)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
BEST
BEST (BEST) investor relations material
BEST has been delisted
BEST Q1 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2024 earnings summary6 Jun, 2024
Executive summary
Revenue grew 13.2% year-over-year to RMB1,942.0 million, driven by strong performance in Freight and Global segments.
Gross profit turned positive at RMB55.2 million, with a gross margin of 2.8%, up from a gross loss last year.
Net loss from continuing operations narrowed by 33% year-over-year to RMB172.1 million; non-GAAP net loss was RMB164.9 million.
Adjusted EBITDA improved to negative RMB126.3 million from negative RMB206.8 million a year ago.
Financial highlights
Diluted loss per ADS from continuing operations was RMB8.69, improved from RMB12.38 year-over-year.
Cash and equivalents, restricted cash, and short-term investments totaled RMB2,095.8 million as of March 31, 2024.
Net cash used in continuing operating activities was RMB138.5 million, down from RMB163.2 million last year.
Adjusted EBITDA margin improved to -6.5% from -12.1% year-over-year.
Segment performance
Freight revenue rose 16.3% year-over-year to RMB1,223.5 million, with gross margin up 3.6 percentage points to 3.4%.
Supply Chain Management revenue declined 6.6% to RMB411.0 million due to discontinuation of unprofitable accounts.
Global segment revenue surged 42.6% to RMB280.9 million, with parcel volumes up 39.4% and cross-border business volume up 256.4%.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
BEST
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
BEST Inc. is a leading provider of supply chain solutions in China, offering a full range of services including live and virtual on-demand supply chain planning, sourcing solutions, freight forwarding and transportation management. The company was founded in 2007 and is headquartered in Hangzhou, the People's Republic of China.