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SF Intra-City reduced losses by over 50% year-over-year in 2022, Increasing benefits from scale effect

HONG KONG, Jan 30, 2023 - (ACN Newswire via SEAPRWire.com) - Hangzhou SF Intra-City Industrial Co., Ltd. ("SF Intra-City" or the "Company", together with its subsidiaries the "Group"; stock code: 9699), the largest third-party on-demand delivery service platform in China(1), announced today that the Group expects the consolidated net loss attributable to the owners of the Company for the year ended 31 December 2022 (the "Year") to decrease by more than 50% compared to the corresponding period of the previous year. These results reflect the increasingly apparent benefits of the Group's diversified service landscape and technology-driven efficiency improvements.During the Year, the Group strived to provide high quality, efficient and stable instant fulfilment services, achieving good revenue growth and enhanced economies of scale and network effects thanks to its efforts to build a healthy and robust business structure and its in-depth cultivation of diversified service scenarios such as delivery in a broad range of sectors, including the food and beverage and retail sectors, its expansion in lower-tier cities and personalised services. Furthermore, the significant improvements in th...

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Legend Capital’s Portfolio Company SF Intra-city Successfully Listed on HKEx

HONG KONG, Dec 16, 2021 - (ACN Newswire via SEAPRWire.com) - On December 14, Legend Capital portfolio company SF Intra-city (09699.HK) successfully listed on the Hong Kong Stock Exchange (HKEx). SF Intra-city issued a total of 131 million shares at an issue price of HK$16.42 per share. The net proceeds from the global offering are approximately HK$2031.3 million.SF Intra-city, the largest all-scenario third-party intracity delivery platform in China, has focused on the field of on-demand delivery services since 2016 and realized independent operations in 2019. It covers various distribution needs in the new consumption industry, including customized and standardized on-demand delivery services to merchants, and errands services to consumers, such as Deliver for Me, Fetch for Me, Purchase for Me and Solve for Me services. Leveraging on the open ecosystem and the intelligent information system integrating smart logistics and data, as well as the efficient transportation networks that covers the entire city, SF Intra-city is keen to meet diversified needs by providing users with on-demand logistics solutions featuring commercial distribution and daily pickup-delivery services.Legend C...