SF Express Releases Business Short Brief for May
The delivery company's express logistics business revenue increased by 41.46% year-on-year.
On June 18, SF Express (SZ:2532) made (in Chinese) public its business operating conditions from last month. In May, the firm’s express logistics business revenue was CNY 11.45 billion, an increase of 41.46% year-on-year; business volume was 636 million votes, an increase of 83.82% year-on-year; per ticket income was 18.01, down 23.03% year-on-year.
SF Express said that the increase in logistics business arose mainly from timeliness in its services and exclusive offers. And the firm is famous in China for its fast-speed delivery; its market target is middle to high end.
Besides its core business of logistics, its supply chain business revenues increased 28.27% year-on-year, occupying around 4.5% of the total revenue.
According to the monthly statistics released (in Chinese), in the first five months of 2020, SF's monthly revenue totaled CNY 57.30 billion (USD 8.08 billion), more than half of SF's 2019 revenue of CNY 112.19 billion (USD 15.83 billion). This year is a good time for SF to grow its business further.
The three international giants, UPS (NYSE: UPS) FedEx (NYSE: FDX) and DHL (OTCMKTS: DPSGY), generally have revenues of around CNY 500 billion (USD 70.53 billion), stably ranking first camp. SF's operating income in 2019 surpassed Japanese express delivery giant Yamato in revenue, becoming the fourth express delivery company in the world. However, its income still has a considerable gap compared with the first camp.
Previously in April, SF Express launched a new regular charter flight from the US to China to support its international logistics service.