Best Group: revenue in the third quarter was 2.03 billion yuan, and revenue in Best supply chain increased by 15.2% year on year.

According to CTOnews.com news on November 17, Best Group today released its unaudited financial results for the third quarter of 2022. According to the data, Best Group's revenue in the third quarter was 2.03 billion yuan, up 5.1 per cent from a month earlier.

CTOnews.com learned that Best Group said it bought back convertible bonds issued in 2019 at the end of September, with a total principal of about 747 million yuan. At the end of the quarter, the group's cash and cash equivalents, restricted cash and short-term investments reached 3.3 billion yuan, with a net cash of 1.1 billion yuan at the end of the quarter.

Best Express: in the third quarter, the total volume of express cargo reached 2.527 million tons, an increase of 13.7 percent over the previous month, and revenue of 1.326 billion yuan, an increase of 9.7 percent over the previous quarter. In addition, express e-commerce accounted for 21.1% of the total business volume, an increase of 0.6% month-on-month.

Best supply chain: in the third quarter, revenue in the supply chain rose 15.2 per cent year-on-year to 462 million yuan, and gross profit margin rose 3.5 percentage points to 7.2 per cent. The auto parts industry accounts for 18% of the total revenue. In addition, the supply chain added 19 major customers and renewed 20 contracts this quarter.

Best International: affected by the epidemic prevention and control situation in Southeast Asia and changes in the market environment, there were 27.04 million packages in Southeast Asia this quarter. Customer coverage was further expanded, with parcels in Vietnam and Singapore increasing by 34.4% and 23.5% respectively compared with the same period last year.