Shengfeng Development (US:SFWL) Jin Rong Jie·2025-08-12 13:42Core Viewpoint - Shengfeng Logistics (SFWL) has shown a positive market response with a 3.0% increase in stock price, reflecting investor confidence in its financial performance and growth prospects [1]. Financial Performance - As of December 31, 2024, Shengfeng Logistics reported total revenue of $504 million, representing a year-over-year growth of 24.75% [1]. - The company achieved a net profit attributable to shareholders of $10.878 million, which is a 5.67% increase compared to the previous year [1]. Company Structure - Shengfeng Development Limited is a holding company registered in the Cayman Islands and does not operate directly in China [1]. - The company's operations are conducted through its subsidiaries in China, utilizing Variable Interest Entity (VIE) agreements, which is a common structure for foreign investment in Chinese companies [1].