v3.26.1
Summary of Significant Accounting Policies - Consolidated VIE Schedule (Details)
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
CNY (¥)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
CNY (¥)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
CNY (¥)
Dec. 31, 2025
USD ($)
Current assets            
Cash and cash equivalents ¥ 10,011,533   ¥ 13,465,442   ¥ 12,333,884 $ 1,431,630
Restricted cash 29,129   37,517   686,568 4,165
Accounts receivable, net 1,287,475   1,503,706     184,106
Short-term investment (including the fair value measured investments of RMB3,533,370 and RMB5,908,915 as of December 31, 2024 and 2025, respectively) 15,620,892   8,848,447     2,233,758
Inventories 40,648   38,569     5,813
Advances to suppliers 719,277   783,599     102,855
Prepayments and other current assets 5,102,997   4,329,664     729,719
Amounts due from related parties 477,865   168,160     68,334
Total current assets 33,964,696   30,353,721     4,856,887
Investments in equity investees 1,951,910   1,871,337     279,119
Property and equipment, net 35,433,509   33,915,366     5,066,924
Land use rights, net 6,762,240   6,170,233     966,987
Intangible assets, net 52,758   17,043     7,544
Operating lease right-of-use assets 398,082   566,316     56,925
Goodwill 4,157,111   4,241,541     594,459
Deferred tax assets 1,103,655   984,567     157,821
Long-term investment 5,221,110   12,017,755     746,609
Long-term financing receivables, net 1,039,946   861,453     148,710
Other non-current assets 938,980   919,331     134,272
TOTAL ASSETS 91,023,997   92,340,330     13,016,257
Current liabilities:            
Short-term bank borrowings 10,934,419   9,513,958     1,563,601
Accounts payable 2,577,229   2,463,395     368,539
Advances from customers 1,833,131   1,565,147     262,134
Income tax payable 279,541   488,889     39,974
Amounts due to related parties (90,629) $ (12,960) (31,917)   185,545  
Operating lease liabilities, current 139,787   183,373     19,989
Total current liabilities 22,869,140   28,273,235     3,270,242
Non-current operating lease liabilities 261,257   377,717     37,359
Deferred tax liabilities 615,073   1,014,545     87,954
Total Liabilities 23,887,584   29,665,497     3,415,877
Revenues 49,098,667 7,021,016 44,280,720   38,418,915  
Net income 9,235,661 1,320,684 8,887,595   8,754,457  
Net cash (used in)/provided by operating activities 11,968,419 1,711,461 11,429,436   13,360,967  
Net cash used in investing activities (4,827,106) (690,267) (5,980,724)   (12,252,751)  
Net cash provided by financing activities (10,567,203) (1,511,090) (4,995,180)   (769,836)  
Net increase/(decrease) in cash and cash equivalents (3,484,230) (498,239) 479,637   448,223  
Cash, cash equivalents and restricted cash at beginning of year 13,530,947 1,934,900 13,051,310   12,603,087  
Cash, cash equivalents and restricted cash at end of year 10,046,717 $ 1,436,661 13,530,947 $ 1,934,900 13,051,310  
Net income generated by VIE after deductions of inter-company transportation fees and Service fees charges 15,565,737   16,150,224   13,984,286  
Operating cash outflows of Inter-company transactions 16,799,215   18,777,418   17,985,836  
Related Party            
Current assets            
Amounts due from related parties 477,865   168,160      
Current liabilities:            
Other current liabilities 796,660   202,766     113,921
Revenues 418,557   314,005   594,859  
Nonrelated Party            
Current liabilities:            
Other current liabilities 6,288,714   6,571,492     $ 899,273
ZTO Express and its subsidiaries (the "VIE")            
Current assets            
Cash and cash equivalents 2,378,664   2,275,851      
Restricted cash 6,943   15,337      
Accounts receivable, net 1,109,195   1,310,556      
Financing receivables, net 495,597   1,017,044      
Short-term investment (including the fair value measured investments of RMB3,533,370 and RMB5,908,915 as of December 31, 2024 and 2025, respectively) 1,220,068   1,298,995      
Inventories 7,923   22,599      
Advances to suppliers 87,014   172,859      
Prepayments and other current assets 2,563,931   2,216,397      
Total current assets 22,311,425   21,539,264      
Investments in equity investees 66,786   63,216      
Property and equipment, net 6,562,964   5,199,152      
Land use rights, net 1,861,744   1,261,660      
Intangible assets, net 39,641          
Operating lease right-of-use assets 356,451   498,461      
Goodwill 4,157,111   4,157,111      
Deferred tax assets 465,143   415,002      
Long-term investment 1,060,000   1,013,000      
Long-term financing receivables, net 891,465   713,192      
Other non-current assets 459,403   153,013      
TOTAL ASSETS 38,232,133   35,013,071      
Current liabilities:            
Short-term bank borrowings 9,997,971   9,493,958      
Accounts payable 1,872,690   1,807,676      
Advances from customers 1,784,726   1,518,925      
Income tax payable 221,411   418,358      
Operating lease liabilities, current 127,963   153,477      
Total current liabilities 17,200,297   16,239,991      
Non-current operating lease liabilities 231,108   338,499      
Deferred tax liabilities 96,771   82,618      
Total Liabilities 17,528,176   16,661,108      
Revenues 42,757,837   37,386,476   31,276,014  
Net income 2,351,994   3,177,733   2,003,952  
Net cash (used in)/provided by operating activities 1,574,423   (1,083,262)   (1,261,654)  
Net cash used in investing activities (2,296,716)   (1,279,070)   (536,180)  
Net cash provided by financing activities 816,712   1,727,401   1,971,478  
Net increase/(decrease) in cash and cash equivalents 94,419   (634,931)   173,644  
Cash, cash equivalents and restricted cash at beginning of year 2,291,188   2,926,119   2,752,475  
Cash, cash equivalents and restricted cash at end of year ¥ 2,385,607   ¥ 2,291,188   ¥ 2,926,119  
VIE revenues as a percentage to consolidated revenues 87.10% 87.10% 84.40% 84.40% 81.40%  
VIE assets as a percentage to consolidated assets 26.20%   23.60%     26.20%
VIE liabilities as a percentage to consolidated liabilities 73.40%   56.20%     73.40%
Assets held in the consolidated VIE that can be used only to settle obligations of the VIE ¥ 0          
ZTO Express and its subsidiaries (the "VIE") | Related Party            
Current assets            
Amounts due from related parties 14,442,090   ¥ 13,209,626      
Current liabilities:            
Amounts due to related parties 94,073   167,668      
ZTO Express and its subsidiaries (the "VIE") | Nonrelated Party            
Current liabilities:            
Other current liabilities 3,101,463   2,679,929      
Subsidiaries            
Current assets            
Amounts due from related parties ¥ 14,416,724   ¥ 13,183,246