STO(SZ:002468) Zhong Guo Ji Jin Bao·2025-07-27 00:42Core Viewpoint - Shentong Express plans to acquire 100% equity of Daniao Logistics for 362 million yuan to enhance its quality express delivery services and optimize its product structure [2][5]. Company Summary - Shentong Express's subsidiary will acquire Daniao Logistics, which is controlled by Alibaba Group through its subsidiaries [2]. - The acquisition is seen as a strategic move to integrate resources and build a differentiated competitive advantage in the express delivery market [5]. - Daniao Logistics has established a mature quality express network with 59 distribution centers and over 2,600 service points across China [5]. Industry Summary - The express delivery industry has experienced significant growth, with a projected business volume of 1.758 billion packages in 2024, a year-on-year increase of 21.5% [3]. - The average price per express delivery package is expected to decline by 6.33% to 8.01 yuan in 2024, indicating ongoing price pressures in the industry [3]. - The industry is in need of supply-side structural reforms to improve service quality and efficiency, reducing the risks of disorderly competition [4].