On February 5, the Hurun Research Institute released the '2025 Hurun China 500 Strong' list. The list shows that ZTO Express (02057) is valued at 107 billion yuan, ranking 137th. This marks the seventh consecutive year that ZTO has been on the 'Hurun China 500 Strong' list since its first appearance in 2019.
According to Zhitong Finance APP, on February 5, the Hurun Research Institute released the '2025 Hurun China 500 Strong' list. The list shows that ZTO Express (02057) is valued at 107 billion yuan, ranking 137th. This marks the seventh consecutive year that ZTO has been on the 'Hurun China 500 Strong' list since its first appearance in 2019.
This is the seventh consecutive release of the 'Hurun China 500 Strong' by the Hurun Research Institute. The list ranks China’s top 500 non-state-owned enterprises based on their corporate value. Market capitalization for listed companies was calculated using the closing price as of November 14, 2025, while valuations for non-listed companies were estimated based on peer listed companies or their latest round of financing. The list indicates that this year's threshold for inclusion increased by 7.5 billion yuan compared to last year, reaching 34 billion yuan (a 28% increase). The total value of the top 500 companies rose by 21 trillion yuan (a 38% increase) from the previous year, reaching 77 trillion yuan.
Meanwhile, the Hurun Research Institute also released the '2025 Hurun China Brands List,' with both ZTO Express and ZTO Freight making the list. The list shows that ZTO Express ranked 91st with a brand value of 15.5 billion yuan, while ZTO Freight ranked 443rd with a brand value of 2 billion yuan, marking their first appearance on this list.
This is the twentieth consecutive release of the China Brands List by the Hurun Research Institute, which aims to identify the most valuable brands targeting Chinese consumers.
