Shengfeng Development Limited Strengthens Strategic Alliance with CATL to Pioneer New Energy Logistics Solutions

Financial Performance: Shengfeng Development Limited reported a 16.0% increase in total revenue, reaching approximately $263.4 million for the first half of 2025, driven mainly by growth in transportation services.

Profit and Expenses: Gross profit rose by 14.2% to about $24.1 million, while net income increased by 19.3% to approximately $6.0 million; however, operating expenses also grew by 12.0%.

Operational Highlights: The company experienced a 17.1% increase in net revenues from transportation services, while warehouse storage management services saw a decline of 14.8%, reflecting a strategic focus on transportation.

Future Outlook: Shengfeng aims to sustain growth and improve margins in the latter half of 2025 by leveraging its logistics network and enhancing service capabilities across various industries.

Strategic Partnership Announcement: Shengfeng Development Limited has formed a multi-year partnership with Contemporary Amperex Technology Co., Limited (CATL) valued at approximately 300 million RMB ($42 million USD) to enhance CATL's clean energy supply chain through advanced logistics solutions.

Focus on Sustainability and Innovation: The collaboration emphasizes eco-friendly logistics practices, including the use of alternative energy vehicles and real-time tracking systems, while also exploring next-generation logistics technologies to support the transition towards low-carbon supply chains.