SHANGHAI, Sept. 20, 2017 /PRNewswire/ -- ZTO Express
(Cayman) Inc. (NYSE: ZTO) ("ZTO" or the "Company"), a leading
express delivery company in China"), today announced that it has begun
trial operations at its newest sorting hub in Chengdu, Sichuan. The sorting hub is ZTO's largest in
Western China in terms of parcel
volume.
Located in Longquanyi District in Chengdu, the sorting hub covers approximately
15 hectares and will incorporate in-house developed cross-belt
sorting systems which will allow it efficiently sort more than 5
million parcels per day. ZTO invested approximately RMB400 million in its construction and expects
full operations to begin in early October
2017. The launch of the Sichuan sorting hub is part of the Company's
preparations for the enormous surge in orders that will take place
during the 11.11 shopping festival in November 2017.
Mr. Meisong Lai, Chairman and
Chief Executive Officer of ZTO, commented "The launch of trial
operations at our largest sorting hub in Western China is critical to meeting the surge
in parcels that we expect to see during the most important day in
China's e-commerce market. Our
in-house developed cross-belt sorting systems significantly improve
sorting efficiency allowing us to further reduce unit logistics
costs, improve customer service and strengthen brand loyalty. We
will continue to invest in expanding our network and developing
tools to improve efficiency as we work to create greater
shareholder value."
About ZTO Express (Cayman) Inc.
ZTO Express (Cayman) Inc. (NYSE: ZTO) ("ZTO" or the "Company")
is a leading express delivery company in China and one of the largest express delivery
companies globally, in terms of total parcel volume in 2015,
according to the iResearch Report. ZTO provides express delivery
service as well as other value-added logistics services through its
extensive and reliable nationwide network coverage in China.
ZTO operates a highly scalable network partner model, which the
Company believes is best suited to support the significant growth
of e-commerce in China. The
Company leverages its network partners to provide pickup and
last-mile delivery services, while controlling the mission-critical
line-haul transportation and sorting network within the express
delivery service value chain.
For more information, please visit
http://zto.investorroom.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confidence" and similar statements. ZTO
may also make written or oral forward-looking statements in its
reports filed or furnished to the U.S. Securities and Exchange
Commission, in its annual reports to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including statements about ZTO's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement. Further information regarding these and other risks is
included in our annual report on Form 20-F and other documents
filed with the Securities and Exchange Commission. All information
provided in this press release is as of the date of this press
release, and ZTO undertakes no duty to update such information,
except as required under applicable law.
For investor and media inquiries, please contact:
ZTO
Ms. Sophie Li
Investor Relations Department
E-mail: ir@zto.com
Christensen
In China
Mr. Christian Arnell
Phone: +86-10- 5900-1548
E-mail: carnell@christensenir.com
In US
Mr. Tip Fleming
Phone: +1-917-412-3333
Email: tfleming@Christensenir.com
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SOURCE ZTO Express (Cayman) Inc.