Core Viewpoint - Jayud Global Logistics Limited has launched an exclusive chartered air cargo service connecting Fuzhou, China, and Jakarta, Indonesia, aimed at enhancing logistics capabilities for e-commerce, particularly for products containing lithium-ion batteries [1][2][3]. Company Overview - Jayud Global Logistics Limited is a leading end-to-end supply chain solution provider based in Shenzhen, specializing in cross-border logistics services [5]. - The company operates a global logistics network with facilities in 12 provinces in Mainland China and 16 countries across six continents [5]. New Service Details - The new air cargo service is the only chartered route directly linking Fuzhou and Jakarta, operating three flights weekly using a Boeing 737-800 aircraft with a cargo capacity of up to 18 tons per flight [2][3]. - This service is designed to comply with IATA guidelines for transporting lithium-ion batteries, addressing a critical market need [2][3]. Market Context - The Fuzhou-Jakarta route is strategically positioned to leverage the growing e-commerce market in Southeast Asia, which is experiencing substantial growth similar to the MENA region, projected at an 11.5% CAGR through 2028 [3]. - E-commerce is a significant driver of international logistics demand, and the new service aims to provide dedicated solutions for this expanding market segment [5]. Operational Capabilities - Jayud will manage all logistical aspects of the new service, including procurement, warehousing, inventory management, and customs processes, to enhance delivery efficiency for cross-border e-commerce [4].

Company Overview - Jayud Global Logistics Limited is a leading end-to-end supply chain solution provider based in Shenzhen, specializing in cross-border logistics services [6] - The company has established a global operation nexus with logistics facilities throughout major transportation hubs in China and globally, covering 12 provinces in Mainland China and 16 countries across six continents [6] Leadership Change - Ms. Hu Mengmeng has been appointed as Chief Financial Officer, effective March 1, 2025, succeeding Ms. Lin Bao, who stepped down for personal reasons [1][3] - Ms. Hu brings over 20 years of extensive experience in the shipping and logistics sector, having held senior financial positions at renowned multinational companies such as Maersk and CMA CGM [2][4] - The transition period will allow Ms. Lin Bao to ensure a smooth handover of responsibilities to Ms. Hu, facilitating knowledge transfer and maintaining operational continuity [3] Ms. Hu's Background - Prior to joining Jayud, Ms. Hu served as Financial Director at Shihua Youshi Education Technology (Shenzhen) Co., Ltd., where she developed and implemented financial strategies [4] - Ms. Hu holds a Bachelor's degree in Economics with a specialization in International Finance from Shenyang University of Technology and is fluent in Chinese, Cantonese, and English [5] Strategic Vision - Ms. Hu expressed her commitment to driving sustainable growth and optimizing financial strategies to enhance operational efficiency and create additional value for shareholders and customers [3]

Core Points - Jayud Global Logistics Limited has regained compliance with Nasdaq's minimum bid price requirement, closing the prior deficiency matter [1] - The company's common stock maintained a minimum closing bid price of $1.00 or more for at least ten consecutive business days [1] Company Overview - Jayud Global Logistics Limited is a leading end-to-end supply chain solution provider based in Shenzhen, specializing in cross-border logistics services [2] - The company operates globally with logistics facilities in 12 provinces in Mainland China and 16 countries across six continents [2] - Jayud offers a comprehensive range of services including freight forwarding, supply chain management, and other value-added services [2] - The company emphasizes strong service capabilities and proprietary IT systems to provide customized logistics solutions [2]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2024 Commission File Number: 001-41656 Jayud Global Logistics Limited (Exact name of registrant as specified in its charter) Building 3, No. 7 Gangqiao Road, Li Lang Community, Nanwan Street, Longgang District, Shenzhen, People's Republic of China (Address of principal executive offices) Indicat ...

Agreement to Expand into the Fastest Growing E-commerce Market in the World SHENZHEN, China, July 23, 2024 (GLOBE NEWSWIRE) -- Jayud Global Logistics Limited (NASDAQ:JYD) ("Jayud" or the "Company"), a leading end-to-end supply chain solution provider based in Shenzhen, specializing in cross-border logistics, today announced a Strategic Cooperation Agreement (the "Agreement") with Lazbao Group ("Lazbao"), a leading full-service e-commerce logistics service provider in Southeast Asia. The Agreement aims to es ...

Core Viewpoint - Jayud Global Logistics Limited has received a delinquency notification from Nasdaq due to its ordinary shares trading below the minimum bid price requirement of $1.00 for 30 consecutive business days, with a compliance deadline set for December 3, 2024 [1][2]. Group 1: Compliance Notification - The Company was notified on June 6, 2024, that it is not in compliance with Nasdaq's minimum bid price requirement [1]. - The closing bid price for the Company's shares has been below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2) [1]. - The Company has 180 calendar days from the date of the Notice to regain compliance, specifically until December 3, 2024 [1][2]. Group 2: Trading Status - Despite the notification, the Company's ordinary shares will continue to trade uninterrupted on Nasdaq under the ticker "JYD" [2]. - If the bid price reaches or exceeds $1.00 for at least 10 consecutive business days before the compliance deadline, Nasdaq will confirm compliance [2]. Group 3: Potential for Additional Time - If compliance is not regained by December 3, 2024, the Company may be eligible for additional time to meet the requirements, provided it meets other listing standards [3]. - The Company must notify Nasdaq of its intent to cure the deficiency during the second compliance period to qualify for this extension [3]. Group 4: Company Overview - Jayud Global Logistics Limited is a leading end-to-end supply chain solution provider based in Shenzhen, specializing in cross-border logistics [4]. - The Company operates globally with logistics facilities in 12 provinces in Mainland China and 16 countries across six continents [4]. - Jayud offers a comprehensive range of services, including freight forwarding and supply chain management, supported by proprietary IT systems [4].

Hosted Event with Local Government Officials, Taxation Bureau, and Customs Officials to Educate and Promote the Center SHENZHEN, China, May 21, 2024 (GLOBE NEWSWIRE) -- Jayud Global Logistics Limited (NASDAQ: JYD) ("Jayud" or the "Company"), a leading end-to-end supply chain solution provider based in Shenzhen, specializing in cross-border logistics, today announced that the Longgang e-Commerce Operation Center (the “Center”), owned by Shenzhen Kuaiyou Tech Company, of which Jayud is an investor and the ope ...

Hosted Event with Local Government Officials, Taxation Bureau, and Customs Officials to Educate and Promote the Center SHENZHEN, China, May 21, 2024 (GLOBE NEWSWIRE) -- Jayud Global Logistics Limited (NASDAQ:JYD) ("Jayud" or the "Company"), a leading end-to-end supply chain solution provider based in Shenzhen, specializing in cross-border logistics, today announced that the Longgang e-Commerce Operation Center (the "Center"), owned by Shenzhen Kuaiyou Tech Company, of which Jayud is an investor and the oper ...

Core Viewpoint - Jayud Global Logistics Limited has received a notification from Nasdaq regarding non-compliance with the minimum stockholders' equity requirement for continued listing on the Nasdaq Capital Market, necessitating a compliance plan submission within 45 days [1] Company Overview - Jayud Global Logistics Limited is a leading end-to-end supply chain solution provider based in Shenzhen, specializing in cross-border logistics services [2] - The company operates globally with logistics facilities in 12 provinces in Mainland China and 16 countries across six continents, offering services such as freight forwarding and supply chain management [2] - Jayud leverages its strong service capabilities and proprietary IT systems to provide customized logistics solutions and maintain long-term customer relationships [2]

Company Overview - The company is a leading Shenzhen-based end-to-end supply chain solution provider in China, focusing on cross-border logistics services [12]. - As of December 31, 2023, the company has obtained all necessary licenses, permits, and registrations from PRC government authorities for its operations [16]. - The company has not received any notice from the CAC regarding being a critical information infrastructure operator, nor any request for a cybersecurity review related to its initial public offering [18]. - The company’s auditor, Marcum Asia, is subject to PCAOB inspections, ensuring compliance with applicable professional standards [21]. Financial Performance - Revenues for 2023 decreased to RMB 497,868,199, a decline of 23.5% compared to RMB 651,991,593 in 2022 [24]. - Gross profit for 2023 turned negative at RMB (15,870,632), compared to a positive gross profit of RMB 37,386,114 in 2022 [24]. - Operating expenses surged to RMB 63,883,988 in 2023, up 74.3% from RMB 36,683,906 in 2022 [24]. - Net loss for 2023 was RMB (80,275,344), a significant drop from a net income of RMB 1,377,897 in 2022 [24]. - Total assets decreased from RMB 125,422,314 in 2022 to RMB 100,450,600 in 2023, a decline of 19.9% [26]. - Total liabilities increased from RMB 94,524,727 in 2022 to RMB 126,182,673 in 2023, an increase of 33.5% [26]. - Cash and cash equivalents at the end of 2023 were RMB 26,605,028, down from RMB 40,266,725 at the end of 2022 [27]. - Net cash used in operating activities for 2023 was RMB (44,222,478), compared to RMB (15,231,895) in 2022 [27]. - The company reported a significant increase in accounts receivable, net rising to RMB 41,281,988 in 2023 from RMB 30,913,334 in 2022, an increase of 33.4% [26]. Regulatory Environment - The company is subject to the Holding Foreign Companies Accountable Act, which could impact the trading of its Class A ordinary shares if audit reports are not compliant [19]. - The CSRC Filing Rules require the company to file for any future overseas offerings, which could affect its ability to raise capital [18]. - The company has not received any inquiries or sanctions from the CSRC or other PRC governmental authorities regarding its listing status, but there remains significant uncertainty about future regulatory requirements for overseas offerings [119]. - The PRC government has announced intentions to increase oversight of overseas securities offerings, which could affect the company's ability to list on U.S. exchanges in the future [172]. - The PCAOB's inability to inspect auditors in mainland China and Hong Kong poses risks for the company's securities trading in the U.S. under the HFCA Act [177]. - The SEC has implemented rules to enforce compliance with the HFCA Act, which could impact the company's ability to trade its securities in the U.S. [187]. Market and Competition - The company faces intense competition and risks associated with trade restrictions that could adversely affect its financial condition and results of operations [30]. - The company is significantly affected by the development of international commerce and the e-commerce industry, with growth dependent on factors such as consumer spending and macroeconomic conditions [49]. - The company faces intense competition in the supply chain solutions and logistics services industry, which is highly fragmented and includes various existing market players [55]. - Revenue from the five largest customers accounted for approximately 42.3% of total revenues in 2023, indicating a significant reliance on a limited customer base [98]. - The total number of customers decreased from 1,879 in 2022 to 1,841 in 2023, highlighting potential challenges in customer retention and acquisition [101]. Operational Risks - The company faces legal and operational risks due to the regulatory environment in mainland China, which could adversely affect its business operations [14]. - The company may face credit risks due to potential defaults from customers, which could materially affect cash flow and financial condition [64]. - The company relies on third-party service providers for logistics, and any financial instability or reduced capacity among these providers could adversely impact operations and financial results [81]. - The company faces risks from fluctuations in China's road transportation market, which can affect cargo volumes and pricing, potentially leading to reduced revenue and growth opportunities [83]. - The company faces risks if customers reduce spending on third-party logistics services or shift to in-house solutions, which could adversely affect revenue [100]. Strategic Initiatives - The company expects expenses to continue to increase as it expands its business, which may grow faster than revenue [65]. - The company expects significant capital expenditures driven by customer demand and prevailing equipment prices, with future capital requirements being uncertain due to limited operating history [68]. - The company plans to establish larger, custom-designed warehouses to enhance storage capacity and logistics workflow, although expansion may strain resources [95]. - The company aims to achieve profitability and grow cash flows through deeper penetration of existing customers and expanding its customer base, but faces challenges in executing these strategies [102]. Technology and Innovation - The company faces risks related to the performance and reliability of its technology platform, which is critical for delivering supply chain solutions and logistics services [130]. - The company must keep up with technological advancements, including 5G and cloud computing, to maintain its competitive edge and avoid adverse effects on its business [134]. - The company has made significant investments in supply chain technologies and logistics services, which may require substantial capital expenditures [73]. Compliance and Governance - The company is subject to various anti-corruption and compliance laws, which if violated, could lead to significant fines and adversely affect business operations and reputation [143]. - The company has identified three material weaknesses in its internal control over financial reporting, including insufficient accounting staff and lack of formal internal control policies [152]. - The company is implementing measures to address identified weaknesses, such as hiring qualified accounting personnel and establishing an internal audit department [153]. External Factors - The COVID-19 pandemic has negatively impacted global economic activity, disrupting normal business operations and supply chains, particularly during the lockdown in Shanghai from April to May 2022 [121][122]. - Geopolitical tensions, including the Russia-Ukraine and Israel-Hamas conflicts, have caused significant volatility in energy markets, with oil prices trading above $100 per barrel as of March 18, 2022, potentially increasing operational costs [128]. - The company faces risks from natural disasters, epidemics, and geopolitical events that could disrupt operations and adversely affect financial results [158]. - Changes in China's economic, political, or social conditions could significantly impact the company's business and financial results, as most operations are based in China [163]. Data Security and Privacy - The evolving PRC regulatory landscape regarding data security and privacy may impose additional compliance requirements on the company [201]. - The Cybersecurity Law and subsequent regulations impose strict requirements on data protection, with penalties for violations including business license revocation [204]. - The company does not possess a large amount of personal information and thus is not subject to the cybersecurity review by the CAC [208]. - Compliance with PRC laws may require the company to suspend relevant business or face penalties, impacting financial condition [211].