Dongxing Securities: Maintains a "strong buy" rating on Zhongtong Express-W, and expects the company's profitability to improve in the second half of the year.

Dongxing Securities released a research report stating that it maintains a "strongly recommended" rating for Zhongtong Express-W. It is estimated that the company's net profit attributable to shareholders for the years 2025, 2026, and 2027 will be 8.85 billion, 10.22 billion, and 11.53 billion respectively, with corresponding PE ratios of 13.0X, 11.2X, and 10.0X. As a leading company in the Tongda system, the company's position is stable, and it is able to maintain a relatively stable profit level in price wars, with strong safety margins.