ZTO Express announced its unaudited financial results for the first quarter ended March 31, 2025. The company reported a parcel volume of 8.5 billion, representing a 19.1% increase year-over-year. Adjusted net income grew by 1.6% to RMB2.3 billion.
Total revenues for the quarter increased by 9.4% year-over-year to RMB10,891.5 million. The core express average selling price (ASP) decreased by 11 cents, primarily due to higher volume incentives and lower average parcel weight, partially offset by a 12 cents increase in Key Account (KA) unit price.
ZTO reiterated its full-year 2025 parcel volume guidance of 40.8 billion to 42.2 billion, reflecting a 20% to 24% year-over-year growth. Additionally, the company extended its current share repurchase program to June 30, 2026, with US$771.7 million remaining under the US$2.0 billion authorization.
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