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ZTO Express reports strong Q1 with 19.1% rise in parcels, despite profit margin challenges.
ZTO Express, a major Chinese delivery company, reported a strong first quarter, seeing a 19.1% jump in parcel volume to 8.5 billion and a 40.9% increase in net income to RMB2.039 billion.
Despite a 10.4% drop in gross profit, the company's revenues rose by 9.4% to RMB10.89 billion.
ZTO's CEO highlighted the company's focus on service quality and expanding into reverse logistics and e-commerce services.
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ZTO Express informa de un fuerte primer trimestre con un aumento del 19,1% en las parcelas, a pesar de los desafíos del margen de ganancias.