No Data
YTO INTL EXP (06123.HK) profit warning: expects a net loss of approximately 37 million to 46 million Hong Kong dollars in 2024.
Glonghui reported on February 27 that YTO INTL EXP (06123.HK) announced that the group expects to record a net loss of approximately 37 million to 46 million Hong Kong dollars for the fiscal year ending December 31, 2024, while it recorded a net profit of approximately 96.5 million Hong Kong dollars for the fiscal year ending December 31, 2023. This net loss and year-on-year decline are mainly due to (i) the severe macroeconomic situation, increased price pressures, and a decrease in the overall gross margin of Air Transportation and international express business, leading to a reduction in the gross margin of the group's Air Transportation and international express; and (ii) in 2024, the company will combine the international economic situation and industry development changes.
Express News | YTO International Express and Supply Chain Technology Sees Net Loss for Year
YTO INTL EXP: PROFIT WARNING
Hong Kong stock Concept tracking | The express delivery industry in China continues to develop positively. The express delivery Sector is currently still in the undervalued Range (with related Concept stocks attached).
The State Post Bureau: In December 2024, China's Express Development Index is 469.8, an increase of 17.2% year-on-year.
China's Logistics Sector Continues Growth Streak in November
China's Air Freight Volume Climbs to New High in January-October
