MingZhu Logistics Holdings Ltd (YGMZF)
MingZhu Logistics Holdings Limited, operating through its various subsidiaries, specializes in offering road freight transportation services across the People's Republic of China. The company's business activities are structured into three main divisions: Trucking Services, Car Owner Services, and Liquor Distribution. It caters to a diverse range of clients, including prominent third-party logistics firms, freight forwarding agents, warehouse operators, and other entities within the broader supply chain sector. Established in 2002, MingZhu Logistics maintains its primary corporate base in Shenzhen, China.
Sector: Transportation Services
Industry: Trucking
MingZhu Logistics Holdings Limited
OTC:YGMZFIndustrials · Trucking
-6.00%$0.0024
Mkt Cap-
Float4.76M
O/S-
Inst Own-
SI0.7%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$22.68M
Net Income-$8.98M
Total Assets$111.11M
Free Cash Flow-$39.57M
Debt & Equity
Debt 4%
Equity 96%
Total Debt$3.14M
Total Equity$84.22M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in YGMZF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$111.11M
Liabilities$26.9M
Accounts Receivable$74.01M
Accounts Payable$6.5M
Inventory$0
PP&E (Net)$603K
Goodwill$13.72M
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Revenue | $22.68M | $40.43M | $89M | $63.52M | $17.36M | $18.79M | $29.41M | $27.65M | $20.62M |
| YoY Growth | -43.9% | -54.6% | 40.1% | 265.9% | -7.6% | -36.1% | 6.4% | 34.1% | - |
| Cost of Revenue | $24.53M | $39.64M | $85.93M | $60.8M | $17.48M | $16.01M | $25.36M | $22.4M | $16.81M |
| Gross Profit | -$1.85M | $793K | $3.07M | $2.72M | -$120K | $2.78M | $4.05M | $5.25M | $3.81M |
| Gross Margin | -8.2% | 2.0% | 3.5% | 4.3% | -0.7% | 14.8% | 13.8% | 19.0% | 18.5% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $4.99M | $4.83M | $2.23M | $2.82M | $2.42M | $1.37M | $1.38M | $1.21M | $1.49M |
| Other | $0 | $0 | $0 | $0 | -$2.05M | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $4.99M | $4.83M | $2.23M | $2.82M | $368K | $1.37M | $1.38M | $1.21M | $1.49M |
| Operating Income (EBIT) | -$6.84M | -$4.03M | $849K | -$100K | -$488K | $1.41M | $2.68M | $4.03M | $2.32M |
| Operating Margin | -30.2% | -10.0% | 1.0% | -0.2% | -2.8% | 7.5% | 9.1% | 14.6% | 11.2% |
| Interest Expense | $421K | $369K | $450K | $789K | $396K | $374K | $371K | $355K | $290K |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$2.12M | -$2.12M | -$215K | $268K | -$315K | -$263K | -$211K | -$174K | -$391K |
| Income Before Tax (EBT) | -$8.96M | -$6.15M | $634K | $168K | -$803K | $1.15M | $2.46M | $3.86M | $1.93M |
| Income Tax Expense | $19K | $34K | $269K | $226K | $135K | $366K | $821K | $1.01M | $688K |
| Net Income | -$8.98M | -$6.19M | -$9.58M | $1.9M | -$938K | $782K | $1.64M | $2.85M | $1.24M |
| Net Income Margin | -39.6% | -15.3% | -10.8% | 3.0% | -5.4% | 4.2% | 5.6% | 10.3% | 6.0% |
| Supplementary Data | |||||||||
| EPS | -0.11 | -1.15 | -2.98 | 0.09 | -0.05 | 0.08 | 0.13 | 0.24 | 0.10 |
| Diluted EPS | -0.11 | -1.15 | -2.98 | 0.09 | -0.05 | 0.08 | 0.13 | 0.24 | 0.10 |
| Weighted Average OS | 5.00M | 5.40M | 3.21M | 21.43M | 19.04M | 9.63M | 12.45M | 12.00M | 12.00M |
| EBITDA | -$6.72M | -$4.98M | $1.96M | $3.15M | $1.03M | $3.04M | $4.04M | $5.59M | $3.46M |
| EBITDA Margin | -29.6% | -12.3% | 2.2% | 5.0% | 5.9% | 16.2% | 13.7% | 20.2% | 16.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $945K | $698K | $3.68M | $3.85M | $5.75M | $2.11M | $224K | $648K | $353K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $945K | $698K | $3.68M | $3.85M | $5.75M | $2.11M | $224K | $648K | $353K |
| Accounts Receivable | $74.01M | $31.8M | $62.9M | $45.11M | $4.76M | $17.53M | $13.27M | $7.89M | $9.51M |
| Inventory | $0 | $62K | $71K | $1.11M | $184K | $371K | $105K | $4K | $174K |
| Other Current Assets | $0 | -$62K | -$71K | $9.14M | $23.44M | $9.13M | -$105K | $160K | $0 |
| Total Current Assets | $92.83M | $44.97M | $83.84M | $66.25M | $39.61M | $30.2M | $15.43M | $10.57M | $11.47M |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $603K | $729K | $1.46M | $9.07M | $12.22M | $3.45M | $4.6M | $4.99M | $5.43M |
| Goodwill | $13.72M | $41.11M | $41.11M | $33.24M | $14.16M | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $982K | $501K | $847K | $847K | $847K | $847K | $847K | $847K | $5.51M |
| Deferred Tax Assets | $121K | $117K | $106K | $238K | $35K | $32K | $20K | $22K | $27K |
| Other Long-Term Assets | $2.86M | $2.9M | -$13K | $1.81M | $9.48M | $262K | $345K | $305K | $368K |
| Total Long-Term Assets | $18.28M | $45.36M | $43.51M | $45.21M | $36.75M | $3.74M | $4.96M | $5.32M | $5.83M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $111.11M | $90.33M | $127.35M | $111.46M | $76.35M | $33.94M | $20.39M | $15.88M | $17.3M |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $6.5M | $4.55M | $18.43M | $6.93M | $1.34M | $1.42M | $1.57M | $845K | $1.71M |
| Short-Term Debt | $2.59M | $3.12M | $20.26M | $9.94M | $7.99M | $6.79M | $3.99M | $1.39M | $3.84M |
| Current Income Tax Payable | $0 | $2.12M | $2.39M | $5.28M | $3.13M | $2.72M | $2.21M | $1.4M | $1.1M |
| Current Unearned Revenue | $0 | $0 | $0 | $3.15M | $153K | $0 | $126K | $51K | $20K |
| Other Current Liabilities | $14.89M | $32.1M | $34.86M | $23.73M | $22.01M | $3.95M | $833K | $544K | $3.34M |
| Total Current Liabilities | $26.35M | $44.98M | $82.68M | $47.79M | $34.3M | $12.5M | $9.84M | $5.52M | $11.62M |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $546K | $595K | $121K | $253K | $179K | $136K | $356K | $1.13M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $1.16M | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $546K | $595K | $121K | $1.41M | $380K | $164K | $518K | $1.86M | $638K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $26.9M | $45.58M | $82.8M | $49.2M | $34.68M | $12.67M | $10.36M | $7.38M | $12.26M |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $123K | $53K | $28K | $23K | $19K | $12K | $9K | $9K | $9K |
| Retained Earnings | -$10.26M | -$1.29M | $4.9M | $7.7M | $5.93M | $6.91M | $6.24M | $4.82M | $2.25M |
| Comprehensive Income & Other | -$1.46M | -$1.03M | -$746K | -$513K | $776K | $1.38M | $508K | $407K | $540K |
| Other Stockholders' Equity | $94.36M | $45.99M | $39.63M | $40.37M | $41.72M | $14.36M | $3.78M | $3.68M | $2.78M |
| Total Equity | $84.22M | $44.75M | $44.56M | $48.1M | $47.67M | $21.27M | $10.03M | $8.51M | $5.04M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $111.11M | $90.33M | $127.35M | $97.3M | $82.35M | $33.94M | $20.39M | $15.88M | $17.3M |
| Supplementary Data | |||||||||
| Total Debt | $3.14M | $3.71M | $20.39M | $11.41M | $10.64M | $7M | $5.22M | $3.99M | $5.63M |
| Net Debt | $2.19M | $3.01M | $16.71M | $6.39M | $4.89M | $4.9M | $5M | $3.34M | $5.27M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Operating Activities | |||||||||
| Net Income | -$8.98M | -$6.19M | $365K | $1.9M | -$938K | $782K | $1.64M | $2.85M | $1.24M |
| Depreciation & Amortization | $127K | $805K | $879K | $2.19M | $1.44M | $1.52M | $1.37M | $1.37M | $1.25M |
| Deferred Income Tax | -$3K | $0 | -$116K | -$203K | -$3K | -$10K | $2K | $3K | -$26K |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $252K | $65K | $9K | $70K | $108K |
| Changes in Working Capital: | |||||||||
| Accounts Receivable | -$133K | $11.95M | -$18.21M | -$3.26M | $1.63M | -$4.35M | -$3.65M | -$72K | -$3.16M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $4K | $167K | $670K |
| Accounts Payable | -$1.95M | -$13.88M | $11.12M | $4.21M | -$875K | -$241K | $742K | -$803K | $443K |
| Other Working Capital | -$31.92M | -$272K | -$5.78M | -$12.15M | -$25.35M | $1.22M | $855K | -$13K | $367K |
| Total Working Capital Change | -$34.01M | -$2.21M | -$12.87M | -$11.2M | -$24.59M | -$3.37M | -$2.08M | -$722K | -$738K |
| Other Non-Cash Items | $3.3M | $5M | $1.66M | $3.36M | $56K | $124K | $176K | $218K | $103K |
| Net Cash from Operating | -$39.57M | -$2.59M | -$10.08M | -$3.95M | -$23.78M | -$890K | $1.12M | $3.8M | $1.93M |
| Investing Activities | |||||||||
| Capital Expenditures | $0 | -$104K | $0 | -$12K | -$199K | -$156K | -$917K | -$109K | -$101K |
| Acquisitions | $87K | -$501K | $0 | $2.71M | $1.48M | $0 | $0 | $92K | $608K |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $25K | $90K | $25K | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $87K | -$580K | $90K | $2.73M | $1.28M | -$156K | -$917K | -$17K | $506K |
| Financing Activities | |||||||||
| Debt Repaid | $372K | $304K | -$12.7M | $65K | -$44K | $2.38M | $705K | $574K | $838K |
| Common Stock Issuance | $0 | $2M | $0 | $0 | $18.47M | $10.96M | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.63M | -$439K |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.63M | -$439K |
| Other Financing Activities | $40.26M | -$670K | -$1.86M | -$2.6M | -$1.08M | $176K | -$1.5M | $6.3M | -$1.17M |
| Net Cash from Financing | $39.69M | $491K | $8.55M | $793K | $16.66M | $12.31M | -$789K | -$3.3M | -$2.7M |
| Forex Effect | $35K | -$296K | -$246K | $369K | -$11K | $115K | $4K | -$32K | $25K |
| Net Change in Cash | $246K | -$2.98M | -$1.68M | -$65K | -$5.85M | $11.38M | -$585K | $456K | -$235K |
| Supplementary Data | |||||||||
| Operating Cash Flow | -$39.57M | -$2.59M | -$10.08M | -$3.95M | -$23.78M | -$890K | $1.12M | $3.8M | $1.93M |
| Capital Expenditure | -$1 | -$104K | -$5 | -$12K | -$199K | -$156K | -$917K | -$109K | -$101K |
| Free Cash Flow | -$39.57M | -$2.7M | -$10.08M | -$3.97M | -$23.98M | -$1.05M | $200K | $3.69M | $1.83M |
| Cash at Beginning | $698K | $3.68M | $5.69M | $5.75M | $11.61M | $224K | $808K | $353K | $587K |
| Cash at End | $945K | $698K | $4M | $5.69M | $5.75M | $11.61M | $224K | $808K | $353K |