Group 1 - ZTO Express (02057) reported a 4% increase in stock price, reaching HKD 13.62, with a trading volume of HKD 15.42 million [1] - For Q3 2025, ZTO Express's revenue and adjusted net profit grew by 11% and 7% year-on-year, respectively, with adjusted net profit per order at approximately RMB 0.27, an improvement from RMB 0.21 in Q2 [1] - The company is expected to benefit from the implementation of industry anti-competition policies, with regulatory bodies likely to enforce price floors to curb vicious price competition [1] Group 2 - Zhejiang Securities reported that the company completed 9.57 billion express deliveries in Q3 2025, a year-on-year increase of 9.8%, capturing a market share of 19.4% [2] - The growth momentum in the parcel business remains strong, with a nearly 50% year-on-year increase, contributing positively to profits [2] - The company adjusted its annual guidance, forecasting parcel volumes for 2025 to be between 38.2 billion and 38.7 billion, representing a year-on-year growth of 12.3% to 13.8% [2]
中通快递-W张超4% 公司散件业务量增长势头依然强劲 机构料其明年市场份额将回升