中通快递公布2025年第三季度业绩:包裹量95.7亿件 调整后净利润25.1亿元
Zhong Zheng Wang·2025-11-20 13:11

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%, with adjusted net profit rising by 5.0% to RMB 2.51 billion and revenue reaching RMB 11.86 billion, up 11.1% [1] - The founder and CEO emphasized a strategy focused on quality, market share expansion, and maintaining healthy profitability, with a strong growth momentum in the parcel business, which saw nearly 50% year-on-year growth [1] - The CFO noted an increase in core express revenue per ticket by RMB 0.02, with a stable management expense structure at 5.3% of revenue, and a capital expenditure of RMB 1.2 billion for the quarter [1] Financial Performance - Package volume for Q3 2025 was 9.57 billion, a 9.8% increase year-on-year [1] - Adjusted net profit grew by 5.0% to RMB 2.51 billion [1] - Revenue reached RMB 11.86 billion, reflecting an 11.1% year-on-year increase [1] - Operating cash flow was RMB 3.21 billion, up 3.2% [1] Strategic 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 rate of 12.3% to 13.8% [1] - The CEO expressed confidence in the company's ability to enhance service quality, business scale, and profitability amidst a complex macro environment [1] - The company operates 95 sorting centers and over 31,000 pickup and delivery points, with more than 6,000 direct network partners [1] Share Buyback Program - As of September 30, 2025, the company has repurchased a total of 52.92 million American Depositary Shares for $1.3 billion, with $700 million remaining in the share buyback program [2]