SF Intra-city (09699.HK) forecasts strong annual revenue and profit growth amid growing demand for immediate delivery Investing.com

HONG KONG, January 20, 2025 /PRNewswire/ – Hangzhou SF Intra-city Industrial Co., Ltd. (“SF Intra-city” or “Group”, Stock Code: 9699.HK), Chinese the third largest provider of on-demand delivery services, is pleased to announce that the Group is expected to achieve profit growth for the year just ended December 31, 2024 (the “Period”), with net profit attributable to owners of the Company andas expected grow by no less than 100% on an annual level, while revenue is expected to grow by at least 25% on an annual level, more precisely, revenues for the second half of the year are expected to grow by no less than 30% on an annual level.

The stable growth of SF Intra-city’s net profit and revenue can be attributed to (a) increased consumption in hospitality and retail in China and the development of the consumption and service sectors, leading to greater demand for on-demand delivery; (b) the rapidly developing on-demand delivery industry and the Company’s rapid growth in the volume of orders for intra-city on-demand delivery services and last-mile delivery services, whereby all business segments of the Company achieve balanced, high-quality, and healthy development; (c) an increase in market share and penetration rate, driven by the Company’s technological innovation and continued improvement in digital intelligence capabilities, and increased and widespread recognition of independent third-party positioning, branding and products and services by its customers; (d) and continuous improvement in the quality and efficiency of the operating base and further exploitation of economies of scale and network effects, which further improved our lean management capabilities and improved efficiency in the use of input and output resources, which led to continuous improvements in gross profit margin and ratio expenses.

While strong recent domestic spending trends and strong holiday sentiment have fueled demand for instant delivery services within the city, there has been significant growth in ceremonial spending such as gift giving and the need for business delivery, including document courier services. According to SF Intra-city, the total amount of orders during Christmas 2024 in all scenarios increased by 81% compared to last year; orders to New Year 2025 increased by 92% compared to the previous year; and order volumes doubled year-on-year in categories including supermarkets, department stores, cosmetics and beverages.

With the Spring Festival approaching, SF Intra-city, as Chinese the largest third-party on-demand delivery platform, will continue to leverage its comprehensive delivery capabilities and commitment to “No-Holiday-During-Spring-Festival” service to unlock greater value.

Looking back over the Period, the Group has firmly entrenched itself in the local lifestyle services industry, proactively identifying and capitalizing on evolving market demands and growth opportunities and remaining steadfast in executing our strategic plans, culminating in favorable business results for the Group. SF Intra-city remains committed to the operating goal of “high-quality and healthy growth” and will actively take advantage of market opportunities through continued penetration of diversified traffic, development of local retail, acceleration of intra-city logistics and expansion of third-party on-demand delivery services. The Group is committed to large-scale expansion, covering various scenarios, providing excellent services and establishing a solid network to increase its medium to long-term revenue and profit potential.

The Group will adapt to the evolving scenarios and consumption patterns of the local lifestyle, while maintaining a focus on our contributions to the core values ​​within the industry and urban operations. The Group will also seek to expand the boundaries of on-demand fulfillment services, improve technological capabilities and collaborate with more business partners, focusing on serving clients, industries and society, creating more flexible revenue opportunities and delivering greater value to clients and shareholders.