ZTO Express (Cayman) Inc. (ZTO) — Financial statements
Income statement, balance sheet, and cash flow for ZTO Express (Cayman) Inc. — annual and quarterly history with growth and margin analysis.
| Metric (CNY Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 47,761↑7.9% | 44,281↑15.3% | 38,419↑8.6% | 35,377↑16.3% | 30,406 | |
| Cost of Revenue | 35,824↑17.2% | 30,564↑14.2% | 26,756↑1.6% | 26,338↑10.6% | 23,816 | |
| Gross Profit | 11,937↓13.0% | 13,717↑17.6% | 11,663↑29.0% | 9,039↑37.2% | 6,589 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00↓100.0% | 2,690↑10.9% | 2,425↑16.7% | 2,077↑10.7% | 1,876 | |
| Other Expenses | 2,566↑442.2% | -750↑2.7% | -771↑0.5% | -775↑1.9% | -790 | |
| Operating Expenses | 2,566↑32.2% | 1,940↑17.3% | 1,655↑27.0% | 1,303↑19.9% | 1,086 | |
| Total Costs & Expenses | 38,390↑18.1% | 32,504↑14.4% | 28,411↑2.8% | 27,641↑11.0% | 24,903 | |
| Operating Results | ||||||
| Operating Income | 9,371↓20.4% | 11,777↑17.7% | 10,008↑29.4% | 7,736↑40.6% | 5,503 | |
| Depreciation & Amortization | 3,287↑8.7% | 3,023↑5.2% | 2,875↑7.7% | 2,671↑20.2% | 2,222 | |
| EBITDA | 12,659↓15.8% | 15,037↑8.5% | 13,853↑24.3% | 11,148↑37.8% | 8,087 | |
| EBIT | 9,371↓22.0% | 12,013↑9.4% | 10,978↑29.5% | 8,477↑44.5% | 5,866 | |
| Interest & Other Income | ||||||
| Net Interest Income | 485↓26.0% | 656↑57.1% | 417↑33.2% | 313↑31.9% | 237 | |
| Interest Income | 727↓26.9% | 994↑40.6% | 707↑40.3% | 504↑38.4% | 364 | |
| Interest Expense | 242↓28.4% | 338↑16.7% | 290↑52.0% | 191↑50.6% | 127 | |
| Non-Operating Income | 0.00↑100.0% | -237↑75.6% | -970↓31.0% | -740↓104.2% | -363 | |
| Other Income / Expenses | 1,466↑3439.1% | -44↓106.4% | 685↑23.3% | 556↑172.8% | 204 | |
| Income Before Tax | 10,837↓7.6% | 11,733↑9.7% | 10,693↑29.0% | 8,292↑45.3% | 5,707 | |
| Income Tax Expense | 1,853↓34.9% | 2,845↑46.8% | 1,939↑18.7% | 1,633↑62.4% | 1,005 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 8,984↑1.1% | 8,888↑1.5% | 8,754↑31.5% | 6,659↑41.6% | 4,701 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 8,833↑0.2% | 8,817↑0.8% | 8,749↑28.5% | 6,809↑43.2% | 4,755 | |
| Bottom-Line Net Income | 8,833↓1.5% | 8,967↑0.8% | 8,894↑29.8% | 6,855↑44.2% | 4,755 | |
| EPS (Basic) | 11.05↑0.9% | 10.95↑1.1% | 10.83↑28.8% | 8.41↑45.0% | 5.80 | |
| EPS (Diluted) | 10.91↑2.0% | 10.70↑0.9% | 10.60↑26.8% | 8.36↑44.1% | 5.80 | |
| Weighted Average Shares | 798↓3.2% | 824↓0.1% | 825↑2.0% | 809↓1.3% | 820 | |
| Weighted Average Diluted Shares | 821↓2.1% | 838↓0.1% | 839↑2.3% | 820↑0.0% | 820 | |
* All figures in Millions of CNY, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.