A notable change in shareholdings has been recorded for JIANGSU EXPRESS (ASX: 00177).

Data from the Hong Kong Stock Exchange indicates a substantial transfer of shares occurred on June 2nd, with the total value of the repositioned shares amounting to HK$760 million, representing 5.73% of the company's holdings.

The transaction involved the transfer of 43.5 million shares into Citibank and the movement of 49 million shares out of HSBC Holdings PLC.

Separately, the company released its first-quarter report for 2026, showing operating revenue of RMB 4.528 billion, a decrease of 5.31% year-on-year.

Net profit attributable to shareholders was RMB 1.366 billion, marking a 12.81% increase compared to the same period last year.

Basic earnings per share for the period were reported as RMB 0.2711.