Core Viewpoint - SF Holding (顺丰控股) reported a revenue of 284.42 billion RMB in 2024, marking a year-on-year growth of 10.07%, and a net profit of 10.17 billion RMB, up 23.51% from the previous year [2][3] Financial Performance - The company plans to distribute a cash dividend of 4.4 RMB per 10 shares for the 2024 fiscal year, with the distribution expected to be completed within two months after the annual shareholders' meeting [2] - SF Holding's total market capitalization is approximately 210.98 billion RMB, with a stock price increase of about 10% from 38.40 RMB in January 2024 to 42.30 RMB in April 2025 [3] International Business and Losses - In 2024, overseas revenue accounted for 11.31% of total income, with significant losses reported in the international and supply chain segments, totaling approximately 1.32 billion RMB [3] - The supply chain and international division has experienced consecutive losses, with a loss of 535 million RMB in 2023 and an increased loss of 1.32 billion RMB in 2024, attributed to restructuring and business adjustments [3] Share Buyback and Market Strategy - The company has repurchased shares worth 4.86 billion RMB from 2022 to April 2025, with an additional 860 million RMB in the second phase of the buyback plan initiated in 2024 [4] - SF Holding emphasizes its competitive edge through differentiated service capabilities and plans to enhance service competitiveness and operational efficiency through technology innovation and customized solutions [5] Market Performance and Valuation - The company faces a 20% discount in its H-shares compared to A-shares, a common phenomenon among A+H listed companies influenced by various market factors [5]