Yuantong Express (International) (06123.HK)Announcing the interim results for 2021, the Group's total revenue for the six months ended June 30, 2021 was about HK $3038.3 million (first half of 2020: about HK $2201.3 million), an increase of about 38.0% over the same period last year. Profit during the period was HK $99,665, with a dividend of 23.40 per share and no dividend.
The demand for logistics and freight forwarding services rebounded sharply in the post-epidemic era, resulting in a significant increase in the group's revenue.
In terms of segment revenue and performance, air freight and freight express delivery are still the main components. International express delivery and parcel services accounted for about 24.5% of the total revenue, air transportation accounted for about 46.2% of the total revenue, shipping accounted for about 26.1% of the total revenue, and logistics services accounted for about 1.2% of the total revenue.
Among them, revenue from international express delivery and parcel services increased to about HK $744.3 million during the period, a substantial increase of about 132.4%. According to the Group, this is due to the rapid recovery and steady growth of Chinese manufacturing and exports, and actively explore the international express parcel service market.
In the air transport business, due to the limited supply of cargo space, the cost of air freight forwarders has increased, resulting in a decrease in revenue and gross profit. Air transport gross profit decreased by about 45.3% to about HK $114.8 million from about HK $209.8 million in the same period in 2020.
The shipping component, benefiting from the recovery in global trade, increased by about 143.1% on schedule to about HK $793.4 million (first half of 2020: about HK $326.4 million).
Mr. Huang Yifeng, president of Yuantong International, said that due to the continuing impact of the epidemic, this year's e-commerce "Singles Day" andApple Inc co., Ltd.Due to the impact of successive shipments, shipping costs are expected to continue to rise in the second half of the year. Therefore, income is expected to be relatively stable in the second half of the year, and gross profit margin will remain at 10.8% in the first
Mr. Huang Yifeng mentioned that this year, Yuantong Express plans to focus on some key areas that have an impact on its business, including: continuing to invest in the construction of agency networks; focusing on regional comprehensive economic partnership agreements to enhance service capacity in the region; continue to pay attention to the global needs of Chinese enterprises, tap new business growth, continue to optimize system construction, promote business digitization, and so on.
Mr. Huang Yifeng, president of Yuantong International, said that the decline in production and consumption around the world has improved due to the epidemic, and major economies have recovered steadily under the stimulation of government fiscal and monetary policies. the company is optimistic about the development of international trade and international logistics industry in the post-epidemic era.
(Li Jiahui / tr. by Robert Taylor)