YTO(SH:600233) Zheng Quan Shi Bao·2025-08-27 17:40Core Viewpoint - YTO Express (600233) reported a revenue of 35.883 billion yuan for the first half of 2025, marking a year-on-year growth of 10.19% and a net profit attributable to shareholders of 1.831 billion yuan, with the express delivery business contributing 1.985 billion yuan to this profit [2] Financial Performance - The company achieved an operating cash flow of 2.634 billion yuan, reflecting a year-on-year increase of 13.99% [2] - The express delivery volume reached 14.863 billion pieces, growing by 21.79%, which outpaced the industry average growth rate by 2.5 percentage points [2] Operational Efficiency - YTO Express has been enhancing its smart routing system, which dynamically calculates routing adjustments based on historical order volume and costs, leading to optimized transportation costs and improved delivery efficiency [2] - The company is exploring the application of smart driving vehicles to extend operational hours and improve fuel efficiency [2] - In the first half of 2025, the average number of packages per vehicle increased by over 7%, while the transportation cost per package decreased to 0.37 yuan, a reduction of 0.06 yuan or 12.81% year-on-year [2] Cost Management - As of the end of June, the company's per capita efficiency improved by over 13% [2] - The cost per package for central operations dropped to 0.27 yuan, down by 0.01 yuan or 3.63% year-on-year; in the second quarter, this cost further decreased to 0.25 yuan, reflecting a year-on-year decline of 0.02 yuan or 5.48% [2]