ZTO Express announced its unaudited financial results for the fourth quarter and full fiscal year ended December 31, 2024. For the full year 2024, adjusted net income increased by 12.7% to RMB10.2 billion. The company's parcel volume for 2024 reached 34 billion, representing a 12.6% year-over-year growth.
In the fourth quarter of 2024, total revenues were RMB13,000.0 million, an increase of 12.9% from RMB11,510.0 million in the same period of 2023. Adjusted net income for Q4 2024 was RMB2,600.0 million, also up 12.7% year-over-year.
The company's full year 2023 parcel volume grew 23.8% to RMB 32.2 billion, with adjusted net income increasing 32.2% to RMB 9 billion. The core express delivery unit price declined by $0.16 for 2023, which was absorbed by significant cost productivity gains, leading to a 4.3 percentage point increase in the adjusted operating margin rate to 26.7% for the year.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.