On November 14, Geelong reported that China's leading express delivery company, ANE Logistics (9956.HK), released its 2024 third-quarter performance report tonight. The data shows that in the third quarter of this year, the company continued the trend of increasing cargo volume in the first half of the year, achieving a total freight volume of 3.73 million tons, an 18.5% year-on-year increase. The increase in cargo volume also drove strong growth in revenue and profit-making ability, with revenue reaching 3.044 billion yuan during the reporting period, a 21.2% year-on-year increase; adjusted pre-tax profits of 0.284 billion yuan, a 39.2% year-on-year increase; gross profit of 0.476 billion yuan, a 66.7% year-on-year increase; gross margin reaching 15.6%, a 4.2 percentage point increase year-on-year. The company's outstanding long-term performance has also gained third-party recognition. Haitong International recently pointed out in its research reports that ANE's network competitiveness continues to strengthen, with significant results in a rich ecosystem. The increase in network density not only enhances coverage but also promotes service quality improvement, forming a virtuous cycle. At the same time, the secondary market continues to give positive responses. Since the beginning of this year, ANE's share price has maintained an overall upward trend, closing at 8.05 Hong Kong dollars per share on November 14 from 5.26 Hong Kong dollars per share at the beginning of the year, a steady increase of 44.01%. In the next phase, ANE will continue to drive transformation, deepen channel cultivation, enhance product competitiveness, and solidify high-quality growth capabilities through the "dual-drive" strategy.