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 ...

Core Viewpoint - ZTO Express (Cayman) Inc. is set to release its unaudited financial results for Q1 2024 on May 15, 2024, after U.S. market closes, indicating the company's ongoing commitment to transparency and investor communication [1]. Company Overview - ZTO Express is a leading and fast-growing express delivery company in China, providing express delivery and value-added logistics services through a reliable nationwide network [4]. - The company operates a scalable network partner model, which supports the growth of e-commerce in China by leveraging partners for pickup and last-mile delivery while controlling critical line-haul transportation and sorting [4]. Earnings Conference Call - The management team will host an earnings conference call on May 15, 2024, at 8:30 P.M. U.S. Eastern Time, which corresponds to 8:30 A.M. Beijing Time on May 16, 2024 [1]. - Dial-in details for the conference call are provided for various regions, including the U.S., Hong Kong, Singapore, and Mainland China [2]. - A replay of the conference call will be available until May 22, 2024, with specific numbers for access [3].

Operational Performance - In 2023, ZTO Express handled 30.2 billion parcels, representing a year-on-year growth of 23.8%[26] - The company's market share reached 22.9%, maintaining its position as the industry leader for eight consecutive years[26] - ZTO Express operated more than 31,000 outlets and 99 domestic sorting hubs by the end of 2023[26] - The company has approximately 6,000 direct network partners and over 10,000 line-haul vehicles, including about 9,200 high-capacity trailer trucks[26] Technological Innovation - ZTO Express aims to enhance user experience through the introduction of advanced technologies such as artificial intelligence and big data analysis[22] - The "Express Butler System" has been upgraded to provide intelligent AI group chat after-sales service for small and medium-sized vendors, improving service efficiency[102] - ZTO Express aims to enhance operational efficiency through technological innovations, integrating digital technology into the entire express delivery business[92] Environmental Sustainability - The company is committed to reducing its carbon footprint and building a sustainable logistics system[21] - ZTO Express has implemented a top-down ESG governance structure, with the Board of Directors holding ultimate responsibility for ESG initiatives[34] - The company aims to achieve long-term sustainable development through continuous improvement of its ESG governance system[33] - In 2023, ZTO Express recycled 150 million cartons, demonstrating a commitment to waste management and sustainability[57] - The company achieved a 34% year-on-year growth in photovoltaic power generation, reflecting its investment in clean energy[57] - ZTO Express implemented green packaging initiatives, including fully biodegradable bags and recycled express boxes, with an average of 360,000 boxes recycled 8 times[57] - The company aims to achieve carbon neutrality and has integrated climate change into its corporate governance and strategic framework[58] - ZTO Express has 464 sets of automated sorting equipment, enhancing efficiency while reducing energy consumption and pollution[57] - The company utilizes LNG-powered vehicles in some areas to promote eco-friendly transportation solutions[57] - ZTO Express's new energy vehicles are part of its strategy to reduce greenhouse gas emissions and improve energy efficiency[57] - The company has established policies for emergency response to mitigate the impact of climate-related physical risks on operations[58] - ZTO Express's Board of Directors oversees climate change-related risks and opportunities, linking board compensation to climate performance[59] - ZTO Express aims for a 20% reduction in GHG emissions intensity per parcel by 2028[75] - In 2023, ZTO Express's total energy consumption was 732,619.73 tons of standard coal equivalent, with direct energy consumption at 648,856.31 tons[78] - The company generated 40,150 megawatt-hours of renewable energy, a 34% increase from the previous year, with 26,010 megawatt-hours used for self-consumption[78] - The proportion of e-commerce parcels without secondary packaging reached 93.34%, and standardized packaging materials usage was 91.83%[82] - ZTO Express's direct greenhouse gas emissions (Scope 1) totaled 1,402,275 metric tons CO2e, while indirect emissions (Scope 2) were 388,692 metric tons CO2e[78] - The company installed approximately 370,000 square meters of photovoltaic panels, generating 40,150 megawatt-hours of electricity[78] - ZTO Express has committed to enhancing resource efficiency and reducing waste through sustainable practices and circular economy concepts[70] - The company has developed a dedicated network for the distribution and recycling of environmentally friendly bags, improving operational efficiency[85] - ZTO Express is actively exploring voluntary emission reduction projects in the express delivery industry[74] Employee Rights and Development - ZTO Express has strengthened employee rights protection and enhanced vocational skills training[23] - By the end of the reporting period, the coverage rate of collective agreements for employee rights was 100%, with no incidents of human rights violations reported[180] - The company is committed to creating a diverse and inclusive workplace, enhancing employee satisfaction and promoting a people-oriented management philosophy[176] - The total number of employees decreased from 24,888 in 2022 to 23,554 in 2023, with 6,120 new employees hired in 2023[182] - The overall employee turnover rate for 2023 was 24.32%, with a voluntary turnover rate of 24.21%[182] - The annual turnover rate for operational staff decreased by 3.59% to 55.06% in 2023, compared to 58.65% in 2022, achieving the target reduction of 3%[183] - Female employees accounted for 36.01% of the total workforce, with female managers making up 31.00%[188] - The company achieved a 100% contribution rate for employee social insurance and housing provident fund during the reporting period[184] - ZTO Express recruited over 1,000 local workers from economically disadvantaged areas in 2023 to address local employment issues[186] - The number of accountable accidents decreased by 8.1% in 2023 compared to 2022, indicating improved safety management practices[195] - The proportion of unclear monthly turnover reasons decreased from 89.4% to below 20% during 2023, enhancing employee retention strategies[183] - The company implemented targeted recruitment for disabled individuals and ethnic minorities to foster a diverse workforce[185] - The average cost of employment per person in 2023 was RMB 289.69[182] Customer Satisfaction and Service Quality - ZTO Express achieved a customer satisfaction rate of 94% in 2023, up from 91% in 2022[135] - The all-channel connection rate of ZTO Express was 96.07% in 2023, an increase of 2.56% compared to 2022[133] - The complaints per 10,000 orders decreased to 1.99 in 2023, down by 2.45% from 2022[133] - A total of 178 customer service training sessions were conducted, with 3,510 trainees participating[136] - The utilization rate of privacy waybills in the entire network reached 76% in 2023[144] - ZTO Express maintained 100% coverage of privacy policies, ensuring all customers were informed[154] - The company experienced zero information security breaches in 2023, with no customers affected[154] - The company conducted an internal audit of its information security management system annually, ensuring compliance with ISO certifications[152] - ZTO Express has developed the "Blue Bee Index" project, achieving a 56.20% success rate in compliance rectification among over 2,700 couriers nationwide[159] - The overall learning completion rate for courier training modules exceeded 92% by the end of 2023, focusing on safety and operational skills[160] Strategic Partnerships and Expansion - ZTO Express signed a strategic cooperation agreement with NEOLIX to promote the large-scale application of autonomous driving vehicles, with initial operations commencing in cities like Yancheng and Hefei[173] - The company actively collaborates with Nanjing University of Aeronautics and Astronautics to advance drone logistics, focusing on core technologies and scientific project applications[174] - ZTO Express is actively pursuing global expansion, leveraging the "Belt and Road" initiative to build an international logistics network[113] Financial Performance and Cost Management - The company has reduced logistics costs by approximately 10% for customers through enhanced flexibility and responsiveness in the spare parts logistics supply chain[110] - ZTO Express continues to expand its product matrix and launched several high value-added products during the reporting period[106] - The company has developed a one-stop production and research work platform to improve R&D efficiency and collaboration[93] - The percentage of customers using online services/platforms increased from 92% in 2021 to 95% in 2023[132] - The percentage of total revenue generated from online channels rose from 90.3% in 2021 to 92.4% in 2023[132]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SE ...

研究报告Research Report 25 Mar 2024 中通快递（开曼） ZTO Express Cayman (ZTO US) 业绩符合预期，分红、回购超预期 Results in Line with Expectations; Dividends and Share Repurchase Program Exceed Expectations 观点聚焦 Investment Focus [Table_Info] (Please see APPENDIX 1 for English summary) 维持优于大市Maintain OUTPERFORM 公司发布 23Q4 及 23年全年业绩： 评级 优于大市OUTPERFORM 23Q4 公司实现营业收入 106.2 亿元/+7.6%，实现净利润 22.1 亿元 现价 US$21.02 目标价 US$31.40 /+3.8%，调整后净利润 22.1 亿元/+4.4%。23 年全年公司营业收入 384.2 亿元/+8.6%，实现净利润 87.5 亿元/+31.5%，调整后净利润 HTI ESG 5.0-5.0-5.0 90.06 亿元/+32.3%。 ...

ZTO Express (ZTO) reported fourth-quarter 2023 earnings of 38 cents per share, which beat the Zacks Consensus Estimate by a penny and improved 2.7% year over year.Total revenues of $1,495.7 million improved year over year.Detailed Operational StatisticsRevenues from the core express delivery business jumped 8% year over year, owing to a 32% increase in parcel volume and an 18.2% decrease in parcel unit price. Parcel volume market share increased 32% from the year-ago reported quarter.Revenues from freight f ...

Exhibit 99.2 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Under our weighted voting rights structure, our share capital comprises Class A ordinary shares and Class B ordinary shares. Each ...

ZTO Express (Cayman) Inc. (NYSE:ZTO) Q4 2023 Earnings Conference Call March 19, 2024 8:30 PM ET Company Participants Sophie Li - Investor Relations Director Meisong Lai - Founder, Chairman and Chief Executive Officer Huiping Yan - Chief Financial Officer Conference Call Participants Ronald Keung - Goldman Sachs Qianlei Fan - Morgan Stanley Aaron Luo - UBS Operator Good day and welcome to the ZTO Express Fourth Quarter and Fiscal Year 2023 Financial Results Announcement Conference Call. All participants will ...

4Q 2023 INVESTOR PRESENTATION Safe Harbor Statement and Disclaimer This presentation contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and other similar expressions. Among other things, the business outlook ...