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China’s postal industry recorded a revenue of 654.3 billion yuan in the first half of the year, rising 6.5% from a year earlier, according to data from the State Post Bureau. That represents a sharp slowdown from the 22.2% growth in the first half of 2021.
Express delivery companies’ business volume during the first six months reached 51.2 billion parcels, up 3.7% from a year ago, while their revenue reached 498.2 billion yuan, growing 2.9% on year, showed the data, compared to growth of 45.8% and 26.6% in the same period last year.
In particular, express delivery business volume declined on year in April, before slowly recovering in May and June, said the regulator. China’s express delivery companies’ business volume fell by 11.9% in April from a year earlier to 7.48 billion units, and revenue fell by 10.1% to 74 billion yuan. In May and June, business volume grew by 0.2% and 5.4%, respectively, while revenue grew by 0.9% and 2.9%.
In Shanghai, which was hit by Covid-19 outbreaks and imposed a two-month lockdown in Spring, express delivery business volume slid by 35.2% on year in the first half to 1.18 billion units, while revenue fell 9.3% to 86.8 billion yuan.