ZTO EXPRESS-W(02057): "Quantity, price, and profit" all rise together, with Q1 parcel volume reaching 9.7 billion pieces, surpassing industry growth rate by 7.4%.

On May 20th, ZTO EXPRESS-W (02057) announced its 2026 Q1 performance. The financial report shows that in the first quarter of 2026, ZTO completed a total business volume of 9.7 billion pieces, an increase of 13.2% year-on-year, exceeding the industry average growth rate of 7.4%. The price per ticket rose by 8.2%, while the total sorting and transportation costs per ticket decreased by 6 cents. Adjusted net profit for Q1 was 2.4 billion yuan, an increase of 5.2% year-on-year. The board of directors has authorized the repurchase of shares totaling not more than $1.5 billion in the next 24 months.