STO(002468) 上海证券报·2025-04-25 01:55Core Viewpoint - The company, Shentong Express Co., Ltd., reported significant growth in its business operations for the year 2024, achieving a total express delivery volume of 22.729 billion pieces, a year-on-year increase of 29.83%, and a market share of 12.98% [16]. Company Overview - Shentong Express is committed to the development philosophy of "integrity management and long-termism," aiming to become a leader in the economic express delivery sector in China [4]. - The company operates primarily in the express delivery industry, offering services such as land and air express delivery, value-added services, and packaging materials [5][6][7]. Business Model - The company employs a "direct operation and franchise" model, focusing on enhancing its core transfer centers and expanding its network coverage through franchise partnerships [8]. Financial Performance - In 2024, the company achieved operating revenue of 47.169 billion yuan, a year-on-year increase of 15.26%, and a net profit attributable to shareholders of 1.04 billion yuan, up 205.24% from the previous year [16]. - The net profit after deducting non-recurring gains and losses was 1.017 billion yuan, reflecting a growth of 199.55% year-on-year [16]. Profit Distribution Plan - The board approved a profit distribution plan, proposing a cash dividend of 0.67 yuan per share (including tax) based on a total share capital of 1,530,802,166 shares, excluding shares held in the repurchase account [3][29]. Important Meetings - The company held its sixth board meeting on October 30, 2024, and a second extraordinary general meeting on November 15, 2024, to discuss various proposals, including the change of the auditing firm to Deloitte Huayong [18][19]. Upcoming Shareholder Meeting - The company plans to hold its 2024 annual general meeting on May 26, 2025, to review the proposals discussed in the board meetings [43].