SF Holding's August 2024 Business Update Strong Growth in Revenue

TapTechNews September 18th news, SF Holding today released its August 2024 business operation briefing.

TapTechNews summarizes as follows:

Express logistics business: operating revenue of 16.346 billion yuan (about $2.33 billion), a year-on-year increase of 8.58%; business volume of 1.043 billion tickets, a year-on-year increase of 14.62%; single-ticket revenue of 15.67 yuan, a year-on-year decrease of 5.26%.

Supply chain and international business: operating revenue of 66.35 billion yuan (about $9.45 billion), a year-on-year increase of 27.16%.

Total operating revenue is 229.81 billion yuan (about $32.77 billion), a year-on-year increase of 13.36%.

Among them, benefiting from the increase in international shipping freight rates and stable cargo volume, as well as the increase in international air freight demand, the revenue of SF Holding's international freight and agency business achieved a relatively high year-on-year growth.

The data of the 2024 semi-annual report released by SF Holding on August 29 shows that in the first half of 2024, the revenue was 134.4 billion yuan (about $19.16 billion), a year-on-year increase of 8.1%; the net profit attributable to the parent was 4.81 billion yuan (about $685.71 million), a year-on-year increase of 15.1%; and the net profit after deducting non-recurring gains and losses attributable to the parent was 4.15 billion yuan (about $592.86 million), a year-on-year increase of 11.9%.