申通快递股份有限公司 第六届董事会第十五次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导性陈述或者重大遗 漏。 一、董事会会议召开情况 申通快递股份有限公司（以下简称"公司"）于2026年1月19日以邮件、电话等方式发出召开第六届董事 会第十五次会议的通知，会议于2026年1月21日在上海市青浦区重达路58号会议室以现场结合通讯表决 的方式召开，应出席会议的董事7名，实际出席会议的董事7名，经全体董事一致同意，本次会议豁免通 知期限。会议由董事长陈德军先生主持，公司高级管理人员列席了本次会议。本次会议的召开符合《公 司法》和《公司章程》的有关规定。 二、董事会会议审议情况 证券代码：002468 证券简称：申通快递 公告编号：2026-007 经全体董事认真审议，本次会议通过了如下议案： 1、审议通过了《关于2026年度为下属子公司提供担保额度预计的议案》 表决结果：同意票7票，反对票0票，弃权票0票，回避票0票。 公司董事会审计委员会审议通过了本议案。为满足公司下属子公司的日常经营及融资需要，公司（含控 股子公司）拟在下属子公司申请银行授信及日常经营需要时为其提供担 ...

Core Viewpoint - The lawsuit filed by former president Xi Chunyang against Shentong Express involves a dispute over the ownership of shares valued at approximately 280 million yuan, which he claims should be divided as part of a divorce settlement with Chen Xiaoying, a key figure in the company [2][4]. Group 1: Lawsuit Details - Xi Chunyang has initiated a civil lawsuit against Shentong Express and its actual controller, Chen Xiaoying, seeking to confirm his shareholder status and claim half of the 40.5685 million shares registered under Chen's name, which corresponds to a market value of 280 million yuan based on the company's stock price at the time of the announcement [2][4]. - The lawsuit is characterized as a shareholder qualification dispute related to the division of marital property following Xi and Chen's divorce in 2012, with Xi asserting that the shares in question are part of their agreed-upon division of assets [4][5]. Group 2: Background of Key Figures - Chen Xiaoying, known as the "Queen of Express," is a founding member and actual controller of Shentong Express, having played a significant role in the company's growth and eventual public listing [3][4]. - Xi Chunyang, who previously served as the vice president of Shentong Express and chairman of Tiantian Express, sold his stake in Tiantian Express for 4.25 billion yuan in 2017, marking his exit from the company [4]. Group 3: Industry Context - Reports suggest that Xi Chunyang may join a new logistics platform called "Ben Niao Express" in early 2025, which focuses on large parcel delivery services [5]. - The core team of Ben Niao Express consists of industry veterans from major logistics companies, indicating a potential shift in the competitive landscape of the logistics sector [5].

公开资料显示，陈小英出生于1976年，1993年与第一任丈夫聂腾飞等人创立申通货运代理有限公司（申 通快递前身）。1998年，聂腾飞去世后，陈小英与兄长陈德军共同接手申通快递。2016年，申通快递完 成借壳上市。 2017年9月，陈小英因个人原因申请辞去申通快递副董事长、董事、董事会战略委员会委员等职务，其 兄陈德军担任申通快递董事长。 登录新浪财经APP 搜索【信披】查看更多考评等级 （来源：潮新闻） 快递行业巨头申通快递股份有限公司（证券代码：002468，简称"申通快递"）近日卷入一场涉及实际控 制人的民事纠纷。 2026年1月21日晚，申通快递发布公告称，收到玉环市人民法院送达的诉讼材料，自然人奚春阳以股东 资格确认纠纷为由，将申通快递及公司实际控制人之一陈小英女士告上法庭。 公告显示，原告奚春阳诉请法院确认登记在陈小英名下的申通快递约4056.85万股股份（占公司总股本 2.65%）中的一半，即约2028.42万股（占公司总股本1.33%）归其所有，并要求公司与陈小英配合办理 相关股份的非交易过户手续。奚春阳主张，这部分股份源于其与陈小英2012年离婚时约定分割的夫妻共 同财产，后经公司重组上市转化 ...

本次诉讼系离婚财产分割，资料显示，本次诉讼原告奚春阳与陈小英已于2012年结束婚姻关系。本次奚 春阳共有三项诉求，其一，判令确认登记在第三人陈小英名下的公司4056.8万股（持股比例为2.65%） 中的2028.4万股归原告奚春阳所有；其二，判令公司、第三人陈小英就前述股票向中国证券登记结算有 限责任公司办理非交易过户至原告奚春阳名下的手续；其三，本案案件受理费由申通快递和陈小英共同 承担。 申通快递在公告中表示，本次诉讼事项是奚春阳与陈小英之间的离婚财产分割涉及的股东资格确权纠 纷，涉诉的股份数量为2028.4万股，约占上市公司的股份比例为1.33%，不会对公司正常生产经营造成 重大不利影响。本次诉讼事项尚未开庭审理，尚未产生具有法律效力的判决或裁定，陈小英名下持有的 公司股份是否发生权益变动存在不确定性。公司将密切关注该事项的后续情况，积极应诉。同时，公司 将严格按照有关法律、法规的规定和要求，及时履行信息披露义务。 值得一提的是，奚春阳与陈小英婚前，系申通创始人聂腾飞的司机。1998年，聂腾飞因车祸意外去世， 作为聂腾飞的遗孀，陈小英掌控申通快递，并在2012年改嫁奚春阳。陈小英曾在2019年，把申通快 ...

1月21日晚间，申通快递（002468.SZ）发布公告称，于近日收到玉环市人民法院送达的《民事起诉状》 《应诉通知书》等有关诉讼材料，自然人奚春阳以股东资格确认纠纷为由对公司、公司实际控制人之一 陈小英提起民事诉讼。原告认为，直接登记在陈小英名下的公司4056.8472万股，系双方离婚时约定分 割的特定夫妻共同财产并经重组上市而转化形成的财产之一。根据双方离婚时对财产分割的约定，公司 与陈小英均应就前述股份的50%，即2028.4236万股归属予原告，并向中国证券登记结算有限责任公司 申请办理非交易过户至原告奚春阳名下的手续。 ...

中国基金报记者 忆山 1月21日晚间，申通快递发布关于诉讼事项的公告称，公司实控人之一陈小英被前夫奚春阳告上法院，要求分得超2000万股股份。截至1月21日收盘，申通 快递每股报13.78元。按此估算，奚春阳希望分得的股份市值约2.8亿元。 前夫要求分得超2000万股股份 公告显示，公司于近日收到玉环市人民法院送达的《民事起诉状》《应诉通知书》等有关诉讼材料，自然人奚春阳以股东资格确认纠纷为由对公司、公司 实际控制人之一陈小英提起民事诉讼。 原告奚春阳认为，直接登记在陈小英名下的公司40568472股，系双方离婚时约定分割的特定夫妻共同财产并经重组上市而转化形成的财产之一。根据双方 离婚时对财产分割的约定，公司与陈小英均应就前述40568472股的50%（即20284236股）归属于原告，并向中国证券登记结算有限责任公司申请办理非交 易过户至原告奚春阳名下的手续。 公开资料显示，陈小英出生于1976年，为申通快递的创始人之一。1993年，她与第一任丈夫聂腾飞等人在杭州创办了神通综合服务部，不久后成立上海盛 彤实业有限公司，为申通快递前身。 1998年，聂腾飞因车祸离世，陈小英和哥哥陈德军接手申通快递，并在20 ...

Investment Rating - The industry investment rating is "Positive" [3][30] Core Insights - The express delivery industry in China experienced a total delivery volume of 216.5 billion pieces in 2025, with a year-on-year growth of 11.5%. The express delivery volume reached 199 billion pieces, growing by 13.7% year-on-year. The total revenue for the postal industry was 1.8 trillion yuan, with express delivery revenue at 1.5 trillion yuan, reflecting year-on-year growth of 6.4% and 6.5% respectively [1][6] - In December 2025, the national express service companies completed a business volume of 18.21 billion pieces, a year-on-year increase of approximately 2.3%. The express business revenue was about 138.87 billion yuan, showing a slight increase compared to the same period last year. The average revenue per piece was approximately 7.63 yuan, a year-on-year decrease of about 1.6% [1][6][8] Summary by Sections 1. December Industry Overview - The industry volume growth rate fell below 3%, with stable performance in average revenue per piece. The December express delivery volume growth rate decreased further compared to November, attributed to high base effects from last year's price wars and weak demand since Double Eleven [2][6][8] - Major companies saw a decline in year-on-year volume growth rates, with YTO dropping from 13.6% in November to 9.0%, Yunda from -4.2% to -7.4%, and Shentong from 14.7% to 11.1%. SF Express's growth rate fell to 9.3% [2][6][12] 2. Express Business Volume - The express delivery business volume in December 2025 was approximately 18.21 billion pieces, with a year-on-year growth of about 2.3%. The growth rate continued to decline due to the ongoing internal competition and weak demand since Double Eleven [8][10] 3. Average Revenue per Piece - The average revenue per piece in December 2025 saw a year-on-year decline of 1.6%, with a narrowing decrease in the price drop trend. The overall price indicators remained positive, indicating a supportive effect from the internal competition [7][22][28] - The revenue per piece for major companies showed mixed results, with YTO's revenue per piece increasing by 0.4%, while Yunda and Shentong saw decreases of 0.5% and 3.3% respectively. SF Express's revenue per piece increased by 2.5% month-on-month, with a narrowing year-on-year decline [23][25][27] 4. Investment Recommendations - Despite the pressure from lower-than-expected demand since Double Eleven, the stability in average revenue per piece for major companies reflects the supportive role of internal competition on pricing. The ongoing internal competition is expected to exceed expectations, indicating the industry is in the early stages of an upward cycle, with profitability likely to continue recovering [3][30] - The shift from high-growth to a focus on existing market importance suggests a change in competitive logic, emphasizing service quality for sustainable development. Key companies to watch include Zhongtong and YTO, which lead in service quality, and Shentong, which has shown significant operational improvements [3][30]

Group 1 - The lawsuit involves a significant equity dispute where Chen Xiaoying, the actual controller of Shentong Express, is being sued by her ex-husband Xi Chunyang for half of the 40.5685 million shares of Shentong stock registered in her name, valued at approximately 280 million yuan based on the stock price of 13.78 yuan per share [1][4][11] - Shentong Express, founded in 1993, is one of the oldest private express delivery giants in China, established by Nie Tengfei and Chen Xiaoying, who faced hardships in their early life [4][5] - Following the death of Nie Tengfei in 1998, the company faced significant challenges, leading to a series of departures among its executives and a decline in its market position [9][11] Group 2 - The lawsuit is part of a broader narrative involving the "Tonglu Gang," a group of companies that emerged from Shentong Express, including Yunda, YTO, and ZTO, which have since become major competitors in the express delivery market [5][9] - In recent years, Shentong has struggled to maintain its market share against competitors like YTO and SF Express, with its revenue for 2025 reported at 54.861 billion yuan and a business volume of 261.38 million orders [11][14] - The management structure of Shentong has undergone changes, with the original chairman Chen Dejun stepping back and a professional management team taking over daily operations, indicating potential shifts in the company's equity structure due to the ongoing lawsuit [14]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 新浪声明：此消息系转载自新浪合作媒体，新浪网登载此文出于传递更多信息之目的，并不意味着赞同 其观点或证实其描述。文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。 责任编辑：何俊熹 责任编辑：何俊熹 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：金融投资报 来源：金融投资报 新浪声明：此消息系转载自新浪合作媒体，新浪网登载此文出于传递更多信息之目的，并不意味着赞同 其观点或证实其描述。文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。 ...

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