[STO Express: The "anti-involution" in the express delivery industry is expected to continue] On October 25th, STO Express stated at the performance briefing on October 25 that the core of this round of "anti-involution" is to prohibit vicious price wars below cost. Price fluctuations between off-peak and peak seasons are caused by the influence of e-commerce promotion rhythms, holidays and product structure, and are normal price fluctuations. After the off-season from July to August, the collection prices in some core express delivery areas have recovered since September, with prices rebounding from July to August. Looking forward to the future, as the growth rate of the industry's piece volume slows down and rigid costs such as fuel increase, the "anti-involution" of the express delivery industry is expected to continue and gradually evolve into the industry's long-term high-quality development consensus. (Securities Times)