FAR International Holdings Group Company (2516) investor relations material

Executive summary

• H1 revenue rose 82.7% YoY to RMB1,476.6m; net profit was RMB5.7m versus a RMB14.5m loss, and attributable profit was RMB4.9m versus a RMB14.4m loss.

• The 51% acquisition of COPE and Hyperlining expanded U.S. last-mile delivery, trucking and warehousing capabilities.

Financial highlights

• Revenue increased 82.7% to RMB1,476.6m; cost of sales rose 90.0% to RMB1,395.1m.

• Gross profit rose 10.6% to RMB81.5m; gross margin declined to 5.5% from 9.1%, mainly reflecting a higher freight-forwarding mix.

• Profit before tax was RMB6.4m versus a RMB14.8m loss; basic and diluted EPS was RMB0.53 cents versus a loss of RMB1.85 cents.

• Other income, gains and losses was a net loss of RMB1.5m, improved from RMB5.2m; the period included a RMB3.7m gain on disposal of a subsidiary.

• Operating cash flow was RMB20.4m versus RMB237.2m; cash and cash equivalents were RMB570.3m at period-end.

Outlook and guidance

• Cross-border logistics is expected to retain a long-term upward trend despite slower overall growth and near-term tariff pressure.

• Priorities include deeper platform partnerships, expanded service capacity and overseas networks, and selective investment and M&A.

• Strategy targets an AI-driven digital fulfillment core, with AI applications in warehouse scheduling, demand forecasting and dynamic pricing.