极兔速递-W2025中期报告
(A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability)( 於開曼群島註冊成立以不同投票權控制的有限責任公司 ) Stock Code股份代號：1519 246314142434446484994 22 Harneys Fiduciary (Cayman) Limited4th floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman, KY1-1002Cayman Islands 17775A 1001 24840 1617 11 1A3720 2920 1519 Harneys Westwood & Riegels993501 www.jtexpress.com 202310 27 Harneys Fiduciary (Cayman) Limited4th floor, Harbour Place103 South Church StreetP.O. Box 10240Grand Cayman, KY1-1002Cayman Islands 2EBITDAEBITDA(i)(ii)(iii)(iv)(v) 3EBITEBIT(i)(ii)(iii)(iv) 13201517,000201820192020202032022 2025139.92024110.127.0% 20256 3019,20023933712,1006,800 2025EBITDA2025139.927.0%549.813.1%156.3147.1% 202532.357.9%32.8%5.46EBIT234.674.0%EBIT0.07 2025106.020.0%11.1%0.152025 20251.721.7%6.2%0.1TikTokMercado Libre2025EBITDAEBIT 1. 2025GDP 202520253,262.6202428.5%202524.9%2025202918.3%TikTok 202598.432.2%2025207.2202429.6%2025202915.2% 2. 2020202532.8% A BCD 3. 202532.3202420.457.9%202532.8% 2020202516.7% (i) 20252(ii)(iii)(iv) 2025Market Magazine & Frotier1st Winner: Top Brand 100 4. 202557.9%17.82025202520240.6020250.50 5. 20252025EBIT234.62024134.874.0%EBIT11.9%3.0EBIT0.072025EBITDA312.850.5% 1. 2025GDP66.120245.3%20252.27.4%202520296.9% 2025956.419.3%7,187.810.1%20252,043.816.7%202520296.6% 2. 202519.3%7.7%20257 2025 202511.1%20240.15202461 3. 2025106.0202488.420.0% 2025956.419.3% 2025 4. 20240.3220250.2810.3%0.04 5. 2025EBIT12.9EBIT0.4%EBITDA155.1EBITDA4.9%2025 20250.3020240.342025 20240.3220250.2810.3% 6. 2025 202425% 202520256 30600 20256121796715249 1. 2025GDP5.820251,635.523.6%2025202919.1%TikTok2025 202526.518.6%202553.717.1%202517.9%2029103.6FedExUPS DHL 2. 2025165.92024136.321.7%20246.1%6.2% TemuShein TikTokAliExpressKwai Shopee2025Mercado Libre 3. 20256 30352002,0001020258 (i)(ii)(iii)(iv)(v) 1. 2. 3 3.1 20244,861.713.1%20255,498.713 20244,740.012.7%20255,341.42024110.127.0%2025139.9 2024121.729.2%2025157.3 3.2 20241,520.029.6%20251,970.420242,042.957.9%20253,226.232.8% 20242,998.34.6%20253,136.5202520248,835.720.0%202510,598.911.1%(i)(ii) 2024291.624.3%2025362.42024136.321.7%2025165.920246.1%20256.2% 202451.943.1%202529.5 4. 20240.7420250.61 20240.6020250.50(i)202557.9%(ii) 20256 3010,5001,50020240.3720250.32 20256 305,40020241,6001,800202430020240.1620250.12 20256 3012120256 305720241020250.0520240.06 20250.3020240.342025 20240.3220250.28 20256 305,4006,700202420250.1820240.200.02 20256 305,9004,900202470020250.0620240.070.01 20256 308320242025202527020246520250.0420240.050.01 20252.1820242.14 20251.9220241.88 5. 20244,731.213.5%20255,370.4335.2 20242,326.514.4%20252,661.62024202547.9%48.4% 2024665.719.0%2025792.32024202513.7%14.4% 2024296.736.4%2025404.5202420256.1%7.4% 20241,232.731.4%20251,619.42,042.957.9%3,226.2 20242,784.47.6%20252,996.98,835.720.0%10,598.9 2024256.624.3%2025318.8136.321.7%165.9 202452.352.2%202525.0 202512.0%2024 20240.9%202515.2% (i)(ii)(iii)(iv)(v)(vi) 2024381.70.4%2025383.3202432.2202567.3 8.EBITDA EBITDA2024207.850.5%2025312.820242025EBITDA13.7%15.9% EBITDA2024198.92025155.12024EBITDA6.6%2025EBITDA4.9%2025 2024EBITDA7.82025EBITDA1.6EBITDA20242.7%20250.4% EBITDA20247.220252.9 (i)(ii)(iii)2025EBITDA36.72024EBITDA40.810.1% 9. 202445.013.5%202538.9 10. 11. EBITDAEBIT 12. 20256 30421.120246 30345.620256 301,661.9412.620256 303.0 20256 3064.3%2024 12 3165.4% 13. 14. 202520246 30230.3165.2 15. 20256 30202412 31 16. 2025 17. 20256 30183,157 18. 20256 3027202412 3129.525 19. 5%20256 30Yimi493.16.6%55920256 3014.6 Yimi Global LimitedYimi2025YimiYimi 20256 30 20. 20256 30 21. 20256 30 20256 30XVXV78352 (1) (2)Jumping Summit Limited971,390,048A7,943,362BTopping Summit LimitedJumping Summit Limited5%Vistra Trust (Singapore) Pte. LimitedExceeding Summit Holding LimitedJumping Summit Limited95%Jumping Summit Limited971,390,048A7,943,362B (3)Robust Idea Limited40,008,020BRobust Idea Limited40,008,020B (4)LONG ORIGIN LIMITED327,712,070BBlink Field Limited4,119,565BLONG ORIGIN LIMITEDBlink Field LimitedLONG ORIGIN LIMITED327,712,070BBlink Field Limited4,119,565B 20256 30XVXV78352 20256 30XV23336 (1) (2)Topping Summit LimitedJumping Summit Limited 5%Exceeding Summit Holding LimitedVistra Trust (Singapore) Pte. LimitedExceeding Summit HoldingLimitedJumping Summit Limited95%Jumping Summit Limited971,390,048A7,943,362B (3)373,175,910B327,712,070BTeam Spirit Group LimitedStarlight Hero LimitedTeam Spirit Group LimitedSky Royal Trading LimitedSky Royal Trading Limited64.52%Team Spirit Group Limited373,175,910B Liang XiaojingTeam Spirit Group LimitedXVLiang Xiaojing373,175,910B Starlight Hero LimitedLiang Xiaojing Starlight Hero LimitedXVLiang Xiaojing327,712,070B (4)Huang River Investment LimitedEternal Earn Holding LimitedParallel Cluster Investment Limited382,316,440B107,829,815B43,131,985BHuang R
