STO(SZ:002468) Zheng Quan Shi Bao Wang·2025-10-29 08:04Core Viewpoint - Shentong Express has shown significant growth in both revenue and net profit in Q3 2025, driven by its digital transformation strategy and adherence to long-term business principles [1][2]. Financial Performance - In Q3, Shentong Express achieved a revenue of 13.546 billion yuan, a year-on-year increase of 13.62% [1]. - The net profit attributable to shareholders reached 302 million yuan, marking a substantial year-on-year growth of 40.32% [1]. - For the year-to-date, the company reported cumulative revenue of 38.570 billion yuan, up 15.17%, and a net profit of 756 million yuan, an increase of 15.81% [1]. Business Volume and Market Position - In the first three quarters, Shentong Express completed a total business volume of 18.863 billion parcels, reflecting a year-on-year growth of 17.1% [1]. - The market share remained stable at 13.0%, with Q3 business volume reaching 6.515 billion parcels, a 10.8% increase year-on-year, and market share rising to 13.18% [1]. Strategic Initiatives - The company has focused on digital transformation and service quality enhancement, investing in AI systems and logistics technologies to improve operational efficiency and customer experience [2]. - The optimization of regional networks, particularly in Yiwu, has led to a streamlined number of service points, enhancing service capabilities and achieving growth targets [2]. Industry Environment - The overall express delivery industry in China has experienced a positive trend with both volume and price increasing, supported by a 17.2% year-on-year growth in business volume and an 8.9% increase in revenue [3]. - The shift from price competition to a focus on service quality and operational efficiency has been noted, with Shentong's average revenue per parcel rising to 2.05 yuan in Q3 [3]. Future Outlook - The growth potential in the industry remains strong, driven by expanding consumer markets and the rise of new retail models [3]. - Shentong Express is expected to leverage its operational efficiency and service quality to capture strategic opportunities during the industry's recovery phase, aiming for coordinated growth in business scale and profitability [4].