
Core Insights - The company reported a total revenue of RMB 24.847 billion for July 2025, representing a year-on-year growth of 9.95% [2] - The express logistics business revenue grew by 14.97% year-on-year, with a business volume increase of 33.69%, attributed to the implementation of operational strategies and enhanced service capabilities [2] - The international freight market faced demand fluctuations due to international trade volatility, but the company maintained stable volumes in international freight forwarding and saw rapid growth in international express and cross-border e-commerce logistics [2] Revenue Breakdown - Total revenue for express logistics and supply chain & international business combined was RMB 24.847 billion, with express logistics contributing significantly to the growth [2] - Express logistics business revenue growth was driven by increased operational authorizations and incentives, as well as improved service capabilities [2] - International freight market conditions were challenging, with a notable decline in sea freight prices compared to last year, yet the company adapted by leveraging its global network [2]