S.F. Holding Posts Modest March Revenue Growth on Value-Driven Logistics Mix

S.F. Holding Co., Ltd. Class H ( (HK:6936) ) has provided an announcement.

S.F. Holding reported combined March 2026 revenue of RMB24.302 billion from its express logistics and supply chain and international businesses, up 2.71% year on year. Express logistics revenue rose slightly to RMB18.019 billion despite a 3.40% decline in parcel volume, as revenue per parcel increased 4.20%, reflecting the company’s shift from scale-driven to value-driven growth and stronger performance in mid- to high-end time-definite services.

Revenue from supply chain and international operations grew 9.00% to RMB6.283 billion, as S.F. Holding leveraged its global network and diversified product portfolio to capture opportunities from the overseas expansion of Chinese enterprises. While volatility in ocean freight rates weighed on international freight forwarding, the group saw robust gains in international express, cross-border e-commerce logistics, and international supply chain businesses, underscoring its resilience amid an uncertain external environment.

The most recent analyst rating on (HK:6936) stock is a Buy with a HK$48.00 price target. To see the full list of analyst forecasts on S.F. Holding Co., Ltd. Class H stock, see the HK:6936 Stock Forecast page.

More about S.F. Holding Co., Ltd. Class H

S.F. Holding Co., Ltd. is a leading Chinese logistics group operating express logistics, supply chain, and international delivery services. Its core businesses span time-definite and economy express, freight, cold chain and pharmaceutical logistics, intra-city on-demand delivery, as well as international express, freight forwarding, and integrated supply chain solutions, serving both domestic and cross-border trade flows.

Average Trading Volume: 2,061,915

Technical Sentiment Signal: Buy

Current Market Cap: HK$206.9B

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