Shengfeng Development Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Operating Revenue	443.79	401.37	366.36	344.73	286.05	231.22
Other Revenue	2.49	2.75	3.96	1.97	1.42	1.39
Revenue	446.28	404.12	370.33	346.7	287.46	232.61
Revenue Growth (YoY)	14.80%	9.13%	6.81%	20.61%	23.58%	-
Cost of Revenue	401.47	357.62	328.79	305.35	251.49	203.28
Gross Profit	44.82	46.51	41.53	41.35	35.98	29.33
Selling, General & Admin	32.82	32.6	31.69	32.76	29.77	26.79
Operating Expenses	32.82	32.6	31.69	32.76	29.77	26.79
Operating Income	12	13.91	9.85	8.59	6.2	2.54
Interest Expense	-1.67	-1.78	-2.23	-2.32	-1.99	-1.29
Interest & Investment Income	0.11	0.13	1.27	1.33	1.33	0.05
Other Non Operating Income (Expenses)	0.25	0.37	0.53	0.56	2.07	0.92
Pretax Income	10.41	12.63	9.43	8.16	7.61	2.22
Income Tax Expense	1.55	2.32	1.6	1.52	1.57	0.29
Earnings From Continuing Operations	8.86	10.31	7.83	6.64	6.04	1.93
Minority Interest in Earnings	0.03	-0.01	-0.04	0.25	0.05	-0.02
Net Income	8.89	10.29	7.79	6.9	6.09	1.91
Net Income to Common	8.89	10.29	7.79	6.9	6.09	1.91
Net Income Growth	-24.54%	32.19%	12.89%	13.25%	218.90%	-
Shares Outstanding (Basic)	82	82	80	80	80	80
Shares Outstanding (Diluted)	82	82	80	80	80	80
Shares Change (YoY)	2.34%	2.26%	-	-	-	-
EPS (Basic)	0.11	0.13	0.10	0.09	0.08	0.02
EPS (Diluted)	0.11	0.13	0.10	0.09	0.08	0.02
EPS Growth	-26.26%	29.28%	12.89%	13.25%	218.90%	-
Free Cash Flow	-29.27	1.33	0.02	-2.19	-5.59	-3.8
Free Cash Flow Per Share	-0.35	0.02	0.00	-0.03	-0.07	-0.05
Gross Margin	10.04%	11.51%	11.21%	11.93%	12.51%	12.61%
Operating Margin	2.69%	3.44%	2.66%	2.48%	2.16%	1.09%
Profit Margin	1.99%	2.55%	2.10%	1.99%	2.12%	0.82%
Free Cash Flow Margin	-6.56%	0.33%	0.01%	-0.63%	-1.94%	-1.63%
EBITDA	19.12	20.94	17.33	15.05	11.43	8.1
EBITDA Margin	4.28%	5.18%	4.68%	4.34%	3.97%	3.48%
D&A For EBITDA	7.12	7.04	7.48	6.47	5.22	5.56
EBIT	12	13.91	9.85	8.59	6.2	2.54
EBIT Margin	2.69%	3.44%	2.66%	2.48%	2.16%	1.09%
Effective Tax Rate	14.88%	18.37%	16.97%	18.59%	20.62%	13.19%
Revenue as Reported	446.28	404.12	370.33	346.7	287.46	232.61
Advertising Expenses	-	0.1	0.05	0.08	0.06	0.04

Source: S&P Capital IQ. Standard template. Financial Sources.