Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥16.02, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Logistics industry in China. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.68 per share. Tillkännagivande • Jun 30
STO Express Co.,Ltd to Report First Half, 2026 Results on Aug 28, 2026 STO Express Co.,Ltd announced that they will report first half, 2026 results on Aug 28, 2026 Tillkännagivande • Jun 25
STO Express Co.,Ltd (SZSE:002468) announces an Equity Buyback for CNY 450 million worth of its shares. STO Express Co.,Ltd (SZSE:002468) announces a share repurchase program. Under the program, the company will repurchase up to CNY 450 million worth of its shares. The shares will be purchased at a price not exceeding CNY 22 per share. The repurchased shares will be used for ESOP or equity incentives. Shares not used within 3 years after the completion of the repurchase will be cancelled. The program will be funded from company's own funds and self-financing. The program will be valid for 12 months from board approval date. Declared Dividend • Jun 06
Dividend increased to CN¥0.10 Dividend of CN¥0.10 is 49% higher than last year. Ex-date: 10th June 2026 Payment date: 10th June 2026 Dividend yield will be 0.7%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has remained flat since 9 years ago. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Fang Yang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Apr 28
STO Express Co.,Ltd, Annual General Meeting, May 26, 2026 STO Express Co.,Ltd, Annual General Meeting, May 26, 2026, at 15:00 China Standard Time. Location: 6F, No. 58, Chongda Road, Qingpu District, Shanghai China Tillkännagivande • Mar 31
STO Express Co.,Ltd to Report Q1, 2026 Results on Apr 28, 2026 STO Express Co.,Ltd announced that they will report Q1, 2026 results on Apr 28, 2026 Tillkännagivande • Dec 31
STO Express Co.,Ltd to Report Fiscal Year 2025 Results on Apr 28, 2026 STO Express Co.,Ltd announced that they will report fiscal year 2025 results on Apr 28, 2026 Tillkännagivande • Sep 30
STO Express Co.,Ltd to Report Q3, 2025 Results on Oct 28, 2025 STO Express Co.,Ltd announced that they will report Q3, 2025 results on Oct 28, 2025 Tillkännagivande • Jul 02
STO Express Co.,Ltd to Report First Half, 2025 Results on Aug 29, 2025 STO Express Co.,Ltd announced that they will report first half, 2025 results on Aug 29, 2025 Tillkännagivande • May 28
STO Express Co.,Ltd Approves A Share Cash Dividend for the Year 2024, Payable on 05 June 2025 STO Express Co.,Ltd. at its AGM held on May 26, 2025, approved A share cash dividend/10 shares (tax included) of CNY 0.67000000 for the year 2024. Record date: 04 June 2025, Ex-date: 05 June 2025, Payment date: 05 June 2025. Tillkännagivande • Apr 25
STO Express Co.,Ltd, Annual General Meeting, May 26, 2025 STO Express Co.,Ltd, Annual General Meeting, May 26, 2025, at 15:00 China Standard Time. Location: 6F, No. 58, Chongda Road, Qingpu District, Shanghai China Tillkännagivande • Mar 31
STO Express Co.,Ltd to Report Q1, 2025 Results on Apr 25, 2025 STO Express Co.,Ltd announced that they will report Q1, 2025 results on Apr 25, 2025 Tillkännagivande • Dec 31
STO Express Co.,Ltd to Report Fiscal Year 2024 Results on Apr 25, 2025 STO Express Co.,Ltd announced that they will report fiscal year 2024 results on Apr 25, 2025 Tillkännagivande • Dec 22
STO Express Co.,Ltd (SZSE:002468) announces an Equity Buyback for CNY 250 million worth of its shares. STO Express Co.,Ltd (SZSE:002468) announces a share repurchase program. Under the program, the company will repurchase up to CNY 250 million worth of its shares. The shares will be purchased at a price not exceeding CNY 15 per share. The purpose of the program is to improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the employees, and jointly promote the company's long-term development. The repurchased shares will be used for employee stock ownership plans or equity incentive plans, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds and self-raised funds. The program will be valid for 12 months. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.002 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.14 (up from CN¥0.002 in 3Q 2023). Revenue: CN¥11.9b (up 16% from 3Q 2023). Net income: CN¥215.5m (up CN¥212.8m from 3Q 2023). Profit margin: 1.8% (up from 0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Sep 30
STO Express Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 STO Express Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥10.67, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Logistics industry in China. Total returns to shareholders of 38% over the past three years. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.052 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.052 in 2Q 2023). Revenue: CN¥11.4b (up 11% from 2Q 2023). Net income: CN¥246.7m (up 189% from 2Q 2023). Profit margin: 2.2% (up from 0.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jun 29
STO Express Co.,Ltd to Report First Half, 2024 Results on Aug 31, 2024 STO Express Co.,Ltd announced that they will report first half, 2024 results on Aug 31, 2024 Tillkännagivande • Jun 13
STO Express Co.,Ltd Approves 2023 Final Dividend for A Shares, Payable on 19 June 2024 STO Express Co.,Ltd. approved 2023 final distribution plan to be implemented (A shares) cash dividend/10 shares tax included of CNY 0.20000000. Record date: 18 June 2024. Ex-date: 19 June 2024. Payment date: 19 June 2024. Tillkännagivande • Apr 27
STO Express Co.,Ltd Proposes Final Cash Dividend for the Year 2023 STO Express Co.,Ltd proposed final cash dividend/10 shares (tax included) is CNY 0.20000000 for the year 2023. Tillkännagivande • Apr 26
STO Express Co.,Ltd, Annual General Meeting, May 20, 2024 STO Express Co.,Ltd, Annual General Meeting, May 20, 2024, at 15:00 China Standard Time. Location: 6F, No. 58, Chongda Road, Qingpu District, Shanghai China Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.09 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.09 in 1Q 2023). Revenue: CN¥10.1b (up 16% from 1Q 2023). Net income: CN¥190.3m (up 43% from 1Q 2023). Profit margin: 1.9% (up from 1.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 30
STO Express Co.,Ltd to Report Q1, 2024 Results on Apr 25, 2024 STO Express Co.,Ltd announced that they will report Q1, 2024 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥7.77, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 10x in the Logistics industry in China. Total loss to shareholders of 25% over the past three years. Tillkännagivande • Dec 30
STO Express Co.,Ltd to Report Fiscal Year 2023 Results on Apr 25, 2024 STO Express Co.,Ltd announced that they will report fiscal year 2023 results on Apr 25, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.002 (vs CN¥0.016 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.002 (down from CN¥0.016 in 3Q 2022). Revenue: CN¥10.2b (up 12% from 3Q 2022). Net income: CN¥2.74m (down 88% from 3Q 2022). Profit margin: 0% (down from 0.2% in 3Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.052 (vs CN¥0.051 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.052 (up from CN¥0.051 in 2Q 2022). Revenue: CN¥10.3b (up 33% from 2Q 2022). Net income: CN¥85.4m (up 3.9% from 2Q 2022). Profit margin: 0.8% (down from 1.1% in 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 16% per year. Tillkännagivande • May 06
STO Express Co.,Ltd, Annual General Meeting, May 22, 2023 STO Express Co.,Ltd, Annual General Meeting, May 22, 2023, at 15:00 China Standard Time. Agenda: To consider 2022 annual report and its summary; to consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual accounts; to consider 2022 profit distribution plan; to consider Reappointment of 2023 audit firm; to consider Investment and wealth management with idle raised funds; and to discuss other matters. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.07 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.09 (up from CN¥0.07 in 1Q 2022). Revenue: CN¥8.74b (up 22% from 1Q 2022). Net income: CN¥132.9m (up 25% from 1Q 2022). Profit margin: 1.5% (in line with 1Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Logistics industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Buying Opportunity • Dec 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be CN¥12.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hongbo Shen was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.016 (vs CN¥0.056 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.016 (up from CN¥0.056 loss in 3Q 2021). Revenue: CN¥9.12b (up 55% from 3Q 2021). Net income: CN¥22.3m (up CN¥113.9m from 3Q 2021). Profit margin: 0.2% (up from net loss in 3Q 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Logistics industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 03
Second quarter 2022 earnings released: EPS: CN¥0.051 (vs CN¥0.04 loss in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.051 (up from CN¥0.04 loss in 2Q 2021). Revenue: CN¥7.81b (up 36% from 2Q 2021). Net income: CN¥82.2m (up CN¥139.0m from 2Q 2021). Profit margin: 1.1% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 16%, compared to a 24% growth forecast for the Logistics industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Board Change • May 31
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hongbo Shen was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.06 loss in 1Q 2021) First quarter 2022 results: EPS: CN¥0.07 (up from CN¥0.06 loss in 1Q 2021). Revenue: CN¥7.15b (up 36% from 1Q 2021). Net income: CN¥106.4m (up CN¥195.9m from 1Q 2021). Profit margin: 1.5% (up from net loss in 1Q 2021). Over the next year, revenue is forecast to grow 24%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 17
Full year 2021 earnings released: CN¥0.60 loss per share (vs CN¥0.02 profit in FY 2020) Full year 2021 results: CN¥0.60 loss per share (down from CN¥0.02 profit in FY 2020). Revenue: CN¥25.3b (up 17% from FY 2020). Net loss: CN¥909.0m (down CN¥945.3m from profit in FY 2020). Over the next year, revenue is forecast to grow 14%, compared to a 28% growth forecast for the industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 31
Third quarter 2021 earnings released: CN¥0.056 loss per share (vs CN¥0.04 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CN¥5.89b (up 8.1% from 3Q 2020). Net loss: CN¥91.6m (loss widened 40% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 30
Second quarter 2021 earnings released: CN¥0.04 loss per share (vs CN¥0.009 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CN¥5.76b (up 1.2% from 2Q 2020). Net loss: CN¥56.8m (down CN¥69.1m from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.02 (vs CN¥0.92 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥21.6b (down 6.6% from FY 2019). Net income: CN¥37.0m (down 97% from FY 2019). Profit margin: 0.2% (down from 6.1% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 22
New 90-day low: CN¥9.20 The company is down 39% from its price of CN¥15.10 on 23 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.74 per share. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥9.95 The company is down 34% from its price of CN¥15.07 on 30 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.70 per share. Is New 90 Day High Low • Dec 08
New 90-day low: CN¥12.67 The company is down 17% from its price of CN¥15.19 on 09 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥75.75 per share. Is New 90 Day High Low • Nov 19
New 90-day low: CN¥12.70 The company is down 23% from its price of CN¥16.47 on 21 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥74.93 per share. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥14.61 The company is down 11% from its price of CN¥16.46 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥47.55 per share.