Core Insights - The company, J&T Express, reported a total revenue of $5.5 billion for the first half of 2025, marking a year-on-year increase of 13.1%, with a net profit of $89.9 million, a significant rise of 186.6% compared to the same period last year [1] - The core express service revenue reached $5.34 billion, reflecting a growth of 12.7% year-on-year [1] - The company operates approximately 19,200 outlets and 239 transit centers globally, with a logistics network covering 13 countries including China, Indonesia, Vietnam, Malaysia, the Philippines, and Thailand [1] Southeast Asia Market Growth - In Southeast Asia, the company achieved a remarkable 57.9% increase in parcel volume to 3.23 billion pieces, with market share rising by 5.4 percentage points to 32.8% [2] - Revenue from Southeast Asia grew by 29.6% to $1.97 billion [2] - The growth is attributed to the company's active expansion into local brands and non-platform parcel businesses, as well as the integration of multi-platform order resources to reduce operational costs, with a 16.7% decrease in cost per parcel [2] China Market Performance - In China, the company saw a revenue of approximately $3.14 billion, a year-on-year increase of 4.6%, with parcel volume growing by 20.0% to 10.6 billion pieces [3] - The market share in China increased to 11.1% based on parcel volume [3] - The company has optimized its customer structure by collaborating deeply with industrial clients and introducing high-quality brand customers, enhancing service quality and customer loyalty [3] New Market Expansion - In newly developed markets such as Saudi Arabia, UAE, Mexico, Brazil, and Egypt, the company reported a 21.7% increase in parcel volume to 17 million pieces, with revenue rising by 24.3% to $360 million [4] - The company is focusing on partnerships with global and local e-commerce platforms, including a collaboration with Mercado Libre in Mexico and Brazil [4] - Investments in technology such as smart sorting and unmanned vehicle delivery are ongoing, with 900 unmanned logistics vehicles deployed across various provinces [4]
半年报看板 | 极兔速递上半年净利大增 东南亚市场表现亮眼