S.F. Holding Co., Ltd. announced its financial results for the first quarter of 2026. The group achieved operating revenue of approximately 74.142 billion yuan, representing a year-on-year increase of 6.14%. Net profit attributable to shareholders of the listed company was about 2.526 billion yuan, up 13.05% compared to the same period last year. After excluding non-recurring gains and losses, net profit reached approximately 2.317 billion yuan, a rise of 17.42%. Basic earnings per share stood at 0.51 yuan. The total volume of parcels handled reached 3.73 billion, growing by 4.9% year-on-year.

In terms of revenue from segmented business segments, the company's express logistics business revenue increased by 5.9% year-on-year. The company continues to strengthen operational guarantees for its high-quality time-definite services, consolidating the competitive advantage of its standardized products and adhering to creating value for customers through superior service. During the reporting period, the company actively capitalized on consumer scenarios such as seasonal gift-giving during the Spring Festival and cultural tourism travel. Leveraging the stable service advantages of its direct-operated network and its scenario-based solution capabilities, it effectively met customers' diverse delivery needs, thereby supporting steady growth in revenue from its mid-to-high-end time-definite services.

Alongside the effective implementation of the company's operational strategies and the ongoing optimization of its business structure, the revenue per ticket for the express logistics business achieved a year-on-year recovery, and the foundation of its core performance continued to solidify. Revenue from the company's supply chain and international business grew by 8.2% year-on-year, with growth momentum continuing to be released. The company is steadfastly advancing its strategy of being the "Sole Asian Player with Global Coverage," continuously strengthening core nodes such as international air, sea, and land trunk line transportation, customs clearance capabilities, and overseas warehouse networks in Asia-Pacific, Europe, and America, thereby steadily building its end-to-end international logistics infrastructure capabilities.

Although uncertainty in the international environment led to fluctuating sea freight prices year-on-year, impacting the revenue growth rate of the company's international freight forwarding business, the company relied on the advantages of its global service network and diverse product portfolio to nimbly respond to market changes. It actively seized the strategic opportunities presented by the restructuring of global supply chains and the overseas expansion of Chinese enterprises, achieving rapid expansion in its international operations. During the reporting period, S.F. Holding's combined revenue from businesses including international express delivery, cross-border e-commerce logistics, overseas warehousing, and international supply chain solutions achieved robust growth. As the company's second growth curve, the international business's proportion of total company revenue continues to increase, establishing it as a new engine for the company's growth.