Lyon: Maintaining Mid-Tone Express-W (02057) Outperforming Market Rating, Profit Forecast for the Next Two Years Raised

Financial app Choicetou has learned that Lyon has released a research report stating that ZTO Express's third-quarter revenue and adjusted net profit increased by 11% and 7% year-on-year, respectively. The adjusted net profit per order is approximately 0.27 Chinese yuan, an improvement from the second quarter's 0.21 Chinese yuan. The report is optimistic about the company's core cost per order, which has only increased by 0.02 Chinese yuan due to the operation of new transfer centers. The rating of "outperforming the market" is maintained, with a target price of 152 Hong Kong dollars for the Hong Kong stock and a target price of 20 US dollars for the US stock.