Shengfeng Development Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020
Revenue	404.12	370.33	346.7	287.46
Revenue Growth (YoY)	9.13%	6.81%	20.61%	-
Cost of Revenue	357.62	328.79	305.35	251.49
Gross Profit	46.51	41.53	41.35	35.98
Selling, General & Admin	32.6	31.69	32.76	29.77
Operating Expenses	32.6	31.69	32.76	29.77
Operating Income	13.91	9.85	8.59	6.2
Interest Expense / Income	1.78	2.23	2.32	1.99
Other Expense / Income	-0.48	-1.77	-2.14	-3.45
Pretax Income	12.61	9.39	8.42	7.66
Income Tax	2.32	1.6	1.52	1.57
Net Income	10.29	7.79	6.9	6.09
Net Income Growth	32.19%	12.89%	13.25%	-
Shares Outstanding (Basic)	82	80	80	80
Shares Outstanding (Diluted)	82	80	80	80
Shares Change	2.26%	-	-	-
EPS (Basic)	0.13	0.10	0.09	0.08
EPS (Diluted)	0.13	0.10	0.09	0.08
EPS Growth	30.00%	11.11%	12.50%	-
Free Cash Flow	2.55	0.56	-0.86	-5.47
Free Cash Flow Per Share	0.03	0.01	-0.01	-0.07
Gross Margin	11.51%	11.22%	11.93%	12.51%
Operating Margin	3.44%	2.66%	2.48%	2.16%
Profit Margin	2.55%	2.10%	1.99%	2.12%
Free Cash Flow Margin	0.63%	0.15%	-0.25%	-1.90%
Effective Tax Rate	18.39%	17.04%	18.03%	20.49%
EBITDA	30.76	29.91	26.75	23.46
EBITDA Margin	7.61%	8.08%	7.71%	8.16%
Depreciation & Amortization	16.37	18.29	16.02	13.81
EBIT	14.39	11.61	10.73	9.65
EBIT Margin	3.56%	3.14%	3.09%	3.36%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).