Revenue for the quarter climbed 23% to RMB14.55 billion, bolstered by a 15.5% rise in parcel unit prices and a 6.5% increase in total volume. Management noted that the growth was largely driven by a surge in high-value key-account volumes, specifically in the reverse-logistics sector. Despite ongoing cost pressures from oil-price volatility, the company reduced its combined unit sorting and transportation costs by 2 cents through lean operations and increased automation.

ZTO’s leadership remains cautious regarding the broader economic climate, prompting an update to its full-year parcel volume growth guidance to a range of 6% to 10%. To bolster investor returns, the company has actively pursued a share repurchase program, utilizing US$740 million in 2026 to buy back over 31 million Class A shares. Looking ahead, the firm is strengthening its governance with the appointment of Wei Zhu, a veteran in management consulting and investment banking, to its board of directors effective August 19.