Dongxing brokerage maintains a 'strong recommendation' rating for zto express (02057), stating that the single ticket profit performance is excellent and has a very strong safety margin.
Jinwu Newsletter | Dongxing Securities issued a research report stating that ZTO Express (02057) had a net income of 4.04 billion yuan in the first half of the year, a 4.1% year-on-year decrease. The adjusted net income was 5.03 billion yuan, a 13.0% year-on-year increase. The significant difference between the two is mainly due to the company's provision for the impairment of equity investments, which amounted to 0.673 billion yuan, including a 0.48 billion yuan impairment of Cainiao Intelligent Logistics' equity and a 0.193 billion yuan impairment of investment in Cainiao Post Stations. The bank said that the company's market share declined year-on-year in the second quarter, mainly because the company prioritized service quality and avoided lossmaking businesses. This is consistent with the performance in the first quarter. The bank expects in the second half of the year.
ZTO Express (ZTO) Shares Up 6.1% Since Q2 Earnings Release
ZTO Express (Cayman) Second Quarter 2024 Earnings: In Line With Expectations
ZTO Express: Strong Buy Rating Backed by Profitable Growth and Solid Financials
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ZTO Express (Cayman) Inc. (ZTO) Q2 2024 Earnings Call Transcript Summary
ZTO Express (Cayman) Q2 EPS $0.47 Beats $0.45 Estimate, Sales $1.48B Miss $1.48B Estimate
ZTO Express Beats Bottom-line Estimates; Reaffirms FY24 Outlook
ZTO Express' Q2 Profit Rises on Higher Revenue
ZTO Express-W (02057) announced its Q2 2024 performance: adjusted net income of 2.8 billion yuan, a 10.9% increase; cash flow generated from operating activities of 3.5 billion yuan.
On August 21st, ZTO Express-W (02057) released its unaudited financial results for the second quarter of 2024.
ZTO Express Reports Mixed Mid-Year Financials
ZTO Express Declares Mid-Year Dividend
ZTO Express-W (02057.HK): Net income increased by 10.9% after adjustment in the second quarter, reaching RMB 2.8 billion.
ZTO Express -W (02057.HK) announced on August 21 that its revenue in the second quarter of 2024 was RMB 10.726 billion ($1.476 billion), a year-on-year increase of 10.1%; gross profit was RMB 3.621 billion ($0.498 billion), a year-on-year increase of 9.6%; net income was RMB 2.614 billion ($0.36 billion), a year-on-year increase of 3.3%; adjusted EBIT before interest, taxes, depreciation and amortization was RMB 4.34 billion ($0.597 billion), a year-on-year increase of 11.7%; adjusted net income was RMB 2.806 billion.
ZTO EXPRESS-W: INTERIM RESULTS ANNOUNCEMENTFOR THE SIX MONTHS ENDED JUNE 30, 2024
ZTO EXPRESS-W: INSIDE INFORMATION - ANNOUNCEMENT OF THE 2024 SECOND QUARTERUNAUDITED FINANCIAL RESULTS
Express News | ZTO Express (Cayman): Qtrly Adj Earnings per Ads $0.47