Zto Expresscayma Stock Price, News & Analysis

ZTO Express (Cayman) Inc. (NYSE: ZTO) announced it will release its unaudited financial results for Q1 2023 on May 17, 2023, after U.S. market closing. A conference call will follow on the same day at 8:30 PM U.S. Eastern Time. This event will provide investors insights into the company's performance and growth strategies in the fast-evolving express delivery sector in China. ZTO operates a scalable network partner model to support e-commerce growth, utilizing a combination of its own operations and partnerships for delivery services. The financial results will be crucial for assessing ZTO's market position and operational efficiency against industry trends.

ZTO Express (Cayman) Inc. (NYSE: ZTO) announced on April 20, 2023, the substantial completion of an independent investigation regarding allegations made by short-seller Grizzly Research. The investigation, led by the Audit Committee with the help of external advisors, addressed claims from reports published on March 2 and March 17, 2023. The Audit Committee concluded that the allegations from both reports lack substantiation. This development is significant for ZTO as it restores credibility and may positively influence investor confidence.

ZTO Express (Cayman) Inc. (NYSE: ZTO), a leading express delivery company in China, announced the filing of its annual report on Form 20-F with the U.S. Securities and Exchange Commission for the fiscal year ended December 31, 2022. This report is available on the company's investor relations website and the SEC's website. Additionally, ZTO has published its annual report for Hong Kong regulatory compliance. The company is recognized for its scalable network model which supports the growth of e-commerce in China, providing a range of logistics services across a reliable nationwide network.

ZTO Express (Cayman) Inc. (NYSE: ZTO) announced the adoption of several resolutions at its extraordinary general meeting held in Hong Kong on April 14, 2023. The resolutions include a general mandate for the directors to issue up to 20% of the total issued and outstanding class A ordinary shares, and to repurchase up to 10% of the total shares. Additionally, the Company received approval to extend the share issuance mandate by the number of shares repurchased. A special resolution was also passed to amend and restate the articles of association. These actions are aimed at enhancing the Company's flexibility in capital management and supporting its growth strategy in the competitive express delivery market in China.

ZTO Express (NYSE: ZTO) reported its fourth quarter and fiscal year 2022 results, highlighting a 37.6% increase in adjusted net income to RMB6.8 billion despite economic challenges. The company achieved a 9.4% year-over-year growth in parcel volume, reaching 24.4 billion parcels and expanding its market share by 1.5 percentage points to 22.1%. Total revenues increased by 16.3% to RMB35.4 billion. For Q4, revenues were RMB9.9 billion, a rise of 7.1%, with net income up 21.8% to RMB2.1 billion. A special dividend of US$0.37 per ADS was announced for 2022.

ZTO Express (Cayman) Inc. (NYSE: ZTO) announced on March 9, 2023, that its Audit Committee will conduct an Independent Investigation following allegations made in a March 2 report by Grizzly Research. This decision aims to protect shareholder interests. The investigation will be supported by independent advisors, including a law firm and a forensic accounting firm. ZTO emphasizes its commitment to corporate governance and compliance with regulations. Updates regarding the investigation will be provided in accordance with SEC and stock exchange rules.

ZTO Express (Cayman) Inc. (NYSE: ZTO) announced an extraordinary general meeting (EGM) of shareholders on April 14, 2023, at 2 p.m. in Hong Kong. The EGM will address and seek approval for proposed resolutions detailed in the EGM Notice available on the company's website. Only shareholders recorded by March 13, 2023, will be entitled to vote. For American depositary shares (ADSs), voting instructions must be provided to JPMorgan Chase Bank. The meeting will also be accessible via an online webcast for eligible shareholders. ZTO is a leading express delivery company in China, focusing on e-commerce logistics.

ZTO Express (Cayman) Inc. (NYSE: ZTO) addressed allegations from Grizzly Research, a short seller, claiming the report is baseless and filled with errors and misunderstandings regarding the company’s operations. ZTO's board, including the audit committee, is reviewing these allegations and will act to protect shareholders' interests. The company emphasizes its commitment to high standards of corporate governance and timely disclosures. ZTO operates a scalable logistics network in China, primarily focused on e-commerce delivery services, and asserts its ongoing dedication to transparency and compliance with regulations.