Core Viewpoint - YTO Express International (06123) reported a significant decline in revenue and an increase in losses for the six months ending June 30, 2025, primarily due to market uncertainties and strategic business adjustments [1] Financial Performance - Revenue for the period was HKD 1.414 billion, representing a year-on-year decrease of 52.5% [1] - The loss attributable to equity shareholders was HKD 60.436 million, which expanded by 43.4% compared to the previous year [1] - Basic loss per share was HKD 0.1446 [1] Business Strategy and Operations - The increase in losses was attributed to several factors: - Uncertainties in the freight market due to fluctuations in U.S. tariff policies, leading to a decline in overall revenue and gross profit [1] - A strategic decision to reduce low-margin businesses with longer payment cycles to focus on core operations, resulting in decreased revenue and gross profit [1] - Ongoing efforts to enhance international development by building global express hub facilities and operational networks, aiming for a more efficient and sustainable logistics supply chain [1] - Increased investment in international talent recruitment and training, focusing on key regions and markets to strengthen control over logistics infrastructure and resources [1] - A comprehensive push towards digital transformation and technological innovation, with a sustained increase in R&D investment [1] Impairment Losses - During the first half of 2024, the company recorded a one-time impairment loss of approximately HKD 22.8 million related to investments in joint ventures, which was not present in the reporting period [1]
圆通国际快递(06123)发布中期业绩，股东应占亏损6043.6万港元，同比扩大43.4%