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Exhibit 99.1 ZTO Reports Third Quarter 2021 Unaudited Financial Results Income from Operations Increased 16.4 % to RMB1.4 Billion Volume Grew 23.3 % to reach 5.7 Billion Parcels Market Share Secured at 20.8 % SHANGHAI , Nov. 17 , 2021 / PRNewswire / — ZTO Express ( Cayman ) Inc. ( NYSE : ZTO and SEHK : 2057 ) , a leading and fast - growing express delivery company in China ( “ ZTO ” or the “ Company ” ) , today announced its unaudited financial results for the third quarter ended September 30 , 2021 [ 1 ] . The Company delivered a parcel volume growth of 23.3 % while maintaining high customer satisfaction and industry - top level of quality of earnings . Adjusted net income reached RMB1,147.9 million which grew 13.7 % over that of last year's normalized for one - time tax refund . Cash generated from operating activities totaled RMB1,787.1 million . Third Quarter 2021 Financial Highlights • • • • • Revenues were RMB7,390.7 million ( US $ 1,147.0 million ) , an increase of 11.3 % from RMB6,638.8 million in the same period of 2020 . Gross profit was RMB1,568.3 million ( US $ 243.4 million ) , an increase of 12.7 % from RMB1,391.0 million in the same period of 2020 . Net income was RMB1,147.9 million ( US $ 178.1 million ) , a decrease of 5.2 % from RMB1,210.3 million in the same period of 2020. Normalized for the one - time 2019 income tax refund received in 2020 , net income increased 13.7 % year over year . Adjusted EBITDA [ 2 ] was RMB1,967.7 million ( US $ 305.4 million ) , an increase of 17.4 % from RMB1,675.4 million in the same period of 2020 . Adjusted net income [ 3 ] was RMB1,147.9 million ( US $ 178.1 million ) , a decrease of 5.2 % from RMB1,210.3 million in the same period of 2020 . Normalized for the one - time 2019 income tax refund received in 2020 , adjusted net income increased 13.7 % year over year . Basic and diluted net earnings per American depositary share ( " ADS ” [ 4 ] ) were RMB1.43 ( US $ 0.22 ) , a decrease of 6.5 % from RMB1.53 in the same period of 2020 . Adjusted basic and diluted net earnings per American depositary share [ 5 ] attributable to ordinary shareholders were RMB1.43 ( US $ 0.22 ) , a decrease of 6.5 % from RMB1.53 in the same period of 2020 . Net cash provided by operating activities was RMB1,787.1 million ( US $ 277.4 million ) , compared with RMB1,480.4 million in the same period of 2020 . Operational Highlights for Third Quarter 2021 • Parcel volume was 5,700 million , an increase of 23.3 % from 4,623 million in the same period of 2020 . • Number of pickup / delivery outlets was over 30,300 as of September 30 , 2021 . • Number of direct network partners was over 5,600 as of September 30 , 2021 . • • • Number of line - haul vehicles was approximately 10,500 as of September 30 , 2021 , which included approximately 10,400 self - owned vehicles and approximately 100 vehicles owned and operated by Tonglu Tongze Logistics Ltd. , a transportation operator that works exclusively for ZTO . Out of the approximately 10,400 self - owned trucks , approximately 8,450 were high capacity 15 to 17 - meter - long models as of September 30 , 2021 , compared to over 8,150 as of June 30 , 2021 . Number of line - haul routes between sorting hubs was over 3,600 as of September 30 , 2021 , compared to approximately 3,600 as of June 30 , 2021 . Number of sorting hubs was 96 as of September 30 , 2021 , among which 85 are operated by the Company and 11 by the Company's network partners . ( 1 ) An investor relations presentation accompanies this earnings release and can be found at http://zto.investorroom.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 the shared - based compensation expense and non - recurring items such as the gain on disposal of equity investment and subsidiary which management aims to better represent the underlying business operations . ( 3 ) Adjusted net income is a non - GAAP financial measure , which is defined as net income before share - based compensation expense and non - recurring items such as gain on disposal of equity investment and subsidiary in which management aims to better represent the underlying business operations . One ADS represents one Class A ordinary share . ( 4 ) ( 5 ) Adjusted basic and diluted earnings per American depositary share attributable to ordinary shareholders is a non - GAAP financial measure . It is defined as adjusted net income attributable to ordinary shareholders divided by weighted average number of basic and diluted shares , respectively . 1