Misplaced Pages

SF Holding

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.

This is an old revision of this page, as edited by LocomotiveEngine (talk | contribs) at 10:26, 12 January 2025. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Revision as of 10:26, 12 January 2025 by LocomotiveEngine (talk | contribs)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff) Chinese multinational logistics holding company
SF Holding
Company typePublic
Traded asSZSE: 002352

SZSE 100 Component

SEHK: 6936
IndustryAir Freight and Logistics
FoundedMarch 26, 1993; 31 years ago (1993-03-26) in Shunde, Guangdong
FounderWang Wei
HeadquartersShenzhen, Guangdong, China
Area servedWorldwide
ServicesInternational express delivery and logistics services
RevenueDecreaseUS$36,502 million (2023)
Net incomeIncreaseUS$ 1,163 (2023)
SubsidiariesSF Airlines

SF Intra-city

Kerry Logistics

SF Technology

SF Supply Chain
Websitesf.com
Footnotes / references

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.

In 2018, SF Holding acquired Deutsche Post DHL Group (DPDHL) and its supply chain business in Mainland China, Hong Kong and Macau for RMB 5.5 billion. This includes DHL Global Forwarding (Hong Kong) LTD., Ocean Overseas Holdings Limited, and Deutsche Post Beteiligungen Holding GmbH. On February 18, 2019, it was officially renamed SF DHL Supply Chain China.

In 2021, SF REIT was listed on the Main Board of the Hong Kong Stock Exchange. In the same year, SF Holding announced that it would spend RMB 17.56 billion to acquire a 51.8% stake in Kerry Logistics. After the completion of the process, SF Chairman Wang Wei was appointed as Chairman of the Board and Non-Executive Director of Kerry Logistics Network Limited.

In 2021, SF Holding completed a private placement of A shares, raising a total of RMB 20 billion. In December 2021, SF Intra-city completed its listing on the Main Board of the Hong Kong Stock Exchange.

In 2023, SF Holding was shortlisted for the Fortune Global 500. In the same year, it was shortlisted for the top 50 private logistics companies in China as evaluated by the China Federation of Logistics & Purchasing.

In 2023, the Ezhou cargo hub became China's first dedicated air cargo hub. The airport launched 48 domestic cargo routes and 17 international cargo routes, covering Asia and extending to Europe and America, forming an extensive air cargo network.

In September 2023, SF Holding 's sorting and transshipment center located in the Ezhou cargo hub officially began operations.

In May 2024, SF Holding submitted a prospectus for a secondary listing in Hong Kong. In the same year, it passed the hearing of the Hong Kong Stock Exchange on November 10 and planned to be listed on the main board of Hong Kong on November 27. The joint sponsors were Goldman Sachs, Huatai International and JPMorgan Chase, making it the first "A+H" listed company in China's logistics industry.

In December 2024, SF Holding's H shares were included in the Hong Kong Stock Connect.

Business

Express, freight and cold chain

SF Holding focuses on the mid- to high-end express delivery market. The company entered the express freight market in 2013. On June 13, 2017, SF Cold Chain Logistics Co., Ltd. was officially established, becoming the first express logistics company in China to establish a nationwide cold chain logistics network.

Intra-city on-demand delivery

SF Intra-City focuses on on-demand delivery services, with end-to-end instant delivery throughout the city as its core business, providing delivery solutions for merchants, consumers, couriers and partners. With the rise of e-commerce and live streaming in China, it launched on-demand delivery services combined with e-commerce live streaming. The company was listed on the Hong Kong Stock Exchange in 2021 and was included in the Hong Kong Stock Connect in September 2024.

International delivery service

Its international logistics service provides end-to-end international direct mail solutions, including cargo transportation, customs clearance support and logistics tracking functions. This business integrates all-cargo aircraft and flight operation resources, improves transportation and port operation efficiency, and provides services for cross-border e-commerce, international trade and personal delivery. In July 2024, SF International and Amazon Global Store launched a new direct mail service.

International freight forwarding services

Kerry Logistics (00636.HK) can provide faster international logistics services, including full container shipping and international air freight forwarding, providing enterprises with convenient cross-border services, simplifying customs clearance procedures, and making the whole-link logistics tracking of goods clear and transparent.

References

  1. Zhuo, Yong (November 11, 2024). "The first "A+H" share express company! SF Holding passed the listing hearing of the Hong Kong Stock Exchange". STCN. Retrieved January 12, 2025. {{cite news}}: Cite has empty unknown parameter: |1= (help)
  2. Nuoxi, Yuan (November 20, 2024). "SF went public". hket. Retrieved January 12, 2025. {{cite news}}: Text "Wang Wei started with 100,000 yuan, and successfully relied on hard work to turn SF into a 200 billion express kingdom in 30 years" ignored (help)
  3. "案例 ┃ 快递、快运、同城、冷链、国际、仓配等，解读顺丰打造综合物流之路！". www.sohu.com. Retrieved 2025-01-07.
  4. "又一大型"A+H"股即将来袭！「顺丰控股」通过聆讯". 财华网(财华社) (in Simplified Chinese). Retrieved 2025-01-07.
  5. 李姿仪. "Direct all-cargo air route links China's Hubei, Hong Kong". www.chinadaily.com.cn. Retrieved 2025-01-07.
  6. "首家"A+H"股快递公司！顺丰控股通过港交所上市聆讯". www.stcn.com. Retrieved 2025-01-07.
  7. 袁諾曦. "順豐上市｜王衛靠10萬元起家成功靠苦幹 30年將順豐變2000億快遞王國". 香港經濟日報HKET (in Traditional Chinese). Retrieved 2025-01-07.
  8. "拒绝向阿里低头，逆飞航班超南航东航总和，高大上顺丰钟情拼多多？_单票". www.sohu.com. Retrieved 2025-01-07.
  9. 林迅景 (2024-09-30). "《企業強人》致敬順豐速遞？ 10萬6個人起家發跡雷同又巧合". 香港01 (in Chinese (Hong Kong)). Retrieved 2025-01-07.
  10. 袁諾曦. "順豐上市｜王衛靠10萬元起家成功靠苦幹 30年將順豐變2000億快遞王國". 香港經濟日報HKET (in Traditional Chinese). Retrieved 2025-01-07.
  11. 袁諾曦. "順豐上市｜王衛靠10萬元起家成功靠苦幹 30年將順豐變2000億快遞王國". 香港經濟日報HKET (in Traditional Chinese). Retrieved 2025-01-07.
  12. Jeffrey, Rebecca (2022-06-21). "SF Airlines expands freighter fleet to 72 aircraft". Air Cargo News. Retrieved 2025-01-07.
  13. "Courier Giant SF Picks Banks for $3 Billion Hong Kong Listing | SupplyChainBrain". www.supplychainbrain.com. Retrieved 2025-01-07.
  14. "China's largest all-freighter airline sees fleet expand to 50 - Xinhua | English.news.cn". web.archive.org. 2018-12-22. Retrieved 2025-01-07.
  15. "帝国之路：从1993到2018，王卫如何用25年打造出快递之王？". www.sohu.com. Retrieved 2025-01-09.
  16. 界面 (2016-10-12). "中国最赚钱快递公司顺丰借壳鼎泰新材获证监会有条件通过". finance.sina.com.cn. Retrieved 2025-01-09.
  17. ^ 网易 (2016-09-27). "马云最佩服的人：顺丰掌门人王卫，这一次居然把目光放在了这里！". www.163.com. Retrieved 2025-01-09.
  18. "顺丰控股重组更名暨上市仪式今日举行". news.cnstock.com. Retrieved 2025-01-09.
  19. "顺丰控股重组更名暨上市仪式今日举行". news.cnstock.com. Retrieved 2025-01-09.
  20. "顺丰机场获国务院中央军委批复，投资370亿落地湖北鄂州". www.guancha.cn. Retrieved 2025-01-09.
  21. "順豐快遞機場獲批 投資459億落戶湖北". Yahoo News (in Chinese). 2018-02-25. Retrieved 2025-01-09.
  22. "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". m.thepaper.cn. Retrieved 2025-01-09.
  23. 中時新聞網 (2018-10-28). "順豐收購DHL陸港澳業務 - 全球財經". 中時新聞網 (in Chinese (Taiwan)). Retrieved 2025-01-09.
  24. "中国新闻网". m.chinanews.com. Archived from the original on 2025-01-05. Retrieved 2025-01-09.
  25. ^ "順豐完成入主 王衞獲委任嘉里董事會主席 (12:27) - 20211013 - 即時財經新聞". 明報財經網 (in Traditional Chinese). Retrieved 2025-01-09.
  26. "顺丰控股200亿定增落地 重阳等明星机构重金抢筹 - 21世纪经济报道". m.21jingji.com. Retrieved 2025-01-09.
  27. "顺丰控股冲刺港股：年营收2675亿，实控人王卫身价千亿-36氪". 36kr.com. 2025-01-09. Retrieved 2025-01-09.
  28. "S.F. Holding". Fortune. Retrieved 2025-01-09.
  29. "中物联发布2023年度中国物流企业50强、民营物流企业50强 - 第一物流网". www.cn156.com. Retrieved 2025-01-09.
  30. "重塑中国航空货运格局 鄂州花湖机场国内货运航线转场完成_中国湖北_中国网". hb.china.com.cn. Retrieved 2025-01-09.
  31. "Chinese courier giant SF Holding gets regulatory nod for Hong Kong listing". South China Morning Post. 2024-06-03. Retrieved 2025-01-09.
  32. 财华社_财华网_财华社集团. "又一大型"A+H"股即将来袭！「顺丰控股」通过聆讯". 财华网(财华社) (in zhCN). Retrieved 2025-01-09.{{cite web}}: CS1 maint: unrecognized language (link)
  33. MarketScreener (2024-12-23). "SF Holding's H Shares Included in China-Hong Kong Stock Connect Programs; Shares Up 4% - MarketScreener". uk.marketscreener.com. Retrieved 2025-01-09.
  34. "案例 ┃ 快递、快运、同城、冷链、国际、仓配等，解读顺丰打造综合物流之路！". www.sohu.com. Retrieved 2025-01-11.
  35. "顺丰冷运VS京东冷链，争"鲜"的秘诀是什么？ - 第一物流网". www.cn156.com. Retrieved 2025-01-11.
  36. "首度全年盈利，顺丰同城多元化矩阵业务结出"硕果"". www.stcn.com. Retrieved 2025-01-11.
  37. "全城平均1小时，顺丰同城打造直播电商物流新标准 - 21经济网". www.21jingji.com. Retrieved 2025-01-11.
  38. "顺丰同城正式纳入港股通 9月10日起生效". stcn.com. Retrieved 2025-01-11.
  39. "中国顺丰控股称旗下同城实业已向香港联交所递交H股IPO申请". Reuters.
  40. "顺丰国际直邮服务上线亚马逊海外购，进一步提升跨境电商服务体验_中国网". szjj.china.com.cn. Retrieved 2025-01-11.
  41. "顺丰控股：将把嘉里物流作为拓展海外市场的主要平台". www.dsb.cn (in Simplified Chinese). Retrieved 2025-01-11.
Categories: