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China's Logistics Sector Continues Growth Streak in November
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Hong Kong Stock Concept Tracking | Multiple courier companies have seen a year-on-year increase in revenue for October, and performance in the fourth quarter is worth looking forward to (including concept stocks).
From the perspective of the industry as a whole, the november 11 shopping festival-related e-commerce mega promotion has come to an end, and the industry's parcel volume shows a rapid growth trend. The express delivery business has entered the peak season for the whole year, and the performance of express delivery companies in the fourth quarter is worth looking forward to.
This year, the mainland's Double Eleven express delivery volume exceeded 0.7 billion pieces, an annual increase of 9.7%.
According to the monitoring data of the State Post Bureau, on November 11th, the "Double Eleven" day, postal express companies nationwide collectively processed 0.701 billion parcels, which is 1.51 times the daily business volume, with a 9.7% year-on-year growth. Since entering the peak season on October 21st, the express delivery market has continued to expand, with a daily business volume exceeding 0.58 billion parcels. From October 21st to November 11th, a total of 12.783 billion parcels were processed nationwide, with a daily processing volume of 125% of the daily business volume. Among them, on October 22nd, the express business volume reached 0.729 billion parcels, breaking the record for daily business volume. The State Post Bureau stated that, influenced by the electricity
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China Federation of Logistics and Purchasing: The total social logistics amount in the first three quarters of the country reached 258.2 trillion yuan, and the industry prosperity level is stable and trending towards improvement.
In the third quarter, the overall logistics costs of the whole society have been gradually reduced. Under the coordinated effects of stock and incremental policies, logistics operations continue to stabilize and rebound. Positive changes have occurred in indicators such as the total social logistics volume and total revenue of the logistics industry.
