SF Holding (HKG:6936) saw its stock price plummet by 9.32% in Friday's trading session, despite reporting a 19% increase in net profit for the first half of the year. The Chinese logistics giant's shares took a significant hit, contrasting sharply with its seemingly positive financial results.

According to the company's filing on the Hong Kong Stock Exchange, SF Holding's net profit attributable to shareholders rose to 5.74 billion yuan in the first half, up from 4.81 billion yuan in the same period last year. Revenue also saw a 9.3% year-on-year increase, reaching 146.9 billion yuan. Earnings per share improved to 1.16 yuan from 1 yuan in the previous year.

However, investors appeared unimpressed by these results, leading to a selloff. The stark contrast between the positive financial report and the negative market reaction suggests that the results may have fallen short of market expectations or that investors might be concerned about other factors not immediately apparent in the financial statements. The significant drop in stock price indicates that market participants may be reassessing the company's growth prospects or expressing concerns about the broader economic environment affecting the logistics sector.