On January 18, ZTO Express (NYSE:ZTO) today released its unaudited financial results for the third quarter of fiscal 2021 ended September 30. According to the report, the company achieved revenue of 7,390.7 million yuan (about $1,147.0 million), an increase of 11.3% year-on-year, and net profit of 1,147.9 million yuan (about $178.1 million), down 5.2% year-on-year, the report shows.
According to the financial report, ZTO Express's parcel delivery volume in the third quarter was 5.7 billion, an increase of 23.3% compared with 4.623 billion in the same period last year.
As of September 30, 2021, ZTO Express had a total of approximately 30,300 receiving/delivery points, more than 5,600 direct network partners, and more than 3,600 trunk transportation routes between sorting and sorting centers.
Lai Meisong, founder, chairman and CEO of Zhongtong Express Group, said, "In the third quarter of this year, the concentration of the express delivery industry market has been further improved, and the relative scale and profitability have also formed a distinct polarization in the first few.
After the US stock market, Zhongtong Express reported $28.15 / share, down 2.32%. (text| AI Finance & Economics Summer)