China's courier giant YTO Express Co. Ltd. Thursday announced a net profit rise of 15.66 percent for the first quarter of 2019.

In a filing to the Shenzhen Stock Exchange, YTO Express said the net profit attributable to its shareholders totalled 365 million yuan (54.3 million U.S. dollars) in Q1.

The Shanghai-based company's revenue rose 20.65 percent year on year to 6.44 billion yuan in the said period.

Shares of YTO Express dropped 2.06 percent by 10:10 a.m. Thursday in Shenzhen.