AnE Logistics (09956.HK) announced that as of September 30, 2024, for the three months period, the revenue reached RMB 3.044 billion, a 21.2% year-on-year increase; gross profit reached RMB 0.476 billion, a 66.7% year-on-year increase; adjusted net income reached RMB 0.218 billion, a 28.0% year-on-year increase.
Through the continuous implementation of a high-quality growth strategy, the group achieved outstanding results for the three months ended September 30, 2024, maintaining a leading position in the China LTL market. Meanwhile, leveraging its nationwide network to provide comprehensive and diversified product services.
As of the three months ended on September 30, 2024, the group has completed a total freight volume of 3,734 thousand tons, compared to 3,152 thousand tons in 2023, representing an 18.5% year-on-year increase. In terms of freight weight structure, the volume of mini-bills (70 kg or less), small LTL (70 to 300 kg), and large LTL (300 kg and above) increased by 37.3%, 22.6%, and 6.6% respectively, driving the year-on-year growth of the total freight volume. By the end of September 2024, the group had approximately 32,000 freight partners and agents, compared to over 28,000 by the end of September 2023, enabling the group to better serve end customers while continuously expanding its national coverage.