Shengfeng Development Ltd

Earnings data Q4 2023

Shengfeng Development Ltd. is a holding company, which engages in the provision of contract logistics services. It also focuses on B2B freight transportation, cloud storage, and value-added services. The company was founded by Yong Xu Liu in 2001 and is headquartered in Fuzhou, China.

FUZHOU, China , Dec. 18, 2024 /PRNewswire/ -- Shengfeng Development Limited ("Shengfeng" or the "Company") (NASDAQ: SFWL), a contract logistics company in China providing customers with integrated logistics solutions, announced today the completion of the Ningde Shengfeng Smart Logistics Center (the "Ningde Center"), a facility that will be primarily used to serve Contemporary Amperex Technology Co., Limited ("CATL"), a client of Shengfeng that operates in the battery manufacturing industry. The Ningde Center was constructed with a total investment of approximately RMB 244.59 million and spans 47,423 square meters with a total building area of 59,442.71 square meters.

Shengfeng Development Limited Announces Completion of the Ningde Shengfeng Smart Logistics Center, Primarily Servicing CATL

Revenue g rows from $6.7 million to $13.9 million FUZHOU, China , Nov. 25, 2024 /PRNewswire/ -- Shengfeng Development Limited ("Shengfeng" or the "Company") (NASDAQ: SFWL), a contract logistics company in China providing customers with integrated logistics solutions, announced today a 107.8% year-over-year increase in revenue generated from China Post Group Corporation during the 2024 Double 11 Shopping Festival. The Double 11 Shopping Festival, also known as the "Singles' Day, is China's largest annual online shopping event, comparable to Black Friday in the United States.

Shengfeng Development Limited Reports 107.8% Revenue Increase from China Post Services During 2024 Double 11 Shopping Festival

FUZHOU, China , Nov. 18, 2024 /PRNewswire/ -- Shengfeng Development Limited ("Shengfeng" or the "Company") (NASDAQ: SFWL), a contract logistics company in China providing customers with integrated logistics solutions, announced today that on November 5, 2024, Shengfeng Logistics Group, a variable interest entity that the Company controls via a series of contractual arrangements ("Shengfeng Logistics"), forms a joint venture (the "Joint Venture") with Fujian Fulai Aviation Technology Co., Ltd. ("Fulai Aviation").

Shengfeng Development Limited Announces Joint Venture with Fujian Fulai Aviation to Expand Low-Altitude Logistics Services

FUZHOU, China , Nov. 11, 2024 /PRNewswire/ -- Shengfeng Development Limited ("Shengfeng" or the "Company") (NASDAQ: SFWL), a contract logistics company in China providing customers with integrated logistics solutions, announced today a strategic expansion into the low-altitude economy in China. The Company believes this move will allow it to leverage its logistics expertise in an emerging field that integrates drone technology for streamlined, efficient logistics solutions across diverse sectors, particularly in high-demand and remote regions.

Shengfeng Development Limited Enters China's Low-Altitude Logistics Sector

FUZHOU, China , Oct. 24, 2024 /PRNewswire/ -- Shengfeng Development Limited ("Shengfeng" or the "Company") (NASDAQ: SFWL), a contract logistics company in China providing customers with integrated logistics solutions, today announced that Mr. Yongxu Liu, the Company's Chairman, Chief Executive Officer and the largest beneficial shareholder of the Company, has purchased 500,000 Class A ordinary shares of the Company in the open market at an average price of $1.289 per share (the "Shares").

Shengfeng Development CEO Purchases 500,000 Class A Ordinary Shares in the Open Market

FUZHOU, China , Sept. 24, 2024 /PRNewswire/ -- Shengfeng Development Limited ("Shengfeng" or the "Company") (NASDAQ: SFWL), a contract logistics company providing customers with integrated logistics solutions, today announced the renewal of its logistics services contract (the "Contract") with BYD Co. Ltd.

Shengfeng Development Limited Secures Contract Renewal with BYD

Revenue Up 22.8% Year Over Year, Driven by Expansion of Customer Relationships FUZHOU, China , Sept. 4, 2024 /PRNewswire/ -- Shengfeng Development Limited ("Shengfeng" or the "Company") (NASDAQ: SFWL), a contract logistics company in China providing customers with integrated logistics solutions, today announced its unaudited financial results for the six months ended June 30, 2024.

Shengfeng Development Limited Announces First Half of Fiscal Year 2024 Unaudited Financial Results

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Shengfeng Development Limited is a Chinese company that provides nationwide contracting and logistics services. The company's logistics network reaches 350 cities in China and includes transportation trucks and storage centers. The company's expansion into new markets, electrification efforts, and technological development may drive future growth and attract ESG-focused investors.

Shengfeng Development: ESG And Operating Efficiencies May Justify A Position

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The logistics company's shares have more than doubled since their March IPO, including a 36% jump on a single day this week. Shengfeng's shares have risen sharply since their IPO, giving the company valuation ratios well ahead of its Chinese and global peers. The company is the latest in a recent flurry of new listings by Chinese logistics providers, which may be attracting investors for their growth potential and relatively low risk.

Shengfeng Drives Into Investor Fast Lane With Big Post-IPO Gains

FUZHOU, China , April 4, 2023 /PRNewswire/ -- Shengfeng Development Limited (Nasdaq: SFWL) (the "Company" or "Shengfeng"), a contract logistics company in China providing customers with integrated logistics solution services, today announced the closing of its initial public offering (the "Offering") of 2,400,000 Class A ordinary shares at a public offering price of US$4.00 per Class A ordinary share. The Class A ordinary shares began trading on the Nasdaq Capital Market on March 31, 2023 under the ticker symbol "SFWL.

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