Announcement • Jul 01
S.F. Holding Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026 S.F. Holding Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 Announcement • Jun 11
S.F. Holding Co., Ltd. announced that it has received HKD 8.298745559 billion in funding from J&T Global Express Limited On June 9, 2026, S.F. Holding Co., Ltd. closed the transaction. The net proceeds from this H share issuance after deducting commissions and estimated expenses are approximately HKD 8,288,750,000. Upon completion of this H share issuance, the total number of issued shares of the Company increased from 5,039,430,409 shares to 5,265,308,078 shares, of which the total number of issued H shares increased from 240,000,000 H shares to 465,877,669 H shares, while the number of A shares (including the repurchased A shares intended to be cancelled but not yet cancelled) remained unchanged at 4,799,430,409 A shares. The transaction has been approved by Board of Directors of the company. Announcement • Apr 16
S.F. Holding Co., Ltd., Annual General Meeting, May 08, 2026 S.F. Holding Co., Ltd., Annual General Meeting, May 08, 2026, at 15:00 China Standard Time. Location: block b meeting room, tk chuangzhi tiandi building, keji south 1st road, nanshan district, shenzhen, guangdong province., China Announcement • Apr 02
S.F. Holding Co., Ltd. Proposes Final Cash Dividend for the Year Ended December 31, 2025 S.F. Holding Co., Ltd. at its AGM,to be held, proposed the distribution of a final dividend of RMB 43 cents per share (December 31, 2024: RMB 60 cents) for the year ended December 31, 2025. The final cash dividend of RMB 4.3 (tax inclusive) per 10 Shares will be distributed to all Shareholders. The amount of the final cash dividend distribution is expected to be RMB 2.14 billion. Coupled with the 2025 interim cash dividend of approximately RMB 2.32 billion disbursed, the estimated aggregate amount of cash dividends for 2025 is RMB 4.46 billion, accounting for approximately 40% of the profit attributable to owners of the Company in 2025. Announcement • Mar 31
S.F. Holding Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 S.F. Holding Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 31
S.F. Holding Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 S.F. Holding Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Announcement • Sep 30
S.F. Holding Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 S.F. Holding Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jul 02
S.F. Holding Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 S.F. Holding Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Jun 27
S.F. Holding Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 2.9505 billion. S.F. Holding Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 2.9505 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 70,000,000
Price\Range: HKD 42.15
Discount Per Security: HKD 0.25
Transaction Features: Subsequent Direct Listing Announcement • May 22
S.F. Holding Co., Ltd., Annual General Meeting, Jun 13, 2025 S.F. Holding Co., Ltd., Annual General Meeting, Jun 13, 2025, at 15:00 China Standard Time. Location: block b meeting room, tk chuangzhi tiandi building, keji south 1st road, nanshan district, guangdong province, shenzhen China Announcement • Apr 01
S.F. Holding Co., Ltd. Proposes Cash Dividend for 2024 S.F. Holding Co., Ltd. proposed final Cash dividend/10 shares (tax included): CNY4.40000000 for 2024. Announcement • Mar 31
S.F. Holding Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 S.F. Holding Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 31
S.F. Holding Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 S.F. Holding Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Announcement • Nov 21
S.F. Holding Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 6.171 billion. S.F. Holding Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 6.171 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 16,150,000
Price\Range: HKD 32.3 to HKD 36.3
Discount Per Security: HKD 0.2904
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 43,851,240
Price\Range: HKD 32.3 to HKD 36.3
Discount Per Security: HKD 0.2904
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 109,998,760
Price\Range: HKD 32.3 to HKD 36.3
Discount Per Security: HKD 0.2904
Transaction Features: New Market Listing; Regulation S; Rule 144A; Sponsor Backed Offering Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.58 (vs CN¥0.43 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.58 (up from CN¥0.43 in 3Q 2023). Revenue: CN¥72.5b (up 12% from 3Q 2023). Net income: CN¥2.81b (up 35% from 3Q 2023). Profit margin: 3.9% (up from 3.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Oct 12
S.F. Holding Co., Ltd. Proposes Special Dividend for the First Half 2024 S.F. Holding Co., Ltd. proposed special dividend of CNY 10.00 per 10 shares (tax included) for the first half 2024. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥44.98, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Logistics industry in China. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥61.42 per share. Announcement • Sep 30
S.F. Holding Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 S.F. Holding Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.61 (vs CN¥0.51 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.61 (up from CN¥0.51 in 2Q 2023). Revenue: CN¥69.1b (up 9.1% from 2Q 2023). Net income: CN¥2.90b (up 18% from 2Q 2023). Profit margin: 4.2% (up from 3.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Jun 29
S.F. Holding Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 S.F. Holding Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Declared Dividend • May 09
Dividend increased to CN¥0.60 Dividend of CN¥0.60 is 140% higher than last year. Ex-date: 14th May 2024 Payment date: 14th May 2024 Dividend yield will be 1.6%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 29% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 01
S.F. Holding Co., Ltd. (SZSE:002352) announces an Equity Buyback for CNY 1,000 million worth of its shares. S.F. Holding Co., Ltd. (SZSE:002352) announces a share repurchase program. Under the program, the company will repurchase up to CNY 1,000 million worth of its shares. The plan will be valid for 12 months. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.39 (vs CN¥0.35 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.39 (up from CN¥0.35 in 1Q 2023). Revenue: CN¥65.3b (up 7.0% from 1Q 2023). Net income: CN¥1.91b (up 11% from 1Q 2023). Profit margin: 2.9% (up from 2.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Mar 30
S.F. Holding Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 S.F. Holding Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Mar 27
S.F. Holding Co., Ltd., Annual General Meeting, Apr 30, 2024 S.F. Holding Co., Ltd., Annual General Meeting, Apr 30, 2024, at 15:00 China Standard Time. Location: Tower B, SIHC Chuangzhi Tiandi Building, Keji South 1st Road, Nanshan District, Shenzhen, Guangdong China Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: CN¥1.70 (vs CN¥1.27 in FY 2022) Full year 2023 results: EPS: CN¥1.70 (up from CN¥1.27 in FY 2022). Revenue: CN¥258.4b (down 3.4% from FY 2022). Net income: CN¥8.23b (up 33% from FY 2022). Profit margin: 3.2% (up from 2.3% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.7% to CN¥37.21. The fair value is estimated to be CN¥46.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 5.8%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Announcement • Feb 07
S.F. Holding Co., Ltd. made an offer to acquire 73.2% stake in Kerry Express (Thailand) Public Company Limited (SET:KEX) for THB 7 billion. S.F. Holding Co., Ltd. made an offer to acquire 73.2% stake in Kerry Express (Thailand) Public Company Limited (SET:KEX) for THB 7 billion on February 6, 2024. In related transaction SF International Holding (Thailand) Co., Ltd signed a Share purchase agreement with Flourish Harmony Holdings Company Limited. Announcement • Dec 30
S.F. Holding Co., Ltd. to Report Fiscal Year 2023 Results on Mar 27, 2024 S.F. Holding Co., Ltd. announced that they will report fiscal year 2023 results on Mar 27, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.43 (vs CN¥0.41 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.43 (up from CN¥0.41 in 3Q 2022). Revenue: CN¥64.6b (down 6.4% from 3Q 2022). Net income: CN¥2.09b (up 6.6% from 3Q 2022). Profit margin: 3.2% (up from 2.8% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Buying Opportunity • Sep 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be CN¥51.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.51 (vs CN¥0.30 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.51 (up from CN¥0.30 in 2Q 2022). Revenue: CN¥63.3b (down 5.6% from 2Q 2022). Net income: CN¥2.46b (up 65% from 2Q 2022). Profit margin: 3.9% (up from 2.2% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Buying Opportunity • Aug 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be CN¥54.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has declined by 2.7%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Buying Opportunity • Jul 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be CN¥57.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has declined by 2.7%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 25% per annum over the same time period. Announcement • Jun 17
JS Corporation (KOSE:A194370), HL Co.,Ltd, S.F. Holding Co., Ltd. (SZSE:002352) Hong Seo-Yoon,Kim Mun-Ja and Kook-Heeju agreed to acquire 16.12% stake in THE MIDONG Co,. Ltd. (KOSDAQ:A161570) from Shanghai Yufeng Investment for CNY4.1 billion. JS Corporation (KOSE:A194370), HL Co.,Ltd, S.F. Holding Co., Ltd. (SZSE:002352) Hong Seo-Yoon,Kim Mun-Ja and Kook-Heeju agreed to acquire 16.12% stake in THE MIDONG Co,. Ltd. (KOSDAQ:A161570) from Shanghai Yufeng Investment for CNY4.1 billion on June 15, 2023. The transaction is expected to close on August 6, 2023. Announcement • May 09
S.F. Holding Co., Ltd. Declares Final Dividend for the Year 2022, Payable on 12 May 2023 S.F. Holding Co., Ltd. declared 2022 final profit distribution of CNY 2.50 (A shares) per 10 shares (tax included). Record date is 11 May 2023, Ex-date is 12 May 2023 and Payment date is 12 May 2023. 10% withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable. Please refer to below details: Tax on cash dividend/10 shares: CNY 0.25000000(10% x CNY 2.50000000). Net cash dividend/10 shares after tax: CNY 2.25000000(CNY 2.50000000- CNY 0.25000000). Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: CN¥1.27 (vs CN¥0.93 in FY 2021) Full year 2022 results: EPS: CN¥1.27 (up from CN¥0.93 in FY 2021). Revenue: CN¥267.5b (up 29% from FY 2021). Net income: CN¥6.17b (up 45% from FY 2021). Profit margin: 2.3% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Peter Yip was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.41 (vs CN¥0.24 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.41 (up from CN¥0.24 in 3Q 2021). Revenue: CN¥69.1b (up 45% from 3Q 2021). Net income: CN¥1.96b (up 89% from 3Q 2021). Profit margin: 2.8% (up from 2.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Sep 03
Second quarter 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.38 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.30 (down from CN¥0.38 in 2Q 2021). Revenue: CN¥67.1b (up 47% from 2Q 2021). Net income: CN¥1.49b (down 15% from 2Q 2021). Profit margin: 2.2% (down from 3.8% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 19%, compared to a 24% growth forecast for the Logistics industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.22 loss in 1Q 2021) First quarter 2022 results: EPS: CN¥0.21 (up from CN¥0.22 loss in 1Q 2021). Revenue: CN¥63.0b (up 48% from 1Q 2021). Net income: CN¥1.02b (up CN¥2.01b from 1Q 2021). Profit margin: 1.6% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 25%, compared to a 27% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Peter Yip was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: CN¥0.93 (vs CN¥1.64 in FY 2020) Full year 2021 results: EPS: CN¥0.93 (down from CN¥1.64 in FY 2020). Revenue: CN¥207.2b (up 35% from FY 2020). Net income: CN¥4.27b (down 42% from FY 2020). Profit margin: 2.1% (down from 4.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 30%, compared to a 31% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.41 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥47.5b (up 24% from 3Q 2020). Net income: CN¥1.04b (down 44% from 3Q 2020). Profit margin: 2.2% (down from 4.8% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.39 (vs CN¥0.64 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥45.7b (up 22% from 2Q 2020). Net income: CN¥1.75b (down 39% from 2Q 2020). Profit margin: 3.8% (down from 7.6% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 11% per year. Reported Earnings • Apr 25
First quarter 2021 earnings released: CN¥0.22 loss per share (vs CN¥0.21 profit in 1Q 2020) The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: CN¥42.6b (up 27% from 1Q 2020). Net loss: CN¥989.0m (down 209% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥65.90, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 20x in the Logistics industry in China. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥92.63 per share. Executive Departure • Mar 24
Supervisor has left the company On the 16th of March, Li Li's tenure as Supervisor ended after 1.2 years in the role. We don't have any record of a personal shareholding under Li's name. A total of 2 executives have left over the last 12 months. Executive Departure • Mar 24
Chairman of the Supervisory Board Xun Sun has left the company On the 16th of March, Xun Sun's tenure as Chairman of the Supervisory Board ended after 1.2 years in the role. We don't have any record of a personal shareholding under Xun's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS CN¥1.64 (vs CN¥1.32 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥154.0b (up 37% from FY 2019). Net income: CN¥7.33b (up 26% from FY 2019). Profit margin: 4.8% (down from 5.2% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 11
New 90-day high: CN¥117 The company is up 45% from its price of CN¥80.83 on 13 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥190 per share. Is New 90 Day High Low • Jan 20
New 90-day high: CN¥93.99 The company is up 11% from its price of CN¥84.99 on 23 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥246 per share. Is New 90 Day High Low • Jan 05
New 90-day high: CN¥93.50 The company is up 15% from its price of CN¥81.20 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥240 per share. Announcement • Dec 30
Line Clear Express and Logistics Sdn Bhd Enters into League Agreement with S.F. Holding Co., Ltd MMag Holdings Berhad announced that Line Clear Express and Logistics Sdn Bhd, a sub- subsidiary of the company had on December 28, 2020 entered into a League Agreement with SF Express. As a provider of express delivery and transportation services, SF Express intends to provide customers in the territory of Malaysia except Sabah and Port Klang with comprehensive express order fulfilment and comprehensive transportation solutions. Line Clear has the ability and the requisite license in the Territory to engage in the sales of express products, pickup and delivery services, customs clearance, international express delivery and/or cargo transportation within its business scope. SF Express will provide trademark authorization, design support, product support, system empowerment, market management training, personnel training, legal support, after- sales support. Line Clear will provide office workers, deliverymen, delivery vehicles, implementation of all SF Express' businesses in Malaysia, promotion and development of SF Express' brand, specific implementation of SF Express' products in Malaysia, use of SF Express' software, spreading and enrichment of SF Express's philosophy, and accomplishment of SF Express' after-sales services and other jobs. Subject to clause in Section 4 of this announcement, either Party may terminate the agreement by giving at least three calendar months' written notice to the other Party. In case of any loss caused by Line Clear's early termination, SF Express shall be liable for compensation. Upon signing, the Agreement shall be valid from December 15, 2020 to December 14, 2023. Both parties agree that the cooperation shall remain in pilot run from December 15, 2020 to February 14, 2021. Is New 90 Day High Low • Nov 25
New 90-day low: CN¥76.32 The company is down 13% from its price of CN¥87.58 on 28 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥190 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥7.08b, up 20% from the prior year. Total revenue was CN¥143.0b over the last 12 months, up 37% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 28
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 0.04% at CN¥38.5b. Revenue is forecast to grow 25% over the next year, compared to a 25% growth forecast for the Logistics industry in China. Announcement • Oct 20
S.F. Holding Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 S.F. Holding Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Is New 90 Day High Low • Oct 13
New 90-day high: CN¥91.30 The company is up 37% from its price of CN¥66.43 on 15 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Logistics industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥171 per share. Announcement • Aug 07
S.F. Holding Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020 S.F. Holding Co., Ltd. announced that they will report first half, 2020 results on Aug 26, 2020 Announcement • Aug 06
An unknown buyer acquired 5.3% stake in S.F. Holding Co., Ltd. (SZSE:002352) from Shenzhen Mingde Holding Development Co., Ltd. An unknown buyer acquired 5.3% stake in S.F. Holding Co., Ltd. (SZSE:002352) from Shenzhen Mingde Holding Development Co., Ltd. on August 5, 2020. Upon closing, Shenzhen Mingde Holding Development Co., Ltd. will hold 59.3% stake in S.F. Holding Co., Ltd.
An unknown buyer completed the acquisition 5.3% stake in S.F. Holding Co., Ltd. (SZSE:002352) from Shenzhen Mingde Holding Development Co., Ltd. on August 5, 2020. 
