ZTO Express (Cayman) Inc. (NYSE:ZTO) Q1 2024 Earnings Conference Call May 15, 2024 8:30 PM ET
Company Participants
Sophie Li - Head of Capital Markets
Meisong Lai - Chairman and CEO
Huiping Yan - CFO
Conference Call Participants
Qianlei Fan - Morgan Stanley
Lu Wei Jiang - Haitong Securities
Ronald Keung - Goldman Sachs
Operator
Good day and welcome to the ZTO Express First Quarter 2024 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions]
I would now like to turn the conference over to Sophie Li, Head of Capital Markets. Please go ahead.
Sophie Li
Thank you, operator. Hello, everyone, and thank you for joining us today.
The company's results and the Investor Relations presentation were released earlier today and available on the company's IR website at ir.zto.com. On the call today from ZTO are Mr. Meisong Lai, Chairman and Chief Executive Officer; and Mrs. Huiping Yan, Chief Financial Officer. Mr. Lai will give a brief overview of the company's business operations and highlights, followed by Mrs. Yan, who will go through the financials and guidance. They will both be available to answer your questions during the Q&A session that follows.
I remind you that 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 expectations and the current market and operating conditions and 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, which may cause the company's actual results, performance or achievements to differ materially from those in the forward-looking statements.
Further information regarding this and other risks, uncertainties and factors is included in the company's filings with the U.S. Securities and Exchange Commission. The company does not undertake any obligation 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 break through his prepared remarks in their entirety in Chinese before I translate for him in English.
Meisong Lai
[Foreign Language] Hello, everyone. Thank you for joining today's conference call.
In the first quarter of 2024, ZTO maintained its industry-leading service quality ranking. With a parcel volume of $7.17 billion, which grew 14% year-over-year, we achieved adjusted net profit of $2.22 billion, representing a year-on-year increase of 16%.