Cheetah Net Supply Chain Service CTNT · USD
Consumer Discretionary · US listing · 🇺🇸 United States
1.67
+6.37%
Close of 9 Nov 2026, in USD
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About Cheetah Net Supply Chain Service
From its filings with the US Securities and Exchange Commission
Cheetah Net Supply Chain Service is based in Irvine, California and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker CTNT. The SEC classifies its business as wholesale-motor vehicles & motor vehicle parts & supplies. In the fiscal year to 31 December 2025, it reported revenue of $1.3m and a net loss of $3.6m. At that date it held total assets of $11.9m and shareholders' equity of $9.4m.
Between 2016 and the first half of 2022, we experienced growth in sales volume and gross profit in the parallel-import vehicle business due to favorable market conditions. Beginning in the second half of 2023, the business was negatively affected by a decline in customer demand due to weakening macroeconomic conditions, price competition from luxury automakers in the PRC, and a shift in consumer preference toward domestic electric vehicles (“EVs”). These market challenges led to a decline in parallel-import vehicle sales by 30.5% in 2023, and 95.7% in 2024, with vehicle sales declining to 14 units in 2024 from 303 units in 2023. In addition, we recorded a credit loss of $1.6 million for the year ended December 31, 2024, due to the increasing difficulty in collecting outstanding receivables.
On March 3, 2025, our board of directors approved the discontinuation of the Company’s parallel-import vehicle business.
We shifted its business focus since February 2024 by acquiring Edward Transit Express Group Inc. (“Edward”), a California-based common carrier specializing in ocean transportation services, to start our logistics and warehousing operations. Beginning in the second quarter of 2024, we increased our marketing staff to pursue new business opportunities and focus on international trade flows between the PRC and the U.S.
Quoted from its 10-K, filed 20 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Consumer Discretionary
- Industry
- Distributors
- Listed since
- 1 Aug 2023
- Employees
- 20
- Website
- cheetah-net.com ↗
- Head office
- 8707 RESEARCH DRIVE, IRVINE, CA, 92618
- Incorporated in
- DE
- Classification
- Wholesale-Motor Vehicles & Motor Vehicle Parts & Supplies
- Filer status
- <br>Emerging growth company
Leadership
Pay as last reported
- Mr. Huan LiuChairman of the Board, Chief Executive Officer, since 2016$333,666
- Ms. Cindy TangChief Financial Officer
- Mr. Xianggeng HuangDirector$50,000
- Ms. Huiping ChenIndependent Director$20,000
- Mr. Huibo DengIndependent Director$10,000
- Mr. Xiangan RuanIndependent Director$1,539
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Cheetah Net Supply Chain Service Inc. supplies luxury vehicles like Mercedes and BMW to PRC dealers through parallel imports.
- The company owns subsidiaries such as Allen-Boy International LLC and Canaan International LLC for parallel-import operations.
- Cheetah Net Logistics LLC supports the supply chain for parallel-import vehicle distribution in the U.S. and PRC markets.
Weaknesses
- The company has only 20 employees, limiting operational capacity in the Distributors industry.
- Cheetah Net Supply Chain Service Inc. relies solely on parallel-import vehicle sales without diversification.
- The firm's IPO on 1 August 2023 indicates limited market presence and experience.
Opportunities
- Expanding parallel-import vehicle sales to new luxury brands beyond Mercedes and BMW in the PRC market.
- Increasing partnerships with U.S. dealers to source more luxury vehicles for the PRC market.
- Growing demand for parallel-import vehicles in the People’s Republic of China (PRC) market.
Threats
- Regulatory changes in the PRC could restrict parallel-import vehicle sales to dealers.
- Competition from official brand distributors in the PRC market for luxury vehicles.
- Economic downturns affecting luxury vehicle purchases in both U.S. and PRC markets.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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