Wanlian Securities: Consumer demand is expected to support parcel volume growth; recommends actively monitoring valuation recovery opportunities.

Express delivery volume growth continues to slow, and as 'anti-inward competition' policies are steadily implemented, average express delivery prices are showing signs of recovery.

Zhitong Finance15:50

STO Express (002468.SZ): Repurchased 1.01% of Shares to Date

Gelonghui, July 21 — STO Express Co., Ltd. (SZSE: 002468) announced that, as of July 21, 2026, the company has repurchased 15.4813 million shares through its dedicated securities account via centralized bidding transactions, for a total amount of RMB 2,187.129 million (excluding transaction fees). The repurchased shares represent 1.01% of the company’s current total share capital, with an average purchase price of RMB 14.13 per share (the highest purchase price was RMB 15.50 per share and the lowest was RMB 13.22 per share). This repurchase complies with relevant laws and regulations and aligns with the previously established repurchase plan.

Gelonghui FinanceJul 21 18:07

Guolian Minsheng Securities: Industry-wide average price per parcel continued to rebound in June, with divergent growth rates in parcel volume across companies

Industry prices are generally well-supported, and price competition is expected to remain relatively orderly under the 'anti-inward-competition' policy.

Zhitong FinanceJul 21 14:46

Caitong Securities: Anti-"involution" Drives Price Recovery—Seize Opportunities in High-Quality, Low-Valuation Express Delivery Stocks

Given the investment opportunities present across multiple segments of the express delivery industry, we maintain an 'Overweight' rating for the sector.

Zhitong FinanceJul 20 14:51

STO Express (002468.SZ): June express delivery service revenue amounted to RMB 5.475 billion, an increase of 26.13% year-over-year.

STO Express (002468.SZ) announced that in June 2026, the company's express delivery service revenue amounted to RMB 5.475 billion, an increase of 26.13% year-over-year; parcel volume reached 2.59 billion pieces, up 18.58% year-over-year; and average revenue per parcel was RMB 2.11, representing a 6.03% year-over-year increase.

Zhitong FinanceJul 17 18:35

Cainiao: Its self-developed sorting equipment has been deployed in over 70 sorting centers of STO Express.

Sina Tech News, July 17 (morning): Cainiao's automated parcel sorting solution was showcased at STO Express’s customer open day event. Cainiao’s self-developed parcel sorting equipment has already been deployed in over 70 sorting centers across STO’s nationwide network, making Cainiao a core technology and automation partner for STO’s sorting operations. According to reports, Cainiao’s automated sorting solution now enables end-to-end automation—from parcel intake to chute dispatch—featuring high-speed cross-belt sorters for small parcels, narrow-belt sorters for large and irregularly shaped items, swing-wheel sorters for precise diversion at conveyor junctions, and an integrated DWS system that combines weighing, dimensioning, and barcode scanning into a single process per parcel.

Sina TechnologyJul 17 10:46