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Dec 31, 2024
ZTO Express Q4 2024 Earnings Report
ZTO Express reported its fourth-quarter 2024 financial results, achieving strong revenue and adjusted net income growth.
Key Takeaways
ZTO Express delivered a robust performance in Q4 2024 with revenues reaching $1,770,000,000, a 21.7% increase year-over-year. Adjusted net income rose to $374,500,000, supported by an 11.0% growth in parcel volume and improved pricing. Operating income grew by 25.3%, while cost efficiencies and productivity enhancements contributed to higher margins.
Revenue increased by 21.7% year-over-year to $1,770,000,000.
Adjusted net income rose by 23.4% to $374,500,000.
Operating income increased by 25.3% to $473,100,000.
Parcel volume grew by 11.0% to 9.665 billion units.
ZTO Express
ZTO Express
ZTO Express Revenue by Segment
Revenue by Segment
Express Delivery Revenue
CapyFin.comFreight Forwarding Revenue
CapyFin.comAccessories Sales Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
For 2025, ZTO Express expects parcel volume to grow between 20% and 24%, supported by strategic investments and continued focus on quality and efficiency.
Positive Outlook
- Expected parcel volume growth of 20%-24%.
- Continued cost productivity improvements.
- Strong e-commerce demand in China.
- Increased automation and infrastructure enhancements.
- Robust financial position enabling further expansion.
Challenges Ahead
- Persistent pricing pressure in parcel unit pricing.
- Macroeconomic uncertainties affecting consumer spending.
- Rising last-mile delivery costs.
- Potential competitive market dynamics.
- Higher costs for serving enterprise customers.
Revenue & Expenses
Visualization of income flow from segment revenue to net income