v3.26.1
FINANCIAL STATEMENTS SCHEDULE I - CONDENSED STATEMENTS OF CASH FLOWS (Details)
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
CNY (¥)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
CNY (¥)
Cash flows from operating activities:        
Net income ¥ 9,235,661 $ 1,320,684 ¥ 8,887,595 ¥ 8,754,457
Adjustments to reconcile net income to net cash used by operating activities        
Share-based compensation 229,250 32,782 318,692 254,976
Fair value change at financial instruments (126,038) (18,023) (202,886) (164,517)
Impairment of investment in equity investees     931,367  
Share of profit in subsidiaries and VIE (87,393) (12,497) (57,410) (4,356)
Changes in operating assets and liabilities:        
Prepayments and other current assets (730,266) (104,427) (549,154) (753,431)
Other current liabilities (524,706) (75,035) (413,288) 577,812
Net cash provided by operating activities 11,968,419 1,711,461 11,429,436 13,360,967
Cash flows from investing activities:        
Purchases of short-term investment (15,108,228) (2,160,448) (13,732,405) (11,261,190)
Maturity of short-term investment 16,565,265 2,368,801 15,705,822 9,798,273
Purchases of long-term investment (1,360,000) (194,477) (3,918,647) (10,090,353)
Net cash used in investing activities (4,827,106) (690,267) (5,980,724) (12,252,751)
Cash flows from financing activities:        
Payment of dividends (3,755,452) (537,022) (5,605,451) (2,072,509)
Repurchase of ordinary shares (1,252,741) (179,140) (1,157,472) (1,006,451)
Proceeds from short-term borrowing 18,322,010 2,620,013 19,712,958 12,279,050
Repayment of short-term borrowings (16,899,802) (2,416,641) (17,965,557) (9,924,563)
Net cash used in financing activities (10,567,203) (1,511,090) (4,995,180) (769,836)
Effect of exchange rate changes on cash, cash equivalents (58,340) (8,343) 26,105 109,843
Net change in cash, cash equivalents (3,484,230) (498,239) 479,637 448,223
Cash, cash equivalents, beginning of year 13,465,442   12,333,884  
Cash, cash equivalents, end of year 10,011,533 1,431,630 13,465,442 12,333,884
Supplemental disclosure on non-cash information        
Cash dividends declared in payables 6,118 875 12,543 7
Reportable Legal Entities | ZTO EXPRESS (CAYMAN) INC.        
Cash flows from operating activities:        
Net income 9,080,651 1,298,518 8,816,835 8,749,004
Adjustments to reconcile net income to net cash used by operating activities        
Share-based compensation 229,250 32,782 318,692 254,976
Fair value change at financial instruments (42,813) (6,122) (830) (58,682)
Impairment of investment in equity investees     479,931  
Share of profit in subsidiaries and VIE (9,283,050) (1,327,463) (9,583,514) (9,006,826)
Changes in operating assets and liabilities:        
Prepayments and other current assets (27,895) (3,989) (12,474)  
Other current liabilities 17,404 2,489 41,241 87,973
Net cash provided by operating activities (26,453) (3,785) 59,881 26,445
Cash flows from investing activities:        
Payment and collection of loans to and investments in subsidiaries, VIE and equity investees 12,583,211 1,799,375 6,893,615 1,561,076
Purchases of short-term investment (3,723,088) (532,395) (992,274) (6,188,527)
Maturity of short-term investment 2,004,440 286,631 1,858,056 7,723,557
Purchases of long-term investment       (69,101)
Net cash used in investing activities 10,864,563 1,553,611 7,759,397 3,027,005
Cash flows from financing activities:        
Payment of dividends (3,755,452) (537,022) (5,605,451) (2,072,509)
Repurchase of convertible notes (7,003,850) (1,001,537)    
Repurchase of ordinary shares (1,252,741) (179,140) (1,157,472) (1,006,451)
Proceeds from short-term borrowing 581,696 83,181 1,000,000 1,362,060
Repayment of short-term borrowings     (1,000,567) (1,379,140)
Net cash used in financing activities (11,430,347) (1,634,518) (6,763,490) (3,096,040)
Effect of exchange rate changes on cash, cash equivalents 62,804 8,984 17,785 (19,466)
Net change in cash, cash equivalents (529,433) (75,708) 1,073,573 (62,056)
Cash, cash equivalents, beginning of year 1,082,454 154,789 8,881 70,937
Cash, cash equivalents, end of year 553,021 79,081 1,082,454 8,881
Supplemental disclosure on non-cash information        
Cash dividends declared in payables ¥ 6,118 $ 875 ¥ 12,543 ¥ 7