With the approval of the State Council, China Post Group Company was officially restructured into China Post Group Co., Ltd. on February 20 19. China Post Group Co., Ltd. is a wholly state-owned company established in accordance with the Company Law of People's Republic of China (PRC). There is no shareholders' meeting in the company, and the Ministry of Finance will perform the investor's duties on behalf of the State Council in accordance with national laws and administrative regulations. The company has a party group, a board of directors and a manager.
The company operates various postal services according to law, undertakes universal postal service obligations, provides special postal services entrusted by the government, and commercializes competitive postal services.
In 2020, China Post Group Co., Ltd. achieved a total revenue of 664.5 billion yuan and a profit of 60.64 billion yuan, ranking 74th among the 20021Fortune Global 500 enterprises and 2nd among the global postal enterprises.
Business mainly includes:
Domestic and international letter delivery business; Domestic and international parcel express service; Distribution of newspapers, books and other publications; Stamp issuing business; Postal remittance business; Secure communication service; Postal financial services; Postal logistics business; E-commerce business; All kinds of postal agency business; Other businesses stipulated by the state.