STO(SZ:002468) Jiang Nan Shi Bao·2025-11-05 08:13Core Insights - Shentong Express has successfully completed the acquisition of 100% equity in Zhejiang Daniao Logistics Technology Co., Ltd, making it the first express delivery company in China to operate both franchise and direct sales networks [1][4]. Group 1: Acquisition Details - The acquisition transaction was completed with a cash payment of 362 million yuan, and Daniao will now be a wholly-owned subsidiary of Shentong Express, included in the consolidated financial statements [4]. - Daniao's registered capital is 498 million yuan, and it has a broad business scope including express services, road freight transport, and food sales [4]. Group 2: Regulatory Approval - On October 29, Shentong Express received a non-prohibition decision from the State Administration for Market Regulation regarding the acquisition, indicating regulatory approval for the transaction [4]. Group 3: Financial Performance - In Q3 2025, Shentong Express reported revenue of 13.546 billion yuan, a year-on-year increase of 13.62%, and a net profit attributable to shareholders of 302 million yuan, up 40.32% [4]. - For the first three quarters, the company achieved a revenue of 38.570 billion yuan, a 15.17% increase year-on-year, with a net profit of 756 million yuan, reflecting a growth of 15.81% [4]. Group 4: Business Volume and Market Position - In the first three quarters, Shentong Express completed a delivery volume of 18.86 billion parcels, marking a year-on-year growth of 17.1%, and held a market share of 13% [5].