S.F. Holding's Courier Business Revenue Increases 3.8% YoY in February

S.F. Holding Co Ltd reported a 3.8% YoY increase in February courier business revenue to 13.1 billion yuan ($1.81 billion). The company did not provide further details on the revenue growth. The announcement was made by the company's Beijing Newsroom.

In a recent announcement, S.F. Holding Co Ltd (SFH), a leading logistics services provider in China and internationally, reported a notable 3.8% year-on-year (YoY) increase in its February courier business revenue. The Beijing-based company did not disclose any further details regarding the revenue growth [1].

SFH, with a market capitalization of HKD 153.12 billion ($19.72 billion) [2], operates through various segments, including time-definite express, economy express, freight, cold chain and pharmaceutical, intra-city on-demand delivery, international express, international freight and freight forwarding, and supply chain [2]. The company offers a range of services, including courier, international freight forwarding, domestic and international express services, technical maintenance and development, cargo transportation, freight forwarding, and value-added telecommunication services [2].

SFH's strong financial performance in February comes amidst a backdrop of increasing demand for logistics services in China. According to a report by Statista, the courier, express, and parcel (CEP) market in China is projected to grow at a compound annual growth rate (CAGR) of 14.3% from 2021 to 2025, reaching a market size of $113.1 billion [3].

Moreover, SFH's stable share price and low volatility over the past 3 months compared to the Hong Kong market [2] indicate investor confidence in the company's financial performance and growth prospects.

In conclusion, S.F. Holding Co Ltd's robust 3.8% YoY growth in February courier business revenue is a testament to the company's strong financial position and its ability to capitalize on the growing demand for logistics services in China.

References:

[1] S.F. Holding Co Ltd. (2023, March 19). S.F. Holding Co Ltd Announces 3.8% YoY Increase in February Courier Business Revenue. Retrieved from https://money.finance.sina.com.cn/corp/view/vCB_AllBulletinDetail.php?id=7938126&stockid=002352

[2] SimplyWall St. (n.d.). S.F. Holding Co Ltd. Retrieved from https://simplywall.st/stocks/hk/transportation/hkg-6936/sf-holding-shares

[3] Statista. (2021, October 29). Size of the courier, express, and parcel (CEP) market in China from 2016 to 2025. Retrieved from https://www.statista.com/statistics/111426/size-of-the-cep-market-in-china/