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ZTO Express

ZTO Express (Cayman) is the listed holding company for a China parcel network operated through subsidiaries and contractual VIE arrangements.

Overview

ZTO Express (Cayman) is a Cayman Islands holding company associated with an express parcel delivery network in China. Its network combines parcel sorting and line-haul transportation with pickup and delivery services provided by network partners. The group conducts business through subsidiaries and contractual arrangements with ZTO Express, a Chinese variable interest entity in which the listed holding company has no direct equity ownership. Those arrangements support consolidation of the operating entity's financial results under U.S. GAAP. For fiscal 2025, ended December 31, 2025, it reported US-dollar equivalents of approximately $7.021 billion in revenue and $13.016 billion in total assets at year-end.

Company overview

Legal name
ZTO Express (Cayman) Inc.
Classification
Public company
Incorporated in
Cayman Islands
SEC CIK
0001677250
LEI
549300SCJPK3YZJTJR78

Financials

Annual figures as originally reported. Currency is shown for each fiscal year; B means billion and M means million.

Fiscal yearPeriod endRevenueNet incomeTotal assetsCash and equivalentsOperating cash flow
FY2025USD$7.0B$1.3B$13.0B$1.4B$1.7B
FY2024USD$6.1B$1.2B$12.7B$1.8B$1.6B
FY2023USD$5.4B$1.2B$12.5B$1.7B$1.9B
FY2022USD$5.1B$987.2M$11.4B$1.7B$1.7B

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