S.F. Holding (6936) disclosed that total revenue from express logistics services, supply chain, and international business reached RMB 27.007 billion in September 2025, reflecting an 8.78% increase year-on-year. According to the official announcement, the express logistics segment contributed RMB 20.854 billion, marking a 14.21% rise over the same period last year. This growth was largely propelled by a 31.81% surge in parcel volume. The average revenue per parcel declined, which the announcement attributed to a broader product offering and diversified service scenarios in manufacturing and daily life.

The supply chain and international division generated RMB 6.153 billion, representing a 6.30% drop year-on-year. The announcement cited softer freight rates and global trade volatility as factors affecting the international freight forwarding segment. Despite these market pressures, volumes remained resilient, and international express and cross-border e-commerce logistics registered solid expansion, aided by a diversified business portfolio and strategic global network deployment.