In the first half of the year, Yunda completed a total of 5.629 billion express business, an increase of 29.88% year-on-year, 7.8 percentage points higher than the average growth rate of the industry; the express market share has reached 16.61%, 1% higher than the same period last year, second only to China Express. However, in order to maintain its market share, Yunda’s revenue declined in the first half of the year. During the reporting period, Yunda achieved operating revenue of 14.318 billion yuan, a year-on-year decrease of 7.95%; the net profit attributable to shareholders of listed companies was 681 million yuan, a year-on-year decrease of 47.47%, of which the net profit of deducting non recurring profit and loss attributable to shareholders of listed company was 559 million yuan, down 52.87% year-on-year. The revenue of Yunda is mainly divided into three parts: express service income, material sales income and other business income. In terms of the core express service revenue, which accounted for 92.61% of the total revenue, the operating revenue in the first half of the year was 13.260 billion yuan, a year-on-year decrease of 7.16%; while the operating cost increased slightly by 0.05%, the gross profit rate of express delivery business was 7.44%, with a year-on-year decrease of 6.68%. During the reporting period, Yunda’s single ticket express business income was 2.36 yuan, a year-on-year decrease of 0.94 yuan / ticket. Yunda explained that this is mainly because, on the one hand, the company continued to promote the optimization of the commodity structure, which led to the decline of single express ticket weight and further reduced the resource cost and income of single ticket. On the other hand, based on the current development of express delivery market, the company adopted reasonable market strategy in some regions. < / P > < p > it is worth mentioning that under the comparable caliber, the single ticket cost of Yunda Express has been declining for six consecutive years, showing a good cost control ability. In the first half of 2020, the single ticket cost of Yunda express service was 2.18 yuan, down 23% year on year. < / P > < p > on the one hand, Yunda is continuing to promote the “product stratification” competition strategy of express business, increase the layout of time effective express products, special express products, individual bulk single delivery market, and strengthen the development and maintenance of key customers. < p > < p > specifically, Yunda has newly added more than 200 vehicle lines, further optimizing the frequency of distribution and outlets, boosting the overall signing rate of the next day and the next day by 2% year-on-year; since October 2019, Yunda launched Yunda express products, which are aimed at serving high-value and high-efficiency customers, and the volume of the business has increased rapidly, of which the total number of orders has exceeded one million in June. At the same time, we will promote the “yunxianda” project to deliver fresh products within limited time. < p > < p > in the first half of 2020, Yunda’s supply chain services completed a total of 28% year-on-year growth, of which the second quarter increased by 46%; Yunda international has opened up 31 countries and regions, covering 222 international cities, and the number of outlets has increased by 19% year-on-year; Yunda’s vehicle cargo matching platform “optimized configuration” has achieved more than 50000 users and more than 100000 transportation capacity We have the ability to provide services to the third party. < / P > < p > in addition, Alibaba’s shares in Yunda increased from 44525600 shares to 57883280 shares through Hangzhou Alibaba Venture Capital Management Co., Ltd., with the shareholding ratio still at 2.00%, but its ranking among the top ten shareholders rose from the eighth at the end of 2019 to the sixth. < p > < p > according to the report, Yunda invested 166.7 million yuan in Hangzhou XINIAO Logistics Technology Co., Ltd. (hereinafter referred to as “Xiniao logistics”), a wholly-owned subsidiary of alli, with a shareholding ratio of 16.67%. In April 2020, Fushan investment has paid 83.35 million yuan to Xiniao logistics. < / P > < p > according to the interface news, Xiniao logistics is the main body of the rural Express Co distribution project mainly promoted by rookies, and other shareholders also include subsidiaries of Shentong express and Zhongtong express. Another important investment of Yunda during the reporting period is: on May 23, 2020, as a strategic investor, Yunda subscribed for the non-public shares of deppon through Fushan investment. After completion, Fushan investment will hold about 6.5% of the shares of deppon, and will appoint a non independent director to deppon. In view of the long-term strategic advantages of both deppon and deppon express, both of them have strong business in the industry. In June 2019, Yunda stripped the main business entity of Yunda express, Shanghai Yunda Yunqian Logistics Technology Co., Ltd. Affected by this, Yunda’s other business income in the first half of this year was 580 million yuan, a year-on-year decrease of 32.83%. As of the end of the report period, Yunda’s total assets were 25.052 billion yuan, an increase of 11.36% compared with the beginning of the period; the net assets belonging to shareholders of listed companies were 13.620 billion yuan, an increase of 1.17%; the total cash and cash equivalents and short-term financial management balance of the company were 9.575 billion yuan, with a year-on-year increase of 24.10%, of which the short-term financing balance was 7.059 billion yuan. Global Tech