On April 29, Sto Express Co.Ltd(002468) released the annual report of 2021 and the report of the first quarter of 2022. The annual business volume of 2021 was 11.076 billion, an increase of 25.62% year-on-year; The operating revenue was 25.254 billion yuan, a year-on-year increase of 17.10%; The net cash flow from operating activities was 1.92 billion yuan, a year-on-year increase of 124.95%.
In the first quarter of 2022, Sto Express Co.Ltd(002468) completed 2.698 billion pieces of express delivery business, with a year-on-year increase of 26.11%, and the market share increased to 11.14%, of which the market share in March was 11.56%, a new high in nearly 20 months. The operating revenue was 7.152 billion yuan, a year-on-year increase of 35.91%, and the net profit attributable to the parent company was 106 million yuan, a year-on-year increase of 218.84%.
Sto Express Co.Ltd(002468) said that in 2021 and the first quarter of 2022, the business achieved significant growth. On the one hand, under the background of strong supervision, the industry recovery trend is obvious and is expected to continue. On the other hand, the company continued to focus on adhering to the business strategy of "focusing on operation, service empowerment and creating quality orders", and promoted the whole network to strengthen the collaborative ability and digital intelligence operation to help improve the fine management ability.
Thanks to the improvement of operation efficiency and the reduction of express transfer cost brought by digital capacity, the utilization rate of self owned high capacity vehicles and route optimization, the transfer cost of single ticket decreased to 0.89 yuan in Sto Express Co.Ltd(002468) 2021, the transfer cost of single ticket continued to decline for three consecutive years, and the results of refined management and digital intelligent operation were prominent.
As of December 31, 2021, Sto Express Co.Ltd(002468) independent outlets numbered 4600, service outlets and stores expanded to 30000, township coverage exceeded 90%, 77 directly affiliated transfer centers, and 4000 self owned trunk transport vehicles, of which 72% were high capacity drop off vehicles, and about 3200 lines were carried by self owned vehicles.
In 2021, Sto Express Co.Ltd(002468) focusing on the improvement of profitability, continued to strengthen infrastructure construction, implemented and completed 47 production capacity improvement projects, promoted the expansion of normal production capacity to the daily average of 42 million units at the end of the year, and planned to exceed 50 million pieces per day at the end of 2022. While focusing on the development of the main express industry, the company continues to improve its service capabilities such as innovative business, digital intelligence upgrading, warehouse distribution integration and terminal construction, so as to continuously meet the diversified delivery needs of consumers.
Sto Express Co.Ltd(002468) said that it would continue to focus on the main business of economic express delivery and enhance diversified business penetration; Promote the transformation strategy of digital intelligence and realize the innovation and development led by science and technology; Implement the capacity improvement strategy and build a solid and strong operation chassis; Expand the scale of network coverage and promote the healthy and stable development of the terminal; Improve the timeliness and quality of express service, create high-quality orders, and improve customer experience and satisfaction.
Industry insiders believe that under the background of strong supervision of the industry, the express industry is gradually changing from "price war" to "value war", the profits of the express industry are gradually rising, the Sto Express Co.Ltd(002468) operating performance has improved significantly, and the positive performance is expected to be released gradually.
