• Shengfeng Development’s management commentary for the six months ended June 30, 2026 cited net revenue up 18.4% to USD 311.8 million.
• Transportation services drove the gain, rising 18.4% to USD 301.6 million on expanded services with existing clients.
• Warehouse storage management revenue increased 14.9% to USD 8.1 million, attributed to new client wins.
• Gross margin narrowed to 8.6% from 9.1% as management pointed to competitive pricing pressure in China’s contract logistics market.
• Net income rose 9.6% to USD 6.6 million; selling and marketing expense fell 20.4% on restructuring-driven headcount reductions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shengfeng Development Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-099980), on September 15, 2026, and is solely responsible for the information contained therein.