Shentong Express Performance Forecast: Net Profit In The First Half Of The Year Is Expected To Decrease By 91.7% To - 89.3%

Shentong express recently announced that it is expected to make a net profit of 69 million yuan - 89 million yuan in the first half of the year, a decrease of 91.7% to - 89.3% over the same period of last year, and a profit of 832 million yuan in the same period of last year.

According to the announcement, the company 2020 The net profit attributable to shareholders of listed companies decreased significantly year-on-year, mainly due to the following three reasons: first, the market competition in this period was further intensified, and at the same time affected by the epidemic situation. In addition, the company further implemented the network Flattening Reform during the period. In order to maintain the network stability and improve the market share, the company increased the market policy support.

Secondly, in this period, the company strengthened the refined management of the headquarters and provinces, increased the market development, and increased the sales expenses. Thirdly, the interest paid by the company to the bank's short-term loans and corporate bonds increased, resulting in an increase in financial expenses.

Shentong express also said that the performance forecast data is the result of preliminary calculation by the company's financial department, and the specific financial data of the company's semi annual report in 2020 shall prevail.