SF's net profit rises 23.5pc amid competition

China’s largest express-delivery firm SF Holding (6936) announced a profit of 10.17 billion yuan (HK$10.88 billion) last year, up 23.5 percent from one year ago.

The courier declared a final dividend of 0.44 yuan per share, raising the dividend payout ratio to 40 percent, 5 percentage points higher than one year ago.

To handle the intensifying domestic competition, SF will focus on structural cost reduction in its economy express service by innovating operational processes, optimizing transportation models, and enhancing last-mile delivery methods. It will also explore growth potential in lower-tier markets and capture additional economy express market share through an incentivized sales model.

For high-end markets, SF said the expansion of large-item air freight will remain a key focus area, by expanding its same-day delivery network coverage and securing priority access to high-quality air cargo capacity.

In Europe and North America, SF will focus on cross-border e-commerce and expand its overseas warehouse network and optimize partnerships with external service providers. 

STAFF REPORTER