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][5]. Financial Performance - 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][5]. - Adjusted net profit is expected to be no less than 376 million yuan, reflecting a year-on-year growth of over 158% [1][5]. - Annual revenue is projected to be no less than 22 billion yuan, with a year-on-year increase of over 40% [1][5]. Market Insights - The growth in performance is attributed to a surge in delivery demand due to the expansion of the instant retail market, healthy order growth driven by full-category and all-time service offerings, and enhanced operational efficiency through lean rider operations and digital technology [1][5]. - HSBC's report indicates that the adjusted net profit forecast exceeds their expectations, maintaining confidence in SF Express City's organic growth despite recent market scrutiny of instant retail platforms [1][5]. - 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][5].
顺丰同城早盘涨超4% 汇丰称公司经调整净利润超预期对其增长保持信心