Welcome to our dedicated page for ZTO Express (Cayman) 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. filings document the regulatory reporting of a Cayman-incorporated foreign private issuer with American depositary shares and Hong Kong-listed Class A ordinary shares. Form 6-K reports include annual results announcements, board meeting notices, annual general meeting notices, circulars and proxy forms, Hong Kong annual report materials, and sustainability reporting.
The filing record also covers the company’s weighted voting rights share structure, including Class A and Class B ordinary shares, authorized share capital, monthly returns on movements in securities, public-float confirmations, and next day disclosure returns for share buybacks, cancellations and treasury-share activity. Annual Form 20-F materials provide audited consolidated financial statements for ZTO’s express delivery operations in China.
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.
ZTO Express (Cayman) Inc. Chief Financial Officer Yan Huiping filed an initial ownership report showing existing equity interests. The filing lists stock options over 21,000 Class A ordinary shares at an exercise price of $21.88 per share, expiring on March 22, 2034. These options were granted on March 22, 2024 and vest in equal installments over three years. The report also shows direct ownership of 18,076 American depositary shares, each representing one Class A ordinary share.
ZTO Express (Cayman) Inc. director and VP of Infrastructure Management Wang Jilei filed an initial ownership report listing his equity interests. The filing shows options to acquire 21,000 Class A ordinary shares at an exercise price of $21.88 per share, expiring on March 22, 2034.
He indirectly owns 40,835,000 Class A ordinary shares through Zto Wjl Holding Limited and indirectly owns 1,253,065 American depositary shares (ADSs) through Zto Wlj Holding Limited. He also directly holds 15,538 ADSs
ZTO Express (Cayman) Inc. president Zhu Jingxi filed an initial Form 3 detailing existing equity interests in the company. The filing shows options to acquire 27,000 Class A ordinary shares directly and 6,000 shares indirectly through a spouse, all at an exercise price of 21.88 per share and expiring on March 22, 2034. These options were granted on March 22, 2024 and vest in equal installments over three years. The filing also reports 17,153 American depositary shares held directly and 480,461 American depositary shares held indirectly by a spouse, with each ADS representing one Class A ordinary share. The document reports holdings only and does not reflect new purchases or sales.
ZTO Express (Cayman) Inc. filed an initial insider ownership report for director Xu Di on Form 3. This filing establishes Xu Di as a reporting person for the company’s securities. The data provided shows no purchases, sales, gifts, or other equity transactions reported in this filing.