Exhibit 99.1

Results for the Six Months Ended June 30, 2023 in Connection with the Unaudited Interim
Condensed Consolidated Financial Statements for the Six Months Ended June 30, 2023

Results for the Six Months Ended June 30, 2023

Revenue

Our total revenue decreased by approximately RMB284.6 million, or 62.7%, from approximately RMB454.1 million for the six months ended June 30, 2022 to approximately RMB169.5 million (US$23.5 million) for the six months ended June 30, 2023. The decrease was mainly due to a decrease in the fee rates we charge for our freight forwarding services which was in line with a general decrease in the freight rates across the freight transportation industry, for both air freight and ocean freight.

Despite the significant economic headwinds faced in China, we had been able to expand our customer base in e-commerce-related logistics services during the six months ended June 30, 2023. Our customer base increased by 11.2% from 1,184 customers for the six months ended June 30, 2022 to 1,317 customers for the six months ended June 30, 2023. Among the new customers acquired for the six months ended June 30, 2023, 49.5% of them are relevant to e-commerce-related logistics services. With the expansion of our e-commerce-related logistics services, the percentage of revenue generated from e-commerce-related logistics services increased from 14.6% for the six months ended June 30, 2022 to 43.4% for the six months ended June 30, 2023.

Cost of Revenue

Our cost of revenue decreased by 59.8% from RMB423.2 million for the six months ended June 30, 2022 to RMB170.1 million (US$23.5 million) for the six months ended June 30, 2023.

Cost of freight charges, representing the main source of our cost of revenue, decreased by RMB229.1 million, or 60.3%, from approximately RMB380.2 million for the six months ended June 30, 2022 to approximately RMB151.1 million (US$20.9 million) for the six months ended June 30, 2023. The main components of freight charges were the freight and the delivery fees paid to third-party carriers.

Gross Profit/(loss)

Our gross profit decreased by RMB31.5 million, or 102.0%, from RMB30.9 million for the six months ended June 30, 2022 to a gross loss of RMB0.6 million (US$0.1 million) for the six months ended June 30, 2023 and our overall gross profit margin decreased from 6.8% to negative 0.4% mainly due to loss from warehousing services and chartered carrier transport.

Operating Expenses

Our operating expenses increased from RMB18.5 million for the six months ended June 30, 2022 to RMB23.9 million (US$3.3 million) for the six months ended June 30, 2023, representing a period-on-period increase of 29.2%. This increase was primarily attributable to (i) an increase of RMB2.1 million (US$0.3 million) in professional expenses for consulting and auditing services, (ii) an increase of RMB1.4 million (US$0.2 million) in expenses associated with the Company’s initial public offering and (iii) an increase of RMB1.2 million (US$0.2 million) in expenses associated with the lease termination loss.

Other income/(expenses), net

Our total other income/(expenses), net decreased by 172.7% from income of RMB2.2 million for the six months ended June 30, 2022 to expenses of RMB1.6 million (US$0.2 million) for the six months ended June 30, 2023. Other income/(expenses), net consisted of non-operating income/(expenses), foreign exchange gain/(loss) and interest expenses.

Net income/(loss)

As a result of the foregoing, our net income/(loss) decreased by RMB35.8 million, or 372.7%, from net income of RMB9.6 million for the six months ended June 30, 2022 to net loss of RMB26.2 million (US$3.6 million) for the six months ended June 30, 2023.

JAYUD GLOBAL LOGISTICS LIMITED

INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS

	As of December 31,			As of June 30, 2023
	2022			(Unaudited)
	RMB			RMB			US$
Assets
Current assets
Cash		27,939,170			16,650,244			2,304,277
Accounts receivable, net		30,913,334			51,860,833			7,177,175
Accounts receivable - a related party		1,676,016			-			-
Contract assets		4,460,046			6,042,350			836,219
Prepaid expenses and other current assets, net		12,210,990			19,383,550			2,682,547
Loan to a third party		-			3,596,823			497,775
Total current assets		77,199,556			97,533,800			13,497,993
Non-current assets
Property and equipment, net		2,613,264			3,202,803			443,246
Intangible asset, net		757,959			1,903,246			263,396
Operating right-of-use assets, net		31,403,688			16,966,571			2,348,054
Deferred offering costs		6,326,130			-			-
Deferred tax assets		21,563			21,563			2,984
Refundable deposits		3,002,260			1,963,450			271,728
Prepayment for acquisition		3,596,823			-			-
Restricted cash		501,071			501,695			69,431
Total non-current assets		48,222,758			24,559,328			3,398,839
TOTAL ASSETS		125,422,314			122,093,128			16,896,832
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Short-term borrowings		14,800,000			18,500,000			2,560,270
Current maturities of long-term borrowing		600,000			600,000			83,036
Loan payable - a shareholder		-			2,000,000			276,786
Accounts payable - third parties		18,147,774			21,084,567			2,917,956
Accounts payable - related parties		7,425,184			16,337,417			2,260,984
Contract liabilities		1,989,310			1,563,418			216,366
Accrued expenses and other current liabilities		4,217,732			5,757,345			881,189
Other payables - related parties		2,477,658			1,768,283			244,718
Other payables - shareholders		6,980,836			6,956,371			962,713
Taxes payable		2,130,433			234,460			(51,965	)
Operating lease liabilities - current		18,079,265			8,148,420			1,127,684
Total current liabilities		76,848,192			82,950,281			11,479,737
Non-current liabilities
Long-term borrowing		4,400,000			4,100,000			567,411
Operating lease liabilities – non-current		13,276,535			8,858,202			1,225,913
Total non-current liabilities		17,676,535			12,958,202			1,793,324
Total liabilities		94,524,727			95,908,483			13,273,061
Commitments and contingencies
Shareholders’ Equity
Class A ordinary shares (par value of US$0.0001 per share; 480,000,000 Class A ordinary shares authorized and 13,590,400 and 14,942,623 Class A ordinary shares issued and outstanding as of December 31, 2022 and June 30, 2023, respectively.)		8,830			9,880			1,367
Class B ordinary shares (par value of US$0.0001 per share; 20,000,000 Class B ordinary shares authorized and 6,409,600 class B shares issued and outstanding as of December 31, 2022 and June 30, 2023, respectively.)		4,087			4,087			566
Additional paid in capital		72,691,813			61,635,472			8,529,917
Subscription receivable		(34,823,000	)		-			-
Statutory reserves		4,651,141			3,575,076			494,765
Accumulated deficit		(9,025,668	)		(31,701,623	)		(4,387,282	)
Accumulated other comprehensive loss		(181,546	)		(2,434,162	)		(336,871	)
Total Jayud Global Logistics Limited shareholders’ equity		33,325,657			31,088,730			4,302,462
Non-controlling interests		(2,428,070	)		(4,904,085	)		(678,691	)
Total shareholders’ equity		30,897,587			26,184,645			3,623,771
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		125,422,314			122,093,128			16,896,832

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JAYUD GLOBAL LOGISTICS LIMITED

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE
INCOME (LOSS)

	For the Six Months Ended June 30,
	2022			2023
	(Unaudited)			(Unaudited)
	RMB			RMB			US$
Revenues		453,858,640			169,273,569			23,426,274
Revenues - related parties		240,885			211,684			29,296
Total Revenues		454,099,525			169,485,253			23,455,570
Cost of revenues		(329,776,581	)		(135,861,069	)		(18,802,218	)
Cost of revenues - related parties		(93,435,339	)		(34,233,328	)		(4,737,652	)
Total Cost of revenues		(423,211,920	)		(170,094,397	)		(23,539,870	)
Gross profit / (loss)		30,887,605			(609,144	)		(84,300	)
Operating expenses
Selling expenses		(8,288,836	)		(6,373,345	)		(882,026	)
Lease termination loss		-			(1,197,921	)		(165,784	)
General and administrative expenses		(9,223,117	)		(14,622,729	)		(2,023,683	)
Research and development expenses		(998,923	)		(1,755,063	)		(242,888	)
Total operating expenses		(18,510,876	)		(23,949,058	)		(3,314,381	)
Operating profit / (loss)		12,376,729			(24,558,202	)		(3,398,681	)
Other income/ (expenses)
Other income/ (expenses), net		99,901			(241,469	)		(33,418	)
Foreign exchange gain/ (loss), net		2,567,807			(974,371	)		(134,846	)
Financial expenses, net		(500,445	)		(417,654	)		(57,800	)
Total other income/ (expenses), net		2,167,263			(1,633,494	)		(226,064	)
Income/ (loss) before income tax expense		14,543,992			(26,191,696	)		(3,624,745	)
Income tax expenses		(4,927,596	)		(36,339	)		(5,029	)
Net income / (loss)		9,616,396			(26,228,035	)		(3,629,774	)
Less: Net loss attributable to non-controlling interests		(536,719	)		(2,476,015	)		(342,663	)
Net income / (loss) attributable to the Jayud Global Logistics Limited’s ordinary shareholders		10,153,115			(23,752,020	)		(3,287,111	)
Net income / (loss)		9,616,396			(26,228,035	)		(3,629,774	)
Foreign currency translation adjustment, net of tax		(63,841	)		(2,452,762	)		(339,445	)
Total comprehensive income / (loss)		9,552,555			(28,680,797	)		(3,969,219	)
Less: total comprehensive loss attributable to non-controlling interest		(536,719	)		(2,476,015	)		(342,663	)
Total comprehensive income / (loss) attributable to Jayud Global Logistics Limited’s ordinary shareholders		10,089,274			(26,204,782	)		(3,626,556	)
Net income / (loss) per share
Basic and diluted		0.59			(1.16	)		(0.16	)
Weighted average shares
Basic and diluted		17,200,000			20,494,426			20,494,426

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