Annto drives out from Midea’s shadow with Hong Kong IPO
The behind-the-scenes provider of supply chain logistics services for manufacturers has an impressive revenue base, but it operates on paper-thin profit margins Key Takeaways: Annto has filed for a Hong…
BRIEF: S.F. Holding, J&T Global announce equity alliance
Logistics companies S.F. Holding Co. Ltd. (6936.HK; 002352.SZ) and J&T Global Express Ltd. (1519.HK) on Thursday announced a new equity alliance that could signal the easing of a prolonged price…
BRIEF: S.F. Holding’s revenue rises in May on shopping festival boost
Parcel delivery company S.F. Holding Co. Ltd. (6936.HK; 002352.SZ) said on Thursday its revenue rose 11.3% in May year-on-year to 25.1 billion yuan ($3.5 billion), as a 31.8% jump in…
BRIEF: S.F. Holding reports first-quarter profit, revenue growth
Logistics firm S.F. Holding Co. Ltd. (6936.HK, 002352.SZ) reported on Monday its revenue rose 6.9% year-over-year to 69.8 billion yuan ($957 million) in the first quarter, while its net profit…
FAST NEWS: ZTO Express’ market share falls, even as parcel volume grows
The Latest: Logistics provider ZTO Express (Cayman) Inc. (ZTO.US; 2057.HK) reported Tuesday its net profit rose 3.3% year-over-year to 2.6 billion yuan ($366 million) in the second quarter, while its non-GAAP net profit…
FAST NEWS: ZTO Express profit rises despite lower revenue per order
The latest: Logistics provider ZTO Express (Cayman) Inc. (ZTO.US; 2057.HK) reported Wednesday its annual net profit rose 28.5% year-over-year to 8.76 billion yuan ($1.22 billion) in 2023, while its non-GAAP net profit rose…
ZTO momentum slows in third quarter as headwinds build
The delivery company’s revenue and profit both rose year-on-year despite China’s economic slowdown, but both figures were down from the second quarter Key Takeaways: ZTO earned 2.35 billion yuan in…
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