On the evening of July 19, SF Holding released June operating data. The company’s revenue in June reached 16.309 billion yuan, a year-on-year increase of 26.56%. Among them, express logistics business revenue reached 15.124 billion yuan, a year-on-year increase of 22.71%; business volume reached 951 million tickets, a year-on-year increase of 38.03%; of which, supply chain business revenue was 1.185 billion yuan, a year-on-year increase of 111.23%. It is worth noting that the single ticket revenue of SF Express was 15.91 yuan, an increase of 2.05% month-on-month.
Thanks to the scale effect and refined management after resource integration, SF Express's operational efficiency has been greatly improved. On the basis of maintaining a sustained and stable business growth rate, SF Express quickly reversed the losses in the previous quarter in the second quarter. The situation is expected to achieve a profit of 1.629 billion yuan to 1.819 billion yuan, achieving a V-shaped reversal.
SF Express’s speed amid hundreds of billions of express delivery volumes
Since 2021, China’s express delivery industry has continued to maintain strong growth. It took only 6 months for express delivery business volume to exceed 50 billion pieces, nearly half a year ahead of schedule when it reached 50 billion pieces for the first time in 2018, and about 2 months ahead of schedule in 2020. During the Spring Festival at the beginning of the year, express delivery and e-commerce companies jointly launched a non-closing Spring Festival holiday, which drove the demand for traditional e-commerce in the off-season. The e-commerce promotions are still in full swing during the 618 period, and will enter the peak season of the express delivery industry in the second half of the year. Some analysts believe that the industry business throughout the year It is a high probability event that the volume exceeds 110 billion pieces.
SF Express has maintained a growth rate higher than that of the industry in terms of business volume and operating income under the background of high industry prosperity.
data statistics show that SF Express completed approximately 3.655 billion express shipments in the first half of 2020, a year-on-year increase of approximately 81.27%. In the first half of 2021, based on the over 80% business volume growth in the same period of 2020, it increased by 40.34% to 5.131 billion. pieces, the market share reached 10.39%; the average growth rate in the two years reached 60.81%, far exceeding the industry growth rate in the same period.
In terms of revenue, SF Express’ growth rate also exceeded the industry average. Based on monthly data, SF Express's revenue in the first half of 2021 reached 87.099 billion yuan, a year-on-year increase of approximately 24.09%. Revenue in the first half of 2020 was 70.188 billion yuan, a year-on-year increase of 41.85%, and the average growth rate in the two years was 32.97%. The express delivery industry increased by 26.60% year-on-year in the first half of 2021; the two-year average growth rate was 19.59%.
What’s even more rare is that while its performance has maintained sustained and steady growth, SF Express’s single-ticket revenue has also shown a good trend of rising month-on-month. June operating data shows that its single-ticket revenue increased by 2% month-on-month.
The fresh food season has boosted the scale of time-sensitive goods business.
SF Express’ single-ticket revenue in June increased month-on-month. Against the backdrop of continued growth in business scale, the increase in the volume of time-sensitive goods is indispensable, and the “fresh goods” in the fresh food season are indispensable.
There are many kinds of fresh products, including fruits and vegetables, meat, and seafood. These products are not only fresh and perishable, not resistant to storage and transportation, but also have strong production seasonality and low consumption elasticity coefficient. As the weather gets hotter and hotter, packaging, sorting, temperature, etc. during transportation are all important factors that determine whether fresh fruits can be delivered fresh.
This year, SF Express opened a special peach line for Yangshan peach . It took off from Changzhou International Airport in Jiangsu and delivered the peaches to Beijing in less than one and a half hours.
At the same time, SF Express also provides a variety of personalized transportation services including route optimization, adding dedicated planes, and customizing fresh-keeping space for fresh products such as Shandong Yantai cherries, Zhejiang Cixi bayberry, Guangdong and Hainan lychees, and Jiangsu Yangcheng Lake hairy crabs.
Obviously, strong network strength and technical support are the trump card of SF Express in the fresh season: it has 26 high-standard cold storages with an operating area of 150,000 square meters. It is also equipped with advanced vehicle GPS global positioning and vehicle temperature control real-time monitoring system for full temperature control. , while ensuring "services exceeding value for money", rapidly increasing the scale of business volume, and driving the single-ticket business to rebound month-on-month under fierce industry market competition.
International business has accelerated into a new growth pole
Since 2021, SF International has encrypted its international route network and has opened 8 international routes, focusing on electronic products for manufacturing companies, cross-border e-commerce packages, and precision instruments, radiating in Asia , on the basis of reaching Europe and the United States, we will further improve the international route map and strengthen the strength of international air cargo. Large-capacity, high-density air trunk transportation is expected to further enhance SF Express’s international business strength.
Supply chain business improves resource reuse capabilities
Huachuang Securities analysts believe that Express Network is the carrier that connects thousands of cities and industries, and the most widely connected B-side and C-side, helping to complete interactions more efficiently and has strong social value. SF Express aims to become a data technology service company that provides independent third-party industry solutions. Pre-emptive, inclusive and strategic investments cannot be bypassed to create a more suitable network structure, adapt to a larger market space, and provide better resources. Reuse to enhance long-term core competitiveness.
As the market scale expands, it is also a general trend to improve supply chain services. Meeting the increasingly complex needs of customers in different vertical fields, improving the efficiency of the manufacturing side of the supply chain, and obtaining policy support for supply chain logistics services are both opportunities and challenges for enterprises.
According to monthly data, SF Express's revenue in the first half of the year reached 87.099 billion yuan, a year-on-year increase of 24.09%; it is worth noting that in the first half of 2021, SF Express's supply chain business revenue reached a new high, reaching 5.294 billion yuan, a year-on-year increase of 79.03% %.
At present, the integration and collaboration between SF Express and the two acquired supply chain companies have achieved results. The resources of New HAVI, SF Express DHL and SF Express Network have been rapidly integrated. By continuing to deepen digital transformation, they have optimized the supply chain platform and quickly moved towards B It has made great strides in end-end business and achieved rapid promotion among Fortune 500 companies and growth-oriented companies in industries such as fast-moving consumer goods retail, shoes, clothing, beauty, and high-end industrial manufacturing.
SF Express related people said that the digital supply chain is in the initial stage of rapid development and there is still a lot of room for improvement. In the future, SF Express will improve the efficiency of terminal logistics and distribution, improve basic equipment, improve the level of big data integration in the supply chain, and build a supply chain. Ecosystem and other aspects promote the development of supply chain.
This article comes from the financial network
