Core Insights - The express delivery industry in China experienced a significant growth in business volume, with a year-on-year increase of 12.7% in September 2025, reaching a total of 168.8 billion packages delivered [1] - The average revenue per package showed a narrowing decline, with a reported income of 7.55 yuan per package, reflecting a year-on-year decrease of 4.9% [1] - The overall express delivery revenue reached 127.37 billion yuan, marking a year-on-year growth of 7.2% [1] Express Delivery Industry Data - The express delivery business volume maintained a rapid growth rate, with September 2025 seeing a total of 168.8 billion packages delivered, a 12.7% increase year-on-year, which is an improvement of 0.5 percentage points from the previous month [1] - The single package price decline has slowed, with the average revenue per package at 7.55 yuan, down 4.9% year-on-year, but the decline is less severe than the previous month by 2.3 percentage points, and it increased by 2.4% month-on-month [1] - The total express delivery revenue for September 2025 was 127.37 billion yuan, with a year-on-year growth of 7.2%, an increase of 3 percentage points compared to the previous month [1] Consumer Data - From January to September 2025, the total retail sales of consumer goods reached 36.59 trillion yuan, growing by 4.5% year-on-year, with September alone contributing 4.2 trillion yuan, a 3% increase [2] - The online retail sales of physical goods for the same period totaled 9.15 trillion yuan, reflecting a year-on-year growth of 6.5%, with September's online sales at 1.06 trillion yuan, up 7.3% [2] - The e-commerce penetration rate reached 25.0% for the first nine months, an increase of 0.48 percentage points year-on-year, with September's rate at 25.2%, up 1 percentage point [2] Listed Express Delivery Companies Data - Business volume growth varied among major express delivery companies, with SF Express leading the industry with a year-on-year growth of 31.8%, delivering 15 billion packages in September 2025 [3] - The average revenue per package for major companies showed an upward trend, with YTO Express, Yunda, and Shentong reporting increases of 1.4%, 0.5%, and 5% respectively in September [3] - Revenue figures for September 2025 indicated that SF Express, YTO Express, Yunda, and Shentong achieved revenues of 20.9 billion, 5.8 billion, 4.3 billion, and 4.6 billion yuan respectively, with year-on-year growth rates of 14.2%, 14.9%, 4.1%, and 14.9% [3] Recommended Stocks - The recommended stocks in the express delivery sector include ZTO Express (02057), YTO Express (600233.SH), Shentong Express (002468.SZ), Yunda Holdings (002120.SZ), and SF Holdings (002352.SZ) [4]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 第 2 頁 共 9 頁 v 1.3.0 | 9). | 購回股份但沒有註銷 | | 283,374 | % | USD | 18.95 | | --- | --- | --- | --- | --- | --- | --- | | | 於美國時間2025年10月8日購回283,374股美國存託股份(代表283,374股 | | | | | | | | A類普通股) | | | | | | | | 變動日期 | 2025年10月8日 | | | | | | 10). | 購回股份但沒有註銷 | | 423,128 | % | USD | 18.65 | | | 於美國時間2025年10月10日購回423,128股美國存託股份(代表423,128 | | | | | | | | 股A類普通股) | | | | | | | | 變動日期 | 2025年10月10日 | | | | | | | 購回股份但沒有註銷 | | | | | | | 11). | | | 450,069 | % | USD | 18.7 ...

Group 1 - The company, ZTO Express (02057.HK), announced a share buyback on November 5, 2025, spending $5.8835 million to repurchase 311,700 shares [1] - The repurchase price per share ranged from $18.77 to $18.99 [1]

Group 1 - The company ZTO Express (02057) announced a share repurchase plan, committing to buy back 311,700 shares at a total cost of $5.8835 million [1]

翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 中通快遞（開曼）有限公司（於開曼群島註冊成立以不同投票權控制的有限責任公司） 呈交日期： 2025年11月6日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 FF305 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | A | | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02057 | 說明 | A類普通股 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份 ...

第 1 頁 共 11 頁 v 1.1.1 | 3. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | 其他類別 (請註明) | 於香港聯交所上市 (註1) | 否 | | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 未指定 | | | | 2. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | B | | | 於香港聯交所上市 (註1) | 否 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | B類普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | USD | | 0.0001 USD | | | 100,000 | | 增加 / 減少 (-) | | | | | | USD | | | | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類 ...

Core Viewpoint - ZTO Express (02057) announced a share repurchase plan, committing to buy back 351,200 shares for a total expenditure of $6.5716 million, scheduled for November 4, 2025 [1] Group 1 - The company plans to repurchase shares as part of its capital management strategy [1] - The total amount allocated for the share buyback is $6.5716 million [1] - The number of shares to be repurchased is 351,200 [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 中通快遞（開曼）有限公司（於開曼群島註冊成立以不同投票權控制的有限責任公司） 呈交日期： 2025年11月5日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | A | | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02057 | 說明 | A類普通股 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份 ...

Core Viewpoint - ZTO Express (02057) announced a share repurchase plan, committing to buy back 352,900 shares for a total expenditure of $6.6461 million, scheduled for November 3, 2025 [1] Group 1 - The company plans to repurchase shares as part of its capital management strategy [1] - The total amount allocated for the share buyback is approximately $6.6461 million [1] - The number of shares to be repurchased is 352,900 [1]

Core Viewpoint - ZTO Express (02057) announced a share repurchase plan, committing to buy back 352,900 shares for a total expenditure of $6.6461 million, scheduled for November 3, 2025 [1] Summary by Category - **Company Actions** - ZTO Express plans to repurchase 352,900 shares [1] - The total amount allocated for the buyback is $6.6461 million [1] - **Financial Implications** - The share repurchase indicates the company's confidence in its financial health and aims to enhance shareholder value [1]