Core Insights - ZTO Express reported its Q3 2025 unaudited financial results, showing a package volume of 9.57 billion, a year-on-year increase of 9.8%, and a revenue of 11.86 billion, up 11.1% year-on-year [1] - The adjusted net profit for Q3 2025 grew by 5.0% to 2.51 billion, with operating cash flow reaching 3.21 billion [1] - The founder and CEO emphasized a strategy focused on quality, market share expansion, and maintaining healthy profitability, with a strong growth in the parcel business contributing positively to profits [1] Financial Performance - The core revenue per package increased by 0.02 yuan, with key customer pricing up by 0.18 yuan, offsetting other impacts [1] - Sorting and transportation costs decreased by 0.05 yuan, primarily due to improved transportation efficiency [1] - Operating cash flow grew by 3.2% to 3.2 billion, with capital expenditures for Q3 at 1.2 billion [1] Business Outlook - The company adjusted its full-year package volume guidance to a range of 38.2 billion to 38.7 billion, corresponding to a year-on-year growth of 12.3% to 13.8% [1] - The company maintains confidence in its ability to execute its overall corporate strategy and adapt to current challenges in the evolving macro environment [1] - As of September 30, 2025, ZTO Express operated 95 sorting centers and over 31,000 pickup and delivery points, with a direct network of over 6,000 partners [1] Share Buyback - ZTO Express has repurchased a total of 52.9195 million American depositary shares for approximately 1.3 billion, with 700 million remaining available for future buybacks [1]
中通快递业绩增长盈利稳升 包裹量领跑行业