Hong Kong Stock Movement | ZTO Express-W (02057) rises nearly 6% in morning trading; full-year adjusted net profit of 9.5 billion yuan; new authorization of 1.5 billion USD share repurchase plan

LootboxPhobia · 2026-03-18T04:21:54+00:00

ZTO Express-W's stock price rose nearly 6% in early trading. Performance data indicates that by 2025, the company's projected business volume will reach 385.2 billion parcels, with a net profit of 9.5 billion yuan. The company plans to repurchase $1.5 billion worth of shares over the next 24 months. The chairman stated that the express delivery industry will shift toward a development model that emphasizes both volume and quality, reducing low-price competition.

LootboxPhobia

2026-03-18 04:21:54

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Zhitong Finance APP learned that Zhongtong Express-W (02057) rose nearly 6% in the early trading session. As of the time of writing, it increased by 3.39% to HKD 189, with a trading volume of HKD 154 million.

On the news front, Zhongtong Express announced its earnings, with a target of completing 38.52 billion parcels in 2025, an increase of 4.5 billion parcels, up 13.3% year-on-year. The full-year adjusted net profit is expected to be HKD 9.5 billion. Zhongtong Express forecasts that the total parcel volume in 2026 will be between 42.37 billion and 43.52 billion, representing a year-on-year growth of 10% to 13%. Additionally, the board has approved a share repurchase program totaling USD 1.5 billion over the next 24 months.

Lai Meisong, Chairman and CEO of Zhongtong Express Group, stated, “In the fourth quarter, the anti-inflation policies continued to take effect, and the extreme low-price phenomenon in the express delivery industry has been curbed.” He added that the industry as a whole is shifting towards a development model that emphasizes both volume and quality. Relying solely on low prices to drive scale growth is neither sustainable nor economical. This fundamental shift will help accelerate the industry’s move away from fierce price competition toward a new stage where capabilities win customers, further promoting industry consolidation.

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