New Risk • Jun 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 41% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: CN¥0.062 (vs CN¥0.018 in FY 2024) Full year 2025 results: EPS: CN¥0.062 (up from CN¥0.018 in FY 2024). Revenue: CN¥1.69b (down 3.4% from FY 2024). Net income: CN¥48.6m (up 238% from FY 2024). Profit margin: 2.9% (up from 0.8% in FY 2024). The increase in margin was driven by lower expenses. Annonce • Apr 29
SFC Holdings Co., Ltd., Annual General Meeting, May 21, 2026 SFC Holdings Co., Ltd., Annual General Meeting, May 21, 2026, at 15:00 China Standard Time. Location: 39F, No. 25, Haitian 2nd Road, Binhai Community, Yuehai Subdistrict, Nanshan District, Shenzhen, Guangdong China Annonce • Mar 31
SFC Holdings Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 SFC Holdings Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Annonce • Dec 31
SFC Holdings Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 SFC Holdings Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Board Change • Dec 13
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Qinwen Peng was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.011 (vs CN¥0.003 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.011 (up from CN¥0.003 loss in 3Q 2024). Revenue: CN¥424.5m (down 5.4% from 3Q 2024). Net income: CN¥8.59m (up CN¥11.0m from 3Q 2024). Profit margin: 2.0% (up from net loss in 3Q 2024). Annonce • Sep 30
SFC Holdings Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 SFC Holdings Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Annonce • Jul 02
SFC Holdings Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 SFC Holdings Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Reported Earnings • May 02
First quarter 2025 earnings released: EPS: CN¥0.018 (vs CN¥0.038 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.018 (down from CN¥0.038 in 1Q 2024). Revenue: CN¥402.9m (up 3.5% from 1Q 2024). Net income: CN¥14.0m (down 54% from 1Q 2024). Profit margin: 3.5% (down from 7.7% in 1Q 2024). The decrease in margin was driven by higher expenses. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 186% Paying a dividend despite having no free cash flows. Earnings have declined by 20% per year over the past 5 years. High level of non-cash earnings (72% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (0.8% net profit margin). Reported Earnings • Apr 03
Full year 2024 earnings released: EPS: CN¥0.018 (vs CN¥0.18 in FY 2023) Full year 2024 results: EPS: CN¥0.018 (down from CN¥0.18 in FY 2023). Revenue: CN¥1.75b (up 3.0% from FY 2023). Net income: CN¥14.4m (down 88% from FY 2023). Profit margin: 0.8% (down from 7.3% in FY 2023). Annonce • Apr 03
SFC Holdings Co., Ltd., Annual General Meeting, Apr 24, 2025 SFC Holdings Co., Ltd., Annual General Meeting, Apr 24, 2025, at 15:00 China Standard Time. Location: Tower A, No. 19, Langshan Road, Songpingshan Community, Xili Subdistrict, Nanshan District, Shenzhen, Guangdong China Annonce • Mar 31
SFC Holdings Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 SFC Holdings Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 New Risk • Jan 31
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 186% Paying a dividend despite having no free cash flows. Earnings have declined by 14% per year over the past 5 years. High level of non-cash earnings (101% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.6% net profit margin). Board Change • Jan 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Qinwen Peng was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Dec 31
SFC Holdings Co., Ltd. to Report Fiscal Year 2024 Results on Apr 03, 2025 SFC Holdings Co., Ltd. announced that they will report fiscal year 2024 results on Apr 03, 2025 New Risk • Nov 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 186% Paying a dividend despite having no free cash flows. Earnings have declined by 14% per year over the past 5 years. High level of non-cash earnings (101% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (3.6% net profit margin). Reported Earnings • Oct 30
Third quarter 2024 earnings released: CN¥0.003 loss per share (vs CN¥0.039 profit in 3Q 2023) Third quarter 2024 results: CN¥0.003 loss per share (down from CN¥0.039 profit in 3Q 2023). Revenue: CN¥448.7m (flat on 3Q 2023). Net loss: CN¥2.38m (down 109% from profit in 3Q 2023). New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 121% Cash payout ratio: 212% Earnings have declined by 11% per year over the past 5 years. High level of non-cash earnings (45% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (5.3% net profit margin). Annonce • Sep 30
SFC Holdings Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 SFC Holdings Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥8.19, the stock trades at a trailing P/E ratio of 73.8x. Average trailing P/E is 32x in the Multiline Retail industry in China. Total loss to shareholders of 56% over the past year. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.019 (vs CN¥0.066 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.019 (down from CN¥0.066 in 2Q 2023). Revenue: CN¥411.7m (down 9.6% from 2Q 2023). Net income: CN¥15.3m (down 66% from 2Q 2023). Profit margin: 3.7% (down from 9.7% in 2Q 2023). The decrease in margin was driven by lower revenue. Annonce • Jun 29
SFC Holdings Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 SFC Holdings Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥8.61, the stock trades at a trailing P/E ratio of 54.9x. Average trailing P/E is 28x in the Multiline Retail industry in China. Board Change • Apr 10
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Xing Fang was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Apr 04
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 1.3% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.7% per year over the past 5 years. Minor Risk Short dividend paying track record (less than a year of continuous dividend payments). Annonce • Mar 30
SFC Holdings Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 SFC Holdings Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.21 in FY 2022) Full year 2023 results: EPS: CN¥0.18 (down from CN¥0.21 in FY 2022). Revenue: CN¥1.70b (up 7.1% from FY 2022). Net income: CN¥123.7m (down 12% from FY 2022). Profit margin: 7.3% (down from 8.9% in FY 2022). The decrease in margin was driven by higher expenses. Annonce • Mar 29
SFC Holdings Co., Ltd., Annual General Meeting, Apr 18, 2024 SFC Holdings Co., Ltd., Annual General Meeting, Apr 18, 2024, at 15:00 China Standard Time. Location: 10F, Tower A, No. 19, Langshan Road, Songpingshan Community, Xili Subdistrict, Nanshan District, Shenzhen, Guangdong China Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥10.44, the stock trades at a trailing P/E ratio of 57.9x. Average trailing P/E is 29x in the Multiline Retail industry in China. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥12.10, the stock trades at a trailing P/E ratio of 67.1x. Average trailing P/E is 24x in the Multiline Retail industry in China. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥11.24, the stock trades at a trailing P/E ratio of 62.3x. Average trailing P/E is 27x in the Multiline Retail industry in China. Annonce • Dec 30
SFC Holdings Co., Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024 SFC Holdings Co., Ltd. announced that they will report fiscal year 2023 results on Mar 29, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.039 (vs CN¥0.055 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.039 (down from CN¥0.055 in 3Q 2022). Revenue: CN¥445.0m (up 15% from 3Q 2022). Net income: CN¥25.8m (down 28% from 3Q 2022). Profit margin: 5.8% (down from 9.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥15.21, the stock trades at a trailing P/E ratio of 78.1x. Average trailing P/E is 28x in the Multiline Retail industry in China. 