Fujian was Shengfeng Development’s largest region in fiscal 2025, bringing in $435.00M of $572.48M (76%).
| Geography | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Fujian | $218.52M | $267.39M | $362.62M | $435.00M | |
| Others | $67.06M | $69.22M | $69.07M | $63.94M | |
| Beijing | $36.96M | $29.11M | $30.72M | $27.71M | |
| Guangdong | $17.85M | $14.13M | $14.34M | $11.62M | |
| Zhejiang | $15.78M | $15.45M | $18.30M | $15.07M | |
| Shangdong | $14.16M | — | — | — | |
| Liaoning | — | $8.82M | $9.11M | $19.15M | |
| Hubei | — | — | — | — | |
| Total | $370.33M | $404.12M | $504.16M | $572.48M |
Shengfeng Development brought in $572.48M from its six regions in fiscal 2025, the year ended December 31, 2025. That is less than the $1.13B it reports by product and service, so these regions do not cover all of its revenue. Fujian was the largest at $435.00M (76.0%), ahead of Others at $63.94M (11.2%) and Beijing at $27.71M (4.8%). The other three regions brought in $45.84M combined.
Compared with fiscal 2024, Liaoning grew fastest, up 110.3% to $19.15M, while Guangdong fell the most, down 19.0% to $11.62M.
Shengfeng Development began breaking out Liaoning in fiscal 2023, when it brought in $8.82M. Shengfeng Development stopped reporting Shangdong as a separate region after fiscal 2022, when it brought in $14.16M.
Transportation Services was Shengfeng Development’s largest product and service line in fiscal 2025, bringing in $554.76M of $1.13B (49%).
| Product and Service | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Transportation Services | — | $383.21M | $484.75M | $554.76M | |
| Transportation | $346.04M | $383.21M | $484.75M | $554.76M | |
| Warehouse Storage Management Service | $20.32M | $18.16M | $16.43M | $14.26M | |
| Others | $3.96M | $2.75M | $2.97M | $3.46M | |
| Total | $370.33M | $787.33M | $988.91M | $1.13B |
Shengfeng Development brought in $1.13B from its four product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 14.0% from $988.91M in fiscal 2024. Transportation Services was the largest at $554.76M (49.2%), ahead of Transportation at $554.76M (49.2%) and Warehouse Storage Management Service at $14.26M (1.3%). The remaining line, Others, brought in $3.46M.
Compared with fiscal 2024, Transportation Services grew 14.4% to $554.76M and Transportation grew 14.4% to $554.76M.
Shengfeng Development began breaking out Transportation Services in fiscal 2023, when it brought in $383.21M.
Transportation was Shengfeng Development’s largest revenue line in fiscal 2020, bringing in $273.69M of $287.46M (95%).
| Income Statement Location | FY 2020 |
|---|---|
| Transportation | $273.69M |
| Warehouse Storage & Storage Management Service | $12.36M |
| Others | $1.42M |
| Total | $287.46M |
Shengfeng Development brought in $287.46M from its three revenue lines in fiscal 2020, the year ended December 31, 2020. Transportation was the largest at $273.69M (95.2%), ahead of Warehouse Storage & Storage Management Service at $12.36M (4.3%) and Others at $1.42M (0.5%).
Shengfeng Development (SFWL) reports its revenue by geography, by product and service and by income statement location. In fiscal 2025, Fujian was its largest region, bringing in $435.00M (76.0% of the total), followed by Others at $63.94M (11.2%).
Fujian was Shengfeng Development's largest region in fiscal 2025, bringing in $435.00M, or 76.0% of the $572.48M total across its six regions.
Transportation Services was Shengfeng Development's largest product and service line in fiscal 2025, bringing in $554.76M, or 49.2% of the $1.13B total across its four product and service lines.
Transportation was Shengfeng Development's largest revenue line in fiscal 2020, bringing in $273.69M, or 95.2% of the $287.46M total across its three revenue lines.
Among Shengfeng Development's regions that make up at least 2% of revenue, Liaoning grew fastest in fiscal 2025, up 110.3% from $9.11M to $19.15M.
Every figure comes from Shengfeng Development's annual financial filings, as reported. Each line keeps the name Shengfeng Development gives it, and years follow its fiscal calendar.
Shengfeng Development's revenue by geography goes back to fiscal 2021, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.