SF Holding(SZ:002352) Xin Lang Zheng Quan·2025-08-28 15:41Core Viewpoint - SF Holding reported strong performance in the first half of 2025, with significant growth in multiple business metrics and plans for a mid-term dividend of 2.32 billion RMB, reflecting a commitment to sustainable development and shareholder returns [2][5]. Financial Performance - In H1 2025, the company achieved a business volume of 7.85 billion parcels, a year-on-year increase of 25.7%, significantly outpacing the industry average growth rate [2]. - Revenue reached 146.9 billion RMB, up 9.3% year-on-year, with express logistics revenue at 109.3 billion RMB, growing 10.4% [2]. - Net profit attributable to shareholders was 5.74 billion RMB, a 19.4% increase year-on-year, with a net profit margin of 3.9%, up 0.3 percentage points [2]. Business Segment Growth - The express delivery segment saw a revenue growth rate of 6.8%, with a 19% increase in the volume of time-sensitive parcels [3]. - Economic express revenue grew by 14.4%, with a business volume increase of 30%, driven by differentiated product strategies [3][4]. - The company's supply chain and international business revenue increased by 9.7%, despite short-term disruptions from trade policies [5]. Operational Efficiency - The company is focused on cost reduction and efficiency improvement through lean management and structural innovations [6]. - A new employee stock ownership plan was introduced to align employee interests with long-term company growth, covering up to 200 million A-shares, approximately 4% of the total share capital [7]. Strategic Outlook - The company anticipates continued growth in the second half of 2025, leveraging resource collaboration to enhance customer experience [8]. - The international business showed resilience with nearly 10% revenue growth, and the company plans to deepen service coverage in key Asian markets [9].