Hangzhou November 13, 2019 / PRNewswire / – China’s leading intellectual supply chain solutions and logistics service provider BES Group (NYSE: BEST, “BES” or “the Group” ) announced financial results as of September 2019 ended 30 June 2019 third quarter today.
in the third quarter, total revenue BES 87.5 billion yuan (RMB, the same below), an increase of 21.6 percentage; gross profit of 5.1 billion yuan, an increase of 30 percentage; non-US GAAP (Non-GAAP ) net profit at 0.17 billion yuan, a net increase of 120 million yuan.
BES Group Chairman and Chief Executive Officer Chou said: “I am pleased to announce that Best achieved good results in the third quarter of solid growth in our revenue, and continuous. two quarter net profit under non-uS GAAP (non-GAAP). despite the fierce market competition, the electricity supplier and the consumer still rapid growth, lead to more demand for a smarter supply chain solutions and logistics services BES. we the gifted goods, international, financial and other services also seize multiple opportunities online vehicle logistics, Southeast Asia and other emerging markets, accelerating the company’s growth. “
in addition, BES Board of Directors has approved the company’s shares back purchase plan , authorized the company to repurchase up to $ 100 million worth of stock over the next 18-month period. Chou said the share repurchase program reflects the confidence in the BES future prospects of the company, believes the company can, robust operation, creating long-term shareholder value through sustained growth.
The third-quarter operating points
BES Express package volume in the third quarter nearly 1.9 billion, an increase of 37.9 percentage higher than the 27.6 percentage the national average. Market share percentage rose from 10.8 last year to 11.7 percentage. Courier costs by 13.2 percentage than last year. Best use of a hub in the plurality of sets of high-speed automated parcel sorting line scan code and automatic weighing machine (DWS system), the electron surface by holding one hundred percent coverage.
Best Express The present cargo quarterNearly 1.89 million tons, an increase of 27.9 percentage, far higher than the average market growth. Gross margin improved by 1.7 percentage points year on year to 6.3 percentage Express continues to optimize its network structure, the number of transit centers merged to 99, the end of the service the number of outlets increased by 52.3 percentage, reaching 17,817.
Best Supply Chain cloud warehouse to fulfill orders this quarter, the total volume reached 86.3 million, an increase of 52.7 percentage, which joined the BES cloud warehouse orders contributed 40.5 million, doubling year on year. As of the end of the third quarter, Best Direct and join the supply chain has a total of 385 cloud positions, managing a total area of more than 3 million square meters.
BES shop plus continue to focus on the transformation of the last kilometer of the retail supply chain. As of the end of September, BES shop add to its 3414 WOWO brand and BES neighborhood convenience stores and nearly 430,000 members shop to provide quality supply chain services.
Best of priority goods vehicle logistics platform for rapid development, as of the end of September, more than 307,000 trucks registered on the BES goods excellent platform. During the quarter, BES goods excellent single transaction amount more than 170,000 orders.
Best International has operations in 19 countries and regions. Among them, the good momentum of development in Southeast Asia, delivery and supply chain operations are developing steadily in Thailand and Vietnam and other regions.
BES financial the end of September has been providing vehicle finance leasing services for approximately 9765 trucks, and carry out factoring and other financial services supply chain.
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aspects of writing this article about earnings data in Renminbi (except otherwise noted), the data are excerpts from the English version as earnings (unaudited), the English version shall prevail final data. |
on BES Group
BES Group is China’s leading intellectual supply chain solutions and logistics services provider. By a strong technology platform and vast materialStreaming service network, providing customers include Best express, express, supply chain management, end of service, matching capacity, international electricity business logistics, logistics, finance and other rich services. BES’s vision is to build smarter through technology and innovative business models, more efficient supply chain, to achieve the mission of “business achievements, wonderful life” in the digital economy.
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