On June 3, J&T Global Express-W fell 3.07% in regular trading, trading at HK$8.86/share, with trading volume of HK$89.38 million.
The decline was driven by persistent fundamental headwinds compounded by broad-based selling across the logistics sector. In Q1, the company's network partners decreased by 100, service outlets shrank by 200, and trunk-line vehicles were reduced by 300, highlighting an ongoing disconnect between scale and profitability in its China operations.
The China market remains under pressure, with single-parcel revenue declining from US$0.32 to US$0.30 and revenue growth of just 5% — far below the 11.4% growth in parcel volume. Market share edged down to 11.1% from 11.3%, suggesting the company's price-driven growth model is losing effectiveness. Adjusted EBIT and EBITDA in China both deteriorated significantly year-over-year.
Sector-wide weakness amplified selling pressure, with JD Logistics down 3.83%, SF Intra-City down 5.11%, and SF Holding down 1.12% in the same session.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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