Per recent reports, SF Holding, a prominent Chinese express logistics firm (002352.SZ), successfully concluded its hearing for listing on the Hong Kong Stock Exchange on the previous day (November 10). Subsequently, the company disseminated the post-hearing documentation and initiated the Preliminary Document of Information Exchange (PDIE) today, in readiness for its imminent listing on the Hong Kong Stock Exchange, with the objective of achieving listing within the current month.

The anticipated fundraising target for SF Holding's Hong Kong IPO ranges between USD 1 billion and USD 1.5 billion, positioning it as the second-largest new stock in Hong Kong this year, exceeding the USD 5.4 billion raised by Horizon and trailing only the Midea Group's listing in September.

As early as the evening of October 29, SF Holding released its financial report for the third quarter of 2024. As per the company's financial statements, SF Holding garnered a revenue of CNY 206.861 billion in the initial three quarters, reflecting a 9.44% year-on-year increase. The net profit amounted to CNY 7.617 billion, denoting a 21.59% year-on-year growth, with an operating income of CNY 72.451 billion in the third quarter of 2024, showcasing a 12.07% year-on-year rise. Furthermore, the company derived substantial gains from the escalating demand in international maritime and air transport, with the supply chain and international segments witnessing a 27.22% year-on-year revenue surge.

Regarding profits, SF Holding's attributable net profit for the third quarter reached CNY 2.81 billion, reflecting a 34.59% year-on-year increase, with an attributable net profit margin of 3.88%, up by 0.65 percentage points compared to the corresponding period last year. The non-recurring attributable net profit stood at CNY 2.595 billion, demonstrating a 40.98% year-on-year growth, with a non-recurring attributable net profit margin of 3.58%, an increase of 0.73 percentage points compared to the preceding year. These robust financial metrics not only signify SF Holding's substantial advancements in enhancing profitability but also underscore the company's adept management in cost control and resource optimization, bolstering confidence in SF Holding's trajectory towards listing.

Moreover, as a token of gratitude to shareholders, SF Holding intends to execute a one-time special cash dividend for all shareholders ahead of its H-share listing, with the total dividend anticipated to approximate around CNY 4.8 billion.

SF Holding's listing signifies a pivotal milestone in the company's progression and serves as a microcosm of the development within the Chinese express delivery sector and capital market. With the sustained growth of the Chinese economy and the continued maturation of the capital market, SF Holding's listing is poised to introduce fresh investment avenues for investors and infuse renewed dynamism into the company's long-term evolution.