YTO Express (International) Holdings Limited provided preliminary group earnings guidance for the six months ended June 30, 2022. For the period, the group expects to record an increase in the revenue and net profit as compared to the corresponding period in 2021. The net profit of the Group is expected to increase by about 20% as compared to the net profit for the corresponding period in 2021.

Such increase is mainly attributable to the following: the increase in freight rates charged to customer due to increase in demand for container spaces under COVID-19 pandemic which boosted up the sea freight revenue of the Group; the selling rate and load capacity of air freight chartering improved in the first half of 2022 resulting in an increase in revenue of the air freight segment of the Group; and the increase in other gains and losses of the Group due to rise in net foreign exchange gains resulting from the depreciation of Renminbi.