← STO Express overview

STO Express vs S.F.: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

STO Express Co Ltd (002468.CS)

Q3 2026
▲3▼1

STO profit surges on firmer pricing; bond plan dropped, safety probe hits

  • Profit more than doubles as price war eases STO expects first-half net profit of 950 million-1.06 billion yuan, up 110%-134% from a year earlier. The company credits industry rules against cut-throat competition, which let delivery prices recover, plus its own cost and digital improvements. Higher profit directly supports the shares.

    This is the single biggest new fact driving the stock: a profit forecast more than doubling.

  • June revenue and parcel volumes both grew strongly June express service revenue rose 26.13% year on year to 5.475 billion yuan, with parcels up 18.58%. Average revenue per parcel rose 6.03% to 2.11 yuan. More parcels at a higher price per parcel means both volume and pricing are working in STO's favour.

    Shows the profit gain is backed by real operating growth, not one-off items.

  • Convertible bond plan scrapped; safety probe opened STO terminated its planned convertible bond sale and withdrew the application, removing a source of future funding and signalling a change of plan. Separately, the State Post Bureau is investigating STO over weak safety management at its franchisees, which could bring fines or operating changes.

    These are the main new negatives weighing on the stock this period.

  • Equity lawsuit dropped; buybacks continue STO's controller won an end to a 280 million yuan share-ownership lawsuit, removing legal doubt over who owns part of the stake. The company has also bought back 24.23 million shares, 1.58% of capital, for 339 million yuan, a sign management sees value in the stock.

    Removes an overhang and shows cash being returned to shareholders.

August 2026
▲3▼1

STO profit surges on firmer pricing; bond plan dropped, safety probe hits

  • Profit more than doubles as price war eases STO expects first-half net profit of 950 million-1.06 billion yuan, up 110%-134% from a year earlier. The company credits industry rules against cut-throat competition, which let delivery prices recover, plus its own cost and digital improvements. Higher profit directly supports the shares.

    This is the single biggest new fact driving the stock: a profit forecast more than doubling.

  • June revenue and parcel volumes both grew strongly June express service revenue rose 26.13% year on year to 5.475 billion yuan, with parcels up 18.58%. Average revenue per parcel rose 6.03% to 2.11 yuan. More parcels at a higher price per parcel means both volume and pricing are working in STO's favour.

    Shows the profit gain is backed by real operating growth, not one-off items.

  • Convertible bond plan scrapped; safety probe opened STO terminated its planned convertible bond sale and withdrew the application, removing a source of future funding and signalling a change of plan. Separately, the State Post Bureau is investigating STO over weak safety management at its franchisees, which could bring fines or operating changes.

    These are the main new negatives weighing on the stock this period.

  • Equity lawsuit dropped; buybacks continue STO's controller won an end to a 280 million yuan share-ownership lawsuit, removing legal doubt over who owns part of the stake. The company has also bought back 24.23 million shares, 1.58% of capital, for 339 million yuan, a sign management sees value in the stock.

    Removes an overhang and shows cash being returned to shareholders.

Latest
▲3▼1

STO profit surges on firmer pricing; bond plan dropped, safety probe hits

  • Profit more than doubles as price war eases STO expects first-half net profit of 950 million-1.06 billion yuan, up 110%-134% from a year earlier. The company credits industry rules against cut-throat competition, which let delivery prices recover, plus its own cost and digital improvements. Higher profit directly supports the shares.

    This is the single biggest new fact driving the stock: a profit forecast more than doubling.

  • June revenue and parcel volumes both grew strongly June express service revenue rose 26.13% year on year to 5.475 billion yuan, with parcels up 18.58%. Average revenue per parcel rose 6.03% to 2.11 yuan. More parcels at a higher price per parcel means both volume and pricing are working in STO's favour.

    Shows the profit gain is backed by real operating growth, not one-off items.

  • Convertible bond plan scrapped; safety probe opened STO terminated its planned convertible bond sale and withdrew the application, removing a source of future funding and signalling a change of plan. Separately, the State Post Bureau is investigating STO over weak safety management at its franchisees, which could bring fines or operating changes.

    These are the main new negatives weighing on the stock this period.

  • Equity lawsuit dropped; buybacks continue STO's controller won an end to a 280 million yuan share-ownership lawsuit, removing legal doubt over who owns part of the stake. The company has also bought back 24.23 million shares, 1.58% of capital, for 339 million yuan, a sign management sees value in the stock.

    Removes an overhang and shows cash being returned to shareholders.

S.F. Holding Co. Ltd (002352.CS)

Q3 2026
▲3▼1

SF Holding's profit dip offset by buyback, dividend, and global growth

  • Buyback completed, returning cash to shareholders SF Holding finished buying back about 6 billion yuan of its own shares. A buyback shrinks the number of shares in circulation and signals management thinks the stock is cheap, which supports the price.

    A completed 6 billion yuan buyback is a major capital action that supports the share price.

  • Dividend of 4.9 yuan per 10 shares proposed SF Holding plans to pay 4.9 yuan per 10 shares, about 2.5 billion yuan, or 45% of first-half profit. A solid payout gives investors cash and shows confidence, which tends to lift the stock.

    The proposed dividend is a new shareholder-return event that can support the stock price.

  • First-half profit fell 4.1% despite revenue growth Revenue rose 5.9% to 155.5 billion yuan, but net profit slipped 4.1% to 5.5 billion yuan. Falling profit means costs or price pressure are biting, which weighs on the stock even as sales grow.

    The profit decline is the key negative financial result for the period.

  • International and supply-chain business growing fast June revenue rose 6.19% to 27.88 billion yuan, with supply-chain and international business up 24.97%. That faster-growing segment diversifies SF beyond slow domestic parcel volume and supports the stock.

    The strong growth in international and supply-chain revenue is a positive operational driver.

August 2026
▲3▼1

SF Holding's profit dip offset by buyback, dividend, and global growth

  • Buyback completed, returning cash to shareholders SF Holding finished buying back about 6 billion yuan of its own shares. A buyback shrinks the number of shares in circulation and signals management thinks the stock is cheap, which supports the price.

    A completed 6 billion yuan buyback is a major capital action that supports the share price.

  • Dividend of 4.9 yuan per 10 shares proposed SF Holding plans to pay 4.9 yuan per 10 shares, about 2.5 billion yuan, or 45% of first-half profit. A solid payout gives investors cash and shows confidence, which tends to lift the stock.

    The proposed dividend is a new shareholder-return event that can support the stock price.

  • First-half profit fell 4.1% despite revenue growth Revenue rose 5.9% to 155.5 billion yuan, but net profit slipped 4.1% to 5.5 billion yuan. Falling profit means costs or price pressure are biting, which weighs on the stock even as sales grow.

    The profit decline is the key negative financial result for the period.

  • International and supply-chain business growing fast June revenue rose 6.19% to 27.88 billion yuan, with supply-chain and international business up 24.97%. That faster-growing segment diversifies SF beyond slow domestic parcel volume and supports the stock.

    The strong growth in international and supply-chain revenue is a positive operational driver.

Latest
▲3▼1

SF Holding's profit dip offset by buyback, dividend, and global growth

  • Buyback completed, returning cash to shareholders SF Holding finished buying back about 6 billion yuan of its own shares. A buyback shrinks the number of shares in circulation and signals management thinks the stock is cheap, which supports the price.

    A completed 6 billion yuan buyback is a major capital action that supports the share price.

  • Dividend of 4.9 yuan per 10 shares proposed SF Holding plans to pay 4.9 yuan per 10 shares, about 2.5 billion yuan, or 45% of first-half profit. A solid payout gives investors cash and shows confidence, which tends to lift the stock.

    The proposed dividend is a new shareholder-return event that can support the stock price.

  • First-half profit fell 4.1% despite revenue growth Revenue rose 5.9% to 155.5 billion yuan, but net profit slipped 4.1% to 5.5 billion yuan. Falling profit means costs or price pressure are biting, which weighs on the stock even as sales grow.

    The profit decline is the key negative financial result for the period.

  • International and supply-chain business growing fast June revenue rose 6.19% to 27.88 billion yuan, with supply-chain and international business up 24.97%. That faster-growing segment diversifies SF beyond slow domestic parcel volume and supports the stock.

    The strong growth in international and supply-chain revenue is a positive operational driver.