Futu News, November 30, this Tuesday $SF INTRA-CITY (09699.HK)$ The announcement was announced that the shares will be offered from November 30 to December 7. The company plans to issue approximately 131 million shares, including a public sale of about 13.12 million shares and an international sale of approximately 118 million shares, with an issue price of HK$16.42-17.96 per share, and 200 shares per lot. It is expected to be listed on December 14.
SF Express Tongcheng was initially a division of SF Holdings Group. Since 2019, it has achieved independent and corporate operation. The company uses a full-scenario business model to cover all distribution scenarios for various products and services. The company's services cover a wide range of scenarios, from mature scenarios (such as food and beverage takeout) to incremental scenarios (such as retail in the same city, near-field e-commerce and near-field services).
According to iResearch's report, the company has rapidly grown into the largest third-party real-time delivery service platform in China. In the three months ended March 31, 2021, its market share reached 11.1% in terms of order volume.
In terms of financial data, the company's total revenue from FY2018 to FY2020 was RMB 993 million, RMB 2.07 billion and RMB 4.843 billion respectively, with a compound annual growth rate of 120.8%; net losses of RMB 328 million, RMB 470 million and RMB 758 million were recorded during the same period. In the first five months of 2021, the company recorded total revenue of 3,046 billion yuan, an increase of about 113% over the previous year, and a net loss of 353 million yuan...