Zto Express (Cayman), Inc. Sponsored Adr Class A ( (ZTO) ) has released its Q4 earnings. Here is a breakdown of the information Zto Express (Cayman), Inc. Sponsored Adr Class A presented to its investors.
ZTO Express (Cayman) Inc. is a leading express delivery company in China, known for its extensive and reliable logistics network that supports the burgeoning e-commerce sector in the country. The company recently released its unaudited financial results for the fourth quarter and full year of 2024, highlighting significant growth in parcel volume and adjusted net income.
For the fiscal year 2024, ZTO Express reported an increase in annual parcel volume to 34.0 billion, with adjusted net income rising by 12.7% to RMB10.2 billion. The company also declared a semi-annual dividend of US$0.35 per share. In the fourth quarter alone, revenues increased by 21.7% year-over-year, reaching RMB12,919.7 million, while adjusted EBITDA grew by 26.4%.
Key financial metrics for the fourth quarter included a gross profit of RMB3,759.7 million, a net income of RMB2,446.8 million, and an adjusted net income of RMB2,733.3 million, reflecting a robust performance compared to the same period in 2023. The company’s operational highlights showed a 11.0% increase in parcel volume, supported by a network of over 31,000 pickup and delivery outlets.
Looking ahead, ZTO Express anticipates continued growth in 2025, with parcel volume expected to rise between 20% and 24% year-over-year. The company remains focused on enhancing service quality, increasing volume, and maintaining profitability, aiming to surpass industry growth rates in the coming year.
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