ZTO Express Financial Overview
6 Consistent Achievements in Strategic Focus
ZTO
中通快递
ZTO EXPRESS
We have simultaneously maintained our superior service quality, grown our market share, and sustained our profitability
Superior Service Quality
(%)
Expanding Market Share
Market Share
Sustained Profitability
(RMB mm)
Income from Operations
1.5%
22%
0.2%
18%
1.3%
22.1%
25%
2.3%
7,736
19%
Leading Position
20.4%
20.6%
5,463
5,503
4,754
19.1%
of customer satisfaction (2014
-2023Q3) amongst Tongdas¹
2019
2020
2021
2022
2019
2020
% Increase in Market Share
2021
Operating Income Margin %
2022
Parcel Volume
Non-GAAP Adjusted Net Income²
(Parcel volume in mm)
40%
<1
31%
22,289
9%
24,389
(RMB mm)
per million
42%
Monthly average effective complaint
rate 1 in three consecutive years
17,003
12,121
19%
18%
16%
24%
6,806
5,292
4,590
4,947
2019
2020
2019
2020
2021
2022
YoY Growth %
2021
2022
Non-GAAP Adjusted Net Income Margin %
Sources:
1. According to State Post Bureau
2. Adjusted net income is defined as net income before (i) share-based compensation expense, (ii) gain on disposal of equity investees, (iii) impairment of equity investments and (iv) unrealized gain from investment in equity investee
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