HONG KONG, July 23, 2024 /PRNewswire/ -- Hangzhou Shunfeng Courier Company Limited, China's largest third-party real-time delivery service provider (Stock code: 9699.HK), announced that the group expects to continue to increase net profit for the six months ending June 30, 2024, and the net profit attributable to the company's owners is expected to be no less than approximately RMB 55 million, representing an increase of more than 80% over the same period last year.
Shunfeng Same-day Delivery has achieved steady growth in net profit, mainly due to its focus on healthy and high-quality development objectives. Order volume has grown by more than 30% compared to the same period last year, resulting in an increase in revenue and improvement in business structure, further enhancing economies of scale and network effects. Technology and lean management have also driven operational improvement, with gross margin and expense ratios maintained at a good level, boosting the group's profitability.
All businesses of the Group have continued to grow steadily in the first half of the year, and with a full-scenario business model, the Group has continuously increased order density and optimized business structure, promoting business integration. At the same time, the Group's economies of scale and network effects have been further released, attracting high-value orders with differentiated services. Technology drives overall coordinated scheduling and optimizes the efficiency of transportation networks, while continuous fine management improves operation quality, all contributing to the continuous improvement of profitability. Shunfeng Same-day Delivery stated that it will actively seize the opportunities brought about by the trend of diversified traffic, local retail development, accelerated same-city logistics, and continuous penetration of third-party real-time delivery services, and will firmly invest in enlarging the scale, broadening the scenes, improving the services, and building a solid network to enhance medium-to-long-term revenue and profit capabilities. The Group will respond to constantly changing consumer trends, focus on serving customers, industries, and society, create more flexible employment opportunities, and bring broader value creation to shareholders and customers.
Shunfeng Same-day Delivery expressed that it will actively seize the opportunities brought about by the trend of diversified traffic, local retail development, accelerated same-city logistics, and continuous penetration of third-party real-time delivery services, and will firmly invest in enlarging the scale, broadening the scenes, improving the services, and building a solid network to enhance medium-to-long-term revenue and profit capabilities. The Group will respond to constantly changing consumer trends, focus on serving customers, industries, and society, create more flexible employment opportunities, and bring broader value creation to shareholders and customers.