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ZTO EXPRESS-W (02057)

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  • 174.100
  • -0.600-0.34%
Market Closed Jan 16 16:07 CST
137.42BMarket Cap14.20P/E (TTM)

ZTO EXPRESS-W (02057) Balance Sheet

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YOY yoy
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(Q9)Sep 30, 2025
(Q6)Jun 30, 2025
(Q1)Mar 31, 2025
(FY)Dec 31, 2024
(Q9)Sep 30, 2024
(Q6)Jun 30, 2024
(Q1)Mar 31, 2024
(FY)Dec 31, 2023
(Q9)Sep 30, 2023
(Q6)Jun 30, 2023
Assets
Current assets
Inventory
74.49%48.25M
70.50%47.9M
-14.30%35.52M
37.38%38.57M
0.21%27.65M
5.47%28.1M
42.26%41.45M
-30.74%28.07M
-57.33%27.59M
-7.34%26.64M
Accounts receivable
49.74%1.17B
102.91%1.4B
80.86%1.01B
162.63%1.5B
37.81%782.77M
20.42%687.79M
-2.98%559.2M
-30.09%572.56M
-26.36%568.03M
-33.02%571.18M
Related party payments receivable
-19.52%79.84M
-49.67%85.59M
-58.82%80.11M
13.57%168.16M
-86.74%99.21M
-77.18%170.04M
16.77%194.52M
-52.92%148.07M
147.87%747.98M
458.74%745.14M
Advance deposits and other receivables
15.76%5.82B
0.74%5.56B
6.48%5.39B
11.30%5.11B
10.10%5.03B
25.39%5.52B
18.88%5.06B
14.63%4.59B
18.41%4.56B
18.96%4.4B
Cash and equivalents
-19.77%9.39B
26.08%13.29B
-1.32%12.42B
9.17%13.47B
26.05%11.7B
35.48%10.54B
31.69%12.58B
5.48%12.33B
-36.37%9.28B
-21.62%7.78B
Secured deposit
-29.36%22.85M
1.94%22.68M
-89.25%29.26M
-94.54%37.52M
-95.92%32.35M
-97.39%22.25M
-62.66%272.27M
-23.33%686.57M
112.39%793.04M
121.32%851.9M
Short-term investment
41.78%15.9B
33.68%13.23B
50.66%10.6B
18.70%8.85B
46.52%11.21B
24.41%9.9B
-20.72%7.04B
29.57%7.45B
10.07%7.65B
52.68%7.96B
Special items of current assets
-42.15%736.39M
-17.27%885.73M
1.48%1B
3.80%1.18B
16.94%1.27B
6.80%1.07B
-9.44%986.82M
19.35%1.14B
27.95%1.09B
6.68%1B
Total current assets
9.98%33.17B
23.56%34.52B
14.33%30.57B
12.61%30.35B
21.96%30.16B
19.72%27.94B
5.76%26.74B
10.13%26.95B
-10.93%24.73B
10.19%23.34B
Non-current assets
Property, plant and equipment
5.38%35.4B
5.07%34.86B
4.84%34.53B
5.39%33.92B
5.92%33.59B
7.48%33.18B
10.60%32.93B
11.69%32.18B
13.22%31.71B
14.98%30.87B
Land use right
2.81%6.27B
8.42%6.27B
11.00%6.3B
9.46%6.17B
8.07%6.1B
1.89%5.78B
0.19%5.68B
3.57%5.64B
5.17%5.64B
4.33%5.67B
Long-term receivables
----
5.76%1.06B
----
-10.71%861.45M
----
19.59%1B
----
-25.54%964.78M
----
--836.45M
long-term investment
-56.53%5.87B
-35.49%9.05B
-14.21%11.54B
-1.26%12.02B
-5.11%13.51B
29.20%14.03B
65.21%13.45B
66.21%12.17B
299.92%14.24B
360.17%10.86B
Stock investment
-8.41%1.92B
-9.77%1.89B
-36.51%1.87B
-45.84%1.87B
-41.18%2.09B
-48.16%2.1B
-25.35%2.95B
-12.54%3.46B
-10.51%3.56B
3.81%4.04B
Intangible assets
11.39%20.71M
-30.77%13.94M
-28.57%15.49M
-26.67%17.04M
-25.00%18.59M
-23.53%20.14M
-22.22%21.69M
-21.05%23.24M
-20.00%24.79M
-19.05%26.34M
Goodwill
-1.99%4.16B
-1.99%4.16B
0.00%4.24B
0.00%4.24B
0.00%4.24B
0.00%4.24B
0.00%4.24B
0.00%4.24B
0.00%4.24B
0.00%4.24B
Deferred tax assets
46.12%1.04B
29.82%1.1B
16.00%1.1B
11.91%984.57M
-27.10%711.37M
-3.82%846.56M
19.35%950.53M
17.29%879.77M
-2.24%975.8M
-2.28%880.17M
Other illiquid assets
-24.45%720.35M
-9.82%840.08M
30.57%938.89M
31.00%919.33M
79.53%953.45M
148.77%931.6M
40.37%719.08M
-14.09%701.76M
-27.03%531.07M
-42.98%374.49M
Special items of non-current assets
11.95%1.54B
-28.70%366.92M
-6.07%1.49B
-27.83%421.67M
36.06%1.37B
545.97%514.58M
6.71%1.59B
1.23%584.26M
-52.94%1.01B
-96.29%79.66M
Total non-current assets
-9.16%57.38B
-4.85%60.1B
-0.88%62.58B
0.77%61.99B
0.68%63.16B
7.57%63.17B
13.94%63.14B
13.81%61.51B
25.90%62.74B
24.07%58.72B
Total assets
-2.98%90.54B
3.86%94.62B
3.64%93.15B
4.38%92.34B
6.70%93.32B
11.03%91.1B
11.37%89.88B
12.66%88.47B
12.72%87.46B
19.78%82.05B
Liabilities
Current liabilities
Accounts payable
7.65%2.27B
9.79%2.42B
8.86%2.54B
-3.66%2.46B
6.13%2.11B
14.07%2.2B
13.42%2.33B
16.09%2.56B
11.92%1.99B
0.94%1.93B
Tax payable
-17.72%260.21M
11.66%354.13M
39.54%479.58M
46.70%488.89M
-48.17%316.26M
-34.86%317.16M
11.77%343.7M
45.90%333.26M
23.47%610.15M
234.09%486.86M
Dividend payable
-13.33%1.73B
-30.42%14.35M
-43.26%2.05B
813.05%14.13M
125,300.31%1.99B
1,203.98%20.62M
75.62%3.61B
3.41%1.55M
-33.67%1.59M
-89.94%1.58M
Amounts payable to associated parties-current liabilities
-19.25%124.71M
-14.99%131.29M
-30.58%137.61M
-13.60%202.77M
-22.45%154.45M
-21.65%154.45M
68.89%198.24M
377.60%234.68M
446.34%199.17M
349.15%197.13M
Advance payment
3.45%1.72B
1.03%1.66B
-7.78%1.54B
-10.34%1.57B
4.18%1.66B
13.97%1.64B
24.90%1.67B
26.99%1.75B
14.57%1.6B
2.52%1.44B
Short-term borrowing
7.95%11.63B
6.31%11.05B
15.51%9.29B
22.51%9.51B
12.29%10.77B
55.06%10.39B
21.85%8.04B
43.96%7.77B
37.26%9.59B
-5.08%6.7B
Financial lease liabilities-current liabilities
-8.64%152.02M
9.39%168.75M
-3.20%176.36M
-1.55%183.37M
-28.83%166.39M
-38.64%154.26M
-22.52%182.2M
-18.92%186.25M
3.61%233.8M
14.99%251.4M
Other current liabilities
-13.18%6.19B
-23.60%5.51B
-18.52%5.6B
-9.19%6.57B
3.25%7.13B
7.28%7.21B
11.11%6.88B
7.61%7.24B
8.15%6.9B
13.28%6.72B
Special items of current liabilities
----
--7.16B
--7.24B
--7.27B
--6.98B
----
----
----
----
----
Total current liabilities
-23.04%24.07B
28.82%28.45B
24.92%29.06B
40.94%28.27B
48.08%31.28B
24.60%22.09B
21.77%23.26B
22.28%20.06B
20.71%21.13B
4.42%17.73B
Net current assets
907.29%9.09B
3.72%6.07B
-56.47%1.51B
-69.81%2.08B
-131.27%-1.13B
4.29%5.85B
-43.73%3.48B
-14.59%6.89B
-64.90%3.6B
33.52%5.61B
Total assets less current liabilities
7.14%66.47B
-4.13%66.17B
-3.79%64.09B
-6.34%64.07B
-6.48%62.04B
7.29%69.01B
8.15%66.61B
10.12%68.4B
10.39%66.34B
24.84%64.33B
Non-current liabilities
Long-term bank loan
--163M
--180M
--17M
----
----
----
----
----
----
----
Financial lease liabilities-non-current liabilities
-21.17%294.87M
-2.14%321.86M
-10.11%363.22M
-17.15%377.72M
-16.60%374.06M
-32.50%328.91M
-16.17%404.07M
-10.67%455.88M
-4.24%448.5M
-6.03%487.27M
Deferred tax liability
-4.30%517.85M
63.17%808.35M
28.14%847.07M
58.97%1.01B
56.28%541.12M
42.57%495.41M
94.56%661.05M
84.20%638.2M
31.94%346.26M
27.57%347.49M
Convertible notes and bonds
--126.35M
----
----
----
----
0.81%7.22B
5.76%7.16B
3.54%7.03B
3.17%7.21B
--7.16B
Total non-current liabilities
20.42%1.1B
-83.71%1.31B
-85.08%1.23B
-82.86%1.39B
-88.57%915.17M
0.60%8.04B
8.34%8.22B
6.25%8.12B
3.69%8.01B
910.57%7.99B
Total liabilities
-21.81%25.18B
-1.21%29.76B
-3.82%30.28B
5.25%29.67B
10.52%32.2B
17.14%30.13B
17.95%31.49B
17.19%28.18B
15.50%29.13B
44.76%25.72B
Total assets less total liabilities
6.94%65.37B
6.37%64.86B
7.66%62.87B
3.97%62.67B
4.79%61.12B
8.24%60.97B
8.12%58.39B
10.66%60.28B
11.38%58.33B
11.03%56.33B
Total equity and non-current liabilities
7.14%66.47B
-4.13%66.17B
-3.79%64.09B
-6.34%64.07B
-6.48%62.04B
7.29%69.01B
8.15%66.61B
10.12%68.4B
10.39%66.34B
24.84%64.33B
Equity
Share capital
-0.76%519K
-1.14%519K
-1.14%519K
-0.38%523K
-0.76%523K
-0.57%525K
-1.50%525K
-1.87%525K
-1.50%527K
-1.31%528K
Capital reserve
-0.09%24.36B
-0.49%24.36B
-0.47%24.36B
0.78%24.39B
0.37%24.38B
0.40%24.48B
-1.05%24.47B
-9.42%24.2B
-9.08%24.29B
-10.00%24.38B
Undistributed profit
12.08%41.15B
10.15%40.35B
12.91%38.42B
7.71%39.1B
6.70%36.72B
13.33%36.63B
10.59%34.02B
23.22%36.3B
26.06%34.41B
27.45%32.32B
Shareholders' Equity
6.79%64.71B
6.24%64.2B
7.56%62.21B
3.78%62.06B
4.66%60.59B
8.09%60.43B
7.99%57.84B
10.69%59.8B
11.52%57.9B
11.10%55.9B
Non-controlling interest
24.16%658.89M
20.29%658.2M
19.07%651.35M
27.95%612.44M
22.19%530.68M
27.48%547.2M
24.78%547.03M
7.83%478.66M
-4.57%434.3M
2.35%429.25M
Total equity
6.94%65.37B
6.37%64.86B
7.66%62.87B
3.97%62.67B
4.79%61.12B
8.24%60.97B
8.12%58.39B
10.66%60.28B
11.38%58.33B
11.03%56.33B
Total equity and total liabilities
-2.98%90.54B
3.86%94.62B
3.64%93.15B
4.38%92.34B
6.70%93.32B
11.03%91.1B
11.37%89.88B
12.66%88.47B
12.72%87.46B
19.78%82.05B
Currency Unit
CNY
CNY
CNY
CNY
CNY
CNY
CNY
CNY
CNY
CNY
Accounting Standards
UAS
UAS
UAS
UAS
UAS
UAS
UAS
UAS
UAS
UAS
Audit Opinions
--
--
--
Unaudited opinion
--
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Unaudited opinion
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Auditor
--
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Deloitte Guan Huang Chen Fang Certified Public Accountants, Deloitte Huayong Certified Public Accountants (Special General Partnership)
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Deloitte Guan Huang Chen Fang Certified Public Accountants, Deloitte Huayong Certified Public Accountants (Special General Partnership)
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(Q9)Sep 30, 2025(Q6)Jun 30, 2025(Q1)Mar 31, 2025(FY)Dec 31, 2024(Q9)Sep 30, 2024(Q6)Jun 30, 2024(Q1)Mar 31, 2024(FY)Dec 31, 2023(Q9)Sep 30, 2023(Q6)Jun 30, 2023
Assets
Current assets
Inventory 74.49%48.25M70.50%47.9M-14.30%35.52M37.38%38.57M0.21%27.65M5.47%28.1M42.26%41.45M-30.74%28.07M-57.33%27.59M-7.34%26.64M
Accounts receivable 49.74%1.17B102.91%1.4B80.86%1.01B162.63%1.5B37.81%782.77M20.42%687.79M-2.98%559.2M-30.09%572.56M-26.36%568.03M-33.02%571.18M
Related party payments receivable -19.52%79.84M-49.67%85.59M-58.82%80.11M13.57%168.16M-86.74%99.21M-77.18%170.04M16.77%194.52M-52.92%148.07M147.87%747.98M458.74%745.14M
Advance deposits and other receivables 15.76%5.82B0.74%5.56B6.48%5.39B11.30%5.11B10.10%5.03B25.39%5.52B18.88%5.06B14.63%4.59B18.41%4.56B18.96%4.4B
Cash and equivalents -19.77%9.39B26.08%13.29B-1.32%12.42B9.17%13.47B26.05%11.7B35.48%10.54B31.69%12.58B5.48%12.33B-36.37%9.28B-21.62%7.78B
Secured deposit -29.36%22.85M1.94%22.68M-89.25%29.26M-94.54%37.52M-95.92%32.35M-97.39%22.25M-62.66%272.27M-23.33%686.57M112.39%793.04M121.32%851.9M
Short-term investment 41.78%15.9B33.68%13.23B50.66%10.6B18.70%8.85B46.52%11.21B24.41%9.9B-20.72%7.04B29.57%7.45B10.07%7.65B52.68%7.96B
Special items of current assets -42.15%736.39M-17.27%885.73M1.48%1B3.80%1.18B16.94%1.27B6.80%1.07B-9.44%986.82M19.35%1.14B27.95%1.09B6.68%1B
Total current assets 9.98%33.17B23.56%34.52B14.33%30.57B12.61%30.35B21.96%30.16B19.72%27.94B5.76%26.74B10.13%26.95B-10.93%24.73B10.19%23.34B
Non-current assets
Property, plant and equipment 5.38%35.4B5.07%34.86B4.84%34.53B5.39%33.92B5.92%33.59B7.48%33.18B10.60%32.93B11.69%32.18B13.22%31.71B14.98%30.87B
Land use right 2.81%6.27B8.42%6.27B11.00%6.3B9.46%6.17B8.07%6.1B1.89%5.78B0.19%5.68B3.57%5.64B5.17%5.64B4.33%5.67B
Long-term receivables ----5.76%1.06B-----10.71%861.45M----19.59%1B-----25.54%964.78M------836.45M
long-term investment -56.53%5.87B-35.49%9.05B-14.21%11.54B-1.26%12.02B-5.11%13.51B29.20%14.03B65.21%13.45B66.21%12.17B299.92%14.24B360.17%10.86B
Stock investment -8.41%1.92B-9.77%1.89B-36.51%1.87B-45.84%1.87B-41.18%2.09B-48.16%2.1B-25.35%2.95B-12.54%3.46B-10.51%3.56B3.81%4.04B
Intangible assets 11.39%20.71M-30.77%13.94M-28.57%15.49M-26.67%17.04M-25.00%18.59M-23.53%20.14M-22.22%21.69M-21.05%23.24M-20.00%24.79M-19.05%26.34M
Goodwill -1.99%4.16B-1.99%4.16B0.00%4.24B0.00%4.24B0.00%4.24B0.00%4.24B0.00%4.24B0.00%4.24B0.00%4.24B0.00%4.24B
Deferred tax assets 46.12%1.04B29.82%1.1B16.00%1.1B11.91%984.57M-27.10%711.37M-3.82%846.56M19.35%950.53M17.29%879.77M-2.24%975.8M-2.28%880.17M
Other illiquid assets -24.45%720.35M-9.82%840.08M30.57%938.89M31.00%919.33M79.53%953.45M148.77%931.6M40.37%719.08M-14.09%701.76M-27.03%531.07M-42.98%374.49M
Special items of non-current assets 11.95%1.54B-28.70%366.92M-6.07%1.49B-27.83%421.67M36.06%1.37B545.97%514.58M6.71%1.59B1.23%584.26M-52.94%1.01B-96.29%79.66M
Total non-current assets -9.16%57.38B-4.85%60.1B-0.88%62.58B0.77%61.99B0.68%63.16B7.57%63.17B13.94%63.14B13.81%61.51B25.90%62.74B24.07%58.72B
Total assets -2.98%90.54B3.86%94.62B3.64%93.15B4.38%92.34B6.70%93.32B11.03%91.1B11.37%89.88B12.66%88.47B12.72%87.46B19.78%82.05B
Liabilities
Current liabilities
Accounts payable 7.65%2.27B9.79%2.42B8.86%2.54B-3.66%2.46B6.13%2.11B14.07%2.2B13.42%2.33B16.09%2.56B11.92%1.99B0.94%1.93B
Tax payable -17.72%260.21M11.66%354.13M39.54%479.58M46.70%488.89M-48.17%316.26M-34.86%317.16M11.77%343.7M45.90%333.26M23.47%610.15M234.09%486.86M
Dividend payable -13.33%1.73B-30.42%14.35M-43.26%2.05B813.05%14.13M125,300.31%1.99B1,203.98%20.62M75.62%3.61B3.41%1.55M-33.67%1.59M-89.94%1.58M
Amounts payable to associated parties-current liabilities -19.25%124.71M-14.99%131.29M-30.58%137.61M-13.60%202.77M-22.45%154.45M-21.65%154.45M68.89%198.24M377.60%234.68M446.34%199.17M349.15%197.13M
Advance payment 3.45%1.72B1.03%1.66B-7.78%1.54B-10.34%1.57B4.18%1.66B13.97%1.64B24.90%1.67B26.99%1.75B14.57%1.6B2.52%1.44B
Short-term borrowing 7.95%11.63B6.31%11.05B15.51%9.29B22.51%9.51B12.29%10.77B55.06%10.39B21.85%8.04B43.96%7.77B37.26%9.59B-5.08%6.7B
Financial lease liabilities-current liabilities -8.64%152.02M9.39%168.75M-3.20%176.36M-1.55%183.37M-28.83%166.39M-38.64%154.26M-22.52%182.2M-18.92%186.25M3.61%233.8M14.99%251.4M
Other current liabilities -13.18%6.19B-23.60%5.51B-18.52%5.6B-9.19%6.57B3.25%7.13B7.28%7.21B11.11%6.88B7.61%7.24B8.15%6.9B13.28%6.72B
Special items of current liabilities ------7.16B--7.24B--7.27B--6.98B--------------------
Total current liabilities -23.04%24.07B28.82%28.45B24.92%29.06B40.94%28.27B48.08%31.28B24.60%22.09B21.77%23.26B22.28%20.06B20.71%21.13B4.42%17.73B
Net current assets 907.29%9.09B3.72%6.07B-56.47%1.51B-69.81%2.08B-131.27%-1.13B4.29%5.85B-43.73%3.48B-14.59%6.89B-64.90%3.6B33.52%5.61B
Total assets less current liabilities 7.14%66.47B-4.13%66.17B-3.79%64.09B-6.34%64.07B-6.48%62.04B7.29%69.01B8.15%66.61B10.12%68.4B10.39%66.34B24.84%64.33B
Non-current liabilities
Long-term bank loan --163M--180M--17M----------------------------
Financial lease liabilities-non-current liabilities -21.17%294.87M-2.14%321.86M-10.11%363.22M-17.15%377.72M-16.60%374.06M-32.50%328.91M-16.17%404.07M-10.67%455.88M-4.24%448.5M-6.03%487.27M
Deferred tax liability -4.30%517.85M63.17%808.35M28.14%847.07M58.97%1.01B56.28%541.12M42.57%495.41M94.56%661.05M84.20%638.2M31.94%346.26M27.57%347.49M
Convertible notes and bonds --126.35M----------------0.81%7.22B5.76%7.16B3.54%7.03B3.17%7.21B--7.16B
Total non-current liabilities 20.42%1.1B-83.71%1.31B-85.08%1.23B-82.86%1.39B-88.57%915.17M0.60%8.04B8.34%8.22B6.25%8.12B3.69%8.01B910.57%7.99B
Total liabilities -21.81%25.18B-1.21%29.76B-3.82%30.28B5.25%29.67B10.52%32.2B17.14%30.13B17.95%31.49B17.19%28.18B15.50%29.13B44.76%25.72B
Total assets less total liabilities 6.94%65.37B6.37%64.86B7.66%62.87B3.97%62.67B4.79%61.12B8.24%60.97B8.12%58.39B10.66%60.28B11.38%58.33B11.03%56.33B
Total equity and non-current liabilities 7.14%66.47B-4.13%66.17B-3.79%64.09B-6.34%64.07B-6.48%62.04B7.29%69.01B8.15%66.61B10.12%68.4B10.39%66.34B24.84%64.33B
Equity
Share capital -0.76%519K-1.14%519K-1.14%519K-0.38%523K-0.76%523K-0.57%525K-1.50%525K-1.87%525K-1.50%527K-1.31%528K
Capital reserve -0.09%24.36B-0.49%24.36B-0.47%24.36B0.78%24.39B0.37%24.38B0.40%24.48B-1.05%24.47B-9.42%24.2B-9.08%24.29B-10.00%24.38B
Undistributed profit 12.08%41.15B10.15%40.35B12.91%38.42B7.71%39.1B6.70%36.72B13.33%36.63B10.59%34.02B23.22%36.3B26.06%34.41B27.45%32.32B
Shareholders' Equity 6.79%64.71B6.24%64.2B7.56%62.21B3.78%62.06B4.66%60.59B8.09%60.43B7.99%57.84B10.69%59.8B11.52%57.9B11.10%55.9B
Non-controlling interest 24.16%658.89M20.29%658.2M19.07%651.35M27.95%612.44M22.19%530.68M27.48%547.2M24.78%547.03M7.83%478.66M-4.57%434.3M2.35%429.25M
Total equity 6.94%65.37B6.37%64.86B7.66%62.87B3.97%62.67B4.79%61.12B8.24%60.97B8.12%58.39B10.66%60.28B11.38%58.33B11.03%56.33B
Total equity and total liabilities -2.98%90.54B3.86%94.62B3.64%93.15B4.38%92.34B6.70%93.32B11.03%91.1B11.37%89.88B12.66%88.47B12.72%87.46B19.78%82.05B
Currency Unit CNYCNYCNYCNYCNYCNYCNYCNYCNYCNY
Accounting Standards UASUASUASUASUASUASUASUASUASUAS
Audit Opinions ------Unaudited opinion------Unaudited opinion----
Auditor ------Deloitte Guan Huang Chen Fang Certified Public Accountants, Deloitte Huayong Certified Public Accountants (Special General Partnership)------Deloitte Guan Huang Chen Fang Certified Public Accountants, Deloitte Huayong Certified Public Accountants (Special General Partnership)----

FY: Financial Year. Refers to the 10-K file disclosed by the listed company to the SEC.

Q: Quarter. Refers to the 10-Q file disclosed by the listed company to the SEC. Q1, Q2, Q3, and Q4 are quarterly reports each with a span of 3 months; Q6 and Q9 are cumulative reports, with Q6 including 6 months and Q9 9 months.

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