Zto Express (Cayman), Inc. Sponsored Adr Class A (ZTO) has released an update.
ZTO Express (Cayman) Inc. has reported robust financial results for Q4 2023 and the full year, with a 32.3% increase in adjusted net income reaching RMB 9.0 billion and a significant expansion in market share to 22.9% amid processing 30.2 billion parcels. The company also raised its annual dividend by 68% to US$0.62 per share and expanded its share repurchase program by USD 500 million, reflecting confidence in its ongoing growth and commitment to delivering shareholder value.
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