--- title: "BRIEF: ZTO’s first-quarter profit rises 6.3% on higher pricing and volume" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/287015495.md" description: "物流公司 ZTO 快遞（開曼）有限公司；週一宣佈，第一季度淨利潤同比增長 6.28%，達到 21.2 億元人民幣（3.11 億美元），得益於包裹量增長和每件包裹定價改善。調整後淨利潤增長 5.2%，達到 23.8 億元人民幣。該季度收入同比增長 22%，達到 132.8 億元人民幣，核心快遞服務收入增長 22.5%。" datetime: "2026-05-20T06:20:48.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287015495.md) - [en](https://longbridge.com/en/news/287015495.md) - [zh-HK](https://longbridge.com/zh-HK/news/287015495.md) --- # BRIEF: ZTO’s first-quarter profit rises 6.3% on higher pricing and volume Logistics company **ZTO Express (Cayman) Inc.** (2057.HK; ZTO.US) **announced** on Monday that its first-quarter net profit rose 6.28% year-on-year to 2.12 billion yuan ($311 million), supported by continued parcel volume growth and improved per-parcel pricing. Its adjusted net profit increased 5.2% to 2.38 billion yuan. The company’s revenue grew 22% year-on-year during the quarter to 13.28 billion yuan, with core express delivery service revenue rising 22.5%, mainly driven by a 13.2% increase in parcel volume and an 8.2% increase in average parcel pricing. Total parcel volume reached 9.67 billion units, outpacing the average industry growth rate by 7.4 percentage points, the company said. ZTO founder and Chairman Lai Meisong said the company continued to focus on service quality, customer satisfaction and fairness in network policies during the quarter. He added that strong growth in key account customers and faster expansion in non-e-commerce parcel business helped improve the company’s revenue mix and overall profitability. During the period, the company’s transportation and sorting cost per parcel declined by 0.06 yuan year-on-year, benefiting from economies of scale and improved route planning efficiency. However, its gross margin edged down to 24.4% from 24.7% a year earlier, while operating profit rose 5.8% to 2.55 billion yuan. ZTO’s stock opened higher on Wednesday in Hong Kong but later turned lower, closing at HK$168.4 by the midday break, down 6.44%. The stock has gained about 12% over the past six months. _By Lee Shih Ta_ _To subscribe to Bamboo Works weekly free newsletter, click_ _here_ ### 相關股票 - [ZTO.US](https://longbridge.com/zh-HK/quote/ZTO.US.md) - [SEA.US](https://longbridge.com/zh-HK/quote/SEA.US.md) - [SHPP.US](https://longbridge.com/zh-HK/quote/SHPP.US.md) - [XTN.US](https://longbridge.com/zh-HK/quote/XTN.US.md) - [SUPL.US](https://longbridge.com/zh-HK/quote/SUPL.US.md) - [BDRY.US](https://longbridge.com/zh-HK/quote/BDRY.US.md) - [IYT.US](https://longbridge.com/zh-HK/quote/IYT.US.md) - [FTXR.US](https://longbridge.com/zh-HK/quote/FTXR.US.md) - [BOAT.US](https://longbridge.com/zh-HK/quote/BOAT.US.md) - [02057.HK](https://longbridge.com/zh-HK/quote/02057.HK.md) ## 相關資訊與研究 - [中通快遞上季多賺約 6%](https://longbridge.com/zh-HK/news/286986433.md) - [中通快遞首季純利增 6%EBITDA 升 7%，未來 24 個月回購最多 15 億美元](https://longbridge.com/zh-HK/news/286981130.md) - [《再戰明天》美聯儲理事發表講話，歐元區公佈 CPI](https://longbridge.com/zh-HK/news/286903570.md) - [《航運指數》波羅的海乾貨指數跌 1.23%](https://longbridge.com/zh-HK/news/286980203.md) - [鉅亨速報 - Factset 最新調查：瑞安航空 (RYAAY-US) EPS 預估下修至 4.4 元，預估目標價為 72.59 元](https://longbridge.com/zh-HK/news/286961729.md)