STO(SZ:002468) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-12-01 23:25Investment Overview - The company approved a proposal for joint investment with professional institutions, where its wholly-owned subsidiary, Shanghai Shenche Supply Chain Management Co., Ltd., will invest 300 million yuan as a limited partner in the establishment of the Jicang Phase III Equity Investment Fund [1] Investment Progress - The Jicang Phase III has completed its business registration and obtained a business license from the Beijing Daxing District Market Supervision Administration [2] - The fund has also completed the filing procedures with the Asset Management Association of China and obtained the Private Investment Fund Filing Certificate [2] Investment Details - On November 27, 2025, the company was notified that Jicang Phase III, along with Hangzhou Youpeng and Guoshou Real Estate, established Hangzhou Shenji Logistics Partnership, with Jicang Phase III contributing 1 billion yuan and holding a 99.998% stake [3] - Hangzhou Shenji signed equity transfer agreements to acquire 100% stakes in three companies: Nanchang Chuanchang Network Technology Co., Ltd. for 143,921,380 yuan, Nanjing Yuntai IoT Technology Co., Ltd. for 212,228,601 yuan, and Hefei Chuantai IoT Technology Co., Ltd. for 184,602,338 yuan [4][20][21] Related Parties - Hangzhou Youpeng Enterprise Management Co., Ltd. is a limited liability company with a registered capital of 10 million yuan, primarily owned by Zhejiang Cainiao Supply Chain Management Co., Ltd., which holds 99.9% of its shares [6][7] - The three companies involved in the equity transfer (WLCC Changsha, WLCC Argus, and WLCC Hefei) are all wholly owned by Alibaba Group [8][10][12] Target Companies - Nanchang Chuanchang reported revenues of 34.24 million yuan and a net profit of 7.73 million yuan as of December 31, 2024 [14] - Nanjing Yuntai reported revenues of 50.04 million yuan and a net profit of 13.53 million yuan as of December 31, 2024 [17] - Hefei Chuantai reported revenues of 42.13 million yuan and a net profit of 11.84 million yuan as of December 31, 2024 [19]