ZTO - ZTO Express reports mixed Q2 earnings; reaffirms FY23 outlook

August, 30 2023 01:42 AM ZTO Express Inc. American Depositary Shares each representing one Class A.

2023-08-30 01:42:13 ET

ZTO Express press release ( NYSE: ZTO ): Q2 Non-GAAP EPADS of $0.42 beats by $0.04 .
Revenue of $1.34B (+3.9% Y/Y) misses by $70M .
Adjusted EBITDA was $535.6 million, an increase of 34.3% from RMB2,892.0 million in the same period of 2022.
Net cash provided by operating activities was $518.8 million.
Net cash provided by operating activities was RMB3,761.6 million (US$518.8 million), compared with RMB3,780.8 million in the same period of 2022.
Guidance: Annual Volume guidance reiterated to grow 20%-24%.

For further details see:

Company Name:	ZTO Express Inc. American Depositary Shares each representing one Class A.
Stock Symbol:	ZTO
Market:	NYSE
Website:	ir.zto.com