China’s leading courier service company SF Express announced the first annual report after listing on March 11, 2017. Their annual report shows that they have achieved a net profit of RMB4.18 billion yuan in 2016, increasing by 112.51% year on year. They are making a good start just like their name Shunfeng’s meaning “bon voyage”, thanks to their high-end focus strategy. (Chinese source)

According to earnings data in 2016, SF Express processed about 2.8 billion deliveries, an increase of 31.00% and operating income of RMB 57.483 billion, an increase of 19.50% YoY. The net profit after deducting non-recurring gains and losses was RMB 2.6 billion.

To differentiate from other courier services and set the long-term plan, the company strategically targeted the high-end market. SF Express started heavy cargo express, which helped their operating income in 2016 to 2.34 billion yuan, taking the 96% of the market share in that area. Using self-owned aviation resources, SF Express makes time-specific delivery to satisfy customer’s demands.

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Eva Yoo

Eva Yoo is Shanghai-based tech writer. Reach her at evayoo@technode.com