YTO Express Group (600233) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached RMB 38.89 billion, up 8.39% year-over-year, with net profit attributable to shareholders at RMB 3.18 billion, a 73.44% increase year-over-year.

• Express business volume grew 9.52% year-over-year to 16.278 billion parcels, outpacing industry growth by 4.5 percentage points.

• The company advanced digitalization and AI applications, improving operational efficiency, customer experience, and cost control.

• International business and supply chain services expanded, with global network coverage now spanning 150+ countries and regions.

Financial highlights

• Operating income: RMB 38.89 billion, up 8.39% year-over-year.

• Net profit attributable to shareholders: RMB 3.18 billion, up 73.44% year-over-year.

• Operating cash flow: RMB 3.96 billion, up 50.28% year-over-year.

• Basic EPS: RMB 0.9276, up 74.66% year-over-year.

• Gross margin for express business: 13.14%, up 4.86 percentage points year-over-year.

• Single-parcel gross profit: RMB 0.27, up 57.11% year-over-year.

Outlook and guidance

• The company will continue to invest in digitalization, automation, and international expansion, aiming for high-quality, sustainable growth.

• Focus remains on cost control, product differentiation, and customer experience enhancement.