On February 18, S.F.Holding Co.Ltd(002352) released the operating data for January 2022. The monthly revenue of S.F.Holding Co.Ltd(002352) adhering to the principle of “not closing during the Spring Festival” for 15 years hit a new high in January, reaching 25.113 billion yuan, a year-on-year increase of 53.27%.
S.F.Holding Co.Ltd(002352) the efforts to adhere to quality and healthy operation have achieved remarkable results. In January 2022, the average ticket income reached 17.47 yuan, an increase of 3.80% year-on-year and 6.33% month on month. In recent three months, the single ticket income has increased year-on-year and month on month. While maintaining the business growth, it has maintained high-quality revenue growth and gradually improved the overall efficiency.
SF’s business growth during the Spring Festival continued to lead
Due to the year-on-year dislocation of the Spring Festival and the high base of the express industry during the Spring Festival in 2021, the performance growth of the express industry in January was only a single digit growth range. According to the data of the state post administration, in January, the business volume of national express service enterprises completed 8.77 billion pieces, a year-on-year increase of 3.3%; Business income reached 91.73 billion yuan, a year-on-year increase of 5.7%.
However, due to the local promotion of local Chinese new year, online purchase of new year goods has become the mainstream trend, and the express industry has become the “protagonist” during the Spring Festival, ushering in a short peak. According to the monitoring data of the State Post Office, since the Spring Festival transportation began on January 17, as of February 6, China’s postal express has received a total of 3.89 billion express packages, an increase of 34.1% over the same period of the lunar calendar last year; 4.46 billion express parcels were delivered, an increase of 36.94%.
SF, which has been “closed during the Spring Festival” for 15 years, has improved and fully guaranteed its resources and personnel: about 20000 new employees are employed before the Spring Festival, and 380000 front-line personnel are invested. It insists on providing non-stop receiving and dispatching services throughout the year during the Spring Festival.
Since the first ten days of January, SF has successively added more than 20 Chinese freight routes, with more than 60 full cargo aircraft put into support, making every effort to serve the transportation timeliness of annual goods and materials, focusing on thousands of flow directions in 110 key core cities across the country, and ensuring that the key flow directions can be delivered to SF express service the next day.
In order to help businesses not close during the Spring Festival, SF warehouse distribution integration services are constantly available during the Spring Festival, covering more than 300 cities and more than 100 warehouses across the country, helping customers integrate multi-channel warehouse distribution resources to achieve resource matching and efficient matching of all categories of inventory.
overseas business layout shows strategic foresight
After the formal consolidation of Kerry Logistics, the supply chain and international business have become the super highlights of SF’s monthly data. In January 2022, the operating revenue reached 7.833 billion yuan, a year-on-year increase of 522.66%, continuing the strong increase since the fourth quarter of 2021. The synergy effect is obvious. SF has strengthened the key capabilities such as international freight forwarding and further improved the strategic layout of international business, It reflects the foresight of strategic development.
As the growth of China’s market slows down and the market gradually enters the stock competition, the layout of SF’s overseas business is more advanced and has become a new growth “factor” of the company. SF completed the equity acquisition of Kerry Logistics in 2021 and incorporated Kerry’s advantages in aviation, freight forwarding, shipping and international contract logistics into the big SF system, which effectively improved SF’s international business strength, helped SF better enter the markets of more countries in the world and helped SF expand its overseas business sector rapidly.
Recently, Damo raised the core net profit forecast of Kerry Logistics in 2021 and 2022. Analysts believe that under the tension of global supply chain, the profit contribution of Kerry Logistics’s international freight forwarding business has increased; Since the second half of 2021, Kerry has integrated SF’s international freight business to achieve a certain synergy and help improve its performance.
improve aviation logistics ecology
stable timeliness advantage
On February 16, the people’s Government of Shuangliu District of Chengdu and SF Airlines Co., Ltd. officially held a signing ceremony in Shuangliu, Chengdu for SF airlines’ Western China headquarters project. The project will build SF aviation’s headquarters in Western China. It is expected that the fleet will reach 50 within 10 years, establish SF’s fourth regional international aviation hub after Beijing, Hangzhou and Shenzhen, and build a freight route network connecting Ezhou, radiating the whole country, covering the Asia Pacific, Europe and the United States and reaching the world, marking the further improvement of SF group’s aviation logistics ecological layout in Shuangliu district.
On January 24, Ezhou Huahu airport completed a verification flight for nearly one month. According to the plan, Huahu airport will enter the test flight stage in March and strive to realize navigation by the end of June.
The relevant person in charge of SF Airlines said: “after the operation of Ezhou Huahu airport in June 2022, SF airlines will form an aviation network with Huahu airport as the core hub and Beijing, Shenzhen and Hangzhou as the regional hub. By 2030, the annual cargo and mail throughput of Ezhou Huahu airport is expected to reach 3.3 million tons.”
With Ezhou Huahu airport about to be put into operation, Shunfeng Skynet’s advantages will be further reflected, so as to improve the timeliness of Shunfeng products and strengthen its competitive advantage.
