SF Holdings: Net Profit In The First Three Quarters Of 4 Billion 311 Million, An Increase Of 45% Over The Same Period

According to relevant media, SF holdings released its three quarterly report in 2019. With the volume of business in the second half of 2019, the company's third quarter results broke out, and business revenue reached a new high of 18 years, reaching 28 billion 695 million yuan, an increase of 25.36% compared with the same period last year. Net profit attributable to shareholders of listed companies reached 1 billion 210 million yuan, an increase of 57.47% over the same period last year. Net profit after deducting non profits reached 1 billion 181 million yuan, an increase of over 60% over the same period, and 0.27 yuan per share, an increase of 58.82% over the same period last year.

According to the data, in the first three quarters, the company achieved operating income of 78 billion 770 million yuan, an increase of 20.37% over the same period last year, and realized a net profit of 4 billion 311 million yuan attributable to shareholders of listed companies, an increase of 44.77% over the same period; the net cash flow from operating activities was 7 billion 647 million yuan, up 66.58% over the same period last year; the basic earnings per share were 0.98 yuan, up 44.12% over the same period last year.

From the monthly volume of express delivery announced by SF, the volume of business has increased rapidly for 5 consecutive months. Thanks to its new product "special matching" business launched in May, the growth rate of SF business has been increasing for 5 consecutive months since May. It returned to 20% in July, 30% in August, and 35.52% in September, the fastest growth since May 2018.

With the implementation of new products, the Quarterly Volume of Shun Feng express continued to grow. It has achieved "slow season" in the two or three quarter of the traditional low season of the express industry, and achieved 1 billion 224 million good results in the third quarter of 2019, an increase of more than 30% over the three quarter of 2018.

In addition, the assets of SF continue to expand. By the end of September 2019, the total assets of SF holdings reached 83 billion 610 million yuan, up 16.51% from the end of 2018. Benefiting from the steady and healthy profit contribution in the first three quarters of 2019, the net assets attributable to shareholders of listed companies reached 39 billion 727 million yuan at the end of the reporting period, representing an increase of 8.22% over the end of 2018.

While the profit of SF Holdings has increased significantly, the net cash flow generated by the business activities of SF has also increased significantly. Data show that the net cash flow generated by the first three quarters of 2019 was 7 billion 647 million yuan, an increase of 66.58% over the same period last year. The company said it was mainly due to the combined effect of the increase in net inflow of business activities caused by profit growth and the increase in depreciation and amortization that did not involve cash.