SF Holding(SZ:002352) Sou Hu Cai Jing·2025-12-19 14:33Core Viewpoint - SF Holding (002352) reported a decline in stock price and provided an operational update for November 2025, indicating growth in express logistics revenue but a decrease in single ticket revenue [1] Group 1: Stock Performance - As of December 19, 2025, SF Holding's stock closed at 37.85 yuan, down 0.89% from the previous trading day [1] - The stock opened at 38.2 yuan, reached a high of 38.37 yuan, and a low of 37.85 yuan, with a trading volume of 10.98 billion yuan and a turnover rate of 0.6% [1] Group 2: Operational Performance - In November 2025, the express logistics business generated revenue of 20.66 billion yuan, reflecting a year-on-year increase of 9.88% [1] - The total business volume reached 1.534 billion tickets, up 20.13% year-on-year [1] - The average revenue per ticket was 13.47 yuan, showing a decline of 8.49% compared to the previous year [1] - Supply chain and international business revenue amounted to 6.513 billion yuan, marking a year-on-year growth of 1.86% [1] - Overall revenue for the month totaled 27.173 billion yuan, representing a year-on-year increase of 7.85% [1] Group 3: Business Insights - The international freight forwarding business was impacted by a decline in sea freight prices, although the volume remained stable [1] - Revenue from international express and cross-border e-commerce logistics experienced rapid year-on-year growth [1] - The data provided is unaudited and may differ from final reports [1]