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On February 9, 2018, SF Holding invested RMB 45.9 billion to participate in the investment and construction of Ezhou Airport.<ref>{{Cite web |title=顺丰机场获国务院中央军委批复，投资370亿落地湖北鄂州 |url=https://www.guancha.cn/economy/2018_02_25_447986.shtml |access-date=2025-01-09 |website=www.guancha.cn}}</ref><ref>{{Cite web |date=2018-02-25 |title=順豐快遞機場獲批 投資459億落戶湖北 |url=https://hk.news.yahoo.com/%E9%A0%86%E8%B1%90%E5%BF%AB%E9%81%9E%E6%A9%9F%E5%A0%B4%E7%8D%B2%E6%89%B9-%E6%8A%95%E8%B3%87459%E5%84%84%E8%90%BD%E6%88%B6%E6%B9%96%E5%8C%97-140200671.html |access-date=2025-01-09 |website=Yahoo News |language=zh-Hant-HK}}</ref> On February 9, 2018, SF Holding invested RMB 45.9 billion to participate in the investment and construction of Ezhou Airport.<ref>{{Cite web |title=顺丰机场获国务院中央军委批复，投资370亿落地湖北鄂州 |url=https://www.guancha.cn/economy/2018_02_25_447986.shtml |access-date=2025-01-09 |website=www.guancha.cn}}</ref><ref>{{Cite web |date=2018-02-25 |title=順豐快遞機場獲批 投資459億落戶湖北 |url=https://hk.news.yahoo.com/%E9%A0%86%E8%B1%90%E5%BF%AB%E9%81%9E%E6%A9%9F%E5%A0%B4%E7%8D%B2%E6%89%B9-%E6%8A%95%E8%B3%87459%E5%84%84%E8%90%BD%E6%88%B6%E6%B9%96%E5%8C%97-140200671.html |access-date=2025-01-09 |website=Yahoo News |language=zh-Hant-HK}}</ref>


In July 2018, SF Holding completed the acquisition of a 75% stake in HAVI China Holding LLC, planning to expand its cold chain logistics business in Mainland China, Hong Kong and Macau. In the same year, it completed the acquisition of Guangdong Xinbang Logistics Co., Ltd. and related express business assets, and established " SX Freight ", an independent franchise model LTL freight company. In July 2018, SF Holding completed the acquisition of a 75% stake in HAVI China Holding LLC, planning to expand its cold chain logistics business in Mainland China, Hong Kong and Macau. In the same year, it completed the acquisition of Guangdong Xinbang Logistics Co., Ltd. and related express business assets, and established " SX Freight ", an independent franchise model LTL freight company.<ref>{{Cite web |title=55亿元！顺丰收购德国邮政敦豪集团在华供应链业务_10%公司_澎湃新闻-The Paper |url=https://m.thepaper.cn/wifiKey_detail.jsp?contid=2568917&from=wifiKey# |access-date=2025-01-09 |website=m.thepaper.cn}}</ref><ref>{{Cite web |last=中時新聞網 |date=2018-10-28 |title=順豐收購DHL陸港澳業務 - 全球財經 |url=https://www.chinatimes.com/newspapers/20181028000214-260203?chdtv |access-date=2025-01-09 |website=中時新聞網 |language=zh-TW}}</ref>


== References == == References ==

Revision as of 06:13, 9 January 2025

Chinese multinationla logistic holding company

SF Holding Co., Limited is a Chinese multinational integrated logistics service provider headquartered in Shenzhen, Guangdong Province offering a wide range of services, including express, freight, cold chain logistics, Intra-city on-demand delivery, supply chain solutions, and international logistics. Its business covers 339 prefecture-level cities across China and operates in over 200 countries. It owns 99 cargo aircraft and over 200,000 vehicles, making it the largest air and land transport fleet in Asia. It owns SF Airlines the largest cargo airline in China.

SF Holding's business model includes direct operations, integrated capabilities, and third-party independence. It is listed on Shenzhen Stock Exchange and is included in the CSI 300 and MSCI Emerging Markets Index constituents. It has four listed companies: Kerry Logistics, SF Intra-city, SF REIT and Kerry Express Thailand (KEX). In 2023, it recorded a net profit of RMB 8.2 billion.

History

On March 26, 1993, Wang Wei registered "SF Express" in Shunde, Guangdong. It began operation with six employees with focus on express delivery business between Shunde, Lufeng and Hong Kong. In the late 1990s, SF Holding introduced a performance-based salary system that linked couriers' earnings to the number of parcels delivered and freight costs.

In 2002, SF Holding cancelled the franchise system and changed to direct operations. In the same year, it established its headquarters in Futian, Shenzhen. In 2003, the outbreak of SARS led people to avoid shopping in person, accelerating the growth of online shopping and creating a new development opportunity for SF Holding. In the economic depression of that year, SF Holding signed an agreement with Yangtze River Express to charter 5 aircraft.

In 2009, SF Holding founded SF Airlines and purchased two cargo planes becoming the only private express delivery company in China that owned its own aircraft. In 2010, SF Holding expanded its business into Singapore, marking its entry into the international market. By 2012, SF Holding air fleet increased to 30 all-cargo charter flights with over 5000 business locations, more than 150 hubs and over 10,000 operating vehicles and reached a turnover of over RMB 20 billion.

In 2013, SF Holding expanded its business into new divisions such as cold chain and pharmaceutical logistics, and LTL freight, becoming an integrated logistics service provider. By 2015, SF Holding's revenue reached RMB 47.3 billion, up 23.6% year-on-year, and its profit was RMB 1.967 billion, up 80% year-on-year. Its core profit after deducting non-recurring business was RMB 1.623 billion, up 76% year-on-year. Its gross profit margin increased from 17.55% to 20.42%. Its air fleet increased to over 30 all-cargo charter flights, with over 30,000 business locations, over 200 hubs, and more than 15,000 operating vehicles.

On May 23, 2016, SF Express applied for a backdoor listing on the Shenzhen A-share market. Maanshan Dingtai Rare Earth & New Material Co., Ltd. (002352.SZ) announced that it would acquire 100% of SF Holding for RMB 44.3 billion, of which Maanshan Dingtai Rare Earth & New Material Co., Ltd. would pay SF Holding shareholders by issuing 3.95 billion new shares at RMB 10.76 per share. After the transaction is completed, Mingde Holding, controlled by Wang Wei, the founder and CEO of SF Express, would hold 64.58% of the shares of the new company.

It was listed on the Shenzhen Stock Exchange in January 2017. In February of the same year, Maanshan Dingtai Rare Earth & New Material Co., Ltd. was officially renamed SF Holding Co., Limited.

On February 9, 2018, SF Holding invested RMB 45.9 billion to participate in the investment and construction of Ezhou Airport.

In July 2018, SF Holding completed the acquisition of a 75% stake in HAVI China Holding LLC, planning to expand its cold chain logistics business in Mainland China, Hong Kong and Macau. In the same year, it completed the acquisition of Guangdong Xinbang Logistics Co., Ltd. and related express business assets, and established " SX Freight ", an independent franchise model LTL freight company.

References

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