高盛：中通快递-2025 年中国科技网要点总结：在逆向包裹业务中市场份额稳固增长；竞争依然激烈；买入
Goldman Sachs·2025-05-22 05:50
21 May 2025 | 11:18PM HKT Ronald Keung, CFA ZTO Express (Cayman) Inc. (ZTO): TechNet China 2025 Key Takeaways: Solid share gain in reverse parcels; competition remains intense; Buy Bottom Line: We hosted ZTO Express' CFO Huiping Yan on May 21st at GS TechNet China in Shanghai. Key investor focuses/topics discussed include: 1) Competitive landscape in express delivery industry: the company notes intensifying price competition and higher mix of low-weight small parcels weigh on industry-wide ASP. ZTO continue ...