SF Holding(SZ:002352) Ge Long Hui·2025-10-30 12:19Core Insights - The company reported a total revenue of 225.26 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 8.89% [1] - The net profit for the same period was 8.31 billion yuan, with a year-on-year increase of 9.07%, resulting in a basic earnings per share of 1.67 yuan [1] - In Q3 2025, total revenue reached 78.4 billion yuan, showing an 8.2% year-on-year growth, while total parcel volume increased by 33.4% to 4.31 billion [1] Business Segment Performance - The express logistics segment saw a revenue increase of 14.4% year-on-year, indicating steady business expansion [1] - Conversely, the supply chain and international business segment experienced a revenue decline of 5.3%, primarily due to a significant drop in international freight forwarding revenue influenced by high shipping prices from the previous year [1] - Despite the decline in some areas, international express and cross-border e-commerce logistics revenues grew rapidly [1] Strategic Initiatives - The company has been actively implementing the "Activate Operations" mechanism since 2025, empowering frontline business units with operational authority and incentives to enhance market expansion [2] - Cost-saving benefits are being reinvested into front-end business development, improving the competitiveness of products and services [2] - The company continues to maintain strategic focus amidst a complex market environment, upgrading its operational network and reinforcing high-quality service guarantees [2] Customer Engagement and Market Position - The company has expanded its customer base, with over 2.4 million active monthly billing customers and more than 780 million individual members as of Q3 2025 [2] - The growth in mid-to-high-end time-sensitive service revenue has shown a quarter-on-quarter increase, enhancing customer loyalty through superior service experiences [2]