Financial Data and Key Metrics Changes - For Q4 2022, ZTO achieved a total volume of 6.59 billion, representing a 3.9% year-over-year increase, and expanded market share by 1.5 points [6] - Adjusted net income for Q4 2022 was CNY2.12 billion, up 21% compared to the same quarter last year [6] - Total revenue for Q4 increased by 7.1% to CNY9.9 billion, while annual revenue rose by 16.3% to CNY35.4 billion [15] - Adjusted net income for the full year grew 37.6% year-over-year to CNY6.81 billion [7] - Gross profit margin increased by 3.7 points to 28.1% for Q4 and by 3.9 points to 25.6% for the year [17] Business Line Data and Key Metrics Changes - Annual average selling price (ASP) for the core Express delivery business increased by 4.7% for Q4 and 8.1% for the full year [16] - Unit cost of revenue for the core Express delivery business decreased by 0.7% for Q4 but increased by 2.4% for the year [16] - Unit transportation costs declined by 2.5% for Q4 and 0.7% for the year, primarily due to increased use of self-owned high-capacity trailer trucks [16] Market Data and Key Metrics Changes - ZTO's parcel volume for 2022 reached 24.39 billion, expanding market share by 1.5 points to 22.1% [7] - The logistics industry is expected to grow, with the government anticipating a 7% revenue increase for the entire industry [21] Company Strategy and Development Direction - ZTO aims to ensure safety in operations, improve infrastructure investments, and enhance cost analysis accuracy [9][10] - The company plans to strengthen its core Express business while expanding comprehensive logistics products and services [12][14] - ZTO is focusing on a transformation from high quantity to higher quality, leveraging a stable network and strong cash flow [13] Management's Comments on Operating Environment and Future Outlook - Management noted signs of recovery in China's economy and expressed optimism about the long-term growth prospects of the express delivery industry [9][12] - The company anticipates a parcel volume increase of 18% to 22% for 2023, with a goal of gaining at least 1.5 percentage points in market share [19][21] - Management emphasized the importance of quality and profitability over merely increasing market share through low pricing [40] Other Important Information - ZTO announced a USD 0.37 dividend for the year, representing a 30% payout ratio compared to 25.9% the previous year [18] - The company is in the process of obtaining a favorable dividend tax rate to enhance shareholder returns [28] Q&A Session Summary Question: What are the drivers for the 2023 volume growth? - Management indicated that the growth would come from both traditional e-commerce and newer players, but specific numbers could not be disclosed [20][22] Question: What is the outlook for unit profitability this year? - Management expressed confidence that unit profits could continue to increase due to improved utilization and digitalization initiatives [23][24] Question: What is the CapEx guidance for 2023? - CapEx is expected to remain at current levels or lower, with a high probability of increasing the dividend payout in the future [26][28] Question: How does the company view its balance sheet strategy? - Management confirmed a conservative approach to borrowing, intending to return excess cash to shareholders through dividends or buybacks [31][32] Question: What is the outlook for pricing competition in 2023? - Management noted that while there may be price fluctuations, ZTO's pricing will remain stable and competitive due to its service quality [41] Question: What is the vision for comprehensive logistics parks? - The company aims to develop comprehensive logistics services beyond express delivery, enhancing synergy and cost efficiency [42][45]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 根據不同投票權架構，我們的股本包括A類普通股及B類普通股。對於需要股東投票的所有事 項，A類普通股持有人每股可投1票，而B類普通股持有人則每股可投10票。股東及有意投資者 務請留意投資不同投票權架構公司的潛在風險。我們的美國存託股（每股美國存託股代表一股A 類普通股）於美國紐約證券交易所上市，代碼為ZTO。 ZTO Express (Cayman) Inc. 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） （股份代號：2057） 2022年第四季度及2022財政年未經審計財務業績公告 我們在此公佈截至2022年12月31日止第四季度及2022財政年的未經審計財 務業績（「2022 財政年業績公告」）。2022財政年業績公告可於香港聯交所網站 www.hkexnews.hk及我們的網站zto.investorroom.com閱覽。 承董事會命 中通快遞（開曼）有限公司 賴梅松 ...

Exhibit 99.1 ZTO Reports Fourth Quarter 2022 and Full Year 2022 Unaudited Financial Results 24.4 Billion Annual Parcels Expanded Market Share by 1.5pts to 22.1% RMB6.8 Billion Adjusted Net Income Grew 37.6% US$0.37 per Share Dividend Announced for 2022 SHANGHAI, March 15, 2023/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 fourth quarter and fis ...

Financial Data and Key Metrics Changes - In Q3 2022, ZTO delivered a parcel volume of 6.37 billion, an increase of 11.7% year-over-year, expanding market share by 1.3 points to 23.1% [7][20] - Adjusted net income grew by 63.1% year-over-year to RMB1.87 billion [8][20] - Total revenue increased by 21% to RMB8.9 billion, with an average selling price (ASP) for core Express Delivery business rising by 9.9% [20][21] - Gross profit increased by 55.9% to RMB2.4 billion, with a gross profit margin rate of 27.3%, up by 6.1 points [23][24] Business Line Data and Key Metrics Changes - Total cost of revenue was RMB6.5 billion, an increase of 11.6%, with unit costs for core express delivery rising by 12.6% [22] - Line haul transportation costs per parcel decreased by 2.2% to 49 cents, while unit sorting costs increased by 5.8% to 30 cents due to rising labor costs [22] Market Data and Key Metrics Changes - Despite pandemic-related challenges, ZTO achieved strong market share gains and profit expansion, with parcel volume growth contributing to a market share increase to 22.1% [20][24] - The overall growth rate of the express industry decelerated due to external factors, but ZTO maintained a focus on operational excellence and customer satisfaction [8][20] Company Strategy and Development Direction - ZTO aims to expand market share while improving service quality and profitability, targeting a daily parcel volume exceeding 100 million [17][24] - The company is focusing on operational efficiency, digitization, and data analytics to enhance service quality and earnings [24] - ZTO is also committed to diversifying its product offerings and expanding its services across major cities in China [40] Management's Comments on Operating Environment and Future Outlook - Management noted that the pandemic and related restrictions negatively impacted business but expressed optimism for economic recovery and growth opportunities in 2023 [27][28] - The company anticipates a low comparison base for next year, with expectations of double-digit growth in the industry [35] - Management emphasized the importance of maintaining service quality and operational efficiency to capitalize on future market opportunities [29][39] Other Important Information - The board approved an additional RMB500 million buyback plan to enhance shareholder returns [46] - ZTO's capital expenditure for the quarter totaled RMB2.1 billion, with expectations of tapering off in future investments as most infrastructure is already established [24][33] Q&A Session Summary Question: Impact of pandemic on business - Management acknowledged that pandemic-related restrictions have negatively impacted business but expressed hope for economic stimulation post major Congress meetings [26][27] Question: Cost reduction potential - Management indicated that oil price hikes impacted costs but noted improvements in transportation efficiency and ongoing digitization efforts to reduce per unit costs [30][32] Question: Divergence of profitability among peers - Management attributed ZTO's superior profitability to service quality, operational efficiencies, and a balanced focus on volume, market share, and profit expansion [38][39] Question: Investment strategies and overseas expansion - Management stated that while ZTO is exploring international investments, it remains cautious and focused on systemic opportunities, particularly in Southeast Asia [43][44]

Financial Performance - Adjusted net profit grew by 63.1% to RMB 1.8726 billion[3] - Revenue for Q3 2022 was RMB 8.9449 billion, a 21.0% increase from RMB 7.3907 billion in Q3 2021[4] - Gross profit increased by 55.9% to RMB 2.4444 billion compared to RMB 1.5683 billion in the same period last year[4] - Net profit rose by 65.1% to RMB 1.8955 billion from RMB 1.1479 billion in Q3 2021[4] - Operating cash flow was RMB 2.8233 billion, up from RMB 1.7871 billion in Q3 2021[4] - Total revenue reached RMB 8.9 billion (USD 1.26 billion), a 21.0% increase compared to RMB 7.4 billion in the same period last year[8] - Operating profit margin improved by 5.9 percentage points, driven by stable unit operating costs and cost efficiencies[6] - Operating cash flow increased by 58.0% to RMB 2.8 billion, indicating strong cash generation capabilities[6] - Total revenue for 2022 reached RMB 25,505,669, an increase of 24.5% from RMB 21,188,320 in 2021[30] - Gross profit for 2022 was RMB 6,266,713, representing a gross margin of 24.6% compared to 21.5% in 2021[30] - Operating profit for 2022 increased to RMB 5,276,646, up 53.2% from RMB 3,449,008 in 2021[30] - Net profit attributable to shareholders for 2022 was RMB 4,646,445, a growth of 55.5% from RMB 2,992,497 in 2021[30] - Basic earnings per share for 2022 was RMB 5.74, compared to RMB 3.63 in 2021, reflecting a 58.1% increase[30] - Adjusted net profit for 2022 was RMB 4,685,797, up 46.5% from RMB 3,201,668 in 2021[35] - Earnings before interest, taxes, depreciation, and amortization (EBITDA) for 2022 was RMB 7,746,814, reflecting a 45.6% increase from RMB 5,313,464 in 2021[35] Operational Metrics - The total package volume reached 6.4 billion, with a market share increase of 1.3 percentage points to 22.1%[3] - The number of package collection/delivery points exceeded 31,000 as of September 30, 2022[5] - The company operated approximately 97 sorting centers, with 86 managed by the company and 11 by network partners[5] - The number of self-owned vehicles was around 11,000, with 9,300 being high-capacity models[5] - The company expanded its trunk transportation routes to approximately 3,750 as of September 30, 2022[5] - The express service revenue growth of 22.7% was driven by an 11.7% increase in package volume and the rise in unit prices[8] - Total operating costs rose by 11.6% to RMB 6.5 billion, reflecting the overall growth in business activities[9] Cash Flow and Investments - Capital expenditures amounted to RMB 2.1 billion, primarily for land use rights, sorting center construction, and automation[6] - The company generated net cash flow from operating activities of RMB 2,823.3 million (USD 396.9 million), up from RMB 1,787.1 million year-on-year[16] - The company reported a net cash outflow from investing activities of RMB 11,661,085 for the nine months ended September 30, 2022, compared to RMB 5,942,268 for the same period in 2021[32] Shareholder Information - The company announced a share repurchase plan with a total value of up to USD 1.5 billion, effective until June 30, 2024[17] - The weighted average number of ordinary shares for basic earnings per share calculation was 809,389,554 in 2022, slightly down from 823,841,096 in 2021[30] Risks and Forward-Looking Statements - The company acknowledges inherent uncertainties in forward-looking statements regarding its financial outlook and operational performance[27] - The company may revise its growth strategies based on market conditions and other risk factors[27] - The company has a significant reliance on the Alibaba ecosystem, which poses potential risks to its operational performance and market share[27] Non-GAAP Metrics - The company utilizes non-GAAP financial metrics such as EBITDA, adjusted EBITDA, and adjusted net income to assess operational performance and inform financial decisions[19] - The adjusted net income attributable to common shareholders is a key indicator for understanding the company's core trends and future outlook[19] - The company emphasizes that non-GAAP metrics should not be viewed in isolation from GAAP metrics, encouraging investors to consider both for a comprehensive understanding[20] Financial Position - As of September 30, 2022, total assets increased to RMB 77,593,172, up from RMB 62,772,343 as of December 31, 2021, representing a growth of approximately 23.6%[31] - Cash and cash equivalents rose to RMB 14,592,194 as of September 30, 2022, compared to RMB 9,721,225 as of December 31, 2021, marking an increase of about 50.5%[31] - Total liabilities increased to RMB 25,223,348 as of September 30, 2022, from RMB 13,844,762 as of December 31, 2021, indicating a rise of about 82.5%[31] - Total equity as of September 30, 2022, was RMB 52,369,824, up from RMB 48,927,581 as of December 31, 2021, representing an increase of approximately 4.5%[31] - The company’s inventory decreased to RMB 64,671 as of September 30, 2022, from RMB 82,961 as of December 31, 2021, a decline of about 22.1%[31] - The company’s short-term investments increased significantly to RMB 6,952,886 as of September 30, 2022, from RMB 2,845,319 as of December 31, 2021, reflecting a growth of approximately 144.5%[31]

Exhibit 99.1 ZTO Reports Third Quarter 2022 Unaudited Financial Results 6.4 Billion Parcels Expanded Market Share by 1.3 pts to 22.1 % RMB 1.9 Billion Adjusted Net Income Grew 63.1 % on Price Steadiness SHANGHAI, Nov. 21, 2022/PRNewswire/ — ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057), a leading and fastgrowing express delivery company in China ("ZTO" or the "Company"), today announced its unaudited financial results for the third quarter ended September 30, 2022. The Company delivered a parcel volu ...

Financial Data and Key Metrics Changes - In Q2 2022, ZTO delivered a parcel volume of 6.2 billion, an increase of 7.5%, expanding market share by 2 percentage points to 23% [7][23] - Adjusted net income grew 38.2% to 1.76 billion RMB, while total revenue increased 18.2% to 8.7 billion RMB [23][28] - Average Selling Price (ASP) for the core express delivery business increased by 10.5% [23] - Gross profit increased 31.6% to 2.2 billion RMB, with a gross profit margin rate of 25.4%, up 2.6 points [27][28] - Operating cash flow grew 95.7% to 3.8 billion RMB [28] Business Line Data and Key Metrics Changes - The total cost of revenue was 6.5 billion RMB, an increase of 14.2%, with unit costs for core express delivery rising by 6.2% [25][27] - Line haul transportation costs per parcel increased by 2% to 0.49 RMB, while unit sorting costs rose by 9.1% to 0.30 RMB [25][26] Market Data and Key Metrics Changes - The company maintained its annual volume guidance in the range of 24.96 billion to 25.86 billion parcels, representing a 12% to 16% year-over-year increase [30] Company Strategy and Development Direction - ZTO aims to improve efficiency through digitalization and standardization of operations, enhancing resource utilization [13][14] - The company plans to strengthen its partner network management and develop last-mile presence to reduce costs and improve service quality [15][16] - ZTO is focused on expanding its business in five key logistics segments, including LTL and cloud warehousing, to establish competitive advantages [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth potential of the logistics industry despite short-term uncertainties due to the pandemic [19][28] - The company believes that the express delivery industry is resilient and has significant market potential, with a consistent strategy for market share expansion and profit targets [19][28] Other Important Information - The company is exploring dual primary listing options on the Hong Kong Stock Exchange [53] Q&A Session Summary Question: Service operation recovery in EHU and ASP trends - Management confirmed that operations in EHU are gradually resuming, with express delivery businesses coordinating with government inspections [33] - ASP is expected to stabilize, with slight increases anticipated in the second half of the year [34][35] Question: Margin trends and e-commerce portion - Management indicated that margin expansion may slow in the second half of the year due to base effects, but cost productivity initiatives are in place [39][40] - E-commerce remains a stable portion of the business, with no significant changes expected [42] Question: CapEx and cost efficiency guidance - CapEx is projected to remain around 9 billion RMB, with a focus on managing investments against demand [45] - Cost productivity improvements are expected to continue in the second half of the year [46] Question: Investment strategies and long-term market share goals - The company is investing in differentiated products and expanding its ecosystem, aiming for a long-term market share target of 30% to 40% [51][49] Question: Industry growth and dual primary listing - Management remains confident in the long-term growth of the logistics industry, particularly in rural and agricultural sectors [52] - A dual primary listing is being considered as a viable option [53] Question: Digitalization compared to peers - ZTO has invested significantly in technology, positioning itself as a leader in digitalization within the industry [56]

Financial Performance - Revenue for the second quarter was RMB 8,656.7 million (USD 1,292.4 million), an 18.2% increase from RMB 7,325.1 million in the same quarter of 2021[5] - Adjusted net profit grew by 38.2% to RMB 1,758.7 million (USD 262.6 million), compared to RMB 1,272.2 million in the same quarter of 2021[5] - The gross profit was RMB 2,202.8 million (USD 328.9 million), reflecting a 31.6% increase from RMB 1,673.6 million in the same quarter of 2021[5] - Operating cash flow for the quarter was RMB 3,780.8 million (USD 564.5 million), up from RMB 1,932.4 million in the same quarter of 2021[5] - The adjusted EBITDA was RMB 2,892.0 million (USD 431.8 million), a 36.0% increase from RMB 2,125.7 million in the same quarter of 2021[5] - Operating profit rose by 36.4% to RMB 1,985.5 million (USD 296.4 million) from RMB 1,455.7 million in the same period last year, with an operating margin increase from 19.9% to 22.9%[15] - Net profit increased by 38.2% to RMB 1,758.7 million (USD 262.6 million) compared to RMB 1,272.2 million in the same period last year[16] - The company reported a net profit of RMB 2,711,451 for the six months ended June 30, 2022, compared to RMB 1,825,797 for the same period in 2021, marking a growth of approximately 48.6%[35] Market and Operational Metrics - The company reported a package volume of 6.203 billion, representing a 7.5% increase compared to the same period in 2021[6] - The company's market share increased by 2 percentage points to 23%[4] - The total package volume reached 6.2 billion, with a market share increase of 2.0 percentage points to 23.0%[7] - Core express business unit price increased by 10.5% year-on-year, contributing to an 18.8% revenue growth in core express services[9] - The number of sorting centers reached 98, with 87 operated by the company and 11 by network partners[6] - As of June 30, 2022, the company had approximately 11,000 owned vehicles, with 9,250 being high-capacity models[6] Cost and Expense Management - Operating costs rose by 14.2% to RMB 6.5 billion (USD 963.5 million), driven by increased transportation and sorting center operational costs[10] - Total operating expenses were RMB 217.3 million (USD 32.4 million), slightly down from RMB 218.0 million in the same period last year[15] - Sales, general and administrative expenses increased by 16.0% to RMB 456.9 million (USD 68.2 million) from RMB 394.0 million in the same period last year, primarily due to increased compensation and benefits[15] Cash Flow and Investments - Net cash flow from operating activities was RMB 3,780.8 million (USD 564.5 million), significantly higher than RMB 1,932.4 million in the same period last year[17] - The company reported a net cash used in investing activities of RMB (6,924,369) for the six months ended June 30, 2022, compared to RMB (4,556,458) for the same period in 2021, indicating an increase in investment outflows[32] - Capital expenditures were RMB 1.5 billion, with plans to adjust investment strategies based on demand[7] Shareholder Value and Future Outlook - The company announced a share repurchase plan with authorization to repurchase up to USD 1 billion of its Class A ordinary shares, extending the plan until June 30, 2023[19] - The company aims to continue expanding market share and enhancing profitability while supporting network partners to improve their profit quality[7] - The company maintains its annual business volume guidance, expecting a total package volume of 24.96 to 25.86 billion pieces in 2022, representing a year-over-year growth of 12% to 16%[18] Tax and Financial Position - The overall effective tax rate increased by 3.4 percentage points to 25% due to a higher proportion of income from local operating entities compared to those eligible for a preferential tax rate of 15%[16] - As of June 30, 2022, total assets amounted to RMB 68,506,030, an increase from RMB 62,772,343 as of December 31, 2021, representing a growth of approximately 9.8%[31] - Total current liabilities as of June 30, 2022, were RMB 16,977,336, compared to RMB 12,996,315 as of December 31, 2021, marking an increase of 30.5%[31] - The company’s total liabilities as of June 30, 2022, were RMB 17,768,287, an increase from RMB 13,844,762 as of December 31, 2021, representing a growth of 28.3%[31] - The total equity as of June 30, 2022, was RMB 50,737,743, a decrease from RMB 48,927,581 as of December 31, 2021, reflecting a decline of 1.6%[31] Earnings Per Share - The basic and diluted earnings per American Depositary Share (ADS) were RMB 2.23 (USD 0.33), a 42.9% increase from RMB 1.56 in the same quarter of 2021[5] - Basic earnings per share for the three months ended June 30, 2022, was RMB 2.23, up from RMB 1.56 in the same period of 2021, indicating a growth of approximately 42.7%[35] - Diluted earnings per share for the six months ended June 30, 2022, was RMB 3.57, compared to RMB 1.56 for the same period in 2021, showing an increase of about 128.2%[35]