=ZTO Express (ZTO) reported earnings on Tue 22 August 2017 (a/h)

ZTO Express (Cayman) Inc. (ZTO), a leading and fast-growing express delivery company in China, today announced its unaudited financial results for the second quarter ended June 30, 20171.

Second Quarter 2017 Financial Highlights

• Revenues were RMB2,971.4 million (US$438.3 million), an increase of 29.9% from the same period of 2016.
• Gross profit was RMB1,123.9 million (US$165.8 million), an increase of 35.8% from RMB827.8 million in the same period of 2016.
• Net income was RMB716.9 million (US$105.8 million), an increase of 68.4% from RMB425.8 million in the same period of 2016.
• Adjusted EBITDA2 was RMB1,104.6 million (US$162.9 million), an increase of 46.6% from RMB753.7 million in the same period of 2016.
• Adjusted net income3 was RMB730.4 million (US$107.7 million), an increase of 43.5% from RMB509.2 million in the same period of 2016.
• Basic and diluted earnings per American depositary share ("ADS"4) were RMB1.00(US$0.15), an increase of 66.7% from RMB0.60 in the same period of 2016.
• Net cash provided by operating activities was RMB903.2 million (US$133.2 million), compared with RMB278.5 million in the same period of 2016.

1   An investor relations presentation accompanies this earnings release and can be found at ir.zto.com

2   Adjusted EBITDA is a non-GAAP financial measure, which is defined as net income before depreciation, amortization, interest expenses and income tax expenses, and further adjusted to exclude (i) shared-based compensation expense; and (ii) gain on deemed disposal of equity method investments.

3   Adjusted net income is a non-GAAP financial measure, which is defined as net income before (i) share-based compensation expense and (ii) gain on deemed disposal of equity method investments.

4   One ADS represents one Class A ordinary share.