SF Holding: Total revenue from express logistics, supply chain and international business in February was 17.265 billion yuan, down 1.8% year-on-year

According to an announcement recently released by SF Holding, the company’s total operating income from express logistics business, supply chain and international business in February was 17.265 billion yuan, a year-on-year decrease of 1.80%.

Due to the dislocation of the traditional off-season Spring Festival holiday (Note from this site: The 2024 Spring Festival holiday will be from February 10 to February 17, the 2023 Spring Festival holiday is from January 21 to January 27), and the business data in February are not comparable during the same period. Judging from the cumulative data from January to February, the company's express logistics business, supply chain and international business total revenue increased by 7.64% year-on-year, excluding Fengwang, which increased by 8.79% year-on-year.

Among them, the cumulative revenue of express logistics business (excluding Fengwang) from January to February increased by 9.34% year-on-year, and the business volume increased by 9.34% year-on-year. Growth of 14.52%; Cumulative revenue from supply chain and international business from January to February increased by 6.94% year-on-year, mainly due to the gradual stabilization of international air and sea transportation demand and freight rates, as well as the company's deepening of business integration and continuous development of the supply chain and international markets.

• Express logistics services mainly include time-sensitive express delivery, economic express delivery, express delivery, cold transport, medicine and intra-city express delivery. It is worth noting that the Fengwang business in the economic express sector was successfully transferred in June 2023.

• Supply chain and international business: It mainly includes international express delivery, international freight and agency, and supply chain business segments.

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