Shulou(Shulou.com)11/24 Report--

CTOnews.com October 28 news, SF Holdings today released the third quarter of 2022 report, the first three quarters of 2022 results increased significantly compared with the same period last year:

The net profit belonging to shareholders of listed companies (hereinafter referred to as "return net profit") was 4.472 billion yuan, an increase of 148.77% over the same period last year. The net profit belonging to shareholders of listed companies after deducting non-recurrent profits and losses (hereinafter referred to as "non-return net profit") was 3.863 billion yuan, an increase of 1060.45% over the same period last year.

Of this total, the net profit of returning to the mother in the third quarter was 1.96 billion yuan, up 88.83 percent from the same period last year, up 31.49 percent from the previous year, and deducting the net profit of 1.716 billion yuan from the same period last year, up 111.79 percent from the same period last year and 38.79 percent from the previous year.

SF Holdings said that although it still faced external pressure from repeated local epidemics and high fuel prices in the third quarter, under the background of scientific and accurate epidemic prevention and positive growth in the express delivery industry in China, the company adhered to lean management measures to effectively deal with external challenges, helping the company achieve rapid year-on-year and month-on-month growth in the third quarter:

1) on the revenue side, the company's operating income in the third quarter was 69.083 billion yuan, an increase of 45.39% over the same period last year, and the number of completed business was 2.837 billion votes, an increase of 8.91% over the same period last year. By continuously improving service quality and differentiated product competitiveness, we will further consolidate end-to-end diversified logistics service capacity and achieve healthy product structure and income growth.

2) on the cost side, the achievements of lean resource planning and cost control are solid, the continuous deepening of multi-network integration and operation mode optimization, the integration of network, transit, trunk and branch transport resources and the enhancement of resource coordination across business plates, and the continuous improvement of network economies of scale with the pick-up of business volume.

3) merge the results of Kerry Logistics Network Co., Ltd. since the fourth quarter of 2021.

CTOnews.com learned that SF Holdings announced a centralized bid to buy back shares in the company. 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, on the basis of comprehensive consideration of business development prospects, operating conditions, financial situation, future profitability and the performance of the company's shares in the secondary market. The 22nd meeting of the fifth session of the board of directors was held on March 2, 2022, and the bill on the company's share buyback plan by centralized bidding was approved. The total repurchase amount is not less than 1 billion yuan and not more than 2 billion yuan, and the repurchase price does not exceed 70 yuan per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The repurchase period shall be within 6 months from the date of consideration and approval of the repurchase plan by the company's board of directors. As of September 1, 2022, the share buyback has been completed. The company uses 1.99964 billion yuan to buy back 38797055 shares, with an average transaction price of 51.54 yuan per share, accounting for 0.79 percent of the company's total share capital.

On the basis of the completion of the previous share buyback, the company held the 28th meeting of the Fifth session of the Board of Directors on September 22, 2022, and once again considered and adopted the "proposal on the Company's share Repurchase Plan by centralized bidding". It is agreed that the company should use its own funds to further repurchase some of the company's shares for employee stock ownership plans or equity incentives, with a total repurchase amount of no less than 1 billion yuan and no more than 2 billion yuan. The repurchase price shall not exceed RMB 70 per share, and the repurchase period shall be within 12 months from the date of consideration and approval of the repurchase plan by the company's board of directors. As of the end of this report, the company has not yet repurchased its shares through a special securities account for share repurchase. The company will implement the buyback plan within the buyback period according to market conditions.

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