SHANGHAI, Sept. 21, 2017 /PRNewswire/ -- ZTO Express (Cayman) Inc. (NYSE: ZTO) ("ZTO" or the "Company"), a leading express delivery company in China"), today announced that it has begun trial operations at its newest sorting hub in Chengdu, Sichuan. The sorting hub is ZTO's largest in Western China in terms of parcel volume.
Located in Longquanyi District in Chengdu, the sorting hub covers approximately 15 hectares and will incorporate in-house developed cross-belt sorting systems which will allow it efficiently sort more than 5 million parcels per day. ZTO invested approximately RMB400 million in its construction and expects full operations to begin in early October 2017. The launch of the Sichuan sorting hub is part of the Company's preparations for the enormous surge in orders that will take place during the 11.11 shopping festival in November 2017.
Mr. Meisong Lai, Chairman and Chief Executive Officer of ZTO, commented "The launch of trial operations at our largest sorting hub in Western China is critical to meeting the surge in parcels that we expect to see during the most important day in China's e-commerce market. Our in-house developed cross-belt sorting systems significantly improve sorting efficiency allowing us to further reduce unit logistics costs, improve customer service and strengthen brand loyalty. We will continue to invest in expanding our network and developing tools to improve efficiency as we work to create greater shareholder value."
About ZTO Express (Cayman) Inc.
ZTO Express (Cayman) Inc. (NYSE: ZTO) ("ZTO" or the "Company") is a leading express delivery company in China and one of the largest express delivery companies globally, in terms of total parcel volume in 2015, according to the iResearch Report. ZTO provides express delivery service as well as other value-added logistics services through its extensive and reliable nationwide network coverage in China.
ZTO operates a highly scalable network partner model, which the Company believes is best suited to support the significant growth of e-commerce in China. The Company leverages its network partners to provide pickup and last-mile delivery services, while controlling the mission-critical line-haul transportation and sorting network within the express delivery service value chain.
For more information, please visit http://zto.investorroom.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confidence" and similar statements. ZTO may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ZTO's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and ZTO undertakes no duty to update such information, except as required under applicable law.
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