Financial Data and Key Metrics Changes - The company's parcel volume reached 13.99 billion parcels, a year-on-year increase of 27% [7] - Revenue increased to $5.5 billion, representing a year-on-year growth of 13% [19] - Adjusted net profit rose to $156 million, a significant year-on-year increase of 147% [27] - Gross profit margin declined from 11% to 9.8% due to competitive pressures in the Chinese market [19] Business Line Data and Key Metrics Changes - In Southeast Asia, parcel volume reached 3.23 billion parcels, a year-on-year increase of 58%, with revenue growing by 29.6% to $2 billion [8][20] - In China, parcel volume increased to 10.6 billion parcels, a year-on-year growth of 20%, but revenue per parcel decreased from $0.34 to $0.30 [11][23] - New markets saw parcel volume reach 170 million parcels, a year-on-year increase of 22%, achieving positive EBITDA for the first time [14][25] Market Data and Key Metrics Changes - Southeast Asia's market share increased to 32.8%, up by 5.4 percentage points year-on-year [8] - The Chinese market's share rose slightly to 11.1%, with revenue growing by 4.6% to $3.1 billion [11][23] - New markets accounted for a significant turnaround, with revenue increasing by 24.3% year-on-year [25] Company Strategy and Development Direction - The company focuses on continuous cost reduction and developing non-ecommerce platform customers to enhance profitability [9][11] - Plans to replicate cost reduction strategies from China to Southeast Asia and new markets [15] - Emphasis on investing in network capacity and automation to improve operational efficiency [25][92] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges from geopolitical conflicts and trade uncertainties but highlighted resilience and growth in Southeast Asia [6] - The company is optimistic about future growth in Latin America, expecting it to become a key growth engine [15][36] - Management noted the importance of adapting to market conditions and maintaining competitive pricing strategies [34][50] Other Important Information - The company achieved a strong cash flow, with net cash flow from operating activities amounting to $421 million [28] - Total cash and cash equivalents reached $1.7 billion as of June 30, 2025 [29] Q&A Session Summary Question: Impact of domestic policy on earnings and performance in Latin America - Management noted price recovery in certain provinces due to anti-involution policies, which may improve earnings [33] - The Latin American market is expected to grow further, supported by partnerships with key players like TikTok and MercadoLibre [36] Question: Update on non-ecommerce platform businesses and operational capacity in Southeast Asia - Non-ecommerce business is growing but at a slower rate than ecommerce parcels; it currently accounts for less than 10% of total parcels [41] - Capacity in Southeast Asia is sufficient to handle current volume growth, with plans for continued investment in capacity [45] Question: Cost reduction potential and market share expansion in Southeast Asia - The company aims to reduce costs further and improve efficiencies through various strategies [50] - Southeast Asia's e-commerce market is expected to grow significantly, and the company plans to enhance its market share [57] Question: Unit economics guidance and franchise model adoption - The company maintains stable EBIT per parcel and aims to balance growth with pricing strategies [70] - The franchise model is being implemented across Southeast Asia, with 30% of the network run by partners [74] Question: Cooperation with MercadoLibre and AI technologies - Collaboration with MercadoLibre is progressing well, with significant potential for growth [88] - The company is piloting autonomous delivery vehicles and deploying automated sorting equipment to enhance efficiency [90][92]

（原标题：极兔速递2025上半年经调整净利润同比大增147.1% 东南亚市占率同比飙升5.4个百分点至 32.8% 新市场经调整EBITDA首次转正） 中国市场持续盈利 客户结构趋向改善 期内，极兔在中国的市场份额稳中有升，包裹量同比增长20.0%至106.0亿件。按包裹量计，极兔在中国 的市场占有率增长至11.1%。包裹量的增长主要得益于公司深化与各大电商平台的合作，提升服务质量 以增强客户黏性，并积极开拓下沉市场及助农项目。公司亦与电商平台合作开展香港地区的集运业务， 以高效服务将平台商品销往香港，拓展公司的业务足迹。 客户结构方面，极兔积极与产业客户深度合作，重点发掘优质客户共同成长。期内，公司主动执行客户 置换，积极引入优质品牌客户，品牌客户的包裹量增速明显。例如极兔广州云仓成功为美妆大客户提供 专业仓储与定制化物流方案，助其精准应对市场挑战，拓展新蓝海。 香港，2025年8月29日 —— 全球物流服务运营商极兔速递环球有限公司(简称"极兔速递"或"极兔"或"公 司"，股票代码：01519)公布2025年中期业绩。上半年，极兔凭借在各市场的强劲业务增长和运营的持 续优化，实现稳健的财务表现。随着业务量 ...

公司2025年上半年单票收入为0.30美元，同比下滑13%。极兔在财报中提到，2025年上半年快递行业竞 争激烈，行业价格持续下调，公司随行就市在不同区域动态进行价格调整，以维持竞争力。财报同时披 露，极兔新市场首次实现EBITDA（税息折旧及摊销前利润）转正。 （文章来源：每日经济新闻） 每经北京8月29日电（记者赵雯琪）极兔速递今日公布2025年中期业绩。财报显示，极兔上半年总收入 为55亿美元，同比增长13.1%；经调整净利润为1.6亿美元，同比增长147.1%。上半年完成总包裹量 139.9亿件，同比增长27%，其中东南亚包裹量同比增长57.9%，市场份额提升5.4个百分点至32.8%；中 国市场市占率为11.1%。 ...

智通财经APP获悉，8月29日，极兔速递-W(01519)公布2025年中期业绩。上半年，极兔凭借在各市场的 强劲业务增长和运营的持续优化，实现稳健的财务表现。随着业务量的强劲增长，东南亚和新市场的收 入贡献持续提升，上半年公司总收入达到55.0亿美元，同比增长13.1%。其中，核心业务快递服务收入 为53.4亿美元，同比增长12.7%。 公司各项业务指标持续向好，净利润录得8,893.2万美元，相较去年同期的3,102.6万美元，同比大幅飙升 186.6%。经调整净利润为1.6亿美元，同比增长147.1%。经调整EBITDA达到4.4亿美元，同比增长 24.2%；经调整EBIT达到2.0亿美元，同比增长65.4%，展现出公司强劲且可持续的盈利能力。 上半年，极兔总包裹量同比增长27.0%至139.9亿件，各市场规模持续扩张。其中，东南亚市场包裹量同 比飙升57.9%至32.3亿件，市场份额大幅增长至32.8%；中国市场包裹量同比增长20.0%至106.0亿件；新 市场（包括沙特阿拉伯、阿联酋、墨西哥、巴西及埃及）包裹量同比增长21.7%至1.7亿件。 极兔速递首席财务官郑世强表示："2025年上半年，公司在 ...

公司2025年上半年单票收入为0.30美元，同比下滑13%。极兔在财报中提到，2025年上半年快递行业竞 争激烈，行业价格持续下调，公司随行就市在不同区域动态进行价格调整，以维持竞争力。财报同时披 露，极兔新市场首次实现EBITDA（税息折旧及摊销前利润）转正。 每经北京8月29日电（记者赵雯琪）极兔速递今日公布2025年中期业绩。财报显示，极兔上半年总收入 为55亿美元，同比增长13.1%；经调整净利润为1.6亿美元，同比增长147.1%。上半年完成总包裹量 139.9亿件，同比增长27%，其中东南亚包裹量同比增长57.9%，市场份额提升5.4个百分点至32.8%；中 国市场市占率为11.1%。 ...

Business Overview - J&T Global Express covers 13 countries, holding leading positions in Southeast Asia and China, with successful expansion into Latin America and the Middle East[7] - The company has 239 sorting centers, over 12,200 line-haul vehicles, and 337 sorting machines[7] - The e-commerce retail transaction value in Southeast Asia is projected to reach $292 billion in 2025 and $572 billion in 2029, with a CAGR of 18%[10] - China's e-commerce retail transaction value is expected to be $2310 billion in 2025 and $3039 billion in 2029, with a CAGR of 7%[10] - New Markets' e-commerce retail transaction value is projected to reach $164 billion in 2025 and $329 billion in 2029, with a CAGR of 19%[10] Financial Performance - Group revenue from express delivery reached $10 billion in 2024, a 23% increase year-over-year from $81 billion in 2023[29] - China's adjusted EBIT turned profitable for the first time, reaching $147 million in 2024 compared to a loss of $236 million in 2023[29] - Group adjusted net profit turned positive for the first time, reaching $200 million in 2024 compared to a loss of $432 million in 2023[29] - Group adjusted EBITDA increased by 431% year-over-year, reaching $778 million in 2024 from $147 million in 2023[29] - SEA adjusted EBIT increased by 49% year-over-year, reaching $303 million in 2024 from $203 million in 2023, with an adjusted EBIT margin of 94%[29] Market Position and Growth - J&T ranked first in Southeast Asia for 5 consecutive years, with a market share of 286% in 2024[14] - The company's parcel volume growth rate in 2024 was 41% in Southeast Asia, 29% in China, and 22% in New Markets[14] - China's market share increased to 113% in 2024[14]

责任编辑：李芊蔚 极兔速递首席财务官郑世强表示："2025年上半年，公司在多变的宏观环境下，依然取得了稳健的业绩 增长。我们的总收入和盈利能力均实现了显著提升，这得益于我们在13个市场的包裹量增长及精细化运 营。我们在东南亚市场的市场领导地位进一步巩固，收入和盈利能力均实现高速增长。在中国，尽管面 对行业激烈的价格竞争，我们通过持续的成本优化和服务升级，保持了包裹量的稳健增长和业务的利润 韧性。令人鼓舞的是，我们的新市场成功实现经调整EBITDA扭亏为盈，证明了我们全球化战略的有效 性和可持续性。"（罗宁） 新浪科技讯 8月29日下午消息，极兔速递公布2025年中期业绩，上半年公司总收入达到55.0亿美元，同 比增长13.1%。其中，核心业务快递服务收入为53.4亿美元，同比增长12.7%。净利润录得8893.2万美 元，相较去年同期的3，102.6万美元，同比大幅飙升186.6%。经调整净利润为1.6亿美元，同比增长 147.1%。经调整EBITDA达到4.4亿美元，同比增长24.2%；经调整EBIT达到2.0亿美元，同比增长 65.4%。 上半年，极兔总包裹量同比增长27.0%至139.9亿件，各市场规模 ...

2025年上半年，公司共计处理139.9亿个包裹，较2024年上半年的110.1亿个包裹增长了27.0%。截至 2025年6月30日，公司拥有约19,200个网点，运营着239个转运中心，配备了337套自动化分拣设备，运 营着超过12,100辆干线车辆，其中包括超6,800辆自有干线车辆。2025年上半年公司在各市场均取得突破 式进展，东南亚增长与盈利双丰收，中国在激烈价格竞争中维持韧性，新市场首次实现EBITDA转正， 在公司健康、长久的发展中，取得了阶段式的进步。2025年上半年公司共计处理139.9亿件包裹，同比 增长27.0%；实现收入549.8亿美元，同比增长13.1%；实现经调整净利润1.56亿美元，同比增长 147.1%。 极兔速递-W(01519.HK)：上半年经调整净利润1.56亿美元 同比增长147.1% 极兔速递-W(01519.HK)将于 8月29日召开董事会会议以审批中期业绩 相关事件 格隆汇8月29日丨极兔速递-W(01519.HK)发布公告，截至2025年6月30日止六个月，实现收益54.99亿美 元，同比增加13.1%，其中，快递服务收入达到53.41亿美元，同比增加12.7% ...

在中国，2025年上半年包裹量达106.0亿件，同比增长达20.0%;市场份额拓展至11.1%，同比提升0.1个百 分点;市场排名提升至第5名，市场地位持续稳固。2025年上半年，中国快递行业价格竞争激烈，公司在 压力中坚持做「难而正确」的事情，持续优化客户结构，进行精细化运营管理，抵消部分收入下行的压 力，维持利润韧性。 截至2025年6月30日，公司拥有约19,200个网点，运营着239个转运中心，配备了337套自动化分拣设 备，运营着超过12,100辆干线车辆，其中包括超6,800辆自有干线车辆。 极兔速递-W(01519)公布2025年中期业绩，共计处理139.9亿件包裹，同比增长27.0%;实现收入约54.99亿 美元，同比增长13.1%;毛利约5.386亿美元，同比增长0.5%;经调整利润净额约1.56亿美元，同比增长 147.1%;公司拥有人应占溢利8636.5万美元，同比增长213.4%;每股基本盈利1美分。 2025年上半年公司在各市场均取得突破式进展，东南亚增长与盈利双丰收，中国在激烈价格竞争中维持 韧性，新市场首次实现EBITDA转正，在公司健康、长久的发展中，取得了阶段式的进步。 在东 ...

Core Insights - Jitu Express (01519) reported a total of 13.99 billion packages processed in the first half of 2025, representing a year-on-year growth of 27.0% [1] - The company achieved revenue of approximately $5.499 billion, a year-on-year increase of 13.1%, with a gross profit of about $538.6 million, reflecting a growth of 0.5% [1] - Adjusted net profit reached approximately $156 million, marking a significant year-on-year increase of 147.1%, while profit attributable to owners was $86.4 million, up 213.4% [1] Group 1: Southeast Asia Performance - In Southeast Asia, the number of packages reached 3.23 billion, showing a remarkable year-on-year growth of 57.9% [2] - Market share expanded to 32.8%, an increase of 5.4 percentage points, maintaining the industry-leading position for six consecutive years [2] - Adjusted EBIT in this region was $234.6 million, a year-on-year increase of 74.0%, with adjusted EBIT per package remaining at $0.07 [2] Group 2: China Market Dynamics - In China, the company processed 10.6 billion packages in the first half of 2025, achieving a year-on-year growth of 20.0% [2] - Market share increased to 11.1%, up by 0.1 percentage points, with the company ranking 5th in the market [2] - Despite intense price competition, the company focused on optimizing customer structure and fine-tuning operational management to maintain profit resilience [2] Group 3: New Market Developments - In new markets, the company processed 170 million packages, reflecting a year-on-year growth of 21.7% [3] - Market share in these regions grew to 6.2%, an increase of 0.1 percentage points [3] - The company achieved a significant milestone by turning adjusted EBITDA positive for the first time in new markets, with a notable reduction in adjusted EBIT losses [3]