J&T Global Express (1519) Q2 2024 TU earnings summary

Executive summary

• Total parcel volume reached 5,983.4 million in Q2 2024, up 30.7% year-over-year.

• Southeast Asia, China, and New Markets all posted over 30% year-over-year parcel volume growth in Q2 2024.

• For the first half of 2024, total parcel volume was 11,014.9 million, a 38.3% increase year-over-year.

Segment performance

• Southeast Asia Q2 parcel volume grew 30.8% year-over-year to 1,017.2 million; H1 volume up 42.0%.

• China Q2 parcel volume rose 30.6% year-over-year to 4,894.0 million; H1 volume up 37.1%.

• New Markets Q2 parcel volume increased 33.5% year-over-year to 72.2 million; H1 volume up 63.9%.

Key financial ratios and metrics

• Average daily parcel volume in Q2 2024 was 65.8 million, up 30.7% year-over-year.

• H1 2024 average daily parcel volume reached 60.5 million, a 37.5% increase year-over-year.