IMA RESEARCH FLOW

ZTO 时间线

更新标记:2026-06-15 | 按主题与实体时间线组织机构观点
公用事业、交运与建筑建材

快递行业价格战趋缓,单票收入回升,关注中通与京东物流

快递行业价格战缓和,单票收入企稳回升,龙头公司利润修复可期。

J.P. Morgan | 摩根大通-中国物流、快递与电商:全球中国峰会要点及4月数据 J.P. Morgan-China Logistics, Express Parcel and Ecommerce:Global China Summit takeaways and April data:pricing power holds, ASP rises, e~commerce momentum decelerates-260601.pdf
公用事业、交运与建筑建材

**快递行业单价持续回升,监管护航高质量发展,龙头公司战略分化(J.P. Morgan)**

| J.P. Morgan-China Logistics, Express Parcel and Ecommerce:March data highlight sustained ASP recovery, slower volume growth, reinforcing sector discipline; stay broadly positive-260426.pdf