Core Viewpoint - Jayud Global Logistics Limited has received a government subsidy of approximately USD 4.2 million, which is expected to positively impact its financial performance and support growth in cross-border air freight services [1][3]. Group 1: Government Subsidy - The company received a subsidy of RMB 30,258,086 (approximately USD 4.2 million) from the Shenzhen Transportation Bureau [1]. - The subsidy is related to two charter flight routes operated by the company during 2022-2023 as part of its expanded air freight services [2]. - The subsidy application was initially submitted in March 2023, with final amounts determined in March 2025 due to high demand exceeding available funding [2]. Group 2: Company Strategy and Impact - Xiaogang Geng, Chairman and CEO, emphasized that the subsidy validates the company's strategic expansion into charter flight operations and highlights its contribution to Shenzhen's logistics infrastructure [3]. - The company anticipates that the subsidy will have a positive effect on its revenue and financial results for the current fiscal year [3]. Group 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 [4]. - The company operates globally with logistics facilities in 12 provinces in Mainland China and 16 countries across six continents, offering a comprehensive range of supply chain solutions [4]. - Jayud focuses on providing customized and efficient logistics solutions, supported by strong service capabilities and proprietary IT systems [4].
Jayud Global Logistics Receives $4.2 Million Government Subsidy for Charter Flight Operations