Security
ZTO Express (Cayman) Inc. American Depositary Shares, each representing one Class A ordinary share · ZTO
ZTONYSEotherCurrentCIK 1677250Updated Nov 3, 2026
ZTO price & chart
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NYSE:ZTO on TradingView ↗About the company
ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK:2057) (“ZTO” or the “Company”) is a leading and fast-growing express delivery company in China. ZTO provides express delivery service as well as other value-added logistics services through its extensive and reliable nationwide network coverage in China. ZTO operates a highly scalable network partner model, which the Company believes is best suited to support the significant growth of e-commerce in China. The Company leverages its network partners to provide pickup and last-mile delivery services, while controlling the mission-critical line-haul transportation and sorting network within the express delivery service value chain.
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 13,016,257,000Source | 12,650,573,000Source | 12,460,066,000Source | 11,384,851,000Source |
| Property, Plant and Equipment, NetUSD | 5,066,924,000Source | 4,646,386,000Source | 4,532,603,000Source | 4,177,522,000Source |
| GoodwillUSD | 594,459,000Source | 581,089,000Source | 597,409,000Source | 614,966,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 7,544,000Source | 2,335,000Source | 3,273,000Source | 4,268,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,431,630,000Source | 1,844,758,000Source | 1,737,191,000Source | 1,695,293,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 184,106,000Source | 206,007,000Source | 80,643,000Source | 118,739,000Source |
| Inventory, NetUSD | 5,813,000Source | 5,284,000Source | 3,954,000Source | 5,877,000Source |
| Assets, CurrentUSD | 4,856,887,000Source | 4,158,444,000Source | 3,796,327,000Source | 3,548,546,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 729,719,000Source | 593,162,000Source | 531,328,000Source | 456,182,000Source |
| Operating Lease, Right-of-Use AssetUSD | 56,925,000Source | 77,585,000Source | 94,676,000Source | 117,222,000Source |
| Other Assets, NoncurrentUSD | 134,272,000Source | 125,948,000Source | 98,841,000Source | 118,431,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 3,415,877,000Source | 4,064,156,000Source | 3,969,748,000Source | 3,487,086,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 73,000Source | 72,000Source | 74,000Source | 77,000Source |
| Retained Earnings (Accumulated Deficit)USD | 6,137,316,000Source | 5,356,480,000Source | 5,112,915,000Source | 4,271,225,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -40,220,000Source | -40,373,000Source | -26,862,000Source | -12,566,000Source |
| Stockholders' Equity Attributable to ParentUSD | 9,492,833,000Source | 8,502,513,000Source | 8,422,900,000Source | 7,833,403,000Source |
| Additional Paid in Capital, Common StockUSD | 3,432,054,000Source | 3,341,403,000Source | 3,408,744,000Source | 3,873,706,000Source |
| Liabilities and EquityUSD | 13,016,257,000Source | 12,650,573,000Source | 12,460,066,000Source | 11,384,851,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 3,270,242,000Source | 3,873,417,000Source | 2,825,559,000Source | 2,378,550,000Source |
| Operating Lease, Liability, CurrentUSD | 19,989,000Source | 25,122,000Source | 26,233,000Source | 33,306,000Source |
| Operating Lease, Liability, NoncurrentUSD | 37,359,000Source | 51,747,000Source | 64,209,000Source | 73,994,000Source |
| Deferred Income Tax Liabilities, NetUSD | 87,954,000Source | 138,992,000Source | 89,889,000Source | 50,234,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 107,547,000Source | 83,904,000Source | 67,418,000Source | 64,362,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentCNY | — | — | — | 345,468,000Source |
| Dividends Payable, CurrentUSD | 2,811,000Source | 1,936,000Source | 218,000Source | 217,000Source |
| Short-term InvestmentsUSD | 2,233,758,000Source | 1,212,232,000Source | 1,049,963,000Source | 834,177,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 1,320,684,000Source | 1,217,595,000Source | 1,233,040,000Source | 965,458,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 483,259,000Source | 414,205,000Source | 404,965,000Source | 387,193,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 32,782,000Source | 43,661,000Source | 35,913,000Source | 25,950,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -32,753,000Source | 128,986,000Source | -34,425,000Source | 2,157,000Source |
| Increase (Decrease) in InventoriesUSD | 297,000Source | 1,438,000Source | -1,755,000Source | -4,199,000Source |
| Deferred Income Tax Expense (Benefit)USD | -76,679,000Source | 40,078,000Source | 22,223,000Source | 35,466,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 1,711,461,000Source | 1,565,826,000Source | 1,881,851,000Source | 1,664,343,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 12,431,000Source | — | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -690,267,000Source | -819,356,000Source | -1,725,762,000Source | -2,325,855,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 745,632,000Source | 713,514,000Source | 919,567,000Source | 1,024,727,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 179,140,000Source | 158,573,000Source | 141,756,000Source | 12,258,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -1,511,090,000Source | -684,337,000Source | -108,429,000Source | 1,023,343,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 537,022,000Source | 767,944,000Source | 291,907,000Source | 191,847,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -498,239,000Source | 65,710,000Source | 63,131,000Source | 410,852,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,436,661,000Source | 1,853,732,000Source | 1,838,238,000Source | 1,827,276,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 37,311,000Source | 40,500,000Source | 35,079,000Source | 25,729,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 4,091,000Source | 5,825,000Source | 5,701,000Source | 1,832,000Source |
| Debt and Equity Securities, Unrealized Gain (Loss)CNY | 136,752,000Source | 127,489,000Source | 186,914,000Source | 70,437,000Source |
| DepreciationCNY | 3,224,811,000Source | 2,882,579,000Source | 2,740,819,000Source | 2,540,899,000Source |
| Dividends Payable, CurrentUSD | 2,811,000Source | 1,936,000Source | 218,000Source | 217,000Source |
| Equity Method Investment, Other than Temporary ImpairmentCNY | 0Source | 0Source | 0Source | 4,559,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountCNY | 0Source | 931,367,000Source | 0Source | 21,769,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 221,000Source | -2,456,000Source | 13,175,000Source | 21,350,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -10,203,000Source | -20,879,000Source | -1,431,000Source | -6,019,000Source |
| GoodwillUSD | 594,459,000Source | 581,089,000Source | 597,409,000Source | 614,966,000Source |
| Goodwill, Impairment LossUSD | 12,073,000Source | 0Source | 0Source | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | 12,497,000Source | 7,865,000Source | 614,000Source | 847,000Source |
| Income Tax Expense (Benefit)USD | 272,445,000Source | 389,813,000Source | 273,046,000Source | 236,811,000Source |
| InterestExpenseNonoperatingUSD | 35,551,000Source | 46,295,000Source | — | — |
| Investment Income, InterestCNY | 528,721,000Source | 656,888,000Source | 399,689,000Source | 209,061,000Source |
| Net Income (Loss) Attributable to ParentUSD | 1,298,518,000Source | 1,207,901,000Source | 1,232,272,000Source | 987,219,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 22,166,000Source | 9,694,000Source | 768,000Source | -21,761,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicCNY | 9,080,651,000Source | 8,816,835,000Source | 8,749,004,000Source | 6,809,056,000Source |
| Operating ExpensesUSD | 256,907,000Source | 265,811,000Source | 233,046,000Source | 188,888,000Source |
| Operating Lease, ExpenseCNY | — | — | — | 370,385,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 30,888,000Source | — | — | — |
| Proceeds from Noncontrolling InterestsUSD | 1,300,000Source | 2,787,000Source | 2,725,000Source | 40,009,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)CNY | 52,359,000Source | 36,926,000Source | 50,940,000Source | 35,515,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 7,021,016,000Source | 6,066,434,000Source | 5,411,191,000Source | 5,129,182,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cost of Goods and Services Sold | —Source | —Source | —Source | —Source |
| Selling, General and Administrative ExpenseUSD | 377,166,000Source | 368,531,000Source | 341,590,000Source | 301,191,000Source |
| Operating Income (Loss)USD | 1,497,886,000Source | 1,613,423,000Source | 1,409,586,000Source | 1,121,683,000Source |
| Income Tax Expense (Benefit)USD | 272,445,000Source | 389,813,000Source | 273,046,000Source | 236,811,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 22,166,000Source | 9,694,000Source | 768,000Source | -21,761,000Source |
| Net Income (Loss) Attributable to ParentUSD | 1,298,518,000Source | 1,207,901,000Source | 1,232,272,000Source | 987,219,000Source |
| Earnings Per Share, BasicUSD per share | 1.63Source | 1.5Source | 1.53Source | 1.22Source |
| Earnings Per Share, DilutedUSD per share | 1.6Source | 1.47Source | 1.49Source | 1.21Source |
| Total Revenue | — | — | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 797,634,860Source | 804,875,816Source | 807,739,616Source | 809,442,862Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 820,802,763Source | 838,441,916Source | 838,948,683Source | 820,273,531Source |
| Interest Expense (non-operating)USD | 35,551,000Source | 46,295,000Source | — | — |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)CNY | 2,441,463,000Source | 2,552,819,000Source | 1,780,818,000Source | 1,388,714,000Source |
| Debt and Equity Securities, Unrealized Gain (Loss)CNY | 136,752,000Source | 127,489,000Source | 186,914,000Source | 70,437,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountCNY | 0Source | 931,367,000Source | 0Source | 21,769,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 221,000Source | -2,456,000Source | 13,175,000Source | 21,350,000Source |
| Goodwill, Impairment LossUSD | 12,073,000Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | 1,754,793,000Source | 1,879,234,000Source | 1,642,632,000Source | 1,310,571,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 12,497,000Source | 7,865,000Source | 614,000Source | 847,000Source |
| Interest ExpenseUSD | — | — | 40,780,000Source | 27,623,000Source |
| Investment Income, InterestCNY | 528,721,000Source | 656,888,000Source | 399,689,000Source | 209,061,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicCNY | 9,080,651,000Source | 8,816,835,000Source | 8,749,004,000Source | 6,809,056,000Source |
| Operating ExpensesUSD | 256,907,000Source | 265,811,000Source | 233,046,000Source | 188,888,000Source |
| Operating Lease, ExpenseCNY | — | — | — | 370,385,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 7,021,016,000Source | 6,066,434,000Source | 5,411,191,000Source | 5,129,182,000Source |
Filing attachments
tm2628726d1_ex99-1.htm · 6-K · 2026-11-02
Exhibit 99.1 FF305 Page 1 of 12 v 1.3.0 Next Day Disclosure Return (Equity issuer - changes in issued shares or treasury shares, share buybacks and/or on-market sales of treasury shares) Instrument: Equity issuer Status: New Submission Name of Issuer: ZTO Express (Cayman) Inc. (A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability) Date Submitted: 27 October 2026 Section I must be completed by a listed issuer where ther…
Read attachment ↗tm2628726d1_ex99-2.htm · 6-K · 2026-11-02
Exhibit 99.2 FF305 Page 1 of 12 v 1.3.0 Next Day Disclosure Return (Equity issuer - changes in issued shares or treasury shares, share buybacks and/or on-market sales of treasury shares) Instrument: Equity issuer Status: New Submission Name of Issuer: ZTO Express (Cayman) Inc. (A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability) Date Submitted: 28 October 2026 Section I must be completed by a listed issuer where ther…
Read attachment ↗tm2628263d1_ex99d1.htm · 6-K · 2026-10-26
Exhibit 99.1 FF305 Page 1 of 12 v 1.3.0 Next Day Disclosure Return (Equity issuer - changes in issued shares or treasury shares, share buybacks and/or on-market sales of treasury shares) Instrument: Equity issuer Status: New Submission Name of Issuer: ZTO Express (Cayman) Inc. (A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability) Date Submitted: 22 October 2026 Section I must be completed by a listed issuer where ther…
Read attachment ↗tm2628263d1_ex99d2.htm · 6-K · 2026-10-26
Exhibit 99.2 FF305 Page 1 of 12 v 1.3.0 Next Day Disclosure Return (Equity issuer - changes in issued shares or treasury shares, share buybacks and/or on-market sales of treasury shares) Instrument: Equity issuer Status: New Submission Name of Issuer: ZTO Express (Cayman) Inc. (A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability) Date Submitted: 23 October 2026 Section I must be completed by a listed issuer where ther…
Read attachment ↗tm2627807d1_ex99-1.htm · 6-K · 2026-10-20
Exhibit 99.1 FF305 Page 1 of 11 v 1.3.0 Next Day Disclosure Return (Equity issuer - changes in issued shares or treasury shares, share buybacks and/or on-market sales of treasury shares) Instrument: Equity issuer Status: New Submission Name of Issuer: ZTO Express (Cayman) Inc. (A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability) Date Submitted: 16 October 2026 Section I must be completed by a listed issuer where ther…
Read attachment ↗tm2627652d1_ex99-1.htm · 6-K · 2026-10-16
Exhibit 99.1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Under our weighted voting rights structure, our share capital comprises Class A ordinary shares and Class B ordinary…
Read attachment ↗