SF Holding net profit rises 14.1% in 2017

Delivery giant says growth slowdown due to increased focus on high-quality services

Chinese delivery giant SF Holding announced on Tuesday evening that its net profit in 2017 rose 14.12 percent, representing a slowdown in growth as the nation's overall delivery industry is going through a transition period.

In its latest annual report, the company said its net profit reached 4.77 billion ($755 million) yuan last year, while it was 4.18 billion yuan in 2016, an increase of 112.5 percent compared with 2015.