Logory Logistics Reports 7% Revenue Decline, Profit Rises 19.55% for H1 2025

Reuters
Aug 28
Logory Logistics Reports 7% Revenue Decline, Profit Rises 19.55% for H1 2025

Logory Logistics Technology Co. Ltd. has reported its financial results for the first half of 2025, with total revenue amounting to approximately RMB3,030.2 million, marking a decrease of about RMB227.0 million, or 7.0%, from RMB3,257.2 million in the same period of the previous year. This decline is primarily attributed to a reduction in freight service business volume. Despite the drop in revenue, the company achieved an adjusted net profit of approximately RMB26.8 million, reflecting an increase of RMB1.8 million, or 7.04%, from RMB25.0 million in the first half of 2024. This improvement is largely due to the strategic selection of shipper customers with digital cooperation value, enhancing the gross profit margin through high-quality online Gross Transaction Value (GTV). The company's gross profit rose to RMB201.6 million from RMB174.2 million, indicating a growth of 15.73%. The profit for the period increased to RMB26.1 million from RMB21.8 million, up by 19.55%. The profit attributable to owners of the parent reached RMB28.0 million, compared to RMB24.0 million in the previous period, representing an increase of 16.54%. In terms of liquidity, financial resources, and capital structure, as of June 30, 2025, the company reported current assets of approximately RMB2,118.8 million, down by RMB491.3 million or 18.8% from December 31, 2024. This decrease was mainly due to reductions in cash and cash equivalents, prepayments, other receivables, and other assets. Logory Logistics Technology Co. Ltd. continues to focus on its mission of building a benign logistics ecosystem and aims to advance the future of China's logistics industry through digitalization. The company emphasizes the development of new quality productive forces in the logistics industry, promoting cost reduction, quality improvement, and efficiency enhancement across the sector.

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