Tianci International Inc (CIIT) is a global logistics company that arranges sea freight transportation for cargo owners and agents through its Hong Kong-based operating subsidiary, Roshing International Co., Limited. Revenue comes from the spread between freight rates charged to customers and chartering costs paid to shipping suppliers, including shipowners, ship carriers, and non-vessel operating common carriers. Roshing operates an asset-light model, owning no vessels or transportation assets, and instead charters cargo space or full vessels depending on whether the shipment is containerized or bulk goods. The company completed a share exchange with RQS Capital Limited in March 2023, bringing Roshing into the public structure. CEO Shufang Gao holds over 20 years of management experience in shipping operations and logistics transportation. Core regional focus as of the FY2025 10-K filing is Japan, South Korea, and Vietnam. No competitor names are disclosed in the filing.

Revenue model

Transactional freight brokerage spread: Roshing charges customers a sea freight rate under a fixture note or container booking contract, then pays chartering costs to shipping suppliers, retaining the margin. Sales commissions are paid to referring customers and agents who generate business introductions.

Products and services

Container shipping service (chartering and sub-chartering of cargo space) and bulk goods shipping service (full vessel chartering via fixture notes). Services include route optimization, vessel selection, port logistics scheduling, and cost management. No owned vessels or physical transportation assets as of the FY2025 10-K filing.

Customers and end markets

Cargo owners and cargo agents who need sea freight transportation. Customers submit shipping requirements including goods type, quantity, characteristics, transit time, and destination port. No customer concentration disclosures are provided in the filing.

Value-chain role

Non-vessel operating intermediary and freight arranger. Roshing sits between cargo owners and shipping suppliers, handling customer development, quotation, contract execution, and supplier selection without owning transportation assets.

Geographic exposure

All operations conducted outside the United States. Principal operating entity is incorporated and operates in Hong Kong. Core regional network focused on Japan, South Korea, and Vietnam as of the FY2025 10-K filing.

Source: SEC 10-K, filed 2025-10-03

Industry: Computer Communications Equipment