SF Holdings: In February, the total revenue of express logistics business, supply chain, and international business was RMB 21.604 billion, an increase of 17.60% year-on-year.

SF Holdings announced that in February 2026, the total revenue of its express logistics business, supply chain, and international business amounted to 21.604 billion RMB, a year-on-year increase of 17.60%. Due to the impact of the Chinese New Year holiday period, the data for February is not directly comparable to the same period last year. If calculated cumulatively for January and February, the revenue increased by 8.55% year-on-year. Specifically, the revenue of the express logistics business increased by 8.57% year-on-year, mainly benefiting from the company's active expansion of the spring festival-related consumer scenes such as sending New Year goods and cultural tourism, relying on stable service advantages and scene-based solutions of the direct-operated network to effectively meet diverse business mailing needs of customers and achieve high-quality revenue growth. The revenue from supply chain and international business increased by 8.49% year-on-year. Leveraging its global network advantages and rich product portfolio, the company responded flexibly to market changes, actively seized new opportunities for enterprise globalization, and maintained fast growth in supply chain business, international express, and cross-border e-commerce logistics business. However, fluctuations in international trade and a slowdown in freight market demand led to a decrease in sea freight prices compared to the same period last year, impacting the revenue growth of the company's international freight agency business.