Stock Track | ZTO Express Plummets 5.13% in Pre-Market on Lowered Growth Forecast Amid Shifting Parcel Mix

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ZTO Express Inc. (ZTO) shares plummeted 5.13% in pre-market trading on Wednesday, following the Chinese logistics firm's reduction in its annual parcel volume growth forecast. The downward revision stemmed from challenges posed by weaker consumer spending and a rising proportion of low-value e-commerce packages in the company's parcel mix.

ZTO cited the shift in parcel mix as a hurdle in maintaining its previously projected growth trajectory. The company now expects 2024 parcel volume to reach 33.7-33.9 billion, reflecting a year-over-year increase of 11.6%-12.3%, down from its earlier robust estimates.

Despite the setback, ZTO's third-quarter results showed steady operational performance, with a 15.9% year-over-year increase in parcel volume and a 2% growth in adjusted net income. However, the company acknowledged that the increasing proportion of low-value e-commerce packages presented new challenges in achieving simultaneous growth in service quality, volume market share, and profitability.

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(ZTO) shares plummeted 5.13% in pre-market trading on Wednesday, following the Chinese logistics firm's reduction in its annual parcel volume growth forecast. The downward revision ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ZTO","symbol_name":"中通快递","start_time":0,"source_url":"","article_id":"1115055823","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1115055823","pubTimestamp":1732113343,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"ZTO Express Inc.  shares plummeted 5.13% in pre-market trading on Wednesday, following the Chinese logistics firm's reduction in its annual parcel volume growth forecast. The downward revision stemmed from challenges posed by weaker consumer spending and a rising proportion of low-value e-commerce packages in the company's parcel mix.ZTO cited the shift in parcel mix as a hurdle in maintaining its previously projected growth trajectory. The company now expects 2024 parcel volume to reach 33.7-33","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ZTO":"中通快递"},"translate_title":"中通快递盘前暴跌5.13%，因包裹结构变化导致增长预期下调","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZTO":1},"content_text":"ZTO Express Inc. (ZTO) shares plummeted 5.13% in pre-market trading on Wednesday, following the Chinese logistics firm's reduction in its annual parcel volume growth forecast. The downward revision stemmed from challenges posed by weaker consumer spending and a rising proportion of low-value e-commerce packages in the company's parcel mix.\nZTO cited the shift in parcel mix as a hurdle in maintaining its previously projected growth trajectory. The company now expects 2024 parcel volume to reach 33.7-33.9 billion, reflecting a year-over-year increase of 11.6%-12.3%, down from its earlier robust estimates.\nDespite the setback, ZTO's third-quarter results showed steady operational performance, with a 15.9% year-over-year increase in parcel volume and a 2% growth in adjusted net income. 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