NYSE:ZTOLogistics
What ZTO Express (Cayman) (ZTO)'s 2025 Margin Outlook and New Convertible Bonds Mean For Shareholders
In early February 2026, ZTO Express (Cayman) Inc. issued full-year 2025 guidance, projecting total revenues of RMB48,500.0 million to RMB50,000.0 million and gross profit of RMB12,150.0 million to RMB12,550.0 million, while also completing a US$1.50 billion 0.925% senior unsecured convertible bond offering due March 1, 2031.
This combination of higher revenue expectations driven by parcel volume growth alongside lower forecast gross profit highlights emerging margin pressure just as ZTO adds...