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The income of the two companies has set a new low! Shun Feng, Shen Tong and rhyme release the latest management data

In the late May 18th, in the Shenzhen Stock Exchange listed in the shares of SF (002352), STO (002468) He Yunda shares (002120) issued the April Business Briefing.
The data show that the management of the three express companies maintained a better level, but compared to March, the operating performance in April declined, especially in the single ticket revenue, still not optimistic.

Shun Feng


Data show that SF EXPRESS's revenue in April reached 6 billion 935 million yuan, up 33.67% over the same period last year, and its business volume reached 3 billion 50 million votes, an increase of 36.16% over the same period last year.

Officials say the main reason for the increase in revenue is the rapid growth of traditional express logistics and new businesses.

It should be pointed out that although revenue and business volume increased significantly over the same period, it still fell slightly compared to March.

After a continuous decline in the first three months, the single ticket revenue of SF was rebounded in April, reaching 22.74 yuan, but still below the average income level of 23.29 yuan in 2017.

sto


In April, STO's revenue and business volume reached 1 billion 134 million yuan and 359 million votes respectively, up 13.43% and 15.08% compared with the same period last year. However, there was a certain decline compared to March.
In terms of single ticket revenue, STO was 3.16 yuan in April, a record low since 2018. The announcement said that the increase in the utilization rate of the electronic face and the further improvement of the quality of the express service resulted in the reduction of the overall income of the network specification.

Rhyme


In the announcement, it was promoted by the favorable factors such as the sustained economic prosperity of the electric business and the promotion of the service level. In April, the express service volume increased 52.49% year on year, and the express service revenue increased by 30.95%, and the express service volume and service income continued to maintain a high growth rate.

Compared with Shun Feng and Shentong, rhyme has declined in both revenue and business volume compared to March.

Rhyme's single ticket income in April was 1.66 yuan, the three consecutive month of decline, a record low this year.

It needs to be pointed out that SF is a direct battalion mode with revenue for the whole network express. Shentong, rhyme's revenue is headquarters revenue, including Shentong's revenue, including the distribution fee, rhyme's revenue does not include the fee. This is also one of the reasons why the income gap between the three enterprises is relatively large.

Author: Wang Honglei
Source: yicyong think tank

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