New Stock News | S.F. Holding plans to launch an initial public offering at the end of September, intending to raise at least $1 billion.

According to reports, Chinese express delivery giant S.F. Holding (002352.SZ) is planning to publicly list in Hong Kong by the end of this month, with an expected minimum fundraising amount of at least $1 billion. The Hong Kong Stock Exchange disclosed on June 28 that S.F. Holding Limited has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Goldman Sachs, Huatai International, and J.P. Morgan as joint sponsors. S.F. Holding received a notice of listing approval from the China Securities Regulatory Commission on May 31, 2024, and plans to issue no more than approximately 625 million shares. In terms of financial reports, S.F. Holding released its interim report for the first half of 2024, with operating income of 134.41 billion yuan, an 8.08% year-on-year increase. Net profit attributable to the shareholders of the listed company was 4.807 billion yuan, a 15.10% year-on-year increase. Net profit attributable to shareholders of the listed company excluding non-recurring gains and losses was 4.148 billion yuan, an 11.95% year-on-year increase. Basic earnings per share were 1.00 yuan. Additionally, recently S.F. Holding released a business brief for its express delivery and logistics operations in July, with operating income of 16.228 billion yuan for the month, a 9.87% year-on-year increase; 1.03 billion shipments, a 16.65% year-on-year increase; and an average revenue per shipment of 15.76 yuan, a 5.80% year-on-year decrease.