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Edge20 Mar 2026
Tetra Pak: The Shape of Innovation
The story of Tetra Pak, the Rausing family, and how a paper tetrahedron gave rise to a company that now delivers almost 180 billion packages a year.
S.F. Holding Co.
S.F. Holding Co. (002352) investor relations material
S.F. Holding Co. H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary30 Mar, 2026
Executive summary
Achieved revenue of RMB 308.2 billion in 2025, up 8.37% year-over-year, with net profit attributable to shareholders of RMB 11.12 billion, up 9.31%.
Business volume reached 16.63 billion parcels, up 25.4% year-over-year, outpacing industry growth.
Maintained leading market position in China and Asia, ranked 393rd in Fortune Global 500, and 6th in Brand Finance global logistics brands.
Continued high investment in technology and digital transformation, with AI and automation driving operational efficiency.
Financial highlights
Gross profit reached RMB 41.05 billion, up 3.63% year-over-year; gross margin at 13.32%, down 0.61 percentage points.
EBITDA was RMB 32.78 billion, up 0.26% year-over-year.
Net profit margin attributable to shareholders was 3.61%, up 0.03 percentage points.
Basic EPS was RMB 2.23, up 5.69% year-over-year.
Total assets at year-end were RMB 2,164.7 billion, up 1.24% year-over-year.
Free cash flow was RMB 17.93 billion, down 19.57% year-over-year.
Outlook and guidance
Strategic focus on balanced growth between scale and profitability, with dual drivers in small and large parcel businesses.
Supply chain business to deepen industry penetration and increase solution revenue share.
International business to accelerate network buildout in Asia-Pacific and enhance global supply chain capabilities.
2026 plan emphasizes scenario-based product innovation, cost control, and digital transformation.
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Next S.F. Holding Co. earnings date
Q1 202629 Apr, 2026
S.F. Holding Co.
Next S.F. Holding Co. earnings date
Q1 202629 Apr, 2026
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