ZTO Express (Cayman) (NYSE:ZTO) 1Q17 earnings result

ZTO Express (Cayman) (NYSE:ZTO) 1Q17 earnings result

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Bumper Revenue for ZTO (NYSE:ZTO)

ZTO Express (Cayman) (NYSE:ZTO) revealed net income for the first quarter of RMB 503.55 million or 70 cents per share, compared to income of RMB 300.10 million or 47 cents per share, in the year-ago period.

Headquartered in Shanghai, China, the company disclosed, Revenue that reached RMB 2.61 billion, rose 34% from RMB 1.96 billion a year ago.

Mr. Meisong Lai, Founder and CEO, said: Our market share continued to increase along with our parcel volume during the quarter which exceeded the industry average by 10 percentage points according to the State Post Bureau. I believe this demonstrates the effectiveness our strategy on strengthening our industry-leading position and our ability to provide high-quality service to our customers and users.