Logistics giant S.F. Express surprisingly warns about Q1 losses
S.F. Express had earned a net profit of CNY 907 million in Q1 last year and has now announced that they expect a net loss in Q1 between CNY 900 million to 1.1 billion. Reasons for this enormous loss are mainly expansion and growth requirements that have now been moved to the current year due to last year's pandemic and the intense competition for orders, which currently result in a price war. The news has caused a 10% drop in their share price.
This briefing is contributed by and first appeared on CIMK.
Source: CIMK
Briefing Jun 20, 2022 10:54 AM
· Industrials
The 2022 global cross-border e-commerce Festival kicked off ceremoniously. Chenhai group made an appearance with its brands and successfully held the brand going to sea compliance Forum
Briefing Jun 16, 2022 08:36 AM
· Industrials
Ding Yun, President of Huawei enterprise BG: adhere to the principle of "doing something, not doing something" and grow together with partners
In-depth
Industrials, Financials, Technology
The Melancholic Saga of Xiaomi in India
In January 2024, Xiaomi unveiled the Redmi Note 13 5G series in India, achieving an outstanding sales feat of nearly CNY 900 million within a mere two days. Expressing gratitude on Twitter, Xiaomi India thanked its consumers, hailing the series as "super smartphones that redefine excellence." The commitment echoed the promise to persist in delivering innovation and premium products to the Indian market.
Jan 24, 2024 01:20 AM
Briefing Feb 24, 2022 02:15 PM
· Industrials
"Maiwei robot" announced that it had received a round of A2 financing of more than 100 million yuan. This round of financing was led by Chuangshi partner capital CCV, which became capital and served as a long-term exclusive financial adviser
Briefing Feb 23, 2022 09:57 AM
· Industrials
Focusing on the construction of enterprise API safety management system, "Yong'an online" won the exclusive investment of tens of millions of yuan from Jinshajiang venture capital
Dec 19, 2020 07:42 AM
Research
Technology, Real Estate, Consumer DiscretionaryTech for Global, Globalization Footprints of the Established and the New
May 29, 2020 08:30 PM
Research
Real Estate, Consumer Staples, IndustrialsLow-Carbon Industry Expansion - Key Studies From Chinese Companies
May 28, 2020 12:40 PM
Apr 19, 2020 03:12 PM
Briefing Jan 24, 2022 09:20 AM
· Industrials
Qianxun technology, an intelligent inspection robot company, completed a round of pre-A financing of tens of millions of yuan
Briefing Jan 04, 2022 09:45 AM
· Industrials
Sphereex completed nearly ten million dollars of pre-A round of financing, led by Jiayu capital, followed by Sequoia China seed fund, index venture capital and initial capital
Briefing Dec 20, 2021 09:05 AM
· Industrials
Zhihe technology, an Internet of things service provider in the construction industry, completed round a + and round B financing of more than 100 million yuan
Briefing Dec 16, 2021 09:19 AM
· Industrials
The cold chain technology ecological platform "Qianhai Guangdong 10" won a round of financing of RMB 390 million, including investment in Entrepreneurship workshop and illuma capital, and extreme capital acted as the exclusive financial adviser for this round
Briefing Dec 12, 2021 01:00 PM
· Industrials
Focusing on compliance issues, the third fiscal and taxation technology industry summit opened in Shenzhen
Briefing Nov 26, 2021 01:47 PM
· Industrials
How to catch the express train of "flow version signing" for the digitization of official documents of government and enterprise units?
Industrials
Jiangsu Welcomes Its First All-Cargo Freight Route to Mexico
EqualOcean has learned that on April 16, 2024, an aircraft loaded with 54.6 tons of cross-border e-commerce goods took off from Wuxi City(无锡), Jiangsu Province(江苏), in eastern China, bound for Mexico City, marking the inauguration of the first direct cargo flight route between Jiangsu and Latin America.
Apr 17, 2024 06:21 PM
Briefing Nov 11, 2021 11:52 AM
· Industrials
The first "intelligent mobile warehouse" of Jingdong industrial products was put into use in Sichuan Jiaotong road bridge Han Ba Nan high speed railway
Briefing Oct 25, 2021 10:07 AM
· Industrials
Authing, the identity cloud platform, completed round a financing of US $23 million
Briefing Oct 22, 2021 11:01 AM
· Industrials
Qiancheng's capital management scale reached 1.95 billion, focusing on the layout of Industrial Science and technology
Briefing Oct 20, 2021 09:52 AM
· Industrials
West Lake future smart manufacturing won Sequoia China's leading investment of hundreds of millions of yuan in pre-A round of financing to build a mass production level precision additive manufacturing platform
See more
Read next
Insight
In-depth
Consumer Staples · Analysis
Chinese Cuisine Brand YGF Malatang Ventures into Brazil
Apr 23, 2024 02:21 PM