YTO International ships in new CEO as its revenue fails to deliver
Revenue at the international arm of one of China’s leading parcel delivery companies shrunk by nearly 30% last year on falling international freight prices and waning demand Key Takeaways: YTO…
FAST NEWS: ZTO Express profit rises despite lower revenue per order
The latest: Logistics provider ZTO Express (Cayman) Inc. (ZTO.US; 2057.HK) reported Wednesday its annual net profit rose 28.5% year-over-year to 8.76 billion yuan ($1.22 billion) in 2023, while its non-GAAP net profit rose…
FAST NEWS: ZTO Express posts big profit growth, raises full-year delivery guidance
The latest: Logistics provider ZTO Express (Cayman) Inc. (ZTO.US; 2057.HK) announced Thursday its first-quarter revenue rose 13.7% year-over-year to 8.98 billion yuan ($1.34 billion), while its net profit jumped 90.2%…
Short sellers raise red flag over ZTO accounts, but its shares still rally
The U.S. short seller Grizzly Research has cast doubt on the high gross margins at ZTO Express, suspecting the firm’s books may have been cooked, but shares in the logistics…
FAST NEWS: YTO International Says Profit Plunged Last Year
The latest: Delivery and logistics company YTO International Express and Supply Chain Technology Ltd. (6123.HK) said on Monday it expects to report its net profit last year dropped by about…
ZTO Express Delivers Exceptional Profits for Investors
The company was the most profitable in China’s ultra-competitive parcel delivery industry during the third quarter Key Takeaways:ZTO Express’ revenue grew much faster than its operating costs in the third…
ZTO Emerges from Latest Delivery Price Wars With Return to Profit Growth
Logistics company delivered 31% more packages last year, but revenue grew by a slower 21% as the ultra-competitive sector engaged in its latest price war Key Takeaways: ZTO’s adjusted profit…
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