Cheetah Net Supply Chain Reports 2024 Financials
Ticker: CTNT · Form: 10-K · Filed: Mar 12, 2025 · CIK: 1951667
Sentiment: neutral
Topics: financials, 10-K, supply-chain
TL;DR
Cheetah Net's 2024 10-K shows $321.9M assets, $267.2M liabilities, $54.7M equity. FY ended 12/31/24.
AI Summary
Cheetah Net Supply Chain Service Inc. filed its 2024 10-K on March 12, 2025, reporting its financial performance for the fiscal year ending December 31, 2024. The company, based in Irvine, CA, operates in the wholesale of motor vehicles and parts. Key financial figures for the period include total assets of $321.89 million and total liabilities of $267.20 million, resulting in total equity of $54.69 million.
Why It Matters
This filing provides investors with a comprehensive overview of Cheetah Net's financial health and operational performance for the past fiscal year, crucial for investment decisions.
Risk Assessment
Risk Level: medium — The company's liabilities ($267.20 million) are significantly higher than its equity ($54.69 million), indicating a leveraged financial position.
Key Numbers
- $321.89M — Total Assets (As of December 31, 2024)
- $267.20M — Total Liabilities (As of December 31, 2024)
- $54.69M — Total Equity (As of December 31, 2024)
- $1.12M — Revenue (For the fiscal year 2024)
- $0.60M — Net Income (For the fiscal year 2024)
Key Players & Entities
- CHEETAH NET SUPPLY CHAIN SERVICE INC. (company) — Filer
- 2024-12-31 (date) — Fiscal Year End
- 2025-03-12 (date) — Filing Date
- Irvine, CA (location) — Business Address
- Juguang Zhang (person) — Related Party Member
- Edward Transit Express Group Inc. (company) — Related Party Member
- TW And EW Services Inc (company) — Related Party Member
FAQ
What was Cheetah Net's net income for the fiscal year ending December 31, 2024?
Cheetah Net reported a net income of $0.60 million for the fiscal year ending December 31, 2024.
What is the company's primary business activity?
The company's Standard Industrial Classification is Wholesale-Motor Vehicles & Motor Vehicle Parts & Supplies [5010].
When was the 10-K filing submitted to the SEC?
The 10-K filing was submitted on March 12, 2025.
What are the total assets reported by Cheetah Net as of December 31, 2024?
Cheetah Net reported total assets of $321.89 million as of December 31, 2024.
Are there any significant related parties mentioned in the filing?
Yes, related parties mentioned include Juguang Zhang, Edward Transit Express Group Inc., and TW And EW Services Inc.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 12, 2025 by Juguang Zhang regarding CHEETAH NET SUPPLY CHAIN SERVICE INC. (CTNT).