Hangzhou SF Intra-city Industrial (HKG:9699) expects a profit growth of about 100% for 2024, compared with the corresponding period of the previous year, according to a Tuesday filing with the Hong Kong bourse.
The company attributed the expected growth in profit to the rising demand for on-demand delivery in China, driven by consumption growth, technological innovation, customer recognition, and operational efficiency, fuels market share, profitability, and balanced development across all segments.
The China-based intra-city on-demand delivery services plan to publish their result by the end of March.
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