SHANGHAI, July 29, 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 mid-year management
meeting in the city of Guilin in Guangxi
Province, China.
The management team reviewed operations and analyzed key
performance results. During the second quarter of 2019, ZTO
delivered 3.107 billion parcels and a growth rate of 46.8% which
was 18.5 percentage points higher than the industry average. Market
share expanded 2.5 percentage points to reach 19.9%.
Mr. Meisong Lai, Founder,
Chairman and Chief Executive Officer of ZTO, commented "Our strong
performance is the result of joint effort by everyone including our
network partners. We have met all key expectations, and it further
validated the effectiveness of our network policies which are
well-aligned with ZTO's overall strategy."
About ZTO Express (Cayman) Inc.
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/
Safe Harbor Statement
This news release contains "forward-looking" statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements include but are not
limited to the Company's unaudited results for the second quarter
of 2019, ZTO management quotes and the Company's financial
outlook.
These forward-looking statements are not historical facts but
instead represent only the Company's belief regarding expected
results and events, many of which, by their nature, are inherently
uncertain and outside of its control. The Company's actual results
and other circumstances may differ, possibly materially, from the
anticipated results and events indicated in these forward-looking
statements. The financial results to which this news release is
related are preliminary, unaudited and subject to audit adjustment.
In addition, the Company may not meet its financial outlook
included in this news release and may be unable to grow its
business in the manner planned. The Company may also modify its
strategy for growth. In addition, there are other risks and
uncertainties that could cause the Company's actual results to
differ from what it currently anticipates, including those relating
to the development of the e-commerce industry in China, its significant reliance on the Alibaba
ecosystem, risks associated with its network partners and their
employees and personnel, intense competition which could adversely
affect the Company's results of operations and market share, any
service disruption of the Company's sorting hubs or the outlets
operated by its network partners or its technology system. For
additional information on these and other important factors that
could adversely affect the Company's business, financial condition,
results of operations, and prospects, please see its filings with
the U.S. Securities and Exchange Commission.
All information provided in this press release and in the
attachments is as of the date of the press release. The Company
undertakes no obligation to update any forward-looking statement,
whether as a result of new information, future events or otherwise,
after the date of this release, except as required by law. Such
information speaks only as of the date of this release.
ZTO
Ms. Sophie Li
Investor Relations Department
E-mail: ir@zto.com
Phone: +86 21 6978 7037
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SOURCE ZTO Express (Cayman) Inc.