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The Gap Between Chinese Express Companies and Global Giants Is Still Obvious

Released on: 2020-09-18 瀏覽:190次

At present, China's logistics industry is gradually growing, and related express enterprises are also developing. According to the financial report released by SF Express, its operating income in 2019 reached 112.193 billion yuan, an increase of 23.37% compared with the same period last year. This is also the first time that SF Express’s operating income exceeded 100 billion yuan. SF Express successfully overtook Japan's YAMATO with its 2019 revenue of 106.829 billion yuan. SF Express also won the fourth place among global express delivery companies. In the first half of 2020, SF realized revenue of 71.1 billion yuan, a year-on-year growth of 42%, and net profit of 3.762 billion yuan, a year-on-year growth of 21.35%, and continued to maintain a good growth momentum. However, compared with the international express giants, you will find obvious gaps in Chinese express enterprises. According to the financial report released by UPS, the turnover of UPS in 2019 reached US$74.094 billion, successfully winning the first place among global express companies. It is closely followed by two international giants, FEDEX Group and DHL (Deutsche Post), with revenues of US$71.154 billion and US$70.895 billion in 2019, respectively. SF's revenue differs by magnitude from them. More importantly, compared with these international express enterprises, China's express enterprises represented by SF Express, have more domestic markets. The development of international business and international logistics network still takes time.