The earnings call presented a mixed outlook. While there were significant achievements in parcel volume growth, cost efficiency, and adjusted net income, these were tempered by challenges such as intensified price competition and a notable decrease in gross profit margins.

Company Guidance

During the first quarter of 2025, ZTO Express provided comprehensive guidance focusing on their strategic initiatives and financial outlook. The company reported a 19.1% year-over-year increase in parcel volume to 8.5 billion and achieved an adjusted net income of CNY 2.3 billion, marking a 1.6% increase. Despite the express delivery industry's 21.6% growth in parcel volume, ZTO faced intensified price competition and a growing proportion of lower-value parcels. To address these challenges, ZTO emphasized enhancing service quality, increasing retail parcel penetration, and optimizing cost structures. The ASP for core express services saw a positive shift of CNY 0.12 due to an improved product mix, while unit transportation and sorting costs decreased by CNY 0.09 year-over-year. The company reiterated its full-year parcel volume guidance of 40.8 billion to 42.2 billion, representing a 20% to 24% increase. The guidance also highlighted ongoing investments in technology, including AI applications in sorting and route planning, to drive operational efficiencies and maintain market competitiveness.

Parcel Volume Growth

ZTO delivered a total parcel volume of 8.5 billion in Q1 2025, up 19.1% year-over-year.

Growth in Retail and Reverse Logistics

Retail parcel volume increased 46% year-over-year in Q1, with reverse logistics volumes surging over 150%.

Cost Efficiency Improvements

Unit transportation and sorting costs decreased by CNY 0.09 year-over-year, demonstrating improvements in operational efficiency.

Adjusted Net Income Increase

Adjusted net income reached CNY 2.3 billion, marking a 1.6% year-over-year increase.

Revenue Growth

Total revenue increased by 9.4% to CNY 10.9 billion for Q1 2025.

ZTO Express (Cayman), Inc. Class A (HK:2057) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HK:2057 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 25, 2025	2025 (Q3)	2.63 / -	3.117	―	―	―
Aug 19, 2025	2025 (Q2)	3.13 / 2.58	3.453	-25.31% (-0.87)	―	―
May 20, 2025	2025 (Q1)	3.13 / 2.65	1.891	40.24% (+0.76)	―	―
Mar 18, 2025	2024 (Q4)	3.52 / 3.10	2.891	7.33% (+0.21)	―	―
Nov 19, 2024	2024 (Q3)	3.09 / 3.12	3.057	1.96% (+0.06)	―	―
Aug 20, 2024	2024 (Q2)	3.50 / 3.45	3.304	4.51% (+0.15)	―	―
May 15, 2024	2024 (Q1)	2.45 / 1.89	2.261	-16.36% (-0.37)	―	―
Mar 19, 2024	2023 (Q4)	2.91 / 2.89	2.969	-2.63% (-0.08)	―	―
Nov 16, 2023	2023 (Q3)	2.95 / 3.06	2.597	17.71% (+0.46)	―	―
Aug 29, 2023	2023 (Q2)	3.04 / 3.30	2.575	28.31% (+0.73)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HK:2057 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 19, 2025	HK$155.80	HK$154.70	-0.71%
May 20, 2025	HK$144.40	HK$136.20	-5.68%
Mar 18, 2025	HK$161.76	HK$168.82	+4.36%
Nov 19, 2024	HK$162.44	HK$158.42	-2.47%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does ZTO Express (Cayman), Inc. Class A (HK:2057) report earnings?

ZTO Express (Cayman), Inc. Class A (HK:2057) is schdueled to report earning on Nov 25, 2025, After Close (Confirmed).

What is ZTO Express (Cayman), Inc. Class A (HK:2057) earnings time?

ZTO Express (Cayman), Inc. Class A (HK:2057) earnings time is at Nov 25, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of ZTO Express (Cayman), Inc. Class A stock?

The P/E ratio of ZTO Express (Cayman), Inc. Class A is N/A.

What is HK:2057 EPS forecast?

HK:2057 EPS forecast for the fiscal quarter 2025 (Q3) is 2.64.

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