Sf: net profit of 36.4 billion yuan in the first three quarters
On October 26, motion controlling release report third-quarter results in 2017, according to the report, in September 1, 2017, operating income of 49.826 billion yuan, up 23.18% from a year earlier, the net profit attributable to shareholders of listed companies 3.645 billion, up 10.80%; Excluding non-recurring profit and loss, net profit increased by 39.47 billion yuan, year-on-year. Basic earnings per share of 0.86 yuan. Profit growth exceeded revenue growth level and exceeded the original performance expectations.
According to the report, the company’s net profit attributable to shareholders of listed companies was 36.45 billion yuan in the third quarter of 2017, up 10.80% year on year. Excluding non-recurring profit and loss, net profit rose 39.47 percent year-on-year to 26.52 billion yuan. The company said the big increase in profit was mainly driven by revenue growth and cost optimization. According to the performance pledges given in the restructuring, the non-net profit of shunfeng holding 2016 to 2018 is not less than 21.5 billion yuan, 28.1.5 billion yuan and 34.88 billion yuan respectively. The non-net income of the company has reached 2.652 billion yuan in january-september, and 94% of the 2017 performance pledges have been completed. In terms of cost, shunfeng made reasonable control optimization of the three expenses, including 985 million yuan of sales expenses in the first three quarters and 52.39 billion yuan in management expenses, which were all well below the revenue growth rate. In the first quarter of this year, the financial cost was only $187 million, down 38.55 percent from the year before. The company said it was mainly responsible for the increase in the interest income of the financial companies. In the first three quarters of 2017, the operating margin of sf was 20.51%. The company said in a survey that the full-year gross margin target is around 20%. Company said last year in order to ensure that time, the company conducted a prospective business resources, to a certain extent will affect the operating margin, but beginning in the first half of 2017, the company’s gross margin has begun to gradually pick up. According to the data, the gross profit rate of the company in 2016 was 19.69 percent and the gross margin in the first half of 2017 was 21.19 percent. Shunfeng expects net profit of 46.93 billion yuan to 49.93 billion yuan in 2017, with an increase of 12.26 percent to 19.43 percent. In the fourth quarter, thanks to the catalytic activity of double 11, it is the peak season, so it is a big probability to complete the performance expectation. According to the report, in the debt composition, the debt is mainly short-term. According to the data, the total liabilities of sf were 227.03 billion yuan, of which the current liabilities accounted for 80.74%. In terms of liquidity, by the end of the third quarter, the company held rmb300.1.1 billion of current assets, of which 15463 billion yuan was in money, up 123% from the previous year. Current liabilities are 18.331 billion yuan, with a liquidity ratio of 1.64, a significant increase from 1.16 in early 2017. At present, China’s express delivery business has been the largest in the world for three consecutive years, accounting for 40% of the global express industry growth. Company chairman wang wei said in a recent media interview, motion will give full play to their own advantages, actively financing 123 industry, drive the upstream and downstream fully and promote the whole industry supply chain efficiency of authors and quality upgrading, speed up the real economy and the depth of the Internet, the Internet of things.