On June 6th, Best Inc (NYSE:BEST) released unaudited financial performance for Q1 2024. The financial report shows that Best Inc's revenue in Q1 reached 1.942 billion yuan, a YoY increase of 13.2%, with a gross profit of 55.22 million yuan and a gross margin increase of 3.3 percentage points YoY. In terms of business, Best Express achieved operating income of 1.223 billion yuan in the first quarter, an increase of 16.3% YoY, with a total network cargo volume of 1,990,000 tons, a YoY increase of 12.4%. Best Supply Chain realized revenue of 411 million yuan. Best Global achieved Q1 revenue of 281 million yuan, with a YoY growth of 42.6%, among which total cross-border business volume grew 256.4% YoY and Southeast Asian package volume grew 39.4% YoY.
百世集团2024年一季度营收19.42亿元，跨境业务量同比增长2倍多
In Q1 of 2024, Best Inc's revenue was 1.942 billion yuan, with cross-border business volume more than doubled YoY.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.