J&T Global Express Ltd
F:J92
J&T Global Express Ltd
J&T Global Express Ltd. is a global logistics service provider with express delivery services in Southeast Asia. The company is headquartered in Shanghai, Shanghai and currently employs 183,157 full-time employees. The company went IPO on 2023-10-27. The firm mainly operates two businesses. The express delivery services business is engaged in the provision of integrated express delivery service to pick-up outlets of net work partners, network services and other services to operating entities of regional sponsors, integrated express delivery services to enterprise customers and individual customers and cash on delivery services. The cross-border services business is engaged in the provision of cargo or parcel collection, transportation and warehousing, custom clearances, dispatching and other relevant services. The firm is also engaged in the leasing of vehicles as well as sales of accessories, including packing supplies and apparels. The firm conducts its business in the domestic and overseas markets.
J&T Global Express Ltd. is a global logistics service provider with express delivery services in Southeast Asia. The company is headquartered in Shanghai, Shanghai and currently employs 183,157 full-time employees. The company went IPO on 2023-10-27. The firm mainly operates two businesses. The express delivery services business is engaged in the provision of integrated express delivery service to pick-up outlets of net work partners, network services and other services to operating entities of regional sponsors, integrated express delivery services to enterprise customers and individual customers and cash on delivery services. The cross-border services business is engaged in the provision of cargo or parcel collection, transportation and warehousing, custom clearances, dispatching and other relevant services. The firm is also engaged in the leasing of vehicles as well as sales of accessories, including packing supplies and apparels. The firm conducts its business in the domestic and overseas markets.
Parcel Growth: J&T Express saw Q4 parcel volume reach 8.46 billion, up 14.5% year-on-year, and full-year parcel volume of 30.13 billion, up 22%.
Southeast Asia Surge: Southeast Asia led growth, with Q4 parcel volume rising 73.6% to 2.44 billion and full-year volume up 67%, driven by e-commerce investment and product expansion.
China Stability: China Q4 parcel volume was 5.8 billion, flat year-on-year, while the full-year volume rose 11.4% as J&T focused on quality and network strength despite industry slowdown.
Emerging Markets Expansion: New markets like Mexico and Brazil saw Q4 parcel volume surge 79.7% to 130 million, with full-year up 43% to 400 million, showing significant growth potential.
Financial Guidance: The company only provides semiannual and annual financial data; specific 2026 guidance will be given after the annual results in March.
Outlook: Management remains optimistic for high growth in Southeast Asia and emerging markets in 2026, expecting strong e-commerce demand and further network investments.
