HONG KONG, March 12, 2024 /PRNewswire/ — Hangzhou SF Intra-city Industrial Co., Ltd. (Stock Code: 9699.HK), China’s largest third-party on-demand delivery service provider, is pleased to announce that the Group is expected to achieve a turnaround from loss to profit for the year ended 31 December 2023 (the “Period”), and is expected to record net profit from continuing operations not less than approximately RMB60 million.
The profit turnaround achieved by SF Intra-city was mainly attributable to healthy and steady revenue growth, an increase in order density and further enhancement of network economies of scale. Meanwhile, the effective business strategy of the Group has pursued healthy and high-quality development, continuous optimisation of the business and customer structure, and increasing contribution to revenue by premium customers and profitable business lines.
Furthermore, the Group has experienced improvements in operational quality and efficiency driven by technology and lean management, enhancement in resource …