Core Viewpoint - SF Holding (002352.SZ) reported a total revenue of RMB 24.787 billion for its express logistics, supply chain, and international business in August 2025, representing a year-on-year growth of 7.86% [1] Group 1: Revenue Breakdown - The express logistics business generated revenue of RMB 18.657 billion, showing a year-on-year increase of 14.14% [1] - The business volume for express logistics reached 1.406 billion parcels, reflecting a year-on-year growth of 34.80% [1] - Revenue from supply chain and international business amounted to RMB 6.13 billion [1] Group 2: Growth Drivers - The growth in express logistics revenue and business volume is attributed to the company's continuous enhancement of standard products and comprehensive logistics service capabilities [1] - The company has focused on deepening its presence in various logistics scenarios, including manufacturing and consumer goods, effectively meeting diverse customer logistics needs [1]

Core Viewpoint - SF Holding (002352.SZ) reported a total revenue of RMB 24.787 billion for its express logistics, supply chain, and international business in August 2025, representing a year-on-year growth of 7.86% [1] Group 1: Revenue Breakdown - The express logistics business generated revenue of RMB 18.657 billion, showing a year-on-year increase of 14.14% [1] - The business volume for express logistics reached 1.406 billion parcels, reflecting a year-on-year growth of 34.80% [1] - The supply chain and international business contributed RMB 6.13 billion in revenue [1] Group 2: Business Drivers - The growth in express logistics revenue and business volume is attributed to the company's continuous enhancement of standard products and comprehensive logistics service capabilities [1] - The company has focused on deepening its presence in various logistics scenarios, including manufacturing and consumer goods, effectively meeting diverse customer logistics needs [1]

Core Insights - The company reported a total revenue of RMB 24.847 billion for July 2025, representing a year-on-year growth of 9.95% [2] - The express logistics business revenue grew by 14.97% year-on-year, with a business volume increase of 33.69%, attributed to the implementation of operational strategies and enhanced service capabilities [2] - The international freight market faced demand fluctuations due to international trade volatility, but the company maintained stable volumes in international freight forwarding and saw rapid growth in international express and cross-border e-commerce logistics [2] Revenue Breakdown - Total revenue for express logistics and supply chain & international business combined was RMB 24.847 billion, with express logistics contributing significantly to the growth [2] - Express logistics business revenue growth was driven by increased operational authorizations and incentives, as well as improved service capabilities [2] - International freight market conditions were challenging, with a notable decline in sea freight prices compared to last year, yet the company adapted by leveraging its global network [2]

Core Insights - SF Holding (002352.SZ) reported a total revenue of RMB 24.847 billion for its express logistics, supply chain, and international business in July 2025, representing a year-on-year growth of 9.95% [1] - The express logistics business generated revenue of RMB 18.657 billion, showing a year-on-year increase of 14.97%, with a business volume of 1.377 billion parcels, up 33.69% year-on-year [1] - The growth in the express logistics business is attributed to the company's implementation of activation strategies, increased authorization and incentives for frontline operations, enhanced operational support, and improved standard products and comprehensive logistics service capabilities [1] Revenue Breakdown - Total revenue for express logistics, supply chain, and international business in July 2025 was RMB 24.847 billion, a 9.95% increase from the previous year [1] - Revenue from express logistics alone was RMB 18.657 billion, reflecting a 14.97% year-on-year growth [1] - The business volume for express logistics reached 1.377 billion parcels, marking a significant increase of 33.69% year-on-year [1] Strategic Initiatives - The company has focused on deepening the implementation of activation strategies to drive growth [1] - Increased authorization and incentives for frontline business operations have been a key factor in enhancing performance [1] - Investments in operational support and the strengthening of standard products and comprehensive logistics services have contributed to meeting diverse customer needs [1]