S.F. Holding (Stock Code: 6936) reported third-quarter 2025 revenue of RMB78.40 billion, reflecting an 8.2% year-on-year increase. Net profit attributable to owners of the Company reached RMB2.57 billion for the quarter, narrowing by 8.5% from a year earlier. For the nine months ended September 30, 2025, total revenue was RMB225.26 billion, up 8.9% compared with the same period in 2024, while the corresponding net profit rose 9.1% year-on-year to RMB8.31 billion. The Company attributed the quarterly performance fluctuation to ongoing investments in market expansion and strategic initiatives, including network enhancements and international logistics capabilities.

Management highlighted the continued implementation of the “Stimulate Operation Vitality” strategy, designed to empower frontline operations and boost long-term competitiveness. Domestic express logistics recorded firm growth, while supply chain and international segments saw mixed results due to variability in global freight rates. During the reporting period, proceeds from prior share issuances and convertible bonds were partially allocated to strengthen international routes and expand digital solutions. In addition, the Company adjusted its 2025 first A-share repurchase plan to raise the repurchase ceiling from RMB1 billion to RMB3 billion and extended the implementation period to October 29, 2026. Meanwhile, the Employees “Grow Together” Shareholding Scheme received 200 million A shares from the controlling shareholder, aimed at enhancing mid- to long-term incentives. S.F. Holding’s management anticipates stable net profit in the fourth quarter on a year-on-year basis and continued growth for the full year of 2025.