Gelonghui, March 26 | SF Holdings (002352.SZ) disclosed the 2023 annual report. In 2023, the company's total operating income reached 258.4 billion yuan, and net profit to mother reached 8.23 billion yuan, up 33.4% year on year; net profit after deducting mother reached 7.13 billion yuan, up 33.7% year on year, with basic earnings per share of 1.70 yuan. It is proposed to distribute a cash dividend of 6.0 yuan (tax included) for every 10 shares to all shareholders.

The 2023 performance also grew rapidly, and the revenue-side business structure was healthier. Cost-side companies continued to promote multi-network integration, expand the scope and scenarios of business financing, and focus on reducing costs and increasing efficiency throughout the end-to-end operation process, planning resource investment more accurately, and adapting the business model to continuously optimize the cost structure to further improve operating efficiency. At the same time, technology enables the company to improve the level of deep digitization of all aspects of operation and management. Combined with model algorithm technology, it provides a full range of systematic intelligent analysis and decision-making in advance resource planning, flexible scheduling, and post-event benefit review, etc., to help the company operate lean.

In 2023, the company's total revenue reached 258.4 billion yuan, and the total volume reached 11.97 billion tickets, an increase of 7.5% over the previous year. Among them, the company focused more on the middle and high-end markets in the e-commerce express delivery field, and completed the sale and delivery of the franchise model Fengwang business at the end of June 2023. Excluding Fengwang's business, the total volume increased 16.2% year on year. The revenue of the express logistics sector was 191.1 billion yuan, up 9.7% year on year. Excluding Fengwang's business, revenue increased 11.3% year on year, and volume increased 16.2% year on year. The company always pursues high-quality business and revenue growth, is customer-centered, continuously enhances product competitiveness, deeply cultivates industry customers to meet their diverse needs, and promotes healthy business development. Revenue from the supply chain and international sector was $59.98 billion, a year-on-year decrease of 31.7%. As mentioned earlier, the company's international freight and forwarding business was affected by the year-on-year decline in international air and sea freight demand and prices. The revenue scale and profit level declined significantly from the same period last year, but the revenue decline continued to narrow in 2023 as demand and freight rates stabilized quarterly; in addition, the company strengthened the construction of international express delivery products with time-efficient competitiveness and high cost performance, and vigorously expanded the cross-border e-commerce logistics business on emerging platforms. The international express delivery business grew rapidly.

Furthermore, the company submitted an application for the issuance and listing of H shares to the Hong Kong Stock Exchange on August 21, 2023, and submitted filing application materials for the issuance and listing of H shares to the China Securities Regulatory Commission in accordance with relevant regulations, which were accepted by the China Securities Regulatory Commission. The issuance and listing of the company's H shares still requires approval, approval or filing from relevant government agencies, regulators, and stock exchanges such as the China Securities Regulatory Commission and the Hong Kong Stock Exchange. There is still uncertainty about this matter.