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SF City: In the past 30 days, a total of 970,000 shares have been repurchased, with a market value of HK $9.6 billion

The main target groups of the express ecosystem: (investors, private equity funds, brokerage institutions, local government decision-makers, express regulatory departments, express delivery operators, media practitioners, express upstream and downstream operators, franchise network owners, express logistics practitioners with an annual salary of more than 300,000 yuan)

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| Express Ecosystem Investment Group

SF City: In the past 30 days, a total of 970,000 shares have been repurchased, with a market value of HK $9.6 billion

SF City (09699.HK) announced that on April 12, 2024, the company spent HK$1,023,900 to repurchase 100,000 shares, at a price of HK$10.1-10.3 per share. In the past 30 days, a total of 973,400 shares have been repurchased, with a cumulative repurchase amount of HK $9.9 million. The company's latest market capitalization is 9.6 billion Hong Kong dollars (about 8.8 billion yuan).

SF City: In the past 30 days, a total of 970,000 shares have been repurchased, with a market value of HK $9.6 billion
SF City: In the past 30 days, a total of 970,000 shares have been repurchased, with a market value of HK $9.6 billion

On April 11, 2024, 98,200 shares were repurchased through centralized auction transactions, with a repurchase amount of HK$1,007,600, with the lowest transaction price of HK$10.04 and the highest transaction price of HK$10.34.

According to the 2023 annual performance data of SF City, the revenue in 2023 will be 12.39 billion yuan, a year-on-year increase of 21%, and the net profit attributable to the parent company will be 50.595 million yuan, turning losses into profits year-on-year. Among them, the revenue in the second half of 2023 will be 6.64 billion yuan, a year-on-year increase of 15%, and the net profit attributable to the parent company will be 20.28 million yuan, turning losses into profits year-on-year. Soochow Securities said that the company achieved a full-year turnaround for the first time, and the performance was better than expected.

BOCOM International said that the company will continue to deepen cooperation with KA customers, including chain restaurants, tea drinks and other non-meal brands, and improve KA customer stickiness through customized and high-quality services. At the same time, it is still a strategic partner with Douyin, and Douyin's active layout in instant retail can also help the company continue to expand KA coverage. The long-term demand for multi-platform instant delivery will also be conducive to the continuous increase in the penetration of third-party instant delivery services. The cooperation between the company and SF Express continues to deepen, and the management believes that there is still room for doubling the penetration rate of SF Express. The subsidy efficiency and rider delivery efficiency with the support of technology continue to be optimized, and the management expects the revenue growth rate in 2024 to be better than that in 2023, and believes that the expense ratio to revenue ratio will be reduced to 5% in the next three years.

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Recently, the stock market continues to fluctuate, some criminals illegally make profits, harming the legitimate rights and interests of investors, I will increase the supervision of trading behavior, enrich the means of clue screening, make overall arrangements for special verification, strengthen the "penetrating" transaction monitoring, use multi-dimensional technical means to collect market intelligence, and carry out joint research and judgment with the Ministry of Public Security, and find a number of cases suspected of manipulating the market and malicious shorting.

An illegal gang controlled more than 100 securities accounts to manipulate a certain stock, used continuous pulling, reverse trading and other methods to affect the stock price, and then waited for the opportunity to clear the stock and smash the shipment, resulting in a flash crash and continuous decline in the price of individual stocks, with a total of 2.7 billion yuan sold and an illegal profit of about 130 million yuan.

The actual controller of an investment institution manipulated the prices of more than 20 stocks by suppressing stock prices, absorbing chips at a low level, and continuously pulling up, resulting in rapid fluctuations in the prices of individual stocks, and even extreme markets such as "sky flooring" within a day, from which the transaction illegally profited 140 million yuan.

A certain lawbreaker took advantage of his capital advantage and used hundreds of millions of yuan to frequently make false declarations for many futures products on the futures exchange, creating a false impression of trading, deceiving other investors, and taking the opportunity to sell them for a profit of more than 4,000 yuan.

The China Securities Regulatory Commission (CSRC) insists on responding quickly and resolutely investigating and dealing with illegal acts that affect the stable operation of the stock market and harm the legitimate rights and interests of investors.

Manipulating the market to maliciously short-sell, seriously eroding the people's "money bags", has stood on the opposite side of all stockholders, disrupting the normal rhythm of the healthy and stable operation of the stock market. The China Securities Regulatory Commission will maintain a high-pressure posture of "zero tolerance", resolutely crack down, and let those who dare to illegally manipulate and maliciously short sellers "go bankrupt and sit in prison". In this warning, don't defy the law and take the chestnut from the fire.

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The main target groups of the express ecosystem: (investors, private equity funds, brokerage institutions, local government decision-makers, express supervision departments, express logistics operators, media practitioners, express logistics upstream and downstream operators, franchise network owners, express logistics practitioners with an annual salary of more than 300,000 yuan.

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