Zhi Tong Cai Jing·2026-02-04 05:56Core Viewpoint - SF Holding (002352) has seen a nearly 5% increase in stock price, attributed to the successful implementation of its "activation operation" mechanism, which has led to a 28.3% year-on-year growth in business volume for the first three quarters of 2025 [1] Group 1: Company Performance - The stock price of SF Holding rose by 4.74%, reaching HKD 36.68, with a trading volume of HKD 112 million [1] - The company is enhancing its operational network and ensuring high-quality service, which supports its operational guarantees [1] - The implementation of the "activation operation" mechanism has begun to show results, contributing to the growth in business volume [1] Group 2: Market Outlook - Guohai Securities indicates that the company's business structure adjustments under the "gain plan" are gradually showing effects, with performance expected to return to a growth trajectory [1] - The valuation of SF Holding is currently at a historical low, suggesting potential for both performance and valuation recovery [1] - The sensitivity of the company's express business and comprehensive logistics layout to economic cycles is highlighted, with expectations of gradual recovery as the domestic economy shows signs of mild recovery [1]