Zhong Zheng Wang·2025-11-17 11:41Core Viewpoint - Shentong Express has extended the stock option exercise period with Alibaba Network until December 27, 2028, at a price of 16.413 yuan per share, reflecting a long-term strategic collaboration and recognition of Shentong's value by Alibaba [1] Company Summary - The adjustment of the stock option exercise period is based on a consensus for long-term strategic cooperation, providing ample time for collaboration [1] - Since the strategic partnership with Alibaba, Shentong has made significant progress in digital upgrades and capacity enhancement, with an expected daily capacity exceeding 90 million by year-end [1] - The company aims to continue its "seeking progress while maintaining stability" development strategy and accelerate digital transformation to create long-term stable value for investors and customers [1] Industry Summary - Major domestic express brands have similar business shares across major platforms such as Taobao, Douyin, and Pinduoduo [1] - The agreement adjustment is expected to help Shentong maintain an independent and diversified operational structure, potentially enhancing its attractiveness in the capital market and consolidating its competitive advantage in the industry [1]