HK Stock Market Move | S.F. Holding (06936) rose more than 3%. Its subsidiary, Fengyi Drone, announced the opening of a cross-city delivery route between Longhua in Shenzhen and Tangxia in Dongguan.

S.F. Holding (06936) rose more than 3%, closing at a 1.85% increase to HK$46.75, with a transaction amount of HK$41.4953 million. On the news front, on June 17th, Shunfeng's drone logistics company Fengyi Drone announced the opening of cross-city routes between Shunfeng Express and Jizhong Transshipment Center in Longhua District of Shenzhen and Shunfeng's network point in Tangxia, Dongguan. The two cities are more than ten kilometers apart on the ground, with traditional transportation modes taking over 3 hours. Through drone delivery, travel time is only 14 minutes one way, reducing transportation time by over 90%. Fengyi Drone stated that as the route operations mature, they will launch cross-city express delivery services for individuals in the two cities using drones. It is reported that Fengyi Drone is continuously building a low-altitude logistics network centered in Shenzhen covering major cities in the Greater Bay Area of Guangdong, Hong Kong, and Macao. Multiple cross-city routes have already been opened, such as Shenzhen-Dongguan, Shenzhen-Zhongshan, Shenzhen-Zhuhai, and an online cross-city express delivery service for end users, providing efficient and convenient low-altitude logistics services for the vibrant development of the Greater Bay Area economy.