Zto Expresscayma Stock Price, News & Analysis

ZTO Express (Cayman) Inc. (NYSE: ZTO) held its 2023 Nationwide Network Conference in Shanghai on February 7, 2023. The company reported a 9.4% year-over-year increase in parcel volume, reaching 24.39 billion parcels in 2022, and a market share growth to 22.1%. ZTO is focused on enhancing operational safety, business development, quality improvements, and ecological collaboration. Chairman Meisong Lai emphasized the commitment to high-quality growth and improving service capabilities to meet diverse market demands. The company aims to strengthen its core operations and expand its ecosystem in 2023, marking a significant year for its future growth.

ZTO Express (Cayman) Inc. (NYSE: ZTO) announced its application for a voluntary conversion to a dual-primary listing on the Hong Kong Stock Exchange, expected to take effect on May 1, 2023, pending approval. The company has also entered into multiple continuing connected transactions as part of its business operations. Additionally, ZTO plans to propose a share repurchase mandate for up to 10% of its Class A ordinary shares and an issuance mandate for up to 20%. The company aims to update its memorandum and articles of association in compliance with Hong Kong Listing Rules.

ZTO Express announces its decision to pursue a voluntary conversion to a dual-primary listing on the Hong Kong Stock Exchange. The Board has authorized senior management to initiate necessary preparations. The conversion remains contingent upon market conditions and regulatory approvals. Following this change, ZTO will continue to be listed on both the Hong Kong Stock Exchange and the New York Stock Exchange. This move aims to enhance its visibility and accessibility to investors.

ZTO Express (Cayman) Inc. (NYSE: ZTO) will announce its unaudited financial results for Q3 2022, which ended on September 30, after U.S. market close on November 21, 2022. An earnings conference call is scheduled for 7:30 PM ET on the same day, with a replay available until November 28, 2022. ZTO is recognized as a leading express delivery company in China, leveraging a scalable network model to support e-commerce growth. The Company focuses on controlling key logistics operations while collaborating with network partners for delivery services.

ZTO Express (Cayman) Inc. has successfully closed a US$1 billion offering of convertible senior notes due 2027, with the offering completed on August 29, 2022. This includes an additional US$130 million from the initial purchaser's full exercise of their option. The notes were offered exclusively to qualified institutional buyers under Rule 144A of the Securities Act, and they will not be registered for general sale in the U.S. ZTO, a major player in China's express delivery sector, leverages a scalable partner network to support growing e-commerce demands.

ZTO Express (Cayman) Inc. (NYSE: ZTO) has priced an offering of US$870 million in convertible senior notes due 2027. A 13-day option for an additional US$130 million is also available. Proceeds will be used for logistics enhancements, ecosystem investments, and working capital. The initial conversion price is approximately US$31.62 per American Depositary Share (ADS), reflecting a 30% premium over the August 24 closing price. The notes will bear 1.50% annual interest, payable semiannually. The offering is expected to close on or around August 29, 2022.

ZTO Express (Cayman) Inc. (NYSE: ZTO) announced a proposed offering of US$870 million in convertible senior notes due 2027. The offering includes an option for an additional US$130 million. Proceeds will be used for logistics enhancement, investment in the logistics ecosystem, and working capital. The notes will have a maturity date of September 1, 2027 and can be converted into cash or shares. The company may redeem the notes under specific conditions, and the offering is subject to market conditions.

ZTO Express (Cayman) Inc. (NYSE: ZTO) issued clarifications regarding a filing error reported on Form 6-K submitted to the SEC on August 24, 2022. The Company confirmed that it currently has no plans for a securities offering, correcting previous misinformation. ZTO emphasizes its commitment to transparent disclosure and will keep shareholders updated on any significant developments, including future financing plans.

ZTO Express (NYSE: ZTO) reported strong Q2 2022 results, with revenues of RMB 8,656.7 million (US$ 1,292.4 million), an 18.2% increase year-over-year. Net income surged 38.2% to RMB 1,758.7 million (US$ 262.6 million), while adjusted net income also rose 38.2%. Parcel volume grew 7.5% to 6,203 million, boosting market share by 2 points to 23%. The company maintains guidance for 2022 parcel volume growth of 12-16%. ZTO's focus on operational efficiency and cost management has yielded strong cash flow, with operating cash flow increasing 95.7% to RMB 3,780.8 million.