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