YTO Express Group Co Ltd Class A
600233: XSHG (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.z@ | LOCK|JC | LOCK|npv$gB^ |
YTO Express' 2024 Core EBIT Margin Was Worse Than Expected
Business Strategy and Outlook
The six largest privately owned express delivery companies accounted for around 82% of China’s parcel deliveries by volume in the third quarter of 2024, based on data from the companies and China’s State Post Bureau. With share already high, we think further volume share gain from smaller players is limited for these large companies.
