← SHENGFENG DEVELOPMENT Ltd
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Net income | $6.0m |
$6.6m
+9.95%
|
$7.8m
+17.79%
|
$10.3m
+31.71%
|
$10.8m
+5.03%
|
$12.2m
+12.76%
|
$12.2m
0.00%
|
|
| Depreciation and amortization of property and equipment | $4.7m | $5.9m | $7.0m | $6.4m | $6.4m | $6.4m | $11.5m | |
| Amortization of operating lease expense | $8.6m | $9.5m | $10.8m | $9.3m | $6.6m | $4.6m | — | |
| Amortization of intangible assets | $493k | $542k | $526k | $591k | $652k | $452k | — | |
| Deferred income taxes | $1.3m | $1.5m | $1.2m | $1.5m | $589k | $341k | $341k | |
| Loss (income) from equity method investment | ($55k) | ($70k) | ($82k) | ($19k) | ($15k) | $41k | — | |
| Accounts receivable | ($18.7m) | ($3.2m) | ($17.0m) | ($10.7m) | ($31.2m) | ($5.8m) | ($10.3m) | |
| Accounts payable | $14.0m | $2.5m | $7.9m | $4.5m | $29.3m | ($1.1m) | ($1.1m) | |
| Tax payables | $2.3m | ($458k) | ($453k) | $105k | $779k | $1.0m | — | |
| Accrued expenses and other current liabilities | $1.8m | $110k | $551k | $177k | ($8.2m) | $2.0m | — | |
| Prepayments and other current assets | ($5.0m) | ($2.3m) | ($2.0m) | $3.5m | $4.8m | $3.3m | — | |
| Net cash provided by operating activities | $2.3m |
$16.6m
+611.49%
|
$6.9m
-58.23%
|
$12.1m
+74.79%
|
$15.0m
+23.92%
|
$16.1m
+7.26%
|
$16.1m
0.00%
|
|
| (Gain) loss on disposal of property and equipment | $180k | $145k | $89k | ($283k) | $315k | ($57k) | — | |
| Purchase of property and equipment | ($7.9m) | ($25.4m) | ($6.9m) | ($10.8m) | ($29.5m) | ($19.0m) | ($19.0m) | |
| Proceeds from disposal of property and equipment | $118k | $1.3m | $533k | $1.2m | $1.3m | $255k | — | |
| Liabilities (settled) incurred for purchase of property and equipment | $2.0m | $2.6m | ($1.2m) | ($387k) | $344k | ($362k) | — | |
| Investments deposit refund | — | — | — | $5.7m | $6.8m | $1.6m | — | |
| Investments deposit | — | — | — | — | ($9.1m) | — | — | |
| Purchase of long-term investments | — | — | — | — | — | ($6.2m) | — | |
| Net cash used in investing activities | ($7.8m) | ($23.9m) | ($6.7m) | ($18.8m) | ($32.6m) | ($37.4m) | ($37.4m) | |
| Dividend received from investment | — | — | — | $114k | — | — | — | |
| Dividend to non-controlling shareholders | ($43k) | — | ($254k) | — | — | ($28k) | — | |
| Net cash provided by financing activities | $13.1m |
($2.1m)
-116.18%
|
$6.0m
+384.39%
|
$13.2m
+118.07%
|
$29.1m
+120.39%
|
$18.8m
-35.27%
|
$18.8m
0.00%
|
|
| Net (decrease) increase in cash, cash equivalents and restricted cash | $9.4m | ($8.9m) | $4.5m | $5.9m | $10.9m | ($1.6m) | — | |
| Cash, cash equivalents and restricted cash, beginning of year | $27.8m | $18.9m | $23.4m | $29.3m | $40.2m | $38.6m | — | |
| Effects of exchange rate changes on cash, cash equivalents and restricted cash | $1.7m | $538k | ($1.8m) | ($558k) | ($533k) | $867k | — | |
| Restricted cash | $467k | $275k | $2.1m | $2.6m | $5.5m | $3.3m | — | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| (Recovery of) provision for credit losses | — | $447k | $1.2m | $566k | $88k | ($95k) | — | |
| (Gain) loss from disposal of subsidiaries | — | $247k | — | $90k | ($8k) | — | — | |
| Notes receivable | ($1.6m) | $9.4m | ($1.0m) | ($682k) | ($724k) | ($111k) | — | |
| Due from related parties | $226k | $30k | $600k | ($40k) | ($626k) | ($4.4m) | — | |
| Other non-current assets | ($6.0m) | ($3.8m) | — | ($3.7m) | $2.9m | $945k | — | |
| Due to related parties | $395k | ($652k) | $600k | ($600k) | $8k | $110k | — | |
| Salary and welfare payable | $1.3m | $419k | ($965k) | $1.5m | ($1.5m) | $2.4m | — | |
| Operating lease liabilities | ($8.5m) | ($9.4m) | ($11.3m) | ($9.4m) | ($6.8m) | ($4.5m) | — | |
| Other non-current liabilities | $225k | $4k | $539k | $500k | $880k | ($1.6m) | — | |
| Loan to a related party | — | — | — | — | — | ($2.8m) | — | |
| Loan to third parties | — | — | — | — | ($5.8m) | ($11.4m) | — | |
| Loan repaid from a third party | — | — | — | — | $2.8m | — | — | |
| Purchase of intangible assets | ($19k) | ($284k) | ($340k) | ($17.9m) | ($9.1m) | — | — | |
| Proceeds from disposal of subsidiaries | — | $480k | — | $51k | $9.7m | — | — | |
| Consideration deposit received from third parties | — | — | — | $2.8m | $140k | — | — | |
| Proceeds from initial public offering | — | — | — | $8.5m | — | — | — | |
| Proceeds from notes payable | — | — | $2.1m | $7.2m | $34.0m | $9.1m | — | |
| Repayments of notes payable | — | — | — | ($2.0m) | ($27.4m) | ($15.0m) | — | |
| Proceeds from short-term bank loans | $62.3m | $62.6m | $61.3m | $46.4m | $50.3m | $54.4m | — | |
| Repayments of short-term bank loans | ($50.0m) | ($67.6m) | ($55.5m) | ($48.7m) | ($46.5m) | ($50.2m) | — | |
| Proceeds from long-term bank loans | — | — | — | — | $16.5m | $19.5m | — | |
| Capital contribution from non-controlling shareholders | $277k | $3.4m | — | $556k | $2.1m | $238k | — | |
| Payment of deferred issuance costs | — | — | ($81k) | ($279k) | — | — | — | |
| Loans from third parties | — | — | — | — | — | $1.2m | — | |
| Repayment to a third party | — | — | — | — | — | ($600k) | — | |
| Advance from a third-party | — | — | — | $7.2m | — | — | — | |
| Cash paid for income tax | $268k | $247k | $187k | $634k | $589k | $1.5m | — | |
| Cash paid for interest | $2.0m | $2.2m | $2.2m | $1.8m | $1.9m | $2.3m | — | |
| Operating lease right-of-use assets extinguished in exchange for operating lease liabilities | — | $12.2m | $9.7m | ($1.3m) | ($2.1m) | ($181k) | — | |
| Disposition consideration settled by long term investment | — | — | — | — | — | $700k | — | |
| Reclassification of deferred issuance costs | — | — | — | $81k | — | — | — | |
| Cash and cash equivalents | — | $18.6m | $21.3m | $26.7m | $34.7m | $35.3m | $40.2m |