S.F. Holding Co., Ltd.
2021 Semi-Annual Report
August 2021
Chapter 1 Important Information, Table of Contents, and Definitions
The Company’s Board of Directors, Supervisory Committee, directors, supervisors, and senior management
hereby guarantee that the contents of the Semi-Annual Report are true, accurate, and complete, and that there are
no misrepresentations, misleading statements, or material omissions, and shall assume individual and joint legal
liabilities.
Wang Wei, the Company’s responsible person, Chen Fei, the person in charge of accounting work, and Hu
Xiaofei, the person in charge of the accounting department (accounting officer), hereby declare and warrant that
the financial report within the Semi-Annual Report is true, accurate, and complete.
All directors have attended the Board meeting approving the Semi-Annual Report.
The Company is required to comply with the disclosure requirements presented in the Shenzhen Stock
Exchange for Industrial Information Disclosure No.9 – Listed Companies Engaged in the Express Delivery
Services Business.
In this Semi-Annual Report, the Company details the possible risk factors and countermeasures that may
occur in the future. For more information, refer to “Section X. Possible Risks and Countermeasures” in “Chapter 3.
Management Discussion andAnalysis.” Investors shall refer to this information.
The Company does not plan to issue cash or equity dividends, nor to convert equity reserve into share capital
of the Company.
Table of Contents
Chapter 1 Important Information, Table of Contents, and Definitions ...... 2
Chapter 2 Company Profile and Key Financial Indicators ...... 7
Chapter 3 Management Discussion andAnalysis ...... 10
Chapter 4. Corporate Governance...... 79
Chapter 5. Environmental and Social Responsibilities ...... 69
Chapter 6. Significant Events ...... 72
Chapter 7 Share Changes & Shareholder Details I. Changes in Shares...... 121
Chapter 8 Preferred Shares ...... 125
Chapter 9 Bonds...... 126
Chapter 10 Financial Statements...... 127
List of DocumentsAvailable for Inspection
(1) Financial statements signed and sealed by the legal representative, the person in charge of finance and the person in charge of the
accounting department of the Company.
(2) The original copies of all documents and announcements of the Company which have been publicly disclosed in newspapers
designated by the China Securities Regulatory Commission during the reporting period.
(3) The original text of the 2021 Semi-Annual report signed by the chairman of the Board of Directors.
(4) The place where the above documents are maintained: the office of the Company’s Board of Directors.
Definitions
Term Description
Reporting period January 1, 2021 to June 30, 2021
The same period of January 1, 2020 to June 30, 2020
previous year
The Company, The listed S.F. Holding Co., Ltd.
Company, SF Holding, SF
RMB Renminbi yuan
Mingde Holding Shenzhen Mingde Holding Development Co., Ltd., the controlling shareholder of S.F.
Holding Co., Ltd.
Taisen Holding Shenzhen S.F. Taisen Holding (Group) Co., Ltd., a wholly-owned subsidiary of S.F.
Holding Co., Ltd.
Hive Box Technology Shenzhen Hive Box Technology Co., Ltd., a commonly controlled entity of S.F.
Holding Co., Ltd.
SF Intra-city, Intra-city Hangzhou SF Intra-city Industrial Co., Ltd. is a subsidiary of S.F. Holdings Co., Ltd.
Industrial
CSRC China Securities Regulatory Commission
HK Stock Exchange The Stock Exchange of Hong Kong Limited
HK SFC The Securities and Futures Commission of Hong Kong
Kerry Logistics Network Limited,a company listed on the Main Board of The Stock
Kerry Logistics Exchange of Hong Kong Limite. Stock abbreviation: Kerry Logistics; Stock code:
00636.HK
SF Real Estate Investment Trust,a joint venture of S.F. Holding Co., Ltd. The SF REIT
SF REIT has been listed on the Main Board of the HK Stock Exchange since May 17, 2021,
with the stock code of “2191.HK” and the stock abbreviation of “SF REIT”.
Chapter 2 Company Profile and Key Financial Indicators
I. Company Profile
StockAbbreviation SF Holding Stock Code 002352
Listed Stock Exchange Shenzhen Stock Exchange
Chinese Name of the Company 顺丰控股股份有限公司
Chinese Name Abbreviation of the Company 顺丰控股
English Name of the Company S.F. Holding Co., Ltd.
English Name Abbreviation of the Company SF Holding
Legal Representative of the Company Wang Wei
II. Contacts and Contact Methods
Board Secretary SecuritiesAffairs Representative
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