Shengfeng Reports Stable Mid-Year Financials

Shengfeng Development Limited Class A (SFWL) has released an update.

Shengfeng Development Limited’s unaudited financial statements for the first half of 2024 show total assets slightly reduced to $263,778 thousand from $265,838 thousand at the end of 2023, with a notable increase in prepayments and other current assets. Total revenues increased to $227,131 thousand, driven by significant growth in transportation services. Shareholders’ equity saw a modest rise to $117,596 thousand, reflecting a steady financial position.

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