ZTO Express Holds 2024 National Network Conference

Core Insights - ZTO Express held its National Network Conference on January 23, 2024, to review 2023 achievements and outline 2024 goals, focusing on high-quality development of its network [1][3] Company Performance - In 2023, ZTO achieved a parcel volume of 30.2 billion, marking a year-on-year growth of 23.8% and capturing a market share of 22.9%, further solidifying its leadership position [2] Strategic Focus for 2024 - The conference emphasized the need to integrate "development" and "security," with key tasks including prioritizing safety, enhancing capabilities, strengthening services, improving efficiency, ensuring transparency, activating potential, promoting collaboration, and building a strong team [3] Industry Outlook - The chairman highlighted the potential of the Chinese express delivery market and ZTO's advantages in scale, cost, foundation, brand, and network, aiming for excellence in core business, ecological expansion, and channel building [4] Business Model - ZTO operates a scalable network partner model, which supports the growth of e-commerce in China by leveraging network partners for pickup and last-mile delivery while controlling critical line-haul transportation and sorting [5]