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Binhai Teda Logistics (08348.HK) issued a profit warning: it is expected that the company's attributable net profit in the first half of the year may reach approximately 0.387 million yuan.
Binhai Teda Logistics (08348.HK) announced that the board of directors expects the company's net profit attributable to owners for the six-month period ending on June 30, 2024 to be approximately RMB 0.387 million, while for the same period in 2023 it was approximately RMB 12.129 million. The main reason for the decline in the group's performance during this period is increased market competition, a continuous decline in the business volume and profit margins of the group's joint venture and associated companies, resulting in a significant decrease in the investment performance of the group's joint venture and associated companies compared to the same period in 2023.
BINHAI TEDA: PROFIT WARNING
China Securities Co., Ltd.: The express delivery industry needs to break away from the framework of "headquarters quantity-price-profit" and the new flywheel sparks sustained development.
In the operation of the business, the four main entities of the express headquarters, franchisee, courier, and direct customers have formed a "express industry flywheel" based on multiple relationships formed in the process. The smooth initial operation is due to the organizational flexibility brought by the franchise system and the price advantage under extreme cost. In the long run, price wars are the "negative" products derived from the continuous operation of the express flywheel.
China Exports, Imports Growth Likely Accelerated in June, WSJ Poll Shows
In June, China's e-commerce logistics index increased to 114.8 points, with an expanded growth of 0.9 points.
The China e-commerce logistics index for June 2024, jointly released by China Federation of Logistics & Purchasing and JD.com, was 114.8 points, with an expanded increase of 0.9 points.
In June, China's e-commerce logistics index was 114.8 points, an increase of 0.9 points.
The China e-commerce logistics index for June 2024, jointly released by China Federation of Logistics & Purchasing and JD.com, was 114.8 points, with an expanded increase of 0.9 points.
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