Chinese courier firm ZTO Express Q2 revenue rises
Overview
ZTO Express Q2 revenue rises 10.3% yr/yr to RMB11,831.8 mln
Adjusted net income falls 26.8% to RMB2.1 bln
Co announces interim dividend of US$0.30 per ADS
Outlook
Company revises annual parcel volume guidance to 38.8 bln-40.1 bln
ZTO expects 2025 parcel volume growth of 14%-18%
Company cites economic, competition, and policy conditions for guidance adjustment
Result Drivers
PARCEL VOLUME - Parcel volume grew by 16.5% to 9.8 bln, contributing to revenue growth
COST MANAGEMENT - Unit transportation cost decreased by 15.4% due to economies of scale and effective route planning
RETAIL VOLUME - Retail volumes grew over 50% yr/yr, positively impacting overall margin
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| RMB 11.83 bln |
|
Q2 Adjusted EARNINGS PER ADS |
| RMB 2.48 |
|
Q2 Adjusted Net Income |
| RMB 2.10 bln |
|
Q2 Net Income |
| RMB 1.96 bln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "buy"
Wall Street's median 12-month price target for ZTO Express (Cayman) Inc is $24.00, about 17.8% above its August 19 closing price of $19.74
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nPn35cFwwa
Related Articles
[Crypto IPO] Figure Technology Follows Circle and Bullish with Nasdaq Listing Plans
On August 18, U.S.-based blockchain lending firm Figure Technology Solutions Inc. publicly announced it has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), signaling its intent to go public on the Nasdaq Global Market under the ticker symbol FIGR.
Japan July CPI Preview: With Inflation Cooling, Will the Yen Still Rise?
TradingKey - Japan is set to release July inflation data on 22 August 2025. Market consensus predicts that the national Consumer Price Index (CPI) excluding fresh food will see its year-on-year increase slow from 3.3% in June to 3%. While forecasts for headline CPI and CPI excluding food and...
Powell's Jackson Hole Speech: For U.S. Stocks, Hawk or Dove Signal Could Be a Lose-Lose?
TradingKey - As U.S. inflation and labor market data show signs of rebalancing, Treasury traders and Wall Street banks have largely priced in a rate cut at the September FOMC meeting — the first of 2025. Yet both a more dovish-than-expected tone and a potential surprise hawkish signal from Fed Chair
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...
Bridgewater Associates Q2 2025 13F Analysis: Founder Ray Dalio’s Final Act
TradingKey - Bridgewater Associates, the world’s largest hedge fund and renowned for its macroeconomic analysis, continues to command market respect with its “risk parity” strategy and precise economic cycle timing.
