The hottest SF Holdings' net profit in 2020 increa

2022-08-12
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The net profit of SF holdings in 2020 increased by 26% year-on-year, and the single ticket income decreased by 19%

release date: Source: China finance and economics

on March 18, SF Holdings Co., Ltd. (hereinafter referred to as "SF Holdings") disclosed the 2020 performance report. The annual report shows that the company's revenue last year was 153.987 billion, a year-on-year increase of 37.25%; The net profit attributable to the parent company was 7.326 billion, with a year-on-year increase of 26.39%. The company's single ticket revenue in 2020 was 17.77, a year-on-year decrease of 18.99%

according to the data, SF holdings is the largest integrated logistics service provider in China. Its main products and services include: time express, economic express, intra city instant logistics, warehousing services, international express and other express services, express services with less than carload as the core, cold chain transportation services for customers in the fields of fresh food, Rb ⑵ flip shelf food and medicine, and waiting for downstream demand verification; Macroscopically, the two sessions held value-added services such as price protection, payment collection, packaging services, fresh-keeping services

during the reporting period, the company achieved operating revenue of 153.987 billion, an increase of 37.25% year-on-year; The net profit attributable to the parent company was 7.326 billion, an increase of 26.39% year-on-year; The net profit attributable to the parent company after non deduction was 6.132 billion, with a year-on-year increase of 45.74%

in terms of single volume, the company's express logistics business in 2020 totaled 8.137 billion pieces, also up nearly 70%. As for the growth of performance, the company's annual report points out that it is mainly affected by multiple factors, such as the appearance of economies of scale, the optimization of operation mode, and the continuous decline of management and marketing expense ratio

in terms of business:

(1) the time effective parts business achieved a tax free operating income of 66.36 billion, an increase of 17.41% year-on-year, contributing more than 40% of the overall revenue increase. The main reason is that in the early stage of the outbreak of the epidemic, the delivery of epidemic prevention materials and residents' living materials was guaranteed, driving the rapid growth of time-lapse parts; In the post epidemic era, the penetration rate of e-commerce continues to increase. These enterprises do not deliberately seek a large range. The online trend of high-end consumption accelerates, and the business volume of time-lapse parts used by high-end e-commerce customers increases significantly

(2) the non tax operating income of economic parts business was 44.148 billion, with a year-on-year increase of 64%, and the business volume increased by 155.86%. During the reporting period, the company continued to vigorously explore the e-commerce parts market, rapidly increased the business scale of economic parts, led the company to significantly increase its market share, and released economies of scale

(3) the overall tax free operating income of express business was 18.517 billion, with a year-on-year increase of 46.27%

(4) the effective space of the tensile testing machine for cold transportation and pharmaceutical business refers to the clamping space of the sample. The overall tax free operating income was 6.497 billion, with a year-on-year increase of 27.53%, and the business maintained rapid growth

(5) the international business achieved a tax free operating income of 5.973 billion, an increase of 110.40% year-on-year, becoming the fastest growing business segment of the company

(6) the supply chain business achieved a tax free operating income of 7.104 billion, with a year-on-year increase of 44.45%, and the growth rate of revenue was ahead of the industry

in 2020, the single ticket revenue of SF express was 17.77, a year-on-year decrease of 18.99%. In 2019, the decline was 5.67%. On March 19, SF holdings released a briefing on express service operations in February 2021, which showed that the company's single ticket revenue for the month was 15.11, a year-on-year decline of 16.93%, and its single ticket revenue in January this year has declined by 12.39%

the gross profit margin of express logistics and supply chain was 16.37%, a year-on-year decrease of 1.02 percentage points, and has continued to decline since 2017. In 2020, the capital expenditure of the company was 14.154 billion, with a year-on-year increase of 9.59%, and the pace of capital expenditure accelerated

in addition, the statistical data of the State Post Office and the Shunfeng announcement show that under the market squeeze, the share of Shunfeng city has decreased from 18.8% to 7.61% from 2010 to 2019

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