ZTO Express hits 15-month high on solid annual revenue growth view

ZTO Express (Cayman)

05/02/2026 07:32

** Shares of ZTO Express (Cayman) Inc 2057.HK climb 2.8% to HK$184.2, their highest level since November 2024, and on track for a third straight session of gain

** Express delivery services provider expects its 2025 total revenue to jump 9.5%-12.9% y/y to 48.5 bln-50 bln yuan ($6.99 bln-$7.21 bln) with parcel volumes up 13.3% to 38.52 bln

** Co expects 2025 gross profit to rise 8.5%-11.4% y/y

** Jefferies maintains "buy" on ZTO, saying the midpoint of implied 4Q revenue guidance above expectations

** YTD, stock up 12.8%, benchmark Hang Seng Index .HSI up 4.7%

($1 = 6.9393 Chinese yuan)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))