YTO Express: The volume of business completed in April decreased by 4.83% year-on-year

YTO Express released an announcement on the main operating data of the express delivery business in April. Data show that in April, YTO Express’s express product revenue was 3.122 billion yuan, a year-on-year increase of 10.78%; the business completed 1.246 billion tickets, a year-on-year decrease of 4.83%, and a single ticket revenue of 2.51 yuan, a year-on-year increase of 16.41 yuan.

Officials said that from the end of 2021, the settlement mode of the Cainiao wrap business in the company's express delivery business will be adjusted from the original Hangzhou Cainiao Supply Chain Management Co., Ltd., and franchisees to settle directly with the company. In April 2022, due to the above adjustments, the company's rookie wrap business will affect the express product revenue of about 0.07 yuan. After excluding such effects, the company's express product single revenue is 2.44 yuan, a year-on-year increase of 13.43%.

YTO Express achieved an operating income of 11.828 billion yuan in the first quarter, a year-on-year increase of 32%; net profit attributable to shareholders of listed companies was 870 million yuan, a year-on-year increase of 134.88%. Yuantong Express said that by the end of 2021, the company's express service network covers 31 provinces, autonomous regions, and municipalities across the country, and cities above the prefecture level have basically achieved full coverage, and the coverage rate of cities above the county level has reached 99.54%.

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