ENTITY
ZTO Express Cayman

ZTO Express Cayman (ZTO US)

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Analysis
IndustrialsChina
ZTO Express (Cayman) Inc. operates as an express delivery company. The Company provides express delivery service through their nationwide network, as well as other value-added logistics services. ZTO Express serves customers globally.
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24 May 2023 10:14

Monthly Express Tracker | Prices Continue to Slide | Volume Pops | (May 2023)

In April, express volume shot up 36% against easy Y/Y comps, but ASPs deepened their recent decline. We believe pricing will continue to...

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19 Nov 2023 10:38

ZTO Express Q3: Margins Plunge Vs Q2 | Abandons Pursuit of Share Gains | Is There a New Strategy?

ZTO has long employed a strategy of market share gains it uses to offset declining unit prices. Under current depressed market conditions, it has...

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17 Nov 2023 20:52Broker

ZTO Express (ZTO US) – Good Execution but Rising Concerns on Price Competition

ZTO’s revenue/ net profit in 3Q23 came in at RMB9.08bn/ RMB2.35bn, up 1.5%/21% YoY, on the back of excellent cost control that offset the ASP decline.

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02 Nov 2023 07:38

The Four Listed Chinese Express Companies Suffered Significant Margin Erosion in Q323

A new price war among China's 'sort and transport' express companies drove down the group's core margins in Q3, and we expect the pain to continue...

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23 Oct 2023 09:18

Monthly Chinese Express Tracker | A New Price War Among China's 'Sort & Transport' Express Names

In this insight we discuss a developing price war among China's 'sort and transport' express names, which likely added to margin pressures on these...

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