After SF’s chairman Wang Wei apologized for the company’s losses, SF Holdings seemed to be turbulent.
On the evening of April 22, SF Holdings announced that in the first quarter of 2021, the company achieved revenue of 42.62 billion yuan, a year-on-year increase of 27.07%; a net profit loss of 989 million yuan, a profit of 907 million yuan in the same period last year, a year-on-year decrease of 209%. At the same time, SF Holdings stated that the board of directors has recently received a job transfer notice from Wu Weiting, the chief financial officer. Due to personal reasons, Wu Weiting has applied for resignation from the positions of member of the audit committee, chief financial officer and deputy general manager of the company’s board of directors from April 24, 2021.
SF Express said that before the company’s board of directors appoints a new financial officer, director Chen Fei temporarily assumed the duties of the company’s financial officer.
Earlier, at the 2020 annual general meeting of shareholders held by SF Holdings, SF’s chairman and general manager Wang Wei apologized to investors for the loss of the stock price and frankly had negligence in management. Similar problems will not occur a second time. As of the close of April 22, SF Holdings reported 63.18 yuan per share, with a market value of 287.876 billion yuan. The stock price fell nearly half from the February 18 high, and the market value had evaporated by more than 270 billion yuan.
In this regard, netizens said: What is the financial matter? Finance is too difficult.
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