Shengfeng Development Limited Announces First Half of Fiscal Year 2024 Unaudited Financial Results
Shengfeng Development Limited - Class A Ordinary Shares (SFWL)
Company Research
Source: PR Newswire
Revenue Up 22.8% Year Over Year, Driven by Expansion of Customer RelationshipsFUZHOU, China, Sept. 4, 2024 /PRNewswire/ -- Shengfeng Development Limited ("Shengfeng" or the "Company") (NASDAQ: SFWL), a contract logistics company in China providing customers with integrated logistics solutions, today announced its unaudited financial results for the six months ended June 30, 2024.Financial Highlights for the First Half of 2024:Total Revenue: Increased by approximately 22.8% to $227.1 million, compared to $185.0 million for the same period in 2023. This growth was primarily driven by the expansion of services with new clients, particularly in the new energy sector. The Company saw significant growth due to increased demand within this sector, reflecting deepened partnerships and expanded service offerings.Gross Profit: Decreased by approximately 7.4% to $21.1 million, compared to $22.8 million in the first half of 2023. However, the Company anticipates improved margins in the second hal
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News
- Shengfeng Development Limited Announces Joint Venture with Fujian Fulai Aviation to Expand Low-Altitude Logistics Services [Yahoo! Finance]Yahoo! Finance
- Shengfeng Development Limited Announces Joint Venture with Fujian Fulai Aviation to Expand Low-Altitude Logistics ServicesPR Newswire
- Shengfeng Development Limited Enters China's Low-Altitude Logistics Sector [Yahoo! Finance]Yahoo! Finance
- Shengfeng Development Limited Enters China's Low-Altitude Logistics SectorPR Newswire
- Do Its Financials Have Any Role To Play In Driving Shengfeng Development Limited's (NASDAQ:SFWL) Stock Up Recently? [Yahoo! Finance]Yahoo! Finance
SFWL
Sec Filings
- 10/22/24 - Form SC
- 9/4/24 - Form 6-K
- SFWL's page on the SEC website