BEST Inc
NYSE:BEST
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
BEST Inc
NYSE:BEST
|
CN |
|
Barcino Property SOCIMI SA
MAD:YBAR
|
ES |
|
B
|
Baria Thermal Power JSC
VN:BTP
|
VN |
|
Ya-Man Ltd
TSE:6630
|
JP |
|
K
|
Kennametal India Ltd
NSE:KENNAMET
|
IN |
|
Nippon Air Conditioning Services Co Ltd
TSE:4658
|
JP |
|
Iriso Electronics Co Ltd
TSE:6908
|
JP |
|
G
|
Gansu Golden Glass Technologies Co Ltd
SZSE:300093
|
CN |
|
Companhia Brasileira de Aluminio
BOVESPA:CBAV3
|
BR |
BEST Inc
BEST, Inc. is a holding company, which engages in the smart supply chain services. The company is headquartered in Hangzhou, Zhejiang and currently employs 4,381 full-time employees. The company went IPO on 2017-09-20. The firm mainly conducts its business through its subsidiaries, variable interest entities (VIEs) and VIEs' subsidiaries. The firm operates its business through five segments. The Supply Chain Management Services segment provides warehouse management, order fulfillment services and transportation services to its offline and online enterprise customers. The Express Delivery Services segment provides express services that comprise sorting, line-haul and feeder transportation services to its franchisee service stations. The Freight Delivery Services segment provides freight services that comprise sorting, line-haul and feeder transportation services mainly to its franchisees. The Store + Services segment deliveries the consumer goods to its convenience store membership customers. The Other Value-added Services segment principally relates to finance leasing services, cross-border logistic services and UCargo transportation services.
BEST, Inc. is a holding company, which engages in the smart supply chain services. The company is headquartered in Hangzhou, Zhejiang and currently employs 4,381 full-time employees. The company went IPO on 2017-09-20. The firm mainly conducts its business through its subsidiaries, variable interest entities (VIEs) and VIEs' subsidiaries. The firm operates its business through five segments. The Supply Chain Management Services segment provides warehouse management, order fulfillment services and transportation services to its offline and online enterprise customers. The Express Delivery Services segment provides express services that comprise sorting, line-haul and feeder transportation services to its franchisee service stations. The Freight Delivery Services segment provides freight services that comprise sorting, line-haul and feeder transportation services mainly to its franchisees. The Store + Services segment deliveries the consumer goods to its convenience store membership customers. The Other Value-added Services segment principally relates to finance leasing services, cross-border logistic services and UCargo transportation services.
Gross Margin Turnaround: Group gross margin turned positive to 4.2% in Q2, reversing a loss in the prior year.
Net Loss Improvement: Net loss narrowed by 48.7% year-over-year, showing significant bottom-line progress.
Business Unit Profitability: Both BEST Freight and BEST Supply Chain Management achieved non-GAAP profitability and positive operating cash flow.
Freight Momentum: BEST Freight revenue rose 15.2% and volume grew 7.2% year-over-year, with gross margin swinging to 5.3%.
Supply Chain Expansion: BEST Supply Chain Management revenue increased 6.7% and gross margin hit a record 10.9%, with a growing customer base.
Global Recovery: BEST Global saw strong quarter-over-quarter growth in key accounts and cross-border business, but revenue dipped slightly year-over-year and margins remain negative.
Cost Control: Selling, general and administrative expenses dropped by 31.4% year-over-year, aiding profitability.
Positive Outlook: Management expects continued profitability and positive cash flow for Freight and Supply Chain Management, and improving trends for BEST Global.
