10 Cheap Chinese Stocks to Buy Now

7. ZTO Express (Cayman) Inc. (NYSE:ZTO)

Forward P/E Ratio: 12.22

Earnings Growth This Year: 12.59%

Number of Hedge Fund Holders: 23

ZTO Express (Cayman) Inc. (NYSE:ZTO) is a Chinese company, specializing in providing fast and efficient delivery services across China and beyond. It operates through Express Delivery Services and Logistic Services, which helps move packages quickly from one place to another, using a large network of sorting centers and transportation routes. It operates both within China and in international markets through partnerships.

In its fiscal third quarter of 2024, the company grew its revenue by 17.6% to RMB 10.68 billion and gross profits by 23.2% to reach RMB 3.34 billion. The growth was driven by increased parcel volumes, which grew by 15.9% year-over-year to reach 8,723 million parcels. During the quarter, ZTO Express (Cayman) Inc. (NYSE:ZTO) maintained over 31,000 pickup and delivery outlets and more than 6,000 direct network partners. Looking ahead, it aims to preserve its leadership in volume and market share while enhancing service quality and profitability. Management projects parcel volume growth between 11.6% and 12.3% for 2024, reflecting strategic adjustments to market dynamics. It is one of the best cheap Chinese stocks to buy now.