The buyback execution is routine and does not alter the fundamental outlook. Monitor the next quarterly report (20-F or 6-K earnings) for revenue and profitability trends, which will determine whether the capital return program is supported by cash flow.
Price Chart
Executive Summary
ZTO Express filed Next Day Disclosure Returns covering daily ADS repurchases on the NYSE from August 12–28, 2026. A total of 5,167,868 ADS (Class A ordinary shares) were bought back for cancellation at prices between $21.04 and $23.00, with aggregate daily payments of approximately $5M. The repurchases are part of the existing buyback mandate authorized on June 16, 2026, and represent 0.67% of issued shares. No financial results, guidance, or other material events are included.
Key Facts
- Repurchased 5,167,868 ADS (Class A ordinary shares) from August 12–28, 2026, all for cancellation.
- Repurchase prices ranged from $21.04 to $23.00 per ADS.
- Aggregate daily payments were approximately $4.995M per trading day.
- Remaining authorization under the June 16, 2026 mandate: 71,432,088 shares (93.3% of 76,599,956).
- No new financial or operational disclosures in this filing.
Financial Impact
Approximately $65M spent on buybacks over 13 trading days, representing ~0.4% of market cap.
Risk Factors
- Buyback pace may slow if cash flow weakens or operating conditions deteriorate.
- No guidance or earnings update in this filing; reliance on prior mixed annual results.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-103533 |
| Document: tm2624345d1_ex99-4.htm | 0001104659-26-103533 |
| Document: tm2624345d1_ex99-3.htm | 0001104659-26-103533 |
| Document: tm2624345d1_ex99-2.htm | 0001104659-26-103533 |
| Document: tm2624345d1_ex99-1.htm | 0001104659-26-103533 |
| Document: tm2624345d1_6k.htm | 0001104659-26-103533 |
| Document: 0001104659-26-103533-index-headers.html | 0001104659-26-103533 |
| Document: 0001104659-26-103533-index.html | 0001104659-26-103533 |
| Document: 0001104659-26-103533.txt | 0001104659-26-103533 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 6-K | $19.98 | awaiting T+20 | — | $20.05 (+0.35%) |
Oct 20, 2026 7d ago | 6-K | $20.22 | awaiting T+20 | — | $20.05 (−0.84%) |
Oct 16, 2026 11d ago | 6-K | $20.17 | awaiting T+20 | — | $20.05 (−0.59%) |
Oct 13, 2026 14d ago | 6-K | $20.67 | awaiting T+20 | — | $20.05 (−3.00%) |
Oct 5, 2026 22d ago | 6-K | $19.70 | awaiting T+20 | — | $20.05 (+1.78%) |
Sep 28, 2026 29d ago | 6-K | $19.67 $19.98 | ▲ +1.58% | ▲ +1.61% | $20.05 (+1.93%) |
Sep 22, 2026 5w ago | SC 13D/A | $19.84 $20.22 | ▼ −1.92% | ▼ −2.48% | $20.05 (−1.06%) |
Sep 21, 2026 5w ago | 6-K | $19.45 $20.06 | ▲ +3.14% | ▲ +4.04% | $20.05 (+3.08%) |
Sep 14, 2026 6w ago | 6-K | $20.90 $20.45 | ▼ −2.15% | ▼ −4.42% | $20.05 (−4.07%) |
Sep 11, 2026 6w ago | 6-K | $20.61 $20.15 | ▼ −2.23% | ▼ −4.10% | $20.05 (−2.72%) |
US Market Status
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