(Yicai Global) Nov. 19 -- Shares in many China's delivery companies rose this morning after the publication of their October performance data last night, which was mostly positive.
As of 10.25 a.m., China's biggest non-state-owned courier SF Holding [SHE:002352] was up 1.46 percent at CNY39.50 (USD5.62) after earning delivery revenue of nearly CNY9 billion (USD1.3 billion) in October, up 24.5 percent from the year-ago period. It delivery 48.5 percent more parcels, 438 million, though single-parcel revenue fell 16 percent to CNY20.51.
Yunda Holding shares [SHE:002120] were up 2.3 percent at CNY32.55 as of the same time after the firm announced October revenue from mail services became two and a half times larger this year, reaching CNY2.8 billion. It delivered 865 million packages, up 30.3 percent, and earned CNY3.24 per parcel delivered, almost doubling from a year earlier.
YYO Express [SHA:600233] was trading at CNY12.59, up 1.21 percent following a 16 percent October revenue gain to CNY2.4 billion. It sent 861 million parcels, up 36.9 percent, but per-parcel revenue fell 10.3 percent to CNY2.79.
STO Express shares [SHE:002468] were down 0.05 percent at CNY18.58 despite revenue from deliveries rising 19.4 percent to CNY2 billion. Number of parcels delivered grew 37.4 percent to 702 million, but income per parcel fell 13.23 percent to CNY2.82.