The overall operating performance of S.F.Holding Co.Ltd(002352) ( S.F.Holding Co.Ltd(002352) . SZ) in 2021 declined compared with the data in the same period due to the superposition of factors such as increasing the investment in network resources, the rapid growth of preferential distribution business with low pricing, and the end of anti epidemic related tax relief. At the annual performance meeting held this afternoon, S.F.Holding Co.Ltd(002352) director, financial director and deputy general manager he Jie said that the company would cooperate with Kerry Logistics in many ways to expand the layout of international aviation network, quickly expand cross-border and local express business in emerging markets in Southeast Asia, and make use of Kerry Logistics’s strength in international freight and overseas local operations to efficiently open up Shunfeng’s end-to-end international supply chain.
S.F.Holding Co.Ltd(002352) the disclosed 2021 annual report shows that last year, the company achieved an operating revenue of 207187 billion yuan, a year-on-year increase of 34.55%; The net profit was 4.269 billion yuan, a year-on-year decrease of 41.73%; The basic earnings per share is 0.93 yuan. The company plans to distribute a cash dividend of 1.8 yuan (including tax) to all shareholders for every 10 shares.
According to the company’s executives at the meeting, S.F.Holding Co.Ltd(002352) has implemented share repurchase since March 3, 2022, and the shares repurchased this time will be used for employee stock ownership plan or equity incentive.
At the business level, according to the data of the annual report, time express is still the main source of S.F.Holding Co.Ltd(002352) last year’s revenue.
The reporter noted that compared with the business sectors such as economic express, express, cold transport, medicine and intra city express delivery, the supply chain and international realized a revenue of 39.2 billion yuan (excluding tax) in 2021, with a year-on-year increase of 199.8%, accounting for the proportion of total revenue, second only to time express; In terms of quarterly gross profit, Q4 reversed the negative year-on-year increase in the first three quarters, with a year-on-year increase of 94.1% to 10.32 billion yuan.
In this regard, Gan Ling, the managing secretary and deputy general manager, said at the meeting that in 2021, the supply chain business of SF international express, SF FengHao and new Xiahui achieved rapid growth during the reporting period. At the same time, Kerry Logistics was merged from the fourth quarter to further expand the scale of the company’s international business and comprehensive logistics business. In terms of cost reduction, it further said that the company continued to promote the four networks financing business. In addition to the site and transportation financing, it will also deepen the end financing this year. It is expected that the annual financial cost reduction space will not be less than the results of 2021.
The opening of Ezhou airport and the impact of the epidemic on this year’s business volume were also hot concerns at the performance meeting.
“Ezhou airport has completed the flight calibration by the end of December 2021, and the transfer center is expected to be put into use in 2023. After the logistics center of Ezhou airport is put into service, the number of cities covered by time limited parts will increase, saving the stock express that can only be transported by land due to insufficient routes, and the stability will be improved. The reduction of ton kilometer cost also makes the pricing of time limited parts more flexible and flexible.” Company executives said at the meeting.
Recently, S.F.Holding Co.Ltd(002352) in an institutional survey, revealed that during the peak period of the epidemic spread in mid March, 17% of the company’s outlets in China suspended receiving and dispatching, and some business volumes were affected. With the improvement of the prevention and control situation in many places, the number of controlled outlets has gradually decreased. “The impact of the epidemic on the company in March is generally controllable.” He Jie said.
