ZTO Express (02057) saw its stock price surge by 5.03% in Wednesday's trading session following the release of its impressive fourth quarter and full year 2024 financial results. The Chinese express delivery giant's performance exceeded market expectations, driving investor optimism.

The company reported robust growth across key financial metrics for Q4 2024. Revenue reached RMB 12,919.7 million, while net income stood at RMB 2,446.8 million. Adjusted net income, a closely watched figure by analysts, came in at RMB 2,733.3 million. The company's profitability remained strong, with gross profit hitting RMB 3,759.7 million and adjusted EBITDA reaching RMB 4,615.3 million.

For the full year 2024, ZTO Express demonstrated sustained growth, with adjusted net income increasing by 12.7% to RMB 10.2 billion. This performance underscores the company's ability to maintain profitability and expand its market share in China's competitive express delivery sector. With these strong results and positive momentum, investors are showing renewed confidence in ZTO Express's future prospects, as reflected in the significant stock price appreciation.