ZTO Express (ZTO) Q1 2022 Earnings Call Transcript

For the period ending March 31, 2022

May 24, 2022 8:30 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day. And welcome to the ZTO Express First Quarter Financial Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Huiping Yan, Chief Financial Officer. Please go ahead.

Huiping Yan

Thank you, operator may. Hello, everyone. Thank you for joining us today. The company's results and an investor relations presentation are released earlier today and are available on the company's website at ir.zto.com. On a call today from ZTO, or Mr. Meisong Lai, Chairman and Chief Executive Officer and I, Huiping Yan, Chief Financial Officer, Mr. Lai will go through his prepared remarks highlighting business operations, and I will then go through the financials and guidance. We will both be available to answer your question during the Q&A session that follows.

As a reminder, this call may contain forward-looking statements made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current view and expectations of the market and operating conditions that relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the company's control, and may cause the company's actual results, performances or achievements to differ materially from those in the forward-looking statements.

Further information regarding these in other risks, uncertainties and factors are included in the company's filings with the U.S. Securities and Exchange Commission. The company does not undertake any obligations to update any forward-looking statements as a result of new information, future events or otherwise, except as required under law.

It is now my pleasure to introduce Mr. Meisong Lai. Mr. Lai will go through his prepared remarks in its entirety in Chinese before I translate for him into English. Mr. Lai, please go ahead.

Meisong Lai

Thank you, Chairman. Hello, everyone. And thank you for joining us today. In the first quarter of 2022, ZTO delivered a parcel volume of 5.2 billion, which increased 16.8% expanding our market share by 1.2 points to 21.6%. Adjusted net income grew 34.9% to RMB1.1 billion.