BEST Income Statement 2021-2011 | BEST

Brief overview of financial results at BEST

This overview is based on financial performance over the past five years. The revenue attributed to BEST moved from 8.8 billion yuan to 11.4 billion yuan between the two endpoints. The five-year change reached +29.2%, while CAGR stood at 5.3%. Revenue advanced gradually over the five-year period.

The five-year change in gross profit reached +62.6%: from −532 million yuan to −199 million yuan. The relationship between sales and direct costs improved over the period. Comparing the endpoints gives gross margins of −6% and −1.7%. The expansion indicates stronger pricing power or better control of direct costs.

The operating result measured by EBITDA moved from −1.2 billion yuan to −1.3 billion yuan, or −10.2%. EBITDA lagged revenue, showing weaker operating momentum. Comparing the endpoints gives EBITDA margins of −13% and −11.1%. The operating margin showed no pronounced shift.

Across the five years, the net result shifted from −1.4 billion yuan to 262 million yuan. The return to profit marks a meaningful recovery in the final result.

Financial takeaway

The results present an uneven picture without one dominant signal. The positive side is supported by revenue expansion, improving net profitability and higher operating efficiency. The overall view is constrained by a low gross margin and a low EBITDA margin. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.