ZTO Express (Cayman) Inc.

ZTO · XNYS

CIK 1677250fmd_050JJ655NCY4NFBR1BX624QTA7Transportation, Communications, Electric, Gas and Sanitary Services · Trucking & Courier Services (No Air)Template: Standard

Coverage: Jan 01, 2014 to Dec 31, 2025, 12 periods

Income Statement · Annual · Millions · CNY
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	9,789	13,060	17,604	22,110	25,214	30,406	35,377	38,419	44,281	49,099
Cost of revenue	6,346	8,714	12,240	15,489	19,377	23,816	26,338	26,756	30,564	36,827
Gross profit	3,443	4,346	5,365	6,621	5,837	6,589	9,039	11,663	13,717	12,271
Provision for credit losses	–	–	4	19	21	20	36	51	37	52
Selling, general and administrative	706	781	1,211	1,546	1,664	1,876	2,077	2,425	2,690	2,638
Total operating expenses	674	597	1,033	1,158	1,083	1,086	1,303	1,655	1,940	1,797
Operating income	2,769	3,748	4,332	5,463	4,754	5,503	7,736	10,008	11,777	10,475
Interest expense	13	16	1	–	35	127	191	290	338	249
Interest and investment income	–	74	307	433	330	213	209	400	657	529
Income before taxes	2,820	3,821	5,336	6,757	5,035	5,739	8,286	10,689	11,676	11,054
Income tax expense	732	646	929	1,078	690	1,005	1,633	1,939	2,845	1,905
Net income from continuing operations	2,088	3,175	4,407	5,679	4,345	4,734	6,653	8,750	8,830	9,148
Net income	2,054	3,160	4,383	5,674	4,312	4,755	6,809	8,749	8,817	9,081
Net income to common shareholders	1,848	3,160	4,383	–	4,312	4,755	6,809	8,749	8,817	9,081