S.F. Holding Co., Ltd.
2023 Interim Report
August 2023
Chapter 1 Important Information, Table of Content and Definition
The Company's Board of Directors, Supervisory Committee, directors, supervisors, and senior
management hereby guarantee that the contents of the Interim 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 legal representative, Ho Chit, Chief Financial Officer (financial head), and Hu
Xiaofei, the accounting director, hereby declare and warrant that the financial report contained herein is true,
accurate, and complete.
All directors have attended the Board meeting at which the Interim Report was considered.
In this Interim Report, the Company details the risk factors and countermeasures that may occur in the
future. For more information, refer to "Risk and Responses" in "Section X. Risks Faced by the Company and
Countermeasures" of "Chapter 3. Management Discussion and Analysis". Investors shall refer to this
information.
The Company is required to comply with the disclosure requirements of "Express Service Industry" in the
"Self-regulatory Guidelines No. 3 – Disclosure of Industry Information for Listed Companies on the Shenzhen
Stock Exchange".
The Company intends to pay no cash dividend, no bonus shares and no conversion of equity reserve into
share capital.
Table of Contents
Chapter 1 Important Information, Table of Content and Definition......4
Chapter 2 Company Profile and Key Financial Indicators...... 8
Chapter 3 Management Discussion andAnalysis......16
Chapter 4 Corporate Governance...... 77
Chapter 5 Environment and Social Responsibilities......79
Chapter 6 Significant Events...... 82
Chapter 7 Share Changes and Shareholder Details......96
Chapter 8 Preferred Shares...... 102
Chapter 9 Bonds......103
Chapter 10 Financial Statements......104
List of DocumentsAvailable for Inspection
(I) Financial statements signed and sealed by the legal representative, Chief Financial Officer (financial head) and the accounting
director of the Company.
(II) 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.
(III) The original text of the 2023 Interim Report signed by the chairman of the Board of Directors.
(IV) The place where the above documents are maintained: the office of the Company's Board of Directors.
Definitions
Term Description
Reporting period 1 January 2023 to 30 June 2023
The same period of 1 January 2022 to 30 June 2022
previous year
The Company, the listed S.F. Holding Co., Ltd.
Company, SF Holding, SF
RMB Renminbi
Taisen Holding Shenzhen S.F. Taisen Holding (Group) Co., Ltd., a wholly-owned subsidiary of
S.F. Holding Co., Ltd..
Mingde Holding Shenzhen Mingde Holding Development Co., Ltd., the controlling shareholder of
S.F. Holding Co., Ltd..
Kerry Logistics Network Limited, a company listed on the Main Board of the
Kerry Logistics Stock Exchange of Hong Kong Limited (00636.HK), and a holding subsidiary of
S.F. Holding Co., Ltd..
SF Intra-city, Intra-city Hangzhou SF Intra-city Industrial Co., Ltd., a company listed on the Main Board
Industrial of the Stock Exchange of Hong Kong Limited (09699.HK) and a holding
subsidiary of S.F. Holding Co., Ltd..
SF REIT SF Real Estate Investment Trust, listed on the Main Board of the Stock Exchange
of Hong Kong Limited (02191.HK), and an associate of S.F. Holding Co., Ltd..
CSRC China Securities Regulatory Commission
SZSE Shenzhen Stock Exchange
HK Stock Exchange The Stock Exchange of Hong Kong Limited
Chapter 2 Company Profile and Key Financial Indicators
I. Company Information
Company Profile
StockAbbreviation SF Holding Stock Code 002352
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
(If Any)
English Name of the Company (If Any) S.F. Holding Co., Ltd.
English Name Abbreviation of the SF Holding
Company (If Any)
Legal Representative of the Company Wang Wei
Contacts and Contact Methods
Board Secretary SecuritiesAffairs Representative
Name Ling Gan Jing Zeng
Block B, TK Chuangzhi Tiandi Buildi