What is the revenue of SF Express in the first quarter of 20 17?

On the evening of April 26th, the first quarterly report of 20 17 released by SF Holdings (002352) showed that the company achieved operating income of 154.7 1 100 million yuan, up 25.55% year-on-year, and net profit of 774 million yuan, up 13.76% year-on-year.

It is reported that the decline in the growth rate of the e-commerce market, the difficulty in recruiting workers in first-tier cities, and the profitability of franchisees may reach a critical point, which has led to a slowdown in the business growth of the express delivery industry in the first quarter. According to the data recently released by the State General Post Office, in the first quarter of 20 17, the business income of express delivery service enterprises nationwide totaled 98.46 billion yuan, up 27.4% year-on-year, up 42. 1% compared with the first quarter of 20 15, and up 3/kloc compared with the first quarter of 2015. This is the first time in seven years that the express delivery industry has experienced a decline in industry growth. Steady growth will become the new normal of the industry.

Although the growth rate of the e-commerce market has dropped significantly, the growth rate of the high-end business market dominated by SF Express has not been affected; On the other hand, SF invested a lot of money in business layout last year, and it has achieved initial results. The gross profit margin of SF Express in the first quarter was 20. 10%, which was higher than the average gross profit margin of 19.69% last year, which should be attributed to the effect of investment in the second half of last year. In June last year, SF took the lead in launching aging products in the industry, and at the same time increased investment in forward-looking business.

At present, the layout of the express delivery industry has been initially completed, and the marginal efficiency of joining and expanding advantages has declined, and the advantages of direct sales will gradually be reflected. In the future, with the continuous maturity of the express delivery industry, the market will be less sensitive to prices, and the express delivery industry will eventually be service-oriented. SF adopts the direct mode, and its service quality has always been in the forefront of the industry, and its delivery time is far ahead. At the same time, because SF adheres to the high-end route, the average revenue per order in 20 16 years is 22. 15 yuan, which is much higher than the industry average 12.7 1. The high unit price level ensures the steady growth of the company's high income.

SF expects a net profit of 20 163 billion yuan to 183 billion yuan in the first half of the year, which is basically the same as that in 20 16.