On January 21, Guolonghui announced that SF Intra-city (09699.HK) has released an announcement stating that for the year ending December 31, 2024 ("this year"), (i) the profit attributable to the company owners is expected to record growth of no less than 100% compared to last year; (ii) the group's revenue is expected to record growth of no less than 25% compared to last year, of which the group's revenue in the second half of this year is expected to record growth of no less than 30% compared to the same period last year.
The positive performance is mainly due to the following reasons: (a) the growth of consumption in the dining and retail industries driven by the trends in the development of domestic Consumer and service sectors in China increases the demand for instant delivery; (b) the rapid development of the instant delivery industry, with the company's intra-city instant delivery and last mile Order volume both growing rapidly, and all Business categories achieving balanced high-quality healthy development; (c) driven by technological innovation, continuously enhancing intelligent capabilities, independent third-party positioning, branding, and product services are accelerating wide recognition by customers, with market share and penetration rates continuously increasing; and (d) improving the quality and efficiency of the Operation base, further enhancing the scale economy effects of the network, continuously improving lean operation management capabilities, enhancing the resource input-output efficiency, and promoting the continuous improvement of the gross margin and expense ratio.
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