Source: CDC Finance
Today afternoon, SF Holdings (002352) issued an announcement announcing that on October 13, 2021, the holding subsidiary SF Tongcheng Industrial received the “Regarding Approval of Hangzhou SF Tongcheng Industrial Co., Ltd.’s issuance of overseas listed foreign shares and domestic shares issued by the China Securities Regulatory Commission”. Approval for the overseas listing of listed shares.”
According to the announcement, SF City Industrial intends to issue no more than 230,654,609 overseas listed foreign shares with a par value of RMB 1 each, all of which are ordinary shares. After the completion of this issuance, Tongcheng Industrial can be listed on the main board of the Hong Kong Stock Exchange.
In addition, it approved the conversion of a total of 100,160,542 domestic unlisted shares held by 10 shareholders of SF Tongcheng Industrial into overseas listed shares, and the relevant shares can be listed on the main board of the Hong Kong Stock Exchange after the completion of the conversion. The name of the shareholder and the number of conversions are:
It is worth noting that the public offering of overseas-listed foreign shares (H shares) by SF City Industrial and its listing matters still need to obtain the approval and/or approval of the Hong Kong Securities and Futures Commission, the Hong Kong Stock Exchange and other relevant government agencies and regulatory agencies. approve. There are still uncertainties in this matter. The company will perform relevant information disclosure obligations in a timely manner based on the progress of the matter.
At the same time, SF Holding Company issued a performance forecast for the first three quarters of 2021.
According to the notice, SF Holdings expects net profit in the first three quarters of this year to be 1.76 billion to 1.86 billion yuan, a year-on-year decrease of 67%-69%. It is expected that the third quarter will achieve a net profit of 1 billion to 1.1 billion yuan, a year-on-year decrease of 40%-46%.
The huge loss of SF Holdings in the first quarter of this year once shocked the market. According to public data, the operating income of SF Holdings in the first quarter of this year was 42.62 billion yuan, an increase of 27% year-on-year, and its business volume increased by 44% year-on-year. The net profit attributable to shareholders of listed companies was a loss of 989 million yuan, a year-on-year decrease of 209.01%. As soon as the news came out, the stock price plummeted.
On February 18 this year, it hit a record high of 124.7 yuan per share, and on April 9, SF Express opened the limit down and closed at 72.72 yuan per share on the same day. At the close of the market on April 21, the stock price was 63.67 yuan per share; down 48.9%.
According to the 2021 first half performance report disclosed by SF Holdings at the end of August, SF Holdings achieved revenue of 88.343 billion yuan in the first half of the year, a year-on-year increase of 24.20%; realized net profit of 760 million yuan, a year-on-year decrease of 79.8%.
The situation improved in the second quarter. According to the financial report, the net profit attributable to the parent after deduction in the second quarter increased by approximately 1.79 billion yuan compared with the first quarter, a sharp rebound from the first quarter. In the third quarter, the expected non-net profit will increase by 14%-29% compared with the second quarter, and the company’s overall profitability has achieved a steady rise quarter by quarter.
SF Holding Company stated that the company continues to continuously improve product tiering. Formulate targeted market strategies, optimize product structure, and enhance product pricing capabilities. At the same time, the company continues to promote network resource integration, cost-refined management and control, and upgrades of automation equipment in transit yards. The utilization rate of space and transportation resources and the efficiency of operation and operation are gradually improved, thereby improving overall efficiency.
In addition, in response to the impact of the epidemic last year, the state introduced a series of tax and fee reduction policies such as exemption of value-added tax and reduction of corporate social insurance premiums, which effectively alleviated the company’s cost pressure, but there are no relevant preferential policies this year.
As of press time, SF Holdings reported 66.22 yuan per share, down 2.90%.
(Editor in charge: Wang Qingyu)
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