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10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 | | 庫存股份變 ...

Core Insights - The article discusses the recent performance and strategic developments of ZTO Express, highlighting its growth trajectory and market positioning in the logistics industry [1] Group 1: Company Performance - ZTO Express reported a revenue increase of 20% year-over-year, reaching approximately 10 billion yuan in the last quarter [1] - The company's net profit margin improved to 15%, reflecting enhanced operational efficiency and cost management [1] - ZTO's parcel volume grew by 25% compared to the previous year, indicating strong demand for its services [1] Group 2: Market Positioning - ZTO Express continues to expand its market share, now holding approximately 20% of the express delivery market in China [1] - The company is investing in technology and automation to streamline operations and improve service delivery [1] - ZTO's strategic partnerships with e-commerce platforms are expected to drive further growth in the coming quarters [1]

Core Viewpoint - Zhongtong Express has made significant progress in corporate social responsibility (CSR) and plans to continue advancing its ESG practices from 2024 to 2025 [2] Group 1: Corporate Social Responsibility Achievements - Zhongtong Express has integrated CSR into its corporate strategy and daily operations, leading to an improvement in its brand image and international ESG ratings, ranking in the top 10% globally in the S&P Global Corporate Sustainability Assessment (CSA) [2] - The company has established over 20 customer feedback channels, including 95,311 channels and an official mini-program, to enhance customer satisfaction [2] - Zhongtong Express conducts regular customer satisfaction surveys to analyze results and improve service quality [2] Group 2: Employee Welfare Initiatives - By April 2025, 790 outlets and 16,000 employees benefited from the implementation of the "parcel delivery to every corner" policy [3] - The exclusive accident insurance for delivery personnel has increased to 200,000 yuan, covering all risk scenarios [3] - The "Delivery Personnel Care Fund" has grown from 30 million yuan to 200 million yuan, assisting over 500 individuals with 25 million yuan in subsidies [3] - The company provides free smart prosthetics for eligible delivery personnel [3] Group 3: Educational and Community Support - The "Dream 1+1" charity education program has donated over 100,000 books and built 8 hope schools, with total donations amounting to several million yuan by September 2025 [3] - The program has provided over 460,000 yuan in educational support for children in remote areas [3] - Zhongtong Express has initiated a "Fraud Prevention Line" campaign in collaboration with public security agencies, conducting 15,345 fraud prevention training sessions covering 441,563 individuals [3] Group 4: Environmental Initiatives - Zhongtong Express is actively responding to the national "dual carbon policy" by building a green logistics system, focusing on four areas: green collection, green transfer, green transportation, and green delivery [4] - By the end of 2024, the company has invested in 53.43 million reusable bags and recycled 12.767 million quality cardboard boxes [4] - The company has set up 28,017 green recycling devices across 90% of its outlets and stores, achieving a 100% usage rate of electronic waybills [4] - In 2024, the solar panel installation area reached approximately 620,000 square meters, generating 53,410 MWh of electricity, a 33% increase year-on-year [4] - As of October 2025, over 2,900 autonomous delivery vehicles operate in more than 250 cities, delivering over 200,000 packages daily, with a total operating distance exceeding 20 million kilometers [4]

Core Viewpoint - Zhongtong Express Group has been awarded the "Listed Company (Hong Kong) Golden Bull Award - Social Responsibility Golden Bull Award," highlighting its commitment to corporate social responsibility and sustainable development in the context of the Hong Kong stock market's recovery and asset value reassessment [1] Group 1: Corporate Social Responsibility - Zhongtong Express has integrated social responsibility into its corporate strategy and daily operations, leading to improvements in corporate governance and ESG ratings, with a ranking in the top 10 globally in the S&P Global Corporate Sustainability Assessment [1] - The company has implemented a comprehensive employee rights protection plan, benefiting over 16,000 employees and increasing the coverage of its accident insurance to 200,000 yuan [3] - Zhongtong has actively engaged in community support through its "Dream 1+1" charity program, donating over 100,000 books and establishing 8 hope schools, with total donations amounting to several million yuan [4][5] Group 2: Customer Satisfaction and Service Quality - The company has focused on enhancing customer satisfaction, achieving a 96% satisfaction rate, an increase of 2 percentage points year-on-year, through a multi-channel feedback mechanism [2] - Zhongtong has reduced sorting errors to below 0.04% by implementing digital innovations in its operations, significantly improving package identification and sorting accuracy [2] Group 3: Environmental Initiatives - Zhongtong Express is committed to the national "dual carbon" goals, having invested in a green logistics system that includes the use of 53.43 million reusable bags and the recycling of over 12.77 million quality cardboard boxes [6] - The company has installed over 2,900 unmanned vehicles for last-mile delivery, covering over 20 million kilometers, showcasing its commitment to low-carbon and efficient logistics solutions [6]

Market Overview - The equity markets experienced significant volatility due to strong quarterly performances from some blue-chip tech firms being overshadowed by concerns over the rising valuations of AI companies [1] - Experts predict that the growth of AI firms may not justify the substantial investments, potentially leading to a market correction [1] - The U.S. government shutdown has reached a record 38 days, contributing to investor uncertainty and increased market volatility [1] Economic Conditions - The U.S. economy showed signs of weakness with 153,000 job cuts in October, the highest for that month in 22 years, raising concerns about labor market conditions [2] - Investors are adopting a cautious "wait-and-see" approach, focusing on "cash cow" stocks that provide higher returns [2] Investment Metrics - Return on Equity (ROE) is highlighted as a crucial metric for assessing a company's financial health and efficiency in generating profits [3][4] - A high ROE indicates effective reinvestment of cash at a high rate of return, distinguishing profitable companies from less efficient ones [3][4] Stock Screening Criteria - Stocks are screened based on parameters such as Cash Flow greater than $1 billion and ROE exceeding the industry average [5] - Additional criteria include Price/Cash Flow lower than the industry average and Return on Assets (ROA) greater than the industry average [6] - A 5-Year EPS Historical Growth greater than the industry average is also considered to ensure continued earnings momentum [6] High-ROE Stocks - TE Connectivity, ZTO Express, Corning, Banco Bilbao, and VICI Properties are identified as high-ROE stocks that offer resilient investment options [7] - TE Connectivity has a long-term earnings growth expectation of 10.7% and a trailing four-quarter earnings surprise of 6.5% on average, with a Zacks Rank of 2 [9] - ZTO Express has a long-term earnings growth expectation of 1.7% and also carries a Zacks Rank of 2 [11] - Corning has a long-term earnings growth expectation of 18.2% and a trailing four-quarter earnings surprise of 4.1% on average, with a Zacks Rank of 1 [12] - Banco Bilbao has a long-term earnings growth expectation of 12% and a trailing four-quarter earnings surprise of 5.7% on average, with a Zacks Rank of 2 [13] - VICI Properties has a long-term earnings growth expectation of 4.2% and a trailing four-quarter earnings surprise of 0.4% on average, with a Zacks Rank of 2 [15]

Group 1 - The company ZTO Express (02057) announced a share repurchase plan, committing to buy back 278,800 shares at a total cost of $5.2873 million [1] - The share repurchase is scheduled to take place on November 6, 2025 [1] - This move indicates the company's strategy to enhance shareholder value through share buybacks [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) 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 ...