YUNDA Corp.(SZ:002120)2024-08-28 17:36Group 1: Business Performance - The company achieved a total express business volume of 10.924 billion packages in the first half of 2024, representing a year-on-year growth of 30.02% [2] - Total express service revenue reached 22.687 billion yuan, with a year-on-year increase of 10.1% [3] - Net profit attributable to shareholders was 1.041 billion yuan, reflecting a year-on-year growth of 19.80% [3] - The net cash flow from operating activities was 2.021 billion yuan, showing a significant increase of 75.46% [3] Group 2: Cost and Profitability Metrics - The gross profit margin for express services was 10.3%, indicating an upward trend compared to previous periods [3] - The average revenue per package decreased to 2.08 yuan, down 15.33% year-on-year, primarily due to a high base from the previous year and increased competition [3] - The average cost per package was 1.86 yuan, down 15.75% year-on-year, with transportation costs at 0.39 yuan (down 27.61%) and transfer costs at 0.31 yuan (down 19.81%) [3] - Total period expenses decreased by 1.75 billion yuan, a reduction of 14.35% [3] Group 3: Strategic Initiatives and Future Outlook - The company is focusing on enhancing service quality and efficiency in response to market demands, particularly during peak seasons [6][8] - A strategic shift towards core express business has led to a reduction in peripheral business activities, contributing to lower management and sales expenses [5] - The company anticipates continued double-digit growth in the express delivery industry for the second half of the year, driven by e-commerce diversification and improved rural logistics [6][7] - Capital expenditures for the first half of 2024 were 810 million yuan, a decrease of 42.07% year-on-year, reflecting a focus on maintaining existing resources and technological upgrades [8]