ZTO Express sees FY23 parcel volume up 18%-22% y/y

Based on current market conditions and current operations, the company’s parcel volume for 2023 is expected to be in the range of 28.78B-29.75B, representing a 18%-22% increase year over year. Relative to the entire industry performance, the company is confident to achieve at least 1.5 percentage point increase in its market share for the entire year.