ZTO Express (Cayman), Inc. Class A (HK:2057)
:2057
Earnings Data
Report Date
May 27, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
3.48Last Year’s EPS
2.65Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced notable operational and strategic positives — robust parcel volume growth, significant retail mix expansion, meaningful cash-flow strength, productivity gains from AI and tech, and an enhanced shareholder-return program — against margin and profit compression driven by rising costs (especially KA costs) and industry-wide transition risks. Management provided constructive 2026 guidance (10%–13% parcel growth) and concrete network-support measures (RMB 200 million incentive fund) while emphasizing quality-focused execution.Company Guidance
Strong Volume Growth and Market Share Expansion
Q4 parcel volume reached 10.56 billion, up 9.2% YoY; full-year parcel volume was 38.5 billion, up 13.3% YoY. Market share expanded by 0.8 percentage points as ZTO maintained industry-leading service quality while the industry hit ~200 billion parcels (+13.6% industry growth in 2025).
Revenue Growth
Total revenue increased 12.3% YoY to RMB 14.5 billion in Q4 and increased 10.9% YoY to RMB 49.1 billion for the full year 2025.
Solid Adjusted Net Income and Profitability Leadership
Adjusted net income was RMB 2.69 billion in Q4 and RMB 9.5 billion for the full year, reflecting continued industry-leading scale and profitability despite a challenging transition period.
Retail Parcel Mix and Product Optimization
Retail parcel volume surged 46% YoY in 2025 with daily retail volume approaching ~10 million in Q4. The higher-retail mix supported Q4 ASP improvement and helped mitigate volume-based subsidy impacts.
Operating and Unit Cost Productivity Gains
Combined unit cost for sorting and transportation decreased 4.5% (RMB 0.04) in Q4 and 8.8% (RMB 0.06) for the year. Line haul unit cost fell 7.5% to RMB 0.37 in Q4 and 12.2% to RMB 0.36 for the year; sorting costs remained steady or improved, reflecting productivity and route/load optimizations.
Strong Operating Cash Flow and Enhanced Shareholder Returns
Operating cash flow surged 50.6% YoY to RMB 4.2 billion in Q4 and reached RMB 12.0 billion for the year (excl. a prior one-time franchise deposit refund). Board approved a semi-annual cash dividend of USD 0.39 per ADS and a new $1.5 billion buyback program; company targets aggregate annual returns of no less than 50% of adjusted net income starting 2026.
Ambitious 2026 Guidance — Targeting Outperformance
Management guided 2026 parcel volume growth of 10%–13% (implying ~42.37–43.52 billion parcels), explicitly targeting growth faster than the industry consensus (~8% from Postal Bureau).
Technology and AI-Driven Efficiency Improvements
Advanced AI adoption: 3D digital twins and computer vision deployed in 25 super sorting centers (reducing missorting rates by ~60%), AI customer service handling >70% of work orders, assistant tools covering >80% of routine outlet inquiries, and AI-driven last-mile/route planning cutting short-haul transport cost by >20% in pilot scenarios.
ZTO Express (Cayman), Inc. Class A (HK:2057) Earnings, Revenues Date & History
HK:2057 Earnings History
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 |
|---|---|---|---|
Mar 17, 2026 | HK$179.91 | HK$193.30 | +7.44% |
Nov 19, 2025 | HK$145.17 | HK$146.94 | +1.22% |
Aug 19, 2025 | HK$150.93 | HK$149.86 | -0.71% |
May 20, 2025 | HK$139.88 | HK$131.94 | -5.68% |
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 May 27, 2026, 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 May 27, 2026, 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 2026 (Q1) is 3.48.