Cheetah Net Supply Chain Service Inc.

What they do

The company operates two principal business areas: logistics and warehousing (through TWEW, after disposing of Edward in April 2026) and international trading (through Super International, acquired in May 2026). Logistics services include coordination, warehousing, and general labor support. International trading involves sourcing, purchasing, and selling large-scale industrial equipment in international markets.

Revenue drivers

• Logistics and warehousing (TWEW) — Provides loading, unloading, and other labor services; revenue was $nil in Q2 2026, down from $354,126 in Q2 2025, due to disposal of Edward and lower TWEW revenue.
• International trading (Super International) — Generated $660,000 (76% of total revenue) in Q2 2026, following acquisition on May 27, 2026; revenue from trading large-scale industrial equipment.
• Parent company trading activities — Contributed $208,909 (24% of Q2 2026 revenue) from international trading activities at the Cheetah level.

Recent performance

For Q2 2026, total revenue was $868,909, up 145.4% from $354,126 in Q2 2025. Operating loss widened 12.9% to $881,797, but net income from continuing operations was $71,045, a $583,573 improvement, helped by a $979,277 foreign exchange gain and $257,896 interest income, partially offset by a $297,610 loss on disposal of Edward. Annual revenue has declined sharply from $55.2M in 2022 to $1.3M in 2025, with net losses of $5.2M in 2024 and $3.6M in 2025. Cash and equivalents stood at $2.1M as of June 30, 2026.

Strategy

Management is diversifying into international trading of industrial equipment through the Super International acquisition, while disposing of Edward to reduce operating and management costs. The company continues to focus on logistics and warehousing through TWEW, despite headwinds from immigration policies and labor availability. Plans include integrating and developing international trading operations, maintaining financial discipline, and evaluating strategic opportunities to diversify revenue.

Risks

• Geopolitical and U.S.-China tensions — Heavy reliance on U.S.-PRC trade flows makes the company vulnerable to strained political relations and potential sanctions, which could disrupt supply chains and demand.
• Declining logistics revenue — Logistics and warehousing revenue fell to zero in Q2 2026 as TWEW faced lower demand, tighter immigration policies, higher labor costs, and constrained labor availability.
• Recent business transformation risk — Transition from parallel-import vehicles to logistics and trading has resulted in significant annual losses, with net losses of $5.2M in 2024 and $3.6M in 2025, and still-small revenue base.
• Customer concentration and receivables — Historical credit loss of $1.6 million on receivables in 2024 and small customer base in logistics create collection and concentration risks.

Outlook

Management expects continued integration and development of international trading operations, with a focus on higher-priority opportunities. They plan to allocate resources to businesses with stronger long-term potential and maintain financial discipline. The company will evaluate strategic opportunities to diversify revenue and support sustainable growth, while navigating global trade uncertainty and cross-border demand changes.