---
title: "ZTO Express Cancels Repurchased ADS-Linked Shares, Trimming Class A Float"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294190858.md"
description: "ZTO Express announced the cancellation of 6,469,787 repurchased Class A ADS-linked shares on July 29, 2026. This reduction decreased the Class A float from approximately 563.8 million to 557.3 million shares, representing a 0.84% decrease. The move, compliant with Hong Kong listing rules, aims to enhance per-share metrics through capital management."
datetime: "2026-07-29T10:27:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294190858.md)
  - [en](https://longbridge.com/en/news/294190858.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294190858.md)
---

# ZTO Express Cancels Repurchased ADS-Linked Shares, Trimming Class A Float

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

On July 29, 2026, ZTO Express filed a Form 6-K in the U.S. and a Next Day Disclosure Return in Hong Kong, reporting changes to its issued share capital. The company cancelled 6,469,787 Class A ordinary shares underlying American depositary shares that had been repurchased across multiple trading days from May 20 through July 6, 2026, reducing its Class A float from 563,800,693 to 557,330,906 shares.

Following the cancellation, ZTO’s total issued share count stood at 557,330,906 Class A shares and 206,100,000 Class B shares, with the reduction representing about 0.84% of its Class A shares. The company confirmed the actions were duly authorised and compliant with Hong Kong listing rules, underscoring its ongoing capital management efforts and potentially enhancing per-share metrics for remaining shareholders through a smaller share base.

The most recent analyst rating on (ZTO) stock is a Buy  
with a $31.60 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 Neutral.

The score is primarily driven by solid underlying profitability and operating cash flow, tempered by weaker recent trendlines (slowing growth, margin compression, higher debt, and softer free-cash-flow conversion). Valuation is a positive offset (moderate P/E and ~3% yield), while technicals are mixed and slightly detract due to uneven moving-average positioning and stretched short-term momentum.

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

**More about ZTO Express**

ZTO Express (Cayman) Inc. is a major Chinese express delivery and logistics provider, operating with a dual-class share structure that includes weighted voting rights. Listed in both the United States and Hong Kong, the company focuses on parcel delivery services that support China’s e-commerce sector and cross-border trade, positioning it as a key player in regional logistics infrastructure.

**Average Trading Volume:** 1,640,411

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** $18.13B

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## Related News & Research

- [ZTO Express Q2 2026 Earnings Preview](https://longbridge.com/en/news/296149351.md)
- [ZTO Express Non-GAAP EPADS of $0.59 beats by $0.08, revenue of $2.14B misses by $20M](https://longbridge.com/en/news/296274570.md)
- [ZTO Express files HKEX next-day disclosure return, reports share repurchase for cancellation](https://longbridge.com/en/news/296174124.md)
- [ZTO Express files board, committee membership list with disclosure responsibilities](https://longbridge.com/en/news/296274829.md)
- [ZTO Express files HKEX next-day disclosure return on share repurchase, cancellation](https://longbridge.com/en/news/296036043.md)