According to the Hong Kong Economic Daily, China Express plans to offer shares in Hong Kong tomorrow. According to the company’s IPO information, the company passed the hearing on September 11. According to the company’s equity structure, Alibaba holds 8.7% of shares, the second largest shareholder, with 2.6% voting rights. Lai Meisong, chairman and chief executive officer of the company, holds 27.3% of the shares and 78.4% of the voting rights. < p > < p > on August 13, 2020, China Express (NYSE: ZTO) released its second quarter performance in 2020. In the second quarter of 2020, the operating revenue of Zhongtong express was 6.4 billion yuan, with a year-on-year increase of 18.0%. Among them, the express service revenue was 5.54 billion yuan, up 16.0% year-on-year; the direct customer business income was 970 million yuan, with a year-on-year increase of 48.6%. The net profit was 1.453.6 billion yuan, up 6.5% year on year; the adjusted net profit was 1.45 billion yuan, up 5.6% over the same period of last year. In terms of business, in the second quarter of 2020, Zhongtong express completed 4.6 billion pieces of business, with a year-on-year increase of 47.9%, and its market share increased by 1.6% to 21.5%. The operating cost in the second quarter was 4.63 billion yuan, up 26.8% year on year. After deducting the impact of cross-border business, the single ticket cost was 0.92 yuan, 14.0% lower than the same period of last year. Among them, the transportation cost increased by 17.7% to 2.0 billion yuan. The transportation cost of single ticket was 0.43 yuan, down 0.12 yuan compared with the same period of last year. The reduction in transportation costs in the second quarter was mainly due to the toll free policy for expressways from mid February to early May, the drop in oil prices, the continuous expansion of the company’s own fleet and the increased use of high capacity tractors. As of June 30, 2020, the total amount of cash and cash equivalents, restricted cash and long-term and short-term financial management of Zhongtong is 15.09 billion yuan. From the perspective of operation, as of June 30, 2020, the company has about 30000 outlets nationwide, including more than 5000 direct network partners. Chinese version of K-car: reading a10e design drawing exposure