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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Dec. 31, 2023
CNY (¥)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
CNY (¥)
Current assets      
Cash and cash equivalents ¥ 12,333,884 $ 1,737,191 ¥ 11,692,773
Restricted cash 686,568 96,701 895,483
Accounts receivable, net 572,558 80,643 818,968
Financing receivables, net 1,135,445 159,924 951,349
Short-term investment 7,454,633 1,049,963 5,753,483
Inventories 28,074 3,954 40,537
Advances to suppliers 821,942 115,768 861,573
Prepayments and other current assets 3,772,377 531,328 3,146,378
Total current assets 26,953,548 3,796,327 24,475,027
Investments in equity investees 3,455,119 486,643 3,950,544
Property and equipment, net 32,181,025 4,532,603 28,813,204
Land use rights, net 5,637,101 793,969 5,442,951
Intangible assets, net 23,240 3,273 29,437
Operating lease right-of-use assets 672,193 94,676 808,506
Goodwill 4,241,541 597,409 4,241,541
Deferred tax assets 879,772 123,914 750,097
Long-term investment 12,170,881 1,714,233 7,322,545
Long-term financing receivables, net 964,780 135,886 1,295,755
Other non-current assets 701,758 98,841 816,839
TOTAL ASSETS 88,465,221 12,460,066 78,523,586
Current liabilities (including amounts of the consolidated VIE without recourse to ZTO Express (Cayman) Inc. See Note 2(b))      
Short-term bank borrowings 7,765,990 1,093,817 5,394,423
Accounts payable 2,557,010 360,147 2,202,692
Notes payable     200,000
Advances from customers 1,745,727 245,881 1,374,691
Income tax payable 333,257 46,938 228,422
Operating lease liabilities, current 186,253 26,233 229,718
Dividends payable 1,548 218 1,497
Total current liabilities 20,061,184 2,825,559 16,405,324
Non-current operating lease liabilities 455,879 64,209 510,349
Deferred tax liabilities 638,200 89,889 346,472
Convertible senior notes 7,029,550 990,091 6,788,971
Total Liabilities 28,184,813 3,969,748 24,051,116
Commitments and contingencies (Note 18)
Shareholders' equity      
Ordinary shares ( US$0.0001 par value; 10,000,000,000 shares authorized; 826,943,309 shares issued and 809,247,109 shares outstanding as of December 31, 2022; 812,866,663 shares issued and 804,719,252 shares outstanding as of December 31, 2023) 525 74 535
Additional paid-in capital 24,201,745 3,408,744 26,717,727
Treasury shares, at cost (11,671,525 and 3,000,000 shares as of December 31, 2022 and 2023, respectively) (510,986) (71,971) (2,062,530)
Retained earnings 36,301,185 5,112,915 29,459,491
Accumulated other comprehensive loss (190,724) (26,862) (86,672)
ZTO Express (Cayman) Inc. shareholders' equity 59,801,745 8,422,900 54,028,551
Non-controlling interests 478,663 67,418 443,919
Total Equity 60,280,408 8,490,318 54,472,470
TOTAL LIABILITIES AND EQUITY 88,465,221 12,460,066 78,523,586
Related Party      
Current assets      
Amounts due from related parties 148,067 20,855 314,483
Amounts due from related parties-non current 584,263 82,292 577,140
Current liabilities (including amounts of the consolidated VIE without recourse to ZTO Express (Cayman) Inc. See Note 2(b))      
Other current liabilities 234,683 33,054 49,138
Nonrelated Party [Member]      
Current liabilities (including amounts of the consolidated VIE without recourse to ZTO Express (Cayman) Inc. See Note 2(b))      
Other current liabilities ¥ 7,236,716 $ 1,019,271 ¥ 6,724,743