SHANGHAI, Jan. 22, 2019
/PRNewswire/ -- ZTO Express (Cayman) Inc. (NYSE: ZTO) ("ZTO" or the
"Company"), a leading and fast-growing express delivery company in
China, today held its Year-End
Network Partner Summit (the "Summit") in Tonglu, Zhengjiang Province, China.
Mr. Meisong Lai, Founder,
Chairman and Chief Executive Officer of ZTO, addressed the Summit
attendees where he recapped the year 2018 by commenting, "We met
every target we set for ourselves this year by generating strong
parcel volume growth and building out the size and scale of our
business. Parcel volume for the year increased 37% to 8.52 billion,
over 10 percentage points higher than the industry
average. Our market share in terms of parcel volume exceeded
16.8%, strengthening our leading market position."
"Looking back at 2018, our service quality steadily improved
throughout the year. Delivery satisfaction, complaints handling,
customer satisfaction, and the Cainiao Index all ranked among the
top in the industry. We further enhanced our operational capacity
by continuously strengthening the technology across our network and
expanding our infrastructure. Each aspect of the ecosystem is
maturing, including express delivery, cross-border shipments, LTL
business, ZTO commercial, cloud warehousing, aviation, ZTO finance,
technologies and media. Alibaba and Cainiao's investment in ZTO
have created new opportunities for both parties to supercharge
joint innovation and development to accelerate the digitalization
of the logistics industry."
"We firmly believe that China's
express delivery industry will continue to grow rapidly, even as
China's macroeconomic outlook
slows. With the market maturing, the pace of industry consolidation
will accelerate. We expect delivery prices to eventually stabilize
and begin rising again in the near-future as express delivery
companies that are able to offer cost-effective, efficient and
high-quality delivery services gain more bargaining power."
"Looking forward to 2019, our goal is to achieve a parcel volume
growth rate of 15 percentage points higher than the industry
average, steadily expand our market share, and further improve the
quality of our services and customer satisfaction. We will continue
to build out our ecosystem by facilitating greater technological
innovation, and further empower our network partners. We will also
work to improve the quality and efficiency of the entire network
and in particular our network of last-mile delivery outlets,
motivate delivery personnel, strengthen our transit and sorting
capabilities, and enhance brand awareness and service quality."
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.
About ZTO
ZTO Express (Cayman) Inc. (NYSE: ZTO) ("ZTO" or the "Company")
is a leading and fast-growing express delivery company in
China. 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.
Contacts:
ZTO
Ms. Sophie Li
Investor Relations Director
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.