Company / Finance

ZTO Express (Cayman) Inc.

ZTO · NYSE

ZTO Express reported 2025 revenue of CNY 49.10 billion, operating income of CNY 10.47 billion and operating cash flow of CNY 11.97 billion. The thesis turns on China parcel volume, pricing, network efficiency, cash conversion and ADR governance risk.

Latest ReportMay 20, 2026ZTO Express: China parcel scale with ADR and margin risk attachedView report ->Total Reports1Published reportView all ->Active Discussions0No visible comments yetView discussions ->Member WorkspaceLockedFinancials, timeline, comparisons, scorecard, and discussion require a paid login.View access ->
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Latest Thesis

ZTO Express: China parcel scale with ADR and margin risk attached

ZTO Express reported 2025 revenue of CNY 49.10 billion, operating income of CNY 10.47 billion and operating cash flow of CNY 11.97 billion. The thesis turns on China parcel volume, pricing, network efficiency, cash conversion and ADR governance risk.

May 20, 2026Research reportSlides available
ZTO Express (Cayman) Inc.Express: China parcel scale with ADR and margin risk attachedMay 20, 2026
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ZTO Express: China parcel scale with ADR and margin risk attachedZTO Express reported 2025 revenue of CNY 49.10 billion, operating income of CNY 10.47 billion and operating cash flow of CNY 11.97 billion. The thesis turns on China parcel volume, pricing, network efficiency, cash conversion and ADR governance risk.NYSEMay 20, 2026Research reportReadSlides