SF Express Tongcheng (09699) announced interim results, net profit of about 349 million yuan, a year-on-year increase of 154.9%

According to the Zhitong Finance App, SF Express Tongcheng (09699) announced its 2026 interim results, achieving revenue of about 11.74 billion yuan, an increase of 14.7% over the previous year. Gross profit was approximately $823 million, an increase of 20.9% over the previous year. Adjusted net profit was approximately $266 million, up 70.8% year on year. Net profit was approximately $349 million, up 154.9% year over year. Basic earnings per share were $0.39.

During the reporting period, the company's financial performance reached a new high. This was due to: (i) demand for takeout and instant retail sales remained resilient, with orders for delivery services in the same city increasing by more than 30% year-on-year during the reporting period; (ii) the unique positioning of a neutral and open third party and full-category service capabilities allowed us to maintain good cooperative relationships with multi-level customers; and (iii) further upgrading of scale effects, optimized investment strategies, lean rider chassis operations and AI technology applications to drive front-end customer acquisition, network operation to back-office investment to increase the overall quality and efficiency. Improvements drive the effective release of profits.