BEST Inc. Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results
BEST Inc. American Depositary Shares, each representing five Class A Ordinary Share (BEST)
Last best inc. american depositary shares, each representing five class a ordinary share earnings: 3/12 06:33 am
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Source: PR Newswire
HANGZHOU, China, March 27, 2024 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia ("SEA"), today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.FINANCIAL HIGHLIGHTS (1) For the Fourth Quarter Ended December 31, 2023:(2)Revenue was RMB2,236.3 million (US$315.0 million), compared to RMB1,981.4 million in the fourth quarter of 2022. The increase was primarily due to increased revenue of BEST Freight and BEST Global.Gross Profit was RMB118.3 million (US$16.7 million), compared to gross loss of RMB58.5 million in the fourth quarter of 2022. The increase was primarily due to further improvements in operating efficiency across our business lines. Gross Profit Margin was 5.3% for the fourth quarter of 2023, compared to Gross Loss Margin of 3.0% in the same period of 2022.Net Loss from continuing operations was R
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BEST
Sec Filings
- 4/2/24 - Form 6-K
- 1/31/24 - Form SC
- BEST's page on the SEC website