SHANGHAI, Jan. 13, 2020 /PRNewswire/ -- ZTO Express
(Cayman) Inc. (NYSE: ZTO) ("ZTO" or the "Company"), a leading and
fast-growing express delivery company in China, today held its 2019 year-end network
partner convention at Company headquarters in Shanghai.
At the convention, the management team reviewed operational
performance for the year.
In 2019, ZTO delivered 12.1 billion parcels, growth of
42.2%. The Company achieved its volume target while
maintaining its leadership position in service quality and overall
customer satisfaction. ZTO's results reflect its sound
strategy and effective execution, which is the result of joint
effort by everyone under the ZTO brand, including network
At the convention, ZTO Founder, Chairman and Chief Executive
Officer Mr. Meisong Lai commented,
"Reflecting on 2019, we accelerated volume growth to 15 percentage
points faster than the industry average. We introduced and
implemented network-wide volume-incentive metric and regulatory
mechanism of pick-up and delivery fee schedule between the major
pick-up regions and the corresponding delivery regions. We
achieved a milestone in establishing and operating low-cost and
value-added last-mile posts, improving network partners' cost
competitiveness and enhancing the last-mile delivery capacity. We
further enhanced our operating productivity by continuously
expanding our infrastructure across our network as well as
thoroughly implementing technology innovations. In addition, each
arm of the ecosystem is growing steadily, including cross-border
shipments, LTL business, ZTO commerce, ZTO warehousing, aviation,
financing, marketing and advertising."
Lai continued, "Looking forward, we believe that the domestic
consumption needs and China's
express delivery market are expected to maintain steady growth in
the near term. Our goals for 2020 are to further expand market
share and again achieve parcel volume growth 15 percentage points
higher than the industry average. We'll solidify our
leadership position while maintaining the service quality and a
healthy profit growth.
"To achieve our goal, we will focus on empowering our network
partners to build more comprehensive capabilities, including strong
last mile capacities. We will further leverage our advantages in
scale, infrastructure productivity, financial resources, stability
and sustainability of the network in order to seize market
opportunities and widen competitive barriers. In addition,
we'll further develop our ecosystem so as to actively explore new
ways to enhance our value proposition in comprehensive logistic and
supply chain management services. We are confident that we can
achieve long-term success by knowing and leveraging our existing
strengths, treasuring our partners, making transformations and
pursuing continuous improvement in our key advantages."
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
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
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 More Information:
Ms. Sophie Li
Capital Markets Department
Phone: +86 (21) 6978-7037
SOURCE ZTO Express (Cayman) Inc.