Yuantong Express: the revenue of express products in December 2022 was 4.368 billion yuan, an increase of 10.47% over the same period last year.

CTOnews.com January 18 news, this evening, Yuantong Express issued an announcement, revealing the main operating data of the express business in December 2022.

According to the announcement, Yuantong Express achieved 4.368 billion yuan in revenue from express products in December 2022, an increase of 10.47 percent over the same period last year; business completion volume was 1.593 billion tickets, an increase of 0.70 percent over the same period last year; and single ticket revenue from express products was 2.74 yuan, an increase of 9.70 percent over the same period last year.

CTOnews.com learned that Yuantong Express said that since the end of 2021, the settlement model of Cainiao wrapping business in the company's express delivery business has been adjusted from Hangzhou Cainiao supply chain Management Co., Ltd. and franchisee settlement to settlement directly with the company; at the same time, the reverse logistics business of the company undertaking platforms such as pinduoduo is also settled in accordance with these modes. In December 2022, the overall impact of the above factors on the single ticket income of express delivery products was about 0.09 yuan. excluding these effects, the single ticket revenue of the company's express delivery products was 2.65 yuan, an increase of 6.04% over the same period last year.

For comparison, Yuantong Express's product revenue in November 2022 was 4.426 billion yuan, down 1.91% from the same period last year; business completion was 1.628 billion tickets, down 6.74% from the same period last year; and single ticket revenue was 2.72 yuan, an increase of 5.17% over the same period last year.