On the 2nd, S.F.Holding Co.Ltd(002352) disclosed the repurchase report, which proposed to repurchase shares of 1-2 billion yuan at a repurchase price of no more than 70 yuan / share. The repurchased shares will be used to implement the employee stock ownership plan or equity incentive plan.
On the same day (March 2), S.F.Holding Co.Ltd(002352) also issued the announcement on the implementation of employee incentive scheme through share repurchase through centralized bidding, which said that the remuneration and assessment committee of the board of directors would draft the employee stock ownership plan or equity incentive plan as soon as possible and submit it to the board of directors and the general meeting of shareholders for deliberation, and the company would disclose it in time and perform the corresponding deliberation procedures.
S.F.Holding Co.Ltd(002352) said that based on the confidence in the company’s future development prospects and the high recognition of the company’s value, in order to further improve the company’s long-term incentive mechanism, fully mobilize the enthusiasm of the company’s core backbone and excellent employees, and jointly promote the long-term development of the company, the company comprehensively considers the business development prospects, business conditions, financial conditions Based on the future profitability and the recent performance of the company’s shares in the secondary market, it is planned to repurchase the company’s shares with its own funds through the secondary market for the implementation of the employee stock ownership plan or equity incentive plan.
S.F.Holding Co.Ltd(002352) points out that the type of shares repurchased this time is A-share public shares issued by the company. According to the calculation of the upper limit of repurchase amount of RMB 2 billion and the upper limit of repurchase price of RMB 70 / share, the number of shares that can be repurchased is expected to be no less than 285714 million shares, accounting for about 0.58% of the current total share capital of the company; According to the calculation of the lower limit of repurchase amount of RMB 1 billion and the upper limit of repurchase price of RMB 70 / share, the number of shares that can be repurchased is expected to be no less than 14285700 shares, accounting for about 0.29% of the current total share capital of the company.
S.F.Holding Co.Ltd(002352) said that as of September 30, 2021 (Unaudited), the total assets of the company were 190.6 billion yuan, the owner’s equity attributable to the shareholders of the listed company was 57.7 billion yuan, the total liabilities were 121.7 billion yuan, the balance of monetary funds was 18.7 billion yuan, and the company realized operating revenue of 135.9 billion yuan from January to September 2021. The maximum repurchase amount is 2 billion yuan, accounting for 1.05% and 3.47% of the total assets of the company and the owner’s equity attributable to the shareholders of the listed company, respectively. The company is in good financial condition, and the company has sufficient self owned funds to pay for the share repurchase.
S.F.Holding Co.Ltd(002352) the management believes that this repurchase will not have a significant adverse impact on the company’s operation, profitability, finance, R & D, debt performance and future development. After the implementation of this repurchase, the company’s control will not change, nor will it change the company’s status as a listed company. The equity distribution meets the conditions of a listed company.
On January 29, S.F.Holding Co.Ltd(002352) released the performance forecast for 2021. It is estimated that the net profit attributable to the shareholders of the listed company is 4.2 billion yuan and C4.4 billion yuan, a decrease of 40% and C43% over the same period of the previous year S.F.Holding Co.Ltd(002352) explained that the company’s performance in 2021 decreased year-on-year, mainly due to: 1) the company increased the investment in network resources such as site, equipment and transportation capacity in order to expand market share, build long-term core competitiveness, cope with the high growth of parts volume and alleviate the bottleneck of production capacity; 2) During the epidemic period at the beginning of the year, in response to the call of the Spring Festival to celebrate the new year in place, the number of on-the-job employees and subsidies increased, resulting in an increase in labor costs; 3) The economic express delivery products with low price increase rapidly, which puts some pressure on the overall profit margin; 4) In 2020, the company will enjoy more preferential tax relief related to national anti epidemic, and these preferential policies will end in 2021.
According to the data, on March 2, S.F.Holding Co.Ltd(002352) shares opened low and went high. As of the closing, S.F.Holding Co.Ltd(002352) rose 0.94% to 58.08 yuan.
