Baishi 2019Q2 Financial Report Total Revenue Of 8 Billion 800 Million Yuan, An Increase Of 31% Over The Same Period

On August 14th, Baishi group announced its second quarter performance report for 2019.

According to the report, total revenue was 8 billion 800 million yuan, up 31% over the same period last year. Among them, the express revenue was 5 billion 400 million yuan, the express revenue was 1 billion 300 million yuan, the supply chain revenue was 600 million yuan, the store plus income was 790 million yuan, and the other business income including the hundred excellent products, PepsiCo International Financial and other business income was 650 million yuan.

At the same time, after 2019, Q2 adjusted EBITDA to 150 million yuan. Gross profit was 520 million yuan, an increase of 24.5% over the same period, and net profit of 6 million 500 thousand yuan.

In addition, the volume of business in the second quarter of 2019 has also increased. The package volume of Baishi express was 1 billion 900 million, an increase of 49% over the same period. The volume of express transportation was 1 million 730 thousand tons, an increase of 27% over the same period last year. The supply chain order for the century was 86 million 700 thousand, an increase of 42% over the same period last year.

In 2019, Baishi group speeded up the progress of new layout. Baishi store plus has now reached 3106, WOWO and Baishi neighbourhood brand convenience store grew by more than three times over the same period; the volume of excellent goods is over 110 thousand; PepsiCo International Business has covered 18 countries and regions in the world, among which Thailand and PepsiCo merchants are developing particularly well; moreover, by the end of June, Baishi finance has provided financing services for 9465 wagons.

Baishi said that it will continue to invest in technology research and development in the future to prove the transformation of the "comprehensive technology logistics enterprise". And in the future development process, we will clearly define the connotation and standard of quality development, lock the bottleneck of industry development, define the driving force of industry development, grasp the direction of future value contribution, and draw the future development trend.