Welcome to our dedicated page for ZTO Express (Cayman) American Depositary Shares, each representing one news (Ticker: ZTO), a resource for investors and traders seeking the latest updates and insights on ZTO Express (Cayman) American Depositary Shares, each representing one stock.
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 (Cayman) Inc. (NYSE: ZTO) has appointed Ms. Fang Xie as an independent director, effective immediately. This brings the total board members to ten, with six independent directors. Ms. Xie has extensive experience, having worked as a portfolio manager and previously as CFO of Global Logistic Properties. Her background includes significant roles at General Electric and successful public listings. ZTO is a leader in express delivery in China, leveraging a scalable partner network to enhance e-commerce growth.
ZTO Express (Cayman) Inc. (NYSE: ZTO) will release its unaudited financial results for Q3 2021 on November 17, 2021, after U.S. markets close. An earnings conference call is scheduled for 7:30 P.M. ET on the same day, allowing investors to discuss the results directly with management. The call can be accessed through various international phone lines. ZTO is recognized as a leading express delivery service in China, supporting the booming e-commerce market.
ZTO Express (NYSE: ZTO) reported its Q2 2021 financial results, with revenues increasing by 14.4% to RMB7.33 billion, driven by a 25.6% rise in parcel volume. However, adjusted net income dropped 12.5% to RMB1.27 billion, reflecting higher operational costs and a decrease in gross profit by 5.4% to RMB1.67 billion. The company maintains an annual parcel volume guidance of 22.95 to 23.80 billion, expecting a 35% to 40% increase year-over-year. Operating cash flow improved by 54.3% compared to last year, totaling RMB1.93 billion.
ZTO Express (Cayman) Inc. (NYSE: ZTO) will release its unaudited financial results for the second quarter ending June 30, 2021, on August 18, 2021, after U.S. market close. An earnings conference call is scheduled for the same date at 8:30 PM U.S. Eastern Time. ZTO is a leading express delivery company in China, providing extensive logistics services through a scalable network model that supports e-commerce growth. For more information, visit their investor relations website.
ZTO Express (Cayman) Inc. held its annual general meeting in Shanghai on June 2, 2021, where all proposed resolutions received shareholder approval. As a leading express delivery company in China, ZTO supports e-commerce growth through a scalable network partner model for last-mile delivery and line-haul operations. The company aims to enhance its nationwide service coverage, continuing to leverage its reliable logistics network.
ZTO Express reported strong first-quarter 2021 results with revenues of RMB6,472.5 million, a 65.3% increase year-over-year. Adjusted net income rose 23.1% to RMB781.6 million, exceeding expectations. Parcel volume surged 88.5% to 4.475 billion, boosting market share to 20.4%. Despite a 12.4% decline in average selling price, improved operational efficiency led to a 168.3% jump in cash flow from operations, totaling RMB477 million. The company maintains its annual parcel volume guidance between 22.95 billion to 23.80 billion, indicating robust growth potential.
ZTO Express (Cayman) Inc. (NYSE: ZTO) has announced its annual general meeting (AGM) scheduled for June 2, 2021, at 14:00 local time in Shanghai. Shareholders owning shares as of May 12, 2021, are entitled to vote at the AGM. The company's board supports the Proposed Articles and encourages favorable votes on the resolutions. ZTO has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC, and published its annual report for Hong Kong purposes.
ZTO Express (Cayman) Inc. (NYSE: ZTO) will announce its unaudited financial results for the first quarter ending March 31, 2021, on May 19, 2021, after U.S. markets close. A conference call will follow at 8:30 PM ET on the same day. Investors can access the call using various local dial-in numbers, and a replay will be available until May 26, 2021. ZTO is a leading express delivery company in China, leveraging a scalable network partner model to support e-commerce growth across the nation.
ZTO Express (Cayman) Inc. (NYSE: ZTO) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC on April 21, 2021. The report includes audited financial statements and can be accessed via the Company's investor relations website. Additionally, an annual report for Hong Kong purposes has been published. ZTO, a leading express delivery firm in China, operates a scalable network model to support e-commerce growth in the region, focusing on efficient last-mile delivery and extensive nationwide coverage.
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