ZTO Express Financial Overview
Our Business: Past and Present
Past: Following the Lead
• First line-haul to
truck across
provinces in 2005
• PRC Postal Law (Revised in
(2009) 新邮政法 legalized
express delivery companies
to operate alongside Postal
Services
Shanghai Zhongtongji
Express commenced
operations
Acquired an additional 16 network
partners to form a centrally managed
nationwide network
1st generation automated sorting
equipment jointly developed with Chinese
Academy of Sciences
Present: Pursuing and Surpassing
調
Certified as a National High and New
Technology Enterprise高新技术企业
Achieved 90% digital waybill adoption
• Founded in
May 2002,
being the
youngest of
I
Tongdas
ה
I
First to effectively
implement "paid
delivery" and
prepayment-settlement
practice with proprietary
system
Early adoption of E-Waybill
Acquired 8 regional
network partners'
businesses
I
.
.
Z中通快递
ZTO EXPRESS
Included in the MSCI
Global Standard Index
.
Certified as a National Key
Software Enterprise
Completed
secondary
listing on HKEX
980
990
Completed US $1
billion convertible
senior notes
offering
Became No.1 in China by parcel
volume
NYSE listed in 2016, first among
Tongdas to become publicly
listed abroad
$
Alibaba led US$1.38bn
strategic equity investment
• Early mover on last-mile
post
Invested in Cainiao Post
50%
2011-2022
CAGR
2002
2005
2008
2009
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Total Parcel
0.3bn
0.5bn
1.1bn
1.8bn
3.0bn
4.5bn
6.2bn
8.5bn
(12.1bn
(17.0bn) (22.3bn (24.4bn
Volume
Incremental
Parcel Volume¹
0.2bn
0.6bn
0.7bn
1.1bn
1.6bn
1.7bn
2.3bn
3.6bn
4.9bn
5.3bn
2.1bn
Market Share
7.6%
9.3%
11.6%
13.0%
14.3%
14.4%
15.5%
16.8%
19.1%
20.4%
20.6% 22.1%
Note:
1. Numbers may not add up due to rounding
10
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