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…
ZTO momentum slows in third quarter as headwinds build
The delivery company’s revenue and profit both rose year-on-year despite China’s economic slowdown, but both figures were down from the second quarter Key Takeaways: ZTO earned 2.35 billion yuan in…
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…
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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