ZTO EXPRESS-W (02057) released its third quarter performance, with a net profit attributable to the parent company of 2.524 billion yuan, an increase of 5.32% year-on-year.

ZTO EXPRESS-W (02057) announced its performance for the third quarter of 2025. The group achieved revenue of RMB 11.865 billion, an increase of 11.14% year-on-year; net profit attributable to ordinary shareholders was RMB 2.524 billion, an increase of 5.32% year-on-year; basic earnings per share attributable to ordinary shareholders were RMB 3.16. Mr. Lai Meisong, founder, chairman, and CEO of ZTO, stated: "Adhering to quality first, expanding market share, and maintaining a healthy level of profitability are ZTO's long-term and firm strategies. This quarter, we completed 9.6 billion deliveries, a year-on-year increase of 9.8%; achieved adjusted net profit of RMB 25.1 billion, a year-on-year increase of 5%. The growth momentum of individual deliveries remains strong, with a year-on-year increase of nearly 50%, continuing to make a positive contribution to profits." Mr. Lai added: "In the third quarter, the government's promotion of anti-insularity not only effectively promotes social stability but also drives the industry from simply pursuing high quantity to high-quality development. As an industry leader, ZTO is required to push itself to higher standards. We reiterate our commitment to strengthen our capabilities, focus on solving substantive issues, and continue to drive long-term healthy and sustainable growth, despite the complex and uncertain macro environment." Ms. Yan Huiping, CFO of ZTO, stated: "The core express revenue per ticket at ZTO increased by 0.02 RMB. Incremental subsidies increased by 0.14 RMB, the impact of a decrease in ticket weight by 0.02 RMB, and an increase in the price per ticket for KA customers by 0.18 RMB offset the aforementioned impacts. The total cost of ticket sorting and transportation decreased by 0.05 RMB, mainly due to the improvement in transportation cost efficiency. The cost structure of management fees remained stable, accounting for 5.3% of revenue; operating cash flow increased by 3.2% to 32 billion RMB; capital expenditures for this quarter were 12 billion RMB." Ms. Yan added: "Based on our prediction of industry trends in the fourth quarter, we have adjusted our annual delivery volume forecast to a range of 3.82 billion to 3.87 billion, corresponding to a year-on-year growth rate of 12.3% to 13.8%. Delivery volume is crucial for us, and network stability is the cornerstone of the company's sustainable development. As the macro environment continues to evolve and the industry competition landscape moves towards healthier development, we remain confident in our ability to execute our overall corporate strategy, address current challenges, and ultimately become a leading global logistics service provider."