Shares of Chinese express delivery companies decline after reporting lower data for Nov due to Covid outbreaks
MARKET STOCKS
Shares of Chinese express delivery companies decline after reporting lower data for Nov due to Covid outbreaks
MARKET STOCKS

Shares of Chinese express delivery companies decline after reporting lower data for Nov due to Covid outbreaks

 

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Shares of SF Holdings down 2.2% in Shenzhen, as of 11:03 am local time, Deppon Logistics down 1.9%, YTO Express down 1.4%, Yunda down more than 1%.

SF Holdings said late Monday that its express delivery business revenue reached 15.72 billion yuan in November, down 3.24% from a year ago and revenue from supply chain and international business reached 6.6 billion yuan, sliding 31.34%.

YTO Express said its revenue from express delivery business fell 1.91% on year in November to 4.43 billion yuan, while the express delivery business volume fell 6.7% to 1.628 billion parcels.

Yunda said its express delivery business revenue fell 4.7% on year to 4.26 billion yuan and express delivery business volume fell 21.4% to 1.48 billion parcels.

STO said its express delivery business revenue grew by 8.89% on year to 3.17 billion yuan and business volume rose 2.15% to 1.208 billion parcels.