---
title: "Brief News: Increased single ticket price, ZTO earns 6.3% more in the first quarter"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287009503.md"
description: "ZTO EXPRESS-W announced a 6.28% year-on-year increase in net profit for the first quarter to 2.118 billion yuan, with revenue growing by 22% to 13.282 billion yuan. Core express service revenue increased by 22.5%, driven by an increase in parcel volume and higher per-piece prices. The parcel volume reached 9.668 billion pieces, with a growth rate exceeding the industry average. Chairman Lai Meisong stated that the company will continue to focus on service quality and customer satisfaction. Despite a slight decline in gross margin, operating profit still grew by 5.8% to 2.545 billion yuan. The stock price fell by 6.44% on Wednesday"
datetime: "2026-05-20T05:20:58.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287009503.md)
  - [en](https://longbridge.com/en/news/287009503.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287009503.md)
---

# Brief News: Increased single ticket price, ZTO earns 6.3% more in the first quarter

Logistics company **ZTO Express (Cayman) Inc.** (2057.HK; ZTO.US) announced on Monday that, benefiting from the continuous growth in parcel volume and improvement in unit price, its net profit for the first quarter increased by 6.28% year-on-year to RMB 2.118 billion (USD 311 million), with adjusted net profit rising by 5.2% to RMB 2.377 billion.

During the period, the company's revenue grew by 22% year-on-year to RMB 13.282 billion, with core express service revenue increasing by 22.5%, mainly driven by a 13.2% increase in parcel volume and an 8.2% rise in unit price. The parcel volume in the first quarter reached 9.668 billion pieces, with a growth rate 7.4 percentage points higher than the industry average.

ZTO Chairman and CEO Lai Meisong stated that the company continued to focus on service quality, customer satisfaction, and fairness in network policies during the first quarter, with strong growth in business volume from key accounts (KA) customers, and the growth rate of general cargo business also continuing to outpace traditional e-commerce parcels, helping to optimize revenue structure and enhance overall profit levels.

During the period, the unit transportation and transfer costs in the first quarter decreased by 6 cents year-on-year, mainly benefiting from economies of scale and improved route planning efficiency, but the gross profit margin slightly declined from 24.7% in the same period last year to 24.4%. Operating profit increased by 5.8% to RMB 2.545 billion.

ZTO's Hong Kong stock opened higher but fell during the day, reporting HKD 164.4 at noon break, down 6.44%. The stock has risen about 12% over the past six months.

_Li Shida_

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