The Zhitong Finance App learned that during the US stock market session on May 30 (Tuesday), Shengfeng Logistics (SFWL.US) once rose more than 20%. By the close of trading, the stock had risen 17.66%, closing at 8.66 US dollars. It closed higher for the fourth consecutive trading day, with a total market capitalization of 714 million US dollars.

Since it was successfully listed on NASDAQ on March 31, Shengfeng Logistics's stock price has increased 116.50% cumulatively. According to information, Shengfeng Logistics provides contract logistics services in China, focusing on improving customer efficiency and improving management systems for transportation, warehousing and time management.

At the beginning of May, Shengfeng Logistics published its first financial report since listing. According to financial reports, Shengfeng Logistics achieved revenue of 370 million US dollars in 2022, an increase of 6.8% over the previous year; net profit of 7.826 million US dollars, an increase of 17.8% over the previous year. In the period 2020-2022, Shengfeng Logistics's revenue was US$287 million, US$347 million, and US$370 million respectively, and net profit was US$6.43 million, US$6.644 million, and US$7.826 million. Core financial data maintained a steady upward trend.

Splitting the revenue structure, B2B freight services are Shengfeng Logistics's main revenue source. The revenue of this business in 2020-2022 was 274 million US dollars, 328 million US dollars, and 346 million US dollars respectively, and the share of the company's total revenue remained above 90%; in the same period, revenue from cloud storage services was 124 million US dollars, 169 million US dollars, and 203 million US dollars from value-added services respectively. Major businesses have gone hand in hand, driving the scale of Shengfeng Logistics to the next level.

At the same time, Shengfeng Logistics's operating data is also getting better. According to financial reports, by the end of 2022, Shengfeng Logistics's total transportation volume reached 7.8 million tons, an increase of about 22.64% over the end of the previous year.