HK Stock Market Move | Express delivery companies' efforts to combat the trend of overwork and burnout are accelerating, with J&T EXPRESS-W(01519) and ZTO EXPRESS-W(02057) both seeing a more than 5% increase in their stock prices.

Express concept stocks are on the rise, as of the time of publication, J&T EXPRESS-W (01519) rose by 5.38% to HK$8.81, while ZTO EXPRESS-W (02057) rose by 5.07% to HK$180.3. On the news front, the effectiveness of the anti-"involution" efforts in the express delivery industry is accelerating. On the evening of June 30, YTO Express Group announced that the company expects to achieve a net profit attributable to the owners of the parent company of RMB 3.1 billion to RMB 3.4 billion in the first half of 2026, a year-on-year increase of 69.34% to 85.73%. In response to the reasons for the increase in performance, YTO Express Group stated in its performance forecast that during the reporting period, the industry continued to implement anti-"involution" measures, competition order gradually improved, terminal prices were reasonably repaired, and the industry's operating environment marginally improved. Founder believes that in the short term, continued stable price adjustments + previous low base, substantial elasticity of profit recovery for tail-end enterprises, the positive cycle of volume and price rising formed by the head relying on headquarters empowerment/network profit improvement/service quality improvement, steadily consolidating the head start. In the medium to long term, policy long-term constraints + market self-discipline + limited demand growth, the industry completely bids farewell to the old model of low-price extensive expansion, industry differentiation accelerates, competition shifts from price involution to comprehensive competition in service/cost/digitized efficiency, entering a new stage of high-quality development of capacity integration and chain-wide quality improvement and cost reduction.