Core Viewpoint - SF Express City (09699) has announced a positive earnings forecast, expecting significant profit growth for the fiscal year 2025, driven by the expansion of the instant retail market and operational efficiencies [1] Group 1: Earnings Forecast - The company anticipates a profit attributable to shareholders of no less than 238 million yuan for 2025, representing a year-on-year increase of over 80% [1] - Adjusted net profit is expected to be no less than 376 million yuan, with a year-on-year growth exceeding 158% [1] - Annual revenue is projected to be no less than 22 billion yuan, reflecting a year-on-year increase of over 40% [1] Group 2: Market Drivers - The growth in performance is primarily attributed to the surge in delivery demand due to the expansion of the instant retail market [1] - The company has seen healthy order growth driven by full-category, all-time service offerings [1] - Operational improvements through lean rider management and digital technology enhancements have contributed to increased scale effects [1] Group 3: Analyst Insights - HSBC's report indicates that the adjusted net profit forecast of 376 million yuan exceeds their expectations [1] - Despite recent market scrutiny of instant retail platforms, HSBC maintains confidence in SF Express City's organic growth [1] - The bank projects a compound annual growth rate (CAGR) of 33% for revenue from 2024 to 2027, compared to a CAGR of 24% from 2021 to 2024 [1]
港股异动 | 顺丰同城(09699)早盘涨超5% 汇丰称公司经调整净利润超预期 对其增长保持信心