SHENGFENG DEVELOPMENT Ltd
Business
Shengfeng Development Ltd is a Cayman Islands holding company that consolidates and operates contract logistics businesses in China through contractual control of a variable interest entity. It provides integrated logistics services including B2B freight transportation (FTL and LTL), cloud storage and warehouse management (Cloud OFCs), and value‑added services such as customs declaration, packaging, collection-on-delivery and shipment protection, supported by proprietary TMS and WMS systems. Its business is organized into three streams—freight transportation, cloud storage services, and value‑added services—operated via regional sorting centers, Cloud OFCs, service outlets, a mix of self‑owned fleet and third‑party carriers, and a nationwide technology platform. Shengfeng serves manufacturers, trading companies and other corporate clients across hundreds of cities and multiple provinces in China through direct contracts, service outlets and online client portals.
Summary from filing dated 2025-03-28
Financials
Latest annual snapshot (FY2025, period end 2025-12-31). Full statement history unavailable for this entity.
| Revenue | $572.48M |
| Net income | $11.93M |
| Total assets | $346.97M |
| Total liabilities | $208.10M |
| Stockholders' equity | $131.92M |
| Operating cash flow | $16.10M |