Shipping Contribution Taihua’s October revenue increased 1.25 times year-on-year, setting a new monthly high in more than four years

Taihua International Holdings' consolidated revenue in October was 3.358 billion yuan, a monthly increase of 12.09% and an annual increase of 125.54%, setting a new monthly high in more than four years; the cumulative consolidated revenue for the first ten months was 23.497 billion yuan, an annual increase of 34.02%.

Looking forward to the fourth quarter, Taihua Holdings stated that it will continue to pay attention to international trade policies, supply and demand on major routes, and high-tech industry shipment trends, strengthen market development and transportation resource allocation for the core business of sea and air transportation, and deepen the professional development and business cooperation of each subsidiary. While expanding its operating scale, the Group will also attach great importance to customer and supply structure, gross profit management, operational efficiency and risk control, take into account business growth and profit quality, and continue to promote long-term stable development.

Taihua pointed out that observing the international logistics market, global trade policies, supply chain layout, and transportation supply and demand continue to change, and freight demand in different regions and industries shows differentiated development. The shipping market is affected by shipping company capacity allocations, route freight fluctuations and customer supply chain adjustments; the air freight market is supported by the peak cargo season in the fourth quarter and shipment demand from high-tech industries.

Taihua pointed out that the revenue growth in October was mainly driven by the shipping business. Benefiting from factors such as customer expansion, increased freight volume and changes in route freight rates, shipping revenue more than doubled year-on-year; the air freight business also maintained growth with the fourth quarter freight season and high-tech industry shipment demand.

Taihua said that its shipping business revenue in October was 2.387 billion yuan, a monthly increase of 12.28% and an annual increase of 204.22%, which was the main driving force for the group's high revenue.

Air freight business revenue in October was 662 million yuan, a monthly increase of 9.66% and an annual increase of 43.88%. Taihua stated that the supply chain activities of artificial intelligence, semiconductors, electronic components and related high-tech equipment continue to develop, driving air cargo business opportunities with time-sensitive and professional transportation needs.

In addition, China-Europe Railway's revenue in October was 82 million yuan, an annual increase of 42.65%; domestic trade logistics revenue was 228 million yuan, an annual increase of 21.78%, both increased compared with the same period last year.