#China #Hangzhou #Technology #delivery services #SF Intra-city

SF Intra-city Reports Impressive Financial Growth

In the rapidly evolving world of on-demand delivery services, SF Intra-city has emerged as a frontrunner. With its recent financial results for the year ending December 31, 2025, the company reported an extraordinary revenue of RMB 22.9 billion, marking a remarkable 45.4% increase compared to the previous year. This surge in revenue is a testament to the company’s strategic focus on leveraging technological innovations and enhancing operational efficiencies.

The gross profit for the period reached RMB 1.44 billion, reflecting a healthy gross profit margin of 6.3%. More impressively, the company's net profit nearly doubled, reaching RMB 277.7 million, showing a year-on-year growth of 109.7%. The adjusted net profit, recognized under non-IFRS accounting standards, soared to RMB 414.7 million—a staggering increase of 184.3%. This notable performance reiterates the effectiveness of SF Intra-city's operational strategies and market positioning within China's burgeoning on-demand delivery sector.

Factors Driving Growth

SF Intra-city's impressive performance can be attributed to several key factors. Firstly, the company has substantially expanded its active merchant base, which now numbers over 1.12 million—up 72% from the previous year. This growth reflects the increasing demand for efficient delivery solutions among various businesses, bolstered by SF Intra-city’s commitment to technological advancements and customer service optimization.

Moreover, the intra-city delivery services saw their order volume surge by over 55% year-on-year, with revenues climbing to RMB 13.5 billion. Notably, services directed towards merchants contributed significantly, accounting for roughly RMB 10.7 billion of that figure. This growth was not only robust but also indicative of the company’s adaptive strategies that align with the evolving needs of its clients.

Expanding Market Presence

SF Intra-city’s strong leadership in the delivery market is also evidenced by its expanding geographical coverage. The company serves markets across nearly 2,400 cities and counties, including over 1,400 low-tier markets. This strategic expansion helps the company capture additional market share and cater to rural and underserved communities. The revenue from these lower-tier markets has consistently maintained high double-digit growth, with daily order volumes in these regions doubling over the past year.

The diverse service offerings have further solidified SF Intra-city's reputation as a reliable partner for on-demand logistics. They provide innovative delivery services tailored to consumer preferences—from food and retail goods to personal errands and business needs—all under the banners of quality service and punctuality.

Technological Innovations and Future Readiness

In 2025, SF Intra-city launched initiatives that integrated technological innovations in various delivery scenarios, which not only streamlined operations but also enhanced the customer experience. The City Logistics System (CLS) continues to play a crucial role in optimizing business planning and rider management, showcasing the company’s commitment to AI and digital transformation.

The expansion of unmanned vehicle delivery, which now covers 116 cities with over 1,000 operational vehicles, exemplifies the company's forward-thinking approach. This initiative has significantly improved last-mile delivery efficiency, ensuring that SF Intra-city remains competitive as the logistics landscape undergoes rapid technological advancements.

Focus Ahead

Looking into the future, management expresses a strong dedication to sustaining high-quality growth while adapting to market trends such as increased traffic channel diversification and on-demand service penetration. By actively exploring new opportunities in urban logistics and nurturing partnerships across multiple industries, SF Intra-city aims to enhance its service offerings and continue driving innovation within the logistics domain.

The commitment to improving rider welfare, optimizing operational management, and deploying advanced technologies positions SF Intra-city not only as an industry leader but also as a vital contributor to the prosperity of the modern service economy. As consumption models evolve, the company remains poised to adapt and thrive, fulfilling its vision to bring a convenient lifestyle to consumers nationwide.