STO Express: In December 2022, the express service revenue was 3.05 billion yuan, an increase of 8.31% year-on-year

STO Express issued an announcement disclosing its operating briefing for December 2022. Data showed that STO Express's express service revenue in December 2022 was 3.05 billion yuan, a year-on-year increase of 8.31% ; the business volume completed was 1.161 billion tickets, a year-on-year increase of 0.75% ; the express service single ticket revenue was 2.63 yuan, a year-on-year increase of 7.79% .

STO Express stated that since the end of 2021, the settlement model of the company's Cainiao GOGO business has been adjusted from the original Hangzhou Cainiao Supply Chain Management Co., Ltd. settling with franchisees to its direct settlement with the company. In December 2022, the adjustment of the company's Cainiao GOGO business settlement model affected the express service revenue per ticket by approximately RMB 0.10. After excluding this impact, the express service revenue per ticket was RMB 2.53, a year-on-year increase of 3.69% .

In comparison, STO Express's express service revenue in November 2022 was 3.165 billion yuan, a year-on-year increase of 8.89% ; the business volume completed was 1.208 billion tickets, a year-on-year increase of 2.15% .

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