Hangzhou SF Intra-city Industrial Co., Ltd. provided unaudited consolidated earnings guidance for the year ended 31 December 2024. For the period, the company expects the profit attributable to owners of the Company for the Year is expected to record a growth of not less than 100% compared to last year; (ii) the Group's revenue for the Year is expected to record a growth of not less than 25% compared to last year. Specifically, the Group 's revenue for the second half of the Year is expected to record a growth of not less than 30% compared to the same period last year.
Such expected positive performance is primarily due to the following: the increase in consumption in the catering and retail industries in China and the development of the consumption and service sectors, leading to a higher demand for on-demand delivery; the on-demand delivery industry is rapidly developing, and the Company is experiencing rapid growth in the order volume of intra-city on-demand delivery services and last-mile delivery services, with all business segments of the Company achieving balanced, high-quality, and healthy development; the increase in market share and penetration rates, driven by the Company's technological innovation and continuous enhancement of digital intelligence capabilities, and the increased and widespread recognition of independent third-party positioning, branding, and products and services by its customers; and continual improvement in the quality and efficiency of the operational base and further leveraging of economies of scale and network effects, which further enhanced lean management capabilities and enhanced efficiency in utilisation of resource input and output, leading to continuous improvements in gross profit margin and expense ratio.
