J&T Express Reports First-Ever Full-Year Profit
J&T Global Express Limited (J&T Express) has achieved its first full-year profit in 2024, with revenue growing by 15.9% year-over-year (YoY) to US$10.26 billion. The company’s total parcel volume surged 31% YoY to 24.65 billion, reinforcing its strong market position. Net profit reached US$110 million, a significant turnaround from the US$1.16 billion loss in 2023, while adjusted EBITDA soared 430.5% to US$780 million. The company’s success was driven by deepened partnerships with e-commerce platforms and operational efficiencies, particularly in Southeast Asia and China.
J&T Express strengthened its dominance in Southeast Asia, increasing market share to 28.6% and recording 22.3% YoY revenue growth in the region. In China, the company’s parcel volume grew 29.1% YoY to 19.8 billion, with revenue reaching US$6.39 billion. The company continues to invest in **automated sorting technology** and **AI-driven logistics solutions** to enhance efficiency. Charles Hou, Group Vice President of J&T Express, stated: “Looking forward to the future, J&T will continue to increase investment in research and development, providing more convenient, efficient and intelligent services to meet customers’ demand for high-quality express delivery services.”
