极兔上半年总收入55亿美元增13.1%，利润达0.89亿美元增186.6%

Core Viewpoint - J&T Express reported strong mid-year results with significant revenue and profit growth despite a competitive market environment [1] Financial Performance - Total revenue for the first half reached $5.5 billion, a year-on-year increase of 13.1% [1] - Adjusted net profit was $160 million, up 147.1% year-on-year [1] - The overall profit for the period was $89 million, reflecting a 186.6% increase compared to the previous year [1] - Total package volume reached 13.99 billion, marking a 27% year-on-year growth [1] Market Performance - In the Chinese market, package volume increased by 20%, with market share rising by 0.1 percentage points to 11.1% [1] - Adjusted EBIT for the Chinese business was $13 million, down from $60 million in the same period last year, with an adjusted EBIT margin of 0.4% [1] - Adjusted EBITDA was $155 million, compared to $200 million in the previous year [1] Industry Context - The express delivery industry is experiencing intense competition, leading to continuous price reductions [1] - The average revenue per package decreased to $0.30 from $0.34 year-on-year [1] - The company is optimizing the package volume structure across different e-commerce platforms and improving the types of goods handled [1] - Since July, following the State Post Bureau's advocacy for rational pricing, price competition in the industry has become more reasonable, with marginal price increases observed in key production areas like Yiwu and Guangdong [1]