YTO Express: In December 2022, YTO Express product revenue was 4.368 billion yuan, a year-on-year increase of 10.47%

YTO Express issued an announcement disclosing the main operating data of its express business in December 2022. The announcement showed that YTO Express achieved express product revenue of 4.368 billion yuan in December 2022, a year-on-year increase of 10.47% ; the business volume was 1.593 billion tickets, a year-on-year increase of 0.70% ; the express product single ticket revenue was 2.74 yuan, a year-on-year increase of 9.70% .

YTO Express said that since the end of 2021, the settlement model of the Cainiao Kuaigou business in the company's express delivery business has been adjusted from the original settlement between Hangzhou Cainiao Supply Chain Management Co., Ltd. and franchisees to its direct settlement with the company; at the same time, the company's reverse logistics business undertaken by platforms such as Pinduoduo is also settled in this way. In December 2022, the above factors had an overall impact of approximately RMB 0.09 on the revenue per express product. After excluding such impact, the company's revenue per express product was RMB 2.65, a year-on-year increase of 6.04% .

In comparison, YTO Express's express product revenue in November 2022 was 4.426 billion yuan, a year-on-year decrease of 1.91% ; the business volume completed was 1.628 billion tickets, a year-on-year decrease of 6.74% ; the revenue per ticket was 2.72 yuan, a year-on-year increase of 5.17% .

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