Yuantong Express: it is expected that the growth of the express delivery industry in 2023 will still be strong and resilient, and the business volume will maintain double-digit growth.
According to CTOnews.com news on February 1, the minutes of the investor research meeting disclosed by Yuantong Express today showed that when it was surveyed by institutions on January 31, Yuantong Express expected to achieve 17.479 billion business completion in 2022, an increase of 5.66% over the same period last year, with a steady increase in market share.
The data show that Yuantong Express achieved an operating income of 53.546 billion yuan in 2022, an increase of 18.58 percent over the same period last year, a net profit of 3.92 billion yuan, an increase of 86.34 percent, and a non-return net profit of 3.775 billion yuan, an increase of 82.71 percent over the same period last year.
CTOnews.com learned that Yuantong Express said that in 2023, the company will deepen the comprehensive digital transformation, strengthen core competence building, build brand competitiveness with service quality, strive to improve network management capacity and efficiency, achieve overall network cost reduction, efficiency improvement, and enhance the company's overall competitiveness.
Looking forward to the business growth of the express industry in 2023, Yuantong Express said that thanks to the country's policies to stimulate and encourage consumption, economic exchange activities showed a steady recovery. With the vigorous development of emerging social e-commerce platforms, live streaming and other models, as well as the continued release of consumption potential in rural areas and other sinking markets, the company expects that the growth of the express delivery industry in 2023 will still be strong and resilient, and the volume of business will maintain double-digit growth.
In terms of prices in the express industry, Yuantong Express believes that thanks to the continuous guidance of regulatory policies and the continuous improvement of the business environment of the industry, the competitive strategies of major express service enterprises have changed from price-driven to value-driven. Optimizing customer experience and enhancing comprehensive competitiveness will become the main theme of industry competition, vicious price competition is no longer sustainable, and industry prices are expected to remain relatively stable in 2023.
