S.F. Holding (06936) reported combined revenue of RMB 28.719 billion in September from its express logistics business, supply chain and international business, up 6.34% year on year.

S.F. Holding (06936) announced that the company's express logistics business, supply chain and international business generated combined revenue of RMB 28.719 billion in September 2026, up 6.34% year on year. Among which: (1) In terms of the express logistics business, the company advanced the "Activating Operations" mechanism in 2025, achieving relatively high growth in business volume and driving network capacity enhancement and model optimization. To further optimize its business structure, the company launched an advanced "Activating Operations" mechanism in the third quarter of 2025, upgrading from scale-driven to value-driven, and gradually and dynamically adjusted its market strategy to ensure high-quality business growth. Thanks to the effective implementation of its operating strategy, the company's business structure continued to improve, with revenue per parcel for the express logistics business rising 7.71% year on year, marking seven consecutive months of year-on-year recovery. (2) Revenue from the supply chain and international business grew 28.13% year on year, with the momentum of the second growth curve continuing to be unleashed. The company firmly advances its "Asia's only, global coverage" strategy, leveraging its global service network and rich product portfolio to respond agilely to market changes, actively seize the strategic opportunities presented by Chinese enterprises going global, and drive strong growth in overall supply chain and international business revenue.