China Post Group Corporation was officially restructured into China Post Group Co., Ltd. in December 2019. China Post Group Co., Ltd. is a wholly state-owned company established in accordance with the Company Law of the People's Republic of China. The company does not have a shareholders' meeting. The Ministry of Finance performs investor duties on behalf of the State Council in accordance with national laws, administrative regulations and other provisions. The company has a party group, a board of directors, Managerial level. The company operates various postal services in accordance with the law, undertakes universal postal service obligations, provides special postal services entrusted by the government, and implements commercial operations for competitive postal services.
In accordance with national regulations, China Post Group Co., Ltd. focuses on postal services, express logistics, finance, e-commerce, etc., and implements diversified operations. The main business operations include: domestic and international letter delivery business; domestic and international parcel express delivery business; newspaper, book and other publication distribution business; stamp issuance business; postal remittance business; confidential communication business; postal financial business; postal logistics business; electronics Commercial business; various postal agency businesses; other businesses prescribed by the state.
After years of sustained development, China Post Group Co., Ltd. has been transformed and upgraded into a large-scale enterprise group that combines industry and finance with diversified businesses. Its competitiveness has been enhanced, corporate benefits have been significantly improved, and social influence has continued to expand. In 2021, China Post Group Co., Ltd. had a total revenue of 700.5 billion yuan and realized a profit of 77.35 billion yuan. It ranked 81st among the Fortune Global 500 companies in 2022 and ranked 1st among the world's postal companies.