Best's financial report: Best's revenue in Q3 2022 was 2.03 billion yuan, a month-on-month increase of 5.1%

Recently, Best Inc. released its unaudited financial results for the third quarter of 2022. Data showed that Best Inc.'s revenue in the third quarter was RMB 2.03 billion, a month-on-month increase of 5.1% .

Best Inc. said that at the end of September, the group repurchased convertible bonds issued in 2019, with a total principal of approximately RMB 747 million. As of the end of the quarter, the group's cash and cash equivalents, restricted cash, and short-term investments reached RMB 3.3 billion, and net cash at the end of the quarter was RMB 1.1 billion .

BEST Express: In the third quarter, the total express cargo volume reached 2.527 million tons, a month-on-month increase of 13.7%; revenue was 1.326 billion yuan, a month-on-month increase of 9.7%. In addition, express e-commerce parcels accounted for 21.1% of the total business volume, a month-on-month increase of 0.6%.

Best Supply Chain: In the third quarter, the supply chain achieved a year-on-year revenue growth of 15.2% to RMB 462 million, and the gross profit margin increased by 3.5 percentage points to 7.2%. The auto parts industry revenue accounted for 18% of the total revenue. In addition, the supply chain added 19 major customers this quarter and renewed 20.

BEST Inc.: Affected by the epidemic prevention and control situation in Southeast Asia and changes in the market environment, the parcel volume in Southeast Asia was 27.04 million pieces this quarter. The customer coverage was further expanded, with the parcel volume in Vietnam and Singapore increasing by 34.4% and 23.5% year-on-year respectively.

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