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Cheetah Net Supply Chain Service (CTNT) - 2024 Q1 - Quarterly Results

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 ...