顺丰控股：公司对外担保余额为人民币438亿元

Group 1 - The core point of the article is that SF Holding (SZ 002352) announced its external guarantee balance and financial performance, highlighting significant reliance on logistics revenue and a substantial amount of external guarantees [1] Group 2 - As of the announcement date, the company's external guarantee balance is RMB 43.8 billion, accounting for 48% of the audited net assets for the fiscal year 2024 [1] - The total approved external guarantee limit is RMB 108.1 billion, with 97% of this amount guaranteed for subsidiaries and 3% for equity investees outside the consolidated financial statements [1] - For the first half of 2025, the revenue composition of SF Holding shows that express logistics accounts for 97.73% while other non-logistics businesses account for 2.27% [1] - The current market capitalization of SF Holding is RMB 191.9 billion [1]