XML 22 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
CNY (¥)
¥ / shares
shares
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2022
CNY (¥)
¥ / shares
shares
Dec. 31, 2021
CNY (¥)
¥ / shares
shares
Revenue        
Total revenue ¥ 8,315,844 $ 1,171,262 ¥ 7,744,072 ¥ 11,425,836
Cost of revenue        
Total cost of revenue (8,065,407) (1,135,989) (8,007,630) (11,625,224)
Gross (loss) profit 250,437 35,273 (263,558) (199,388)
Selling expenses (256,621) (36,144) (237,918) (260,219)
General and administrative expenses (including operating costs paid to a related party of RMB 13,608, RMB 9,041 and RMB 6,845 (US$964) for the years ended December 31, 2021, 2022 and 2023, respectively) (737,775) (103,913) (889,345) (881,498)
Research and development expenses (115,917) (16,327) (144,181) (180,204)
Impairment of long-lived assets (94,699) (13,338)    
Other operating income, net 2,658 374 108,817 58,337
Total operating expenses (1,202,354) (169,348) (1,162,627) (1,263,584)
Loss from operations (951,917) (134,075) (1,426,185) (1,462,972)
Interest income 83,810 11,805 80,361 49,658
Interest expense (including interest expense to related parties of RMB 63,561, RMB 62,192 and RMB 35,108 (US$4,945) for the years ended December 31, 2021, 2022 and 2023, respectively) (64,283) (9,055) (89,058) (142,751)
Foreign exchange gain (loss) (14,010) (1,974) (132,730) 44,556
Other income, net 6,613 931 31,677 265,822
(Loss) Gain on change in fair value of derivative assets and derivative liabilities 32,322 4,553 71,619 (14,918)
Loss before income taxes and share of net loss of equity investees (907,465) (127,815) (1,464,316) (1,260,605)
Income tax expense (1,141) (161) (511) (3,198)
Loss before share of net loss of equity investees (908,606) (127,976) (1,464,827) (1,263,803)
Share of net loss of equity investees | ¥       (58)
Net loss from continuing operations (908,606) (127,976) (1,464,827) (1,263,861)
Net income (loss) from discontinued operations, net of tax 15,222 2,144 (38,464) 1,473,489
Net income (loss) (893,384) (125,832) (1,503,291) 209,628
Net loss from continuing operations attributable to non-controlling interests (78,982) (11,124) (39,980) (52,279)
Net income (loss) attributable to BEST Inc. ¥ (814,402) $ (114,708) ¥ (1,463,311) ¥ 261,907
Basic        
Continuing operations | (per share) ¥ (2.18) $ (0.31) ¥ (3.63) ¥ (3.12)
Discontinued operations | (per share) 0.04 0.01 (0.10) 3.80
Diluted        
Continuing operations | (per share) (2.18) (0.31) (3.63) (3.12)
Discontinued operations | (per share) 0.04 0.01 (0.10) 3.80
Basic net earnings (loss) per share attributable to Class A, Class B and Class C ordinary shareholders | (per share) (2.14) (0.30) (3.73) 0.68
Diluted net earnings (loss) per share attributable to Class A, Class B and Class C ordinary shareholders | (per share) (2.14) (0.30) (3.73) 0.68
Net earnings (loss) per ADS (1 ADS equals 20 Class A ordinary shares)        
Basic net earnings (loss) per ADS | (per share) (42.70) (6.01) (74.60) 13.60
Diluted net earnings (loss) per ADS | (per share) ¥ (42.70) $ (6.01) ¥ (74.60) ¥ 13.60
Other comprehensive (loss) income, net of tax of nil        
Foreign currency translation adjustments ¥ (5,295) $ (746) ¥ 17,085 ¥ (44,298)
Comprehensive loss from continuing operations (913,901) (128,722) (1,447,742) (1,308,159)
Comprehensive income (loss) from discontinued operations 15,222 2,144 (38,464) 1,473,489
Comprehensive loss from continuing operations attributable to non-controlling interests (78,982) (11,124) (39,980) (52,279)
Comprehensive income (loss) attributable to BEST Inc. ¥ (819,697) $ (115,454) ¥ (1,446,226) ¥ 217,609
Class A ordinary shares        
Basic        
Continuing operations | (per share) ¥ (2.18) $ (0.31) ¥ (3.63) ¥ (3.12)
Diluted        
Continuing operations | (per share) (2.18) (0.31) (3.63) (3.12)
Discontinued operations | (per share) 0.04 0.01 (0.10) 3.80
Basic net earnings (loss) per share attributable to Class A, Class B and Class C ordinary shareholders | (per share) (2.14) (0.30) (3.73) 0.68
Diluted net earnings (loss) per share attributable to Class A, Class B and Class C ordinary shareholders | (per share) (2.14) (0.30) (3.73) 0.68
Net earnings (loss) per ADS (1 ADS equals 20 Class A ordinary shares)        
Basic net earnings (loss) per ADS | (per share) (42.70) (6.01) (74.60) 13.60
Diluted net earnings (loss) per ADS | (per share) ¥ (42.70) $ (6.01) ¥ (74.60) ¥ 13.60
Shares used in net earnings (loss) per share computation:        
Basic (in shares) 239,563,290 239,563,290 250,326,701 246,207,464
Diluted (in shares) 381,429,237 381,429,237 392,192,648 388,073,411
Class B ordinary shares        
Basic        
Continuing operations | (per share) ¥ (2.18) $ (0.31) ¥ (3.63) ¥ (3.12)
Diluted        
Continuing operations | (per share) (2.18) (0.31) (3.63) (3.12)
Discontinued operations | (per share) 0.04 0.01 (0.10) 3.80
Basic net earnings (loss) per share attributable to Class A, Class B and Class C ordinary shareholders | (per share) (2.14) (0.30) (3.73) 0.68
Diluted net earnings (loss) per share attributable to Class A, Class B and Class C ordinary shareholders | (per share) (2.14) (0.30) (3.73) 0.68
Net earnings (loss) per ADS (1 ADS equals 20 Class A ordinary shares)        
Basic net earnings (loss) per ADS | (per share) (42.70) (6.01) (74.60) 13.60
Diluted net earnings (loss) per ADS | (per share) ¥ (42.70) $ (6.01) ¥ (74.60) ¥ 13.60
Shares used in net earnings (loss) per share computation:        
Basic (in shares) 94,075,249 94,075,249 94,075,249 94,075,249
Diluted (in shares) 94,075,249 94,075,249 94,075,249 94,075,249
Class C ordinary shares        
Basic        
Continuing operations | (per share) ¥ (2.18) $ (0.31) ¥ (3.63) ¥ (3.12)
Diluted        
Continuing operations | (per share) (2.18) (0.31) (3.63) (3.12)
Discontinued operations | (per share) 0.04 0.01 (0.10) 3.80
Basic net earnings (loss) per share attributable to Class A, Class B and Class C ordinary shareholders | (per share) (2.14) (0.30) (3.73) 0.68
Diluted net earnings (loss) per share attributable to Class A, Class B and Class C ordinary shareholders | (per share) (2.14) (0.30) (3.73) 0.68
Net earnings (loss) per ADS (1 ADS equals 20 Class A ordinary shares)        
Basic net earnings (loss) per ADS | (per share) (42.70) (6.01) (74.60) 13.60
Diluted net earnings (loss) per ADS | (per share) ¥ (42.70) $ (6.01) ¥ (74.60) ¥ 13.60
Shares used in net earnings (loss) per share computation:        
Basic (in shares) 47,790,698 47,790,698 47,790,698 47,790,698
Diluted (in shares) 47,790,698 47,790,698 47,790,698 47,790,698
Freight delivery        
Cost of revenue        
Total cost of revenue ¥ (5,206,967) $ (733,386) ¥ (5,114,937) ¥ (8,506,738)
Supply chain management        
Cost of revenue        
Total cost of revenue (1,700,467) (239,506) (1,711,818) (1,741,832)
Global        
Cost of revenue        
Total cost of revenue (1,131,484) (159,366) (1,081,587) (1,258,511)
Others        
Cost of revenue        
Total cost of revenue (26,489) (3,731) (99,288) (118,143)
Third parties        
Revenue        
Total revenue 8,029,690 1,130,958 7,347,297 10,886,138
Third parties | Freight delivery        
Revenue        
Total revenue 5,314,447 748,524 4,843,121 8,244,435
Third parties | Supply chain management        
Revenue        
Total revenue 1,824,984 257,043 1,678,619 1,476,743
Third parties | Global        
Revenue        
Total revenue 783,952 110,418 708,745 992,518
Third parties | Others        
Revenue        
Total revenue 106,307 14,973 116,812 172,442
Related Parties        
Revenue        
Total revenue 286,154 40,304 396,775 539,698
Related Parties | Freight delivery        
Revenue        
Total revenue 89,948 12,669 45,157  
Related Parties | Supply chain management        
Revenue        
Total revenue 33,645 4,739 143,456 338,361
Related Parties | Global        
Revenue        
Total revenue ¥ 162,561 $ 22,896 ¥ 208,162 ¥ 201,337