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flag ZTO Express reports strong Q1 with 19.1% rise in parcels, despite profit margin challenges.

flag 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. flag Despite a 10.4% drop in gross profit, the company's revenues rose by 9.4% to RMB10.89 billion. flag ZTO's CEO highlighted the company's focus on service quality and expanding into reverse logistics and e-commerce services.

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