Brother of express delivery? Before SF Express borrowed money and went public, it was an obvious leader in the express delivery industry. Now it has a debt of 30.874 billion yuan. The real biggest reason is that after SF Express was successfully listed on the backdoor, major shareholders went crazy and cashed in on the highs. , directly caused the capital chain of SF Express to break and the capital turnover problem to fall into trouble. From a star company to today, it is heavily in debt.

The asset market is like this. A company strives to become bigger and stronger before going public. The moment it is successfully listed, once the assets of the major shareholders are successfully listed, the assets will increase significantly and they will immediately become rich; So much money! This is the real reason why so many companies have to go public after losing their skin.

In fact, SF Express has taken this path. Before it went public, SF Express began to spend a lot of money to expand the market and become a leader in the industry and a star company in the industry! Directly accounting for a large part of the entire industry's business share, in order to strengthen SF Express's strength and pave the way for a backdoor listing;

After SF Express successfully listed Dingtai New Materials through a backdoor takeover at the beginning of 2017, the stock price Under the care of SF Star Enterprise, it was also speculated by huge funds in the secondary stock market. On March 1, 2017, the stock price reached its highest point of 73.48 yuan, and the SF Holding market reached a peak of 322.6 billion yuan. Subsequently, the huge funds began to gradually cash out crazily. The stock price began to plummet; as of January 15, 2019, it was 32.42 yuan, and the market value was only 144.1 billion yuan. Compared with SF Express, the stock price fell by 41.06 yuan when it was crazy, a drop of 55.87 yuan; while SF Express's market value also dropped by 178.5 billion yuan. The drop was as high as 55.33; all the craziness when SF Express was listed was to pave the way for major shareholders to cash out wildly.

This is how the capital market works. Once a high-quality company is successfully listed, its major shareholders will take the opportunity to cash out wildly and leave; take the recent cash-out situation of SF Holding’s major shareholders. SF Express's largest shareholders, Shunda Fengrun, Yuanhe Shunfeng, Jiaqiang SF Express, etc., reduced their holdings by a total of approximately 60.5053 million shares in 2018, cashing out approximately 2.7 billion yuan. Recently, on January 23, SF Express Holdings released another Juda shareholding, with the total amount lifted. 374.4777 million shares; After a large number of chips were lifted, SF Express's stock price fell sharply again. In recent months, SF Express Holdings plunged 36%; stock investors all know that the purpose of lifting the ban is to reduce holdings, and to reduce holdings is to cash out, which has shaken investors' confidence in holding shares. This will cause the stock price to plummet.

Finally, the final conclusion can be drawn. ?Express Express Brother? SF Express has gone from a star company to today's debt of 30.8 billion. The reason why it is struggling is that the largest controlling shareholder has cashed out and left the market. Once the major shareholder cashed out and left the company, SF Express It is necessary to find ways to obtain financing and loans to make up for these funding loopholes. Once a large amount of borrowing occurs, it will directly lead to a significant increase in the company's debt ratio, which will put the company into a financial dilemma. This is why SF Express has a huge debt of more than 30 billion.

SF Express’ halo has gradually faded, and perhaps SF Express will have an increasingly difficult road ahead!