STO(SZ:002468) 阿尔法工场研究院·2026-01-23 04:09Core Viewpoint - The article discusses the ongoing legal dispute between Chen Xiaoying, co-founder of Shentong Express, and her ex-husband Xi Chunyang over the division of shares valued at approximately 278 million yuan, highlighting the complexities of asset division post-divorce in the context of corporate governance and ownership [3][5][6]. Group 1: Legal Dispute - Chen Xiaoying is being sued by her ex-husband Xi Chunyang for the transfer of approximately 20.2842 million shares of Shentong Express, which represents 2.65% of the company, valued at around 278 million yuan [3][6]. - Xi Chunyang claims that these shares were part of the marital property agreed upon during their divorce and should be divided equally [3][5]. - Legal experts suggest that if Xi Chunyang can provide sufficient evidence supporting his claim, he may have a high chance of winning the case [5]. Group 2: Company Background - Shentong Express was co-founded by Chen Xiaoying and her first husband, Nie Tengfei, in 1993, and has since become a significant player in China's express delivery industry [9][10]. - Following Nie Tengfei's death in 1998, Chen Xiaoying continued to manage the company alongside her brother, Chen Dejun, who became the chairman [9][10]. - The company went public in 2015 through a reverse merger and has since engaged in strategic partnerships, including a significant investment from Alibaba in 2019 [22][23]. Group 3: Financial Performance - As of 2025, Shentong Express reported a revenue of 54.861 billion yuan, completing a business volume of 26.138 billion parcels, ranking it second to last among major private express companies [26]. - The company has seen fluctuations in its per parcel revenue, with a reported increase of 15.35% year-on-year, reaching 2.33 yuan per parcel [28]. - Shentong Express is currently seeking to raise up to 2 billion yuan through the issuance of medium-term notes to support its liquidity and operational needs [28].