1. ZTO reported a 12.6% increase in parcel volume year-over-year. 2. Adjusted net income grew 12.7% to RMB10.2 billion. 3. A semi-annual dividend of US$0.35 per share was announced. 4. Operational cash flow reached RMB11.4 billion for the year. 5. Expectations for 2025 parcel volume growth are 20% to 24%.
ZTO's strong revenue growth and anticipated parcel volume increase signal robust operational performance, potentially enhancing investor confidence.
The article highlights key financial metrics and future growth projections that are critical for ZTO's market position and appeal to investors.
The strategic focus on quality and volume growth is expected to yield sustained returns, especially amid China's e-commerce expansion.
SHANGHAI, March 18, 2025 /PRNewswire/ -- ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057), a leading and fast-growing express delivery company in China ("ZTO" or the "Company"), today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024.
The Company grew parcel volume by 3.8 billion, or 12.6% year over year while maintaining high quality of service and customer satisfaction. Adjusted net income increased 12.7% to reach RMB 10.2 billion. Net cash generated from operating activities was RMB 11,429.4 million.
(1) An investor relations presentation accompanies this earnings release and can be found at http://zto.investorroom.com.
(2) Adjusted net income is a non-GAAP financial measure.
Mr. Meisong Lai, Founder, Chairman, and Chief Executive Officer of ZTO, commented, "During the fourth quarter, ZTO maintained high quality of services and customer satisfaction, and achieved 9.7 billion of parcel volume and 2.7 billion of adjusted net income. To increase retail parcel volume was one of the key objectives to enhance revenue mix, and our average daily retail parcel volume exceeded 7 million which increased nearly 50% over the same fourth quarter last year."
Mr. Lai added, "As the domestic economy slowly moves towards recovery, growth of China's express delivery industry was relatively robust. We estimate that the industry growth for the year will likely be around 15% for 2025."
Ms. Huiping Yan, Chief Financial Officer of ZTO, commented, "For the fourth quarter of 2024, ZTO's core express ASP increased 13 cents driven by improvements in key accounts' mix. Our SG&A excluding share-based compensation was 5% of revenue compared to 6.6% last year."
| Three Months Ended December 31, | 2023 | 2024 | RMB | US$ |
|---|---|---|---|---|
| Total Revenues | 10,619,434 | 12,919,702 | 1,769,992 | 100.0 |
| Net Income | 2,209,813 | 2,446,809 | 335,212 | 1,217,595 |
Appointment of Nominating and Corporate Governance Committee Member: The board of directors has appointed Ms. Fang Xie as a member of the nominating and corporate governance committee.
Declaration of Semi-Annual Dividend: Cash dividend of US$0.35 per ADS approved for the six months ended December 31, 2024.
For investor and media inquiries, please contact:
ZTO Express (Cayman) Inc.
Email: ir@zto.com
Phone: +86 21 5980 4508
SOURCE ZTO Express (Cayman) Inc.