YTO INTL EXP released its interim results, with a loss attributable to shareholders of HKD 60.436 million, an increase of 43.4% year-on-year
YTO INTL EXP released its interim results for the period ending June 30, 2025, with revenue of HKD 1.414 billion, a year-on-year decrease of 52.5%. The loss attributable to equity shareholders of the company was HKD 60.436 million, a year-on-year increase of 43.4%. The increase in losses was mainly due to fluctuations in U.S. tariff policies, a reduction in low-margin businesses, and increased investment in international development. During the reporting period, the group also faced a one-time investment impairment loss of HKD 22.8 million
According to the Zhitong Finance APP, YTO International Express (06123) announced its performance for the six months ending June 30, 2025, with revenue of HKD 1.414 billion, a year-on-year decrease of 52.5%; the loss attributable to equity shareholders of the company was HKD 60.436 million, a year-on-year increase of 43.4%; basic loss per share was HKD 0.1446.
The increase in the loss attributable to equity shareholders during the period was mainly due to (i) the overall decline in revenue and gross profit in the freight market affected by uncertainties such as fluctuations in U.S. tariff policies in the first half of the year; (ii) to concentrate resources on developing core businesses, the group strategically reduced some low-margin businesses with longer payment cycles, resulting in a decrease in overall revenue and gross profit; (iii) to deepen the international development strategy, build global express hub facilities and operational networks, achieve "China connects the world, the world connects the world," create a safe, smooth, convenient, efficient, sustainable, autonomous, and controllable logistics supply chain system, and promote the application of cutting-edge technologies such as artificial intelligence, the group continued to increase the introduction and training of international talents during the reporting period, constructing logistics hubs for key regions and countries and critical markets to enhance control over core logistics infrastructure and resources, and comprehensively promote the digital transformation to intelligent upgrading, strengthening technology innovation-driven efforts, and continuously increasing investment in scientific research and development.
On the other hand, during the first half of 2024, the group incurred a one-time investment impairment loss of approximately HKD 22.8 million in joint ventures. There were no such one-time impairment losses during the reporting period
