ZTO Express reports Q2 adjusted ADS RMB2.48 vs. RMB3.38 last year

Reports Q2 revenue RMB11.83B vs. RMB10.76B last year. Meisong Lai, Founder, Chairman and CEO of ZTO, commented, “During the Q2, ZTO further narrowed the gap to industry average growth rate despite continued industry mix-shift towards lower unit economics. Supported by leading service quality, we achieved over 9.8B parcels and delivered 2.1 billion of adjusted net income. Retail volume’s growth momentum remained strong at over 50% than last year and it contributed positively to overall margin.”