Core Insights - ZTO Express reported Q2 2025 revenue of 11.832 billion RMB, a year-on-year increase of 10.3% [1] - Net profit for the quarter was 1.965 billion RMB, with adjusted diluted earnings per American Depositary Share at 2.53 RMB and 2.48 RMB [1] - Package volume reached 9.847 billion, up 16.5% from 8.452 billion in Q2 2024 [1] Operational Metrics - As of June 30, 2025, ZTO had over 31,000 collection and delivery points and approximately 6,000 direct network partners [1] - The fleet included over 10,000 self-owned vehicles, with over 9,400 being high-capacity models [1] - The company operated 94 sorting centers, with 90 managed by ZTO and 4 by network partners [1] Management Commentary - The CEO emphasized the company's commitment to quality and differentiated service, despite a market trend towards lower-priced offerings [1] - The CFO noted a slight decrease in net revenue per package, attributed to increased incentives and a decline in average package weight, partially offset by higher prices for key accounts [1] - The company adjusted its full-year package volume guidance to a range of 38.8 billion to 40.1 billion, reflecting a growth rate of 14.0% to 18.0% [1] Revenue Breakdown - Core express service revenue grew by 11.0% year-on-year, driven by a 16.5% increase in package volume and a 4.7% decrease in package price [1] - Freight forwarding service revenue decreased by 22.7% compared to the same period in 2024 [1] - Material sales, primarily from thermal paper for electronic waybills, increased by 9.5% [1]
中通快递-W发布2025年第二季度业绩 收入118.32亿元 同比增加10.3% 包裹量达98.47亿件