ZTO Express (Cayman) Inc. (ZTO)

ZTO Express Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	10,012	13,465	12,334	11,693	9,721
Short-Term Investments	15,621	8,848	7,455	5,753	2,845
Cash & Short-Term Investments	25,632	22,314	19,789	17,446	12,567
Cash Growth	14.87%	12.76%	13.43%	38.83%	-29.81%
Accounts Receivable	1,287	1,504	572.56	818.97	933.44
Other Receivables	1,153	1,347	1,284	1,266	1,245
Total Trade Receivables	2,440	2,850	1,856	2,085	2,179
Inventory	40.65	38.57	28.07	40.54	82.96
Other Current Assets	5,851	5,151	5,281	4,903	3,838
Total Current Assets	33,965	30,354	26,954	24,475	18,666
Net Property, Plant & Equipment	35,832	34,482	32,853	29,622	25,827
Other Intangible Assets	6,815	6,187	5,660	5,472	5,371
Goodwill	4,157	4,242	4,242	4,242	4,242
Long-Term Investments	7,173	13,889	15,626	11,273	4,945
Other Long-Term Assets	3,083	3,187	3,131	3,440	3,721
Total Assets	91,024	92,340	88,465	78,524	62,772
Accounts Payable	2,577	2,463	2,557	2,203	1,958
Accrued Expenses	279.54	488.89	333.26	228.42	86.79
Short-Term Debt	10,934	9,514	7,766	5,594	3,634
Current Portion of Long-Term Debt	-	7,270	-	6,789	-
Current Portion of Leases	139.79	183.37	186.25	229.72	251
Unearned Revenue	1,833	1,565	1,746	1,375	1,227
Other Current Liabilities	7,105	6,788	7,473	6,775	5,841
Total Current Liabilities	22,869	28,273	20,061	16,405	12,996
Long-Term Debt	142.11	-	7,030	-	-
Long-Term Leases	261.26	377.72	455.88	510.35	556.09
Other Long-Term Liabilities	615.07	1,015	638.2	346.47	292.36
Total Long-Term Liabilities	1,018	1,392	8,124	856.82	848.45
Total Liabilities	23,888	29,665	28,185	24,051	13,845
Common Stock	0.51	0.52	0.53	0.54	0.54
Treasury Stock	-254.48	-1,132	-510.99	-2,063	-2,067
Additional Paid-in Capital	24,001	24,390	24,202	26,718	28,229
Accumulated Other Comprehensive Income	-281.27	-294.69	-190.72	-86.67	-242.1
Retained Earnings	42,919	39,099	36,301	29,459	22,717
Total Common Shareholders' Equity	66,384	62,062	59,802	54,029	48,637
Minority Interest	752.08	612.44	478.66	443.92	290.33
Shareholders' Equity	67,136	62,675	60,280	54,472	48,928
Total Liabilities & Equity	91,024	92,340	88,465	78,524	62,772
Total Debt	11,478	17,345	15,438	13,123	4,441
Net Cash (Debt)	14,155	4,969	4,351	4,323	8,126
Net Cash Growth	184.88%	14.20%	0.65%	-46.80%	-47.22%
Net Cash Per Share	17.25	5.93	5.19	5.27	9.91
Book Value	66,384	62,062	59,802	54,029	48,637
Book Value Per Share	80.88	74.02	71.28	65.87	59.32
Tangible Book Value	55,412	51,634	49,900	44,315	39,025
Tangible Book Value Per Share	67.51	61.58	59.48	54.02	47.59

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q