Core Insights - SF Express City achieved a significant revenue growth of 48.8% year-on-year, reaching approximately 10.236 billion RMB, marking the first time the company surpassed the 10 billion RMB threshold in half-year revenue [1] - The company reported a net profit attributable to shareholders of approximately 137 million RMB, a remarkable increase of 120.4% year-on-year, setting a new record [1] - The growth was driven by the rapid expansion of the food delivery and instant retail sectors, leading to a more than 50% increase in order volume for same-city delivery services [1][2] Revenue Breakdown - Same-city delivery service revenue grew by 43.1% year-on-year, amounting to approximately 5.779 billion RMB, with food delivery demand significantly contributing to this growth [1] - Revenue from non-food scenarios maintained a steady growth trend, increasing by 28.6% year-on-year to 2.142 billion RMB, with merchant-facing non-food scenario revenue rising by 35.3% [1] Business Partnerships and Market Position - The company achieved a revenue of approximately 4.467 billion RMB from merchant-facing same-city delivery services, reflecting a year-on-year growth of 55.4% [2] - SF Express City maintained a leading market share through long-term collaborations with major clients, leveraging its comprehensive service capabilities across various industries [2] Service Capabilities and Innovations - The company enhanced its service offerings by providing multi-channel order management and delivery services for chain restaurants, resulting in significant revenue growth for several major brands [3] - In the retail sector, SF Express City deepened partnerships with national chain supermarkets, offering customized services such as warehouse-to-store delivery and direct-to-home services [3] Consumer-Focused Services - Revenue from consumer-facing same-city delivery services reached approximately 1.312 billion RMB, a year-on-year increase of 12.7%, with strong growth in business scenario revenue [4] - The last-mile delivery service saw a robust growth of 56.9% year-on-year, totaling approximately 4.457 billion RMB, driven by increased demand for flexible collection services [4] Technological Advancements - The company is advancing operational digitization and AI decision-making to enhance efficiency, with applications in rider management, customer service, and merchant operations [5] - Over 300 autonomous vehicles have been deployed in daily operations across more than 60 cities, contributing to a more efficient delivery ecosystem [5] Strategic Vision - SF Express City continues to embrace market opportunities driven by the diversification of traffic, increasing penetration of food delivery and instant retail, and the acceleration of same-city logistics [6] - The company is establishing a solid foundation for its leadership position in the third-party instant delivery industry through technological innovations and strategic partnerships [6]

Performance Summary - SF Holding reported a revenue of 146.858 billion yuan, a year-on-year increase of 9.26%, and a net profit of 5.738 billion yuan, up 19.37% year-on-year [2] - Shanghai Pharmaceuticals achieved a revenue of 141.593 billion yuan, a growth of 1.56%, with a net profit of 4.459 billion yuan, increasing by 51.56% [2] - New China Life Insurance's revenue reached 69.429 billion yuan, a 25.5% increase, and a net profit of 14.799 billion yuan, up 33.5% [2] - Huadian International Power's revenue was 59.953 billion yuan, down 8.98%, while net profit increased by 13.15% to 3.904 billion yuan [2] - China Pacific Insurance reported a revenue of 55.964 billion yuan, a slight increase of 0.2%, and a net profit of 6.764 billion yuan, up 12.2% [2] - CITIC Securities had a revenue of 46.552 billion yuan, a 16.28% increase, and a net profit of 13.719 billion yuan, up 29.79% [2] - Beijing Enterprises Holdings reported a revenue of 44.529 billion yuan, a 5.2% increase, and a net profit of 3.404 billion yuan, up 8.1% [2] - Li Auto's vehicle sales revenue for Q2 2025 was 28.9 billion yuan, down 4.7%, with a net profit of 1.093 billion yuan, a decrease of 0.9% [2] - Huishang Bank reported a revenue of 21.157 billion yuan, a 2.25% increase, and a net profit of 9.109 billion yuan, up 5.55% [2] - SMIC achieved a revenue of 4.456 billion USD, a 22% increase, with a net profit of 320 million USD, up 35.6% [2] - China Galaxy Securities reported a total revenue of 18.798 billion yuan, an 18.92% increase, and a net profit of 6.488 billion yuan, up 47.86% [2] - Zhongjun Group Holdings had a revenue of 18.521 billion yuan, down 25.4%, with a net loss of 3.48 billion yuan, a narrowing of 5.5% [2] - BeiGene reported a revenue of 2.433 billion USD, a 44.7% increase, and a net profit of 95.59 million USD, turning from a loss of 372 million USD [2] - SF Express City reported a revenue of 10.236 billion yuan, up 48.8%, and a net profit of 137 million yuan, up 120.4% [2] - China Shipbuilding Defense reported a revenue of 10.173 billion yuan, a 16.54% increase, and a net profit of 526 million yuan, up 258.46% [2] - Qingdao Port reported a revenue of 9.434 billion yuan, a 4.04% increase, and a net profit of 2.842 billion yuan, up 7.58% [2] - Shanghai Industrial Holdings reported a revenue of 9.476 billion yuan, down 8.6%, and a net profit of 1.042 billion yuan, down 13.2% [2] - Everbright Securities reported a revenue of 7.481 billion yuan, a 17.7% increase, and a net profit of 1.683 billion yuan, up 21% [2] - Baozun reported a revenue of 4.617 billion yuan, a 5.63% increase, with a net loss of 97.04 million yuan, narrowing [2] - Sichuan Chengyu Expressway reported a revenue of 4.08 billion yuan, down 23.3%, and a net profit of 838 million yuan, up 20.1% [2] - Baideli Holdings reported a revenue of approximately 3.813 billion yuan, down 10.9%, and a net profit of 7.1 million yuan, down 79.1% [2] - Tigermed reported a revenue of 3.25 billion yuan, down 3.21%, and a net profit of 383 million yuan, down 22.22% [2] - Zhengli New Energy reported a revenue of 3.172 billion yuan, a 71.9% increase, and a net profit of 220 million yuan, turning from a loss of 130 million yuan [2] - Sensong International reported a revenue of 2.687 billion yuan, down 22.7%, and a net profit of 338 million yuan, down 10.15% [2] - Dasheng Holdings reported a revenue of approximately 2.593 billion yuan, a 27% increase, and a net profit of 65.924 million yuan, up 504.4% [2] - SenseTime reported a revenue of 2.358 billion yuan, a 35.6% increase, with a gross profit of 908 million yuan, up 18.4%, and an adjusted net loss of 1.162 billion yuan, narrowing by 50% [2] - Ruian Real Estate reported a revenue of 2.074 billion yuan, flat year-on-year, with a net profit of 51 million yuan, down 29.2% [2] - Shangri-La Asia reported a revenue of 1.056 billion USD, a 0.7% increase, and a net profit of 57.9 million USD, down 38.7% [2] - Quanfeng Holdings reported a revenue of 912 million USD, an 11.9% increase, and a net profit of 95.217 million USD, up 54.8% [2] - COSCO Shipping Ports reported a revenue of 806 million USD, a 13.6% increase, and a net profit of approximately 182 million USD, up 30.6% [2] - Tianjin Development reported a revenue of 1.719 billion yuan, down 5.59%, and a net profit of 344 million yuan, up 19.57% [2] Company News - Sillodic Pharmaceuticals successfully administered the new radiolabeled drug 3D1015 to patients with PSMA-positive metastatic castration-resistant prostate cancer, demonstrating safety and preliminary efficacy [2] - Shoucheng Holdings signed a strategic cooperation framework agreement with Alter and Alrite to jointly promote breakthroughs in robotics technology, scene implementation, and industrial chain collaboration [2]

Core Viewpoint - SF Express (9699.HK) reported a significant increase in revenue and net profit for the first half of the year, driven by the rapid growth of the food delivery and instant retail sectors, marking a milestone with revenue exceeding 10 billion yuan for the first time [1] Financial Performance - The company achieved a revenue of 10.236 billion yuan, representing a year-on-year growth of 48.8% [1] - Net profit attributable to shareholders reached 137 million yuan, a remarkable increase of 120.4%, setting a new record [1] Business Growth Drivers - The growth was primarily fueled by the surge in demand for instant delivery services, with the order volume for same-city delivery services increasing by over 50% year-on-year [1] - The optimization of the business structure and increased contribution from high-quality clients also played a significant role in revenue growth [1] - Technological advancements and lean management practices enhanced operational efficiency, leading to expanded economies of scale and sustained profit release [1] Segment Performance - Revenue from same-city delivery services saw a substantial year-on-year increase of 43.1%, amounting to approximately 5.779 billion yuan [1] - The growth in revenue was significantly supported by the rising demand for food delivery, particularly from major chain restaurants and tea brands, with tea delivery revenue soaring by 105% [1] - Other categories such as supermarkets, pharmaceuticals, and maternal and infant products also experienced high double-digit growth [1]

8月28日晚间，顺丰同城(09699.HK)公布截至2025年6月底止中期业绩，报告期内收入102.36亿元(人民 币，下同)，同比增长48.8%，首次实现半年度营收突破百亿；毛利同比增长43.8%至6.81亿元；公司拥 有人应占净利润同比增长120.4%至1.37亿元，创历来新高；经调整净利润约1.6亿元，同比增长 139.0%。 报告称，本期业绩增长表现有赖于：餐饮外卖及即时零售行业快速增长，带动即时配送需求增加，同城 配送服务订单量同比增长超50%，带动收入规模快速提升；业务结构优化，优质客户对收入贡献增加； 以及其科技和精益管理推动运营底盘提质增效，网络规模经济效益扩大，盈利持续释放。 上半年，顺丰同城面向消费者的同城配送收入约13.12亿元，同比增长12.7%。报告期内，公司深入挖掘 一线城市CBD核心区域消费者的即时配送需求，商务场景收入保持高速增长，并继续通过一对一"独享 专送"服务精准触达消费者对高价值、高时效及高安全性物品的配送需求，该产品收入同比翻3倍；同时 深入渗透下沉市场，上半年下沉市场面向消费者的同城配送收入快速提升。 最后一公里配送方面，公司上半年实现此服务收入强劲增长，同比大增5 ...

Core Insights - SF Express City achieved a significant revenue growth of 48.8% year-on-year, reaching approximately 10.236 billion RMB, marking the first time the company surpassed the 10 billion RMB threshold in half-year revenue [1] - The company reported a net profit attributable to shareholders of approximately 137 million RMB, a remarkable increase of 120.4% year-on-year, setting a new record [1] - The growth was driven by the rapid expansion of the food delivery and instant retail sectors, leading to a more than 50% increase in order volume for same-city delivery services [1][2] Revenue Breakdown - Same-city delivery service revenue grew by 43.1% year-on-year to approximately 5.779 billion RMB, with food delivery demand significantly contributing to this growth [1] - Revenue from business-oriented same-city delivery services reached approximately 4.467 billion RMB, reflecting a year-on-year increase of 55.4% [2] - Consumer-oriented same-city delivery revenue was approximately 1.312 billion RMB, showing a year-on-year growth of 12.7% [4] Strategic Partnerships and Market Position - The company maintained a leading market share by collaborating with multiple top-tier clients and leveraging its comprehensive service capabilities across various sectors [2] - SF Express City deepened strategic cooperation with SF Holding to create an integrated supply chain solution, enhancing customer loyalty and expanding the client base [3] Operational Efficiency and Technology Integration - The company is advancing operational digitization and AI decision-making to reduce costs and improve efficiency, with over 300 autonomous vehicles deployed across more than 60 cities [5][6] - The integration of AI tools in various operational aspects, including rider management and customer service, is enhancing the overall service delivery model [5] Market Trends and Future Outlook - The company is well-positioned to capitalize on the growing demand for instant delivery services, driven by changes in consumer behavior and the expansion of the industry [6] - SF Express City is focusing on diversifying its service offerings and enhancing its logistics capabilities to solidify its leadership position in the third-party delivery market [6]

Core Viewpoint - SF Express City achieved significant growth in its mid-year performance for the period ending June 2025, with revenue surpassing 10.236 billion RMB, marking a year-on-year increase of 48.8% and the first time achieving over 10 billion in half-year revenue [1] Financial Performance - Revenue increased by 48.8% year-on-year to approximately 10.236 billion RMB, with gross profit rising by 43.8% to about 681 million RMB [1] - Net profit attributable to shareholders surged by 120.4% to approximately 137 million RMB, setting a new record [1] - Adjusted net profit for the period was around 160 million RMB, reflecting a year-on-year growth of 139.0% [1] Business Growth Drivers - The growth was driven by the rapid expansion of the food delivery and instant retail sectors, leading to a more than 50% increase in order volume for same-city delivery services [1] - The optimization of business structure and increased contribution from high-quality customers also played a significant role [1] - Technological advancements and lean management practices enhanced operational efficiency and expanded network economies of scale [1] Service Performance - Revenue from same-city delivery services grew by 43.1% year-on-year to approximately 5.779 billion RMB, with food delivery demand significantly contributing to this growth [1] - Non-food delivery scenarios maintained a steady growth trend, with revenue increasing by 28.6% to 2.142 billion RMB, and revenue from merchant-facing non-food scenarios rising by 35.3% [1][2] Market Position and Client Relationships - The company achieved approximately 4.467 billion RMB in revenue from merchant-facing same-city delivery services, reflecting a year-on-year increase of 55.4% [2] - SF Express City maintained a leading market share through long-term partnerships with major clients and comprehensive service capabilities across various sectors [2] Sector-Specific Developments - In the restaurant sector, the company provided multi-channel order management and delivery services, resulting in rapid revenue growth for several major chain restaurants [3] - In retail, the company deepened collaborations with national chain supermarkets, offering customized services that led to increased revenue from key local clients [3] - The pharmaceutical sector saw significant growth, with multiple chain pharmacy clients achieving record order volumes [3] Consumer-Focused Services - Revenue from consumer-facing same-city delivery services reached approximately 1.312 billion RMB, a year-on-year increase of 12.7% [4] - The company focused on meeting the instant delivery needs of consumers in core urban areas, with business scenario revenue growing rapidly [4] - Last-mile delivery services experienced strong growth, with revenue increasing by 56.9% to approximately 4.457 billion RMB [4] Technological Advancements - The company is advancing operational digitization and AI decision-making to enhance efficiency [5] - Over 300 autonomous vehicles have been deployed in daily operations, covering over 60 cities, with an average of 20,000 active trips per month [5] - The integration of AI tools in various operational aspects is aimed at creating a differentiated logistics network [5] Strategic Collaborations - SF Express City continues to deepen strategic cooperation with SF Holding to provide integrated supply chain solutions [3] - The collaboration has resulted in a 29.5% year-on-year increase in external incremental revenue from monthly settled clients [3]

Core Viewpoint - SF Express City achieved significant growth in the first half of 2025, with revenue exceeding 10.236 billion yuan, marking a year-on-year increase of 48.8% [1] Financial Performance - Revenue for the first half reached 10.236 billion yuan, up 48.8% year-on-year - Gross profit increased by 43.8% to 681 million yuan - Net profit attributable to shareholders surged by 120.4% to approximately 137 million yuan, setting a new record - Adjusted net profit was about 160 million yuan, reflecting a year-on-year growth of 139% [1] Business Segments - Revenue from same-city delivery services grew by 43.1% to 5.779 billion yuan - The restaurant delivery segment saw rapid growth, while non-restaurant scenarios maintained a steady growth trend, with revenue increasing by 28.6% to 2.142 billion yuan [1] - Revenue from merchant-facing same-city delivery services reached approximately 4.467 billion yuan, up 55.4% year-on-year [2] - Consumer-facing same-city delivery revenue was about 1.312 billion yuan, reflecting a year-on-year increase of 12.7% [3] Market Trends and Strategies - The company capitalized on the rapid growth of the restaurant delivery and instant retail sectors, leading to a more than 50% increase in same-city delivery service order volume [1] - The number of active merchants on the platform grew by 55% year-on-year, reaching 850,000 [2] - The company is deepening strategic cooperation with SF Holding to create an integrated supply chain solution [2] Technological Advancements - The company is advancing operational digitalization and AI decision-making across various business segments to enhance efficiency and reduce costs [3] - Over 300 unmanned vehicles have been deployed for daily operations, covering more than 60 cities, with an average of 20,000 active trips per month [4]

（文章来源：每日经济新闻） 每经AI快讯，8月28日，顺丰同城(09699.HK)在港交所发布中期业绩报告，期内收入102.36亿元，同比 增长48.8%；净利润1.37亿元，同比增长120.4%；经调净利润1.6亿元，同比增长139%。 ...

最后一公里配送方面，公司上半年实现此服务收入同比增56.9%，至约44.57亿元，特别在揽收环节，公 司作为弹性运力补充，能及时响应夜间、节假日、购物节高峰、以及日益增长的电商集收、电商退货件 上门揽收等收件需求，同期揽收环节支持服务订单量同比增长超150%。 公告称，上述增长表现有赖于：餐饮外卖及即时零售行业快速增长，带动即时配送需求增加，期内同城 配送服务订单量同比增长超50%，带动收入规模快速提升；业务结构优化，优质客户对收入贡献增加； 以及其科技和精益管理推动运营底盘提质增效，网络规模经济效益扩大，盈利持续释放。 8月28日，顺丰同城公布截至2025年6月底止中期业绩，收入同比增长48.8%，至约102.36亿元，首次实 现半年度营收突破百亿；毛利同比增长43.8%，至约6.81亿元；公司拥有人应占净利润同比增长 120.4%，至约1.37亿元，创历来新高；期内经调整净利润约1.6亿元，同比增长139.0%。 顺丰同城上半年同城配送服务收入同比大幅增长43.1%，至约57.79亿元，除了受惠于餐饮外卖需求所带 动的餐饮即配收入同比快速增长外，非餐场景维持稳健增长趋势，半年收入同比增长28.6%，至21 ...

Core Viewpoint - SF Express (09699.HK) reported a significant increase in mid-year performance for 2025, with revenue surpassing 10.236 billion yuan, marking a year-on-year growth of 48.8% and achieving a milestone of over 10 billion yuan in mid-year revenue [1] Financial Performance - Revenue reached 10.236 billion yuan, representing a 48.8% year-on-year increase [1] - Adjusted net profit was approximately 160 million yuan, showing a remarkable year-on-year growth of 139% [1] Business Growth Drivers - The growth in the catering takeaway and instant retail sectors has driven an increase in demand for on-demand delivery services [1] - The number of same-city delivery service orders increased by over 50% during the reporting period, contributing to rapid revenue growth [1] - Enhanced contributions from high-quality customers and improvements in operational efficiency have further supported revenue growth [1] - The expansion of network economies of scale has also played a role in boosting performance [1]