May 31, 2023 / 01:00AM GMT
Operator
Good morning, good afternoon, good evening. Welcome to the BEST Inc. First Quarter 2023 Results Conference Call. (Operator Instructions) Please note, this event is being recorded.
I would now like to turn the conference over to Mr. Johnny Chou, CEO. Please go ahead.
Shao-Ning Chou - BEST Inc. - Founder, Chairman of the Board & CEO
Thank you, operator. Hello, everyone, and thank you for joining BEST's First Quarter 2023 Earnings Call today.
We delivered an exceptionally strong Q1 2023, demonstrating financial improvements across our business despite the seasonally slow first quarter and lingering effects of COVID.
The group's bottom line has improved significantly by narrowing the net loss by 32.2% compared to Q1 2022, with BEST Supply Chain Management delivering net profit in the quarter and BEST Freight reaching profitability in February and March. BEST Global has also turned a corner, delivering an improved financial and operational results compared with Q4 2022. In addition, both Supply Chain Management and
Q1 2023 BEST Inc Earnings Call Transcript
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