ZTO Express (Cayman) Inc. (LON:0A33)

ZTO Express Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	46,318	44,281	38,419	35,377	30,406	25,214
Revenue Growth (YoY)	14.70%	15.26%	8.60%	16.35%	20.59%	14.04%
Cost of Revenue	33,590	30,564	26,756	26,338	23,816	19,377
Gross Profit	12,728	13,717	11,663	9,039	6,589	5,837
Selling, General & Admin	2,538	2,667	2,349	2,077	1,876	1,664
Other Operating Expenses	-1,009	-749.78	-770.65	-774.58	-789.5	-580.97
Operating Expenses	1,530	1,917	1,578	1,303	1,086	1,083
Operating Income	11,199	11,800	10,085	7,736	5,503	4,754
Interest Expense	-305.14	-337.92	-289.53	-190.52	-126.5	-35.31
Interest & Investment Income	867.56	993.54	706.77	503.72	363.89	442.7
Earnings From Equity Investments	66.93	57.41	4.36	5.84	-32.42	-18.51
Currency Exchange Gain (Loss)	-26.12	-17.93	93.54	147.25	-56.47	-127.18
Other Non Operating Income (Expenses)	138.28	202.89	164.52	46.25	52.91	-0.88
EBT Excluding Unusual Items	11,940	12,698	10,764	8,249	5,704	5,015
Gain (Loss) on Sale of Investments	-281.77	-941.89	5.49	43.27	2.36	1.09
Asset Writedown	-23.15	-23.15	-76.62	-	-	-
Pretax Income	11,551	11,733	10,693	8,292	5,707	5,016
Income Tax Expense	2,721	2,845	1,939	1,633	1,005	689.83
Earnings From Continuing Operations	8,830	8,888	8,754	6,659	4,701	4,326
Minority Interest in Earnings	-119.03	-70.76	-5.45	150.09	53.5	-14.23
Net Income	8,711	8,817	8,749	6,809	4,755	4,312
Net Income to Common	8,711	8,817	8,749	6,809	4,755	4,312
Net Income Growth	1.58%	0.78%	28.49%	43.20%	10.26%	-24.00%
Shares Outstanding (Basic)	802	805	808	809	820	796
Shares Outstanding (Diluted)	836	838	839	820	820	796
Shares Change (YoY)	-0.31%	-0.06%	2.28%	0.04%	2.99%	1.51%
EPS (Basic)	10.87	10.95	10.83	8.41	5.80	5.42
EPS (Diluted)	8.08	8.18	10.60	8.36	5.80	5.42
EPS Growth	-22.38%	-22.88%	26.87%	44.11%	7.05%	-25.08%
Free Cash Flow	4,963	6,221	6,832	4,412	-1,140	-2,287
Free Cash Flow Per Share	5.94	7.42	8.14	5.38	-1.39	-2.87
Dividend Per Share	4.715	5.109	4.396	-	-	-
Dividend Growth	-32.06%	16.22%	-	-	-	-
Gross Margin	27.48%	30.98%	30.36%	25.55%	21.67%	23.15%
Operating Margin	24.18%	26.65%	26.25%	21.87%	18.10%	18.86%
Profit Margin	18.81%	19.91%	22.77%	19.25%	15.64%	17.10%
Free Cash Flow Margin	10.71%	14.05%	17.78%	12.47%	-3.75%	-9.07%
EBITDA	14,392	14,823	12,960	10,407	7,725	6,595
EBITDA Margin	31.07%	33.48%	33.73%	29.42%	25.41%	26.16%
D&A For EBITDA	3,194	3,023	2,875	2,671	2,222	1,840
EBIT	11,199	11,800	10,085	7,736	5,503	4,754
EBIT Margin	24.18%	26.65%	26.25%	21.87%	18.10%	18.86%
Effective Tax Rate	23.56%	24.25%	18.13%	19.70%	17.62%	13.75%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.