ZTO Express (Cayman) Inc. (NYSE:ZTO) Q3 2024 Results Conference Call November 19, 2024 7:30 PM ET

Company Participants

Sophie Li - Corporate Secretary and Director of Capital Markets
Meisong Lai - Chairman and CEO
Huiping Yan - CFO

Conference Call Participants

Qianlei Fan - Morgan Stanley
Ronald Keung - Goldman Sachs

Operator

Good day, and welcome to ZTO Express to announce Third Quarter 2024 financial results conference call. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Sophie Li. 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 are 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 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 statement 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 read through his prepared remarks in their entirety in Chinese before I translate for him in English. [Foreign Language]

Meisong Lai

[Foreign Language]

Sophie Li

Thank you, Chairman. Please let me translate first. Hello, everyone. Thank you all for joining today's conference call. In the third quarter of 2024, ZTO continued to maintain its leading service quality amongst peers. Our total parcel volume reached 8.72 billion, representing a 15.9% year-over-year growth. Meanwhile, we achieved adjusted net profit of CNY 2.39 billion, and our profitability remains ahead of our comparable peers.