US EditionTuya Reports First Quarter 2025 Unaudited Financial Results
- On May 20, 2025, ZTO Express disclosed its preliminary earnings for the period concluding March 31, 2025, highlighting sustained growth in Shanghai.
- The company faces intense competition in China's express delivery market, described as 'white-hot', with many parcels low value or loss-making for providers.
- ZTO grew parcel volume 19.1% to 8.5 billion, maintained high service quality, and reported a core express average selling price decrease of 11 cents due to incentives.
- In the first quarter of 2025, revenues increased by 9.4% to RMB 10.9 billion , net income rose sharply by 40.9% to RMB 2.0 billion , and adjusted net income saw a modest rise of 1.6%, reaching RMB 2.3 billion.
- The company reaffirmed its 2025 parcel volume forecast of 40.8 to 42.2 billion parcels, indicating expected 20% to 24% year-over-year growth amid ongoing market challenges.
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Eastern ProgressWeibo Announces First Quarter 2025 Unaudited Financial Results
BEIJING, May 21, 2025 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (Nasdaq: WB and HKEX: 9898), a leading social media in China, today announced its unaudited financial results for the first quarter ended March 31, 2025.
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Tuya Reports First Quarter 2025 Unaudited Financial Results
SANTA CLARA, Calif., May 20, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading cloud platform service provider, today announced its unaudited financial results for the first quarter ended March 31, 2025.
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