Zto Expresscayma Stock Price, News & Analysis

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.

ZTO Express (Cayman) Inc. (NYSE: ZTO) will release its unaudited financial results for Q3 2020 on November 18, 2020, post U.S. market close. The earnings conference call is set for 8:00 P.M. U.S. Eastern Time on the same day. ZTO is a prominent express delivery firm in China, leveraging a scalable network partner model to enhance its e-commerce logistics services. Investors can access a live webcast of the call on the company’s investor relations website.

ZTO Express (Cayman) Inc. (NYSE: ZTO) announced its successful trading debut on the Hong Kong Stock Exchange on September 29, 2020, under stock code '2057'. The shares opened strong, reaching an intraday high of HK$245.20 and closing at HK$238, marking a 9.17% increase from the offer price of HK$218. Approximately 4.2534 million shares were traded, totaling around HK$1,010 million in turnover. ZTO Express aims to leverage this listing for business growth and commit to high customer satisfaction, having achieved substantial parcel volume growth and profitability in recent years.

ZTO Express (Cayman) Inc. announced the pricing of a global offering of 45 million shares at HK$218 per share, translating to approximately US$28.13 per American depositary share. The stock is expected to start trading on September 29, 2020, under stock code '2057' on the Hong Kong Stock Exchange. The proceeds will fund infrastructure, logistics ecosystem investments, and corporate purposes. An over-allotment option for an additional 6.75 million shares is available until October 22, 2020. The offering is backed by Goldman Sachs as the sole sponsor and global coordinator.

ZTO Express (Cayman) Inc. (NYSE: ZTO) has announced its Hong Kong public offering of 45 million new Class A ordinary shares, with an offering price of HK$268 per share. The public offering will begin on September 17, 2020, and close on September 22, 2020. The proceeds from the offering will be utilized for infrastructure development, network empowerment, investments in the logistics ecosystem, and general corporate purposes. The offering includes a clawback mechanism and an over-allotment option for international underwriters.

ZTO Express reported strong second quarter 2020 results, with adjusted net income rising 5.6% to RMB 1.45 billion. Total revenues reached RMB 6.40 billion, marking an 18% year-over-year increase, driven largely by a 47.9% increase in parcel volume. However, the average price per parcel dropped 20.9% due to heightened competition. The company expanded its market share to 21.5%. Despite increased operating costs and a forecasted reduction in adjusted net income for 2020, ZTO raised its annual parcel volume projection to between 162 and 170 billion parcels, in line with the e-commerce rebound in China.