Cheetah Net Supply Chain Service Stock Price, News & Analysis

Cheetah Net Supply Chain Service Inc. (Nasdaq CM: CTNT) is a logistics and warehousing services company that has undergone a strategic transition away from its historical focus on parallel-import vehicle sales. The company describes itself in public filings and press releases as a provider of warehousing and logistics services, with operations centered on international trade flows between the United States and the People’s Republic of China (the “PRC”). Its Class A common stock is listed on The Nasdaq Stock Market LLC under the trading symbol CTNT, and the company is incorporated in North Carolina.

According to its disclosures, Cheetah Net’s continuing operations focus on a logistics and warehousing services segment. This segment was launched through acquisitions and has become the core of the company’s business strategy. Earlier Polygon data describes Cheetah Net as operating in a single segment of logistics and warehousing services, focusing on freight forwarding and related activities for clients shipping goods from the U.S. to mainland China or Hong Kong. Those activities include cargo storage, freight forwarding, U.S. customs clearance, and labor services related to cargo loading and unloading.

Business transformation and strategic focus

Company news releases and SEC filings describe a significant business transformation. Cheetah Net historically operated a parallel-import vehicle business, sourcing vehicles from the U.S. and selling them into the PRC market. Due to challenging market conditions in China and an industry-wide slowdown in parallel-import vehicle sales, the company experienced a sharp decline in vehicle sales volume and margins. In its full year 2024 and 2025 quarterly updates, Cheetah Net reports that this vehicle segment generated substantially lower revenue and, over time, negative margins. On March 5, 2025, the board of directors approved the discontinuation of the parallel-import vehicle business, which is now reported as discontinued operations.

In response to these conditions, Cheetah Net shifted its strategy toward logistics and warehousing. In February 2024, the company acquired Edward Transit Express Group Inc. (“Edward”), described as a California-based common carrier specializing in ocean and air transportation. In December 2024, it acquired TW & EW Services Inc. (“TWEW”), described as a California-based labor and logistics service provider specializing in general labor support services and logistics coordination. These acquisitions form the foundation of Cheetah Net’s logistics and warehousing services segment and are cited in multiple earnings releases as key drivers of revenue from continuing operations.

Operations and services

Based on the company’s own descriptions, Cheetah Net’s logistics and warehousing business includes services such as:

• Warehousing and cargo storage, as referenced in the Polygon description of its logistics and warehousing services.
• Freight forwarding for goods shipped from the U.S. to mainland China or Hong Kong, including ocean freight and air transportation, as described in the Polygon profile and in discussions of Edward’s operations.
• Labor and logistics service operations, including general labor support and logistics coordination, ascribed to TWEW in company news and acquisition announcements.
• U.S. customs clearance and related handling of shipments, as referenced in the Polygon description of its service mix.
• Cargo loading and unloading and related labor services, again drawn from the Polygon description of its logistics offering.

In multiple quarterly results releases for 2025, Cheetah Net reports revenue from its logistics and warehousing services segment and notes that a significant portion of this revenue is contributed by Edward and TWEW. The company also discloses that cost of revenue in this segment is mainly associated with labor and logistics costs for TWEW and ocean freight service costs for Edward.

Geographic footprint and headquarters

Cheetah Net’s public communications describe a relocation of its headquarters to California as part of its strategic shift. In a March 2025 full-year 2024 results release, the company states that it relocated its headquarters from Charlotte, North Carolina to Irvine, California in July 2024. The company explains that this move was intended to support its logistics and warehousing business by placing management closer to the Southern California market and the ports of Los Angeles and Long Beach, and to benefit from regional logistics networks and labor availability. The company’s 8-K filings list an Irvine, California location and confirm its status as a North Carolina corporation.

Financial reporting and segment information

Cheetah Net’s financial reporting distinguishes between continuing operations (logistics and warehousing services) and discontinued operations (parallel-import vehicle business). In its 2024 annual results and subsequent 2025 quarterly releases, the company reports:

• Total revenues, cost of revenues, and gross profit from the logistics and warehousing business following the acquisitions of Edward and TWEW.
• General and administrative expenses associated with supporting the logistics and warehousing and labor services segments, including personnel-related expenses, rental and leases, recruiting, insurance, depreciation and amortization, and other miscellaneous expenses.
• Interest income primarily driven by short-term loan receivables and certificates of deposit funded by proceeds from public offerings.
• Net losses from continuing operations reflecting the early-stage nature of the logistics and warehousing segment and ongoing operating expenses.
• For discontinued operations, sharp declines in revenue from parallel-import vehicles, cost of revenues, and associated selling and interest expenses, as well as credit losses on aged accounts receivable.

The company’s liquidity discussions in its 2024 annual report and 2025 quarterly releases emphasize current assets consisting of cash and cash equivalents, loan receivables, other receivables, and prepaid expenses, along with current and long-term liabilities such as operating lease liabilities, long-term borrowings, and other payables. Management states that it is working to improve liquidity and capital sources through cash generation from operations, debt financing, and, if needed, financial support from its principal stockholder or additional equity financing.

Capital markets activity and corporate actions

Cheetah Net’s SEC filings and news releases describe several capital markets and corporate governance actions:

• An initial public offering in August 2023, referenced in later filings as a source of capital for operations and debt reduction.
• Follow-on public offerings in May and July 2024, including a July 26, 2024 follow-on offering of Class A common stock, with net proceeds used for working capital and general corporate purposes.
• A reverse stock split of the company’s common stock at a ratio of 1-for-16, approved in 2024 and effective October 21, 2024, after which the Class A common stock began trading on Nasdaq on a post-split basis.
• A stock incentive plan adopted and approved in 2024, under which stock awards of Class A and Class B common stock were granted and share-based compensation expenses recognized.
• In 2025, proxy materials and 8-K filings describe stockholder approval of a Fifth Amended and Restated Articles of Incorporation to effect a potential reverse stock split within a specified range, and approval of a potential issuance of shares in excess of 20% of outstanding common stock upon conversion of certain convertible notes, if required under Nasdaq rules.

Corporate governance and status

Cheetah Net files periodic reports and current reports with the U.S. Securities and Exchange Commission and identifies itself as an emerging growth company under applicable SEC rules. A 2025 definitive proxy statement outlines its board structure, committees, and governance practices, including the election of directors, ratification of the independent registered public accounting firm, and stockholder voting procedures. The company’s Class A common stock remains registered under Section 12(b) of the Securities Exchange Act of 1934 and is listed on the Nasdaq Capital Market, as confirmed in multiple 8-K filings.

Overall, Cheetah Net Supply Chain Service Inc. presents itself as a logistics and warehousing services company that has transitioned away from parallel-import vehicle trading to focus on freight forwarding, warehousing, and labor-based logistics services linked to international trade between the U.S. and the PRC. Its public disclosures emphasize the impact of trade policy, tariff conditions, and macroeconomic factors on its logistics volumes, as well as its efforts to manage costs, integrate acquired businesses, and maintain liquidity.