ZTO Express stock hits new high, with share buybacks and favorable industry policies as main drivers

Cainiao Network’s Zhongtong Express-W (02057.HK) stock price performed strongly on February 11, 2026, closing at HKD 193.80, reaching a new high for the period. The stock price increase was mainly related to the company’s ongoing share repurchases, improved industry policy environment, solid fundamentals, and market sentiment.

Recent Stock Performance

On February 10, 2026, the company repurchased shares worth approximately USD 15.012 million and disclosed the details the next day. Continuous share buybacks signal the company’s confidence in its value and help support the stock price.

Industry Policies and Environment

Recently, seven departments including the Ministry of Human Resources and Social Security issued administrative guidance on employment for platform companies, including courier firms, emphasizing the protection of rights for workers in new employment forms. Such policies help shift the industry focus from “price competition” to “quality competition,” improve overall profitability expectations, and benefit leading courier companies.

Company Fundamentals

According to institutional analysis, Zhongtong Express maintained business growth in the third quarter of 2025, with strong performance in parcel volume. Meanwhile, the trend of “reducing internal competition” has driven month-over-month improvements in per-ticket profitability. Market recognition of the industry’s improved competitive landscape and the company’s leading position may have driven capital inflows.

Sector Changes

On February 11, the Hong Kong stock aviation logistics sector rose overall, with the Hang Seng Index also closing higher. The positive market sentiment contributed to a rally in individual stocks.

The above content is compiled from publicly available information and does not constitute investment advice.