HONG
KONG, July 23, 2024 /PRNewswire/ -- Hangzhou
SF Intra-city Industrial Co., Ltd. (Stock Code: 9699.HK),
China's largest third-party
on-demand delivery service provider, is pleased to announce that
the Group recorded a continuous increase in its net profit for the
six months ended 30 June 2024 (the
"Period"), with a net profit attributable to the owners of the
Company of not less than approximately RMB
55 million, representing an increase of more than
approximately 80% from the same period of last year.
The continuous net profit growth achieved by SF Intra-city was
mainly attributable to the Group's adherence to its business goal
of healthy and high-quality growth, with order volume increasing by
over 30% as compared to that of the same period of last year, which
expanded its revenue, improved the business structure, and further
leveraged economies of scale and network effect. Driven by
technologies and lean management, the Group enhanced its operating
quality and efficiency, improved operating performance and
maintained its gross profit margin and expense ratio at a healthy
level, which facilitated the improvement in its profitability.
The Group recorded steady business growth, primarily
attributable to a multi-scenario business model that led to
increased order density and optimized business structure. By
leveraging economies of scale and network effects, the Group
attracted high-value orders with differentiated services. It
adopted technologies to drive comprehensive planning and
deployment, optimized delivery network efficiency, and pursued
continuous management streamlining to improve operation quality.
Additionally, the Group focused on enhancing resource utilization
to boost efficiency and productivity.
SF Intra-city will actively seize market opportunities through
the continuous 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 enhance its
medium- to long-term revenue and profit potential. Additionally,
the Group will adapt to evolving consumer trends by focusing on
serving customers, industries, and society, creating more flexible
income opportunities, and delivering broader value to our customers
and shareholders.
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SOURCE SF Intra-city