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ZTO Express Cancels 25.6 Million Class A Shares Following February Buybacks

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ZTO Express Cancels 25.6 Million Class A Shares Following February Buybacks

Meet Samuel – Your Personal Investing Prophet

ZTO Express ( (ZTO) ) has provided an update.

ZTO Express reported to Hong Kong Exchanges and Clearing that its total authorised share capital remained unchanged at US$1 million as of March 31, 2026, across its Class A, Class B and undesignated weighted voting rights ordinary shares. The company confirmed compliance with Hong Kong’s minimum public float requirements for its listed Class A shares.

During March 2026, ZTO’s issued Class A share count fell from 589,428,169 to 563,800,693 after cancelling 25,627,476 shares tied to earlier repurchase activities in February 2026. These cancellations included 7,373,076 Class A shares represented by American depositary shares repurchased on the New York Stock Exchange and 18,254,400 Class A shares repurchased concurrently with a February 4, 2026 offering of convertible senior notes, while its outstanding 2027 and 2031 convertible notes remained unchanged.

The most recent analyst rating on (ZTO) stock is a Hold with a $26.00 price target. To see the full list of analyst forecasts on ZTO Express stock, see the ZTO Stock Forecast page.

Spark’s Take on ZTO Stock

According to Spark, TipRanks’ AI Analyst, ZTO is a Outperform.

ZTO Express scores well due to its strong financial performance and stable valuation. The technical analysis indicates bullish momentum, although overbought conditions could pose short-term risks. The absence of recent earnings call data and corporate events means these factors do not influence the score.

To see Spark’s full report on ZTO stock, click here.

More about ZTO Express

ZTO Express (Cayman) Inc. is a leading express delivery and logistics provider based in Shanghai, China, operating through a network model to serve China’s fast-growing e-commerce and parcel delivery market. The company is incorporated in the Cayman Islands with weighted voting rights and maintains listings in both Hong Kong and the United States.

Average Trading Volume: 2,094,004

Technical Sentiment Signal: Buy

Current Market Cap: $18.26B

Learn more about ZTO stock on TipRanks’ Stock Analysis page.

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