Core Insights - The article discusses the 2024 salary rankings of directors from Hong Kong-listed companies, published by David Webb's financial website Webb-site, highlighting the total remuneration of the top 1000 directors [1] Group 1: Salary Rankings - A total of 31 directors received over HKD 100 million in remuneration for 2024 [3] - Li Xiang, founder and CEO of Li Auto, topped the list with a total remuneration of approximately HKD 679.78 million [3] - Wang Xuning, CEO of JS Global Lifestyle, ranked second with about HKD 520.51 million, while Li Jie, founder of Jitu Express, was third with around HKD 518.82 million [3][5] Group 2: Notable Directors - Other notable directors in the top ten include Liu Qiangdong of JD Group (approximately HKD 448.81 million), Peng Yongdong of Beike (approximately HKD 426.19 million), and Zhu Weisong of Bruker (approximately HKD 382.51 million) [5] - The list also features Shan Yigang, Chen Rui, Han Run, and Ho Yau Lung among the top ten highest-paid directors [5] Group 3: Li Xiang's Compensation Structure - Li Xiang's reported 2024 compensation structure includes a salary and benefits of RMB 2.67 million, retirement plan contributions of RMB 160,000, and share-based payment expenses of RMB 636.31 million, totaling RMB 639.13 million [6] - The reported figure of RMB 639.13 million is primarily due to stock-based compensation, which is not equivalent to actual cash received by Li Xiang [7] - Li Xiang's actual cash salary is significantly lower, at RMB 2.66 million, as the stock rewards are contingent upon meeting specific performance targets [7]

作为东南亚市占居首位的快递公司，极兔第三季度在东南亚市场业务保持了强势的增长，实现包裹量20 亿件，同比增长78.7%；日均包裹量2,170万件。截至2025年9月底止，东南亚网点数量达到10,700个， 较去年底增加900个。同时受东南亚市场包裹量快速增长的的影响，干线车辆的需求也进一步提升，第 三季度东南亚干线车辆数量较去年底增加900辆至5,500辆。 东南亚市场同比增长78.7%，新市场增长47.9%突破亿件 在竞争激烈的中国市场，第三季度公司实现包裹量55.8亿件，同比保持双位数增长达10.4%；日均包裹 量6,060万件。新市场（包括沙特阿拉伯、阿联酋、墨西哥、巴西及埃及）方面，极兔第三季度实现包 裹量1.04亿件，同比升47.9%；日均包裹量113万件。 来源：美通社 香港2025年10月14日 /美通社/ -- 全球物流服务运营商极兔速递 (1519.HK)公布2025年第三季度主要经营 数据。截至2025年9月30日止之第三季度，公司总体实现包裹量约76.8亿件，同比增长23.1%；日均包裹 量8,340万件，各主要市场均实现双位数增长，其中东南亚及新市场增长尤为迅猛。 ...

作为东南亚市占据首位的快递公司，极兔第三季度在东南亚市场业务保持了强势的增长，实现包裹量20 亿件，同比增长78.7%；日均包裹量2170万件。截至2025年9月底，东南亚网点数量达到10700个，较去 年底增加900个。同时受东南亚市场包裹量快速增长的影响，干线车辆的需求也进一步提升，第三季度 东南亚干线车辆数量较去年底增加900辆至5500辆。 在竞争激烈的中国市场，第三季度极兔实现包裹量55.8亿件，同比保持双位数增长达10.4%；日均包裹 量6060万件。新市场（包括沙特阿拉伯、阿联酋、墨西哥、巴西及埃及）方面，极兔第三季度实现包裹 量1.04亿件，同比上升47.9%；日均包裹量113万件。 （文章来源：证券日报） 本报讯 （记者袁传玺）10月14日，全球物流服务运营商极兔速递环球有限公司（以下简称"极兔"， 1519.HK）公布2025年第三季度主要经营数据。2025年第三季度，极兔总体实现包裹量约76.8亿件，同 比增长23.1%；日均包裹量8340万件，各主要市场均实现双位数增长，其中东南亚及新市场增长尤为迅 猛。 ...

Core Insights - J&T Express reported a significant increase in parcel volume for Q3 2025, reaching approximately 7.68 billion parcels, a year-on-year growth of 23.1% [1] - The company maintains a strong position in the Southeast Asian market, with parcel volume reaching 2 billion, reflecting a remarkable year-on-year growth of 78.7% [1] - The new markets, including Saudi Arabia, UAE, Mexico, Brazil, and Egypt, also showed substantial growth, with parcel volume increasing by 47.9% to 10.4 million [1] Southeast Asia Market Performance - J&T Express achieved a parcel volume of 2 billion in Southeast Asia, with a daily average of 21.7 million parcels [1] - The number of operational outlets in Southeast Asia reached 10,700, an increase of 900 outlets since the end of the previous year [1] - The demand for trunk vehicles in Southeast Asia rose, with the number of vehicles increasing by 900 to a total of 5,500 [1] China Market Performance - In the Chinese market, J&T Express reported a parcel volume of 5.58 billion, maintaining a double-digit growth rate of 10.4% year-on-year [1] - The daily average parcel volume in China was recorded at 60.6 million [1] New Markets Performance - The new markets segment achieved a parcel volume of 10.4 million, with a year-on-year increase of 47.9% [1] - The daily average parcel volume in these new markets was 1.13 million [1]

在竞争激烈的中国市场，第三季度公司实现包裹量55.8亿件，同比保持双位数增长达10.4%；日均包裹 量6,060万件。新市场(包括沙特阿拉伯、阿联酋、墨西哥、巴西及埃及)方面，极兔第三季度实现包裹量 1.04亿件，同比升47.9%；日均包裹量113万件。 来源：微信公众号.棘极兔节拍 作为东南亚市占居首位的快递公司，极兔第三季度在东南亚市场业务保持了强势的增长，实现包裹量20 亿件，同比增长78.7%；日均包裹量2,170万件。截至2025年9月底止，东南亚网点数量达到10,700个， 较去年底增加900个。同时受东南亚市场包裹量快速增长的的影响，干线车辆的需求也进一步提升，第 三季度东南亚干线车辆数量较去年底增加900辆至5,500辆。 香港，2025年10月14日 ——全球物流服务运营商极兔速递 (1519.HK)公布2025年第三季度主要经营数 据。截至2025年9月30日止之第三季度，公司总体实现包裹量约76.8亿件，同比增长23.1%；日均包裹量 8,340万件，各主要市场均实现双位数增长，其中东南亚及新市场增长尤为迅猛。 ...

消息面上，极兔速递公布2025年第三季度主要经营数据。截至2025年9月30日止第三季度，公司总体实 现包裹量约76.8亿件，同比增长23.1%；日均包裹量8340万件，各主要市场均实现双位数增长，其中东 南亚及新市场增长尤为迅猛。极兔第三季度在东南亚市场业务保持了强势的增长，实现包裹量20亿件， 同比增长78.7%；日均包裹量2170万件。 在中国市场，第三季度公司实现包裹量55.8亿件，同比保持双位数增长达10.4%；日均包裹量6060万 件。新市场(包括沙特阿拉伯、阿联酋、墨西哥、巴西及埃及)方面，极兔第三季度实现包裹量1.04亿 件，同比升47.9%；日均包裹量113万件。 极兔速递-W(01519)涨超3%，截至发稿，涨3.71%，报10.07港元，成交额9862.5万港元。 ...

Financial Data and Key Metrics Changes - The company reported a parcel volume of 468 million pieces in Q3 2025, representing a 31.8% increase year-on-year and a total year-on-year increase of 25.6% for the first nine months [2][3] - The gross market in Southeast Asia and China saw significant growth, with South Asia experiencing a year-on-year increase of 78.7% for the first nine months, totaling 586 million pieces [2][3] - In China, the parcel volume reached 5.85 billion pieces in Q3, marking a year-on-year increase of 47% [3][4] Business Line Data and Key Metrics Changes - The e-commerce platform customers have increased their investments, driving rapid growth in business volume through promotional activities [3] - Non-platform shipments are also growing, contributing to order volume, although they account for less than 10% of total shipments [3] - The company achieved a year-on-year increase of 67% in new markets, with 270 billion pieces of parcels processed [4] Market Data and Key Metrics Changes - The South Asian market has shown strong growth, with a 63% increase in parcel volume [2] - Brazil has seen strong growth due to new customer entries, while Mexico faces challenges due to increased tariffs [4][10] - The overall industrial growth in China has slowed down, with a 12% decrease noted in August and September [11] Company Strategy and Development Direction - The company aims to maintain a growth guidance of 40% in new markets, with Brazil performing particularly well [10] - The strategy includes focusing on high-quality customers and optimizing operational efficiency in emerging markets [25][44] - The company is positioning itself to take advantage of the consolidation in the express delivery market as competitors withdraw [3][19] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about maintaining growth momentum in South Asia, expecting Q4 growth to exceed initial guidance [7][8] - The company is cautious about profitability in the second half of the year due to industry price increases and cost pressures [11][42] - The management views the China market as a training ground for operational efficiency and talent recruitment, aiming for sustainable growth [25][44] Other Important Information - The company does not disclose quarterly financial figures, maintaining guidance provided in August [5] - The logistics index has improved, enhancing the brand image among high-quality customers [4] Q&A Session Summary Question: Growth trend in South Asia and profitability expectations - Management expects growth in South Asia to continue exceeding guidance, with a competitive market dynamic making precise predictions challenging [7][8] Question: Impact of price increases in China - Price increases have led to a slowdown in parcel volume growth, particularly affecting low-margin customers, while high-end customers remain less sensitive to price changes [34][42] Question: Future potential in South Asia and emerging markets - Management is confident in maintaining growth momentum in South Asia, with ongoing investments in operational capabilities [36][38] Question: Strategy adjustments in China - The company plans to focus on high-quality customers and improve profitability, viewing the current market as a learning opportunity [25][44]

Core Insights - The company reported a total parcel volume of approximately 7.68 billion for Q3 2025, representing a year-on-year growth of 23.1% [1] - The average daily parcel volume reached 83.4 million, with all major markets experiencing double-digit growth, particularly in Southeast Asia and new markets [1] Southeast Asia Market Performance - As the leading express delivery company in Southeast Asia, the company achieved a parcel volume of 2 billion in this region for Q3, marking a significant year-on-year increase of 78.7% [1] - The average daily parcel volume in Southeast Asia was 21.7 million [1] - The number of service points in Southeast Asia reached 10,700 by the end of September 2025, an increase of 900 from the end of the previous year [1] - The demand for trunk vehicles in Southeast Asia also rose, with the number of vehicles increasing by 900 to 5,500 [1] Performance in China - In the competitive Chinese market, the company reported a parcel volume of 5.58 billion for Q3, maintaining a year-on-year growth of 10.4% [1] - The average daily parcel volume in China was 60.6 million [1] New Market Expansion - In new markets, including Saudi Arabia, UAE, Mexico, Brazil, and Egypt, the company achieved a parcel volume of 10.4 million in Q3, reflecting a year-on-year increase of 47.9% [1] - The average daily parcel volume in these new markets was 1.13 million [1]

Core Insights - In Q3 2025, J&T Express-W achieved a total package volume of 7.6767 billion, representing a year-on-year growth of 23.1% [1] Summary by Category Overall Performance - Total package volume reached 7.6767 billion, with a year-on-year increase of 23.1% [1] - Daily average package volume was 83.4 million, also reflecting a year-on-year growth of 23.1% [1] Regional Performance - Southeast Asia market package volume was 1.9968 billion, showing a significant year-on-year growth of 78.7% [1] - China market package volume reached 5.5758 billion, with a year-on-year increase of 10.4% [1] - New market package volume was 0.1042 billion, indicating a year-on-year growth of 47.9% [1]

3Q2025 October 2025 2 • The information in this presentation has been prepared by representatives of J&T Global Express Limited (the "Company", and together with its subsidiaries and consolidated affiliated entities, the "Group") for use in presentations by the Group at investor meetings for information purposes. This presentation contains data and information obtained from third-party studies. The Company has not independently verified the data and information obtained from these sources. No part of this p ...