The Huachuang Securities Research Report pointed out that under the “anti-domestic roll,” who is winning in the express delivery industry? With the shift in volume growth and the restoration of profitability, Yuantong's comparative advantage improved most significantly. Digitalization and AI power drive a sustainable decline in costs, thereby optimizing profit margins; the company's ability to balance the harmonious coexistence of the franchise network ecosystem is underestimated. The potential to restructure the value of own aviation and internationalization strategies. The bank believes that the e-commerce express delivery sector is systematically underestimated. In particular, under the new “anti-internal volume” normal, leading companies can find a better balance between business volume, price, and profit, and should enjoy a certain premium: maintain the valuation method and give Yuantong 13 times PE's expected net profit in 2026, corresponding to a market value of 84.9 billion yuan, corresponding to a target price of 24.8 yuan, about 39% of the space compared to the current price, emphasizing the “strong push” rating.

The Huachuang Securities Research Report pointed out that under the “anti-domestic roll,” who is winning in the express delivery industry? With the shift in volume growth and the restoration of profitability, Yuantong's comparative advantage improved most significantly. Digitalization and AI power drive a sustainable decline in costs, thereby optimizing profit margins; the company's ability to balance the harmonious coexistence of the franchise network ecosystem is underestimated. The potential to restructure the value of own aviation and internationalization strategies. The bank believes that the e-commerce express delivery sector is systematically underestimated. In particular, under the new “anti-internal volume” normal, leading companies can find a better balance between business volume, price, and profit, and should enjoy a certain premium: maintain the valuation method and give Yuantong 13 times PE's expected net profit in 2026, corresponding to a market value of 84.9 billion yuan, corresponding to a target price of 24.8 yuan, about 39% of the space compared to the current price, emphasizing the “strong push” rating.