Shengfeng Development Limited operates as a comprehensive logistics and transportation services provider in China through a variable interest entity structure. The company generates revenue from road freight transportation (its largest segment), warehouse storage and management services supported by technology-enabled platforms, a freight transportation digital marketplace connecting shippers and carriers, and ancillary logistics services such as cargo packaging; it charges customers per-shipment fees based on distance and weight, monthly or annual storage fees, platform transaction fees, and service fees. The company maintains a distributed network across major Chinese logistics hubs including Fujian, Beijing, Shanghai, and Guangdong, serving numerous transportation clients through its own fleet and third-party transportation providers, with no single customer exceeding 10% of revenue.
| USD millions | FY2025 |
|---|---|
| Revenue | 572 |
| Net Income | 12 |