Zhongtong Express(zhong tong kuai di )

Zhongtong Express

Zhongtong Express Co., Ltd., established in Shanghai on May 8, 2002, is a large group company integrating express delivery, logistics and other businesses, with registered trademarks of "Zhongtong" 、 "ZTO".

Zhongtong Express has become a fast-growing express enterprise with large business scale in China. In 2019, Zhongtong express continued to maintain a steady development trend, with the annual business volume of 12.12 billion pieces, a year-on-year increase of 42.2%, 16.9 percentage points higher than the average growth rate of the industry. The market share expanded by 2.3 percentage points to 19.1% compared with that in 2018. The profit level maintained a sustained and steady growth, and the adjusted net profit of the whole year increased by 26.0% over the same period of last year, exceeding the market expectation. In terms of service quality, Zhongtong also keeps ahead in terms of complaint rate and public satisfaction. As of March 31, 2020, Zhongtong has about 30000 service outlets, 90 distribution centers, about 4850 network partners, more than 7700 long-distance vehicles and more than 2900 trunk transportation lines.

On October 27, 2016, Zhongtong express successfully landed on the New York Stock Exchange of the United States, creating the largest IPO in the U.S. stock market that year and the largest IPO of Chinese enterprises in the U.S. since Alibaba went public in 2014. The listing of China express in the United States has opened a "window" for the world to understand the development of China Express.

On the evening of September 21, 2018, Zhongtong express announced that, based on the development status and trend of express industry, in order to further maintain service quality and improve customer satisfaction, the express fee adjustment mechanism will be launched from October 1 this year to adjust the express fee from the whole country to Shanghai. The specific fee adjustment range will be determined by the local service outlets according to the guidance and suggestions of the headquarters and in combination with their own actual situation Implementation.

In July 2020, Zhongtong express purchased the Riri shunlejia intelligent express cabinet of Haier Group.

Company development

On May 8, 2002, Zhongtong express was established. On that day, the whole network business volume was only 57 tickets.

In 2003, the company set up its official website.

In 2005, it took the lead in opening inter provincial express buses from the Yangtze River Delta to Guangdong and Beijing in the private express industry. Passed ISO9001:2000 international quality management system certification.

In 2008, the company's trunk line vehicles are all equipped with GPS satellite positioning system, the financial settlement of network expenses from manual to system settlement, began to undertake Taobao business.

In 2009, the average daily business volume of Zhongtong express increased to 500000 tickets, and the total annual revenue reached 3 billion yuan. In the same year, the headquarters base was built in Qingpu District of Shanghai.

In 2010, the strategy of "whole network integration" was launched, and the joint-stock system reform was carried out internally.

In 2011, with an average daily business volume of 1 million tickets, we invested in the construction of distribution centers with independent property rights in Dongguan, Taizhou and Wuxi.

In 2012, the company's 10-year-old average daily business volume exceeded 2 million tickets.

On November 19, 2014, during his inspection tour in Zhejiang Province, Premier Li Keqiang went to Zhongtong Express's Liucun branch in Qingyan, Yiwu, Zhejiang Province for investigation.

On September 24, 2015, Premier Li Keqiang inspected Zhongtong Henan Zhengzhou bonded sorting center and received Lai Meisong, chairman of Zhongtong.

On October 27, 2016, it was successfully listed on the New York Stock Exchange.

On October 10, 2017, Zhongtong express issued a price increase announcement.

On May 30, 2018, rookie network and Zhongtong express announced that they had reached a strategic investment agreement. Alibaba and rookie invested $1.38 billion in Zhongtong express, holding about 10% of the shares. The two sides will jointly explore new logistics opportunities and promote the digital upgrading of the industry.

In July 2020, Zhongtong express purchased the Riri shunlejia intelligent express cabinet of Haier Group.

Nature of Business

Domestic express, international express (except the above postal enterprise franchise business), engaged in maritime, air, land international freight transport agency, warehousing services, handling services, domestic freight transport agency, corporate image planning, marketing planning, public relations activities planning, enterprise management consulting, business information consulting, supply chain management, machinery and equipment leasing, sales of machinery Equipment, mechanical and electrical products, electronic products, communication equipment, clothing, shoes and hats, office equipment and supplies, design, production, agency, release all kinds of advertising. [items that need to be approved according to law can be operated only after being approved by relevant departments]

corporate culture

Zhongtong's mission: to create more people's happiness with our products (it contains three meanings: first, to help more people start their own businesses and find jobs, and realize a better new life; second, to help customers grow, cut costs, improve efficiency, and create value for customers; third, to solve problems for society, reduce logistics costs, and realize the whole link management of "from factory to user, from field to dining table" (LI)

Zhongtong's vision: to be a century old enterprise with dignity and respect

Core values: co construction and sharing, trust and responsibility, innovation and Entrepreneurship

Cultural concept: responsibility, transparency, justice and sharing

Business philosophy: fairness, efficiency and results

Zhongtong's goal: to become a world-class integrated logistics service provider

The direct embodiment of Zhongtong's corporate culture: confidence, trust and responsibility

Our expectation: all Zhongtong people can have healthy body, happy work and happy life

Company financial report

From 2011 to 2015, the CAGR of express package volume of Zhongtong reached 80.3%, while the CAGR of express package volume of China was 54%.

In 2016, the express business volume of Zhongtong was 4.498 billion pieces, with a ratio of 2.

In the first quarter of 2017, the total number of Zhongtong packages was 1.175 billion, an increase of 41.9%; in the second quarter, the total number of packages received was 1.493 billion, an increase of 37.6%, higher than the average growth rate of peers of 30.7%; in the third quarter, the number of packages delivered was 1.535 billion, an increase of 39.4% compared with 1.102 billion in the same period of 2016; in the fourth quarter, the number of packages delivered was 2.015 billion, an increase of 35.8% compared with 1.483 billion in the same period of last year.

With the rapid growth of the volume and market share, Zhongtong Express has demonstrated its profitability by virtue of its operational efficiency. Its operating revenue increased from RMB 3.9 billion in 2014 to RMB 6.1 billion in 2015, an increase of 55.9%.

In 2016, the annual revenue of Zhongtong express was RMB 9.789 billion, with a year-on-year increase of 60.8%; the gross profit was RMB 3.443 billion, with a year-on-year increase of 64.9%; the adjusted net profit was RMB 2.165 billion, with a year-on-year increase of 76.8%; the operating profit margin increased from 15.4% in 2014 to 25.1% in 2015, with an operating profit margin of 24.9% in the first half of 2016 It is one of the highest in the world's large listed express companies.

On March 9, 2018, Zhongtong express released its financial report for the fourth quarter and the whole year of 2017 as of December 31. According to the financial report, in the fourth quarter of 2017, the revenue of Zhongtong express was 4.331 billion yuan (RMB, the same below, about $665.7 million), an increase of 35.7% compared with 3.190.5 billion yuan in the same period of last year; the net profit was 1.229 billion yuan (about $187.8 million), and the net profit was 739.8 million yuan in the same period of last year, an increase of 65.2% compared with the same period of last year. In fiscal year 2017, the revenue of Zhongtong express was RMB 13.06 billion, with a year-on-year growth of 33.4%; the net profit was RMB 3.158.9 billion, with a year-on-year growth of 54%.

On March 13, 2019, Zhongtong express released the fourth quarter and annual performance of 2018. According to the financial report summary, the business volume of Zhongtong express continued to lead the express industry, and the adjusted net profit reached the upper limit of the company's guidelines. In the fourth quarter, the business volume was 2.714 billion pieces, an increase of 34.7% over 2.015 billion pieces in the same period of last year, higher than the average growth rate of 26.1% in the industry. The adjusted net profit was 1.290 billion yuan, up 1.9% from 1.265 billion yuan in the same period of last year. As the net profit of the same period in 2017 includes the one-time tax rebate of the whole year, after deducting this effect, the net profit after adjustment increased by 20.5% year-on-year. In the fourth quarter, the operating cash flow was 1.802 billion, an increase of 31.4% over the same period of last year. Lai Meisong, founder, chairman and CEO of Zhongtong express, said: in the fourth quarter and the whole year of 2018, Zhongtong has achieved its steady development goal. The annual business volume reached 8.52 billion pieces, a year-on-year increase of 37.1% compared with that of 6.22 billion pieces in 2017, exceeding the average growth rate of the industry by 10.5%. The market share increased from 15.5% to 16.8%, continuously leading China's express industry. At the same time, we also keep ahead in service quality, customer satisfaction and profitability.

On August 18, 2019, Zhongtong Express（ ZTO.US ）Q2 financial report comments: under the background of price war, the performance meets expectations, with both growth and certainty.

On November 19, 2019, Zhongtong express released its financial report for the third quarter of 2019. According to the financial report summary, the business volume of Zhongtong express completed 3.058 billion pieces in the third quarter, with a year-on-year growth of 45.9%. The market share increased by 2.3 percentage points over the same period of last year, accounting for 18.9%. The profit growth continued to be steady, and the adjusted net profit was 1.318 billion yuan

Chinese PinYin : Zhong Tong Kuai Di