HK Stock Market Move | ZTO EXPRESS-W (02057) rose nearly 4% during trading hours, with a total business volume of 34 billion pieces for the year. The pricing strategy will be implemented nationwide after the Spring Festival.

ZTO EXPRESS-W(02057) rose nearly 4% during trading hours, and as of the time of writing, it had risen by 3.15%, reaching 150.6 Hong Kong dollars, with a trading volume of 98.816 million Hong Kong dollars. On the news front, ZTO Express recently announced that a national network work conference was held at its Shanghai headquarters on January 9. The conference summarized and reviewed the work of 2024, analyzed the situation, and deployed key tasks for 2025. ZTO Chairman Lai Meisong pointed out at the meeting that in 2024, ZTO completed a business volume of 34 billion pieces, an increase of 12.6% year-on-year, and its business scale has been the industry leader for nine consecutive years. China Securities Co., Ltd. pointed out that ZTO's pricing policy has been piloted in the Guangdong region in the fourth quarter of 2024 and the strategic direction and policies for the whole year have been clarified at the national network conference in 2025. However, the specific strategy and pace of starting a price war need to be balanced and observed through high-frequency monthly data and research. The bank stated that whether the "share + profit" double-click can ultimately be achieved, it will depend on the verification and realization of the "double-click logic" in the second half of this year, around Q2 or Q3.