Yinhua CSI Modern Logistics ETF

China's March Express Delivery Development Index Up 2.4% YoY

China's Logistics Index Dropped to 47.5% in February

Continued Decline in Social Logistics Costs, Enhancing Economic Efficiency

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ZTO EXPRESS-W announced a 6.28% year-on-year increase in net profit for the first quarter to 2.118 billion yuan, with revenue growing by 22% to 13.282 billion yuan. Core express service revenue increased by 22.5%, driven by an increase in parcel volume and higher per-piece prices. The parcel volume reached 9.668 billion pieces, with a growth rate exceeding the industry average. Chairman Lai Meisong stated that the company will continue to focus on service quality and customer satisfaction. Despite a slight decline in gross margin, operating profit still grew by 5.8% to 2.545 billion yuan. The stock price fell by 6.44% on Wednesday

BambooWorks

ZTO EXPRESS-W

ZTO Express

Brief News: Increased single ticket price, ZTO earns 6.3% more in the first quarter

Seven Chinese executives and four major container manufacturers have been charged with U.S. antitrust violations for alleged price-fixing and supply restrictions from November 2019 to January 2024. The conspiracy reportedly doubled container prices, exacerbated pandemic shortages, and affected $35 billion in global trade.

iShares US Transportation ETF

SPDR S&P Transp

DOJ charges shipping giants in $35B pandemic price-fixing case

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SHPP

SUPL

FTXR

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516910

ZTO Expressreported a Q1 revenue of 13.28 billion yuan, a 22% year-on-year increase, despite a stock price decline of over 3%. The company projects a 10% to 13% growth in parcel volume by 2026, estimating 42.37 billion to 43.52 billion parcels.

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ChinaAMC CSI All Share Transportation ETF

Pacer Industrials and Logistics ETF

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First Trust NasdaqTransport

China Southern CNI Transportation Industry ETF

Fullgoal CSI Modern Logistics ETF

ZTO Express Reports Q1 Revenue Growth, Projects Increase in Parcel Volume by 2026

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SF HOLDING-0.060 (-0.181%) Short selling $2.38M; Ratio 6.759% announced that its combined revenue from express logistics, supply chain and international businesses in April amounted to RMB25.376 billion (RMB, same below), representing a YoY increase of 6.11%. Among which, revenue from the express logistics business rose 2.12% YoY to RMB18.385 billion, while revenue from the supply chain and international business increased 18.25% YoY to RMB6.991 billion. (ad/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-19 16:25.)

AASTOCKS News

SF Holding

SF HOLDING

SF HOLDING  Apr Combined Revenue Up 6.11% YoY

EBIZ

Wolfbox has launched the SmartSlide electric sliding tonneau cover, featuring four control modes, app-controlled RGB LED lighting, and an internal emergency escape mechanism. Designed for various truck models, it offers a fully electric operation for secure cargo access. The cover withstands extreme temperatures and includes an intelligent obstacle detection system. With a static load capacity of 800 pounds, it supports additional equipment. The SmartSlide is priced at $1,999.99 and is available on the Wolfbox website and Amazon.

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Global X E-commerce ETF

VanEck Retail ETF

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SPDR S&P Retail ETF

10:17 ETWolfbox SmartSlide Brings Versatile Multi-Mode Control and Enhanced Safety to Electric Tonneau Covers

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CLSA's research report highlights that ZTO EXPRESS-W is expected to regain market share by 2026, with a projected net profit of RMB2.3 billion and a business volume growth of approximately 14% in Q1. The firm maintains an Outperform rating with a target price of HKD216, citing attractive valuation at about 10x forecast PE for FY2026. Additionally, CLSA is optimistic about J&T EXPRESS-W's overseas expansion, also assigning it an Outperform rating with a target price of HKD13.6.

- CLSA's report indicates that the "anti-involution" measures in China's express delivery industry are yielding positive outcomes, particularly for ZTO EXPRESS-W, which saw a 14% growth in business volume in Q1.  
- With a projected net profit of approximately RMB 2.3 billion, ZTO EXPRESS-W is expected to regain market share in 2026 and maintain stable profitability, leading to an attractive valuation at about 10x forecast PE for FY2026.  
- CLSA has maintained an Outperform rating on ZTO EXPRESS-W with a target price of HKD 216 and expressed optimism for J&T EXPRESS-W, also assigning it an Outperform rating with a target price of HKD 13.6.

J&T EXPRESS-W

Sonicshares Global Shipping ETF

US Global Sea to Sky Cargo ETF

CLSA Expects ZTO EXPRESS-W  to Regain Market Share; Bullish on J&T EXPRESS-W Overseas Expansion Potential

Lalamove showcased the phased results of its "Low-altitude Economic Regulatory Sandbox" in Hong Kong, successfully conducting deliveries with drones in complex urban environments, demonstrating its potential in the development of the low-altitude economy. The company has partnered with Future Wing and conducted over 200 drone delivery tests, showing an improvement in delivery efficiency of nearly 60% and a reduction in costs by 40%. Lalamove plans to expand its drone logistics solutions to international markets, supporting the country's "14th Five-Year Plan."

HKSTP

Lalamove showcases the phased results of the "Low-altitude Economy Regulatory Sandbox"

Yues International Holdings Group Limited has announced a delay in completing its acquisition of Hangzhou Yihang Logistics Co., Ltd. The completion deadline has been extended from April 30, 2026, to May 31, 2026, due to the need for additional time to finalize changes in industrial and commercial registration. This acquisition is part of Yues International's strategy to expand its logistics operations in mainland China. The company has passed preliminary government reviews, and all other terms of the transaction remain unchanged.

Tip Ranks

YUES INTL HLDG

Yues International Delays Completion of Hangzhou Logistics Acquisition to May 31

SPS, a leading outsourcing provider, has earned multiple distinctions from the IAOP as part of its 2026 Global 100 list. Recognized for excellence in customer impact, ESG leadership, and sustained operational performance, SPS has been awarded in categories such as Customer References and Programs for Social Impact. The recognition underscores SPS's commitment to delivering measurable business outcomes and innovative solutions in business process outsourcing and workplace solutions. CEO Dan Moscatiello emphasized the company's dedication to client success and operational excellence.

03:00 ETSPS Earns Multiple IAOP Global 100 Distinctions for Customer Impact, ESG and Sustained Excellence

Alibaba Group Holding plans to list its Cainiao logistics hub as a real estate investment trust (Reit) on the Shenzhen Stock Exchange, following regulatory approval. Analysts believe this move will allow Alibaba to redeploy capital into higher-growth opportunities and unlock value from its mature infrastructure. The Reit will be managed by CICC Fund and is based on Jiaxing Park, a key logistics facility. This strategy aligns with a broader trend among logistics firms in China to securitize assets, supported by government initiatives to enhance infrastructure funding.

SCMP

Alibaba

BABA-W

Alibaba’s plan to list Cainiao logistics hub will ‘unlock’ value, analysts say

Yinhua CSI Modern Logistics ETF(516530.SH)