Zhongtong Express's revenue increased by 15% last year, and it is expected that the parcel volume will increase by more than 20% year-on-year this year.

On March 19, Jinshi data, Zhongtong Express (02057.HK) announced the unaudited financial performance for the fourth quarter of 2024 and the full year of 2024. Last year, it achieved a revenue of 44.281 billion yuan, a rise of 15.3% year-on-year. The net profit was 8.888 billion yuan, a rise of 1.5% year-on-year. The adjusted net profit rose by 12.7% year-on-year to 10.2 billion yuan. Last year, Zhongtong completed 34 billion pieces of business, a rise of 12.6% year-on-year, with the growth rate of individual business volume in the fourth quarter of last year approaching 50%, far exceeding the overall business volume growth rate; the volume of reverse orders in individual pieces doubled year-on-year. Based on the current market conditions and operational situation, Zhongtong expects the annual parcel volume in 2025 to be in the range of 40.8 billion to 42.2 billion pieces, a rise of 20% to 24% year-on-year.