05:40 AM EDT, 03/19/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

ZTO Express ( ZTO ) reported FY 24 revenues of CNY44.3 billion (+15.3% Y/Y) and adjusted net profit of CNY8.9 billion (+1.5%), in line with expectations. Core express delivery ASP improved to CNY1.28/parcel while parcel volume grew 12.6% to 34.0 billion parcels, with operating profit margin expanding 0.6%-pt to 26.6%, driven by increased automation. Management plans to reduce capex to CNY5.0 billion-CNY5.5 billion in 2025 from CNY5.9 billion in 2024, while implementing cost-efficient autonomous vehicles expected to halve per-package delivery costs to CNY0.07-CNY0.08. The company projects 2025 parcel volume growth of 20%-24% to 40.8 billion-42.2 billion parcels, outpacing industry growth of ~16%, with Q4 2024 retail parcel volume showing strong momentum (+50% Y/Y). We believe ZTO's scale advantages, operating efficiency, and network stability position it well to navigate market challenges, supporting our positive long-term outlook for China's express delivery demand.