TacticScaleWhat Yunda Holding (韵达股份) Does & How It Makes Money (002120.SZ)
Updated October 2026 · reflects Yunda Holding's latest reported financials
Major Chinese express parcel delivery company based in Shanghai. It earns most of its revenue from express parcel delivery and transshipment fees, largely from e-commerce shipping.
How Yunda Holding makes money
It earns most of its revenue from express parcel delivery and transshipment fees, largely from e-commerce shipping. Extra income comes from value-added delivery services, warehousing and supply chain solutions, and sales of packaging materials and equipment.
What Yunda Holding does
Yunda Holding Group, founded in 1996 and headquartered in Shanghai, is one of China's express delivery operators. Its core business covers the whole parcel chain: collection, sorting, transfer and delivery. It also provides warehousing and distribution for businesses, plus value-added services such as cash on delivery, insured shipments, store transfer, signed receipt return, reverse logistics, privacy waybills and scheduled delivery. Beyond express delivery, the company has a long list of related activities. These include selling packaging materials, equipment and petroleum products, freight forwarding and road transport, supply chain management, technology development in automation and IoT, property leasing and investment management. The company changed its name from YUNDA Holding Co., Ltd. to Yunda Holding Group Co., Ltd. in November 2024.
Products & services
- Yunda Express parcel delivery
- Transshipment and sorting services
- Warehousing and distribution solutions
- Cash on delivery and insured delivery
- Reverse logistics and signed receipt return
- Scheduled delivery and privacy waybill
韵达股份是做什么的？
韵达控股集团成立于1996年，总部位于上海，是中国的快递服务企业之一。核心业务覆盖包裹的揽收、分拣、中转和派送全流程，同时为上下游客户提供仓储与配送解决方案，并提供代收货款、保价、转寄、签单返还、逆向物流、隐私面单和定时派送等增值服务。 除快递主业外，公司还涉及包装材料、设备及成品油销售、货运代理与道路运输、供应链管理、自动化与物联网技术研发、房屋租赁和投资管理等业务。公司于2024年11月由韵达控股股份有限公司更名为韵达控股集团股份有限公司。
What is Yunda Holding worth?
On an owner-earnings DCF, Yunda Holding's most-likely value is about ¥4 versus a recent price near ¥7 (89% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥2) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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