SF Express

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SF Holding Co., Ltd.
Company typePublic
IndustryAir Freight and Logistics
FoundedMarch 26, 1993; 33 years ago (1993-03-26)
FounderWang Wei
Headquarters
Shenzhen, Guangdong
,
China
Area served
Worldwide
ProductsInternational express delivery and logistics services
RevenueUS$ (approx.) 39,500 million (2024)[1]
US$ (approx.) 1,410 million (2024)[1]
Total assetsUS$ (approx.) 29,900 million (2024)[1]
Number of employees
147,189 (2024)[1]
SubsidiariesSF Airlines
SF Supply Chain
SF Technology
SF Intra-city
SF Express (Group) Co., Ltd.
Simplified Chinese顺丰速运（集团）有限公司
Traditional Chinese順豐速運（集團）有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinShùnfēng Sùyùn (Jítuán) Yǒuxiàn Gōngsī
SF Express
Simplified Chinese顺丰速运
Traditional Chinese順豐速運
Transcriptions
Standard Mandarin
Hanyu PinyinShùnfēng Sùyùn

SF Express (Group) Co., Ltd. is a Chinese multinational delivery services and logistics company based in Shenzhen, Guangdong. It is the largest courier in China,[2] and provides domestic and international express delivery. SF Express operates a fleet of cargo aircraft, which are owned by its subsidiary SF Airlines. The parent company of SF Express, SF Holding trades on the Shenzhen Stock Exchange and the Hong Kong Stock Exchange. It is a constituent of SZSE 100 Index.

History

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In the early 1990s, factories in Shunde needed to get samples to Hong Kong–based buyers, but frequently had issues with long shipping delays. To speed up this process, founder Wang Wei established ShunFeng Express as a small courier service with six employees, launching in 1993[3] providing service between Hong Kong and Guangdong Province.[citation needed]

In January 2010, SF Airlines started scheduled cargo services, with 41 aircraft,[citation needed] to provide services such as one-day and next-morning deliveries.[4]

In July 2017, SF Express used backdoor listing to begin trading on the Shenzhen Stock exchange, involving an asset swap with listed company Maanshan Dintai Rare Earth & New Materials Co.[5][6] SF Express was added as a constituent of SZSE 100 Index on 12 June 2017, effective on its first trading day.[7]

SF Express has opened at least 500 Heike[8] (Chinese: 嘿客)—an online shopping service community store—across all Chinese provinces, except for in Tibet and Qinghai. The company had plans to open 4,000 Heike stores nationwide in 2014.[9][10]

In February 2019, SF Express acquired the supply chain operations in China, Hong Kong and Macau from Deutsche Post DHL. Formed a new subsidiary as SF DHL Supply Chain China.[11]

SF Express operates one of the largest networks of self-service locker kiosks in Hong Kong with 939 kiosks as of October 2020.[12]

Since 2016, SF Express has undertaken military-civil fusion agreements with the Logistic Support Department of the Central Military Commission and People's Liberation Army (PLA).[13][14][15] In 2018, it started drone airdrop resupply operations for the PLA's Southern Theater Command.[16]

In 2021, SF Express made a significant investment in partnership with Hubei province to develop Ezhou Huahu cargo-focused Airport.[17] The Ezhou Huahu cargo hub is strategic for SF Express delivery operations for its central location to major cities such as Shanghai, Beijing and Guangzhou, while also being only an hour drive away from Wuhan. The Airport officially opened in 2022 and was renamed Ezhou Huahu International Airport in May 2025.[18]

In 2023, SF Express in partnership with China Railway Express launched a high-speed rail freight dedicated line, strengthening its ground transportation network.[19][20][21]

In November 2024, SF Express parent company SF Holding held a secondary listing on the Hong Kong Stock Exchange.[22] In 2024, SF Express reported growth with a revenue of RMB 284.42 billion, net profit of RMB 10.17 billion, air freight volume of 2.42 million tons, and operated 110 cargo aircraft.[23]

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See also

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References

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