SF Holdings released the 2021 semi-annual report: net profit in the first half of the year was 760 million yuan, a year-on-year decrease of 79.8%

Finance

SF Holdings announced that its operating income for the first half of 2021 was 88.344 billion yuan, a year-on-year increase of 24.2%; net profit was 760 million yuan, a year-on-year decrease of 79.8%; basic Earnings per share were 0.17 yuan.

 

Previously, SF Holdings stated that, on the one hand, the company has increased its new business development and resource investment, resulting in short-term pressure on the company’s costs; on the other hand, due to the promotion of local Chinese New Year during the Spring Festival in the first quarter of this year, the number of employees and salary costs have increased significantly.

In addition, due to the strong demand for e-commerce in the sinking market, the company’s economic express delivery product special distribution business volume has grown rapidly, and the pricing of this part is low, which affects the overall gross profit margin to a certain extent.

 

Wang Wei, chairman of SF Holdings, previously predicted that full-year profits would not return to 2020 levels.

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