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Unaudited Condensed Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Revenues    
Total revenues $ 184,971 $ 166,538
Cost of revenues (162,195) (148,296)
Gross profit 22,776 18,242
Operating expenses    
Selling and marketing (3,336) (3,672)
General and administrative (10,976) (10,755)
Total operating expenses (14,312) (14,427)
Income from operations 8,464 3,815
Other income (expense)    
Interest income 61 40
Interest expense (982) (1,151)
Other income, net 329 122
Income before income taxes 7,872 2,826
Provision for income taxes (1,409) (371)
Net income 6,463 2,455
Less: Income (loss) attributable to non-controlling interests 19 (1)
Net income attributable to Shengfeng Development Limited’s shareholders 6,444 2,456
Comprehensive income (loss)    
Net income 6,463 2,455
Foreign currency translation adjustment (4,049) (4,880)
Total comprehensive income (loss) 2,414 (2,425)
Less: total comprehensive income (loss) attributable to non-controlling interests (139) 1
Total comprehensive income (loss) attributable to Shengfeng Development Limited $ 2,553 $ (2,426)
Class A and Class B Ordinary Shares - Basic (in Shares) [1] 81,166,851 80,000,000
Class A and Class B ordinary shares - Basic (in Dollars per share) [1] $ 0.08 $ 0.03
Transportation    
Revenues    
Total revenues $ 173,989 $ 154,614
Warehouse storage and storage management service    
Revenues    
Total revenues 9,315 10,591
Others    
Revenues    
Total revenues $ 1,667 $ 1,333
[1] Shares and per share data are presented on a retroactive basis to reflect the reorganization described herein.