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6-K: Report of foreign private issuer (related to financial reporting)

SEC ·  Mar 19 12:30

Summary by Moomoo AI

ZTO Express delivered strong financial results for Q4 and FY2024, with annual parcel volume increasing 12.6% YoY to 34.0 billion parcels. Full-year revenue grew 15.3% to RMB44.3 billion, while adjusted net income rose 12.7% to RMB10.2 billion. The company maintained high service quality and customer satisfaction throughout the year.Operating metrics showed continued improvement as gross margin expanded to 31.0% from 30.4% in 2023. The company's network reached over 31,000 pickup/delivery outlets and 95 sorting hubs, supported by more than 10,000 self-owned line-haul vehicles. Retail parcel volume saw significant growth, with daily volume exceeding 7 million in Q4, up nearly 50% YoY.Looking ahead, ZTO expects 2025 parcel volume to grow 20-24% to 40.8-42.2 billion parcels. The Board declared a semi-annual dividend of $0.35 per ADS, representing a 40% payout ratio. The company also continues its share repurchase program with $778 million remaining under the $2 billion authorization through June 2025.
ZTO Express delivered strong financial results for Q4 and FY2024, with annual parcel volume increasing 12.6% YoY to 34.0 billion parcels. Full-year revenue grew 15.3% to RMB44.3 billion, while adjusted net income rose 12.7% to RMB10.2 billion. The company maintained high service quality and customer satisfaction throughout the year.Operating metrics showed continued improvement as gross margin expanded to 31.0% from 30.4% in 2023. The company's network reached over 31,000 pickup/delivery outlets and 95 sorting hubs, supported by more than 10,000 self-owned line-haul vehicles. Retail parcel volume saw significant growth, with daily volume exceeding 7 million in Q4, up nearly 50% YoY.Looking ahead, ZTO expects 2025 parcel volume to grow 20-24% to 40.8-42.2 billion parcels. The Board declared a semi-annual dividend of $0.35 per ADS, representing a 40% payout ratio. The company also continues its share repurchase program with $778 million remaining under the $2 billion authorization through June 2025.
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