BEST Inc. Announces Unaudited Second Quarter 2023 Financial Results
HANGZHOU, China, Aug. 23, 2023 /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 second quarter ended June 30, 2023.
- HANGZHOU, China, Aug. 23, 2023 /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 second quarter ended June 30, 2023.
- BEST Supply Chain Management achieved its second consecutive quarter of profitability and reached a record high gross margin of 10.9% while BEST Freight delivered a non-GAAP profitability in the second quarter.
- In the second quarter, BEST Global's total volume for the cross-border business increased by approximately 54.1% quarter-over-quarter.
- For the Second Quarter Ended June 30, 2023:[2]
Revenue was RMB2,137.7 million (US$294.8 million), compared to RMB1,931.0 million in the second quarter of 2022.