Yto Express Group Co.,Ltd. (Stock Code: "600233") recently released its 2025 annual report. The report shows that YTO Express achieved revenue of 753 billion yuan in 2025, a 9% increase from 690 billion yuan the previous year.
Government subsidies recognized by YTO Express in 2025 amounted to 162 million yuan, compared to 176 million yuan in the prior year.
Net profit for YTO Express in 2025 was 4.32 billion yuan, marking a 7.73% rise from 4 billion yuan a year earlier. After adjusting for non-recurring items, net profit reached 4.22 billion yuan, a 9.73% increase from 3.84 billion yuan in the previous year.
In the fourth quarter of 2025, YTO Express reported revenue of 211 billion yuan, with a net profit of 1.446 billion yuan and an adjusted net profit of 1.445 billion yuan.
For the first quarter of 2026, YTO Express recorded revenue of 188 billion yuan, up 10% from 170.6 billion yuan in the same period last year.
Net profit for the first quarter of 2026 was 1.378 billion yuan, a significant 61% jump from 860 million yuan a year ago. The adjusted net profit was 1.343 billion yuan, representing a 65.79% increase from 810 million yuan in the prior year's first quarter.
YTO Express plans to distribute cash dividends of 2.5 yuan per 10 shares (tax inclusive) to all shareholders, based on the total share capital on the record date specified in the profit distribution implementation announcement. The company will not convert capital reserve into share capital or issue bonus shares this year.
Alibaba Continues Stake Reduction, Cashing Out 16 Billion Yuan in 2025
As of December 31, 2025, Shanghai YTO Jiao Long Investment Development (Group) Co., Ltd. held a 30.7% stake. Hangzhou Alibaba Entrepreneurship Investment Co., Ltd. owned 9.15%, while Alibaba-affiliated Hangzhou Haoyue Enterprise Management Co., Ltd. held 7.37%. Dayang Group Co., Ltd. held a 3.52% stake.
Yu Huijiao held 2.94%, Hong Kong Securities Clearing Company Limited held 2.36%, Zhang Xiaojuan held 2.16%, Basic Endowment Insurance Fund 802 Portfolio held 1.93%, National Social Security Fund 113 Portfolio held 1.91%, and Industrial and Commercial Bank of China Limited - ChinaAMC Value Select Hybrid Securities Investment Fund held 0.86%.
Together, Yu Huijiao and Zhang Xiaojuan control 34.16% of the company's equity.
As of June 30, 2025, Shanghai YTO Jiao Long Investment Development (Group) Co., Ltd. held 30.49%. Alibaba-affiliated Hangzhou Haoyue Enterprise Management Co., Ltd. held 9.08%, Hangzhou Alibaba Entrepreneurship Investment Co., Ltd. held 9%, and Dayang Group Co., Ltd. held 3.5%.
Yu Huijiao held 2.92%, Zhang Xiaojuan held 2.15%, Hong Kong Securities Clearing Company Limited held 1.61%, National Social Security Fund 113 Portfolio held 1.14%, Basic Endowment Insurance Fund 802 Portfolio held 1.05%, and Industrial and Commercial Bank of China Limited - ChinaAMC Value Select Hybrid Securities Investment Fund held 0.89%.
Jiao Long Group and its concert parties collectively held 1,266,930,496 unrestricted shares, representing 36.76% of the company's total share capital.
A comparison reveals that in the second half of 2025, Alibaba-affiliated Hangzhou Haoyue Enterprise Management Co., Ltd. reduced its stake by a total of 1.63 percentage points.
In June 2025, YTO Express announced that Hangzhou Haoyue, an Alibaba affiliate, had transferred 68,935,068 unrestricted shares via block trades between April 3, 2025, and June 26, 2025, representing 2% of the company's total shares.
The average selling price for Hangzhou Haoyue's reduction ranged from 12.03 yuan to 12.69 yuan, resulting in total proceeds of approximately 847 million yuan.
In December 2025, YTO Express announced again that Hangzhou Haoyue had transferred 39,925,000 of its shares via block trades between November 10, 2025, and November 27, 2025.
This transaction reduced Hangzhou Haoyue's stake by an additional 1.16 percentage points.
As of Friday's market close, YTO Express's stock price was 20.84 yuan, with a market capitalization of 713 billion yuan. Based on Friday's closing price, Alibaba's proceeds from the latest reduction exceeded 800 million yuan. For the entirety of 2025, Alibaba's total cash proceeds from stake reductions surpassed 1.6 billion yuan.
Following these reductions, Hangzhou Haoyue, Hangzhou Alibaba Entrepreneurship Investment Co., Ltd., and Zhejiang Cainiao Supply Chain Management Co., Ltd. collectively still hold a 17.59% stake.
As of March 31, 2026, Shanghai YTO Jiao Long Investment Development (Group) Co., Ltd. held 30.7%, Hangzhou Alibaba Entrepreneurship Investment Co., Ltd. held 9.14%, Alibaba-affiliated Hangzhou Haoyue Enterprise Management Co., Ltd. held 7.06%, and Dayang Group Co., Ltd. held 3.52%.
Yu Huijiao held 2.94%, Hong Kong Securities Clearing Company Limited held 2.38%, Zhang Xiaojuan held 2.16%, Basic Endowment Insurance Fund 802 Portfolio held 1.36%, National Social Security Fund 113 Portfolio held 1.34%, and Shandong International Trust Co., Ltd. - Shandong Trust - Hengying 33 Collective Fund Trust Plan held 0.85%.
Alibaba-affiliated Hangzhou Haoyue Enterprise Management Co., Ltd. continued to reduce its stake in the first quarter of 2026, and the National Social Security Fund also executed a significant reduction.
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