Sto Express Co.,Ltd. (Stock Code: 002468.SZ) recently released its 2025 annual report. The report shows that Sto Express's revenue for 2025 was 55.586 billion yuan, an increase of 17.84% compared to 47.169 billion yuan in the same period last year.
Sto Express's net profit attributable to shareholders of the listed company in 2025 was 1.369 billion yuan, an increase of 31.61% compared to 1.04 billion yuan in the same period last year. After deducting non-recurring gains and losses, the net profit was 1.395 billion yuan, an increase of 37% compared to 1.017 billion yuan in the previous year.
Sto Express's revenue for the fourth quarter of 2025 was 17.016 billion yuan, with a net profit of 613 million yuan and a non-GAAP net profit of 637 million yuan.
Sto Express's revenue for the first quarter of 2026 was 15.686 billion yuan, an increase of 30.74% compared to 12 billion yuan in the same period last year.
Sto Express's net profit for the first quarter of 2026 was 459 million yuan, an increase of 94% compared to 236 million yuan in the same period last year. After deducting non-recurring gains and losses, the net profit was 464 million yuan, an increase of 101% compared to 230 million yuan in the previous year.
Sto Express announced in July 2025 that it would acquire 100% equity of Daniao Logistics for 362 million yuan.
Daniao Logistics is primarily engaged in domestic quality express delivery and reverse logistics services. Specifically, Daniao Logistics provides one-stop express delivery services, including door-to-door collection, transit and distribution, and reverse returns, through its nationwide self-operated network for e-commerce platforms such as Tmall, Tmall Supermarket, and Taobao, as well as consumers, and ensures door-to-door delivery.
Prior to the transaction, Cainiao held 96.15% equity in Daniao Logistics, Alibaba Venture Capital held 2.95%, and Alibaba (China) Network Technology Co., Ltd. held 0.9%.
Sto Express strategically completed the acquisition of Daniao Logistics in 2025, and Daniao Logistics was formally included in the consolidated financial statements in November 2025, becoming the core vehicle for the company's strategic layout in the high-quality express delivery segment.
In other words, prior to the transaction, Daniao Logistics was a wholly-owned enterprise of Alibaba. Following the completion of this transaction, Daniao Logistics and its subsidiary holding companies will be included in the consolidated financial statements of Sto Express. Cainiao also realized 360 million yuan through this sale.
As of March 31, 2026, Zhejiang Cainiao Supply Chain Management Co., Ltd. holds 25% of the shares, Shanghai Gongzhirun Industrial Development Co., Ltd. holds 16.1%, Shanghai Deyin Investment Holding Co., Ltd. holds 7.76%, Shanghai Derun Second Industrial Development Co., Ltd. holds 4.9%, Chen Dejun holds 3.38%, and Chen Xiaoying holds 2.65%.
Hong Kong Securities Clearing Company Limited holds 2.09%, Zhuhai Tiankuo Investment Partnership (Limited Partnership) holds 1.19%, Taiping Life Insurance Co., Ltd. - Traditional - General Insurance Product 022L-CT001 Shenzhen holds 1.09%, and Shanghai Sixiao Investment Management Co., Ltd. - Sixiao Investment Wutong No.1 Private Securities Investment Fund holds 1.06%.
Shanghai Gongzhirun Industrial Development Co., Ltd., Shanghai Deyin Investment Holding Co., Ltd., Shanghai Derun Second Industrial Development Co., Ltd., Chen Dejun, Chen Xiaoying, and Shanghai Sixiao Investment Management Co., Ltd. - Sixiao Investment Wutong No.1 Private Securities Investment Fund are acting in concert.
Chen Dejun and Chen Xiaoying together control 35.85% of the company's equity.
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