ZTO Files Annual Report on Form 20-F for Fiscal Year 2025

Rhea-AI Summary

ZTO (NYSE: ZTO) filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission on April 17, 2026.

The report, including audited consolidated financial statements, is available on the company's investor relations website and the SEC and HKEX websites. The company will provide a free hard copy to shareholders upon request via the IR department at ir@zto.com.

News Market Reaction – ZTO

-0.79%

-0.79% Session close to close

In the Apr 17 session, ZTO declined 0.79%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms that ZTO has filed its Form 20‑F for the year ended December 31, 2025 wit...

Analysis

This announcement confirms that ZTO has filed its Form 20‑F for the year ended December 31, 2025 with both the SEC and HKEX, providing audited consolidated financial statements and detailed disclosures. It follows prior 6‑K and earnings communications that outlined 2025 revenue growth and profitability metrics. Investors may focus on any added detail in risk factors, capital return policies, and operating trends versus earlier unaudited figures, as well as consistency between U.S. and Hong Kong reporting packages.

Historical Context

5 past events · Latest: Mar 17 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 17	Earnings release	Positive	+7.5%	Unaudited Q4 and full-year 2025 results with revenue and volume growth.
Feb 27	Earnings date notice	Neutral	+1.0%	Announcement of March 17, 2026 schedule for Q4 and 2025 results call.
Feb 04	Convertible notes priced	Neutral	+1.2%	Pricing of US$1.5B 0.925% convertible senior notes due 2031.
Feb 04	Prelim earnings	Neutral	+1.2%	Preliminary 2025 revenue growth with lower gross profit ahead of final results.
Feb 04	Convertible notes proposed	Neutral	+1.2%	Proposed US$1.5B convertible senior notes for buybacks and corporate uses.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent earnings, guidance, and financing announcements have all seen positive next-day price reactions, suggesting the stock has historically responded constructively to both operational updates and capital markets activity.

Recent Company History

Over the last few months, ZTO has reported unaudited Q4 and full‑year 2025 results, with full‑year revenue rising 10.9% to RMB49,098.7 million and adjusted net income of RMB9.5 billion. The company announced and then priced a US$1.5 billion convertible senior note deal tied to share repurchases, and provided preliminary 2025 figures before the final release. These updates generally produced positive price moves, and today’s Form 20‑F filing formalizes previously disclosed 2025 financial information.

Key Terms

form 20-f, u.s. securities and exchange commission, hkex, rules governing the listing of securities on the stock exchange of hong kong limited

4 terms

form 20-f regulatory

"announced that it filed its annual report on Form 20-F for the fiscal year"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

u.s. securities and exchange commission regulatory

"with the U.S. Securities and Exchange Commission ("SEC") on April 17, 2026"

The U.S. Securities and Exchange Commission is a government agency responsible for overseeing the stock market and protecting investors. It sets rules to ensure that companies share truthful information and that trading is fair, helping to maintain trust in the financial system. This oversight is important because it helps prevent fraud and ensures that investors can make informed decisions.

hkex regulatory

"pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("HKEX")"

HKEX is the operator of Hong Kong’s main financial marketplaces, running the stock exchange, derivatives trading and the clearing systems that settle trades. Think of it as the marketplace and referee that decides which companies can list, how trades are processed, and the rules that keep trading orderly; its policies and listings shape investor access, liquidity and price discovery for many Asian and international investments.

rules governing the listing of securities on the stock exchange of hong kong limited regulatory

"pursuant to the Rules Governing the Listing of Securities on The Stock Exchange"

A formal rulebook that sets the eligibility, disclosure, governance and ongoing reporting requirements for companies that want their stocks or bonds traded on the Hong Kong Stock Exchange. It tells issuers what documents, financial standards and corporate controls they must have and what information they must share with the market. For investors, these rules act like a building code or recipe—creating consistent standards and transparency that help evaluate risk, compare issuers and trust that the market operates fairly.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SHANGHAI, April 17, 2026 /PRNewswire/ --  ZTO Express (Cayman) Inc. (NYSE: ZTO and HKEX: 2057), a leading and fast-growing express delivery company in China ("ZTO" or the "Company"), today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission ("SEC") on April 17, 2026. The annual report on Form 20-F can be accessed on the Company's investor relations website at http://zto.investorroom.com as well as the SEC's website at http://www.sec.gov. 

The Company will provide a hard copy of its annual report on Form 20-F containing the audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed to the Company's IR Department at ir@zto.com. 

The Company has also today published its annual report for the fiscal year ended December 31, 2025 pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("HKEX"), which can be accessed on the Company's investor relations website at http://zto.investorroom.com as well as the HKEX's website at http://www.hkexnews.hk. 

About ZTO Express (Cayman) Inc.

ZTO is a leading and fast-growing express delivery company in China. ZTO provides express delivery service as well as other value-added logistics services through its extensive and reliable nationwide network coverage in China.

ZTO operates a highly scalable network partner model, which the Company believes is best suited to support the significant growth of e-commerce in China. The Company leverages its network partners to provide pickup and last-mile delivery services, while controlling the mission-critical line-haul transportation and sorting network within the express delivery service value chain.

For more information, please visit http://zto.investorroom.com. 

For investor and media inquiries, please contact:

ZTO Express (Cayman) Inc.

Investor Relations

E-mail: ir@zto.com
Phone: +86 21 5980 4508

View original content:https://www.prnewswire.com/news-releases/zto-files-annual-report-on-form-20-f-for-fiscal-year-2025-302745865.html

SOURCE ZTO Express (Cayman) Inc.

FAQ

When did ZTO (ZTO) file its Form 20-F for fiscal year 2025?

ZTO filed its Form 20-F on April 17, 2026, reporting for the fiscal year ended December 31, 2025. According to the company, the filing includes audited consolidated financial statements and conforms to SEC submission procedures.

Where can investors access ZTO's 2025 annual report and audited financial statements?

Investors can access the annual report on ZTO's investor relations website and the SEC and HKEX websites. According to the company, the documents include the audited consolidated financial statements for fiscal 2025.

How can ZTO shareholders request a hard copy of the 2025 Form 20-F?

Shareholders may request a free hard copy by contacting ZTO's IR department at ir@zto.com. According to the company, hard copies containing audited consolidated financial statements are available upon request.

Does ZTO (ZTO) provide the 2025 annual report on Hong Kong's HKEX platform?

Yes, ZTO published its 2025 annual report pursuant to HKEX rules and made it available on the HKEX news website. According to the company, the report is also posted on its investor relations website.

What period does ZTO's 2025 Form 20-F cover and what statements are included?

The Form 20-F covers the fiscal year ended December 31, 2025 and includes audited consolidated financial statements. According to the company, the filing fulfills annual reporting requirements to the SEC and HKEX.

Will ZTO's annual report on Form 20-F affect how investors can review the company's finances?

The filing makes audited consolidated financial information publicly available via the company's IR site and regulatory websites. According to the company, investors can review detailed audited statements and request hard copies for verification.