as declared in
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BEIJING – Chinese delivery giant SF Holding on Monday announced that its net profit in 2016 rose 112.5 percent as strong e-commerce drove demand for express deliveries.
All of China’s top five courier services — STO Express, YTO Express, ZTO Express, Shanghai Yunda Express and SF Express — are now listed on stock markets.
SF Express, founded in 1993 in Guangdong province, is one of the largest private express logistics firms in China.
In its first annual report released after it went public late last month, SF Holding said its net income reached 4.18 billion yuan ($605.4 million) last year.
SF Express went public on Feb 24 on the Shenzhen Stock Exchange through a reverse merger with listed company Dingtai, which announced a name change to SF Holding the same day.
collected by :Victor Alphen