Shengfeng Development Limited
NNASDAQ:SFWLCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Yong Xu Liu
- Full Time Employees
- 1,416
- Sector
- Transportation
- Industry
- Air freight/Couriers
- Address
- Shengfeng Building Fuzhou FU China 350001
- IPO Date
- Apr 3, 2023
- CIK
- 0001863218
- Website
- ir.sfwl.com.cn
- Similar Companies
- Business
- Shengfeng Development Limited is a China-based integrated logistics solutions provider specializing in contract logistics services. Established in 2001 and headquartered in Fuzhou, the company operates extensive transportation networks covering over 380 cities across 32 provinces in China. Shengfeng’s core offerings include business-to-business freight transportation services such as full truckload and less-than-truckload delivery; cloud storage services encompassing warehouse management, order fulfillment, delivery process management, in-warehouse processing, and inventory optimization; and various value-added services such as collection on delivery, customs declaration, delivery upstairs, packaging, pay-at-arrival, return proof of delivery, and shipment protection. The company serves clients across multiple industries, including manufacturing, energy, telecommunications, internet, fashion, fast-moving consumer goods, publishing, agriculture, and e-commerce. In recent developments, Shengfeng has significantly expanded its strategic focus on the new energy vehicle (NEV) sector through a major multi-year strategic alliance with Contemporary Amperex Technology Co. Limited (CATL), a global leader in battery manufacturing. This partnership, initiated in early 2025 and valued at approximately 300 million RMB (around 42 million USD), engages Shengfeng in managing the nationwide transportation and distribution of CATL’s battery components and finished products. To support this, Shengfeng completed its Ningde Shengfeng Smart Logistics Center in late 2024, an advanced automation-enabled facility designed primarily to serve CATL, which incorporates tailored energy storage solutions and real-time tracking technology, enhancing supply chain visibility and efficiency. Furthermore, Shengfeng has integrated eco-friendly logistics practices, including alternative energy vehicles in its fleet, aligning with its sustainability commitments. The company has also expanded into emerging sectors such as the low-altitude logistics market in China, leveraging drone technology for efficient delivery solutions in high-demand and remote areas, further diversifying its portfolio. Despite aggressive capital deployment and temporary margin compression due to competitive pricing in its growth phase, Shengfeng maintains a strong focus on innovation, sustainability, and operational efficiencies to drive long-term margin recovery. Its comprehensive logistics platform and strategic alignment with fast-growing sectors position Shengfeng Development Limited as a leading player in China’s logistics industry.
Company News
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