The steady ~$5M/day buyback pace provides a modest price floor but does not represent a new catalyst. Monitor for any change in repurchase velocity or completion of the mandate. The next quarterly earnings (likely August 2026) will provide fundamental context.
Price Chart
Executive Summary
ZTO Express filed a 6-K with five Next Day Disclosure Returns (FF305) reporting daily share repurchases on the NYSE from May 20 to June 11, 2026. Each day's repurchase totaled approximately $5 million, with cumulative repurchases of 19,778,063 Class A ordinary shares (2.4585% of issued shares) under the existing buyback mandate. This is a routine disclosure of ongoing capital return activity with no new material information.
Key Facts
- Daily ADS repurchases of ~$5M from May 20 to June 11, 2026, at prices ranging from $21.88 to $22.86 per ADS.
- Cumulative repurchases under the mandate: 19,778,063 shares (2.4585% of issued shares as of June 11, 2026).
- Repurchase mandate authorized on June 17, 2025, with total authorization of 80,446,849 shares.
- All repurchased shares are for cancellation; none held as treasury shares.
- 30-day moratorium on new share issuance after each repurchase (next ends July 11, 2026).
Financial Impact
Approximately $5M per day in share repurchases, totaling ~$80M over the reported period (May 20–June 11).
Risk Factors
- Buyback pace may slow or stop if management reallocates capital.
- Share repurchases do not offset underlying business performance risks (e.g., declining profitability per the prior 20-F).
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-073808 |
| Document: tm2617941d1_ex99-4.htm | 0001104659-26-073808 |
| Document: tm2617941d1_ex99-3.htm | 0001104659-26-073808 |
| Document: tm2617941d1_ex99-2.htm | 0001104659-26-073808 |
| Document: tm2617941d1_ex99-1.htm | 0001104659-26-073808 |
| Document: tm2617941d1_6k.htm | 0001104659-26-073808 |
| Document: 0001104659-26-073808-index-headers.html | 0001104659-26-073808 |
| Document: 0001104659-26-073808-index.html | 0001104659-26-073808 |
| Document: 0001104659-26-073808.txt | 0001104659-26-073808 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 6-K | $19.85 | awaiting T+20 | — | $20.00 (+0.73%) |
Oct 20, 2026 7d ago | 6-K | $20.22 | awaiting T+20 | — | $20.00 (−1.11%) |
Oct 16, 2026 11d ago | 6-K | $20.17 | awaiting T+20 | — | $20.00 (−0.87%) |
Oct 13, 2026 14d ago | 6-K | $20.67 | awaiting T+20 | — | $20.00 (−3.27%) |
Oct 5, 2026 22d ago | 6-K | $19.70 | awaiting T+20 | — | $20.00 (+1.50%) |
Sep 28, 2026 29d ago | 6-K | $19.67 $19.98 | ▲ +1.58% | ▲ +1.61% | $20.00 (+1.65%) |
Sep 22, 2026 5w ago | SC 13D/A | $19.84 $20.22 | ▼ −1.92% | ▼ −2.48% | $20.00 (−0.78%) |
Sep 21, 2026 5w ago | 6-K | $19.45 $20.06 | ▲ +3.14% | ▲ +4.04% | $20.00 (+2.80%) |
Sep 14, 2026 6w ago | 6-K | $20.90 $20.45 | ▼ −2.15% | ▼ −4.42% | $20.00 (−4.33%) |
Sep 11, 2026 6w ago | 6-K | $20.61 $20.15 | ▼ −2.23% | ▼ −4.10% | $20.00 (−2.98%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers