YTO Express Group Co., Ltd. (hereinafter referred to as "YTO") has released its financial results for the third quarter of 2024, demonstrating continued operational improvement and showcasing strong market competitiveness alongside sustainable development potential. Against the backdrop of global economic recovery and evolving market conditions, YTO has achieved remarkable growth in both revenue and net profit.
As of the end of September 2024, YTO's revenue for the first three quarters reached 49.369 billion yuan ( $6.8 billion ), representing a 21.13% year-over-year increase . The third quarter alone generated 16.805 billion yuan in revenue, up 22.13% from the same period last year. Net profit attributable to shareholders followed this positive trend, with the nine-month total reaching 2.93 billion yuan , a 10.21% increase , while Q3 net profit grew 18.06% to 943 million yuan .
The company's comprehensive digital and intelligent transformation continues to be a cornerstone of its enhanced competitiveness. YTO has actively invested in technological innovation, leveraging big data and artificial intelligence to optimize efficiency across the entire delivery chain and improve user experience. This digital overhaul has gradually improved operational efficiency, strengthened cost control, and ultimately boosted profitability.
Beyond domestic market expansion, YTO is aggressively pursuing international growth opportunities. The company's globalization strategy focuses on strengthening logistics network coverage in key regions worldwide. Currently, YTO has established solid market presence in Southeast Asia, Central Asia, the Middle East, Europe, and the Americas, while continuously expanding service coverage. By leveraging its international express business and transportation network advantages, YTO has successfully diversified revenue streams and significantly enhanced its resilience against market volatility.
In air logistics, YTO continues to reinforce its industry position through substantial investments. The company now operates 13 aircraft in its proprietary fleet and has launched over 140 cargo routes , establishing a comprehensive network covering Asia and Eastern Europe. This infrastructure enables more efficient cargo transportation, improved delivery times, and consequently, higher customer satisfaction.
Looking ahead, YTO remains committed to its talent-first development strategy, emphasizing workforce cultivation. Recognizing exceptional personnel as the foundation of corporate growth, the company will continue investing in human resources to develop industry leaders who can drive long-term success. Through these measures, YTO aims to capture greater global market share while continuously enhancing its comprehensive capabilities.
The positive trajectory reflected in YTO's Q3 2024 financial report stems not only from corporate initiatives but also from improving industry conditions and growing market demand. Through proactive market expansion and sustained technological innovation, YTO has established strong brand recognition and influence both domestically and internationally. The company appears well-positioned to maintain its leadership in the increasingly competitive express delivery sector.
