SF Holding Reports Solid First Half 2026 Results, Accelerating International Growth and Enhancing Shareholder Returns

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HONG KONG , Aug. 28, 2026 /PRNewswire/ -- S.F. Holding Co., Ltd. ("SF Holding" or "SF" or "the Company", 002352.SZ; 06936.HK), the largest integrated logistics service provider in Asia, announced its financial results for the first half of 2026, with revenue of RMB 155.5 billion. Rising to No. 372 on the 2026 Fortune Global 500 list and securing an upgraded MSCI ESG Rating of "AA", the Company delivered steady growth across its core businesses, with strong momentum in its supply chain and international business, empowered by its digital-intelligence capabilities.

During the first half of 2026, SF delivered resilient domestic business growth, with reinforced competitive advantages across its diverse product offerings. As the second growth engine, the Supply Chain and International business gained accelerating momentum, driven by leading enterprises' pursuit of greater global supply chain resilience and efficiency. Leveraging its global footprint and enhanced supply chain capabilities, SF continues to deepen penetration into leading enterprises' supply chains to empower their global development. Notably, revenue from SF's Supply Chain and International business increased 15.6% year-over-year, with core revenue excluding KLN growing 46.6%, marking a significant acceleration of the Company's second growth engine.

As a commitment to enhancing shareholder returns, the Company has lifted its 2026 interim dividend payout ratio to 45%, up 5 percentage points from 40% for full-year 2025. It also announced an amendment to the Five-Year Shareholder Return Plan (2024-2028), subject to shareholders' general meeting approval. The plan envisages a steady rise in dividend payout ratios, targeting 45% in 2026, 50% in 2027 and no less than 50% in 2028.

Commenting on the results, Alex Ho, Executive Director and Chief Financial Officer, said: "We remained focused on sustainable and healthy development, prioritizing customer value above all. Through seizing global growth opportunities, leveraging lean management and AI-driven efficiency gains across our business lines, and creating long-term value for our customers' global supply chains, we will drive sustainable business growth and deliver enhanced returns to our shareholders."

In the first half of 2026, SF's core domestic businesses delivered steady growth and maintained leading market positions, while ongoing network optimization, resource integration and lean operations further drove efficiency improvements.

Within time-definite express, driven by proactive business-mix optimization, premium time-definite express revenue rose 5.3% year-over-year, outpacing GDP growth. The growth was underpinned by SF's extensive service network, customized services across diverse scenarios and deepening penetrations. In the first half of 2026, the Company served approximately 780 concerts and more than 2,000 exhibitions. In economy express, SF focused on the mid-to-high-end segment, lifting unit revenue by 6% year-over-year.