ZTO Reports First Quarter 2024 Unaudited Financial Results

SHANGHAI, May 16, 2024 PRNewswire -- ZTO Express Inc. , a leading and fast-growing express delivery company in China , today announced its unaudited financial results for the first quarter ended March 31, 2024. The Company grew parcel volume by 13.9% year over year while maintaining high quality of service and customer satisfaction. Adjusted net income increased 15.8% to reach RMB2.2 billion. Net cash generated from operating activities was RMB2.0 billion.

financial measure, which is defined as net income before depreciation, amortization, interest expenses and income tax expenses, and further adjusted to exclude the shared-based compensation expense and non-recurring items such as the gain on disposal of equity investments and subsidiaries which management aims to better represent the underlying business operations. One ADS represents one Class A ordinary share.

is a non- , adjusted net income, adjusted net income attributable to ordinary shareholders, and adjusted basic and diluted earnings per American depositary share attributable to ordinary shareholders, each a non- financial measures.The Company believes that , adjusted net income, adjusted net income attributable to ordinary shareholders and adjusted basic and diluted earnings per American depositary share attributable to ordinary shareholders provide useful information about its operating results, enhance the overall understanding of its past performance and future prospects and allow for greater visibility with respect to key metrics used by ZTO's management in its financial and operational decision-making.

measures.

Reports First Quarter 2024 Unaudited Financial Results

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