MARKETS / NASDAQ / SLGB

NASDAQ · ARRANGEMENT OF TRANSPORTATION OF FREIGHT & CARGO · SMALL CAP

Smart Logistics Global Ltd. SLGB

3 fiscal years on record · CNY · FY2025 reported · SEC filings only

Revenue

CNY 628.5M

▼ 7.3% YoY

Net income

CNY -18.2M

▼ 310.3% YoY

Free cash flow

CNY -41.0M

▼ 432.8% YoY

In brief

What this company does

Smart Logistics Global Limited is a business-to-business contract logistics solution provider in the PRC, focusing on industrial raw materials line-haul transportation. As of the date of its annual report, it had a total of 68 full-time employees. Its B2B contract logistics business operates out of a smart logistics park in Jiangxi Province, a Southern supply chain center, a Northern supply chain center in Jiangsu Province, and 7 FTL centres spread in different areas in the PRC. For the years ended December 31, 2023, 2024 and 2025, one customer with its 11 subsidiaries accounted for 35%, 37% and 32% of the Group's total revenues, respectively. Smart Logistics Global Limited was established in May 2017.

Written from the business description in Smart Logistics Global Limited's annual report to the U.S. Securities and Exchange Commission, filed 30 April 2026. Every sentence was checked against that document before publication.

Growth

CNY 628.5M

Revenue, FY2025 · full 3-year series below

Revenue CNY M Net income CNY M

FY2025 · Revenue 628.5 · Net income -18.2

Compound annual growth

3 yrs

5 yrs

10 yrs

15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−3 cents

lost on every revenue dollar

Operating margin Net margin

FY2025 · Operating -2.3% · Net -2.9%

ROE

FY2025 · ROE -14.7%

Gross margin4.7%

Operating margin-2.3%

Net margin-2.9%

Return on assets-9.8%

EBITDACNY -12.7M

Each CNY of equity lost 15 cents this year.

Cash & shareholders

—

returned in FY2025 · dividends + net buybacks

Free cash flow CNY M

FY2025 · FCF -41.0

Net buybacks CNY M Dividends CNY M

FY2024 · Dividends 45.0 · Net buybacks —

Total assetsCNY 197.3M

EquityCNY 136.2M

CashCNY 3.1M

Current ratio2.33×

Equity funds 69% of total assets.

The 3-year record

3 fiscal years

Every figure from documents filed with the SEC · CNY

row low → row highnegative

Metric	2025	2024	2023
Revenue CNY B	0.6	0.7	0.7
Operating income CNY B	−0.0	0.0	0.0
EBITDA CNY B	−0.0	0.0	0.0
Income tax CNY B	0.0	0.0	0.0
Net income CNY B	−0.0	0.0	0.0
Free cash flow CNY B	−0.0	0.0	0.0
EPS, diluted CNY	−0.45	0.22	0.23
Dividend / sh CNY	·	·	·
Payout %	·	520	·
ROE %	−14.7	6.6	6.1
Shares out B	0.04	0.04	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Smart Logistics Global Ltd.vsJayud Global Logistics Ltd.Same industry: Arrangement of Transportation of Freight & Cargo Smart Logistics Global Ltd.vsTuniu Corp.Same industry: Arrangement of Transportation of Freight & Cargo

Provenance

Company facts, as filed

How we verify · 0 failures in 10 reconciliationsAUDITED

Reconciled in 3 of 19 fiscal years. 82 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityArrangement of Transportation of Freight & Cargo

Listed onNASDAQ

Incorporated innot stated in the filings

Fiscal year endsnot stated in the filings

SEC categoryemerging growth company

Data on record since2023