STO(SZ:002468) Xin Lang Cai Jing·2025-09-25 01:28Core Viewpoint - Shentong Express has shown a mixed performance in terms of stock trading and financial metrics, with notable increases in revenue and shareholder numbers, but also high levels of financing and short-selling activity [1][2]. Group 1: Stock Performance - On September 24, Shentong Express's stock fell by 0.05%, with a trading volume of 455 million yuan [1]. - The financing buy-in amount for Shentong Express on the same day was 63.2 million yuan, while the financing repayment was 55.1 million yuan, resulting in a net financing buy of 8.1 million yuan [1]. - As of September 24, the total financing and securities lending balance for Shentong Express was 462 million yuan [1]. Group 2: Financing and Short Selling - The current financing balance for Shentong Express is 459 million yuan, accounting for 1.62% of its market capitalization, which is above the 70th percentile of the past year [1]. - On September 24, Shentong Express repaid 19,700 shares in securities lending and sold 38,200 shares, with a selling amount of 717,400 yuan [1]. - The securities lending balance is 2.8 million yuan, which exceeds the 90th percentile of the past year, indicating a high level of short-selling activity [1]. Group 3: Financial Performance - For the first half of 2025, Shentong Express reported a revenue of 25.0 billion yuan, representing a year-on-year growth of 16.02% [2]. - The net profit attributable to shareholders for the same period was 453 million yuan, reflecting a year-on-year increase of 3.73% [2]. - Since its A-share listing, Shentong Express has distributed a total of 1.6 billion yuan in dividends, with 131 million yuan distributed in the last three years [2]. Group 4: Shareholder Information - As of June 30, 2025, the number of shareholders for Shentong Express increased to 42,500, up by 11.27% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 10.13% to 35,095 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 43.2 million shares, a decrease of 19.7 million shares from the previous period [2].