Shengfeng Development (US:SFWL) Jin Rong Jie·2025-08-06 19:11Core Viewpoint - Shengfeng Logistics (SFWL) has shown a positive market performance with a stock price increase of 2.08% and a market capitalization of approximately $93.14 million, indicating investor confidence in the company's growth potential [1]. Financial Performance - For the fiscal year ending December 31, 2024, Shengfeng Logistics is projected to achieve total revenue of $504 million, reflecting a year-over-year growth of 24.75% [1]. - The company's net profit attributable to shareholders is expected to reach $10.88 million, which represents a year-over-year increase of 5.67% [1]. Company Structure - Shengfeng Development Limited is a holding company registered in the Cayman Islands and does not operate directly in China. Its business activities are conducted through subsidiaries in China via Variable Interest Entity (VIE) agreements [1]. - The company is recognized as one of the leading contract logistics service providers in China, operating under the VIE structure [1].