Thursday evening (8), China’s leading express delivery industry Shunfeng Holdings unexpectedly forecasts that the first quarter will be out of the loss, more surprising to the market is the first quarter of Shunfeng’s express delivery volume still maintain high growth. Subject to this negative news, Shunfeng opened today immediately down to lock up.
Source: Oriental wealth network, the daily trend of SF
Shunfeng first quarter earnings forecast pointed out that the company suffered a loss in the first quarter while the volume of pieces remained high growth. It is expected to lose 900 million to 1.1 billion yuan from January to March this year, compared with a net profit of 907 million yuan in the same period last year.
On March 17, SF announced last year’s impressive results, with revenue of RMB 154 billion, up 37.3% year-on-year, and net income attributable to shareholders of the parent company of RMB 7.33 billion, up 26.4% year-on-year.
At the same time, the February express service briefing announced by SF this year showed that the cumulative express logistics and supply chain revenue from January to February this year totaled RMB27.595 billion, an annual increase of 33.72%; the cumulative express logistics business volume from January to February 2021 totaled 1.602 billion tickets, an annual increase of 53.89%.
The outside world believes that the first quarter of Shunfeng operations still maintain high growth, will appear loss of the main reason may be the expansion of capital expenditure (last year’s epidemic factors make capital expenditure to postpone) and resource input force, while consolidation to optimize resources, these may lead to Shunfeng costs rose sharply, and make short-term profitability performance pressure of the main reason.
As previously mentioned by SF, in order to meet the arrangements of e-commerce platforms and customers not to close for the Chinese New Year, in response to the policy of reducing staff turnover, the company gave a record amount of subsidies to first- and second-line online staff in the first quarter.
At the same time, the company maintained the delivery of epidemic prevention materials and online consumer goods during last year’s outbreak, which further stimulated the high growth of time-sensitive shipments, so the operating performance in the first quarter of this year will be negatively affected by last year’s high base period.
On the other hand, the growth of bulk business in the first quarter of this year was not as expected due to the introduction of the Chinese New Year no-closing strategy by competitors in some regions, which divided part of the bulk business.
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