Zto Expresscayma Stock Price, News & Analysis

ZTO Express reported strong first-quarter 2021 results with revenues of RMB6,472.5 million, a 65.3% increase year-over-year. Adjusted net income rose 23.1% to RMB781.6 million, exceeding expectations. Parcel volume surged 88.5% to 4.475 billion, boosting market share to 20.4%. Despite a 12.4% decline in average selling price, improved operational efficiency led to a 168.3% jump in cash flow from operations, totaling RMB477 million. The company maintains its annual parcel volume guidance between 22.95 billion to 23.80 billion, indicating robust growth potential.

ZTO Express (Cayman) Inc. (NYSE: ZTO) has announced its annual general meeting (AGM) scheduled for June 2, 2021, at 14:00 local time in Shanghai. Shareholders owning shares as of May 12, 2021, are entitled to vote at the AGM. The company's board supports the Proposed Articles and encourages favorable votes on the resolutions. ZTO has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC, and published its annual report for Hong Kong purposes.

ZTO Express (Cayman) Inc. (NYSE: ZTO) will announce its unaudited financial results for the first quarter ending March 31, 2021, on May 19, 2021, after U.S. markets close. A conference call will follow at 8:30 PM ET on the same day. Investors can access the call using various local dial-in numbers, and a replay will be available until May 26, 2021. ZTO is a leading express delivery company in China, leveraging a scalable network partner model to support e-commerce growth across the nation.

ZTO Express (Cayman) Inc. (NYSE: ZTO) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC on April 21, 2021. The report includes audited financial statements and can be accessed via the Company's investor relations website. Additionally, an annual report for Hong Kong purposes has been published. ZTO, a leading express delivery firm in China, operates a scalable network model to support e-commerce growth in the region, focusing on efficient last-mile delivery and extensive nationwide coverage.

ZTO Express (Cayman) Inc. has established an Environmental, Social and Governance (ESG) Committee effective from March 16, 2021. The committee consists of members Jianfa Lai, Jilei Wang, and Qin Charles Huang, with Lai serving as chairman. This initiative aims to enhance the company's governance practices regarding sustainability and social responsibility. ZTO is recognized as a leading express delivery service provider in China, operating a scalable network aimed at supporting the growth of e-commerce.

ZTO Express has announced an increase in its share repurchase program from US$500 million to US$1 billion, extending the duration until June 30, 2023. The board approved these changes to reflect the company's strong growth trajectory in the express delivery sector in China. The repurchases will be executed under market conditions through various means, allowing ZTO to manage its capital efficiently. This move is expected to enhance shareholder value and reinforce confidence in the company's future performance.

ZTO Express reported strong growth in parcel volume for 2020, achieving over 17 billion parcels and a market share of 20.4%. Despite challenges from the pandemic and competition, the company generated revenues of RMB25.2 billion, up 14% year-over-year. However, net income decreased by 23.7% to RMB4.3 billion and gross profit declined by 11.8%. Adjusted net income also fell by 13.3%. A special dividend of US$0.25 per ADS was announced, with a positive outlook for 2021, projecting parcel volume growth of 35% to 40%.

ZTO Express (Cayman) Inc. announced the immediate appointment of Zheng Liu as a new director of its board, replacing Lin Wan, who has resigned. The Board retains nine members, with five being independent. Zheng Liu, who has been the Chief Financial Officer of Cainiao Network since February 2016, has extensive experience in finance, including positions at Alibaba Group and PwC. ZTO is recognized as a leading express delivery service provider in China, leveraging a scalable network to support e-commerce growth.