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Express News | The Ministry of Human Resources and Social Security and six other departments provided administrative guidance on employment practices to leading platform enterprises and express delivery companies.
ZTO Express Executes HK$3.27 Billion Share Buyback Tied to Convertible Notes
Macquarie raises ZTO Express' US stock target price from $18.4, citing continued improvement in unit economics.
Gelonghui February 9 | Macquarie issued a research report stating that ZTO Express delivered a strong performance in the fourth quarter of last year, leading growth among its peers. According to its preliminary results, its business volume increased by 9% year-on-year, revenue grew between 8% and 19% year-on-year, and gross margin was within the range of 23% to 28%. The firm believes that under the policy environment of 'anti-internal competition' in the logistics industry, combined with ZTO's high-quality and cost-effective value proposition, the group is well-positioned to capture shifts in customer price preferences. Looking ahead to 2026, the firm forecasts that ZTO’s total package volume will grow by 8% annually, while the expected industry growth rate is 7%; driven by industry pricing recovery and its key customer base.
Macquarie Upgrades ZTO Express(ZTO.US) to Buy Rating, Cuts Target Price to $26.6
ZTO Express (ZTO) Is Up 9.8% After $1.5 Billion Convertible Notes And Buyback Plan Announcement
ZTO Express (02057) has been listed on the Hurun 500 for seven consecutive years, and ZTO Freight has made its debut on the Hurun Brand List.
On February 5, the Hurun Research Institute released the '2025 Hurun China 500 Strong' list. The list shows that ZTO Express (ZTO) is valued at 107 billion yuan, ranking 137th. This marks the seventh consecutive year that ZTO has been included in the 'Hurun China 500 Strong' since its first appearance on the list in 2019.