Jitu Express (01519) Adjusted net profit increased 124.3% year-on-year in the first half of 2026, and global comprehensive profit continued to increase

The Zhitong Finance App learned that Jitong Express (01519) announced the 2026 interim results today. In the first half of 2026, the company's global business developed steadily, which strongly drove the growth of the business scale. The company's revenue reached US$7.67 billion, an increase of 39.5% over the previous year. Among them, express delivery service revenue reached US$7.46 billion, an increase of 39.6% over the previous year.

In the first half of 2026, the company's total global package volume reached 17.5 billion, an increase of 25.1% over the previous year; in the second quarter, the average daily package volume exceeded 100 million for the first time, and the company's contract fulfillment scale reached a new level. At the same time as the scale grew, the company's profit quality improved markedly. Adjusted net profit during the period reached US$350 million, up 124.3% year on year; adjusted EBIT reached US$430 million, up 121.7% year on year. The Group also achieved significant growth in the adjusted EBIT of single tickets, showing that the company has achieved results in releasing scale effects, controlling costs, and optimizing the customer structure. In June 2026, the company was included as a constituent stock of the Hang Seng Index and officially entered the blue chip ranks of Hong Kong stocks.

Zheng Shiqiang, chief financial officer of Jitu Express, said, “In the first half of 2026, the company's revenue scale expanded, and profitability increased significantly. The Group's adjusted EBIT for a single ticket reached $0.025, an increase of 77% over the previous year. The increase in both revenue and profit is due to the increase in package volume brought about by the global development of e-commerce and diversified customer expansion, as well as continuous optimization of service quality and operational efficiency. The Group's current operating cash flow was US$640 million, up 50.9% year on year. By the end of the performance period, the Group had sufficient cash, totaling US$2.91 billion in cash assets, including cash and cash equivalents, restricted cash, and bank wealth management products. The company has always attached importance to shareholder returns. It has completed the repurchase of 99.318 million shares in the first half of 2026, and announced on June 25 that it will increase the amount of the new repurchase plan to HK$2 billion.”

Southeast Asia's market share increased again and the leading position was stable

The Southeast Asian market was an important driver of Goku's business growth in the first half of the year. During the period, the number of packages in Southeast Asia reached 5.52 billion, an increase of 71.2% over the previous year, and the average number of packages reached 30.5 million per day. According to Frost & Sullivan data, in terms of package volume, the company has ranked first in the Southeast Asian market for six consecutive years since 2020, and its leading position is becoming more and more stable.

The company continues to seize regional e-commerce and social e-commerce development opportunities, and relies on extensive network coverage, stable contract fulfillment capabilities and localized operation experience to consolidate regional service capabilities. As of June 30, 2026, the company operated 127 transit centers in Southeast Asia. The number of automated sorting lines increased by 11 to 75 sets compared to the end of 2025, which strongly supports the increase in regional package volume and service quality improvement. At the same time, the company promotes terminal automation capacity building in Southeast Asia, equips outlets with automation equipment, improves first-line efficiency, and reduces comprehensive operating costs.

The company is also actively expanding the non-platform component business, covering diverse customer groups such as social media sellers, online business of chain brands, corporate customers and personal leaflets, and promoting time-sensitive products such as same-day delivery and next-day delivery to non-platform customers, improving door-to-door collection, network image upgrades, and courier service evaluation mechanisms to suit more diverse fulfillment scenarios.

The steady growth of the Chinese market has entered a high-quality development cycle

In terms of the Chinese market, the industry has entered a high-quality development cycle. Jitu focuses on service quality, network stability, and full-link cost optimization, and its market share has once again increased. In the first half of the year, the number of packages in the Chinese market reached 11.62 billion, an increase of 9.6% over the previous year, with an average daily volume of 64.2 million parcels. According to Frost & Sullivan data, in terms of package volume, the company's market share in China increased to 11.6%, an increase of 0.5 percentage points over the previous year.

The company continues to consolidate the network chassis, assist network partners to improve market expansion, customer service and comprehensive management capabilities, and improve service adaptability and response efficiency by improving door-to-door service, exclusive customer service, green channels and value-added services such as “Rabbit Youda”. In terms of business structure, the company actively expands diversified customer groups such as brand customers, personal leaflets, and industrial belt customers, penetrates key industrial belts in categories such as footwear, clothing, women's clothing, etc., and customizes solutions to the core needs of merchants such as packaging protection and collection time.

Focusing on smart logistics construction, the company is expanding the application of unmanned logistics vehicles in the Chinese market. As of June 30, 2026, the entire network has invested in more than 1,900 unmanned logistics vehicles, an increase of 87% over the end of 2025; at the same time, AI intelligent applications have been deepened to further improve service experience and operational efficiency.

Other markets are growing rapidly, and localization cooperation continues to deepen

In other markets, the company's business continued to grow rapidly. In the first half of the year, the number of packages in other markets reached 360 million, an increase of 119.9% over the previous year. According to Frost & Sullivan data, the company's market share in other markets increased from 6.2% in the first half of 2025 to 8.9% in terms of package volume.

The company grasps e-commerce development and cross-border logistics opportunities in Latin America, the Middle East and other regions, deepens cooperation with global e-commerce and short video streaming platforms such as TikTok, SHEIN, Temu, Kwai and AliExpress; at the same time strengthens cooperation with local e-commerce platforms, deepens cooperation with Mercado Libre in Brazil and Mexico, and continues to consolidate 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, more than 2,700 outlets, and invested in 14 automated sorting lines in other markets. The company actively explores flexible terminal fulfillment models that meet the needs of different markets, cooperates with market players with local resources and operational experience to meet implementation challenges in complex market environments, and also relies on mature experience accumulated in China and Southeast Asia to improve local network coverage, operational efficiency and service quality to better grasp the opportunities brought by e-commerce development and the growth in express delivery demand in Latin America and other regions.

In terms of global network layout and transportation capacity, in the first half of 2026, the company will operate 260 transit centers worldwide, with about 19,800 outlets, 435 automated sorting lines, and about 13,380 mainline vehicles, including about 8,500 trunk line vehicles. Focusing on customer needs, the company actively expands cross-border e-commerce, brand customers, and non-platform component businesses, while strengthening diverse service scenarios such as cloud warehouses and extending the fulfillment service link. Currently, the company has 272 warehouses worldwide, with a total area of more than 1.01 million square meters.

Hou Junyi, vice president of Jitu Express Group, said, “In the first half of 2026, Jitu's global package volume grew strongly, the network scale effect and contract fulfillment capacity were further enhanced, and profitability continued to increase. The company insists on using operational quality and efficiency to steadily expand its business scale. The average daily global package volume exceeded 100 million for the first time in the second quarter. Looking forward to the future, we will build on the differentiated development stages of each market, be guided by customer needs, continue to refine service quality, seize global development opportunities, and promote stable and far-reaching global business.”