TigerResearch/tigerbot-earning-plugin huggingface dataset:
Name of domestic accountant firm| PricewaterhouseCoopers Zhong Tian LLP
 Remuneration for domestic accountant firm (RMB’000)|20,830
 Consecutive years of audit services provided by the domestic accountant firm|7 years
 Names of the certified public accountants from accountant firm| Chen Anqiang, Liu Jingping
 Consecutive years of audit services provided by the certified public accountants of domestic accountant firm|5 years
The accountant firm changed or not during the Reporting Period□Yes √No
Status of auditor of internal controls, financial adviser, or sponsor engaged:√Applicable □Not applicable
The Company engaged PricewaterhouseCoopers Zhong Tian LLP as the Company’s internal control auditor for 2022. The remuneration for internal control audit during the Reporting Period was included in the remuneration specified in the table above.
IX. Possibility of Delisting after Disclosure of this Annual Report
X. Bankruptcy and Reorganization
XI. Significant Lawsuit or Arbitration
As of December 31, 2022, legal proceedings of the listed company and its subsidiaries were as follows:
1. The total amount involved in legal cases resolved during the Reporting Period was RMB595.813 million.
2. Cases not yet resolved during the Reporting Period include: Cases involving the Company and its subsidiaries as defendants amounted to RMB486,901,000, accounting for 0.56% of audited net assets attributable to shareholders of the listed company at the end of 2022. The above-mentioned litigation matters mainly related to a number of independent transportation contract cases and traffic accident cases with small amounts involved. The Company and its subsidiaries have already purchased commercial insurance for operating vehicles, transportation and other business activities. Based on the historical experience, the insurance purchased can essentially cover the losses caused by the case. Cases involving the Company and its subsidiaries as plaintiffs amounted to RMB251,601,000, accounting for 0.29% of audited net assets attributable to shareholders of the listed company at the end of 2022. Such legal proceedings will not have a material adverse effect on the Company’s financial status and ability to continue operations.
XII. Punishment and Rectification
There was no such situation during the Reporting Period.
X I I I .  In teg r i ty  o f  the  Company ,  I ts  Con t ro l l ing Shareholders, and Actual Controller
XIV. Significant Related-party Transactions
1. Related-party transactions relevant to routine operations√Applicable □Not applicable
Related Party| Relationship| Type of related-party transaction| Details of related- party transaction| Pricing principle of the related-party transaction| Related- party transaction price| Transaction amount(RMB’000)| Proportion of same category of transactions| Approved transaction quota(RMB’000)| Approved quota exceeded or not| Related-party transaction settlement method| Market price of similar transactions available| Disclosure date| Disclosure index|
 Mingde Holding and its subsidiaries| Controlling shareholder of the Company| Provide services to related parties| Courier service, communication service, technology services, agent services, etc.| Fair pricing based on market prices following the principle of independent transactions.| Contract price|101,785|0.04%|280,000| No| Settlement based on the settlement period and terms in the contract| N/A| January 27,2022| Announcement on the“Proposal on Estimated Routine Related-party Transaction|
||||||||||||| Amount in 2022”|released by
|||||||||||||the company on the Cninfo website (www.cninfo.com.cn)|
 Mingde Holding and its subsidiaries| Controlling shareholder of the Company| Receive services from related parties| Technology services, agent services, etc.| Fair pricing based on market prices following the principle of independent transactions.| Contract price|428,204|0.18%|500,000| No| Settlement based on the settlement period and terms in the contract| N/A| January 27,2022| Announcement on the“Proposal on Estimated Routine Related-party Transaction|
||||||||||||| Amount in 2022”|released by
|||||||||||||the company on the Cninfo website (www.cninfo.com.cn)|
Mingde Holding and its subsidiaries| Controlling shareholder of the Company| Purchase of goods/ equipment from related parties| Purchase of goods/equipment| Fair pricing based on market prices following the principle of independent transactions.| Contract price|255,349|0.11%|330,000| No| Settlement based on the settlement period and terms in the contract| N/A| January 27,2022| Announcement on the“Proposal on Estimated Routine Related-party Transaction|
||||||||||||| Amount in 2022”|released by
|||||||||||||the company on the Cninfo website (www.cninfo.com.cn)|
 Other companies controlled by the actual controller of the Company| Other companies controlled by the actual controller of the Company other than“Mingde Holding and its subsidiaries”| Receive services from related parties| Agent Services, advertisement services, etc.| Fair pricing based on market prices following the principle of independent transactions.| Contract price|158,518|0.07%|250,000| No| Settlement based on the settlement period and terms in the contract| N/A| January 27,2022| Announcement on the“Proposal on Estimated Routine Related-party Transaction Amount in 2022”released by the company on the Cninfo website (www.cninfo.com.cn)|
 CR-SF International Express Co., Ltd.| A senior manager of the Company serves as a director of CR-SF International Express Co.,| Provide services to related parties| Transportation services, etc.| Fair pricing based on market prices following the principle of independent transactions.| Contract price|7,189|0.00%|100,000| No| Settlement based on the settlement period and terms in the contract| N/A| January 27,2022| Announcement on the“Proposal on Estimated Routine Related-party Transaction|
||||||||||||| Amount in 2022”|released by
|||||||||||||the company on the Cninfo website (www.cninfo.com.cn)|
Related Party| Relationship| Type of related-party transaction| Details of related- party transaction| Pricing principle of the related-party transaction| Related- party transaction price| Transaction amount(RMB’000)| Proportion of same category of transactions| Approved transaction quota(RMB’000)| Approved quota exceeded or not|| Related-party transaction settlement method| Market price of similar transactions available| Disclosure date| Disclosure index|
 CR-SF International Express Co., Ltd.| A senior manager of the Company serves as a director of CR-SF International Express Co., Ltd.| Receive services from related parties| Transportation services, etc.| Fair pricing based on market prices following the principle of independent transactions.| Contract price|531,495|0.23%|900,000| No|| Settlement based on the settlement period and terms in the contract| N/A| January 27,2022| Announcement on the“Proposal on Estimated Routine Related-party Transaction|
|||||||||||||| Amount in 2022”|released by
||||||||||||||the company on the Cninfo website (www.cninfo.com.cn)|
 M China Management Limited and its subsidiaries and its franchisees| A director of the Company serves as a director of the parent company of M China Management Limited| Provide services to related parties| Supply chain service and distribution service, etc.| Fair pricing based on market prices following the principle of independent transactions.| Contract price|1,718,005|0.64%|2,100,000| No|| Settlement based on the settlement period and terms in the contract| N/A| January 27,2022| Announcement on the“Proposal on Estimated Routine Related-party Transaction|
|||||||||||||| Amount in 2022”|released by
||||||||||||||the company on the Cninfo website (www.cninfo.com.cn)|
Total||||–|–|3,200,545|–|4,460,000||–|–|–|–|–|
 Details of large amount of sales returns| N/A||||||||||||||
 Actual performance in the Reporting Period versus predicted total amount of routine related-party transactions, by types (if any)| The Company’s twenty-first meeting of the fifth Board of Directors held on January 26, 2022 and the eighteenth meeting of the fifth Supervisory Committee and the First Extraordinary General Meeting of Shareholders of 2022||||||||||||||
|on February 11, 2022, respectively, reviewed and approved the “Proposal on Estimated Routine Related-party Transaction Amount in 2022.”||||||||| The amount incurred by aforementioned related-party transactions is within the|||||
|estimated range.||||||||||||||
 Reason for significant discrepancy between the transaction price and the market price| N/A||||||||||||||
(if applicable)
2. Related-party transactions relevant to purchases and sales of assets or equities
3. Related-party transactions with joint investments
There was no related-party transaction with joint investment of the Company during the Reporting Period.
4. Credits and liabilities with related parties
There were no credits and liabilities with related parties of the Company during the Reporting Period.
5. Transactions between the Company and financial companies that have associated relationship
6. Transactions between financial companies controlled by the Company and related parties
7. Other significant related-party transactions
Based on long-term business development strategy, the Company aimed to further enhance the circulation of capital and to optimize the asset and liability structure. For this purpose, a subsidiary of the Company entered into a sale and purchase agreement with a subsidiary of SF REIT in relation to the transfer of Changsha Jietai E-Commerce Industrial Park to SF REIT. The subject of this transaction is the 100% equity interest of Changsha Industrial Park Limited, a subsidiary of the Company, and certain amounts payable. The total amount of this transaction is approximately RMB493.2 million.
As the buyer of this transaction is a subsidiary of SF REIT, and as Wang Wei and Ho Chit, directors of the Company, hold directorships in REIT Manager, this transaction constitutes a related-party transaction according to the Rules Governing Listing of Shares on Shenzhen Stock Exchange and other relevant regulations.
On June 2, 2022, the Company held the 26th meeting of the fifth session of Board of Directors and the 22nd meeting of the fifth session of Supervisory Committee, at which the Proposal on the Disposal of Assets and Related-party Transactions was reviewed and approved, with related directors abstaining from voting thereon.
During the Reporting Period, closing of the transaction was completed and the total adjusted final transaction amount was approximately RMB502.3 million.
Relevant queries on the disclosure website of the report of major connected transactions
Announcement| Date of disclosure| Website for disclosure
 Announcement on Sale of Assets and Related-party Transactions|2022/06/06|www.cninfo.com.cn
| The Company and its subsidiaries’||guarantees to external parties (Guarantees to subsidiaries are not included)|||||||
 Guarantee party| Disclosure date of related announcement of guarantee quota| Guaranteed quota| Exact date of occurrence| Actual guarantee amount| Type of guarantee| Collateral (if any)| Counter guarantee(if any)| Period of guarantee| Fulfilled or not|
 Hubei International Logistics Airport Co., Ltd.|2020/03/24|3,500,000|2021/02/25|46,000| Joint and several liability guarantee| Nil| Nil|2021/12/03-2055/04/29| No| No
 Hubei International Logistics Airport Co., Ltd.|2020/03/24|3,500,000|2021/02/25|276,000| Joint and several liability guarantee| Nil| Nil|2022/01/01-2055/04/29| No| No
 Hubei International Logistics Airport Co., Ltd.|2020/03/24|3,500,000|2021/02/25|23,000| Joint and several liability guarantee| Nil| Nil|2022/01/04-2055/04/29| No| No
 Hubei International Logistics Airport Co., Ltd.*|2020/03/24|3,500,000|2021/02/25|69,000| Joint and several liability guarantee| Nil| Nil|2022/01/05-2055/04/29| No| No
 Hubei International Logistics Airport Co., Ltd.|2020/03/24|3,500,000|2021/02/25|46,000| Joint and several liability guarantee| Nil| Nil|2022/05/27-2055/04/29| No| No
Hubei International Logistics Airport Co., Ltd.|2020/03/24|3,500,000|2021/02/25|69,000| Joint and several liability guarantee| Nil| Nil|2022/05/30-2055/04/29| No| No
 Hubei International Logistics Airport Co., Ltd.|2020/03/24|3,500,000|2021/02/25|23,000| Joint and several liability guarantee| Nil| Nil|2022/05/31-2055/04/29| No| No
 Compañía Auxiliar al Cargo Expres, S.A.| NA|41,695|2020/12/29|41,695| Joint and several liability guarantee| Nil| Nil|2020/12/29-2022/12/29| Yes| No
 Total guarantee quota approved for external parties during the reporting period (A1)|||200,000| Total actual amount of guarantees for external parties during the Reporting Period (A2)||||||506,000
 Total guarantee quota approved for external parties at the end of the Reporting Period (A3)|||3,479,554| Total actual guarantee balance for external parties at the end of the||||||895,374
XV. Significant Contracts and Their Execution
1. Trusteeships, Contracts, and Leases
(1) Trusteeships
(2) Contracts
(3) Leases
2. Significant guarantees
| The Company and its subsidiaries’||guarantees to external parties (Guarantees to subsidiaries are not included)||||||
 Guarantee party  Exact date of occurrence| Disclosure date of related announcement of guarantee quota| Guaranteed quota| Actual guarantee amount| Type of guarantee| Collateral (if any)| Counter guarantee(if any)| Period of guarantee| Fulfilled or not| Guarantee for a related party or not
 DHL Weiheng (Zhuhai) Supply Chain Management Co., Ltd. 2020/12/31|2020/03/24|147,000|113,374| Joint and several liability guarantee| Zhuhai project land| Yes|2021/01/15-2030/12/23| No| No
 DHL Weiheng (Zhuhai) Supply Chain Management Co., Ltd. 2020/12/31|2020/03/24|147,000|4,929| Joint and several liability guarantee| Zhuhai project land| Yes|2021/01/15-2022/06/23| Yes| No
 DHL Weiheng (Zhuhai) Supply Chain Management Co., Ltd. 2020/12/31|2020/03/24|147,000|4,929| Joint and several liability guarantee| Zhuhai project land| Yes|2021/01/15-2022/12/23| Yes| No
 Hubei International Logistics Airport Co., Ltd.* 2021/02/25|2020/03/24|3,500,000|25,300| Joint and several liability guarantee| Nil| Nil|2021/09/29-2055/04/29| No| No
 Hubei International Logistics Airport Co., Ltd.* 2021/02/25|2020/03/24|3,500,000|50,600| Joint and several liability guarantee| Nil| Nil|2021/11/30-2055/04/29| No| No
 Hubei International Logistics Airport Co., Ltd. 2021/02/25|2020/03/24|3,500,000|20,700| Joint and several liability guarantee| Nil| Nil|2021/10/08-2055/04/29| No| No
 Hubei International Logistics Airport Co., Ltd.* 2021/02/25|2020/03/24|3,500,000|96,600| Joint and several liability guarantee| Nil| Nil|2021/11/29-2055/04/29| No| No
 Hubei International Logistics Airport Co., Ltd.* 2021/02/25|2020/03/24|3,500,000|36,800| Joint and several liability guarantee| Nil| Nil|2021/12/01-2055/04/29| No| No
Guarantee for a related party or not
Reporting Period (A4)
||| The Company’s guarantees to subsidiaries|||||||
 Guarantee party| Disclosure date of related announcement of guarantee quota| Guarantee quota| Exact date of occurrence| Actual guarantee amount| Type of guarantee| Collateral (if any)| Counter guarantee (if any)| Period of guarantee| Fulfilled or not|
 SF HOLDING INVESTMENT LIMITED|2017/12/28|3,489,350|2018/07/26|3,489,350| Joint and several liability guarantee| Nil| Nil|2018/07/26-2023/07/26| No| No
 SF HOLDING INVESTMENT LIMITED|2019/01/04|6,000,000|2020/02/20|4,885,090| Joint and several liability guarantee| Nil| Nil|2020/02/20-2030/02/20| No| No
 SF HOLDING LIMITED|2021/02/10|21,486,840|2021/02/09|5,282,182| Joint and several liability guarantee| Nil| Nil|2021/09/23-2022/03/28| Yes| No
 SF HOLDING LIMITED|2021/02/10|21,486,840|2021/02/09|2,148,684| Joint and several liability guarantee| Nil| Nil|2021/09/23-2022/01/28| Yes| No
 SF Holding Investment 2021 Limited|2021/02/10|18,000,000|2021/11/17|2,791,480| Joint and several liability guarantee| Nil| Nil|2021/11/17-2026/11/17| No| No
SF Holding Investment 2021 Limited|2021/02/10|18,000,000|2021/11/17|2,093,610| Joint and several liability guarantee| Nil| Nil|2021/11/17-2028/11/17| No| No
 SF Holding Investment 2021 Limited|2021/02/10|18,000,000|2021/11/17|447,643| Joint and several liability guarantee| Nil| Nil|2021/11/17-2031/11/17| No| No
 SF Holding Investment 2021 Limited|2021/02/10|18,000,000|2022/01/18|2,791,480| Joint and several liability guarantee| Nil| Nil|2022/01/18-2026/11/17| No| No
 SF Holding Investment 2021 Limited|2021/02/10|18,000,000|2022/01/18|2,093,610| Joint and several liability guarantee| Nil| Nil|2022/01/18-2031/11/17| No| No
 Total guarantee quota approved for subsidiaries during the Reporting Period (B1)|||5,066,000| Total actual amount of guarantees for subsidiaries during the Reporting Period (B2)||||||
 Total guarantee quota approved for the subsidiaries at the end of the reporting period(B3)|||23,658,263| Total actual guarantee balance for subsidiaries at the end of the Reporting Period (B4)||||||
||| Subsidiary’s guarantees to subsidiaries|||||||
 Guarantee party| Disclosure date of related announcement of guarantee quota| Guarantee quota| Exact date of occurrence| Actual guarantee amount| Type of guarantee| Collateral (if any)| Counter guarantee (if any)| Period of guarantee| Fulfilled or not| Guarantee for a related party or not Subsidiaries of SF
 Holding (with gearing ratio of 70% or above)|2018/03/142019/03/162020/03/242021/03/182022/01/072022/03/31|52,329,110| Subject to the actual guarantee contract|17,122,228| Joint liability guarantee| Part| Part| Subject to the actual guarantee contract| Partially fulfilled| No
 Subsidiaries of SF Holding (with gearing ratio below 70%)||17,862,110| Subject to the actual guarantee contract|9,115,588| Joint liability guarantee| None| Part| Subject to the actual guarantee contract| Partially fulfilled| No
 Total guarantee quota approved for subsidiaries during the Reporting Period(C1)|||65,534,000| Total actual amount of guarantees for subsidiaries during the Reporting Period (C2)||||||13,883,860
 Total guarantee quota approved for the subsidiaries at the end of the Reporting Period (C3)|||65,122,511| Total actual guarantee balance for subsidiaries at the end of the Reporting Period (C4)||||||17,927,642
Total guarantee amount provided by the Company (namely total of the first three major items)|||
 Total guarantee quota approved during the Reporting Period (A1+B1+C1)|70,800,000| Total actual amount of guarantee during the Reporting Period (A2+B2+C2)|19,274,950
 Total guarantee quota approved at the end of the Reporting Period (A3+B3+C3)|92,260,328| Total actual guarantee balance at the end of the Reporting Period (A4+B4+C4)|37,415,279
 Total guarantee amount (A4+B4+C4) to net assets of the Company|||43.37%
 Of which: Balance of guarantee for shareholders, actual controller, and affiliates thereof (D)|||–
 Balance of debt guarantee provided for guaranteed party whose asset-liability ratio is not less than70% directly or indirectly (E)|||23,109,744
 Amount of total guarantee in excess of 50% of net assets (F)|||–
Total amount of the above three guarantees (D+E+F)|||23,109,744
 Explanation on guarantee liabilities occurred or possible joint and several liabilities of repayment with evidence during the Reporting Period (if any) for unexpired guarantee contracts||| N/A
 Explanation on provision of guarantees for external parties in violation of the prescribed procedure (if|||
||| N/A
4,885,090
18,592,263
any)
3. Cash assets managed under trust
(1) Wealth managed under trust
Entrusted finances during the Reporting Period
Type| Funding Source for Entrusted Funds| Maximum Daily Balance of Such Entrusted Funds During the Reporting Period| Unexpired Balance| Overdue Outstanding Amount|| Impairment Provision of Overdue Outstanding Funds|
 Bank wealth management products| Self-owned funds|24,235,000|5,000,000||–||–
 Trust products| Self-owned funds|4,691|–||–||–
 Others| Self-owned funds|672,659|33,229||–||–
 Bank wealth management products| Raised proceeds|8,850,000|2,330,000||–||–
 Brokerage wealth management products| Raised proceeds|200,000|–||–||–
 Total||33,962,350|7,363,229||–||–
Note:  The maximum single day balances for each type of entrusted wealth management in the above table occur on different dates and direct sum totals do not
represent the maximum single day balances for all of the Company’s wealth management.
Details of individual items with significant amount or of low safety, poor liquidity, high risk wealth management products□Applicable √Not applicable
It is expected that the principal of entrusted financing cannot be recovered, or there may be other circumstances that may result in impairment
(2) Entrusted loans
Entrusted loans during the Reporting Period
Total Amount of Entrusted Loans| Funding Source for Entrusted Loans| Unexpired Balance| Overdue Outstanding Amount
12,800| Self-owned funds|117,670|28,428
Details of individual items with significant amount or of low safety, poor liquidity, high risk entrusted loans□Applicable √Not applicable
It is expected that the principal of the entrusted loan cannot be recovered, or there may be other circumstances that may result in impairment.
In order to support the smooth development of the business of the investee company and meet the capital needs of its daily operation, the Company held the twenty-third meeting of the fifth session of the Board on March 30, 2022, at which the Proposal on the Provision of Financial Assistance to Investee Company by Subsidiaries was considered and approved. Pursuant to the proposal, Kerry Logistics (China) Investment Co., Ltd. (嘉里物流(中国)投资有限公司), one of subsidiaries of the Company, was approved to provide financial assistance with a total amount of not more than RMB12.8 million to its investee company, Beijing Inland Port Co., Ltd. (北京北建通成国际物流有限公司)(“Beijing Inland Port”), for a term of not more than 6 months. The financial assistance has become matured and the principal was fully recovered during the Reporting Period.
With a view to motivating and retaining the key employees holding high-priority positions within the Company, and to meeting the routine consumption needs of employees, the Company formulated the employee welfare loan management policy in 2017 to grant up to RMB700 million worth of loans to eligible employees in 2017 and 2018, and compiled the 2019 employee welfare loan management policy in2019 to grant up to RMB300 million worth of loans to eligible employees in one year. For details, refer to the Employee Welfare Loan Management System and the 2019 Employee Welfare Loan Management System released by the Company at www.cninfo. com on October27, 2017 and December 7, 2019, respectively. As of the end of the Reporting Period, the unexpired balance of the employee welfare loan was RMB117.67 million.
As of the end of the Reporting Period, the Company’s subsidiary Shuncheng Lefeng Business (顺诚乐丰商业) Co., Ltd. (hereinafter referred to as “Lefeng Business (乐丰商业)”, formerly named “Shenzhen Shuncheng Lefeng Factoring Co., Ltd.”) had an overdue unrecovered entrusted loan balance of RMB27,000,000. Lefeng Business has filed a lawsuit to the court, and the court has ordered the auction of collateral, and now the case is in the execution stage of auction of collateral by batches. The Company predicts that the collateral value is sufficient to cover the unrecovered loan amount; moreover, the Company made provisions for bad debts in historical years, so this will not have a material adverse impact on the Company’s financial condition for this period. The Company acquired Lefeng Business in 2018, and this entrusted loan occurred before the acquisition. After the acquisition was completed, Lefeng did not have any new entrusted loans.
4. Other significant contracts
There was no significant contract of the Company in the Reporting Period.
XVI. Other Significant Events
(I) Repurchase of shares of the Company by way of aggregate auction