Core Viewpoint - CGL Logistics Holdings Limited, also known as 华洋航运, has filed for an IPO with the SEC to raise $15 million by offering 3.75 million shares at $4 each, aiming to list on the NASDAQ under the ticker "CGL" [1]. Company Overview - 华洋航运 is an international freight forwarding service provider headquartered in Hong Kong, established in 1999. The company has developed a diversified service system covering sea freight, air freight, express delivery, and specialized logistics [3]. - Core services include: - Sea freight services offering comprehensive international shipping solutions, including full container and less-than-container load services. - Air freight services providing fast international air logistics. - Express services in collaboration with international express giants for door-to-door document and parcel delivery. - Amazon FBA first-mile services, offering warehousing, labeling, customs clearance, and transportation for sellers on the Amazon platform. - An operational network established through subsidiaries in major cities in mainland China, including Shanghai, Beijing, Shenzhen, Guangzhou, Xiamen, and Qingdao [3]. Financial Performance - For the fiscal years ending September 30, 2023, and 2024, the company reported revenues of $20.87 million and $31.81 million, respectively, reflecting a year-over-year increase of 52.4% [7][8]. - Net income for the same periods showed a significant turnaround, with a loss of $0.755 million in 2023 and a profit of $0.2096 million in 2024, indicating a recovery in profitability [7][8]. - Total costs and expenses increased from $22.04 million in 2023 to $29.74 million in 2024, with the cost of revenues rising by 54.2% [8].

Group 1 - The industry advantage lies in efficient compliance and cost reduction for U.S. food imports, avoiding risks such as cargo detention and additional costs due to non-compliance with import regulations [1] - Reliable logistics services, like those provided by Jieyun International Logistics, ensure compliance with U.S. regulations, with inspection rates significantly lower than industry averages, such as <1% for the U.S./EU and <2% for Canada/UK [1] - The logistics provider's deep understanding of U.S. customs policies allows for effective tariff planning, directly reducing import costs for food importers [4] Group 2 - Jieyun International Logistics offers personalized solutions based on the characteristics of different food products and U.S. import requirements, ensuring quality preservation during transport [6] - The company employs a transparent pricing model with no hidden fees, allowing clients to clearly understand their import costs and avoid unexpected expenses [6] - Compared to traditional logistics providers, Jieyun International Logistics offers more competitive pricing through optimized transportation routes and resource integration [6] Group 3 - Jieyun International Logistics has a strong reputation in the industry, evidenced by various certifications and a high customer retention rate of 90% [7] - The company has serviced over 20,000 cross-border sellers, showcasing its reliability and customer trust [7] - Positive customer feedback highlights Jieyun's ability to improve logistics efficiency, such as reducing average warehouse entry time from 25 days to 18 days and significantly lowering logistics costs [8] Group 4 - Established in 2016, Jieyun International Logistics specializes in providing comprehensive international logistics solutions for cross-border e-commerce [9] - The company has a global network with over 17 branches in China and warehouses in the U.S. and other countries, enabling efficient operations and cost reduction [9] - Jieyun has developed multiple management systems for real-time tracking and intelligent scheduling, achieving an accuracy rate of over 99% in cargo handling [9]