Chinese express industry has reached the stage of high-quality development
YTO Express Group Co., Ltd.(Chinese: 圆通快递, 600233:SH) released its 2022 annual earnings report on January 9.
The report shows that the total revenue of YTO Express for 2022 was CNY 53.546 billion, an increase of 18.58% year-on-year, and the net profit attributable to shareholders of the listed company was CNY 3.92 billion, an increase of 86.34% year-on-year. Net profit attributable to shareholders of listed companies was CNY 3.775 billion, up 82.71% year-on-year.
YTO Express is one of the leading integrated express logistics operators in China, providing a range of express services such as warehousing, distribution and special transportation around customer needs with express services as its core.
YTO Express is firmly focused on its main business of express delivery, promoting comprehensive digital transformation and strengthening core competencies, which has significantly enhanced its product pricing capability. At the same time, the Company has actively promoted the digitalization and standardization of the entire network as a whole to effectively cope with the impact of frequent epidemics and other factors, and has steadily improved the comprehensive strength and profitability of its express delivery network. As of the end of the reporting period, the Company's total assets reached CNY 39.269 billion.
Regarding the rapid growth of operating results, the announcement shows that the increase in operating profit and total profit data during the reporting period is mainly due to the improvement of product pricing ability and business volume growth, and the stable and positive operating environment, with an increase or decrease of more than 30%.
As of press time, YTO Express closed at CNY 20.36 apiece, with a market cap of CNY 70.07 billion.