Shenzhen Logistics Firms Discuss "New Acceleration Track" in Roadshow
【Introduction】Shenzhen Logistics Companies Gather for Roadshow to Discuss "Logistics Accelerating New Track"
High-quality development is the original intention and foundation of China's capital market, and it is also the source of power for leading innovation. China Fund News has launched a special column "High-Quality Development of Listed Companies · Industry Concentration Roadshow" to better explore the market vitality of micro entities and stimulate surging innovative momentum.
Reporter Zhang Yanbei from China Fund News
On September 26th, as part of the "High-Quality Development of Listed Companies · Industry Collective Roadshow" series of activities, the logistics industry listed companies' 2024 annual concentrated roadshow with the theme of "Logistics Accelerating New Track" was held in a "offline + online" format, with companies such as Shenzhen Stock Exchange Straits Shares, Yunda Shares, and STO Express participating.
The aforementioned companies have expressed that as the fourth quarter ushers in the traditional peak season for the express delivery industry, the overall industry price may be repaired, and the companies will continue to improve service quality, take multiple measures to promote high-quality development, and seize opportunities to maintain stable operating performance.
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The industry is expected to maintain a high growth rate throughout the year
Many logistics companies in Shenzhen pointed out in the roadshow that under the promotion of multiple favorable factors, the express delivery industry's business volume is expected to maintain a high growth rate throughout the year.
According to convention, as the year-end approaches and the industry's peak season arrives, express delivery business will significantly increase. This year, this trend will be more pronounced. Data shows that from January to August this year, the penetration rate of physical goods online shopping reached 25.6%, and the online penetration rate continued to increase.
Based on this, Guo Lin, the Secretary of the Board of Directors of STO Express, introduced that the express delivery volume is mainly affected by the demand of upstream e-commerce. The express delivery industry, driven by the increase in online shopping penetration rate and the trend of small packaging, has significantly exceeded expectations in terms of growth this year; it is expected that the demand will remain relatively stable in the fourth quarter, and the annual growth rate is expected to be around 20%.
"The scale of parcels in the second half of the year is expected to be significantly higher than in the first half, with a richer range of goods and higher customer unit prices, which will be very helpful for the recovery of express delivery prices," said He Qiang, the representative of securities affairs of Yunda Shares. He also indicated that the current business objectives of the express delivery industry pay more attention to reasonably reserving temporary capacity during peak business periods. While ensuring service timeliness, it will also lead to some temporary cost increases, which will also be friendly negotiated with customers and passed on to the market through terminal prices.He Qiang further analyzed that under the influence of multiple factors such as large-scale e-commerce events like Double 11, traditional festivals, and seasonal changes, the peak season for express delivery often arrives in the fourth quarter. This year, with the industry being better prepared and the stimulation of favorable policies, the entire industry may enter a dual direction of high-quality service development and price recovery.
"During the peak season, express companies need to increase production capacity, reserve sorting manpower, and reserve some trunk line transportation capacity to meet peak season demands," Guo Lin emphasized. During this period, due to the transmission of cost factors, the price of express delivery may rise, but the extent and duration of the increase need to focus on the demand expectations of upstream e-commerce in the fourth quarter.
Exploring a high-quality development path with distinctive features
In response to the company's exploration of effective paths for high-quality development, logistics companies participating in the roadshow combined their own resource endowments and provided diversified solutions with distinctive features.
Ye Wei, director and general manager of Hainan Strait Shipping Co., Ltd., pointed out in the roadshow that the company is deeply involved in passenger-roll transportation, with 51 passenger-roll ships operating at the two major ports of the Qiongzhou Strait. After completing the integration of Qiongzhou Strait shipping resources at the end of 2021, the company is accelerating the integration of the north shore passenger-roll wharf, continuously strengthening the company's port-sea integration advantages, and improving operational efficiency.
At the same time, the company focuses on technological innovation, uses information technology to build a smart passenger hub system, and continuously improves the level of port-sea management with "digital intelligence empowerment."
Regarding the company's high-quality development strategy, Cai Linjian, secretary of the board of directors and chief financial officer of Hainan Strait Shipping Co., Ltd., introduced that the company relies on the development of Hainan's free trade economy and implements a "one body and two wings" development strategy: taking the strengthening of passenger-roll transportation as the main body, integrating port resources, and improving transportation capacity and services; at the same time, it develops comprehensive logistics and marine tourism businesses, explores the synergy of "port + ship + park," innovates marine tourism, continuously develops diversified tourism products, creates a Chinese characteristic Xisha cruise tourism model, and drives the company's high-quality development.
He Qiang said that Yunda Shares insists on empowering the entire chain with digitalization for lean management, and the two core operating costs have rapidly decreased. In the first half of 2024, the business volume reached 10.92 billion pieces, a year-on-year increase of 30%. At the same time, it deeply cultivates product stratification and customer grouping, with the express product business volume increasing by 180% year-on-year.
"At present, the policy direction is to further promote the transformation, upgrading, and high-quality development of the industry. In the long term, if the business objectives of enterprises are all a single pursuit of business volume and 'involution', it may bring multiple adverse effects such as industry profit damage, insufficient construction of network basic capabilities, decline in service quality, and deterioration of consumer express delivery experience," He Qiang emphasized, "Therefore, in the future, the first is to strengthen industry self-discipline and resolutely prevent malicious competition, and the second is to focus on improving the quality of express delivery services and competitiveness."
Regarding the reason why the business volume growth rate of STO Express in the first half of this year was higher than the industry average, Guo Lin analyzed that the company continues to invest in production capacity, continuously improve the timeliness and quality, and consolidate brand service stickiness. At the same time, it enhances the service and customer acquisition capabilities of outlets at the front line, expands individual orders and large customers, and jointly drives business volume growth."Next, the company will consider the demand situation in the express delivery industry, its own profitability, and comprehensively plan for capital expenditures and working capital needs, in order to continuously improve returns to investors," he said.