{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-035557","form_type":"8-K","ticker":"CTNT","cik":"0001951667","company_name":"CHEETAH NET SUPPLY CHAIN SERVICE INC.","filed_at":"2024-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.365307+00:00","generated_at":"2026-06-04T16:01:40.922641+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Cheetah Net FY2023 revenue down 30.5% to $38.4M; net income $0.1M; acquires Edward Transit for $1.5M","bullets":["Revenue $38.4M, down 30.5% YoY from $55.2M; net income $0.1M ($0.01 EPS) vs $0.8M ($0.05) in 2022.","Operating income $1.4M vs $2.1M; cash $0.4M; working capital $7.5M as of Dec 31, 2023.","Acquired Edward Transit Express Group for $1.5M in Feb 2024 to launch warehousing and logistics services.","PRC luxury vehicle market slowdown compressed margins; company pivoting to international trade services beyond autos."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-035557","json":"https://secwatch.observer/filing/0001104659-24-035557.json","markdown":"https://secwatch.observer/filing/0001104659-24-035557.md","text":"https://secwatch.observer/filing/0001104659-24-035557.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1951667/000110465924035557/0001104659-24-035557-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1951667/000110465924035557/tm249043d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T16:01:40.922641+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"82b147eb6f5875c4099382b25edd444d79141823","claim":"CHEETAH NET SUPPLY CHAIN SERVICE INC. reported the fiscal year ended December 31, 2023 results: revenue $38.4 million, net income $0.1 million, EPS $0.01 per share.","evidence_excerpt":"focus on the most popular vehicles in the luxury end of the market, where profit opportunities can still be realized. · The Company’s 2023 sales declined by 30.5% from 2022, to $38.4 million due to lower sales volume. Net profit after tax amounted to $0.1 million, and positive cash flow from operations rose to $5.6 million. The Company ended 2023 with a cash balance","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1951667/000110465924035557/0001104659-24-035557-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2023"},{"label":"Revenue","value":"$38.4 million"},{"label":"Net income","value":"$0.1 million"},{"label":"EPS","value":"$0.01 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}