SF Holding Announces 2025 Annual Results, Delivering Record Profitability and Enhanced Shareholder Returns

• Total revenue surpassed RMB 300 billion for the first time in the Company's history, reaching RMB 308.2 billion, up 8.4% year-over-year • Net profit attributable to owners of the Company reached a record high of RMB 11.1 billion, up 9.3% year-over-year • The Board proposed a dividend payout ratio of 40%; plans to double the cap of its existing A-share repurchase program to RMB 6.0 billion and launch an H-share repurchase program with a cap of HK$500 million HONG KONG, March 31, 2026 /PRNewswire/ -- S.F. Holding Co., Ltd. ('SF Holding' or 'SF' or 'the Company', 002352.SZ; 06936.HK), the largest integrated logistics service provider in Asia and the fourth largest globally, has announced 2025 annual financial results, demonstrating industry-leading supply chain capabilities and strong growth in revenue across all business segments. Full-year revenue surpassed RMB 300 billion for the first time in the Company's history, marking a new milestone in SF Holding's three-decade journey as Asia's leading integrated logistics provider. Despite global economic fluctuations, SF Holding capitalized on China's industrial upgrading and the momentum of enterprises going global with its diversified supply chain footprint. The Company's performance reflects its operational resilience and its ability to turn external challenges into strategic opportunities. Commenting on the Company's 2025 results, Mr. Alex Ho, SF Holding's Executive Director and Chief Financial Officer, said: "Every transformative leap has been born of our steadfast commitment to unchanging principles, our forward-looking strategic vision, and our unceasing determination to innovate and evolve. 2025 was a banner year for SF Holding. We made strategic investments to build sustained competitiveness, while dynamically optimizing our business mix and enhancing operational efficiency, thereby ensuring solid delivery of full-year results. We remain unwavering in our commitment to putting customers first, continuously renewing ourselves through innovation, and maintaining discipline in executing our enduring strategy—principles that have guided us through thirty-three years of transformation." Domestic Business Domestically, the Company recorded total parcel volume exceeding 16.6 billion, representing 25.4% year-over-year growth and outpacing the overall express delivery industry. SF Holding's core business segments each delivered solid progress. The time-definite express business sustained sector-leading momentum, with revenue growth exceeding China's GDP growth rate, driven by the Company's strategy of "scenario-based products and personalized services" that transcends traditional service boundaries to address evolving needs across diverse sectors. The economy express segment delivered robust growth throughout the year, outpacing the industry average growth while refining its pricing strategy for enhanced profitability. The freight segment's annual shipment tonnage achieved over 27% year-on-year growth, securing leading performance in both scale and growth momentum across the industry. The intra-city on-demand delivery business benefited from expansion of the on-demand retail industry and rising market demand, with segment net profit doubling year-over-year to reach a record high. Supply Chain and International Business The Company's supply chain and international business achieved RMB 72.9 billion in revenue, a 3.5% increase, with growth tempered by fluctuating ocean freight rates weighing on the freight forwarding business of KLN. Excluding KLN, the Company's core supply chain and international revenue grew 32.3% year-over-year, with growth momentum accelerating in the second half of the year. SF Holding provides comprehensive, end-to-end supply chain solutions to leading enterprises across industries, combining specialized expertise with intelligent service capabilities spanning domestic and international markets. This growth is fueled by the Company's intensified efforts in penetrating high potential sectors, supported by a dedicated Supply Chain Business Group spanning seven core verticals — high-tech, industrial equipment, automotive, consumer goods, retail food, retail and catering, and life sciences. The Company successfully capitalized on enterprises' accelerating globalization, deepening its global network and expanding overseas warehousing capacity to support end-to-end cross-border supply chain needs. Advancing Technology, Digitalization Operations SF Holding integrates advanced technologies and end-to-end digital transformation across its operations to enhance operational efficiency and reduce costs. By delivering fully connected, intelligent supply chain solutions, the Company empowers clients with comprehensive digital services and establishes itself as a trusted strategic partner for shared value creation. ESG Recognition In March 2026, SF Holding's MSCI ESG rating was upgraded to AA, ranking first among