ZTO Express (Cayman) Inc.

Good day and welcome to the ZTO Express first quarter financial results conference call. All participants will be in a listen only mode. Should you need assistance, please signal a conference specialist by pressing star then zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touch tone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Hu Bingyan, Chief Financial Officer. Please go ahead.

Thank you, Operator. Hello, everyone. Thank you for joining us today. The company's results in an investor relations presentation were released earlier today and are available on the company's website at ir.zto.com. On the call today from ZTO are Mr. Mason Lai, Chairman and Chief Executive Officer and I, Wei-Ping Yan, Chief Financial Officer. Mr. Lai will go through his prepared remarks, highlighting business operations, and I will then go through the financials and guidance. We will both be available to answer your question during the Q&A session that follows. As a reminder, this call may contain forward-looking statements made under the safe harbor provisions of the Private Security Litigation Reform Act of 1995. Such statements are based on management's current view and expectations of the market and operating conditions that relate to events that involve known or unknown risks, uncertainties, and other factors, all of which are difficult to predict and many of which are beyond the company's control and may cause the company's actual results, performances, or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties, and factors are included in the company's filings with the U.S. Security and Exchange Commission. The company does not undertake any obligations to update any forward-looking statement as a result of new information, future events, or otherwise, except as required under law. It is now my pleasure to introduce Mr. Mason Lai. Mr. Lai will go through his prepared remarks in its entirety in Chinese before I translate for him into English. Mr. Lai, please go ahead.

The market share increased by 1.2% in the same period last year, reaching 21.6%. The adjusted net profit of 10.5 billion yuan has increased by 34.9% in the same period. Since March, the epidemic has been spreading in some areas, and local express delivery has been slow. First, Highly value the legacy of the end-of-the-year and creditors. Make good use of the progress of the front-end payment. Fully transfer to the end-of-the-year and end-of-the-year. And through the collection of payment standards, standardization and coordination, the donation of the epidemic loan, the small talk of hundreds of millions of dollars, the support of policies such as love funds and financial assistance, the protection of the network base, the stability and resilience of the special period, and long-term sustainability. Second, enhanced network management. This is a comprehensive technology for end-of-the-line units, including the entry and exit thresholds between the center and the end-of-the-line, and the effective optimization of end-of-the-line and end-of-the-line. This kind of end-of-the-line, end-of-the-line management, will never form the best network model for end-of-the-line. In this In this comprehensive self-discipline process, we adopt a more harmonious network policy and control system to make the network more stable, healthier, and more sustainable. Thirdly, we accelerate the construction of speedy management capabilities to implement a system that integrates the whole network, the whole body, and the whole element to accurately track and track, and to achieve this effect. We fully utilize the resources and advantages of the technology service platform, to improve the platform and reduce the cost-effectiveness, and to ensure the safety and operation of the network to the maximum extent, especially to build a complete system with a complete perspective. The complete management system will become a comprehensive management system of the network from the previous professional tools. Fourth, record optimization, quality assessment indicators, and dispatch mechanisms, especially during the epidemic, to develop more human-oriented network tests and indicators to fully identify and increase confidence. Fifth, continue to develop multidirectional products and services. In the epidemic environment, our ability to operate in mainstream e-commerce channels has still been improved. We have deepened the exploration and implementation of real-time products and e-commerce platforms such as Zengxiang, BiaoKai, and so on. With the delivery of high-end service capabilities for the group, So the state-owned state-owned service capacity is also exploring and deploying. In fact, the spread of the epidemic across the country is gradually being controlled. The center of attention and the end point are gradually coming into effect. In April, the total business volume of the whole country increased by about 12% and began to recover gradually. The share price of May increased by 2.3%. The relevant government departments are directly involved in the management of the courier industry and the support of the industry. Dispatch the political connection, solve the difficult problems, and help the courier industry to safely travel to and from all over the world. The good news is still edible. In mid-May, the first Shanghai-based courier industry, Pocong Pochan, was listed as a white list. The center and the finish line are not in good condition, including the actual efficiency, which will not be able to reach the standard level. In order to achieve the goal of dynamic cleanliness, we expect that safety production will become a standard in anti-corruption. The country has proposed a clear demand for the epidemic to be restored, the economy to be stabilized, and the development to be safe in major meetings. China's fast-growing industry will continue to play an important role in the development of the stable economy. We are looking forward to the ongoing demand for consumers. We have confidence in China's leading scale and efficiency advantages. We are confident in the resilience of the entire network to face difficulties and challenges. In the coming days, we will deploy epidemic prevention and control to normalize, at the same time, firmly implement various work goals, digital management, precision testing, real-time adjustment, measure the effect, grasp the opportunity, restore the market, drive efficient management and stable and continuous growth, and continue to expand the market share and profit level. May 8th, The Chinese Communist Party has been through the heat of the 20th century. In the past 20 years, we have been chasing after, chasing after, surpassing, breaking through the waves, fighting against the disease. The past is the result of all the Chinese Communist Party members' unity and struggle. We can't live without the support and support of society and the times. We can't live without the support and support of society and the times. We can't live without the support and support of society and the times. We can't live without the support and support of society and the times. Thank you, Chairman. Hello, everyone, and thank you for joining us today.