格隆汇8月29日｜极兔速递上半年总营收54.99亿美元，同比增加13.1%；毛利为5.39亿美元，同比增加 0.5%；经调整净利润1.56亿美元，同比增长147.1%。 ...

每经AI快讯，8月29日，极兔速递公告，上半年总营收54.99亿美元，同比增加13.1%；毛利为5.39亿美 元，同比增加0.5%；经调整净利润1.56亿美元，同比增长147.1%。 ...

Financial Data and Key Metrics Changes - The company's total revenue increased by 13.1% year on year, from $4.9 billion in 2024 to $5.5 billion in 2025 [21] - Adjusted net profit reached $156 million in 2025, representing a 147% increase from $63 million in the first half of last year [30] - Gross profit margin declined from 11% to 9.8% due to competitive pressures in the China market [21] Business Line Data and Key Metrics Changes - In Southeast Asia, revenue increased by 29.6% year on year, from $1.5 billion in 2024 to $2 billion in 2025 [22] - In China, revenue grew by 4.6% year on year to $3.1 billion, with revenue per parcel decreasing from $0.34 to $0.30 [25] - New markets achieved a revenue increase of 24.3% year on year, from $292 million in 2024 to $362 million in 2025 [28] Market Data and Key Metrics Changes - The parcel volume in Southeast Asia reached 3.23 billion parcels, a year on year increase of 58% [10] - In China, parcel volume reached 10.6 billion parcels, representing a year on year increase of 20% [13] - New markets saw parcel volume reach 170 million parcels, a year on year increase of 22% [15] Company Strategy and Development Direction - The company aims to focus on continuous cost reduction and developing non-ecommerce platform customers to enhance profitability [12] - The strategy includes leveraging automation and digitalization to improve operational efficiency and customer experience [17] - The company plans to maintain its strategic position as a third-party logistics provider in Latin America, capitalizing on the growth of e-commerce platforms [40] Management's Comments on Operating Environment and Future Outlook - The management highlighted the challenges posed by geopolitical conflicts and uncertainties in international trade policies [7] - There is optimism regarding the growth potential in Southeast Asia and new markets, with expectations for continued parcel volume growth [17] - The management noted that the anti-involution policy in China may lead to price recovery and improved earnings in the future [37] Other Important Information - The company achieved adjusted EBITDA breakeven in new markets for the first time, indicating improved operational efficiency [28] - The company has deployed over 900 autonomous delivery vehicles to enhance last-mile delivery efficiency [95] - The total cash balance as of June 30, 2025, was $1.7 billion, indicating strong cash generation capabilities [32] Q&A Session Summary Question: Thoughts on domestic policy and its impact on earnings - Management noted that price recovery has been observed in certain provinces due to anti-involution policies, which may lead to improved earnings [37] Question: Outlook for Latin American market performance - Management expressed optimism about the growth potential in Latin America, citing successful partnerships and a significant increase in parcel volume [40] Question: Update on non-ecommerce platform businesses in Southeast Asia - Management confirmed ongoing development of non-ecommerce customers, which, while growing slower than e-commerce parcels, contribute higher margins [45] Question: Capacity to handle strong volume growth in Southeast Asia - Management stated that current capacity can handle over 30 million parcels daily, with plans for continued upgrades to meet future demand [49] Question: Cost reduction and efficiency improvements - Management highlighted ongoing efforts to reduce costs through fleet expansion, automation, and network optimization [55] Question: Growth expectations and market expansion plans - Management indicated that the e-commerce market in Southeast Asia is expected to grow rapidly, and they are evaluating potential new markets for expansion [63] Question: Cooperation with MercadoLibre - Management shared that collaboration with MercadoLibre is progressing well, with significant potential for future growth [92] Question: Initiatives for embracing AI technologies - Management mentioned ongoing deployment of autonomous delivery vehicles and plans to localize automated sorting equipment in new markets [96]

Financial Data and Key Metrics Changes - The company's parcel volume reached 13.99 billion parcels, a year-on-year increase of 27% [8] - Revenue increased to $5.5 billion, representing a year-on-year growth of 13% [8] - Adjusted net profit rose to $160 million, a significant year-on-year increase of 147% [8][30] - Gross profit margin declined from 11% to 9.8% due to competitive pressures in the China market [21] 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 market share rising to 32.8% [9] - Revenue in Southeast Asia increased by 29.6% year-on-year to $2 billion, with adjusted EBIT growing by 74% [22] - In China, parcel volume reached 10.6 billion parcels, a year-on-year increase of 20%, but revenue per parcel decreased to $0.30 [13][25] - New markets saw parcel volume increase to 170 million parcels, a year-on-year growth of 22%, achieving positive EBITDA for the first time [15][27] Market Data and Key Metrics Changes - Southeast Asia's market share increased by 5.4 percentage points year-on-year, solidifying the company's leadership position [9] - The new markets segment achieved a significant turnaround, with a market share increase of 6.2% [15] Company Strategy and Development Direction - The company focuses on continuous cost reduction and developing non-ecommerce platform customers to enhance profitability [11] - Plans to replicate China's cost reduction experience in Southeast Asia and new markets [16] - Emphasis on investing in network capacity and automation to improve operational efficiency [16][28] Management's Comments on Operating Environment and Future Outlook - The global economic environment remains volatile, with geopolitical conflicts and trade uncertainties posing challenges [7] - Management expressed confidence in future growth, particularly in Southeast Asia and Latin America, driven by strong local partnerships [16][39] - The company aims to maintain a long-term focus on value creation amidst competitive pressures [17] Other Important Information - The company achieved a strong cash flow, with net cash flow from operating activities amounting to $421 million, an increase of 21.8% [30][32] - Total cash and cash equivalents reached $1.7 billion as of June 30, 2025 [32] 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 [36] - The Latin American market is expected to grow further, supported by partnerships with platforms like TikTok and MercadoLibre [39] Question: Update on non-ecommerce platform businesses and operational capacity in Southeast Asia - Non-ecommerce business accounts for less than 10% of total parcels but contributes higher margins [44] - Current capacity in Southeast Asia can handle over 30 million parcels daily, with ongoing investments in capacity expansion [47] Question: Cost reduction potential and market share expansion plans - Transportation and sorting costs per parcel have decreased, with ongoing efforts to further reduce costs [51] - The company is evaluating potential new markets for expansion, with a focus on maintaining leadership in Southeast Asia [60] Question: Unit economics guidance and franchise model adoption - The company aims to balance parcel volume growth with ASP strategy, maintaining stable EBIT per parcel [72] - The network partner model is being implemented across Southeast Asia, with 30% of the network run by partners [77] Question: Cooperation with MercadoLibre and AI technology initiatives - Collaboration with MercadoLibre is progressing well, with significant potential for growth [90] - The company has deployed over 900 autonomous delivery vehicles in China, enhancing last-mile delivery efficiency [94]

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]