Family, who understands this! The data from SF Express really surprised me!
Let's look at the hard data directly:
• 2020: Revenue 153.987 billion, Net Profit 7.326 billion
• 2021: Revenue 207.187 billion, Net Profit 4.269 billion
• 2022: Revenue 267.49 billion, Net Profit 6.174 billion
• 2023: Revenue 258.409 billion, Net Profit 8.234 billion
• 2024: Revenue 284.42 billion, Net Profit 10.17 billion
• January-September 2025: Revenue 225.261 billion, Net Profit 8.308 billion
And can you believe it? SF Express was established in 1993, this year it has been 33 years, earlier than its peers like JD Logistics, ZTO, and Deppon.
The most astonishing thing is that SF Express itself does not engage in e-commerce, logically speaking, the logistics of e-commerce giants like Alibaba and JD should be the industry leader, but the reality is completely the opposite.