ZTO Express Statements
20
ZTO Express Income Statement
B
M
CNY (except Earnings per share)
Financial
Revenue
Cost of sales
Gross profit
Research and development
Selling, general and administrative
Total operating expenses
Operating income
Interest expense
Other income
Income before tax
Provision for income taxes
Net income
Diluted earnings per share
Shares outstanding after dilution
10 725.96
100
7 105.49
66.2
3 620.48
33.8
—
0
592.98
5.5
405.28
3.8
3 215.2
30
242.26
2.3
—
0
3 274.69
30.5
665.01
6.2
2 611.8
24.4
3.11
839.7
9 960.01
100
6 957.92
69.9
3 002.09
30.1
—
0
896.64
9
735.38
7.4
2 266.7
22.8
209.21
2.1
—
0
1 998
20.1
566.3
5.7
1 426.05
14.3
1.706
836.14
10 619.43
100
7 491.19
70.5
3 128.25
29.5
—
0
700.36
6.6
373.15
3.5
2 755.09
25.9
106.3
1
—
0
2 856.81
26.9
636.62
6
2 192.31
20.6
2.618
837.27
9 075.92
100
6 369.47
70.2
2 706.44
29.8
—
0
433.68
4.8
282.83
3.1
2 423.61
26.7
175.76
1.9
—
0
2 610.21
28.8
271.39
3
2 345.16
25.8
2.798
838.29
9 740.32
100
6 435.9
66.1
3 304.43
33.9
—
0
504.61
5.2
425.65
4.4
2 878.78
29.6
227.66
2.3
—
0
3 105.68
31.9
575.59
5.9
2 541.2
26.1
3.026
839.76
8 983.24
100
6 459.83
71.9
2 523.41
28.1
—
0
786.61
8.8
572.97
6.4
1 950.44
21.7
165.56
1.8
—
0
2 116
23.6
455.01
5.1
1 670.34
18.6
1.987
840.49
9 871.33
100
7 098.77
71.9
2 772.56
28.1
—
0
560.86
5.7
312.73
3.2
2 459.84
24.9
128.19
1.3
—
0
2 597.11
26.3
500.52
5.1
2 162.61
21.9
2.57
841.46
8 944.94
100
6 500.53
72.7
2 444.41
27.3
—
0
441.41
4.9
269.57
3
2 174.84
24.3
139.18
1.6
—
0
2 348.2
26.3
439.39
4.9
1 934.99
21.6
2.357
821.08
8 656.68
100
6 453.85
74.6
2 202.82
25.4
—
0
456.91
5.3
217.27
2.5
1 985.55
22.9
201.62
2.3
—
0
2 187.17
25.3
438.2
5.1
1 805.18
20.9
2.229
809.73
7 904.05
100
6 284.57
79.5
1 619.48
20.5
—
0
618.2
7.8
503.22
6.4
1 116.26
14.1
37.717
0.5
—
0
1 153.97
14.6
255.22
3.2
906.27
11.5
1.121
808.69
9 217.52
100
6 966.6
75.6
2 250.92
24.4
—
0
472.28
5.1
196.92
2.1
2 054
22.3
46.709
0.5
—
0
2 103.07
22.8
371.43
4
1 762.33
19.1
2.18
808.32
7 390.72
100
5 822.44
78.8
1 568.28
21.2
—
0
389.36
5.3
207.81
2.8
1 360.47
18.4
36.572
0.5
—
0
1 397.05
18.9
229.53
3.1
1 166.7
15.8
1.429
816.34
7 325.06
100
5 651.42
77.2
1 673.64
22.8
—
0
394.01
5.4
217.99
3
1 455.65
19.9
75.182
1
—
0
1 530.84
20.9
254.86
3.5
1 292.17
17.6
1.562
827.02
6 472.54
100
5 376
83.1
1 096.53
16.9
—
0
620.22
9.6
463.65
7.2
632.88
9.8
75.366
1.2
—
0
708.25
10.9
149.64
2.3
533.63
8.2
0.644
828.5
8 257.14
100
6 398.81
77.5
1 858.33
22.5
—
0
417.57
5.1
291.7
3.5
1 566.63
19
10.634
0.1
—
0
1 578.35
19.1
289.61
3.5
1 288.14
15.6
1.546
833.26
6 638.84
100
5 247.88
79
1 390.95
21
—
0
373.67
5.6
221.83
3.3
1 169.12
17.6
18.593
0.3
—
0
1 187.71
17.9
-27.845
-0.4
1 201.02
18.1
1.53
784.87
6 402.42
100
4 633.26
72.4
1 769.16
27.6
—
0
312.42
4.9
122.55
1.9
1 646.61
25.7
107.72
1.7
—
0
1 754.33
27.4
298.3
4.7
1 448.35
22.6
1.848
783.89