ZTO Express (Cayman) Inc. (ZTO)

ZTO Express Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	11,703	12,334	11,693	9,721	14,213	5,270
Short-Term Investments	11,213	7,559	5,884	2,998	3,767	11,168
Cash & Short-Term Investments	22,917	19,893	17,577	12,719	17,980	16,439
Cash Growth	35.30%	13.18%	38.19%	-29.26%	9.38%	-9.93%
Accounts Receivable	782.77	577.2	848.45	976.82	761	695.79
Other Receivables	99.21	136.27	253.19	194.12	78.67	150.47
Receivables	2,155	1,991	2,284	2,282	1,383	1,411
Inventory	27.65	28.07	40.54	82.96	53.07	43.85
Prepaid Expenses	-	102.44	119.94	133.02	111.42	80.39
Restricted Cash	32.35	686.57	895.48	27.74	133.2	7.21
Other Current Assets	5,025	4,252	3,558	3,421	2,664	2,117
Total Current Assets	30,157	26,954	24,475	18,666	22,325	20,098
Property, Plant & Equipment	34,165	32,853	29,622	25,827	19,441	13,373
Long-Term Investments	15,605	15,626	11,273	4,945	5,066	4,056
Goodwill	4,242	4,242	4,242	4,242	4,242	4,242
Other Intangible Assets	6,116	5,660	5,472	5,371	4,403	2,557
Long-Term Deferred Tax Assets	711.37	879.77	750.1	934.85	720.56	403.59
Other Long-Term Assets	520.83	701.76	816.84	762.27	537.29	612.19
Total Assets	93,320	88,465	78,524	62,772	59,205	45,891
Accounts Payable	2,267	2,611	2,452	2,155	1,979	1,492
Accrued Expenses	-	1,596	1,525	1,437	1,184	944.62
Short-Term Debt	10,770	7,766	5,394	3,459	1,433	-
Current Portion of Leases	166.39	186.25	229.72	251	246.39	298.73
Current Income Taxes Payable	316.26	333.26	228.42	86.79	48.63	80.27
Current Unearned Revenue	1,663	1,746	1,375	1,227	1,120	1,211
Other Current Liabilities	9,121	5,823	5,201	4,381	3,337	2,654
Total Current Liabilities	31,283	20,061	16,405	12,996	9,348	6,681
Long-Term Debt	-	7,030	6,789	-	-	-
Long-Term Leases	374.06	455.88	510.35	556.09	502.48	504.44
Long-Term Deferred Tax Liabilities	541.12	638.2	346.47	292.36	254.99	207.9
Other Long-Term Liabilities	-	-	-	-	-	93.82
Total Liabilities	32,198	28,185	24,051	13,845	10,105	7,487
Common Stock	0.52	0.53	0.54	0.54	0.55	0.52
Additional Paid-In Capital	24,383	24,202	26,718	28,229	30,614	22,337
Retained Earnings	36,716	36,301	29,459	22,717	21,039	16,727
Treasury Stock	-337.54	-510.99	-2,063	-2,067	-2,579	-1,437
Comprehensive Income & Other	-170.59	-190.72	-86.67	-242.1	-95.57	675.72
Total Common Equity	60,591	59,802	54,029	48,637	48,979	38,303
Minority Interest	530.68	478.66	443.92	290.33	120.89	100.79
Shareholders' Equity	61,122	60,280	54,472	48,928	49,100	38,403
Total Liabilities & Equity	93,320	88,465	78,524	62,772	59,205	45,891
Total Debt	18,290	15,438	12,923	4,266	2,182	803.17
Net Cash (Debt)	4,627	4,455	4,654	8,454	15,798	15,636
Net Cash Growth	-	-4.26%	-44.95%	-46.49%	1.04%	-14.33%
Net Cash Per Share	5.52	5.31	5.67	10.31	19.84	19.93
Filing Date Shares Outstanding	804.14	804.72	808.09	809.73	827.13	783.89
Total Common Shares Outstanding	804.14	804.72	809.25	808.45	828.87	781.95
Working Capital	-1,126	6,892	8,070	5,670	12,977	13,417
Book Value Per Share	75.35	74.31	66.76	60.16	59.09	48.98
Tangible Book Value	50,234	49,900	44,315	39,025	40,335	31,504
Tangible Book Value Per Share	62.47	62.01	54.76	48.27	48.66	40.29
Buildings	-	21,732	14,996	11,728	6,940	5,594
Machinery	-	15,428	14,281	13,329	11,266	7,609
Construction In Progress	-	4,930	7,373	5,572	4,313	1,686
Leasehold Improvements	-	1,085	923.29	769.22	599.3	432.24

Source: S&P Capital IQ. Standard template. Financial Sources.