Jitu Express (01519) reported a year-on-year increase of 124.3% in adjusted net profit for the first half of 2026, with global comprehensive profitability continuing to enhance.

Jitu Express (01519) today announced its mid-year performance for 2026. In the first half of 2026, the companys global business developed steadily, driving significant growth in business scale, with revenue reaching $7.67 billion, a year-on-year increase of 39.5%. Among this, the revenue from express delivery services reached $7.46 billion, also up 39.6% year-on-year. In the first half of 2026, the company's global total parcel volume reached 17.5 billion pieces, a year-on-year increase of 25.1%; in the second quarter, the daily average parcel volume exceeded 100 million pieces for the first time, marking a new milestone in the company's fulfillment scale. While growing in scale, the company's profit quality significantly improved, with adjusted net profit reaching $350 million, up 124.3% year-on-year; adjusted EBIT reached $430 million, up 121.7% year-on-year. The groups adjusted EBIT per parcel also achieved notable growth, reflecting the companys success in releasing scale effects, cost control, and optimizing customer structure. In June 2026, the company was included in the Hang Seng Index constituent stocks, officially entering the ranks of Hong Kong stock blue chips. Zheng Shiqiang, Chief Financial Officer of Jitu Express, stated: In the first half of 2026, the company expanded its revenue scale and significantly enhanced its profitability. The groups adjusted EBIT per parcel reached $0.025, a year-on-year increase of 77%. The dual enhancement of revenue and profit benefited from the globalization of e-commerce and the growth in parcel volume from diversified customer expansion, as well as continuously optimized service quality and operational efficiency. The group's operating cash flow for the period was $640 million, a year-on-year increase of 50.9%. As of the end of the performance period, the group had ample cash, with cash and cash equivalents, restricted cash, and cash assets from bank financial products totaling $2.91 billion. The company has always prioritized shareholder returns, having completed the repurchase of 99.318 million shares in the first half of 2026, and announced on June 25 that it would increase the quota for a new repurchase plan to HK$2 billion. Further Market Share Growth in Southeast Asia Solidifying Leading Position The Southeast Asian market was a key driver of Jitus business growth in the first half of the year. During this period, the volume of parcels in Southeast Asia reached 5.52 billion pieces, a year-on-year increase of 71.2%, with a daily average parcel volume of 30.5 million pieces. According to data from Frost & Sullivan, Jitu has ranked first in the Southeast Asian market by parcel volume for six consecutive years since 2020, solidifying its leading position. The company continues to seize opportunities in regional e-commerce and social e-commerce, relying on extensive network coverage, stable fulfillment capabilities, and localized operational experience to strengthen regional service capabilities. As of June 30, 2026, the company operated 127 transit centers in Southeast Asia, with the number of automated sorting lines increasing by 11 to 75 compared to the end of 2025, effectively supporting regional parcel volume growth and service quality enhancement. At the same time, the company is promoting the construction of end-point automation capabilities in Southeast Asia, equipping locations with automated devices to improve frontline efficiency and reduce overall operating costs. The company is also actively expanding its non-platform parcel business, covering a diverse customer base that includes social media sellers, online operations of chain brands, corporate clients, and individual small orders. It promotes timely delivery products such as same-day delivery and next-day delivery to non-platform clients, improving door-to-door pickup, outlet image upgrades, and courier service evaluation mechanisms to accommodate a wider range of fulfillment scenarios. Steady Growth in the Chinese Market Entering a High-Quality Development Cycle In terms of the Chinese market, the industry is entering a high-quality development cycle. Jitu focuses on service quality, network stability, and optimizing the full-link cost, further increasing its market share. In the first half of the year, the parcel volume in the Chinese market reached 11.62 billion pieces, a year-on-year increase of 9.6%, with a daily average parcel volume of 64.2 million pieces. According to Frost & Sullivan data, Jitus market share in China increased to 11.6% by parcel volume, up 0.5 percentage points year-on-year. The company continues to solidify its network foundation, assisting network partners to enhance market expansion, customer service, and overall operational capabilities. By improving door-to-door service, dedicated customer service, green channels, and value-added services such as "Tu You Da," the service adaptability and response efficiency are enhanced. In terms of business structure, the company actively expands into diverse customer groups, including brand clients, individual small orders, and industry cluster clients, deeply integrating into key industrial clusters like footwear and apparel, and customizing solutions targeting core merchant needs in packaging protection and pickup timeliness. Surrounding the construction of smart logistics, the company is expanding its application of unmanned logistics vehicles in the Chinese market. As of June 30, 2026, over 1,900 unmanned logistics vehicles had been deployed across the network, an increase of 87% compared to the end of 2025; simultaneously, the company has deepened AI applications to further enhance service experience and operational efficiency. Rapid Growth in Other Markets with Continuous Deepening of Localization Cooperation In other markets, the companys business continues to grow rapidly. In the first half of the year, parcel volume in other markets reached 360 million pieces, a year-on-year increase of 119.9%. According to Frost & Sullivan data, Jitus market share in other markets increased from 6.2% in the first half of 2025 to 8.9%. The company is seizing e-commerce development and cross-border logistics opportunities in regions such as Latin America and the Middle East, deepening cooperation with global e-commerce and short video live streaming platforms such as TikTok, SHEIN, Temu, Kwai, and AliExpress; meanwhile, it strengthens cooperation with local e-commerce platforms, deepening partnerships with Mercado Libre in Brazil and Mexico, and continuously consolidating its partnerships with Noon and Salla in the Middle East to further expand local business space. As of June 30, 2026, the company had 52 transit centers and more than 2,700 outlets in other markets, as well as 14 automated sorting lines. The company is actively exploring flexible end-point fulfillment models that meet different market demands, cooperating with market players that have local resources and operational experience to tackle fulfillment challenges in complex market environments. At the same time, relying on the mature experiences accumulated in China and Southeast Asia, the company aims to enhance local network coverage, operational efficiency, and service quality to better seize the opportunities arising from e-commerce development and growing parcel demand in regions like Latin America. From the perspective of global network layout and transport capacity, in the first half of 2026, the company operated 260 transit centers globally, with approximately 19,800 outlets, 435 automated sorting lines, and about 13,380 trunk vehicles, including around 8,500 owned trunk vehicles. Centered around customer demand, the company actively expands cross-border e-commerce, brand clients, and non-platform parcel businesses, while strengthening diversified service scenarios such as cloud warehouses to extend the fulfillment service chain. Currently, the company has a total of 272 warehouses globally, with a total area exceeding 1.01 million square meters. Hou Junyi, Vice President of Jitu Express Group, stated: In the first half of 2026, Jitu experienced robust growth in global parcel volume, with network scale effects and fulfillment capabilities further enhanced, and profitability continuing to improve. The company insists on driving steady expansion of business scale through operational quality and efficiency, with the global daily average parcel volume exceeding 100 million pieces for the first time in the second quarter. Looking ahead, we will base our strategy on the differentiated development stages of various markets, be customer demand-oriented, consistently refine service quality, seize globalization opportunities, and promote steady and sustainable development of global business.