Citi Research: Maintains "Outperform" rating for SF INTRA-CITY (09699), net profit growth in 2024 in line with expectations.

14:01 22/01/2025

CICC is optimistic about the company's third-party positioning and price competition in the custom delivery service industry.

CICC Ceres released a research report stating that SF INTRA-CITY (09699) announced its earnings for 2024, with net profit growth meeting the bank's expectations, and revenue growth exceeding expectations, with an annual growth rate of over 25%. The main drivers of revenue growth include the increase in penetration rate of key accounts (KA) and the continuous network integration with the company, driving growth in last-mile delivery volume. The bank is optimistic about the company's third-party positioning and price competition in the self-scheduled delivery service industry. The bank maintains its "outperform market" rating on the stock.

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