Best Group: its Best supply chain issued a total of 137 million orders during Singles' Day holiday.

CTOnews.com, November 16, according to Interface News, the Best supply chain of the Best Group disclosed operating data during the Singles Day holiday in 2022, which showed that the Best supply chain placed a total of 137 million orders from October 24 to November 11, 2022.

By the close of U.S. stocks, Best Group shares were up 18.64 percent at $0.70, with a total market capitalization of $55.006 million (about 389 million yuan). CTOnews.com understands that Best Group will release its unaudited financial results for the third quarter ended September 30, 2022 after US stock trading on November 16.

According to the financial report, Best Group achieved revenue of 1.93 billion yuan in the second quarter, down 37.5% from the same period last year and up 6.9% from the previous quarter. Among them, the gross profit margin of Best supply chain in the second quarter increased by 3.9 percentage points to 8.2%, with a net profit of 12.09 million yuan.

The Best Group previously said that despite the impact of the epidemic, Best Express's operating results still improved significantly, Best's supply chain was profitable, and Best's US business continued to be profitable.