ZTO Express’ (ZTO) robust performance of express delivery services is boosting its top line. However, the company is grappling with elevated operating expenses, which is severely impacting ZTO’s bottom line.Factors Favoring ZTOParcel volume growth is a big tailwind for ZTO Express. As evidence, in the first quarter of 2024, the parcel volume rose by 13.9% year over year, and the parcel unit price decreased by 2.5% year over year.This contributed to an 11% increase in revenues from the core express delivery ...

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SHANGHAI, June 18, 2024 /PRNewswire/ -- ZTO Express (Cayman) Inc. (NYSE: ZTO and HKEX: 2057), a leading and fast-growing express delivery company in China ("ZTO" or the "Company"), today announced that each of the following proposed resolutions submitted for shareholder approval has been adopted at its annual general meeting of shareholders held in Hong Kong today:   as an ordinary resolution, to receive and consider the audited consolidated financial statements of the Company and the reports of the direct ...

A month has gone by since the last earnings report for ZTO Express (Cayman) Inc. (ZTO) . Shares have lost about 4.7% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is ZTO Express Cayman due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. ZTO Express Q1 Earnings Up Y/YZT ...

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Investors looking for stocks in the Transportation - Services sector might want to consider either ZTO Express (Cayman) Inc. (ZTO) or Grupo Aeroportuario del Sureste (ASR) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate ...

M N 16 May 2024 CMB International Global Markets | Equity Research | Company Update ZTO Express (ZTO US) 1Q24 core earnings beat estimates; Shifted to profitable growth strategy Target Price US$38.50 ZTO Express (ZTO) shifted the strategic focus to profitable growth in 1Q24, Up/Downside 80.0% enabling it to deliver core net profit of RMB1.9bn (+23% YoY), representing 19% Current Price US$21.39 of our full-year forecast (run rate in 1Q23: 17.6%), which is better than our expectation. Looking forward, ZTO mai ...

ZTO Express (Cayman) Inc. (NYSE:ZTO) Q1 2024 Earnings Conference Call May 15, 2024 8:30 PM ET Company Participants Sophie Li - Head of Capital Markets Meisong Lai - Chairman and CEO Huiping Yan - CFO Conference Call Participants Qianlei Fan - Morgan Stanley Lu Wei Jiang - Haitong Securities Ronald Keung - Goldman Sachs Operator Good day and welcome to the ZTO Express First Quarter 2024 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] I would now like t ...

Emphasizing Profitable Growth amidst Consumption Mix-shiftAdjusted Net Income Grew 15.8% to RMB2.2 BillionParcel Volume Increased 13.9% to 7.2 BillionSHANGHAI, May 15, 2024 /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 first quarter ended March 31, 2024[1]. The Company grew parcel volume by 13.9% year over year while maintaining high quality o ...

Major Milestone Advances Autonomous Heavy-Duty Truck Commercialization SHANGHAI, May 9, 2024 /PRNewswire/ -- Inceptio Technology ("Inceptio," or the "Company"), an industry leading developer of autonomous driving technologies for heavy-duty trucks, today announced that heavy-duty trucks powered by the Inceptio Autonomous Driving System and its Truck Navigate-on-Autopilot (T-NOA) capabilities have surpassed the significant milestone of 100 million kilometers in safe commercial operations, reinforcing Incepti ...