Analysis of SF City Rush's 3C Electronics Business and Market Share

Based on my research and analysis,

[1][2].

SF City Rush adopts a

with services covering multiple categories[2]:

Scenario Category	Key Categories
Food Delivery	Catering, Beverages, Tea Drinks
Intra-City Retail	Supermarkets & Convenience Stores, Beauty, Pharmaceuticals, Mother & Baby Products
Proximity E-Commerce	Fresh Produce, Cakes & Flowers, Digital Products
Proximity Services	Personal Errands, Lifestyle Services, Corporate Services

Among these,

, and the company explicitly defines “digital 3C” (computers, communications, and consumer electronics) as one of its service categories in its prospectus[3].

1. Top Brand Partnerships
   : Well-known brands such as Apple, Huawei, Xiaomi, and Midea have driven rapid growth in core categories including 3C home appliances by continuously investing in the instant retail ecosystem[4]

2. Customized Solutions
   : SF City Rush can develop differentiated solutions for vertical categories such as
   supermarkets & convenience stores, fresh produce, and 3C home appliances
   [4]

3. Market Share
   : In 2020, SF City Rush held a
   64.4% market share
   in 3C electronics delivery within the intra-city instant delivery industry, ranking as an industry leader[5]

4. Growth Trends
   : In 2024, revenue from tea drink delivery increased by 73% year-on-year, while categories such as supermarkets & convenience stores, beauty, pharmaceuticals, and mother & baby products achieved high double-digit growth; the 3C category is also an important growth driver[2]

SF City Rush does not separately disclose specific revenue or order proportions for the 3C electronics category, which may be due to the following reasons:

• The company operates under a full-scenario model and does not disclose revenue breakdowns by individual category
• The 3C business overlaps with other scenarios such as instant retail and proximity e-commerce

To obtain more detailed category proportion data, it is recommended to:

1. Contact SF City Rush’s Investor Relations department directly
2. Follow the company’s subsequent performance briefings or investor communication activities
3. Review the business analysis sections in the company’s annual and interim reports

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[1] SF City Rush 2024 Annual Report
[2] SF City Rush (09699.HK) Research Report
[3] SF City Rush Prospectus
[4] SF Holding 2025 Interim Report
[5] Industry Research Report Data