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DAFENG PORT: 2024 Interim Report
Express News | Dafeng Port Heshun Technology Company H1 Net Income HKD -18.1 Million
Express News | Dafeng Port Heshun Technology Company H1 Revenue HKD 690.5 Million
DAFENG PORT: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
China Logistics: In the first half of the year, the total social logistics of the country was 167.4 trillion yuan, a year-on-year increase of 5.8%.
On July 30th, the China Federation of Logistics and Purchasing released an analysis of logistics running from January to June 2024.
China Securities Co., Ltd.: The express delivery industry needs to break away from the framework of "headquarters quantity-price-profit" and the new flywheel sparks sustained development.
In the operation of the business, the four main entities of the express headquarters, franchisee, courier, and direct customers have formed a "express industry flywheel" based on multiple relationships formed in the process. The smooth initial operation is due to the organizational flexibility brought by the franchise system and the price advantage under extreme cost. In the long run, price wars are the "negative" products derived from the continuous operation of the express flywheel.
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