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S.F. Holding Q3 profit climbs 39.7% YOY

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According to Market Intelligence, December 2022

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S.F. Holding Q3 profit climbs 39.7% YOY

S.F. Holding Co. Ltd. said its third-quarter normalized net income amounted to 34 fen per share, an increase of 28.2% from 26 fen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.45 billion yuan, a gain of 39.7% from 1.04 billion yuan in the prior-year period.

The normalized profit margin climbed to 8.2% from 7.2% in the year-earlier period.

Total revenue grew 23.0% on an annual basis to 17.67 billion yuan from 14.36 billion yuan, and total operating expenses increased 17.9% on an annual basis to 16.46 billion yuan from 13.97 billion yuan.

Reported net income increased 14.6% on an annual basis to 1.76 billion yuan, or 41 fen per share, from 1.54 billion yuan, or 39 fen per share.

As of Oct. 26, US$1 was equivalent to 6.63 yuan.