智通财经APP讯，中通快递-W(02057)发布公告，于2026年2月20日斥资1546.78万美元回购61.13万股。 ...

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： 2026年2月23日 | 1). | 購回股份但沒有註銷 | 18,254,400 | % | HKD | 179.1 | | --- | --- | --- | --- | --- | --- | | | 於2026年2月4日就發售可換股優先票據進行同步股份購回 | | | | | | | 變動日期 2026年2月4日 | | | | | | 2). | 購回股份但沒有註銷 | 611,965 | % | USD | 24.53 | | | 於美國時間2026年2月10日購回611,965股美國存託股份(代表611,965股 | | | | | | | A類普通股) | | | | | | | 變動日期 2026年2月10日 | | | | | | 3). | 購回股份但沒有註銷 | 612,365 | % | USD | 24.91 | | | 於美國時間2026年2 ...

【#今年来港股市场回购金额超254亿港元#】2月21日消息，据报道，2026年以来，港股市场回购金额超 过254亿港元。行业龙头公司的回购节奏和力度不减，其中，腾讯控股今年以来累计回购金额已超63.58 亿港元，中通快递和小米集团紧随其后，回购金额达到41.03亿港元和35.32亿港元。（券商中国） ...

Group 1 - The company, ZTO Express (02057), announced a share repurchase plan costing approximately $46.30 million to buy back about 1.83 million shares on February 17, 18, and 19, 2026 [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： 2026年2月20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 | A類普通股 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | | ...

Group 1 - The Nasdaq Golden Dragon China Index decreased by 0.10% on February 18 [1] - Individual stocks showed mixed performance, with Hesai Technology rising nearly 4% and Huazhu Group increasing by nearly 3% [1] - ZTO Express saw an increase of over 2%, while TAL Education and Tencent Music both dropped by over 3% [1] Group 2 - Kingsoft Cloud and Beike both experienced declines of over 2% [1]

Core Viewpoint - ZTO Express (Cayman) Inc. announced a share repurchase program, indicating confidence in its stock value and future prospects [1] Group 1: Share Repurchase Details - The company repurchased 612,400 shares at a total cost of $15.1512 million [1] - The repurchase price per share ranged from $24.39 to $24.88 [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： 2026年2月16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）變動 | | | ...

Company Performance - ZTO Express (02057.HK) has seen a strong stock price performance, reaching a new high, driven by multiple factors including share buybacks totaling approximately $15.01 million and $15.26 million for 612,400 shares, signaling management's confidence in the company's intrinsic value [1] - Moody's assigned ZTO Express an "A3" issuer rating and an "A3" senior unsecured rating for its proposed convertible bonds, with a stable outlook, reflecting the company's leading market position, strong financial metrics, and prudent financial policies [4] Industry Policy and Environment - Recent administrative guidance from the Ministry of Human Resources and Social Security and six other departments emphasizes the protection of labor rights for new employment forms, which is expected to shift the industry from "price competition" to "quality competition," improving overall profitability and benefiting leading companies like ZTO [2] Business Fundamentals - According to institutional analysis, ZTO Express maintained growth in business volume in Q3 2025, with strong performance in its parcel business and improved single-ticket profitability due to a "de-involution" trend. The company expects total revenue for 2025 to be between 48.5 billion and 50 billion RMB, representing a year-on-year growth of 9.5% to 12.9%, with parcel volume reaching 38.52 billion pieces, a 13.3% increase [3] Sector Performance - On February 11, the Hong Kong aviation logistics sector saw an overall increase, with the Hang Seng Index rising, positively impacting individual stocks. From January 2 to February 13, ZTO Express's stock rose by 18.24%, reaching a peak price of 196.10 HKD [5]

Investment Rating - The report maintains a "Recommendation" rating for the express delivery industry, expecting the industry index to outperform the benchmark index by over 5% in the next 3-6 months [34]. Core Insights - The express delivery industry is experiencing a divergence in growth rates among brands, with leading companies like Shentong and Yunda showing significant growth in January. Shentong's single ticket revenue increased by 14.1% year-on-year, while Yunda's grew by 6.4% [3][11]. - The report highlights the strong performance of YTO Express, which continues to lead in growth despite a general slowdown in the industry. The company is expected to maintain its competitive edge [4]. - The report emphasizes the potential of Jitu Express in Southeast Asia, projecting a 74% year-on-year increase in daily parcel volume by Q4 2025, indicating high growth potential in new markets [4]. Summary by Sections January Data Overview - In January, the parcel volume growth rates were as follows: YTO (29.8%), Shentong (25.6%), Yunda (10.8%), and SF Express (4.2%). Shentong's revenue growth was the highest at 43.3% year-on-year [8][11]. - Single ticket revenues for January were reported as follows: Shentong at 2.35 CNY, Yunda at 2.15 CNY, YTO at 2.25 CNY, and SF Express at 14.72 CNY [3][11]. Investment Recommendations - The report continues to recommend investment in Zhongtong and YTO due to their improved market positions and low valuations. It also sees potential in Shentong due to its significant earnings elasticity [4]. - SF Express is viewed positively, with a focus on its "Gain Plan" to optimize structure and enhance collaboration with Jitu Express, which is expected to yield future benefits [4].