Zto Expresscayma Stock Price, News & Analysis

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.

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.