Zto Expresscayma Stock Price, News & Analysis

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.

ZTO Express (Cayman) Inc. (NYSE: ZTO) will release its unaudited financial results for the fourth quarter and fiscal year 2020 on March 17, 2021. The announcement will follow the U.S. market's closure. A conference call with management is scheduled for 8:30 PM ET on the same day, allowing for investor inquiries. ZTO is a prominent express delivery company in China, providing extensive logistics services through its national network, which supports the growth of e-commerce.

ZTO Express (Cayman) Inc. (NYSE: ZTO) held its 2020 year-end network partner convention in Shanghai on January 12, 2021. Despite challenges from the global pandemic and intense competition, ZTO achieved significant growth in parcel volume, delivering 17 billion parcels in 2020, a 40.3% increase year-over-year. The company also gained market share, securing the top position among its peers. Looking ahead, ZTO aims to enhance its network, improve profitability, and maintain high service quality to adapt to changing market conditions.

ZTO Express reported third quarter 2020 results, achieving revenues of RMB6.6 billion, a 26.1% increase from the previous year. However, adjusted net income fell 8.2% to RMB1.2 billion, impacted by intense competition leading to an 18.4% drop in parcel pricing. Notably, parcel volume surged by 51.2%, capturing a market share of 20.8%. Cash flow from operations improved by 4.4% to RMB1.48 billion. Despite challenges, ZTO maintains its annual guidance of 16.2 to 17.0 billion parcels for 2020, reflecting resilience in a competitive landscape.

ZTO Express (Cayman) Inc. (NYSE: ZTO) will hold its annual general meeting of shareholders on November 17, 2020, at 14:00 local time in Shanghai. Shareholders can attend in person or via audio conference. The record date for the meeting is November 2, 2020. Additional details and the agenda are available on the Company's investor relations website.

ZTO is a leading express delivery firm in China, leveraging a scalable network partner model to support e-commerce growth through efficient logistics services.