ZTO Express (Cayman) Reports Strong Q1 Performance with Higher Parcel Volume Growth
ZTO Express (Cayman) reported a strong first-quarter performance, outpacing the broader Chinese express delivery industry. The company's parcel volume grew by 13.2% year-over-year to 9.67 billion parcels compared to an industry growth of 5.8%. Revenue increased by 22%, and adjusted net income rose by 5.2%, while ZTO maintained its full-year guidance for parcel growth.
Tickers: $ZTO
Topics: AI adoption automation express delivery market share revenue growth