TigerResearch/tigerbot-earning-plugin huggingface dataset:
|2022||2021|| Payment criteria
 Property tax||146,993||61,716|
 Stamp tax||108,638||130,747|
 City maintenance and construction tax||91,686||149,822| Refer to Note 3
 Educational surcharge||66,425||112,184| Refer to Note 3
 Others||62,964||24,257|
||476,706||478,726|
|2022||2021|
 Outsourcing staff expenses||977,788||991,102
 Employee benefits||833,962||931,847
 Depreciation and amortisation expenses||342,872||203,153
 Others||629,492||711,797
||2,784,114||2,837,899
|2022|2021
 Employee benefits|14,163,667|12,116,458
 Depreciation and amortisation expenses|624,073|567,536
 Others|2,786,750|2,345,669
|17,574,490|15,029,663
|2022||2021|
 Employee benefits||1,225,926||1,159,940
 Depreciation and amortisation expenses||710,291||524,202
 Others||286,648||470,697
||2,222,865||2,154,839
|2022||2021|
 Interest on borrowings||1,570,293||1,015,357
 Add: Interest expenses on lease liabilities||609,652||552,658
 Less: Capitalised interest (Note 4(15))||(125,585)||(6,007)
 Interest expenses||2,054,360||1,562,008
 Less: Interest income||(345,662)||(187,794)
 Net gains or losses on exchange||(117,314)||103,533
 Commission expenses and others||120,229||85,612
||1,711,613||1,563,359
(48) Expenses by nature
The cost of revenue, selling and distribution expenses, general and administrative expenses and research and development expenses in the income statement are listed as follows by nature:
|2022|2021
 Outsourcing staff expenses|77,832,877|71,489,843
 Outsourcing transportation costs|38,204,742|35,965,273
 Transportation costs|68,640,219|34,888,921
 Including: Aircraft maintenance costs|431,618|412,517
 Employee benefits|31,445,636|27,830,922
 Depreciation and amortisation expenses|9,138,080|7,024,360
Depreciation expenses of right-of-use assets|7,174,410|5,527,322
 Rent and Venue usage expenses (b)|6,481,654|5,194,836
 Others|17,736,211|13,649,431
|256,653,829|201,570,908
(a) In 2022, the Group’s government grants which were offset against costs and expenses amounted to RMB214,306,000 (2021: RMB401,821,000). Therein, the amount that was recognised in non-recurring profit or loss amounted to RMB138,620,000 (2021: RMB215,386,000).
(b) As stated in Note 2(27), the Group directly recognises the lease payments of short-term leases and low value leases in profit or loss. In2022, the amount was RMB3,620,688,000 (2021: RMB2,737,492,000).
|2022||2021|| Related to assets/income
 Tax preference||1,778,617||1,222,839| Related to income
 Fiscal appropriation and subsidies||433,329||508,820| Related to income
 Amortisation of deferred income (Note 4(34))||37,415||36,480| Related to assets
||2,249,361||1,768,139|
In 2022, the Group was other income that was recognised in non-recurring profit or loss amounted to RMB 681,625,000 (2021: RMB622,710,000).
|2022||2021|
 Investment income from financial assets held for trading||664,145||410,291
 Investment income from disposal of other investments||307,566||113,093
 Investment income from disposal of subsidiaries||32,314||1,808,638
 Investment income from dividends of financial assets not held for trading||13,811||31,853
 Investment income from dividends of financial assets not held for trading(Note 4(10))||7,549||42,660
||1,025,385||2,406,535
There is no significant restriction on recovery of investment income of the Group.
|2022||2021|
 Losses on bad debts of accounts receivable||669,961||605,865
 Losses on/(Reversal of) bad debts of other receivables||158,035||(7,528)
(Reversal of)/Losses on impairment of long-term receivables||(2,372)||7,069
 Reversal of impairment of loans and advances||(4,524)||(27,688)
 Losses on impairment of factoring receivables||–||1,233
||821,100||578,951
(52) Non-operating income and expenses
|2022|| Amount recognised in non-recurring profit or loss in 2022|2021|| Amount recognised in non-recurring profit or loss in 2021
 Compensation income||39,913|39,913||65,643|65,643
 Income from penalty||10,281|10,281||5,784|5,784
 Government grants||6,202|6,202||19,362|19,362
 Others||175,091|175,091||198,753|198,753
||231,487|231,487||289,542|289,542
|2022|| Amount recognised in non-recurring profit or loss in 2022|2021|| Amount recognised in non-recurring profit or loss in 2021
 Losses on scrapping of long-term assets||143,994|143,994||236,302|236,302
 Compensation expenses||78,391|78,391||82,100|82,100
 Donation expenses||13,770|13,770||46,444|46,444
 Others||62,461|62,461||39,412|39,412
||298,616|298,616||404,258|404,258
|2022||2021|
 Current income tax||3,948,002||2,848,895
 Deferred income tax||15,156||365,573
||3,963,158||3,214,468
The reconciliation from income tax calculated based on the applicable tax rates and total profit presented in the income statement to the income tax expenses is listed below:
|2022|2021|
 Total profit|10,966,778||7,133,681
 Income tax expenses calculated at the standard tax rate of 25%|2,741,695||1,783,420
 Income not subject to tax|(215,471)||(228,428)
 Costs, expenses and losses not deductible for tax purposes|246,471||217,891
 Effect of last-year tax filing differences|(38,780)||(28,965)
 Effect of different tax rates among subsidiaries and branches on income tax expenses|(190,484)||(161,640)
Effect of tax preference|(322,841)||(185,747)
 Deductible tax losses and deductible temporary differences for which no deferred tax asset was recognised in the current year|1,353,001||1,472,000
 Reversal of previously recognised deductible tax losses for which deferred tax asset was recognised|518,108||429,211
 Utilisation of deductible tax losses and other deductible temporary differences for which no deferred tax asset was recognised in prior periods|(85,016)||(60,088)
 Recognition of deductible tax losses and other deductible temporary differences for which no deferred tax asset was recognised in prior periods|(43,525)||(23,186)
 Income tax expenses|3,963,158||3,214,468
(54) Earnings per share
(a) Basic earnings per share
Basic earnings per share are calculated by dividing consolidated net profit attributable to ordinary shareholders of the parent company by the weighted average number of outstanding ordinary shares of the parent company:
||2022||2021|
 Consolidated net profit attributable to ordinary shareholders of the parent company|||6,173,764||4,269,098
 Weighted average number of outstanding ordinary shares of the Company|||4,868,677||4,603,725
 Basic earnings per share (Yuan/share)|||1.27||0.93
 Including:|||||
–| Basic earnings per share from continuing operations (Yuan/share)||1.27||0.93
(b) Diluted earnings per share
Diluted earnings per share are calculated by dividing consolidated net profit attributable to ordinary shareholders of the parent company adjusted based on the dilutive potential ordinary shares by the adjusted weighted average number of outstanding ordinary shares of the Company. In2022, the Company had dilutive potential ordinary shares due to the implementation of the share option incentive plan (2021: the Company had no dilutive potential ordinary shares).
|2022||2021|
 Consolidated net profit attributable to ordinary shareholders of the parent company||6,173,764||4,269,098
 Adjusted consolidated net profit attributable to ordinary shareholders of the parent company for calculation of earnings per share||6,173,764||4,269,098
 Weighted average number of outstanding ordinary shares of the Company||4,868,677||4,603,725
 Add: Effect of the Group’s share-based payments plan||5,063||–
 Weighted average number of outstanding diluted ordinary shares||4,873,740||4,603,725
 Diluted earnings per share (Yuan/share)||1.27||0.93
(55) Other comprehensive income
Other comprehensive income, the related income tax effect and the reclassifications to profit or loss in 2022 and 2021:
| Other comprehensive income in the balance sheet|||| Other comprehensive income in the income statement for the year ended 31 December 2022|||
|31 December2021| Attributable to the parent company in the current year – net of tax| Other comprehensive income transferred into retained earnings|31 December2022| Amount incurred before income tax for the current year| Less: Income tax expenses| Attributable to the parent company – net of tax| Attributable to minority shareholders – of tax
 Other comprehensive income items which will not be reclassified subsequently to profit or loss: Changes in fair value of investments in other equity instruments|2,974,558|(47,597)|38,771|2,965,732|(57,876)|(307)|(47,597)|
 Other comprehensive income items which will not be transferred to profit or loss under the equity method|(1,278)|(1,486)|–|(2,764)|(1,486)|–|(1,486)|
 Other comprehensive income items which will be reclassified subsequently to profit or loss: Cash flow hedge reserve|(27,394)|15,392|–|(12,002)|15,392|–|15,392|
 Other comprehensive income items which will be transferred to profit or loss under the equity method|–|(18,740)|–|(18,740)|(18,740)|–|(18,740)|
 Exchange differences on translation of foreign currency financial statements|(328,655)|1,934,456|–|1,605,801|1,336,071|–|1,934,456|
|2,617,231|1,882,025|38,771|4,538,027|1,273,361|(307)|1,882,025|
(56) Notes to the cash flow statement
|2022|2021
 Inflows from cash collected on delivery service on behalf of other parties|77,286,558|82,642,080
 Others|3,792,101|7,828,720
|81,078,659|90,470,800
|2022|2021
 Outflows from cash collected on delivery service on behalf of other parties|77,323,122|83,113,338
 Others|16,902,212|14,375,055
|94,225,334|97,488,393
| Other comprehensive income in the balance sheet|||| Other comprehensive income in the income statement for the year ended 31 December 2021||||
|31 December2020| Attributable to the parent company in the current year – net of tax| Other comprehensive income transferred into retained earnings|31 December2021| Amount incurred before income tax for the current year| Less: Income tax(expenses)/ credits| Attributable to the parent company – net of tax| Attributable to minority shareholders –|
||||||||net|
||||||||of tax|
 Other comprehensive income items which will not be reclassified subsequently to profit or loss: Changes in fair value of investments in other equity instruments|1,213,254|1,873,959|(112,656)|2,974,557|1,870,952|9,857|1,873,959|6,850|
 Other comprehensive income items which will not be transferred to profit or loss under the equity method|(1,187)|(91)|–|(1,278)|(91)|–|(91)|–|
 Other comprehensive income items which will be reclassified subsequently to profit or loss: Cash flow hedge reserve|(22,858)|(4,536)|–|(27,394)|(4,536)|–|(4,536)|–|
 Exchange differences on translation of foreign currency financial statements|(45,240)|(283,414)|–|(328,654)|(133,261)|–|(283,414)|150,153|
|1,143,969|1,585,918|(112,656)|2,617,231|1,733,064|9,857|1,585,918|157,003|
||2022||2021|
 Consideration arising from disposal of subsidiaries|||233,639|4,135,481|
 Add:| Cash received in the current year for the disposal of subsidiaries in previous years||99,751|15,000|
 Less:| Cash and cash equivalents held by subsidiaries on the day of loss of control||(19,671)|(559,868)|
 Less:| Cash and cash equivalents received in the subsequent periods for the disposal of subsidiaries||–|(100,534)|
 Less: Shares of SF REITs acquired|||–|(1,152,527)|
|||313,719|2,337,552|
|2022||2021
 Consideration from acquisition of subsidiaries by way of business combinations||1,952,915|14,775,405
 Add: Cash paid in the current year for acquisition of subsidiaries in prior periods||108,797|30,299
 Less: Consideration to be paid in subsequent years (i)||(745,718)|(10,100)
 Consideration to be paid in advance||–|(30,300)
 Translation impact of foreign currency||–|(5,821)
 Cash held by subsidiaries on the day of purchase and cash equivalents||(125,369)|(7,024,242)
Net cash paid from acquisition of subsidiaries by way of business combinations||1,190,625|7,735,241
 Consideration of acquisition as assets||1,099,465|1,389,990
 Less: Cash held by subsidiaries on the day of purchase and cash equivalents||(72,609)|(81,653)
 Net cash paid of acquisition as assets||1,026,856|1,308,337
 Total net cash paid to acquire subsidiaries||2,217,481|9,043,578
As at 31 December 2022, Consideration to paid in future periods are mainly the purchase price payables of the Topocean’s equity, which will be paid within one year.
(e) Cash received/paid relating to other investing activities
Cash received/paid relating to other investing activities by the Group represents cash mainly inflows and outflows from redemption/purchase of bank wealth management products and structural deposits.
||2022||2021
 Repayments of lease liabilities(i)|7,813,330||6,266,239|
 Acquisition of minority interests|3,914,671||109,576|
 Repurchase of shares|2,040,377||–|
 Long-term asset purchases paid for by bank supply chain financial products/ refactoring|868,330||–|
 Cash dividends paid in the current year declared by subsidiary before the acquisition|–||10,819,033|
 Others|6,789||227,896|
|14,643,497||17,422,744|
(i) In 2022, the total cash outflows relating to leases paid by the Group amounted to RMB11,687,763,000 (2021: RMB9,226,746,000), except for the repayments of lease liabilities classified as cash paid relating to financing activities, the remaining was classified as cash paid relating to operating activities.
(57) Supplementary information to the cash flow statement
||2022||2021
 Net profit|7,003,620||3,919,213|
 Add: Asset impairment losses|131,756||60,390|
ᅠCredit impairment losses|821,100||578,951|
ᅠDepreciation of right-of-use assets|7,174,410||5,527,322|
ᅠDepreciation of fixed assets|5,859,984||4,588,519|
ᅠDepreciation of investment properties|92,568||60,382|
ᅠAmortisation of intangible assets|2,086,019||1,487,797|
ᅠAmortisation of long-term prepaid expenses|1,135,132||907,585|
ᅠLosses on disposal of long-term assets|52,305||195,841|
ᅠLosses/(Gains) arising from changes in fair value|27,938||(98,949)|
ᅠFinancial costs|1,929,262||1,590,849|
ᅠInvestment income|(1,025,385)||(2,406,535)|
ᅠRecognised expenses on equity-settled share-based payments|109,573||349,308|
ᅠ(Increase)/Decrease in deferred tax assets|(245,603)||72,641|
ᅠIncrease in deferred tax liabilities|260,759||292,932|
ᅠAmortisation of deferred income|(37,415)||(36,480)|
ᅠIncrease in inventories|(397,187)||(370,579)|
ᅠDecrease/(Increase) in operating receivables|8,816,879||(6,196,150)|
ᅠ(Increase)/Decrease in operating payables|(1,092,768)||4,834,568|
Net cash flows from operating activities 32,702,947 15,357,605
|31 December 2022|31 December 2021
 Cash on hand|18,437|48,513
 Cash at bank that can be readily drawn on demand|40,008,101|34,633,427
 Other cash balances that can be readily drawn on demand|138,535|50,988
 Other balances that can be readily drawn on demand|114,874|80,840
|40,279,947|34,813,768
(c) Significant operating, investment and financing activities that do not involve cash receipts and payments
|2022||2021|
 Long-term asset purchases paid for by bank supply chain financial products/ refactoring||992,178||868,330
(58) Monetary items denominated in foreign currency
(a) As at 31 December 2022 and 31 December 2021, the Group’s companies whose recording currency is RMB held financial assets and liabilities denominated in non-recording currencies (mainly USD, HKD and EUR), excluding financial assets and liabilities denominated in non- recording currencies held by subsidiaries within the Group, of which the equivalent amounts in RMB (presentation currency of these financial statements) are listed as below:
||31 December 2022|
| Amount in the original currency| Exchange rate to RMB| Equivalent to RMB
 Cash at bank and on hand – USD|81,868|6.9646|570,178
 HKD|35,511|0.8933|31,722
 EUR|163|7.4229|1,210
 Receivables – USD|272,999|6.9646|1,901,329
 HKD|96,310|0.8933|86,034
EUR|6,544|7.4229|48,575
 Payables – USD|140,907|6.9646|981,361
 HKD|73,704|0.8933|65,840
 EUR|14,303|7.4229|106,170
 SGD|2,009|5.1831|10,413
||31 December 2021|
| Amount in the original currency| Exchange rate to RMB| Equivalent to RMB
 Cash at bank and on hand – USD|59,886|6.3757|381,815
 HKD|7,202|0.8176|5,889
 EUR|100|7.2197|720
 Receivables – USD|101,020|6.3757|644,070
 HKD|46,533|0.8176|38,046
EUR|472|7.2197|3,408
 Payables – USD|26,740|6.3757|170,486
 HKD|10,266|0.8176|8,393
 EUR|784|7.2197|5,663
 SGD|409|4.3553|1,780
||31 December 2021||
| Amount in the original currency| Exchange rate to HKD| Equivalent to HKD| Equivalent to RMB
 Cash at bank and on hand – RMB|13,958|1.2231|17,072|13,958
 USD|11,428|7.7981|89,113|72,858
 EUR|1,170|8.8304|10,327|8,444
 Accounts receivable – RMB|5,452|1.2231|6,668|5,452
 USD|7,013|7.7981|54,686|44,711
 Accounts payable – RMB|14,745|1.2231|18,034|14,745
 USD|8,441|7.7981|65,827|53,820
 EUR|2,014|8.8304|17,785|14,541
(b) As at 31 December 2022 and 31 December 2021, the Group’s overseas subsidiaries, except for those operating in Hong Kong, held no significant financial assets or liabilities denominated in non-recording currencies. Those companies operating in Hong Kong with HKD as recording currency held financial assets and liabilities denominated in non-recording currencies (mainly USD, RMB and EUR), excluding financial assets and liabilities denominated in non-recording currencies held by subsidiaries within the Group, of which the equivalent amounts in HKD(recording currency of companies operating in Hong Kong) and RMB (presentation currency of these financial statements) are listed as below:
||31 December 2022||
| Amount in the original currency| Exchange rate to HKD| Equivalent to HKD| Equivalent to RMB
 Cash at bank and on hand – RMB|59,509|1.1195|66,620|59,509
 USD|99,358|7.7967|774,665|692,008
 EUR|4,734|8.3098|39,339|35,142
 Accounts receivable – RMB|251,686|1.1195|281,762|251,686
 USD|231,573|7.7967|1,805,505|1,612,858
 Accounts payable – RMB|32,985|1.1195|36,927|32,985
 USD|203,672|7.7967|1,587,969|1,418,533
|1,930|8.3098|16,038|14,327
5. Changes in the consolidation scope
(1) Business combinations involving enterprises not under common control
Main business combinations involving enterprises not under common control in 2022:
Acquiree| Timing of acquisition| Acquisition cost|% of interest acquired| Method of acquisition| Acquisition date| Basis for determining the acquisition date
 Topocean (a)|19 April 2022|1,676,951|100.00%| By cash|19 April 2022| Completion of equity delivery
 Pro-Med|31 January 2022|45,040|51.00%| By cash|31 January 2022| Completion of equity delivery
 Suzhou Industrial Park Customs Declaration Co., Ltd.|1 January 2022|89,485|66.00%| By cash|1 January 2022| Completion of equity delivery
The total operating income, net profit, operating activities generated net cash flow of the above company from the purchase date to the end of the year are RMB6,664,752,000, RMB298,456,000, RMB102,765,000 and RMB92,511,000, respectively.
(a) In April 2022, the group’s subsidiary Kerry Logistics completed the acquisition of 100% equity of Topocean, obtained the control of Topocean, and included Topocean in the scope of consolidation. Under the acquisition agreement, the Group has paid 80% of the equity payment and will pay the remaining 20% in installments within one year. The Group has recognized this Consideration not yet paid as payable. Topocean is headquartered in the United States and its main is international freight forwarding business.
Details of the consideration of acquisition and goodwill recognised are as follows:
|| Topocean
 Consideration of acquisition||
–| Cash|1,676,951
 Less: Fair value of the identifiable net assets acquired||(519,644)
 Goodwill||1,157,307
As at the acquisition date, the Group recognised Topocean’s identifiable net assets at fair value. The fair value of identifiable net assets exceeded the carrying amount by RMB 287,643,000, The recognition of intangible assets (mainly is customer relationships) and corresponding deferred tax liabilities. The Group has engaged an independent valuer to assist in the identification of assets of Topocean, And evaluate the fair value of intangible assets.
The valuation method used for customer relationships is multi-period excess earnings method,the key assumptions applied in the valuation include revenue growth rate, gross profit rate and discount rate.
(b) The assets and liabilities of Topocean as at the acquisition date and 31 December 2021 are as follows:
| Acquisition date Fair value| Acquisition date Carrying amount|31 December 2021 Carrying amount
 Cash at bank and on hand|129,230|129,230|956,435
 Receivables|1,837,033|1,837,033|1,734,390
 Intangible assets|435,006|219|219
 Other assets|266,299|255,770|264,124
 Less: Payables|(1,902,645)|(1,902,645)|(1,929,907)
 Deferred tax liabilities|(143,199)|(54,384)|(163,638)
Other liabilities|(8,248)|(8,248)|(20,392)
 Net assets|613,476|256,975|841,231
 Less: Minority interests|(34,777)||
 Fair value of the identifiable net assets acquired|578,699||
(2) Disposal of subsidiaries
Name of subsidiary| Proceeds from disposal| Disposal proportion| Method of disposal| Timing of losing control| Basis for judgement of timing of losing control| Difference between proceeds from disposal after deducting disposal costs and corresponding shares of net assets in the consolidated financial statements
 Changsha Industrial Park and its subsidiaries|232,939|100.00%| Sales of equity|24 June 2022| Transfer of control right|31,654
 Yingyun Aolong Logistics (Zhanjiang) Co., Ltd.|700|60.00%| Sales of equity|30 June 2022| Transfer of control right|660
|233,639|||||32,314
(3) Other changes in the consolidation scope
(a) In 2022, the Group set up the following major subsidiaries by cash:
Tianjin Fengpai Technology Co., Ltd.
Chongqing Fonair UAV Research Institution Co., Ltd. Sichuan Tianfu Aviation Co., Ltd.
Beijing Shunlu Logistics Co., Ltd.
Beijing Shunheng Logistics Co., Ltd. Dongguan Shunlu Logistics Co., Ltd.
SF Yingyun Supply Chain Management (Huizhou) Co., Ltd. Hangzhou S.F. Smart Supply Chain Co., Ltd.
Shenzhen Fengwang Information Technology Co., Ltd. Jiangsu Fengsu Logistics Co., Ltd.
Fujian Fengwang Express Co., Ltd.
Liaoning Fengwang Express Co., Ltd.
Fengyi Technology (Hangzhou) Co., Ltd.
SF INTERNATIONAL VIETNAM COMPANY LIMITED Guangzhou Nansha Kerry Freight Co., Ltd
Beijing Kerry Huanjie Supply Chain Management Co., Ltd
(b) In 2022, the Group cancelled the following major subsidiaries:
Xuzhou Fengtai Industrial Park Management Co., Ltd.
Dalian Fengtai Industrial Park Operation and Management Co., Ltd. Jinan Hongtai Industrial Park Management Co., Ltd.
Luohe Fengtai Industrial Park Management Co., Ltd. Yangzhou Fengyutai Enterprise Management Co., Ltd. Huai’an Shunheng Express Co., Ltd.
6. Interests in other entities(1) Interests in subsidiaries(a) First-tier and second-tier subsidiaries of the Group are as follows:||||||||| Place of registration| Major business| Nature of business| Shareholding (%)||| Method of acquisition
||||||||||location|||||
|||||||||||| Direct|| Indirect|
|||||||| Hangzhou SF Intra-city Industrial Co., Ltd.| Hangzhou| Hangzhou| Supply chain management and other services||–|56.76%| By new establishment
|||||||| Shenzhen SF Express Zhongyuan Network Technology Co., Ltd.| Shenzhen| Shenzhen| Technology development and consulting services||–|100.00%| By new establishment
| Place of registration| Major business location| Nature of business| Shareholding (%)||| Method of acquisition| SF Sharing Precision Information Technology(Shenzhen) Co., Ltd.|||||||
|||| Direct|| Indirect||| Shenzhen| Shenzhen| Information technology service||–|100.00%| By new establishment