Logo

YGMZ

MingZhu Logistics Holdings Limited

YGMZ

MingZhu Logistics Holdings Limited • NASDAQ
$0.11 ▼ -9.76% (-0.01)
Market Cap $531961
52w High $24.64
52w Low $0.11
Dividend Yield 0%
P/E -0.01
Volume 67.24M
Outstanding Shares 4.79M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $8.768M $-3.304M $1.805M 20.592% $0.33 $3.886M
Q3-2024 $8.768M ▼ $-3.304M ▼ $1.805M ▲ 20.592% ▲ $0.33 ▲ $3.886M ▲
Q2-2024 $11.447M $5.718M $-4.899M -42.799% $-1.2 $-5.501M
Q1-2024 $11.447M ▼ $5.718M ▲ $-4.899M ▼ -42.799% ▼ $-1.2 ▼ $-5.501M ▼
Q4-2023 $32.911M $-3 $-1.336M -4.06% $-0.049 $1.543M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $698.239K $90.332M $45.578M $44.753M
Q3-2024 $698.239K ▼ $90.332M ▼ $45.578M ▼ $44.753M ▲
Q2-2024 $1.279M $111.795M $71.661M $40.133M
Q1-2024 $1.279M ▼ $111.795M ▼ $71.661M ▼ $40.133M ▼
Q4-2023 $3.676M $127.354M $82.797M $44.557M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $1.805M $2.392M $-334.326K $-2.423M $0 $2.34M
Q3-2024 $1.805M ▲ $2.392M ▲ $-334.326K ▼ $-2.423M ▼ $0 $2.34M ▲
Q2-2024 $-4.899M $-3.689M $44.144K $2.668M $0 $-3.689M
Q1-2024 $-4.899M ▼ $-3.689M ▲ $44.144K ▼ $2.668M ▼ $0 ▲ $-3.689M ▲
Q4-2023 $1.171M $-6.114M $58.848K $5.85M $-630.98K $-6.114M

Five-Year Company Overview

Income Statement

Income Statement The company’s income statement shows a very small business with revenue that has bounced around and recently moved backward rather than forward. Profitability is weak, with results hovering around break‑even and slipping into small losses in the most recent years. This pattern points to a fragile earnings base, high sensitivity to any disruption, and not much room for error on costs or pricing. Overall, the legacy trucking operations do not yet show the kind of growth or margins that would comfortably fund an ambitious tech pivot on their own.

Balance Sheet

Balance Sheet The balance sheet is thin, with modest assets, limited cash, and a small equity base, suggesting a company that does not have deep financial reserves. Debt levels appear low in absolute terms, but when placed against the small size of the business, even modest obligations can matter. The slight erosion in asset levels and flat equity over time hint at a business that has not been building up financial strength. Multiple reverse stock splits also suggest that shareholder capital has already been stretched and potentially diluted over time.

Cash Flow

Cash Flow Cash flow from operations has tended to hover near zero, occasionally dipping negative, which signals that the core business is not consistently generating surplus cash. Free cash flow mirrors this pattern, with essentially no visible investment spending on long‑term assets, implying limited reinvestment through traditional capital expenditures. This combination points to a company that may need external funding to support growth or new initiatives, especially for capital‑intensive technology projects. It also raises questions about how easily the firm can weather downturns or delays in its new ventures.

Competitive Edge

Competitive Edge In its traditional role, MingZhu is a small, niche trucking and logistics provider in China with an established operating history and a quality rating that suggests solid service standards. Its strategy has focused on specialized, dedicated services rather than going head‑to‑head with the largest logistics giants, which can help avoid the most intense price competition. However, the trucking industry is generally low‑margin and highly competitive, and MingZhu’s small size limits its bargaining power and scale advantages. The diversification into liquor distribution and technology may help differentiate the company, but it also pulls focus away from the core where larger, well‑capitalized competitors remain strong.

Innovation and R&D

Innovation and R&D The company is attempting a bold transition from traditional trucking to a more technology‑driven model, centering on robotics, AI, and eventually autonomous vehicles. The robot‑dog contract, if executed as described, would be a meaningful proof point that MingZhu can design, manufacture, and sell advanced hardware at scale. The non‑binding plan to acquire driverless technology and the capital raise aimed at AI‑enhanced logistics signal strong ambition but also substantial execution, integration, and regulatory risk. Overall, the innovation story is promising on paper but still early, with many key elements—technology readiness, commercial demand, and profitability—yet to be proven in practice.

Summary

MingZhu is a very small logistics company with a thin financial cushion, inconsistent revenue, and only marginal profitability, now trying to reinvent itself as a tech‑enabled logistics and robotics player. The balance sheet and cash flows do not yet show the strength typically associated with large‑scale technology bets, implying reliance on external capital and careful execution. Its established trucking network and service reputation provide a base, but the real upside narrative now hinges on robotics, AI, and autonomous driving—areas that bring both significant opportunity and high uncertainty. Going forward, the crucial things to watch are: whether the robot‑dog business scales beyond an initial contract, how the autonomous driving plans progress from non‑binding talks to real assets and products, and whether these new ventures can translate into durable revenue growth and healthier cash generation without overstraining the company’s limited financial resources.

NEWS

November 28, 2025 · 9:00 AM UTC

MingZhu's Tech Subsidiary Secures Major Robot Dog Deal

Read more

November 26, 2025 · 5:30 PM UTC

Univest Securities, LLC Announces Closing of $8.0 Million Registered Direct Offering for its Client MingZhu Logistics Holdings Limited (NASDAQ: YGMZ)

Read more

November 25, 2025 · 9:00 AM UTC

MINGZHU LOGISTICS HOLDINGS LIMITED Announces $8 Million Registered Direct Offering

Read more

November 7, 2025 · 4:05 PM UTC

Mingzhu Logistic Limited Announces 1-For-16 Reverse Share Split

Read more

October 23, 2025 · 4:05 PM UTC

Mingzhu Logistic Limited Receives Nasdaq Delisting Notice Subject to Hearing Request

Read more