ZTO Express H1 Net Profit Rises 31.48% to RMB5.169 Billion, Adjusts Annual Volume Guidance
ZTO Express reported first-half net profit attributable to shareholders of RMB5.169 billion, up 31.48% year on year, on revenue of RMB27.832 billion, up 22.48%. Second-quarter net profit rose 57.4% to RMB3.051 billion. The company adjusted its full-year parcel volume guidance to 40.8-42.4 billion pieces, citing changing market conditions and a broader industry slowdown.
ZTO Express announced its interim results for the period ended June 30. Net profit attributable to shareholders reached RMB5.169 billion, up 31.48% year on year. Basic earnings per share stood at RMB6.71, with no interim dividend declared. Revenue rose 22.48% to RMB27.832 billion, driven mainly by higher parcel volume and a continued shift in business toward higher-value customer segments.
For the second quarter alone, net profit attributable to shareholders increased 57.4% year on year to RMB3.051 billion, with basic earnings per share of RMB3.99. Quarterly revenue grew 22.97% to RMB14.55 billion.
ZTO Express said that, given ongoing changes in market conditions and a broader slowdown in industry parcel volume growth, it has adjusted its previously issued annual business volume guidance.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is mixed for Logistics & Express Delivery, with intensity 50/100 and 70% confidence over a short term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.