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Sinotrans Limited (601598.SH): The controlling Shareholder and its concerted actors have cumulatively increased their Shareholding by 2.05%.
On December 31, Gelonghui reported that Sinotrans Limited (601598.SH) announced that from November 8, 2024, to December 30, 2024, the company's controlling shareholder Sinotrans Limited increased its shareholding of the company's A-shares by 53,123,631 shares through the centralized bidding method on the Shanghai Exchange, accounting for approximately 0.73% of the company's total share capital, with an increase amount of 280,386,007.40 RMB (excluding taxes). The above-increased shares, combined with the 10,620,000 A-shares that Sinotrans Limited purchased from May to October 2020, along with its concerted actions in 2020.
Volume increases and prices remain low as the express delivery industry competes to reduce costs. The application of autonomous vehicles and Drones is expected to accelerate next year | Year-end review.
① Since the beginning of the year, the growth rate of express delivery volume has exceeded 20%; the operating situation of "the two logistics giants and one delivery company" in the first 11 months shows volume increase and low prices, with ZTO achieving year-on-year revenue growth per package in Q3. ② Industry insiders say that the growth rate of express delivery volume will still be double-digit in the next 1-2 years. It is expected that next year, Drones and unmanned vehicles will accelerate their application in various express delivery scenarios, further reducing social Logistics costs.
Private Companies in Sinotrans Limited (HKG:598) Are Its Biggest Bettors, and Their Bets Paid off as Stock Gained 3.1% Last Week
Sinotrans Forms Joint Venture for Logistics Expansion
Express News | Sinotrans Ltd - Jv for Purpose of Constructing China Merchants Zhanjiang Chemicals Logistics Hub Project
Express News | Sinotrans Ltd - Sinotrans Chemical, Others, to Form Jv With Registered Capital of RMB207.2 Mln
What Is Sinotrans Limited's (HKG:598) Share Price Doing?
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