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MARKETS / BALCAO / YGMZF
BALCAO · TRANSPORTATION SERVICES · SMALL CAP

MingZhu Logistics Holdings Ltd. YGMZF

7 fiscal years on record · USD · FY2024 reported · SEC filings only
$40.4M
▼ 54.6% YoY
$-6.2M
$-2.7M
In brief

What this company does

The Company is not an operating company; it is a Cayman Islands holding company that conducts its operations through its subsidiaries in the PRC and through contractual arrangements with its variable interest entities. The company engaged in a number of diverse business activities, including trucking services and car owner services, and also engaged in a liquor distribution business. Mingzhu is a trucking service provider in China with over 21 years of experience in the transportation industry and was the company's first operating subsidiary, formed in 2002. The company's car owner services are provided through Zhisheng, which was founded in 2018 and provides diversified, differentiated and customized value-added auto related services to auto insurance companies. On May 26, 2023, the company entered into a Share Purchase Agreement with Liquor Alliance Investment (BVI) Limited, which operates its liquor distribution business through its variable interest entity Xiamen Alliance Liquor Industry Group Co., Ltd. in China. The company had 26 full-time employees as of December 31, 2024.

Written from the business description in MingZhu Logistics Holdings Ltd's annual report to the U.S. Securities and Exchange Commission, filed 15 May 2025. Every sentence was checked against that document before publication.

Growth
USD 40.4M
Revenue, FY2024 · full 7-year series below
Revenue $M Net income $M
FY2024 · Revenue 40.4 · Net income -6.2
40M80M2018201920202021202220232024
Compound annual growth
+32.6%
+6.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +6.6% a year over five years.

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
−15 cents
lost on every revenue dollar
Operating margin Net margin
FY2024 · Operating -10.0% · Net -15.3%
5%10%-5%-10%-15%2018201920202021202220232024
ROE
FY2024 · ROE -13.9%
10%20%30%-10%-20%2018201920202021202220232024

Each USD of equity lost 14 cents this year.

Cash & shareholders
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF -2.7
2M-8M-16M2018201920202021202220232024

Total assetsUSD 90.3M
EquityUSD 44.8M
CashUSD 698,239.00
Gross debtUSD 1.0M
Net debtUSD 324,639.00
Current ratio1.00×

Net debt stands at 1% of equity.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2024202320222021202020192018
Revenue $B0.00.10.10.00.00.00.0
Operating income $B−0.00.0−0.0−0.00.00.00.0
EBITDA $B−0.00.00.00.00.00.00.0
Income tax $B0.00.00.00.00.00.00.0
Net income $B−0.0−0.00.0−0.00.00.00.0
Free cash flow $B−0.0·−0.0−0.0−0.00.00.0
EPS, diluted $−1.31−2.980.73−0.060.080.180.32
Dividend / sh $·······
Payout %·······
ROE %−13.9−20.74.2−3.05.017.733.6
Shares out B0.010.000.020.020.010.01·

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

Provenance
Company facts, as filed
How we verify · 1 failures in 26 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 65 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente1 failures
ActivityTransportation Services
Listed onOTC market
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2018

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