S.F. Holding Co., Ltd. (HKG:6936)

S.F. Holding Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	302,422	284,022	257,987	267,123	206,828	153,757
Other Revenue	398.52	398.52	422.82	367.65	358.28	229.97
Revenue	302,820	284,420	258,409	267,490	207,187	153,987
Revenue Growth (YoY)	9.62%	10.07%	-3.40%	29.11%	34.55%	37.25%
Cost of Revenue	262,866	244,806	225,276	234,068	181,521	128,904
Gross Profit	39,955	39,614	33,133	33,423	25,666	25,083
Selling, General & Admin	22,645	21,653	20,624	20,359	17,868	13,852
Research & Development	2,266	2,534	2,285	2,223	2,155	1,742
Other Operating Expenses	728.25	595.44	-386.92	-952.41	-451.32	35.89
Operating Expenses	25,648	25,023	22,480	22,299	20,177	15,850
Operating Income	14,307	14,591	10,653	11,124	5,489	9,233
Interest Expense	-568.63	-2,373	-2,270	-2,054	-1,562	-1,017
Interest & Investment Income	1,506	1,366	1,434	1,371	2,594	1,037
Currency Exchange Gain (Loss)	82.29	82.29	-96.38	117.31	-103.53	23.66
Other Non Operating Income (Expenses)	-1,147	-209.41	-139.86	-275.89	-86.39	-211.23
EBT Excluding Unusual Items	14,180	13,457	9,581	10,282	6,331	9,065
Gain (Loss) on Sale of Investments	-141.56	-237.49	-46.26	-27.94	98.95	130.42
Gain (Loss) on Sale of Assets	-51.61	33.53	25.09	91.69	40.46	-12.16
Asset Writedown	-247.79	-236.09	-265.43	-275.75	-296.69	-199.61
Other Unusual Items	590.47	590.47	1,192	897.11	959.68	1,055
Pretax Income	14,330	13,607	10,487	10,967	7,134	10,039
Income Tax Expense	3,068	3,388	2,575	3,963	3,214	3,107
Earnings From Continuing Operations	11,262	10,219	7,912	7,004	3,919	6,932
Minority Interest in Earnings	-400.63	-48.42	322.88	-829.86	349.89	394.05
Net Income	10,862	10,170	8,234	6,174	4,269	7,326
Net Income to Common	10,862	10,170	8,234	6,174	4,269	7,326
Net Income Growth	13.29%	23.51%	33.38%	44.62%	-41.73%	26.39%
Shares Outstanding (Basic)	4,944	4,828	4,850	4,869	4,604	4,464
Shares Outstanding (Diluted)	4,944	4,828	4,855	4,874	4,604	4,545
Shares Change (YoY)	2.39%	-0.55%	-0.39%	5.87%	1.28%	2.81%
EPS (Basic)	2.20	2.11	1.70	1.27	0.93	1.64
EPS (Diluted)	2.20	2.11	1.70	1.27	0.93	1.64
EPS Growth	10.55%	24.07%	33.88%	36.74%	-43.32%	24.40%
Free Cash Flow	19,882	22,842	14,098	18,519	-3,838	-943.55
Free Cash Flow Per Share	4.02	4.73	2.90	3.80	-0.83	-0.21
Dividend Per Share	0.440	0.840	0.600	0.250	0.180	0.330
Dividend Growth	-56.00%	40.00%	140.00%	38.89%	-45.45%	22.22%
Gross Margin	13.19%	13.93%	12.82%	12.50%	12.39%	16.29%
Operating Margin	4.72%	5.13%	4.12%	4.16%	2.65%	6.00%
Profit Margin	3.59%	3.58%	3.19%	2.31%	2.06%	4.76%
Free Cash Flow Margin	6.57%	8.03%	5.46%	6.92%	-1.85%	-0.61%
EBITDA	22,752	23,830	20,951	20,297	11,626	13,851
EBITDA Margin	7.51%	8.38%	8.11%	7.59%	5.61%	9.00%
D&A For EBITDA	8,446	9,239	10,298	9,174	6,137	4,617
EBIT	14,307	14,591	10,653	11,124	5,489	9,233
EBIT Margin	4.72%	5.13%	4.12%	4.16%	2.65%	6.00%
Effective Tax Rate	21.41%	24.90%	24.55%	36.14%	45.06%	30.95%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.