Business Overview - J&T Global Express covers 13 countries, holding leading positions in Southeast Asia and China, with successful expansion into Latin America and the Middle East[7] - The company has 239 sorting centers, over 12,200 line-haul vehicles, and 337 sorting machines[7] - The e-commerce retail transaction value in Southeast Asia is projected to reach $292 billion in 2025 and $572 billion in 2029, with a CAGR of 18%[10] - China's e-commerce retail transaction value is expected to be $2310 billion in 2025 and $3039 billion in 2029, with a CAGR of 7%[10] - New Markets' e-commerce retail transaction value is projected to reach $164 billion in 2025 and $329 billion in 2029, with a CAGR of 19%[10] Financial Performance - Group revenue from express delivery reached $10 billion in 2024, a 23% increase year-over-year from $81 billion in 2023[29] - China's adjusted EBIT turned profitable for the first time, reaching $147 million in 2024 compared to a loss of $236 million in 2023[29] - Group adjusted net profit turned positive for the first time, reaching $200 million in 2024 compared to a loss of $432 million in 2023[29] - Group adjusted EBITDA increased by 431% year-over-year, reaching $778 million in 2024 from $147 million in 2023[29] - SEA adjusted EBIT increased by 49% year-over-year, reaching $303 million in 2024 from $203 million in 2023, with an adjusted EBIT margin of 94%[29] Market Position and Growth - J&T ranked first in Southeast Asia for 5 consecutive years, with a market share of 286% in 2024[14] - The company's parcel volume growth rate in 2024 was 41% in Southeast Asia, 29% in China, and 22% in New Markets[14] - China's market share increased to 113% in 2024[14]
极兔速递(01519) - 2025 Q2 - 电话会议演示