Sinotrans adjusts option price, expands related-party deals amid Q3 revenue dip

Sinotrans has adjusted the exercise price of its first tranche of share options from RMB 3.475 per share to RMB 3.185 per share. This adjustment follows the distribution of the 2024 annual cash dividend (RMB 0.145 per share, inclusive of tax) on July 21, 2025, and the 2025 interim cash dividend (RMB 0.145 per share, inclusive of tax) on October 20, 2025. The company's Q3 2025 report showed an operating income of RMB 75.04 bn for the nine months ended September 30, 2025, a 12.62% decrease year-over-year. Net profit attributable to shareholders was RMB 2.68 bn, down 5.17%.

Separately, Sinotrans announced new and renewed connected transactions with its subsidiaries and related entities, effective January 1, 2026. These include logistics services agreements with Sinotrans Yangtze Co., Ltd. and Sinotrans Jiangsu Co., Ltd., with proposed annual caps for 2026, 2027, and 2028. A general procurement agreement with CM Homecare Technology (Zhejiang) Co., Ltd. for office supplies and equipment has also been established, with proposed caps of RMB 1.00 bn, RMB 1.10 bn, and RMB 1.20 bn for the years 2026, 2027, and 2028, respectively. These transactions aim to meet daily operational needs, optimize cost control, and enhance procurement efficiency.