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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 (NYSE: ZTO) reported strong Q1 2022 results, with revenues reaching RMB7.9 billion, a 22.1% increase YoY. The company handled 5.2 billion parcels, up 16.8%, boosting its market share to 21.6%. Adjusted net income surged 34.9% to RMB1.1 billion, and adjusted EBITDA rose 36.4% to RMB2 billion. Despite challenges from Omicron lockdowns, ZTO generated RMB1.1 billion in operating cash flow, up 131.8%. The company expects annual parcel volume growth of 12% to 16%. Overall, ZTO demonstrates solid performance despite industry headwinds.
ZTO Express (Cayman) Inc. (NYSE: ZTO) will announce its unaudited financial results for Q1 2022 on May 25, 2022, after U.S. market close. An earnings conference call will follow at 8:30 PM U.S. Eastern Time. ZTO is a leader in China's express delivery market, offering extensive logistics services through a scalable network partner model that supports e-commerce growth. Investors can access the live call and a replay through the company's investor relations website.
ZTO Express, a leading express delivery company in China, announced an update regarding its status under the Holding Foreign Companies Accountable Act (HFCAA). On May 4, 2022, the SEC provisionally identified ZTO as a Commission-Identified Issuer due to its auditor's working papers not being fully inspectable by the PCAOB for the fiscal year ending December 31, 2021. If this situation persists for three consecutive years, ZTO's shares could face trading prohibitions in the U.S. The company is exploring solutions to protect stakeholder interests while ensuring compliance with both Chinese and U.S. regulations.
ZTO Express (Cayman) Inc. (NYSE: ZTO) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC, as announced on April 28, 2022. This report includes audited consolidated financial statements and is available on their investor relations website. Additionally, ZTO has published its annual report for Hong Kong listing requirements, highlighting its fast-growing express delivery services across China. The company remains focused on supporting e-commerce growth through its scalable network partner model.
ZTO Express announced strong financial results for Q4 and FY 2021, with revenues up 11.6% to RMB9.2 billion ($1.45 billion) in Q4.
Annual revenues reached RMB30.4 billion ($4.77 billion), a 20.6% increase year-over-year.
Net income for the quarter was RMB1.7 billion ($274.2 million), a 35.3% rise compared to Q4 2020, while adjusted net income reached RMB1.7 billion ($273.9 million).
The company also declared a special dividend of $0.25 per ADS for 2021. ZTO maintained a market share of 20.6%, handling 22.3 billion parcels, up 31.1% from the previous year, as price competition stabilized.
ZTO Express (Cayman) Inc. (NYSE: ZTO) has announced it will release its unaudited financial results for the fourth quarter and fiscal year 2021, ending December 31, 2021, on March 16, 2022, after U.S. market close. The earnings conference call is set for 8:30 PM ET the same day. ZTO, a leading express delivery company in China, operates a scalable network partner model aimed at supporting the growth of e-commerce in the region. Investors can access the results and listen to the conference call via the company's investor relations website.
ZTO Express, a leading express delivery company in China, held its 2022 Nationwide Network Conference on January 13, 2022, in Shanghai. In 2021, ZTO delivered 22.3 billion parcels, achieving a 31.1% year-over-year growth and becoming the first express delivery firm globally to surpass 20 billion parcels annually. Chairman Meisong Lai projected positive growth prospects for China's express delivery industry and outlined nine initiatives for 2022 focused on enhancing service quality and operational efficiency, aiming for market share gain and earnings expansion.
Jiuzi Holdings, Inc. (NASDAQ: JZXN) has announced a two-year strategic cooperation agreement with Shanghai Zhongtongji E-Commerce Co. Ltd. This partnership will explore the application of new energy delivery vehicles to enhance "green" logistics. Zhejiang Jiuzi will provide vehicles and optimal discounts to Zhongtongji's major clients. The collaboration aims at expanding into the E-Commerce logistics segment, catering to the increasing demand from domestic E-commerce and government initiatives promoting new energy vehicles. This agreement is seen as a significant recognition of Jiuzi's brand in the retail market.
ZTO Express reported a 23.3% increase in parcel volume, reaching 5.7 billion parcels during Q3 2021. Revenues surged by 11.3% to RMB 7.39 billion (US$1.15 billion), while gross profit rose 12.7% to RMB 1.57 billion (US$243 million). However, net income fell by 5.2% to RMB 1.15 billion (US$178 million) due to a previous tax refund. The company has revised its annual guidance, projecting parcel volume to range between 22.2 billion and 22.7 billion, marking a 30.6% to 33.5% year-over-year increase.
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