TapTechNews August 21st, Zhongtong Express announced in the Hong Kong Stock Exchange this morning that it achieved revenue of 20.686 billion yuan in the first half of the year, an increase of 10.5% year-on-year; the net profit attributable to ordinary shareholders was 4.038 billion yuan, a decrease of 4.1% year-on-year. The board of directors has approved a medium-term dividend of 0.35 US dollars per American depositary share and common share (TapTechNews note: currently about 2.5 yuan RMB) as of June 30, 2024.
The revenue of the company's core express business increased by 10.7% from 18.292 billion yuan as of June 30, 2023 to 20.25 billion yuan in the same period of 2024, due to the growth of 11.8% in the package volume and the stability of the package unit price.
In terms of total operating costs, the cost as of June 30, 2024 was 14.063 billion yuan, an increase of 9.1% year-on-year.
In terms of gross profit, the 5.828 billion yuan as of June 30, 2023 increased by 13.6% to 6.623 billion yuan as of June 30, 2024, and the gross profit margin increased from 31.1% as of June 30, 2023 to 32.0% in the same period of 2024.