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Security

ZTOEF · ZTO Express (Cayman) Inc.

ZTOEFOTCCommon stockCurrentCIK 1677250Updated Sep 25, 2026

Company: ZTO Express (Cayman) Inc. →

ZTOEF price & chart

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Financials

FY 2025 · USD
Revenue— · FY 2025
Net income1,298,518,000USD · FY 2025
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

Operating income1,497,886,000USD · FY 2025
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

Diluted EPS1.6USD per share · FY 2025
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

Some figures are unavailable for this reporting year.

balance sheet · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
ASSETS
AssetsUSD13,016,257,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

12,650,573,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

12,460,066,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

11,384,851,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Property, Plant and Equipment, NetUSD5,066,924,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

4,646,386,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

4,532,603,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

4,177,522,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

GoodwillUSD594,459,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

581,089,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

597,409,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

614,966,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Intangible Assets, Net (Excluding Goodwill)USD7,544,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

2,335,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

3,273,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

4,268,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Current assets:
Cash and Cash Equivalents, at Carrying ValueUSD1,431,630,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

1,844,758,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

1,737,191,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

1,695,293,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Accounts Receivable, after Allowance for Credit Loss, CurrentUSD184,106,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

206,007,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

80,643,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

118,739,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Inventory, NetUSD5,813,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

5,284,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

3,954,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

5,877,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Assets, CurrentUSD4,856,887,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

4,158,444,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

3,796,327,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

3,548,546,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Prepaid Expense and Other Assets, CurrentUSD729,719,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

593,162,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

531,328,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

456,182,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Operating Lease, Right-of-Use AssetUSD56,925,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

77,585,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

94,676,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

117,222,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Other Assets, NoncurrentUSD134,272,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

125,948,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

98,841,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

118,431,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

LIABILITIES AND EQUITY
LiabilitiesUSD3,415,877,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

4,064,156,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

3,969,748,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

3,487,086,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Stockholders’ equity:
Common Stock, Value, IssuedUSD73,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

72,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

74,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

77,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Retained Earnings (Accumulated Deficit)USD6,137,316,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

5,356,480,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

5,112,915,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

4,271,225,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Accumulated Other Comprehensive Income (Loss), Net of TaxUSD-40,220,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

-40,373,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

-26,862,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

-12,566,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Stockholders' Equity Attributable to ParentUSD9,492,833,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

8,502,513,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

8,422,900,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

7,833,403,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Additional Paid in Capital, Common StockUSD3,432,054,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

3,341,403,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

3,408,744,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

3,873,706,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Liabilities and EquityUSD13,016,257,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

12,650,573,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

12,460,066,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

11,384,851,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Current liabilities:
Liabilities, CurrentUSD3,270,242,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

3,873,417,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

2,825,559,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

2,378,550,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Operating Lease, Liability, CurrentUSD19,989,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

25,122,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

26,233,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

33,306,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Operating Lease, Liability, NoncurrentUSD37,359,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

51,747,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

64,209,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

73,994,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Deferred Income Tax Liabilities, NetUSD87,954,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

138,992,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

89,889,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

50,234,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Stockholders' Equity Attributable to Noncontrolling InterestUSD107,547,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

83,904,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

67,418,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

64,362,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Additional Financial Items
Accrued Liabilities, CurrentCNY———345,468,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Dividends Payable, CurrentUSD2,811,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

1,936,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

218,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

217,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Short-term InvestmentsUSD2,233,758,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

1,212,232,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

1,049,963,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

834,177,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Lines labelled “Derived” are calculated from reported figures.

cash flow · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD1,320,684,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

1,217,595,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

1,233,040,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

965,458,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, Depletion and AmortizationUSD483,259,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

414,205,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

404,965,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

387,193,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Share-based Payment Arrangement, Noncash ExpenseUSD32,782,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

43,661,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

35,913,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

25,950,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Changes in operating assets and liabilities:
Increase (Decrease) in Accounts ReceivableUSD-32,753,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

128,986,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

-34,425,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

2,157,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Increase (Decrease) in InventoriesUSD297,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

1,438,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

-1,755,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

-4,199,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Deferred Income Tax Expense (Benefit)USD-76,679,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

40,078,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

22,223,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

35,466,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Net Cash Provided by (Used in) Operating ActivitiesUSD1,711,461,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

1,565,826,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

1,881,851,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

1,664,343,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Cash flows from investing activities:
Payments to Acquire Businesses, Net of Cash AcquiredUSD12,431,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

———
Net Cash Provided by (Used in) Investing ActivitiesUSD-690,267,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

-819,356,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

-1,725,762,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

-2,325,855,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Payments to Acquire Property, Plant, and EquipmentUSD745,632,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

713,514,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

919,567,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

1,024,727,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Cash flows from financing activities:
Payments for Repurchase of Common StockUSD179,140,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

158,573,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

141,756,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

12,258,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Net Cash Provided by (Used in) Financing ActivitiesUSD-1,511,090,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

-684,337,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

-108,429,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

1,023,343,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Payments of Ordinary Dividends, Common StockUSD537,022,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

———
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD-498,239,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

65,710,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

63,131,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

410,852,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD1,436,661,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

1,853,732,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

1,838,238,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

1,827,276,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD37,311,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

40,500,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

35,079,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

25,729,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Additional Financial Items
Amortization of Debt Issuance CostsUSD4,091,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

5,825,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

5,701,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

1,832,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Debt and Equity Securities, Unrealized Gain (Loss)CNY136,752,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

127,489,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

186,914,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

70,437,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

DepreciationCNY3,224,811,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

2,882,579,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

2,740,819,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

2,540,899,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Dividends Payable, CurrentUSD2,811,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

1,936,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

218,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

217,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Equity Method Investment, Other than Temporary ImpairmentCNY0
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

0
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

0
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

4,559,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountCNY0
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

931,367,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

0
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

21,769,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Foreign Currency Transaction Gain (Loss), before TaxUSD221,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

-2,456,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

13,175,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

21,350,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Gain (Loss) on Disposition of Property Plant EquipmentUSD-10,203,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

-20,879,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

-1,431,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

-6,019,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

GoodwillUSD594,459,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

As of 2025-12-31

581,089,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

As of 2024-12-31

597,409,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

As of 2023-12-31

614,966,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

As of 2022-12-31

Goodwill, Impairment LossUSD12,073,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

0
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

0
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

0
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Income (Loss) from Equity Method InvestmentsUSD12,497,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

7,865,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

614,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

847,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Income Tax Expense (Benefit)USD272,445,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

389,813,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

273,046,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

236,811,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

InterestExpenseNonoperatingUSD35,551,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

46,295,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

——
Investment Income, InterestCNY528,721,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

656,888,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

399,689,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

209,061,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Net Income (Loss) Attributable to ParentUSD1,298,518,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

1,207,901,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

1,232,272,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

987,219,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Net Income (Loss) Attributable to Noncontrolling InterestUSD22,166,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

9,694,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

768,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

-21,761,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Net Income (Loss) Available to Common Stockholders, BasicCNY9,080,651,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

8,816,835,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

8,749,004,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

6,809,056,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Operating ExpensesUSD256,907,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

265,811,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

233,046,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

188,888,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Operating Lease, ExpenseCNY———370,385,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Proceeds from Issuance of Long-term DebtUSD30,888,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

———
Proceeds from Noncontrolling InterestsUSD1,300,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

2,787,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

2,725,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

40,009,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Financing Receivable, Credit Loss, Expense (Reversal)CNY52,359,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

36,926,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

50,940,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

35,515,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Revenue from Contract with Customer, Including Assessed TaxUSD7,021,016,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

6,066,434,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

5,411,191,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

5,129,182,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Lines labelled “Derived” are calculated from reported figures.

income statement · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
Cost of Goods and Services Sold————
Selling, General and Administrative ExpenseUSD377,166,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

368,531,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

341,590,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

301,191,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Operating Income (Loss)USD1,497,886,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

1,613,423,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

1,409,586,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

1,121,683,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Income Tax Expense (Benefit)USD272,445,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

389,813,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

273,046,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

236,811,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Net Income (Loss) Attributable to Noncontrolling InterestUSD22,166,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

9,694,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

768,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

-21,761,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Net Income (Loss) Attributable to ParentUSD1,298,518,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

1,207,901,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

1,232,272,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

987,219,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Earnings Per Share, BasicUSD per share1.63
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

1.5
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

1.53
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

1.22
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Earnings Per Share, DilutedUSD per share1.6
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

1.47
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

1.49
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

1.21
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Total Revenue————
Weighted Average Number of Shares Outstanding, Basicshares797,634,860
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

804,875,816
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

807,739,616
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

809,442,862
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Weighted Average Number of Shares Outstanding, Dilutedshares820,802,763
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

838,441,916
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

838,948,683
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

820,273,531
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Interest Expense (non-operating)USD35,551,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

46,295,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

——
Additional Financial Items
Current Income Tax Expense (Benefit)CNY2,441,463,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

2,552,819,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

1,780,818,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

1,388,714,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Debt and Equity Securities, Unrealized Gain (Loss)CNY136,752,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

127,489,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

186,914,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

70,437,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountCNY0
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

931,367,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

0
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

21,769,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Foreign Currency Transaction Gain (Loss), before TaxUSD221,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

-2,456,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

13,175,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

21,350,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Goodwill, Impairment LossUSD12,073,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

0
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

0
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

0
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Gross ProfitUSD1,754,793,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

1,879,234,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

1,642,632,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

1,310,571,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Income (Loss) from Equity Method InvestmentsUSD12,497,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

7,865,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

614,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

847,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Interest ExpenseUSD——40,780,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

27,623,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Investment Income, InterestCNY528,721,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

656,888,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

399,689,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

209,061,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Net Income (Loss) Available to Common Stockholders, BasicCNY9,080,651,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

8,816,835,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

8,749,004,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

6,809,056,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Operating ExpensesUSD256,907,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

265,811,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

233,046,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

188,888,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Operating Lease, ExpenseCNY———370,385,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Revenue from Contract with Customer, Including Assessed TaxUSD7,021,016,000
Source

20-F · 2026-04-17 · 0001104659-26-044613

2025-01-01 to 2025-12-31

6,066,434,000
Source

20-F · 2025-04-17 · 0001410578-25-000774

2024-01-01 to 2024-12-31

5,411,191,000
Source

20-F · 2024-04-19 · 0001104659-24-049017

2023-01-01 to 2023-12-31

5,129,182,000
Source

20-F · 2023-04-20 · 0001104659-23-047358

2022-01-01 to 2022-12-31

Lines labelled “Derived” are calculated from reported figures.

Filing attachments

tm2625905d1_ex99-1.htm · SCHEDULE 13D/A · 2026-09-22

EX-99.1 2 tm2625905d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Joint Filing Agreement In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, each of the persons named below agrees to the joint filing of this Amendment No.1 to Schedule 13D, including amendments thereto, with respect to the Class A Ordinary Shares, par value US$0.0001 per share, of ZTO Express (Cayman) Inc., an exempted company incorporated under the laws of the Cayman Islands, and fu…

SCHEDULE 13D/A · 2026-09-22 · 0001104659-26-109479

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tm2625818d1_ex99-1.htm · 6-K · 2026-09-21

EX-99.1 2 tm2625818d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FF305 Page 1 of 9 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: 15 September 2026 Sectio…

6-K · 2026-09-21 · 0001104659-26-109097

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tm2625818d1_ex99-2.htm · 6-K · 2026-09-21

EX-99.2 3 tm2625818d1_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 FF305 Page 1 of 9 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 September 2026 Sectio…

6-K · 2026-09-21 · 0001104659-26-109097

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