ZTO Express reports 19.1% volume growth in Q1 2025

ZTO Express (HKEX:2057) announced its unaudited financial results for the first quarter of 2025, reporting a 9.4% increase in revenues to RMB10,891.5 million. Despite a challenging competitive landscape, parcel volume increased significantly to 8.5 billion. Adjusted net income saw a modest rise of 1.6%, reaching RMB2,259.3 million, while net income increased 40.9% to RMB2,039.2 million. The company reiterated its full-year volume growth guidance of 20% to 24%. Core express ASP decreased by 11 cents, while combined unit sorting and transportation costs decreased by 9 cents. Net cash provided by operating activities was RMB2,363.0 million. The company has extended its share repurchase program to June 30, 2026, reflecting confidence in its market position.