{"id":18535,"date":"2023-05-13T01:00:00","date_gmt":"2023-05-13T01:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4098905_AE98905_0"},"modified":"2023-05-13T01:00:00","modified_gmt":"2023-05-13T01:00:00","slug":"sf-intra-city-is-honoured-to-be-included-in-msci-china-small-cap-index","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=18535","title":{"rendered":"SF Intra-city is Honoured to be Included in MSCI China Small Cap Index"},"content":{"rendered":"<p><span class=\"xn-location\">HONG KONG<\/span>, <span class=\"xn-chron\">May 13, 2023<\/span> \/PRNewswire\/ &#8212; The results of the <span class=\"xn-chron\">May 2023<\/span> Index Review on the MSCI China Small Cap Index have been released. <b>Hangzhou SF Intra-city Industrial Co., Ltd. <\/b>(Stock Code: 9699.HK), the largest third-party on-demand delivery service provider in <span class=\"xn-location\">China<\/span>, will be added to the MSCI China Small Cap Index, effective after the market closes on <span class=\"xn-chron\">31 May 2023<\/span>. It demonstrates that the international capital market has recognized the Group&#8217;s development prospects and industry influence. This will further enhance its popularity in the global investment community.<\/p>\n<p>The MSCI China Small Cap Index is an equity index compiled by MSCI Inc., a leading provider of critical decision support tools and services for the global investment community, for measuring the performance of the small-cap segment of the <span class=\"xn-location\">China<\/span> market. The index, widely recognized by the international financial community and institutional investors, serves as a benchmark for global institutional investors to optimize their investment portfolios. SF Intra-city was included in the MSCI China Small Cap Index according to the results of the <span class=\"xn-chron\">May 2023<\/span> Index Review. This will further enhance its popularity in the global investment community and generate a positive impact on the Group&#8217;s transaction liquidity as well as valuation improvement.<\/p>\n<p>Since its listing on the Main Board of the Hong Kong Stock Exchange in <span class=\"xn-chron\">November 2021<\/span>, SF Intra-city has been committed to optimizing its business structure and profitability, thereby achieving excellent performance. In 2022, the Group demonstrated robust business resilience by steadily expanding its business while continuing to improve its financial performance significantly. Last year, the Group&#8217;s revenue increased significantly by 25.6% to approximately <span class=\"xn-money\">RMB10,265.2 million<\/span>; gross profit recorded more than a threefold increase from approximately <span class=\"xn-money\">RMB94.8 million<\/span> in 2021 to approximately <span class=\"xn-money\">RMB413.4 million<\/span>; gross profit margin substantially increased from 1.2% in 2021 to 4.0%. The scale of intra-city delivery services for merchants maintained healthy growth, achieving a revenue of approximately <span class=\"xn-money\">RMB 4,649.7 million<\/span> for the reporting period, increased 19.8% YoY. Revenue from intra-city delivery to consumers was approximately <span class=\"xn-money\">RMB 1,898.7 million<\/span> for the reporting period, increased by 57.3% YoY. Last-mile delivery service quickly rebounded under the receding impact of pandemic. It recorded a revenue increase of 19.9% to approximately <span class=\"xn-money\">RMB 3,680.4 million<\/span>.<\/p>\n<p>To cooperate with digital transformation and adopt new technologies such as big data and artificial intelligence, the Group is committed to optimizing the network system, realizing efficient real-time order scheduling as well as logistics systems, and developing intelligent distribution networks. Moreover, the Group launched the &#8220;SF lntra-city Delivery Cloud&#8221; SaaS real-time logistics system to provide one-stop intra-city logistics solutions for delivery service providers and brands with self-delivery business. In order to further improve the Group&#8217;s delivery capability and deployment of smart delivery network, it successfully launched the on-demand drone delivery service, providing a new service experience for its customers and the merchants.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HONG KONG, May 13, 2023 \/PRNewswire\/ &#8212; The results of the May 2023 Index Review on the MSCI China Small Cap Index have been released. Hangzhou SF Intra-city Industrial Co., Ltd. (Stock Code: 9699.HK), the largest third-party on-demand delivery service provider in China, will be added to the MSCI China Small Cap Index, effective after [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-18535","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SF Intra-city is Honoured to be Included in MSCI China Small Cap Index - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=18535\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SF Intra-city is Honoured to be Included in MSCI China Small Cap Index - My Blog\" \/>\n<meta property=\"og:description\" content=\"HONG KONG, May 13, 2023 \/PRNewswire\/ &#8212; The results of the May 2023 Index Review on the MSCI China Small Cap Index have been released. 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