Cheetah Net Supply Chain Service Inc. Announces 1 Quarter 2024 Results and Provides Corporate Update Recent Highlights Cheetah Chairman and CEO Tony Liu commented, "Poor economic conditions in the PRC market that began in mid-2023 have continued into 2024. Luxury import dealers are discounting the prices of their vehicles below the manufacturer's suggested retail price, causing our gross profit margins to narrow or disappear entirely. Cheetah remains focused on executing sales to the PRC that generate favor ...

CHARLOTTE, N.C., May 13, 2024 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. ("Cheetah" or the "Company") (Nasdaq CM: CTNT), a supplier of parallel-import vehicles sourced in the U.S. to be sold in the People's Republic of China (the "PRC") market, today reported results for the quarter ended March 31, 2024 and provided a corporate update. Recent Highlights Challenging market conditions in the PRC, first reported with respect to the Company's financial performance during the second half of 2023, ...

SECURITIES AND EXCHANGE COMMISSION Table of Contents WASHINGTON, D.C. 20549 | --- | --- | |-----------------------------------------|-----------------------| | North Carolina | 81-3509120 | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | --- | --- | --- | |-----------------------------------------------------------------|---------------------|-------------------------------------------------------| | Title of each Class | Trading Symbol(s) | ...

CHARLOTTE, March 18, 2024 (GLOBE NEWSWIRE) – Cheetah Net Supply Chain Service Inc. ("We," "Our," "Cheetah," or the "Company") (Nasdaq CM: CTNT), a supplier of parallel-import vehicles sourced in the U.S. to be sold in the People's Republic of China ("PRC") market, today reported results for the financial year ended December 31, 2023 and provided a corporate update. 2023 Financial Results Total other expenses consisted primarily of interest expense, which decreased significantly by approximately $1.2 million ...

CHARLOTTE, N.C., March 18, 2024 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. ("We," "Our," "Cheetah," or the "Company") (Nasdaq CM: CTNT), a supplier of parallel-import vehicles sourced in the U.S. to be sold in the People's Republic of China ("PRC") market, today reported results for the financial year ended December 31, 2023 and provided a corporate update. Recent Highlights Challenging market conditions in the PRC have resulted in an industry-wide slowdown of vehicle sales, including price a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-41761 Cheetah Net Supply Chain Service Inc. (Exact name of registrant as specified in its charter) North Carolina 8 ...

CHARLOTTE, N.C., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. ("Cheetah" or the "Company") (Nasdaq CM: CTNT) today announced the successful completion of its acquisition of Edward Transit Express Group Inc. (the "Acquisition"), a California-based global inbound non-vessel operating common carrier providing ocean and air transportation services ("Edward"). The Acquisition marks a pivotal achievement in Cheetah's strategic expansion plans. Tony Liu, Chairman and CEO, commented, "[t] ...

CHARLOTTE, N.C., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. ("Cheetah" or the "Company") (Nasdaq CM: CTNT) today announced that it has executed a definitive agreement and its amendment thereto (the "Agreement") for the acquisition (the "Acquisition") of Edward Transit Express Group Inc. ("Edward"), a California-based global inbound non-vessel operating common carrier specializing in ocean and air transportation services. This strategic move marks Cheetah's inaugural investment i ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41761 Cheetah Net Supply Chain Service Inc. (Exact name of registrant as specified in its charter) | North Carolina ...

Table of Contents Comparison of the Three Months Ended June 30, 2023 and 2022 Revenue decreased by $8.6 million, or 41.2%, from approximately $20.8 million for the three months ended June 30, 2022 to $12.2 million for the three months ended June 30, 2023. The decrease was primarily due to a lower number of vehicles sold. Specifically: (i) For the three months ended June 30, 2023, we sold 93 vehicles compared with 175 for the three months ended June 30, 2022, mainly due to a short-term decline in market dema ...