#China #Hangzhou #delivery services #SF Intra-city #Logistics Growth

SF Intra-city Delivers Impressive Results in 1H 2025

In a remarkable display of resilience and strategic growth, SF Intra-city Industrial Co., Ltd. has reported astounding interim financial results for the first half of 2025. As the leading third-party on-demand delivery service provider in China, the company has achieved a staggering 48.8% year-on-year increase in revenue, totaling RMB 10,236 million.

Excellent Financial Performance

The revenue surge is further complemented by an increase in gross profit of 43.8%, reaching RMB 680.8 million, maintaining a solid gross profit margin of 6.7%. Profit attributable to the company's owners saw a dramatic rise of 120.4%, amounting to approximately RMB 137 million. This growth marks a new all-time high for SF Intra-city, showcasing its effective optimization of the customer base and a deeper investment in technology-enhanced management practices.

Key Revenue Streams

Breaking down the revenue figures, orders from intra-city delivery services soared by over 50% year-on-year, contributing to revenue of RMB 5,778.7 million, a 43.1% increase from the previous year. Notably, revenue from merchant-based delivery services experienced a 55.4% growth, driven by increased demand for food delivery and robust promotional activities fostered by partner merchants. Meanwhile, last-mile delivery services also played a key role, achieving revenue figures of RMB 4,457.3 million, reflecting a significant 56.9% increase year-on-year.

Expanding Merchant and Consumer Base

The scale of SF Intra-city’s operations is growing rapidly, with the number of active merchants exceeding 850,000, marking a 55% increase year-on-year. Additionally, the consumer base increased significantly, with over 24.77 million active users recorded within the same time frame. This has allowed the company to effectively respond to diverse market demands, particularly within lower-tier cities, which are now witnessing accelerated growth in service utilization.

Enhancing Operational Efficiency

SF Intra-city has placed strong emphasis on incorporating advanced operational management technology, resulting in 38% improvement in rider productivity over the last year. This increase is partially attributed to the Group's strategic management initiatives, which have also enhanced rider income. This aspect of development is critical not just for the company's growth but in fortifying the livelihood of riders associated with the platform. The company’s welfare system has also been recognized as a benchmark within the industry, as they continue to support riders with a comprehensive range of benefits and care initiatives.

Technological Advancements

In line with digital transformation trends, the Group has strengthened its operational capabilities with a focus on artificial intelligence and automated logistics. The introduction of unmanned delivery vehicles has been steadily integrated into daily operations, with over 300 vehicles deployed across more than 60 cities. This innovative approach enhances operational efficiency and sets the stage for an intelligent logistics network that combines human effort with cutting-edge technology.

Looking Forward

The management team at SF Intra-city is optimistic about the future, committed to continuing the trajectory of sustainable growth and enhancing service quality. They aim to leverage their competitive advantages, expand their service offerings, and optimize their logistics infrastructure coverage. Particularly, they are focused on adapting to emerging consumption patterns and deepening partnerships to shape their response to evolving market demands.

With a dedication to innovation and customer satisfaction, SF Intra-city is well-positioned to not only maintain its industry leadership but also set a new standard for sustainable practices in the logistics sector. The focus remains on efficiency, technology integration, and a robust service apparatus, ensuring they meet and exceed the expectations of consumers and merchants alike as they continue their remarkable growth journey into the future.