ZTO Express exceeds Q1 expectations
ZTO Express has released its financial report for the first quarter of 2021. According to the report, ZTO Express's Q1 revenue was 6.47 billion yuan (+65% year-on-year), exceeding the market expectation of 6.12 billion yuan. The adjusted net profit was 782 million yuan (+23.14% YoY). ZTO Express was founded on May 8, 2002, and is one of the leading express service providers in China in terms of parcel volume.
This briefing is contributed by and first appeared on CIMK.
Source: CIMK
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