In addition, the competition for express delivery market is still fierce. After Shentongs run for life, Yuantong also gradually started the running mode. In May, the growth of business volume exceeded Yunda for the first time this year, which also increased the suspense for the competition of market scale of Tongda system in 2020.
Shunfengs revenue from January to may exceeded half of last years
Since the introduction of preferential parts into the e-commerce market, SF has achieved business growth exceeding the industry average for 8 consecutive months.
The reporter combed the growth of Shunfengs business and found that since February this year, the growth rate of Shunfengs business volume has exceeded 80%, of which the business volume in February increased by 118.89% year-on-year, and the business volume in March increased by 93.45% year-on-year. The year-on-year growth of business volume in April also reached 88%.
Shunfeng said that the growth of business revenue in may mainly benefited from the high growth of time effective products, special products and other new businesses.
It is worth mentioning that according to the published revenue data, the total revenue of SF in the first five months of 2020 has reached 57.302 billion yuan, more than half of the revenue of SF in 2019. SF once became the first express company with a revenue of more than 100 billion yuan in a share due to its annual revenue of 112.193 billion yuan in 2019. At the same time, in 2019, for the first time, Shunfengs revenue surpassed Yamato of Japan, ranking behind UPS, FedEx and DHL.
The daily economic news reporter noted that since this year, the share price of SF Fung has also increased many times. In the first half of 2020, the share price of SF Fung has increased by more than 50%. Since June, the share price of SF Fung has increased by 22.84%.
From the perspective of the industry, after multiple M & A layouts in the subdivisions in 2018, new businesses such as SF express, intra city distribution, international and cold chain supply chain ushered in a comprehensive growth period in 2019. At the same time, traditional businesses gained new increment due to the introduction of e-commerce preferential parts.
Yuantong business grows faster than Yunda for the first time
Tongda single ticket price drops by more than 30%
Shentong, Yunda and Yuantongs business briefing in May showed that Shentongs express service revenue was 1.804 billion yuan, down 0.42% year on year, and its business volume was 852 million pieces, up 42.74% year on year.
Yunda express business revenue was 2.646 billion yuan, down 4.10% year-on-year; the business volume was 1.299 billion pieces, up 49.65% year-on-year.
Yuantong express business revenue was 2.415 billion yuan, up 11.56% year on year; business volume was 1.156 billion pieces, up 61.06% year on year.
It is worth mentioning that the price of single ticket of the three express companies decreased by more than 30%, among which, the income of single ticket of Shentong was 2.12 yuan, a year-on-year decrease of 30.03%; the income of single ticket of Yunda was 2.04 yuan, a year-on-year decrease of 35.85%; the income of single ticket of Yuantong was 2.09 yuan, a year-on-year decrease of 30.73%.
In the report on Chinas express development index in May 2020, the State Post Office pointed out that the main driving factors for the high-speed growth of the express industry in may include the online shopping festival of dual products in May. The total sales volume of online shopping festival of double products reached 182.51 billion yuan, which led the online retail sales of physical goods to exceed 380 billion yuan, an increase of 33.3% year on year. Affected by this, during the May Day holiday this year, the national postal express industry collected a total of 1.102 billion parcels, an increase of 41.8% year on year. The increase of business volume is accompanied by the decline of single ticket price and revenue, which indicates that the price war in express industry is further intensified. At the same time, the growth of Yuantongs business volume exceeded Yunda for the first time, which also increased the focus of market competition among Tongda system companies. By the end of June 19, Shunfengs share price was 55.99 yuan, up 0.04% from the previous day; Shentongs share price was 17.18 yuan, down 4.71% from the previous day; Yundas share price was 26.01 yuan, down 6.84% from the previous day; Yuantongs share price was 16.27 yuan, down 2.63% from the previous day. Source: Yang Qian, editor in charge of daily economic news_ NF4425