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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.