ZTO Express (Cayman) Inc. provided operating guidance for the year 2023. Considering the current market conditions and operations, the Company raises its annual parcel volume projection to be in the range of 29.27 billion to 30.24 billion, representing a 20% to 24% increase year over year. Relative to the entire industry performance, the Company is confident to achieve at least 1.5 percentage point increase in volume market share for the entire year.

All aforementioned estimates represent management's current and preliminary view, which are subject to change.