ZTO Express (Cayman) Inc

ZTO

Equity

ISIN US98980A1051 / Valor 34326293

New York Stock Exchange, Inc (2024-12-24)

USD 19.76-0.20%

ZTO Express (Cayman) Inc
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About company

ZTO Express (Cayman) Inc. is a leading express delivery company in China that operates a network partner model to provide e-commerce merchants with a nationwide reach at a low cost. Founded in 2002, ZTO has established itself as a key player in China's fast-growing e-commerce market, with a significant market share in parcel volume. The company focuses on operating the critical line-haul transportation and sorting network within the express delivery service value chain, while its network partners handle first-mile pickup and last-mile delivery services. Through operational efficiency and economies of scale, ZTO aims to achieve strong operating leverage and become a world-leading comprehensive logistical services provider.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

ZTO Express (Cayman) Inc. reported a significant increase in revenue for the third quarter of 2024, reaching RMB10,675.0 million (US$1,521.2 million). This marks a 17.6% growth compared to RMB9,075.9 million in the same period of 2023, showcasing the company's robust performance in the express delivery sector.

Net Income Increase

The company's net income for the third quarter of 2024 was RMB2,379.0 million (US$339.0 million), reflecting a 1.3% increase from RMB2,349.6 million in the same quarter of the previous year. This growth indicates ZTO Express's ability to maintain profitability amidst a competitive market environment.

Parcel Volume Expansion

ZTO Express (Cayman) Inc. achieved a parcel volume of 8.7 billion in the third quarter of 2024, representing a 15.9% increase from 7.5 billion parcels in the same period of 2023. This expansion underscores the company's strong market position and operational efficiency in handling increased delivery demands.

Adjusted EBITDA Growth

For the third quarter of 2024, ZTO Express reported an adjusted EBITDA of RMB3,739.5 million (US$532.9 million), an 8.7% rise from RMB3,438.6 million in the same quarter of 2023. This growth highlights the company's effective cost management and operational improvements.

Cash Flow and Capital Expenditure

Net cash provided by operating activities for ZTO Express in the third quarter of 2024 was RMB3,112.0 million (US$443.5 million), compared to RMB2,938.1 million in the same period of 2023. The company also reported capital spending of RMB1.8 billion, reflecting its ongoing investments in infrastructure and technology to support future growth.

Summarized from source with an LLMView Source

Key figures

-0.40%1Y

-27.9%3Y

-14.0%5Y

Performance

36.9%1Y

42.3%3Y

41.1%5Y

Volatility