Courier giant SF Holding's international supply chain business revenue hikes 320.42 pct on-yr in Sept.

An air freighter taxis at the Ezhou Huahu Airport in Ezhou, central China's Hubei Province, March 19, 2022. (Xinhua/Xiao Yijiu)

China's express delivery giant SF Holding saw its revenue in international supply chain business hiked 320.42 percent on year to 7.433 billion yuan in September, according to the company's business operation briefing released on Wednesday, reported Xinhua-run China Securities Journal.

Since joining hands with Kerry Logistics, SF Holding has accelerated internationalization through Kerry Logistics' established overseas network. Currently, the international business has become the second largest business of SF Holding after express delivery.

The company noted that it is integrating international express and cross-border logistics business in Southeast Asia, and expanding the regional network layout in the region so as to improve end-to-end logistics services.

Analysis by China Merchants Securities attributes SF Holding's revenue growth to Kerry Logistics and the company's strong end-to-end service capabilities. Based on Kerry Logistics' existing overseas network, customer resources and other advantages, SF Holding will further strengthen its international business.

In addition, Ezhou Huahu airport in Central China's Hubei province, invested by SF Holding, will launch cargo flight at the end of this year. Designed to serve as a logistics hub airport, the operation of Ezhou Huahu airport will drive the overall improvement of the company's business volume, service timeliness and operational efficiency.