Q2 2022 BEST Inc Earnings Call Transcript
Good day, and welcome to the BEST Inc. Second Quarter 2022 Results Conference Call. (Operator Instructions) Please note this event is being recorded. I would now like to turn the conference over to Johnny Chou, Chairman and CEO of BEST Inc. Please go ahead, sir.
Thank you, operator. Hello, everyone, and thank you for joining BEST's second quarter earnings call today.
In the second quarter, the pandemic resurgence and the impact of overall economic growth in China and Southeast Asia, with our operational resilience and the continuous efforts in process improvements and cost reductions, BEST prevailed and became even stronger. I'm pleased that in Q2, BEST SCM has achieved the profitability while BEST Freight has significantly narrowed its losses. In addition, our U.S. operations continue to be profitable for the quarter.
As we refocuses on our core business, we are continuing the process of winding down BEST Capital, and we incurred additional costs as
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |