ZTO Express Inc. (ZTO.US) surged 4.67% in pre-market trading to $20.61. On the news front, the State Post Bureau recently convened a symposium with express delivery companies, actively promoting solutions to "involution-style" competition and other issues. Zheshang Securities issued a research report stating that based on the anti-involution context, express delivery prices have shown signs of stabilization. As the off-season ends and the peak season arrives in September, prices are expected to stabilize and rebound across a broader range, which may improve the operating pressure on franchise operators and lead to a phased recovery in express delivery performance and sector sentiment.
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