Staff members work at the distribution center of an express company in Yinchuan, northwest China's Ningxia Hui Autonomous Region, Nov. 12, 2018. Three major Chinese express delivery companies posted steady revenue growth last year on the back of booming e-commerce in the world's most populous country. SF Holding Wednesday announced that its revenues rose 27.6 percent year-on-year to 90.9 billion yuan (13.6 billion U.S. dollars) in 2018 thanks to fast growth in traditional and new businesses better catered to meet customer demands. Smaller rivals STO Express and Yunda Holding saw revenues up 34.4 percent and 38.5 percent to 17 billion yuan and 13.8 billion yuan, respectively, according to their preliminary financial results for 2018 filed to the Shenzhen Stock Exchange. The steady rise came amid a stable growth in e-commerce, the major source of business for the express delivery industry, said Chen Zhaolin, an analyst with Southwest Securities. The industry is expected to handle 20 percent more parcels in each of the next two years, Chen said. (Xinhua/Wang Peng)
