Shengfeng Development Ltd. Reports 14.3% Increase in Revenues and 13.6% Rise in Net Income for H1 2025
Shengfeng Development Ltd. has released its financial results for the six months ended June 30, 2025. The company reported total revenues of $256.54 million, marking an increase from $224.43 million in the same period of the previous year. Net income also saw an upward trend, reaching $5.57 million compared to $4.43 million in the prior year. The comprehensive income attributable to Shengfeng Development Limited amounted to $6.37 million, an increase from $4.36 million in the previous year. The company reported a foreign currency translation adjustment of $0.54 million, which contributed to the total comprehensive income. Shengfeng Development Ltd. continues to conduct its business operations with its functional currency, the Renminbi (RMB), while reporting in U.S. dollars. The information provided in this report is intended to be read in conjunction with the company's annual financial statements for the fiscal year ended December 31, 2024.
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