BEST Inc - ADR

BEST, Inc. is a holding company, which engages in the smart supply chain services. It operates through the following business segments: Freight, Supply Chain Management, Global, and Others. The company was founded by Shao Ning Chou in 2007 and is headquartered in Hangzhou, China.

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BEST Inc (NYSE: BEST) reported a second-quarter revenue decline of 5% year-over-year to $1.14 billion (RMB7.37 billion), reflecting a decrease in the average selling price in Express and Freight business segments. The company reported a gross loss of $(22.4) million, with a gross loss margin of (2.0)%.

BEST Q2 Revenue Declines 5% Hit By Lower ASP

BEST's (BEST) CEO Johnny Chou on Q2 2021 Results - Earnings Call Transcript

HANGZHOU, China, Aug. 17, 2021 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China, today announced its unaudited financial results for the quarter ended June 30, 2021. Johnny Chou, Founder, Chairman and Chief Executive Officer of BEST, commented, "In the second quarter we continued to press forward with our strategic refocusing plan and build on the encouraging signs we are seeing in network stability, service quality, and cost reduction, while adapting to the competitive industry landscape.

BEST Inc. Announces Unaudited Second Quarter 2021 Financial Results

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HANGZHOU, China, Aug. 3, 2021 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China, today announced that it will release its unaudited financial results for the second quarter ended June 30 2021, after the U.S. market closes on Tuesday, August 17, 2021. The Company will hold a conference call to discuss the financial results at 9:00pm U.S. Eastern Time on Tuesday, August 17, 2021, or 09:00am Beijing Time on Wednesday, August 18, 2021.

BEST Inc. to Announce Second Quarter 2021 Financial Results on August 17, 2021

HANGZHOU, China, Aug. 1, 2021 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China, today launched its full-chain, direct logistics service to ship parcels from China to Thailand, Vietnam and Cambodia. The services will be operated in partnership with Cainiao Smart Logistics Network, ("Cainiao Network"), the logistics arm of Alibaba Group.

BEST Inc. Partners with Cainiao to Launch Cross-border Logistics Services from China to Thailand, Vietnam and Cambodia

Investors need to pay close attention to BEST stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in BEST Stock?

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BEST Inc. (BEST) CEO Johnny Chou on Q1 2021 Results - Earnings Call Transcript

HANGZHOU, China, June 8, 2021 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China, today announced its unaudited financial results for the quarter ended March 31, 2021. Johnny Chou, Founder, Chairman and Chief Executive Officer of BEST, commented, "Our first quarter results reflected a mix of both the progress brought about by our November 2020 strategic refocusing plan and the ongoing challenges we are still facing.

BEST Inc. Announces Unaudited First Quarter 2021 Financial Results

HANGZHOU, China, June 8, 2021 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China, today released its environmental, social, and governance (ESG) report for 2020, which provides an overview of the Company's ESG initiatives introduced last year and an update on their progress. "Any enterprise, when optimizing its business and services, should commit to environmental and social responsibilities by playing to its strengths," said Johnny Chou, Chairman and CEO of BEST, adding that the Company would emphasize high-quality development and enhanced technological innovation to create better value and returns for employees, shareholders, and the society as a whole.

BEST Inc. Publishes ESG 2020 Report

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses.

Earnings Preview: BEST

HANGZHOU, China, May 18, 2021 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China, today announced that it will release its unaudited financial results for the first quarter ended March 31, 2021, after the U.S. market closes on Tuesday, June 8, 2021. The Company will hold a conference call to discuss the financial results at 9:00pm U.S. Eastern Time on Tuesday, June 8, 2021, or 9:00am Beijing Time on Wednesday, June 9, 2021.

BEST Inc. to Announce First Quarter 2021 Financial Results on June 8, 2021

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HANGZHOU, China, April 28, 2021 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission ("SEC") on April 16, 2021. The annual report can be accessed on the SEC's website at http://www.sec.gov as well as on the Company's investor relations website at http://ir.best-inc.com.

BEST Inc. Files Annual Report on Form 20-F for Fiscal Year 2020

As the initial step to the partnership, BEST has sold RMB517 million worth of assets related to its BEST Capital unit to Sinolink Transaction will allow BEST to reinforce its balance sheet, enhance liquidity and allow a greater focus on its core businesses HANGZHOU, China, March 12, 2021 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China, today announced that it has signed a strategic partnership agreement with Sinolink Yongfu Asset Management ("Sinolink"), a subsidiary of Sinolink Securities. According to the agreement, the Company has initially sold RMB517 million worth of its assets pertaining to its external B2C truck leasing business to Sinolink.

BEST Inc. Announces Strategic Partnership with Sinolink Yongfu Asset Management

BEST's (BEST) CEO Johnny Chou on Q4 2020 Results - Earnings Call Transcript

HANGZHOU, China, March 10, 2021 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020. Following the Company's previously announced decision to wind down its Store+ business by the end of 2020, starting with this announcement for the fourth quarter ended December 31, 2020, Store+'s historical financial results for the periods prior to the wind-down will be reflected in the Company's consolidated financial statements as discontinued operations.

BEST Inc. Announces Unaudited Fourth Quarter and Fiscal Year 2020 Financial Results

HANGZHOU, China, Feb. 22, 2021 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China, today announced that it will release its unaudited financial results for the fourth quarter and...

BEST Inc. to Announce Fourth Quarter and Fiscal Year 2020 Financial Results on March 10, 2021

BEST saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.

BEST Surges: Stock Moves 5.4% Higher

The stock price of BEST Inc (NYSE: BEST) is trading at over 20% pre-market today. This is why it happened.

BEST Stock Price Increases Over 20% Pre-Market: Why It Happened

News for BEST Inc - ADR Stock (BEST)