群益证券(香港)研报指出,邮政局号召“反内卷”,行业价格战有望缓和。圆通速递规模、议价能力均优于同业,有望受益于“反内卷”:从件量角度看,2025年1-5月公司快递业务完成量达122.4亿件,规模高于韵达(105.5亿)、申通(101.6亿);业务规模同比增长22.3%,超出行业平均增速2.2pcts。从单票角度看,公司议价能力相对更优,1-5月单票收入录得2.21元/件,同业普遍位于2.0元/件...
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