ZTO Express (Cayman) Inc. (ZTO) Financial Statements

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ZTO Express (Cayman) financial statements at a glance

ZTO Express (Cayman) reported revenue of 44.28 billion CNY for fiscal year 2024 (ended December 31, 2024), up 15.3% from fiscal year 2023. Net income was 8.97 billion CNY, a net margin of 20.3%, and diluted earnings per share were 10.70 CNY.

At the end of fiscal year 2024 it had total assets of 92.34 billion CNY, total liabilities of 29.67 billion CNY and shareholders' equity of 62.06 billion CNY, with cash and short-term investments of 22.31 billion CNY and total debt of 17.35 billion CNY.

Its operations brought in 11.43 billion CNY of cash; capital spending was 5.90 billion CNY, leaving free cash flow of 5.53 billion CNY.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in CNY; latest fiscal year ended December 31, 2024.

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ZTO Express (Cayman) Inc.

ZTOChina
Manufacturing and Production
CNY (Local)

Income Statement

Annual • CNY

Basic EPS
11.38
Prev Year: 10.95
YoY: +3.9%
Total Revenue
-
Prev Year: 44.28B
Diluted EPS
11.19
Prev Year: 10.7
YoY: +4.6%
Cost of Revenue
-
Prev Year: 30.56B
Weighted Average Shares (basic)
797.63M
Prev Year: 804.88M
YoY: -0.9%
Gross Profit
-
Prev Year: 13.72B
Weighted Average Shares (diluted)
820.80M
Prev Year: 838.44M
YoY: -2.1%
Operating Expense
-
Prev Year: 1.94B
Values in CNY

ZTO Express (Cayman) key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue–44.3B CNY38.4B CNY35.4B CNY30.4B CNY
Gross profit–13.7B CNY11.7B CNY9.0B CNY6.6B CNY
Operating income–11.8B CNY10.0B CNY7.7B CNY5.5B CNY
Net income–9.0B CNY8.9B CNY6.9B CNY4.8B CNY
Diluted EPS11.19 CNY10.70 CNY10.60 CNY8.36 CNY5.80 CNY
Total assets–92.3B CNY88.5B CNY78.5B CNY62.8B CNY
Total liabilities–29.7B CNY28.2B CNY24.1B CNY13.8B CNY
Shareholders' equity–62.1B CNY59.8B CNY54.0B CNY48.6B CNY
Cash and short-term investments–22.3B CNY19.8B CNY17.4B CNY12.6B CNY
Total debt–17.3B CNY15.4B CNY13.1B CNY4.4B CNY
Operating cash flow–11.4B CNY13.4B CNY11.5B CNY7.2B CNY
Capital spending–5.9B CNY6.7B CNY7.4B CNY9.3B CNY
Free cash flow–5.5B CNY6.7B CNY4.1B CNY-2.1B CNY

In CNY. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was ZTO Express (Cayman)'s revenue in fiscal year 2024?

44.28 billion CNY, up 15.3% from 38.42 billion CNY in fiscal year 2023.

How much profit does ZTO Express (Cayman) make?

ZTO Express (Cayman) reported net income of 8.97 billion CNY for fiscal year 2024 (20.3% of revenue); operating income was 11.78 billion CNY.

How much cash and debt does ZTO Express (Cayman) have?

At the end of fiscal year 2024: cash and short-term investments of 22.31 billion CNY and total debt of 17.35 billion CNY.

What is ZTO Express (Cayman)'s free cash flow?

5.53 billion CNY in fiscal year 2024 (operating cash flow of 11.43 billion CNY minus capital spending of 5.90 billion CNY).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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