--- title: "SF Holding's revenue in 2025 is expected to be 308.2 billion: net profit 11.1 billion, cash dividend 2.1 billion" type: "News" locale: "en" url: "https://longbridge.com/en/news/281703128.md" description: "SF Holding (stock code: 002352) released its 2025 financial report, expecting revenue of 308.227 billion yuan, a year-on-year increase of 8.37%. Among them, the revenue from time-sensitive express delivery business is 131.05 billion yuan, the express freight business is 42.13 billion yuan, economic express is 32.05 billion yuan, cold chain and pharmaceutical is 10.61 billion yuan, same-city instant delivery is 12.72 billion yuan, and supply chain and international business is 72.94 billion yuan. Net profit is 11.117 billion yuan, a year-on-year increase of 9.31%. The company will distribute a cash dividend of 2.14 billion yuan" datetime: "2026-04-05T06:55:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281703128.md) - [en](https://longbridge.com/en/news/281703128.md) - [zh-HK](https://longbridge.com/zh-HK/news/281703128.md) --- # SF Holding's revenue in 2025 is expected to be 308.2 billion: net profit 11.1 billion, cash dividend 2.1 billion Leidi Network, Lei Jianping, April 5 SF Holding (stock code: 002352) recently released its financial report for the period ending December 31, 2025. The report shows that SF Holding's revenue for 2025 is 308.227 billion, an increase of 8.37% compared to 284.4 billion in the same period last year. In 2025, SF Holding's express delivery business achieved operating revenue of 131.05 billion, a year-on-year increase of 7.2%; the freight business achieved operating revenue of 42.13 billion, a year-on-year increase of 11.9%. In 2025, SF Holding's economic express delivery business achieved operating revenue of 32.05 billion, a year-on-year increase of 17.6%; the cold chain and pharmaceutical business achieved operating revenue of 10.61 billion, a year-on-year increase of 8.1%. In 2025, SF Holding's same-city instant delivery business achieved operating revenue of 12.72 billion, a year-on-year increase of 43.4%; the company's supply chain and international business achieved operating revenue of 72.94 billion, a year-on-year increase of 3.5%. Net profit for the year is 11.1 billion. In 2025, SF Holding's gross profit was 41 billion, an increase of 3.63% compared to 39.6 billion in the same period last year; SF Holding's gross profit margin for 2025 was 13.3%. In 2025, SF Holding's earnings before interest, taxes, depreciation, and amortization (EBITDA) was 32.78 billion, an increase of 0.26% compared to 32.7 billion in the same period last year SF Holding's net profit for 2025 is 11.117 billion yuan, an increase of 9.31% compared to 10.17 billion yuan in the same period last year; the net profit after deducting non-recurring items is 9.264 billion yuan, an increase of 1.29% compared to 9.146 billion yuan in the same period last year. In the fourth quarter of 2025, SF Holding's revenue was 82.966 billion yuan, with a net profit of 2.8 billion yuan and a net profit of 2.486 billion yuan after deducting non-recurring items. As of December 31, 2025, SF Holding's total assets amounted to 216.5 billion yuan, of which current assets were 91.3 billion yuan and non-current assets were 125.142 billion yuan. As of December 31, 2025, SF Holding's total liabilities were 106.1 billion yuan, of which current liabilities were 72.895 billion yuan and non-current liabilities were 33.25 billion yuan; total equity attributable to shareholders was 110.3 billion yuan. As of December 31, 2025, SF Holding's free cash flow was 17.933 billion yuan, a decrease of 19.57% compared to 22.3 billion yuan in the same period last year. Cash dividend of 2.14 billion yuan SF Holding will distribute a final cash dividend of 4.3 yuan (including tax) for every 10 shares to all shareholders, with no bonus shares (including tax), and no capital reserve will be converted into share capital. SF Holding expects the amount of this final cash dividend to be 2.14 billion yuan. Together with the approximately 2.32 billion yuan already distributed as the interim cash dividend for 2025, the total cash dividend for the year 2025 is expected to be 4.46 billion yuan, accounting for about 40% of the net profit attributable to shareholders of the listed company for 2025. Wang Wei controls 48.85% of the shares As of December 31, 2025, Shenzhen Mingde Holdings Development Co., Ltd. holds 46.87%, HKSCC NOMINEES LIMITED holds 4.76%, SF Holding Co., Ltd. - "Common Growth" Employee Stock Ownership Plan (A shares) holds 3.97%, Hong Kong Central Clearing Limited holds 3.41%, and Shenzhen Weishun Enterprise Management Co., Ltd. holds 1.98%; As of December 31, 2025, the equity structure of SF Holding Ningbo Shunda Fengrun Venture Capital Partnership (Limited Partnership) holds 1.62%, Lin Zheying holds 0.81%, Industrial and Commercial Bank of China Limited - Huatai-PB Hu-Shen 300 Exchange-Traded Fund holds 0.79%; Liu Jilu holds 0.57%, China Construction Bank Corporation - E Fund Hu-Shen 300 Exchange-Traded Fund holds 0.56%. SF Holding founder Wang Wei controls a total of 48.85% of the company's equity. As of September 30, 2025, Shenzhen Mingde Holdings Development Co., Ltd. holds 46.87%, Hong Kong Central Clearing Limited holds 5.15%, HKSCC NOMINEES LIMITED holds 4.76%, SF Holding Co., Ltd. - "Common Growth" Employee Stock Ownership Plan (A shares) holds 3.97%, and Shenzhen Weishun Enterprise Management Co., Ltd. holds 1.98%; As of September 30, 2025, the equity structure of SF Holding Ningbo Shunda Fengrun Venture Capital Partnership (Limited Partnership) holds 1.62%, Industrial and Commercial Bank of China Limited - Huatai-PB Hu-Shen 300 Exchange-Traded Fund holds 0.81%, Lin Zheying holds 0.8%, Liu Jilu holds 0.71%, China Construction Bank Corporation - E Fund Hu-Shen 300 Exchange-Traded Fund holds 0.59% In August 2025, SF Holding stated that to promote the implementation of the shareholding plan, Mingde Holdings had transferred its 200 million A-shares of the company to the "Common Growth" shareholding plan (A-shares) securities account of SF Holding Co., Ltd. opened at China Securities Depository and Clearing Corporation Limited on September 17, 2025. As of Friday's close, SF Holding's stock price was 37.61 yuan, with a market capitalization of 189.5 billion yuan. —————————————— ### Related Stocks - [09699.HK](https://longbridge.com/en/quote/09699.HK.md) - [159662.CN](https://longbridge.com/en/quote/159662.CN.md) - [516910.CN](https://longbridge.com/en/quote/516910.CN.md) - [159666.CN](https://longbridge.com/en/quote/159666.CN.md) - [002352.CN](https://longbridge.com/en/quote/002352.CN.md) - [516530.CN](https://longbridge.com/en/quote/516530.CN.md) - [06936.HK](https://longbridge.com/en/quote/06936.HK.md) ## Related News & Research - [S.F. Holding’s Same-City Unit Invests RMB 213 Million in Logistics-Focused Venture Fund](https://longbridge.com/en/news/285737354.md) - [17:39 ETEVA Air Wins SKYTRAX 5-Star Airline Certification 11th Year in a Row](https://longbridge.com/en/news/286822574.md) - [BNSF Honors America’s 250th with Three Commemorative Locomotives](https://longbridge.com/en/news/286441456.md) - [S.F. Holding reports strong shareholder turnout at 2025 AGM](https://longbridge.com/en/news/285735353.md) - [J&T Global Express Shareholders Back S.F. Holding Deal and Governance Changes](https://longbridge.com/en/news/283515568.md)