Comment / Under the radar: Mixed delivery for Chinese mammoth SF Holding, supply chain services shine

“China’s express delivery giant SF Holding reported revenue growth but net profit decline in the first quarter of 2020 amid the Covid-19 epidemic.” – xinhuanet.com, 24 April 2020. 

SF Holding, one of the major integrated logistics providers in China (until 2017 known as SF Express), didn’t shine for transparency in its quarterly numbers, but here’s a short update thanks to headline coverage and estimates from the press and UBS, respectively.

While xinhuanet.com pointed out that first-quarter revenues grew steeply (+39%) to Rmb33.54bn ($4.7bn) in the ...