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2021-05-20
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4.5 Billion Parcels Expanded Market Share to 20.4%
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(NYSE:ZTO and SEHK: 2057), a leading","content":"<p>SHANGHAI, May 19, 2021 /PRNewswire/ --<b>ZTO Express (Cayman) Inc. (NYSE:ZTO</b> <b>and SEHK: 2057)</b>, a leading and fast-growing express delivery company inChina(\"ZTO\" or the \"Company\"), today announced its unaudited financial results for the first quarter endedMarch 31, 2021[1]. The Company delivered a parcel volume growth of 88.5% and expanded market share by 1.5 percentage points to 20.4% while maintaining high quality of service and customer satisfaction. Adjusted net income beat market expectations by growing 23.1% to reachRMB781.6 million. Cash generated from operating activities wasRMB477.0 million.</p><p><b>First Quarter 2021 Financial Highlights</b></p><ul><li>Revenues were RMB6,472.5 million(US$987.9 million), an increase of 65.3% fromRMB3,915.9 millionin the same period of 2020.</li><li>Gross profit wasRMB1,096.5 million(US$167.4 million), an increase of 33.9% fromRMB818.7 millionin the same period of 2020.</li><li>Net income wasRMB533.5 million(US$81.4 million), an increase of 43.8% fromRMB371.0 millionin the same period of 2020.</li><li>Adjusted EBITDA[2]wasRMB1,468.1 million(US$224.1 million), an increase of 25.1% fromRMB1,173.4 millionin the same period of 2020.</li><li>Adjusted net income[3]wasRMB781.6 million(US$119.3 million), an increase of 23.1% fromRMB635.1 millionin the same period of 2020.</li><li>Basic and diluted earnings per American depositary share (\"ADS\"[4]) wereRMB0.64(US$0.10), an increase of 33.3% fromRMB0.48in the same period of 2020.</li><li>Adjusted basic and diluted earnings per American depositary share[5]attributable to ordinary shareholders wereRMB0.94(US$0.14), an increase of 14.6% fromRMB0.82in the same period of 2020.</li><li>Net cash provided by operating activities wasRMB477.0 million(US$72.8 million), compared withRMB177.8 millionin the same period of 2020.</li></ul><p><b>Operational Highlights for First Quarter 2021</b></p><ul><li>Parcel volume was 4,475 million, an increase of 88.5% from 2,374 million in the same period of 2020.</li><li>Number of pickup/delivery outlets was approximately 30,000 as ofMarch 31, 2021.</li><li>Number of direct network partners was over 5,350 as ofMarch 31, 2021.</li><li>Number of line-haul vehicles was over 10,450 as ofMarch 31, 2021, which included over 10,050 self-owned vehicles and approximately 400 vehicles owned and operated by Tonglu Tongze Logistics Ltd., a transportation operator that works exclusively for ZTO.</li><li>Out of the over 10,050 self-owned trucks, over 8,100 were high capacity 15 to 17-meter-long models as ofMarch 31, 2021, compared to approximately 7,900 as ofDecember 31, 2020.</li><li>Number of line-haul routes between sorting hubs was over 3,650 as ofMarch 31, 2021, compared to over 3,600 as ofDecember 31, 2020.</li><li>Number of sorting hubs was 95 as ofMarch 31, 2021, among which 84 are operated by the Company and 11 by the Company's network partners.</li></ul><p><b>ZTO</b> shares rose 3.81% in after hour trading.</p><p><img src=\"https://static.tigerbbs.com/264c0e033a630146d774f6d82ac628da\" tg-width=\"1288\" tg-height=\"617\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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(NYSE:ZTO</b> <b>and SEHK: 2057)</b>, a leading and fast-growing express delivery company inChina(\"ZTO\" or the \"Company\"), today announced its unaudited financial results for the first quarter endedMarch 31, 2021[1]. The Company delivered a parcel volume growth of 88.5% and expanded market share by 1.5 percentage points to 20.4% while maintaining high quality of service and customer satisfaction. Adjusted net income beat market expectations by growing 23.1% to reachRMB781.6 million. Cash generated from operating activities wasRMB477.0 million.</p><p><b>First Quarter 2021 Financial Highlights</b></p><ul><li>Revenues were RMB6,472.5 million(US$987.9 million), an increase of 65.3% fromRMB3,915.9 millionin the same period of 2020.</li><li>Gross profit wasRMB1,096.5 million(US$167.4 million), an increase of 33.9% fromRMB818.7 millionin the same period of 2020.</li><li>Net income wasRMB533.5 million(US$81.4 million), an increase of 43.8% fromRMB371.0 millionin the same period of 2020.</li><li>Adjusted EBITDA[2]wasRMB1,468.1 million(US$224.1 million), an increase of 25.1% fromRMB1,173.4 millionin the same period of 2020.</li><li>Adjusted net income[3]wasRMB781.6 million(US$119.3 million), an increase of 23.1% fromRMB635.1 millionin the same period of 2020.</li><li>Basic and diluted earnings per American depositary share (\"ADS\"[4]) wereRMB0.64(US$0.10), an increase of 33.3% fromRMB0.48in the same period of 2020.</li><li>Adjusted basic and diluted earnings per American depositary share[5]attributable to ordinary shareholders wereRMB0.94(US$0.14), an increase of 14.6% fromRMB0.82in the same period of 2020.</li><li>Net cash provided by operating activities wasRMB477.0 million(US$72.8 million), compared withRMB177.8 millionin the same period of 2020.</li></ul><p><b>Operational Highlights for First Quarter 2021</b></p><ul><li>Parcel volume was 4,475 million, an increase of 88.5% from 2,374 million in the same period of 2020.</li><li>Number of pickup/delivery outlets was approximately 30,000 as ofMarch 31, 2021.</li><li>Number of direct network partners was over 5,350 as ofMarch 31, 2021.</li><li>Number of line-haul vehicles was over 10,450 as ofMarch 31, 2021, which included over 10,050 self-owned vehicles and approximately 400 vehicles owned and operated by Tonglu Tongze Logistics Ltd., a transportation operator that works exclusively for ZTO.</li><li>Out of the over 10,050 self-owned trucks, over 8,100 were high capacity 15 to 17-meter-long models as ofMarch 31, 2021, compared to approximately 7,900 as ofDecember 31, 2020.</li><li>Number of line-haul routes between sorting hubs was over 3,650 as ofMarch 31, 2021, compared to over 3,600 as ofDecember 31, 2020.</li><li>Number of sorting hubs was 95 as ofMarch 31, 2021, among which 84 are operated by the Company and 11 by the Company's network partners.</li></ul><p><b>ZTO</b> shares rose 3.81% in after hour trading.</p><p><img src=\"https://static.tigerbbs.com/264c0e033a630146d774f6d82ac628da\" tg-width=\"1288\" tg-height=\"617\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZTO":"中通快递","02057":"中通快递-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160173685","content_text":"SHANGHAI, May 19, 2021 /PRNewswire/ --ZTO Express (Cayman) Inc. (NYSE:ZTO and SEHK: 2057), a leading and fast-growing express delivery company inChina(\"ZTO\" or the \"Company\"), today announced its unaudited financial results for the first quarter endedMarch 31, 2021[1]. The Company delivered a parcel volume growth of 88.5% and expanded market share by 1.5 percentage points to 20.4% while maintaining high quality of service and customer satisfaction. Adjusted net income beat market expectations by growing 23.1% to reachRMB781.6 million. Cash generated from operating activities wasRMB477.0 million.First Quarter 2021 Financial HighlightsRevenues were RMB6,472.5 million(US$987.9 million), an increase of 65.3% fromRMB3,915.9 millionin the same period of 2020.Gross profit wasRMB1,096.5 million(US$167.4 million), an increase of 33.9% fromRMB818.7 millionin the same period of 2020.Net income wasRMB533.5 million(US$81.4 million), an increase of 43.8% fromRMB371.0 millionin the same period of 2020.Adjusted EBITDA[2]wasRMB1,468.1 million(US$224.1 million), an increase of 25.1% fromRMB1,173.4 millionin the same period of 2020.Adjusted net income[3]wasRMB781.6 million(US$119.3 million), an increase of 23.1% fromRMB635.1 millionin the same period of 2020.Basic and diluted earnings per American depositary share (\"ADS\"[4]) wereRMB0.64(US$0.10), an increase of 33.3% fromRMB0.48in the same period of 2020.Adjusted basic and diluted earnings per American depositary share[5]attributable to ordinary shareholders wereRMB0.94(US$0.14), an increase of 14.6% fromRMB0.82in the same period of 2020.Net cash provided by operating activities wasRMB477.0 million(US$72.8 million), compared withRMB177.8 millionin the same period of 2020.Operational Highlights for First Quarter 2021Parcel volume was 4,475 million, an increase of 88.5% from 2,374 million in the same period of 2020.Number of pickup/delivery outlets was approximately 30,000 as ofMarch 31, 2021.Number of direct network partners was over 5,350 as ofMarch 31, 2021.Number of line-haul vehicles was over 10,450 as ofMarch 31, 2021, which included over 10,050 self-owned vehicles and approximately 400 vehicles owned and operated by Tonglu Tongze Logistics Ltd., a transportation operator that works exclusively for ZTO.Out of the over 10,050 self-owned trucks, over 8,100 were high capacity 15 to 17-meter-long models as ofMarch 31, 2021, compared to approximately 7,900 as ofDecember 31, 2020.Number of line-haul routes between sorting hubs was over 3,650 as ofMarch 31, 2021, compared to over 3,600 as ofDecember 31, 2020.Number of sorting hubs was 95 as ofMarch 31, 2021, among which 84 are operated by the Company and 11 by the Company's network partners.ZTO shares rose 3.81% in after hour trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/197258276"}
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