The Zhitong Finance App learned that Shengfeng Logistics (SFWL.US) released its 2023 financial report on March 29. According to financial reports, the company's annual revenue reached 2.85 billion yuan, up 14% year on year, and net profit reached 72.5 million yuan, up 35% year on year. In dollar terms, the company's revenue scale was about US$404 million, up 9% year on year (digital fluctuation due to exchange rate factors), and net profit was about US$10.31 million, up 32% year on year.

Currently, the company's main business covers the three major segments of B2B freight services, cloud warehousing services and value-added services. Among them, B2B freight service revenue reached 383 million US dollars, accounting for about 94.8% of the company's total revenue, an increase of 10.7% over the previous year; the revenue scale of cloud warehousing services reached 18.16 million US dollars, and value-added services reached 2.75 million US dollars.

The Zhitong Finance App learned that Shengfeng Logistics (SFWL.US) was listed on NASDAQ on March 31, 2023, and issued a total of 2.4 million shares. In addition, in November 23, the company and Ningde Times jointly held the “New Lithium Journey · Xinfengxiang” Fengxin Era Lepidolite Concentrate Powder Electric Heavy Truck Transportation and Power Exchange Station Launch Ceremony. According to reports, the total investment of the project is expected to be 180 million yuan. It is expected to invest 200 special flat push trailers for powder transportation, 100 electric heavy trucks, and support two power exchange stations.