Welcome to our dedicated page for Zto Expresscayma news (Ticker: ZTO), a resource for investors and traders seeking the latest updates and insights on Zto Expresscayma stock.
ZTO Express (ZTO) is a leader in China's logistics sector, providing express delivery services through its innovative network partner model. This page aggregates official announcements and market-moving developments for investors tracking the company's growth in e-commerce logistics.
Access timely updates including quarterly earnings reports, strategic partnerships, and operational expansions. Our curated news collection helps stakeholders monitor ZTO's network optimization efforts and international growth initiatives.
Key coverage areas include service innovations, infrastructure investments, and regulatory developments affecting China's logistics landscape. Bookmark this page for streamlined access to ZTO's financial communications and market analysis relevant to the express delivery sector.
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.
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