On September 22, J&T EXPRESS-W fell 3.06% in regular trading, trading at HKD 8.835 per share, with turnover of approximately HKD 35.45 million. The decline came amid a confluence of regulatory headwinds and reputational setbacks.
On the news front, the Hebei Provincial Postal Administration conducted an administrative reprimand of J&T Express on September 17, citing deficiencies in safety assurance, service quality, and unified management of business processes. The regulator demanded stricter safety hazard rectification, improved service standards, and enhanced compliance. This followed an earlier investigation launched by the National Postal Bureau over repeated safety incidents at facilities operating under the J&T brand. Meanwhile, a viral incident in which a J&T courier was accused of spitting on a customer's food delivery package drew widespread public attention, adding further pressure to the company's brand image.
Within the Air Freight & Logistics sector, broader weakness was also evident. ZTO EXPRESS-W fell 4.63%, SINOTRANS declined 1.63%, and SF INTRA-CITY dropped 1.37%, while JD LOGISTICS edged up 0.1% and SF HOLDING gained 0.07%.
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