On March 18, S.F.Holding Co.Ltd(002352) released the monthly operating data for February 2022, with a total revenue of 15.818 billion yuan, an increase of 41.11% year-on-year. Considering the influence of the Spring Festival in different periods, the total revenue of S.F.Holding Co.Ltd(002352) 2022 from January to February reached 40.931 billion yuan, an increase of 48.33% over the total revenue of 27.595 billion yuan in the first two months of 2021.
Among them, from January to February, the total revenue of express logistics business was 27.129 billion yuan, an increase of 7.15% over the same period last year; The total volume of express logistics business was 1.627 billion tickets, an increase of 2.01% over the same period last year; The single ticket income reached 16.67 yuan, a year-on-year increase of 5.04%.
From the second half of 2021, S.F.Holding Co.Ltd(002352) actively optimized the product structure, reduced the number of products with low gross profit, effectively controlled and improved the development quality of the overall business while ensuring the speed of business development.
China Industrial Securities Co.Ltd(601377) analysts predict that the company will be in the intertwined stage of gradual performance repair and phased growth slowdown this year. Looking forward to 20232025, SF’s time effective logistics, economic e-commerce logistics and international business are expected to usher in new driving forces. The first growth curve time effective logistics dividend has not been completed, and the second and third growth curves are gradually opening.
