Welcome to our dedicated page for Zto Expresscayma SEC filings (Ticker: ZTO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
ZTO Express (Cayman) Inc. (NYSE: ZTO) files as a foreign private issuer with the U.S. Securities and Exchange Commission, and this page organizes its SEC filings in one place. The company uses Form 20-F for its annual report and Form 6-K for current reports, which frequently include full text of press releases and Hong Kong regulatory documents as exhibits.
Through ZTO’s SEC filings, investors can access detailed information on its express delivery and logistics operations in China, including revenue breakdowns by express delivery services, freight forwarding services, sale of accessories, and other revenues derived mainly from financing services. Quarterly Form 6-K submissions contain unaudited financial statements, discussions of parcel volumes, cost structures such as line-haul transportation and sorting hub operating costs, and reconciliations for non-GAAP measures like Adjusted net income, EBITDA, and Adjusted EBITDA.
The filings also document capital markets and corporate actions. Recent 6-Ks describe the company’s share repurchase program, including total ADSs repurchased and remaining authorization, and provide details on its 1.50% Convertible Senior Notes due 2027, such as repurchase right notifications and the completion of a repurchase right offer. Other filings attach Hong Kong Stock Exchange documents, including Monthly Returns, Next Day Disclosure Returns, and announcements on connected transactions like the acquisition of 100% equity interest in Zhejiang Xinglian.
Users interested in governance matters will find AGM notices and results, resolutions on director elections and auditor appointments, and announcements of director appointments or resignations. Stock Titan enhances access to these materials by presenting real-time updates from EDGAR and AI-powered summaries that explain the key points of lengthy reports, helping readers quickly understand what each ZTO filing covers without reading every page line by line.
ZTO Express (Cayman) Inc. Chief Operating Officer Hu Hongqun reported a stock-based compensation event. On March 23, 2026, Hu received a grant of 14,218 restricted share units, which vested in full on the same date and were exercised into 14,218 American depositary shares, each representing one Class A ordinary share. Following these transactions, Hu directly holds 31,448 American depositary shares.
ZTO Express (Cayman) Inc. President Zhu Jingxi reported routine equity compensation activity. On March 23, 2026, Zhu received 15,172 restricted share units (RSUs), each representing one Class A ordinary share, which vested in full the same day and were exercised into 15,172 American depositary shares (ADSs).
On the same date, Zhu’s spouse was granted 237 RSUs that also vested and were exercised into 237 ADSs. After these conversions, Zhu holds 32,325 ADSs directly, and 480,698 ADSs indirectly through a spouse. The transactions are classified as grants and derivative exercises, with no open‑market purchases or sales.
ZTO Express (Cayman) Inc. VP of Public Relations Zhang Jianfeng received a grant of 5,072 restricted share units on Class A ordinary shares on March 23, 2026, which vested in full the same day. Each unit represents one Class A ordinary share.
On the same date, Zhang exercised these 5,072 restricted share units, resulting in 5,072 American depositary shares at a conversion price of $0.00 per share. Following these compensation-related transactions, Zhang directly holds 13,732 American depositary shares. These are awards and an option exercise, not open‑market purchases or sales.
ZTO Express (Cayman) Inc. director Liu Xing filed an initial ownership report showing direct holdings of 18,448 Class A ordinary shares. This Form 3 does not reflect any recent share purchases or sales, but simply establishes the director’s current equity position in the company.
ZTO Express reported solid 2025 growth with mounting cost pressure and a large new shareholder return plan. Full-year revenues rose to RMB49.1 billion (US$7.02 billion), up 10.9%, while net income increased 3.9% to RMB9.24 billion (US$1.32 billion). Adjusted net income was RMB9.51 billion (US$1.36 billion).
Parcel volume grew 13.3% for 2025, but gross margin declined from 31.0% to 25.0% and operating margin from 26.6% to 21.3% as other costs nearly doubled, mainly from serving key account customers. Fourth-quarter net income rose 10.1% year over year to RMB2.69 billion with largely flat adjusted earnings.
ZTO strengthened its capital return framework. The board declared a semi-annual cash dividend of US$0.39 per ADS and ordinary share for the six months ended December 31 2025, representing a 40% payout ratio, and approved a new share repurchase program of up to US$1.5 billion over 24 months, targeting aggregate annual shareholder returns of at least 50% of prior-year adjusted net income.
ZTO Express (Cayman) Inc. director Yu Herman Cheng-Chun filed an initial ownership report on Class A ordinary shares. The filing shows direct ownership of 55,343 Class A ordinary shares, establishing his equity position as a company insider without reporting any new purchase or sale transactions.
ZTO Express (Cayman) Inc. reported the initial equity holdings of director Charles Huang in a Form 3 filing. The filing shows direct ownership of 18,448 American depositary shares, each representing one Class A ordinary share. This is an initial ownership report, not a new stock purchase or sale.
ZTO Express (Cayman) Inc. executive Lai Jianchang, VP of Overseas Operations, filed an initial ownership report showing his existing equity interests. He directly holds options to acquire 12,000 Class A ordinary shares at an exercise price of 21.8800 per share, expiring on March 22, 2034. These options were granted on March 22, 2024 and vest in equal installments over three years. He also directly owns 11,461 American depositary shares, each representing one Class A ordinary share. The filing records holdings only and does not report new purchases or sales.
ZTO Express (Cayman) Inc. Chief Executive Officer Lai Meisong filed an initial ownership report showing existing equity positions, not new trades. He holds options to acquire 450,000 Class A ordinary shares at an exercise price of $21.88 per share, expiring on March 22, 2034, which vest in equal installments over three years from March 22, 2024. He indirectly owns 206,100,000 Class B ordinary shares and 4,608,920 American depositary shares through Zto Lms Holding Limited, and directly holds 178,461 American depositary shares, each representing one Class A ordinary share.