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Cheetah Net Supply Chain Service | 10-K: FY2024 Annual Report

Cheetah Net Supply Chain Service | 10-K: FY2024 Annual Report

Cheetah Net Supply Chain Service | 10-K:2024財年年報
美股SEC公告 ·  03/12 21:06

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Cheetah Net Supply Chain Service reported FY2024 revenue of $455,805 from continuing logistics operations, while discontinued vehicle import business generated $1.6 million, down 95.7% YoY from $38.3 million. The company posted a net loss of $5.2 million for 2024, compared to net income of $133,870 in 2023, primarily due to business transition costs and credit losses.The company completed strategic acquisitions of Edward Transit Express and TW & EW Services in 2024 to establish its logistics and warehousing platform. These acquisitions brought capabilities in ocean freight forwarding, warehousing, and labor services, marking Cheetah Net's pivot away from parallel-import vehicles. The company relocated headquarters to Irvine, California to strengthen its logistics focus near major ports.Management formally discontinued the parallel-import vehicle business in March 2025 due to weakening demand and market challenges in China. The company maintains a strong balance sheet with $1.7 million in cash and $10.2 million in working capital as of December 31, 2024, providing runway to execute its logistics-focused strategy.
Cheetah Net Supply Chain Service reported FY2024 revenue of $455,805 from continuing logistics operations, while discontinued vehicle import business generated $1.6 million, down 95.7% YoY from $38.3 million. The company posted a net loss of $5.2 million for 2024, compared to net income of $133,870 in 2023, primarily due to business transition costs and credit losses.The company completed strategic acquisitions of Edward Transit Express and TW & EW Services in 2024 to establish its logistics and warehousing platform. These acquisitions brought capabilities in ocean freight forwarding, warehousing, and labor services, marking Cheetah Net's pivot away from parallel-import vehicles. The company relocated headquarters to Irvine, California to strengthen its logistics focus near major ports.Management formally discontinued the parallel-import vehicle business in March 2025 due to weakening demand and market challenges in China. The company maintains a strong balance sheet with $1.7 million in cash and $10.2 million in working capital as of December 31, 2024, providing runway to execute its logistics-focused strategy.
獵豹網供應鏈服務報告了2024財年的營業收入爲455,805美元,來自持續的物流業務,而停用的車輛進口業務產生了160萬人民幣,同比下降95.7%,從3830萬人民幣降至520萬人民幣。該公司2024年的淨虧損爲520萬人民幣,2023年則實現凈利潤133,870美元,主要由於業務轉型成本和信用損失。該公司在2024年完成了對愛德華交通快遞和TW & EW服務的戰略收購,以建立其物流和倉儲平台。這些收購增加了海運貨代、倉儲和勞務服務的能力,標誌着獵豹網開始逐步退出平行進口車輛業務。公司將總部遷至加利福尼亞州歐文,以加強其在主要港口附近的物流重點。由於需求疲軟和中國市場的挑戰,管理層於2025年3月正式停止了平行進口車輛業務。截至2024年12月31日,公司保持強勁的資產負債表,現金170萬人民幣,流動資金1020萬人民幣,爲執行其以物流爲重點的策略提供了資金支持。
獵豹網供應鏈服務報告了2024財年的營業收入爲455,805美元,來自持續的物流業務,而停用的車輛進口業務產生了160萬人民幣,同比下降95.7%,從3830萬人民幣降至520萬人民幣。該公司2024年的淨虧損爲520萬人民幣,2023年則實現凈利潤133,870美元,主要由於業務轉型成本和信用損失。該公司在2024年完成了對愛德華交通快遞和TW & EW服務的戰略收購,以建立其物流和倉儲平台。這些收購增加了海運貨代、倉儲和勞務服務的能力,標誌着獵豹網開始逐步退出平行進口車輛業務。公司將總部遷至加利福尼亞州歐文,以加強其在主要港口附近的物流重點。由於需求疲軟和中國市場的挑戰,管理層於2025年3月正式停止了平行進口車輛業務。截至2024年12月31日,公司保持強勁的資產負債表,現金170萬人民幣,流動資金1020萬人民幣,爲執行其以物流爲重點的策略提供了資金支持。
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