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ZTO Express Cancels NYSE-Repurchased ADS Shares in December 2025, Reducing Class A Float

Story Highlights
  • ZTO Express cancelled 8,940,321 repurchased Class A shares on December 24, 2025, reducing its issued Hong Kong-listed float.
  • The company left authorised capital and 2027 convertible notes unchanged, confirming all December share actions met regulatory requirements.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ZTO Express Cancels NYSE-Repurchased ADS Shares in December 2025, Reducing Class A Float

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

In a regulatory filing dated January 5, 2026, ZTO Express reported its monthly return for the period ended December 31, 2025 to the Hong Kong Stock Exchange, detailing no changes in its authorised share capital but a reduction in its issued Class A ordinary shares. The company cancelled 8,940,321 Class A shares on December 24, 2025, corresponding to American depositary shares repurchased on the New York Stock Exchange between late September and November 2025, trimming its Hong Kong-listed Class A share count to 589,428,169 while its Class B and undesignated weighted voting rights shares remained unchanged. ZTO also disclosed that its US$1 billion in 2027 convertible senior notes remained outstanding with no conversions during the month, leaving the potential issuance of additional Class A shares via conversion unchanged, and confirmed that all share-related actions complied with applicable Hong Kong listing and legal requirements, underscoring continued execution of its capital management and buyback strategy.

The most recent analyst rating on (ZTO) stock is a Buy with a $23.00 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 company headquartered in Shanghai, China, operating primarily in the parcel and e-commerce delivery segment. Listed in both the United States and Hong Kong, the company uses a weighted voting rights share structure with Class A ordinary shares traded on the Stock Exchange of Hong Kong, reflecting its focus on international capital markets as it supports China’s fast-growing e-commerce and logistics ecosystem.

Average Trading Volume: 1,646,505

Technical Sentiment Signal: Buy

Current Market Cap: $16.65B

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

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