In 2024, Cheetah Net Supply Chain Service Inc. transitioned from parallel-import vehicle operations to logistics and warehousing following the acquisition of Edward, an NVOCC-licensed subsidiary. This shift introduced regulatory complexities, intense industry competition, and strong dependence on U.S.-China trade stability. Financial results through 2025 reveal operating losses and near-zero operating cash flow, underscoring transitional challenges. Future growth depends on successful integration, regulatory navigation, geopolitical developments, and establishing competitive service offerings amid limited differentiation.