ZTO Cash Conversion Ratio

ZTO Express (Cayman) Inc. American Depositary Shares, each representing one Class A ordinary share. · Cash Conversion Ratio

ZTO Cash Conversion Ratio

Current (TTM)0.49×retrievedOct 20, 2026

ZTO Cash Conversion Ratio (0.69× → 0.49×)

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ZTO cash conversion ratio history

Annual fiscal periods. Dates are reporting period ends; fiscal years can differ from calendar years.

ZTO Express (Cayman) Inc. American Depositary Shares, each representing one Class A ordinary share. Cash Conversion Ratio — Annual fiscal periods

Period ending	Cash Conversion Ratio
Dec 31, 2025	0.7438×
Dec 31, 2024	0.6269×
Dec 31, 2023	0.7648×
Dec 31, 2022	0.5972×
Dec 31, 2021	-0.4432×
Dec 31, 2020	-0.9872×
Dec 31, 2019	0.1899×
Dec 31, 2018	0.0965×
Dec 31, 2017	0.2544×
Dec 31, 2016	-0.0743×
Dec 31, 2015	0.2941×
Dec 31, 2014	0.693×