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SHENZHEN - Jayud Global Logistics Limited (NASDAQ:JYD), a prominent provider of end-to-end supply chain solutions based in Shenzhen, announced Monday the appointment of Ms. HU Mengmeng as its new Chief Financial Officer, effective March 1, 2025. The leadership change comes at a crucial time for the $360 million market cap company, which has seen its revenue grow by 63% in the last twelve months. Ms. Hu, with over two decades of experience in the logistics sector, replaces Ms. Lin Bao, who resigned for personal reasons. According to InvestingPro analysis, the company currently operates with moderate debt levels but faces challenges with profitability.
Ms. Hu’s career includes senior financial roles at major multinational logistics companies such as Maersk, CSAV Shipping Co, Ltd, and CMA CGM. Her expertise encompasses financial management, strategic cost control, cash flow optimization, and cross-border operations. Prior to this role, Ms. Hu served as Financial Director at Shihua Youshi Education Technology (Shenzhen) Co., Ltd.
Xiaogang Geng, Chairman of the Board and CEO of Jayud Global Logistics, expressed gratitude to Ms. Lin Bao for her contributions and welcomed Ms. Hu, highlighting her strategic vision and track record as valuable assets for the company’s growth and shareholder value enhancement. The appointment comes as JYD’s stock has shown significant momentum, with a remarkable 416% return over the past six months, though InvestingPro data suggests the stock is currently trading above its Fair Value.
Ms. Hu, expressing her honor at joining Jayud, emphasized her commitment to driving sustainable growth and optimizing financial strategies for the benefit of shareholders and customers. She holds a Bachelor’s degree in Economics from Shenyang University of Technology and is trilingual in Chinese, Cantonese, and English.
The transition includes a period during which Ms. Lin Bao will assist Ms. Hu to ensure a smooth handover and continuity in the company’s financial management.
Jayud Global Logistics specializes in cross-border logistics and operates a global network with facilities in 12 provinces in mainland China and 16 countries across six continents. The company offers freight forwarding, supply chain management, and other value-added services, backed by its proprietary IT systems. Recent financial data from InvestingPro shows the company faces challenges with its current ratio of 0.73, indicating potential liquidity concerns. InvestingPro subscribers have access to over 10 additional key insights about JYD’s financial health and growth prospects.
This leadership change comes as part of Jayud’s ongoing efforts to expand its global footprint and enhance operational efficiency. The information in this article is based on a press release statement.
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