Chinese logistics company SF Express released a briefing on its express delivery and logistics business in November on Sunday evening, showing total revenue over the period of 25.856 billion yuan ($ 4.05 billion), in year-on-year increase of 68.19%.
According to SF Express, the rapid growth is mainly due to a merger of the related business revenues with Kerry Logistics.
Kerry Logistics is an international logistics services provider headquartered in Hong Kong, with an extensive delivery network in China and ASEAN countries. On September 28 of this year, SF Express announced that its wholly owned subsidiary had completed the acquisition of 931 million shares of Kerry Logistics, which represented approximately 51.5% of the issued share capital of Kerry Logistics.
According to industry insiders, SF Express is expected to expand its coverage of overseas business, improve overseas logistics capacity, effectively complement international freight forwarding and customs clearance resources and capabilities. , and further strengthen its competitive advantage in international cross-border freight. Business.
In addition, the report also shows that SF Express’s operating profit in November 2021 was 16.245 billion yuan, up 15.43% year-on-year.
In terms of supply chain and international trade, SF Express’s operating income in November 2021 was 9.611 billion yuan, an increase of 639.31% year-on-year.
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Among them, the supply chain and international operations mainly include the segments of the company’s supply chain and international operations, as well as the integrated logistics and international freight business segments of Kerry Logistics.