Logotype for ZTO Express (Cayman) Inc

ZTO Express (Cayman) (ZTO) investor relations material

ZTO Express (Cayman) Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for ZTO Express (Cayman) Inc
Q2 2025 earnings summary20 Aug, 2025

Executive summary

  • Parcel volume reached 9.8 billion in 2Q25, growing 16.5% year-over-year and maintaining #1 market share at 19.5%.

  • Adjusted net income was RMB2.05 billion, with a margin of 17.3%, but declined 26.8% year-over-year due to price pressure.

  • Retail parcel volume surged over 50% year-over-year, now exceeding 8% of total volume.

  • Extensive network covers over 31,000 outlets and 110,000 last-mile posts, reaching >99% of county-level cities.

  • Ongoing focus on service quality, efficiency, digital transformation, and ESG initiatives to maintain competitive edge.

Financial highlights

  • Total revenue for 2Q25 was RMB11.8–12.9 billion, up 10.3% year-over-year, driven by volume growth.

  • Gross profit decreased 18.7% to RMB2.9 billion; gross margin dropped to 24.9% from 33.8% year-over-year.

  • Adjusted EBITDA fell 18.5% to RMB3.5 billion; operating cash flow was RMB2.2 billion, down 37.7%.

  • Capital expenditure for the quarter was RMB1.1 billion; cash and equivalents at quarter-end were RMB13.3 billion.

  • Interim dividend of US$0.30 per share/ADS announced, with a 40% payout ratio.

Outlook and guidance

  • Annual parcel volume guidance revised to 38.8–40.1 billion, representing 14–18% growth.

  • Management aims to maintain or exceed industry average growth and focus on high service quality.

  • Growth outlook remains wide due to macroeconomic, industry, and regulatory uncertainties.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next ZTO Express (Cayman) earnings date

Logotype for ZTO Express (Cayman) Inc
Q3 202519 Nov, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next ZTO Express (Cayman) earnings date

Logotype for ZTO Express (Cayman) Inc
Q3 202519 Nov, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

ZTO Express Inc. is a provider of express delivery and logistics services in China. The company operates an extensive network that primarily offers parcel sorting and line-haul transportation services. ZTO caters to a broad customer base, including e-commerce platforms, traditional merchants, and other express service users, facilitating the delivery of goods to end consumers. In addition to its core express delivery services, ZTO provides various value-added logistics solutions, both within China and in select international markets. The company is headquartered in Shanghai, China, and its shares are traded on the New York Stock Exchange.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage