J&T Global Express Ltd B (JTGLF) Q4 2025 Earnings Call

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WEBVTT 00:00:00.330 -- 00:00:05.513 Good day. Welcome to the conference call for J&T Express 2025 Q4 Operating Performance 00:00:05.513 -- 00:00:10.576 Announcement Call. I would like to remind everyone that during the conference, everyone 00:00:10.576 -- 00:00:12.497 will be muted. 00:00:12.497 -- 00:00:15.098 Before the end, we're going to have Q&A section. 00:00:15.098 -- 00:00:19.341 If you need to ask a question, you can press Start 101 on the Chinese line. 00:00:19.341 -- 00:00:23.563 Just remind everyone that this is going to be recorded and this is the English line for 00:00:23.563 -- 00:00:27.945 listening only. Now, give the call back to the management. 00:00:27.945 -- 00:00:33.329 Hello, everyone. Welcome to the conference call of G&T Express 2025 Q4 performance announcement. 00:00:33.329 -- 00:00:37.893 This is Frank. Today, the materials have been disseminated through emails to everyone 00:00:37.893 -- 00:00:43.518 and updated to our website. Today, we have CFO on G&T Express, Dylan, 00:00:43.518 -- 00:00:47.000 and Hai Bing, Director of the 3D Investment and Capital Markets. 00:00:47.000 -- 00:00:49.442 We're going to have two parts for this meeting. 00:00:49.442 -- 00:00:53.846 First of all, Hai Bing will be introducing the company performance in 2025 Q4 and then 00:00:53.846 -- 00:00:57.360 moving to Q&A section. where the management will answer your questions. 00:00:57.360 -- 00:01:01.662 Hi, Bing, please. Hello, everyone. This is Hi, Bing. 00:01:01.662 -- 00:01:07.223 It's very glad for us to give you announcements of our performance in 2025 Q4. 00:01:07.223 -- 00:01:12.644 The parcel volume reached 8.46 billion pieces, representing year-end growth of 14.5%. 00:01:12.644 -- 00:01:17.666 Total parcel volume for the entire year amounted to 30.13 billi...