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ZTO Express (Cayman) Inc., the leading express delivery company in China by parcel volume, has established itself as a cornerstone in the logistics and e-commerce sectors. Founded in 2002 and headquartered in Shanghai, ZTO operates through a highly scalable network partner model. This approach integrates first-mile pickup and last-mile delivery services provided by its local network partners with the company's centralized line-haul transportation and sorting services. This synergy ensures efficient and reliable delivery solutions across China and key international markets.
As of December 31, 2016, ZTO's extensive network covers over 96% of China's cities and counties, making it a critical enabler of the country's rapidly growing e-commerce market. The company has garnered substantial market share, capturing 22.1% of the parcel volume in 2022, positioning it as an indispensable service provider for major e-commerce giants such as Alibaba and JD.com.
ZTO's continuous growth is driven by strategic partnerships and sound financial performance. As of June 30, 2023, Alibaba Group holds an 11.7% interest in the company, underscoring a robust strategic alignment. The founder, Meisong Lai, remains instrumental as Chairman and CEO, holding a 77% voting right stake, ensuring a clear vision and steady leadership.
Recent corporate developments highlight ZTO's momentum and adaptability. In 2023, the company achieved a remarkable parcel volume of 30.2 billion, reflecting year-on-year growth of 23.8%. This success is attributed to ZTO's focus on balanced development, emphasizing long-term strategic goals and operational excellence.
Looking ahead, ZTO is committed to enhancing its service offerings and expanding its international footprint. Key initiatives include strengthening safety measures, improving service capabilities, and fostering innovation. The company's roadmap for 2024 underscores a comprehensive approach combining development, security, and efficiency, aiming for high-quality growth and sustained market leadership.
For more information, please visit ZTO Investor Relations.
ZTO Express reported strong Q3 2024 financial results with parcel volume increasing 15.9% to 8.7 billion packages. Revenue grew 17.6% to RMB10.7 billion, while adjusted net income rose 2.0% to RMB2.4 billion. The company's core express ASP increased 1.8%, benefiting from improved key accounts mix. Operating efficiency improved with combined unit sorting and transportation costs decreasing 8.4%. However, ZTO revised down its annual volume targets, now expecting 33.7-33.9 billion parcels for 2024, representing 11.6-12.3% year-over-year growth.
ZTO Express, a leading express delivery company in China, has announced it will release its unaudited financial results for the third quarter ended September 30, 2024 after the U.S. market closes on November 19, 2024. The company will host an earnings conference call at 7:30 P.M. U.S. Eastern Time on the same day (8:30 A.M. Beijing Time on November 20, 2024).
The press release provides dial-in details for the conference call, including numbers for the United States, Hong Kong, Singapore, Mainland China, and international callers. A replay of the call will be available through November 26, 2024. Additionally, a live and archived webcast of the conference call will be accessible on the company's investor relations website.
ZTO Express reported strong Q2 2024 results with a 10.1% increase in revenues to RMB10.7 billion (US$1.48 billion) and a 10.9% rise in adjusted net income to RMB2.8 billion (US$386.1 million). The company achieved a 10.1% increase in parcel volume to 8.45 billion. Key financial metrics showed positive performance: gross profit rose 9.6% to RMB3.62 billion, adjusted EBITDA increased 11.7% to RMB4.34 billion, and net income grew 3.3% to RMB2.61 billion. Basic and diluted earnings per ADS were RMB3.24 (US$0.45) and RMB3.16 (US$0.43) respectively. Operational highlights include over 31,000 pickup/delivery outlets and 10,000 self-owned line-haul vehicles. The company announced an interim dividend of US$0.35 per ADS/share. ZTO reaffirms its 2024 parcel volume guidance of 15%-18% growth. The company's market share decreased by 2% to 19.6% despite overall industry growth.
ZTO Express, a leading express delivery company in China, has announced the release date for its second quarter and half-year interim financial results for 2024. The unaudited results will be disclosed after the U.S. market closes on August 20, 2024. Following the release, ZTO's management team will host an earnings conference call at 8:30 P.M. U.S. Eastern Time on the same day (8:30 A.M. Beijing Time on August 21, 2024).
The company has provided dial-in details for investors and analysts to participate in the conference call, including numbers for the United States, Hong Kong, Singapore, Mainland China, and international callers. A replay of the call will be available until August 27, 2024. Additionally, a live and archived webcast of the conference call will be accessible on ZTO's investor relations website.
Nisun International (NISN) has announced a significant partnership milestone with ZTO Yunpei, a subsidiary of ZTO Express. The companies have signed a purchase agreement for egg supply, resulting in sales exceeding 500 million RMB (approximately 68.7 million USD) to date. Nisun International, capable of supplying over 20 million eggs daily, has accumulated egg sales of over 5 billion RMB (approximately 687.9 million USD).
This strategic partnership leverages ZTO Yunpei's extensive network and logistics capabilities to expand Nisun's reach in China's thriving egg market. The market is projected to reach 10.32 billion kg by 2029, with an expected revenue of US$22.50 billion in 2024. This collaboration is poised to drive significant growth for both companies, capitalizing on the increasing demand for eggs in China.
ZTO Express announced the successful adoption of several resolutions at its annual general meeting held in Hong Kong on June 18, 2024. Shareholders approved the audited financial statements for the year ending December 31, 2023, and re-elected Mr. Xudong Chen, Mr. Qin Charles Huang, Mr. Herman Yu, and Mr. Tsun-Ming (Daniel) Kao as directors. Deloitte Touche Tohmatsu was re-appointed as the company's auditor. A general mandate was granted to the board to issue, allot, and repurchase Class A Ordinary Shares, with a limit of 20% of the total issued and outstanding shares for issuance and 10% for repurchase.
ZTO Express announced its unaudited financial results for Q1 2024. Parcel volume grew 13.9% to 7.2 billion, with adjusted net income rising 15.8% to RMB2.2 billion. Revenues increased 10.9% to RMB9,960.0 million, and gross profit surged 19.0% to RMB3,002.1 million. However, net income declined 13.0% to RMB1,447.7 million. Adjusted EBITDA rose 16.8% to RMB3,660.4 million, while net cash from operating activities fell to RMB2,031.0 million. CEO Meisong Lai emphasized a strategic focus on service quality over volume growth, with expectations of continued industry growth. CFO Huiping Yan highlighted cost management achievements and anticipated long-term industry growth.
ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057), a leading express delivery company in China, announced the release of its unaudited financial results for the first quarter ended March 31, 2024, after the U.S. market closes on May 15, 2024. The earnings conference call will be hosted at 8:30 P.M. U.S. Eastern Time on the same day. The company's management team will provide dial-in details for the conference call and a replay of the call. Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website.
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