprises accounts for 57.8% of the business volume of national express enterprises, but the revenue of express business only accounts for 31.8%.

According to the specific data, in line with the data released by the State Post Office, the express business volume of Yuantong, Yunda and Shentong in January fell year-on-year, of which, Shentong dropped by more than 20%; on a month-on-month basis, affected by the epidemic situation and other factors, the business volume of the three enterprises fell by more than 40%.

The express business income is linked to the business volume, so the express business income of Yuantong, Yunda and Shentong all fell by more than 20% year on year, and the decline was even more sharp than that of the previous month, and Yuantong, the smallest one, was also close to 40%.

The operating data of January released by SF express is relatively optimistic. Its operating revenue of express logistics business is 11.15 billion yuan, an increase of 10.64% year-on-year; its business volume is 566 million tickets, an increase of 40.45% year-on-year; however, the above two data still show a decline of 1.95% and 3.08% month on month.

In terms of single ticket income, Shunfeng was still the highest 19.70 yuan in January, while Yuantong, Yunda and Shentong were 2.94 yuan, 2.86 yuan and 3.30 yuan respectively. However, the single ticket revenue of the four companies all declined year on year, with a decline of 21.23%, 14.54%, 19.66% and 2.37% respectively.

But if only Yunda dropped 6% in single ticket revenue compared with last December, the other three companies have achieved growth.

It is worth mentioning that, although the performance of express delivery industry has declined in the short term under the influence of the epidemic, some securities companies believe that due to the impact of the epidemic, more online shopping is generated in home life, thus driving the business volume up. In the long run, it may become an opportunity to further improve the penetration rate of online shopping, and promote new retail expansion, which is conducive to the expansion of business model and business volume of express industry.

Shunfeng business briefing in January

Shentong and Yunda saw no increase in revenue or profit last year

According to the announcement, Shentong express achieved a revenue of 23.067 billion yuan in 2019, a year-on-year increase of 35.58%; however, the operating profit was 1.749 billion yuan, a year-on-year decrease of 35.75%; the total profit was 1.818 billion yuan, a year-on-year decrease of 33.67%; the net profit attributable to the parent company was 1.433 billion yuan, a year-on-year decrease of 30.06%.

As for the growth of revenue, Shentong express said in the performance express that it mainly benefited from its increased production capacity, obvious improvement in the timeliness and service quality of express delivery, significant improvement in business volume and market scale and other factors.

As for the decrease of net profit of nearly 30%, Shentong express explained that: the main reason is that the market competition in this period is more intense, which increases the market policy strength in order to maintain the network stability and improve the market share; in addition, in 2019, it increases the market expansion strength, strengthens the provincial and regional management and the refined management of the headquarters, resulting in a large increase in the sales expense, management expense and R & D expense, so that The realization of delirun decreased year on year.

According to the 2019 annual performance express released by SF holdings on the 25th, the company achieved revenue of 112.193 billion yuan, a year-on-year increase of 23.37%; net profit attributable to the parent company of 5.797 billion yuan, a year-on-year increase of 27.24%; and non net profit of 4.208 billion yuan, a year-on-year increase of 20.78%.

In the performance express, SF Holdings said: the continuous growth of profitability benefits from the companys continuous investment in new business, while the application of scientific and technological achievements and cost control measures have brought further improvement in operating efficiency.

Yunda and Yuantong have yet to release their 2019 performance information.

However, Yundas revenue in the first three quarters of 2019 was RMB 24.25 billion, up 162.26% year on year, but its net profit decreased by 1.29% year on year to RMB 1.955 billion. In the same period, Yuantong achieved revenue of 18.62 billion yuan and net profit of 1.25 billion yuan, up 16.07% and 9.75% respectively year on year.

Shentong express 2019 performance express