ZTO EXPRESS-W (02057): Both volume and quality have improved, with Q2 business volume reaching 10.5 billion pieces, a growth of 6.5%, and a market share of 19.9%.
In the second quarter of 2026, Zhongtong completed a business volume of 10.5 billion pieces, a year-on-year increase of 6.5%, surpassing the industry average growth rate by 2.3%, with a market share of 19.9%.
On August 19, ZTO EXPRESS-W (02057) announced its Q2 2026 performance. The financial report shows that ZTO achieved a business volume of 10.5 billion items in the second quarter of 2026, a year-on-year increase of 6.5%, exceeding the industry average growth rate of 2.3%, with a market share of 19.9%. The adjusted net profit for Q2 was 3.1 billion yuan, a year-on-year increase of 50.3%; the per-package revenue rose 15.5% year-on-year, while the total sorting and transportation cost per package decreased by 0.02 yuan. Thanks to the guidance of the "anti-involution" policy, the profitability of the express delivery industry is generally improving.
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