SF Holding Co Ltd Class A

002352: XSHE (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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SF Holding Earnings: Margin Inflection Arrives Earlier Than Expected; Valuation Unchanged

Chelsey Tam

Mar 31, 2026

SF Holding’s fourth-quarter net income rose 10% year on year, exceeding its guidance of flat growth. Net margin rose 10 basis points to 3.4%. Management expects revenue growth in time definite express services (excluding return parcels) to outpace China's GDP growth in 2026.

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SF Holding Co Ltd Class A

SF Holding Earnings: Margin Inflection Arrives Earlier Than Expected; Valuation Unchanged

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