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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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