S.F. Holding Co., Ltd. (002352) Earnings Call Transcripts

S.F. Holding Co., Ltd.'s Latest Earnings Call - March 30, 2026

In the fiscal year 2025, S.F. Holding Co., Ltd. reported operating revenue of RMB 308.2 billion, reflecting an 8.4% year-over-year growth, while net profit attributable to shareholders reached RMB 1.11 billion, up 9.3%. The company demonstrated strong performance in Q4, with revenue soaring to RMB 83 billion, a 70% increase year-over-year. Management maintained a positive outlook for 2026, signaling continued growth driven by strategic investments and operational enhancements, particularly in the Time Definite Express segment and international expansion efforts.

Reported metrics

Guidance from management

Management expects revenue growth in 2026 to outpace China's GDP growth, driven by operational excellence and strategic investments in high-value segments. They also indicated a focus on maintaining healthy profit margins despite external pressures.

What management said

This concludes our 2025 annual results presentation. Thanks for your attention and participation. The presentation materials are available for review and download on the company's IR website. A kind reminder to all analyst friends, please do not distribute the meeting minutes. We will -- if there is any need, please contact me or the IR team. Thank you all. Thank you very much.

What analysts pressed on

Analysts expressed concerns regarding the impact of rising oil prices on operating costs and how the company plans to manage these costs without passing them onto customers. Additionally, there were questions about the sustainability of recent growth trends in light of global economic uncertainties.

Main topics on the call

• Strong Q4 Performance — S.F. Holding achieved a remarkable 70% year-over-year revenue growth in Q4 2025, reaching RMB 83 billion. This performance exceeded management's expectations, demonstrating effective operational enhancements and strategi...
• International Business Growth — Despite volatile trade policies, international revenue grew by 32% in 2025. Management emphasized the importance of reliable logistics partners amid global uncertainties, indicating a robust strategy for future internati...
• Cost Optimization Initiatives — The company implemented various cost reduction strategies, including optimizing operational models and leveraging AI technologies, resulting in improved margins. Gross margin in Q4 reached 40.3%, marking a recovery from ...
• Shareholder Returns — S.F. Holding increased its dividend payout ratio to 40% and announced a significant share repurchase program, reflecting management's confidence in future performance and commitment to returning value to shareholders.

Read the full S.F. Holding Co., Ltd. transcript (March 30, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 2 S.F. Holding Co., Ltd. earnings call transcripts on record, spanning March 28, 2025 to March 30, 2026. The most recent call on file is dated March 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

002352

Exchange

SZSE

Country

CN

Sector

Industrials

Industry

Air Freight and Logistics

Calls on record

2

First call

March 28, 2025

Most recent

March 30, 2026