HK Stock Market Move | ZTO EXPRESS-W(02057) rose nearly 6% in early trading, with an adjusted net profit of 9.5 billion yuan for the full year, and a newly authorized $1.5 billion share repurchase plan.

ZTO EXPRESS-W(02057) rose nearly 6% in early trading and, as of the time of publication, was up 3.39% to 189 Hong Kong dollars, with a trading volume of 1.54 billion Hong Kong dollars. On the news front, ZTO Express announced its performance goal, aiming to handle 385.2 billion business parcels by 2025, with an increase of 4.5 billion parcels, representing a year-over-year growth of 13.3%. The company expects the total number of parcels to be between 423.7 billion and 435.2 billion in 2026, with a year-over-year increase of 10% to 13%. Additionally, the board of directors has approved a plan to repurchase shares worth a total of 1.5 billion US dollars within the next 24 months. Lai Meisong, Chairman and CEO of ZTO Express Group, stated, "In the fourth quarter, the policies against 'involution' continue to show results, and the extreme low-price phenomenon in the express delivery industry has been curbed." He added that the industry as a whole is transitioning towards a development path that emphasizes both quality and quantity, as relying solely on low prices to drive growth is neither sustainable nor economical. This fundamental shift is helping to accelerate the industry's move away from fierce price competition towards a new phase where capabilities are key to winning over customers, ultimately driving further industry consolidation.