Cheetah Net Supply Chain Service Inc Dossier
Qualitative Analysis
Business overview
Cheetah Net Supply Chain Service Inc. (Nasdaq: CTNT) is a logistics and warehousing services provider that has undergone a complete business model transformation. Historically, the company operated as a parallel-import vehicle dealer, sourcing luxury vehicles in the U.S. to be sold in the PRC market. Due to severe macroeconomic headwinds, lockdowns, and shifting consumer preferences in China, the company experienced a sharp decline in vehicle sales volume and margins. Consequently, on March 5, 2025, the Board of Directors approved the formal discontinuation of the parallel-import vehicle business. Cheetah Net has since pivoted entirely to logistics, warehousing, freight forwarding, customs clearance, and labor-based supply chain services. To support this transition and leverage proximity to major trade hubs, the company relocated its headquarters to Irvine, California, near the Ports of Los Angeles and Long Beach.
Research as of 20 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Following a severe downturn in the parallel-import vehicle market, the company formally discontinued its parallel-import vehicle business in March 2025 and pivoted entirely to logistics, warehousing, and labor services.
Expected impact: Reposition the company as a comprehensive supply chain solutions provider and establish a more stable, diversified revenue base.
Expanding the company's business footprint beyond traditional logistics into cross-border trading of large-scale industrial equipment through the acquisition of Hong Kong-based Super International Trading Limited.
Expected impact: Unlocks international trade opportunities, leverages existing logistics infrastructure, and targets a minimum of $10 million in annual revenue.
Implementing strict cost-saving measures to reduce selling, general, and administrative expenses while utilizing private placements and at-the-market (ATM) financing to preserve financial flexibility.
Expected impact: Narrow operating losses, mitigate the impact of global trade tensions, and maintain sufficient liquidity for strategic pivots.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
To expand Cheetah Net's business footprint into Hong Kong-based large-scale industrial equipment trading and create cross-border synergies with its existing logistics infrastructure.
Financial impact: Includes a post-closing performance covenant where the seller guarantees a minimum of $10 million in annual revenue for three years, with cash compensation for any shortfalls, and earn-out incentives for exceeding the threshold over five years.
To acquire a California-based labor and logistics service provider, enhancing Cheetah Net's warehousing capabilities and container loading/unloading workforce services.
Financial impact: Contributed $1,073,726 (83.3% of total revenue) for the fiscal year ended December 31, 2025, though revenue declined in early 2026 due to tariff policy changes.