With the explosive development of the e-commerce industry under the COVID-19, it also provides development opportunities for the logistics industry. SF Express is China's overall integrated logistics service provider, which transports express, express, cold, pharmaceutical, international and other businesses. Based on the 2016-2020 SF Express's revenue composition, earnings, ROE and other data, combined with qualitative and analytical methods, this article analyzes SF companies and gives investment recommendations and risk warnings. The study found that compared with traditional business, SF Express's new business is relatively rapid; Feng Express's financial situation is good, debt capacity is strong, and its development capacity may be weak. The research results of this paper have determined the industries that conform to the enterprise management in logistics applications, and in another part, they have provided practical experience for the development of the logistics industry.