ENTITY
ZTO Express Cayman

ZTO Express Cayman (ZTO US)

527
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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20 Nov 2024 20:12Broker

ZTO Express (ZTO US) - Still Positive on Profitable Growth Strategy Despite Lower Volume Guidance

ZTO Express (ZTO) EBIT grew 17% YoY to RMB2.8bn, which is in line with our expectation. Reported net profit in 3Q24 grew only 1% YoY to RMB2.46bn

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22 Aug 2024 08:32Broker

ZTO Express (ZTO US) - 2Q24 Core Earnings +10% with Stable Unit Margin

ZTO Express (ZTO) continued its strategic focus on profitable growth in 2Q24. Core net profit in 2Q24 grew 10% YoY to RMB2.74bn, which is largely...

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17 May 2024 08:03Broker

ZTO Express (ZTO US) - 1Q24 Core Earnings Beat Estimates

Our TP for ZTO US/2057 HK is unchanged at US$38.50/HK$303, based on 24x 2024E P/E, equivalent to the historical average. Maintain BUY.

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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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31 Aug 2023 08:07Broker

ZTO Express (ZTO US) – 2Q23 Net Profit +41% YoY on Excellent Cost Control

The excellent cost control (unit cost -18% YoY) enabled ZTO to boost the unit gross margin by 22% YoY to RMB0.43/parcel. ZTO maintains the full...

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