YTO(SH:600233) Zheng Quan Shi Bao·2025-10-28 22:28Core Viewpoint - YTO Express reported steady growth in its financial performance for Q3 2023, with revenue and net profit increasing year-on-year, driven by a rise in express delivery volume and unit price recovery in the industry [1] Financial Performance - In Q3 2023, YTO Express achieved operating revenue of 18.272 billion yuan, a year-on-year increase of 8.73% - The net profit attributable to shareholders reached 1.046 billion yuan, up 10.97% year-on-year - For the first three quarters, the company reported total operating revenue of 54.156 billion yuan and a net profit of 2.877 billion yuan [1] Business Volume - YTO Express handled 22.584 billion express parcels in the first three quarters, marking a year-on-year growth of 19.40%, surpassing the industry average growth rate by 2.2 percentage points - In Q3, the express delivery volume grew by 15.1% to 7.721 billion parcels, maintaining a leading position in the industry [1] Industry Trends - Since August, the express delivery industry has implemented measures to counteract "involution," leading to adjustments in front-end collection pricing and a gradual recovery in delivery prices - The average revenue per parcel for YTO Express was 2.15 yuan in August, an increase of 0.07 yuan from July, and in September, it reached 2.21 yuan, marking the first month of year-on-year growth [1] Digital Transformation - YTO Express has been advancing digital transformation and smart development, applying AI technology across its operations - The "Smart Routing" system integrates big data and AI to optimize logistics routes, reducing route analysis time from 5 days to 1 day and saving over 100 million yuan in annual capacity costs [2] Operational Efficiency - The "Digital Twin" system has been implemented across all national collection centers, enhancing real-time monitoring and management of package flow, which improves sorting efficiency and identifies potential risks [2] Last-Mile Delivery - The "AI Assistant for Couriers" improves the efficiency of last-mile delivery by assisting couriers with sorting, loading, and handling tasks, saving them 30 to 60 minutes of work time daily [3]