Jayud Global Logistics gets $4.2M government subsidy for charter flights
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Business Insider
25-06-2025
- Business Insider
Jayud Global Logistics gets $4.2M government subsidy for charter flights
Jayud Global Logistics (JYD) announced it has received a government subsidy of RMB30.26M (approximately $4.2M) from the Shenzhen Transportation Bureau. The subsidy relates to two charter flight routes, Shenzhen-Clark and Shenzhen-Davao, operated by the company during 2022-2023 as part of its expanded air freight services. Chairman and CEO Xiaogang Geng stated the support validates their strategic expansion and will positively impact financial performance. Confident Investing Starts Here:
Yahoo
24-06-2025
- Yahoo
Jayud Global Logistics Receives $4.2 Million Government Subsidy for Charter Flight Operations
SHENZHEN, China, June 24, 2025 (GLOBE NEWSWIRE) -- Jayud Global Logistics Limited (NASDAQ: JYD) ("Jayud" or the "Company"), a leading end-to-end supply chain solution provider based in Shenzhen, specializing in cross-border logistics, today announced that it has received a government subsidy of RMB 30,258,086 (approximately USD 4.2 million) from the Shenzhen Transportation Bureau. The subsidy relates to two charter flight routes operated by the Company during 2022-2023 as part of its expanded air freight services: Shenzhen-Clark Route: RMB 17.28 million Shenzhen-Davao Route: RMB 12.98 million Jayud originally applied for the cargo aircraft new route subsidies in March 2023, with the Shenzhen Transportation Bureau finalizing the subsidy amounts in March 2025 after adjusting all applications due to total requests exceeding available funding. Xiaogang Geng, Chairman of the Board and CEO of Jayud, stated, "This significant government recognition and financial support validates our strategic expansion into charter flight operations and demonstrates the value we bring to Shenzhen's logistics infrastructure. These subsidies will positively impact our financial performance and support our continued growth in cross-border air freight services." The Company expects this to positively impact its revenue and financial results for the current fiscal year. About Jayud Global Logistics Limited Jayud Global Logistics Limited is one of the leading Shenzhen-based end-to-end supply chain solution providers in China, focusing on cross-border logistics services. The Company benefits from the unique geographical advantages of providing a high degree of support for ocean, air, and overland logistics. The Company has established a global operation nexus featuring logistic facilities throughout major transportation hubs in China and globally, with footprints in 12 provinces in Mainland China and 16 countries across six continents. Jayud offers a comprehensive range of cross-border supply chain solutions, including freight forwarding, supply chain management, and other value-added services. With its strong service capabilities and research and development capabilities in proprietary IT systems, the Company provides customized and efficient logistics solutions and develops long-standing customer relationships. For more information, please visit the Company's website: Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as 'may', 'will', 'expect', 'anticipate', 'aim', 'estimate', 'intend', 'plan', 'believe', 'is/are likely to', 'potential', 'continue' or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. For more information, please contact: Jayud Global Logistics LimitedInvestor Relations DepartmentEmail: ir@ Investor Relations Contact:Matthew Abenante, IRCPresidentStrategic Investor Relations, LLC Tel: 347-947-2093Email: matthew@ while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
16-06-2025
- Yahoo
The $480 Million Scam Playbook: Chinese Microcap IPOs Are Bleeding U.S. Investors
A growing number of U.S. investors are getting caught in what looks like the perfect setup for fraudsmall Chinese companies like Jayud Global Logistics (NASDAQ:JYD) and China Liberal Education (CLEUF) going public on Nasdaq, only to crash in spectacular fashion weeks later. What starts as a convincing ad on Facebook or WhatsApp quickly turns into a pump-and-dump operation. Investors like Utah-based college professor Braden Lindstrom were encouraged by supposed financial "advisers" to buy into these obscure names, only to watch their life savings vanish. Jayud, for example, spiked to $8 in April before plummeting below $1just after retail interest peaked. One commercial property manager in California lost $320,000. A support group of nearly 100 victims says their total losses top $9 million. Warning! GuruFocus has detected 7 Warning Signs with JYD. The playbook? Simple. A company raises funds from private investorsChina Liberal raised $21 million from 30 insidersthen shares move quietly to U.S. brokerages. Promoters hype the stock online, targeting individuals with promises of a "sure thing." After the shares are dumped, prices crash. In China Liberal's case, seven traders from Malaysia and Taiwan were charged after allegedly unloading over 50 million shares for $480 million in profit. The DOJ seized $214 million, and trading in the stock was halted by Nasdaq on June 3. Meanwhile, NetClass rode the same waveits shares soared from $5 to $51 before collapsing to just above $2. Regulators are under pressure. Finra had already warned back in 2022 that many of these ultra-small IPOsoften raising less than $15 millionshowed signs of manipulative trading. Nasdaq has since sped up delistings for companies trading under $1. But even with stricter rules, these schemes continue. The Justice Department has now prioritized tackling this fraud, while Meta says it's testing tools to block deceptive stock ads. Still, the damage is done. As trader Nathan Michaud put it, these setups are dangerous even for short sellersbecause once the squeeze starts, even the bears can get buried. This article first appeared on GuruFocus.
