Overview
$1.2B Revenue, fiscal 20232 -$114.7M Net income, fiscal 20232 Industry Trucking & Courier Services (No Air) Headquarters E9 Incorporated in Cayman Islands3 Business address 2/F, Block A, Huaxing Modern Industry, Park, No.18 Tangmiao Road, Xihu District, Hangzhou, Zhejiang Province, F4 3100133 Filer category Non-accelerated filer3 See how the biggest companies compare on our leaderboards
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023 4.3% Revenue growth, 20232 Where the money goes Where each dollar of revenue went, fiscal 2023 Cost of revenue
Cost of revenue 97¢ $1.1B Research and development 1¢ $16.3M Other costs 1¢ $9.7M Interest 1¢ $9.1M Income tax 0¢ $161.0K Out of $1.2B in revenue.2
Financial statements
Income statement Balance sheet Cash flow
Annual Quarterly
Revenue4 5 6 7 8 9 2 $1.2B in 2023−62% since 2017 0 $2.0B $4.0B $6.0B 2017: $3.1B $3.1B 2017 2018: $4.1B $4.1B 2018 +32% 2019: $5.1B $5.1B 2019 +24% 2020: $4.6B $4.6B 2020 −9% 2021: $1.8B $1.8B 2021 −61% 2022: $1.1B $1.1B 2022 −37% 2023: $1.2B $1.2B 2023 +4% Gross profit4 5 6 7 8 9 2 $35.3M in 2023−53% since 2017 -$100.0M 0 $100.0M $200.0M $300.0M 2017: $74.6M $74.6M 2017 2018: $209.6M $209.6M 2018 +181% 2019: $281.4M $281.4M 2019 +34% 2020: $36.5M $36.5M 2020 −87% 2021: -$31.3M -$31.3M 2021 2022: -$38.2M -$38.2M 2022 +22% 2023: $35.3M $35.3M 2023 Operating income4 5 6 7 8 9 2 -$134.1M in 2023−32% since 2017 -$300.0M -$200.0M -$100.0M 0 2017: -$196.2M -$196.2M 2017 2018: -$95.7M -$95.7M 2018 −51% 2019: -$46.8M -$46.8M 2019 −51% 2020: -$259.5M -$259.5M 2020 +455% 2021: -$229.6M -$229.6M 2021 −12% 2022: -$206.8M -$206.8M 2022 −10% 2023: -$134.1M -$134.1M 2023 −35% Net income4 5 6 7 8 9 2 -$114.7M in 2023−39% since 2017 -$400.0M -$300.0M -$200.0M -$100.0M 0 $100.0M 2017: -$188.7M -$188.7M 2017 2018: -$73.9M -$73.9M 2018 −61% 2019: -$29.1M -$29.1M 2019 −61% 2020: -$310.4M -$310.4M 2020 +968% 2021: $41.1M $41.1M 2021 2022: -$212.2M -$212.2M 2022 2023: -$114.7M -$114.7M 2023 −46% No quarterly figures reported.
Fiscal year 2016 2017 2018 2019 2020 2021 2022 2023 Revenue $3.1B4 $4.1B5 $5.1B6 $4.6B7 $1.8B8 $1.1B9 $1.2B2 Cost of revenue $3.0B4 $3.9B5 $4.8B6 $4.6B7 $1.8B8 $1.2B9 $1.1B2 Gross profit $74.6M4 $209.6M5 $281.4M6 $36.5M7 -$31.3M8 -$38.2M9 $35.3M2 Research and development $21.4M4 $26.8M5 $35.0M6 $29.3M7 $28.3M8 $20.9M9 $16.3M2 Operating income -$196.2M4 -$95.7M5 -$46.8M6 -$259.5M7 -$229.6M8 -$206.8M9 -$134.1M2 Interest $7.2M4 $10.9M5 $11.4M6 $26.8M7 $22.4M8 $12.9M9 $9.1M2 Income tax $1.5M4 $1.7M5 $2.6M6 $3.4M7 $502.0K8 $74.0K9 $161.0K2 Net income -$188.7M4 -$73.9M5 -$29.1M6 -$310.4M7 $41.1M8 -$212.2M9 -$114.7M2 Earnings per share -$1.274 -$0.195 -$0.076 -$0.807 $0.118 -$0.549 -$0.302 Earnings per share (diluted) -$1.274 -$0.195 -$0.076 -$0.807 $0.118 -$0.549 -$0.302
Total assets4 5 6 7 8 9 2 $880.8M in 2023−47% since 2017 0 $1.0B $2.0B $3.0B $4.0B 2017: $1.7B $1.7B 2017 2018: $1.8B $1.8B 2018 +8% 2019: $2.8B $2.8B 2019 +56% 2020: $3.0B $3.0B 2020 +9% 2021: $1.8B $1.8B 2021 −42% 2022: $1.1B $1.1B 2022 −37% 2023: $880.8M $880.8M 2023 −22% Total liabilities4 5 6 7 8 9 2 $890.6M in 2023−11% since 2017 0 $1.0B $2.0B $3.0B 2017: $996.9M $996.9M 2017 2018: $1.2B $1.2B 2018 +20% 2019: $2.2B $2.2B 2019 +87% 2020: $2.8B $2.8B 2020 +24% 2021: $1.4B $1.4B 2021 −49% 2022: $1.0B $1.0B 2022 −29% 2023: $890.6M $890.6M 2023 −12% Shareholders’ equity4 5 6 7 8 9 2 -$13.8M in 2023-$200.0M 0 $200.0M $400.0M $600.0M $800.0M 2017: $675.0M $675.0M 2017 2018: $601.9M $601.9M 2018 −11% 2019: $563.2M $563.2M 2019 −6% 2020: $268.3M $268.3M 2020 −52% 2021: $325.0M $325.0M 2021 +21% 2022: $101.1M $101.1M 2022 −69% 2023: -$13.8M -$13.8M 2023 Cash4 5 6 7 8 9 2 $60.0M in 2023−87% since 2016 0 $200.0M $400.0M $600.0M 2016: $450.0M $450.0M 2016 2017: $190.7M $190.7M 2017 −58% 2018: $237.1M $237.1M 2018 +24% 2019: $286.5M $286.5M 2019 +21% 2020: $212.0M $212.0M 2020 −26% 2021: $560.5M $560.5M 2021 +164% 2022: $77.3M $77.3M 2022 −86% 2023: $60.0M $60.0M 2023 −22% No quarterly figures reported.
Fiscal year 2016 2017 2018 2019 2020 2021 2022 2023 Cash $450.0M4 $190.7M4 $237.1M5 $286.5M6 $212.0M7 $560.5M8 $77.3M9 $60.0M2 Current assets $1.2B4 $1.1B5 $1.4B6 $1.4B7 $1.1B8 $473.1M9 $435.2M2 Total assets $1.7B4 $1.8B5 $2.8B6 $3.0B7 $1.8B8 $1.1B9 $880.8M2 Current liabilities $980.2M4 $1.2B5 $1.5B6 $1.9B7 $918.3M8 $608.6M9 $683.4M2 Total liabilities $996.9M4 $1.2B5 $2.2B6 $2.8B7 $1.4B8 $1.0B9 $890.6M2 Shareholders’ equity $675.0M4 $601.9M5 $563.2M6 $268.3M7 $325.0M8 $101.1M9 -$13.8M2 Shares outstanding 60.0M shares4 0 shares4
Cash from operations4 5 6 7 8 9 2 -$76.8M in 2023-$600.0M -$400.0M -$200.0M 0 $200.0M 2017: $18.0M $18.0M 2017 2018: $92.7M $92.7M 2018 +415% 2019: $122.5M $122.5M 2019 +32% 2020: -$35.4M -$35.4M 2020 2021: -$440.0M -$440.0M 2021 +1142% 2022: -$162.1M -$162.1M 2022 −63% 2023: -$76.8M -$76.8M 2023 −53% Capital spending4 5 6 7 8 9 2 $18.2M in 2023−84% since 2017 0 $100.0M $200.0M $300.0M 2017: $115.2M $115.2M 2017 2018: $156.8M $156.8M 2018 +36% 2019: $215.1M $215.1M 2019 +37% 2020: $243.0M $243.0M 2020 +13% 2021: $25.1M $25.1M 2021 −90% 2022: $20.8M $20.8M 2022 −17% 2023: $18.2M $18.2M 2023 −12% Free cash flow4 5 6 7 8 9 2 -$95.0M in 2023−2% since 2017 -$600.0M -$400.0M -$200.0M 0 2017: -$97.2M -$97.2M 2017 2018: -$64.1M -$64.1M 2018 −34% 2019: -$92.6M -$92.6M 2019 +45% 2020: -$278.4M -$278.4M 2020 +201% 2021: -$465.1M -$465.1M 2021 +67% 2022: -$182.8M -$182.8M 2022 −61% 2023: -$95.0M -$95.0M 2023 −48% Share buybacks7 2 $3.4M in 2023−90% since 2020 0 $10.0M $20.0M $30.0M $40.0M 2020: $32.4M $32.4M 2020 2023: $3.4M $3.4M 2023 −90% Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Fiscal year 2016 2017 2018 2019 2020 2021 2022 2023 Cash from operations $18.0M4 $92.7M5 $122.5M6 -$35.4M7 -$440.0M8 -$162.1M9 -$76.8M2 Capital spending $115.2M4 $156.8M5 $215.1M6 $243.0M7 $25.1M8 $20.8M9 $18.2M2 Free cash flow -$97.2M -$64.1M -$92.6M -$278.4M -$465.1M -$182.8M -$95.0M Share buybacks $32.4M7 $3.4M2
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Recent filings
Mar 10, 2025 6-K Feb 18, 2025 6-K Jan 10, 2025 6-K Sep 30, 2024 6-K Jun 20, 2024 6-K Jun 12, 2024 6-K Apr 30, 2024 20-F Apr 2, 2024 6-K Nov 24, 2023 6-K Nov 24, 2023 6-K Nov 21, 2023 6-K Nov 14, 2023 6-K Nov 6, 2023 6-K Aug 25, 2023 6-K Jun 1, 2023 6-K Every filing from the last three years, summarized . The full record is on SEC EDGAR.1
