SF Holdings: In March, the revenue of express delivery logistics business was 18.019 billion yuan, an increase of 0.68% year-on-year.

In the announcement of SF Holdings, the revenue from express logistics business in March 2026 was 18.019 billion yuan, an increase of 0.68% year-on-year; the revenue from supply chain and international business was 6.283 billion yuan, an increase of 9.00% year-on-year. The revenue growth of express logistics business is mainly due to the steady growth in high-end time-sensitive business revenue, with a year-on-year increase of 4.20% in single ticket revenue. The growth in revenue from supply chain and international business is mainly driven by the strong growth in international express and cross-border e-commerce logistics, as well as international supply chain business.