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ZTO Express lowers FY25 parcel volume view to 38.8B-40.1B from 40.8B-42.2B

Based on current market and operating conditions, the Company revises down its previously stated annual parcel volume guidance. Parcel volume for 2025 is expected to be in the range of 38.8B-40.1B representing a 14.0% to 18.0% increase year over year. Such estimates represent management’s current and preliminary view, which are subject to change.

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