---
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"
generated_at: "2026-06-04T16:01:40.922641+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cheetah Net FY2023 revenue down 30.5% to $38.4M; net income $0.1M; acquires Edward Transit for $1.5M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-035557
- JSON: https://secwatch.observer/filing/0001104659-24-035557.json
- Plain text: https://secwatch.observer/filing/0001104659-24-035557.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fiscal year ended December 31, 2023
  - Revenue: $38.4 million
  - Net income: $0.1 million
  - EPS: $0.01 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1951667/000110465924035557/0001104659-24-035557-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.