SF Intra-city Realised Profitability in 2023, Demonstrating High-Quality and Healthy Growth
HONG KONG, March 26, 2024 /PRNewswire/ -- Hangzhou SF Intra-city Industrial Co., Ltd. ("SF Intra-city" or the "Group"; Stock Code: 9699.HK), the largest third-party on-demand delivery service provider in China, announced its audited annual results for the year ended 31 December 2023 (the "Reporting Period"). During the Reporting Period, the Group achieved satisfactory annual result. SF Intra-city's revenue from continuing operations experienced steady growth, increasing by 21.1% to RMB 12,387.4 million, and the total order volume increased by over 30% year-on-year; gross profit recorded a strong year-on-year growth of 93.5% reaching as high as RMB 794.7 million; gross profit margin substantially increased by 2.4 percentage points to 6.4%. The Group's net profit from the continuing operations was RMB64.9 million, and net profit margin substantially improved to 0.5% year-on-year.
- SF Intra-city recorded net cash generated from operating activities of RMB266.3 million for the year of 2023.
- This can be attributed to our multi-scenario business model leading to a growth of order density and optimization of business structure.
- In 2023, the revenue from intra-city delivery service for merchants reached RMB 5,219.7 million, representing a year-on-year growth of 12.3%.
- SF Intra-city rapidly expanded and densified our nationwide delivery network, leading to a growth in business districts and order density.