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ELOG

Eastern International Ltd. Ordinary Shares

ELOG

Eastern International Ltd. Ordinary Shares • NASDAQ
$2.03 ▼ -3.33% (-0.07)
Market Cap $21.15 M
52w High $3.60
52w Low $1.77
Dividend Yield 0%
P/E 13.53
Volume 8.11K
Outstanding Shares 10.42M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $846.409K ▲ $24.781M ▲ $13.315M ▼ $11.466M ▲
Q2-2024 $188.183K ▼ $24.317M ▲ $13.763M ▲ $10.554M ▲
Q4-2023 $2.17M $22.991M $13.241M $9.75M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow

Five-Year Company Overview

Income Statement

Income Statement ELOG’s income statement looks more like that of a very small, early-stage operator than a mature logistics company. Reported revenue has been inching up from a very low base, and gross profit has recently turned positive, but operating profit and cash earnings are still essentially flat. Earnings per share have swung from a loss to modest profits, which likely reflects finance and listing structure effects rather than strong underlying operating performance. Overall, the business is still in the “proof of concept and scaling” phase, where even small changes in revenue or costs can have a big impact on reported profit.

Balance Sheet

Balance Sheet The balance sheet is extremely light, with a small pool of assets and only a thin layer of equity. Debt exists but does not appear heavy; the bigger issue is that the company also reports very limited cash, which suggests only a modest financial cushion. This kind of balance sheet can be efficient for a specialized, asset-light logistics model, but it also means less room to absorb shocks, delays in projects, or slow-paying customers. Future growth will likely depend on continued access to outside funding or improved internal cash generation as the business scales.

Cash Flow

Cash Flow Cash flow so far appears flat and close to break-even, both from operations and after investments. There is little sign yet of strong, self-funding cash generation, but also no sign of heavy capital spending. That fits with a project-focused, service-oriented logistics provider that leases many of its assets rather than owning everything outright. The key watch point is whether operating cash flow starts to track and eventually exceed reported earnings as more projects are won and executed; until that happens, cash flow quality remains an open question.

Competitive Edge

Competitive Edge ELOG’s edge is based on specialization rather than size. It focuses on complex project logistics for the new energy sector—especially wind power—where moving gigantic, delicate components safely and on time requires deep technical know-how, planning skill, and strict quality controls. Longstanding relationships with major wind equipment makers, a network spanning key regions in China and parts of Asia, and recognized quality certifications together form a meaningful moat against generic logistics providers. The flip side is that ELOG is tied closely to the health of China’s renewable energy build-out and faces the possibility of larger logistics firms targeting this niche if it becomes more profitable.

Innovation and R&D

Innovation and R&D ELOG is not a lab-heavy R&D story; its “innovation” is mostly about process, integration, and specialization. The company has invested in capabilities to handle ultra-large wind equipment, apply strict safety and quality systems, and coordinate multi-step, cross-border projects. The acquisition of a power engineering firm adds another layer, allowing ELOG to combine engineering services with logistics into a more integrated offering. Moves into offshore wind logistics show it is targeting technically demanding work where experience is hard to replicate. The main risk is that these advantages rely on execution and accumulated know-how rather than protected technology, so continued investment in skills, systems, and partnerships will be critical.

Summary

ELOG is a tiny, specialized logistics player positioned at the intersection of infrastructure and renewable energy, with a particular focus on complex wind power projects. Its financial history reflects a company still at an early stage: small revenues, thin profits, light assets, and limited cash, but without heavy debt. Strategically, it has carved out a niche based on expertise, safety and quality credentials, and integration into customers’ project workflows, reinforced by targeted acquisitions and offshore wind expansion. The opportunity lies in scaling this model as renewable investment grows; the main uncertainties are its ability to turn specialist know-how into durable, cash-generating growth and to manage policy, customer, and execution risks with a relatively lean financial base.

NEWS

November 4, 2025 · 8:30 AM UTC

Eastern International Ltd. generated over RMB 45 million (approximately US$ 6.323 million) in revenue from its ongoing logistics services for offshore wind power projects and also launched the Yangjiang offshore project

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October 27, 2025 · 8:30 AM UTC

Eastern International Ltd. Acquires Guizhou Minji to Expand Logistics into Power Engineering Field

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