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ZTO Express showed strength at the end of trading, investing 0.6 billion to establish an airline, with a significant advantage in its leading position in the Industry.
According to news reports, Tianyancha shows that recently, Zhongtong Airlines Co., Ltd. was established, with Sun Zhenhua as the legal representative and a registered capital of 0.6 billion yuan. The business scope includes public air transportation, road freight transportation, bonded logistics center operations, sales of intelligent unmanned aerial vehicles, and more.
ZTO Express (02057) rose over 3% in the afternoon after investing 0.6 billion to establish an airline.
Jingwu Financial News | ZTO Express (02057) stock price gained momentum in the afternoon, reaching 141.6 HKD as of the report, with an increase of 3.05% and a transaction volume of 0.198 billion HKD. On June 19, ZTO Express's wholly-owned subsidiary ZTO Airlines Co., Ltd. (hereinafter "ZTO Airlines") completed its business registration in the Changsha Free Trade Airport Area, with a registered capital of 0.6 billion yuan. According to Tianyancha's data on June 21, the company is 100% owned by ZTO Express. The company will engage in public air transportation and road cargo transportation business, marking its official entry into the air logistics field, with an operation scope covering public air transport and road cargo.
ZTO Express (02057.HK) plans to invest 0.6 billion yuan to establish ZTO Airlines to expand its air Logistics business.
ZTO EXPRESS-W (02057.HK) fully owned ZTO Aviation Co., Ltd. was established today (the 24th) with a registered capital of 0.6 billion yuan. The legal representative is Sun Zhenhua. The company will engage in public air transportation and road freight transportation, marking its official entry into the aviation logistics field. Its Operation scope covers public air transportation and road freight transportation, highlighting a diversified Logistics strategy.
Express News | Zhongtong Airlines Co., Ltd. was established with a registered capital of 0.6 billion yuan.
After the United States' strike on Iran, global airlines have extended the suspension period for flights to the Middle East.
① The United States' strike on Iran's nuclear facilities has intensified geopolitical conflicts in the Middle East, prompting global commercial airlines to reconsider the suspension period for flights in the region; ② Middle Eastern routes are crucial for Eurasian travelers, and disruptions will further increase costs and time pressures; ③ The organization Safe Airspace, which monitors flight risks, warns that airspace risks may also extend to several Middle Eastern countries.
Hong Kong stock market movement | Logistics stocks are generally rising, JD.com Logistics is up 3.5%, Sinotrans Limited is up nearly 2%.
On June 20, Gelonghui reported that Hong Kong logistics stocks generally rose, with JD.com Logistics up 3.5%, Sinotrans Limited up nearly 2%, ZTO Express up 1.66%, and SITC also rising. In recent news, in the Grand Logistics Industrial Park located in Pingshan, Shenzhen, Guangdong Province, more than 40 autonomous delivery vehicles, including Meituan's delivery vehicles, SF Express's unmanned delivery vehicles, and JD.com's sixth-generation unmanned delivery vehicles, were collectively tested to ensure their usage during the "618" sales period. It is understood that there are currently nearly 300 functional unmanned vehicles on the roads in Shenzhen, and it is expected that this number will exceed 1,000 by the end of 2025, showing a strong growth momentum.
