Core Viewpoint - SF Holding (06936) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Summary by Categories Company Actions - The company plans to repurchase 650,000 A-shares at a total cost of 22.2968 million RMB [1] - The buyback price per share ranges from 39.71 to 39.96 RMB [1] Financial Implications - The total expenditure for the buyback represents a strategic investment in the company's own equity, potentially enhancing shareholder value [1]

Group 1 - The company, SF Holding (06936.HK), announced a share buyback plan, intending to repurchase 650,000 A-shares at a total cost of RMB 22.2968 million [1] - The buyback price per share is set between RMB 39.71 and RMB 39.96 [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 順豐控股股份有限公司（於中華人民共和國註冊成立的股份有限公司） | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 A | | 於香港聯交所上市 | 否 | | | | 證券代號 (如上市) | 002352 | 說明 | A股（於深圳交易所上市） | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2025年9月26日 | 4,793,491,034 | | ...

格隆汇9月26日丨顺丰控股(06936.HK)发布公告，2025年9月26日耗资人民币4002.97万元回购100.5万股 A股，回购价格每股39.66-40.03元。 ...

智通财经APP讯，顺丰控股(06936)发布公告，于2025年9月26日该公司斥资人民币4002.97万元回购100.5 万股A股，回购价格为每股人民币39.66-40.03元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 順豐控股股份有限公司（於中華人民共和國註冊成立的股份有限公司） 呈交日期： 2025年9月26日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 A | | | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) | 002352 | 說明 | A股（於深圳交易所上市） | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | ...

智通财经APP讯，顺丰控股(06936)发布公告，该公司于2025年9月25日斥资3488.76万元人民币回购87万 股A股，每股回购价格为40.03-40.22元人民币。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 順豐控股股份有限公司（於中華人民共和國註冊成立的股份有限公司） 呈交日期： 2025年9月25日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 A | | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) | 002352 | 說明 | A股（於深圳交易所上市） | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | 每股發行/出售價 (註4) | 已發行股份 ...

Summary of S.F. Holding (002352.SZ) Conference Call Company Overview - **Company**: S.F. Holding (002352.SZ) - **Industry**: Logistics and Express Delivery Key Points Operating Performance - **August Operating Revenue**: Increased by 7.9% year-over-year (YoY) [1] - **Express Revenue Growth**: 14% YoY growth, driven by a 35% YoY increase in parcel volume [1] - **Supply Chain & International Revenue**: Decreased by 7.6% YoY, impacted by declining freight rates [1] - **Average Selling Price (ASP)**: Dropped by 15% YoY, indicating aggressive pricing strategies in the economy express segment [1] Volume and Pricing Dynamics - **Parcel Volume**: Increased to 1,406 million in August, reflecting a 35% YoY growth [3] - **ASP Decline**: Average unit price fell to Rmb13.3, a 15% YoY decrease [3] Future Outlook - **3Q25E Earnings Growth**: Expected to face pressure due to increased investments and tough comparisons, but improvement is anticipated in 4Q25E [1] - **ASP Recovery**: Anticipated optimization of economy express services may lead to some recovery in ASP [1] Investment Recommendation - **Target Price**: Rmb59, representing a potential upside of 43.6% from the current price of Rmb41.08 [2] - **Expected Total Return**: 45.1%, including a 1.5% dividend yield [2] - **Rating**: Maintain "Buy" due to S.F. Holding's leading position in the premium express sector and international expansion prospects [1] Risks - **Market Growth Rebound**: Risks associated with an exceptionally strong or weak market rebound [9] - **Revenue Growth Variability**: Uncertainty in revenue growth from new business lines such as Freight and Cold Chain [9] - **Competitive Landscape**: Potential changes in market competition and pricing strategies could impact performance [9] - **Cost Control**: Better or worse-than-expected cost management could affect profitability [9] Additional Insights - **Investment Strategy**: The valuation is based on a sum-of-the-parts (SOTP) method, assigning a 14x P/E to the express business and a 0.6x P/S to new business lines [8] - **Market Capitalization**: Approximately Rmb197.16 billion (US$27.71 billion) [2] This summary encapsulates the essential insights from the conference call regarding S.F. Holding's performance, outlook, and investment potential, highlighting both opportunities and risks in the logistics sector.

智通财经APP讯，顺丰控股(06936)公布，2025年9月24日耗资约3441.18万元回购85.5万股A股股份。 ...