SF Intra-City Shares Jump Over 7% in Morning Trading After Renewing Three-Year Cooperation Framework Agreement with SF Holding

Stock News11-04 10:40

According to reports, SF INTRA-CITY (09699) saw its shares rise more than 7% in morning trading. As of press time, the stock was up 6.18% at HK$8.07, with a turnover of HK$19.6561 million.

On the news front, on October 26, SF INTRA-CITY announced that it had entered into a 2027-2029 intra-city on-demand delivery service cooperation framework agreement with S.F.Holding Co.,Ltd. (002352), renewing the 2024-2026 intra-city on-demand delivery service cooperation framework agreement. The new agreement is for a term of three years from the effective date.

The announcement also disclosed that the related-party transaction amount for "last-mile" delivery services between the two parties increased from RMB 6.369 billion in 2024 to RMB 9.58 billion in 2025, and had already reached RMB 7.2136 billion in the first nine months of 2026, indicating that the business scale has maintained a steady development trend.

According to a research report released by a securities firm, SF INTRA-CITY, as the largest third-party on-demand delivery platform in China, is benefiting from the rapid growth of the instant retail industry. Its intra-city delivery business is expected to usher in a period of strategic opportunity. Combined with the support of group resources and technology-enabled growth, the firm is optimistic about the company's performance growth.

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