Galaxy Securities: Leading companies in the express delivery sector may further stabilize and increase their market share, with the potential for performance to be released as expected.

Galaxy Securities pointed out that in the express delivery sector, the current trend is driven by the sinking of e-commerce and other new formats, and there is a significant trend towards lightweight and small items. The continuous effects of anti-inner-circle policies are being released, with many places setting price floors and implementing penalty mechanisms to regulate low-price disorderly competition. Along with further optimization of the industry structure and the empowerment of intelligent connected vehicles technology, leading express delivery companies are striving to build differentiated competitive advantages. High-quality development will continue to be the direction for future development. In 2026, the B2B logistics industry may continue to benefit, with a more significant demand-boosting effect and a trend of improvements in both volume and price performance. Combined with the ongoing optimization and consolidation of the industry competition landscape, the concentration continues to increase, with the market share of leading companies potentially stabilizing and even rising, indicating the release of performance potential.