- 大连:
- 代理
- 大连贵:
- 招商
- 大连贵金属:
- 开户
Zhongtong Goes to the United States It is a benchmark move in the industry. If successfully issued, the amount of funds raised by ZTO is expected to exceed SF Express's 100 million yuan, YTO's 100 million yuan and STO's 100 million yuan, setting a record for the most funds raised by a domestic private express delivery company in its listing.
ZTO Express has finally launched in the United States. So far, the five private express delivery giants "Three Links and One Express" and SF Express have all caught up with the capital feast.
On March 1, an unnamed executive of ZTO Express confirmed to a reporter from Century Business Herald that the company had officially submitted information to the Nasdaq Exchange in the United States on March 1. The reporter checked the exchange announcement on the same day and could already find the prospectus of ZTO Express.
Zhongtong&Jiajia&r was subsequently exposed&&The annual revenue was US$100 million (approximately RMB100 million), but the net profit was US$100 million (RMB100 million), with a net interest rate as high as %, and the company itself The disclosed operating gross profit margin is as high as .%. Compared with the net profit margins disclosed by express companies such as YTO and SF Express that were listed earlier are only between % and %, the profit margins of ZTO Express are really amazing.
The strange thing is that Zhongtong's net profit in the middle of the year was only %, and according to reporters from industry insiders, Zhongtong's profit margin before the year was even lower. Why did it more than double in just one year? On October 1, reporters contacted Zhongtong several times to seek explanations, but they were all declined by saying they were "unable to respond during the silent period."
During the interview, many professionals in the express delivery industry were surprised and puzzled by ZTO’s high profit margin. An unnamed professional told Century Business Herald that given the strictness of U.S. stock audits, ZTO is unlikely to make false accounts to seek listing. However, there is considerable room for financial maneuverability in the express delivery industry, and ZTO may take advantage of certain available financial options. Utilize the space to increase profit margins in order to seek higher valuations.
After all, according to ZTO’s current profit expectations, the company’s valuation in the U.S. market is expected to exceed 100 million yuan, and Changjiang Securities (China Securities Co., Ltd.) has given it a high valuation of 100 million yuan.