(Yicai Global) Feb. 25 -- Chinese logistics behemoth SF Holdings has become the first delivery company listed in the country to earn over CNY100 billion (USD14.3 billion) in annual revenue, collecting CNY112 billion in 2019.

Income was up 23.4 percent, the Shenzhen-based firm said in its financial report published yesterday, attributing the gain to continued fast growth in the delivery and supply chain logistics sectors. The company plans to roll out new products and services based on market demand to bolster growth in other segments.

SF's net profit for last year tallied CNY5.8 billion, up 27.2 percent as investments in tech paid off in cost management. It had CNY92.5 billion in total assets as of the end of the year, up 28.9 percent.

Monthly revenue reached CNY11.6 billion in February, the report added, up 14.4 percent from a year earlier as purchase orders rose 40.5 percent to 566 million.

Editor: James Boynton