The State Post Office held a TV conference call on the afternoon of the 24th, mobilizing and deploying the service guarantee work for the peak season of express delivery business in 2024. The meeting made deployments for this year's peak season service guarantee work for express delivery from 5 different aspects.

According to the State Post Office, the peak season for express delivery has started, with over 0.7 billion packages collected nationwide on October 22, setting a new record. This year's peak season for express delivery business started on October 21 and is expected to end before the Spring Festival in 2025. Data from the State Post Office shows that from October 21 to 23, the national postal express industry collected approximately 1.92 billion packages, a year-on-year increase of 48.7%; and delivered approximately 1.655 billion packages, a year-on-year increase of 29.5%. On October 22, the number of packages collected reached 0.729 billion, a 74% increase year-on-year, breaking the record for daily business volume.

On October 21st, Taobao and Tmall conducted the first round of spot sales for this year's November 11, marking the arrival of the first peak of express delivery for November 11.

On October 24, the State Post Office announced that from October 21 to 23, the national postal express industry collected approximately 1.92 billion packages, a 48.7% year-on-year increase; and delivered approximately 1.655 billion packages, a 29.5% year-on-year increase.

Among them, on October 22, the number of packages collected reached 0.729 billion, a 74.0% year-on-year increase, setting a new record for daily business volume.

To prepare for the large promotion, the transfer centers of express delivery companies will also make early preparations. Dong Haiping, the person in charge of the JIT express delivery transfer center in the Guangdong-Hong Kong-Macao Greater Bay Area, said that the transfer center will conduct a thorough investigation of the volume and flow of goods of brand customers before the start of the major promotion and prepare accordingly.

Based on this year's order volume data from the november 11 shopping festival-related, the order volume for this year's november 11 shopping festival-related may exceed last year.

The above-mentioned person in charge revealed that, the growth of Jitu Express in the Guangzhou-Shenzhen area is significant. Last year, the daily order volume in the Guangzhou-Shenzhen area did not exceed 12 million. The first wave of this year's major promotion saw a significant increase in order volume, with the volume in the Guangzhou-Shenzhen area around 13 million on October 22. According to the forecast data, the peak of the first major promotion can reach 14 million, the volume at our transit center on November 1 can reach 14.2 million, and the express delivery volume on november 11 shopping festival-related will peak at 16 million.

Leading logistics and express delivery companies:

JD.com Logistics (02618): JPMorgan released research reports stating that JD.com Logistics has entered into a phase of long-term revaluation. The company's strong performance in the second quarter has once again proven its ability to achieve continuous net margin expansion. The bank believes that JD.com Logistics is severely undervalued, mainly due to its unique business model lacking a validated record and the misunderstanding of the market about JD.com Logistics being a cost center of JD.com Group. The bank also notes that JD.com Logistics' current core EBITDA margin and net margin are higher than industry peers, proving that its operational model, even if not more competitive, is still feasible economically. In addition, JD.com Logistics currently accounts for approximately 24% of JD.com Group's operating profit, which is a key driver for the group to achieve long-term net margin targets.

ZTO Express - W (02057): In the second quarter of 2024, ZTO achieved revenue of 10.73 billion yuan, a year-on-year growth of 10.1%; adjusted net income of 2.8 billion yuan, a year-on-year growth of 10.9%; parcel volume of 8.45 billion pieces, a year-on-year growth of 10.1%. As of June 30, 2024, ZTO has over 6,000 direct network partners nationwide, operating over 31,000 pickup and delivery points and over 110,000 end delivery stations. In terms of logistics infrastructure, ZTO's infrastructure network includes 96 sorting centers with 515 automated sorting lines, composed of about 10,000 self-operated trunk trucks serving over 3,800 trunk routes.

SF Same-day Delivery (09699): SF Same-day Delivery has reached a comprehensive cooperation with Douyin and Alibaba, integrating into the full ecosystem, including access to delivery, instant delivery to home, and teaming up with Meituan to enhance the ecosystem of instant delivery industry. During the 618 period this year, the SF Same-day Delivery and Douyin ecosystem saw a several-fold increase in instant delivery volume.

Jitu Express (01519): Based on business forecasts and actual production needs, Jitu Express has proactively upgraded and renovated 32 transit centers across the entire network, expanding operational areas and improving shipment efficiency. At the same time, over 600 distribution points and sites across the network have been upgraded and renovated, with more than 400 sets of automation equipment deployed to significantly enhance site operational capabilities. In the first three quarters of this year, Jitu's parcel volume reached 17.253 billion pieces, a year-on-year increase of 30.4%, with a daily average parcel volume of 63 million pieces, a year-on-year increase of 29.9%. In China market, the parcel volume reached 13.888 billion pieces, a year-on-year increase of 29.8%.

ANN Logistics (09956): As of the end of June 2024, the company has more than 31,000 freight cooperative partners and agents (as of June 30, 2023, more than 28,000 freight cooperative partners and agents).