See more : CANbridge Pharmaceuticals Inc. (1228.HK) Income Statement Analysis – Financial Results
Complete financial analysis of MingZhu Logistics Holdings Limited (YGMZ) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of MingZhu Logistics Holdings Limited, a leading company in the Trucking industry within the Industrials sector.
You may be interested
- Simulations Plus, Inc. (SLP) Income Statement Analysis – Financial Results
- Brookfield Business Corporation (BBUC) Income Statement Analysis – Financial Results
- Astellas Pharma Inc. (ALPMF) Income Statement Analysis – Financial Results
- China Hanking Holdings Limited (3788.HK) Income Statement Analysis – Financial Results
- Agnico Eagle Mines Limited (AEM.TO) Income Statement Analysis – Financial Results
MingZhu Logistics Holdings Limited (YGMZ)
About MingZhu Logistics Holdings Limited
MingZhu Logistics Holdings Limited, through its subsidiaries, provides trucking and delivery services using its truckload fleet and subcontractors in the People's Republic of China. The company serves sizeable logistics companies, freight forwarders, and warehouse operators. As of December 31, 2021, it operated a truckload fleet with 102 tractors and 76 trailers. MingZhu Logistics Holdings Limited was founded was founded in 2002 and is headquartered in Shenzhen, the People's Republic of China.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 89.00M | 114.07M | 17.36M | 18.79M | 29.41M | 27.65M | 20.62M |
| Cost of Revenue | 85.93M | 104.77M | 15.43M | 16.01M | 25.36M | 22.40M | 16.81M |
| Gross Profit | 3.07M | 9.31M | 1.93M | 2.78M | 4.05M | 5.25M | 3.81M |
| Gross Profit Ratio | 3.45% | 8.16% | 11.12% | 14.81% | 13.78% | 18.98% | 18.48% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 1.87M | 5.65M | 2.05M | 1.32M | 1.30M | 1.15M | 1.45M |
| Selling & Marketing | 359.35K | 784.65K | 367.63K | 50.08K | 77.62K | 65.86K | 39.91K |
| SG&A | 2.23M | 6.43M | 2.42M | 1.37M | 1.38M | 1.21M | 1.49M |
| Other Expenses | 0.00 | 980.86K | 80.99K | 110.97K | 159.66K | 181.48K | -101.15K |
| Operating Expenses | 2.23M | 6.43M | 2.42M | 1.37M | 1.38M | 1.21M | 1.49M |
| Cost & Expenses | 88.15M | 111.20M | 17.85M | 17.38M | 26.74M | 23.61M | 18.30M |
| Interest Income | 0.00 | 1.43M | 396.19K | 374.05K | 370.68K | 0.00 | 0.00 |
| Interest Expense | 450.32K | 1.43M | 396.19K | 374.05K | 370.68K | 355.33K | 289.97K |
| Depreciation & Amortization | 878.57K | 2.19M | 1.44M | 1.52M | 1.37M | 1.37M | 1.25M |
| EBITDA | 1.96M | 2.09M | 1.03M | 2.93M | 4.20M | 5.41M | 3.57M |
| EBITDA Ratio | 2.21% | 6.75% | 5.94% | 16.19% | 14.28% | 20.22% | 16.81% |
| Operating Income | 848.90K | 3.86M | -406.81K | 1.41M | 2.68M | 4.03M | 2.32M |
| Operating Income Ratio | 0.95% | 3.38% | -2.34% | 7.51% | 9.10% | 14.59% | 11.24% |
| Total Other Income/Expenses | -215.24K | 267.89K | -315.20K | -263.07K | -211.02K | -173.85K | -391.12K |
| Income Before Tax | 633.66K | 2.43M | -803.00K | 1.15M | 2.46M | 3.86M | 1.93M |
| Income Before Tax Ratio | 0.71% | 2.13% | -4.63% | 6.11% | 8.38% | 13.97% | 9.34% |
| Income Tax Expense | 268.57K | 530.04K | 135.41K | 366.44K | 821.25K | 1.01M | 688.27K |
| Net Income | -9.58M | 1.90M | -938.41K | 782.30K | 1.64M | 2.85M | 1.24M |
| Net Income Ratio | -10.76% | 1.66% | -5.41% | 4.16% | 5.59% | 10.33% | 6.01% |
| EPS | -0.08 | 0.09 | -0.05 | 0.08 | 0.13 | 0.24 | 0.10 |
| EPS Diluted | -0.08 | 0.09 | -0.05 | 0.08 | 0.13 | 0.24 | 0.10 |
| Weighted Avg Shares Out | 25.70M | 21.43M | 19.04M | 9.63M | 12.45M | 12.00M | 12.00M |
| Weighted Avg Shares Out (Dil) | 25.70M | 21.43M | 19.04M | 9.63M | 12.45M | 12.00M | 12.00M |
MingZhu Logistics to Acquire HOLDCO 36 in Transformational Business Combination
SHENZHEN, China , Sept. 12, 2024 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (Nasdaq: YGMZ), an elite provider of logistics and transportation services to businesses, today announced the acquisition of HOLDCO 36 in a transformational business combination.
MingZhu Logistics Expects to Move Forward with Alternative Options After Mutually Agreeing with Oxylus Global to Terminate Proposed Acquisition
NEW YORK and SHENZHEN, China , Sept. 12, 2024 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (Nasdaq: YGMZ) and Oxylus Global Inc ("Oxylus") today announced they have mutually agreed to terminate the acquisition proposed on May 31,...
MingZhu Logistics Regains Compliance with Nasdaq Minimum Bid Price Requirement
SHENZHEN, China , July 17, 2024 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (Nasdaq: YGMZ), an elite provider of logistics and transportation services to businesses, today announced that on July 16, 2024, it received notification from The...
Contract Awarded to MingZhu's Feipeng Subsidiary from Sinotrans Logistics for Vehicle Transport
SHENZHEN, China , July 10, 2024 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (Nasdaq: YGMZ), an elite provider of logistics and transportation services to businesses, today announced Sinotrans Logistics Northwest Co., Ltd. ("Sinotrans Logistics" https://logistics.sinotrans.com/) awarded a...
MingZhu Logistics Agrees to Acquire Oxylus Global; Company Targeting Continued Aggressive Diversification and Growth Acceleration Strategy
NEW YORK and SHENZHEN, China , May 31, 2024 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (Nasdaq: YGMZ), an elite provider of logistics and transportation services to businesses, today announced it has agreed to acquire Oxylus Global...
MingZhu Logistics Partners with Carbonomi Group to Build High-Performance Satellite-Based Intelligent Logistics Network
SHENZHEN, China , May 17, 2024 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (Nasdaq: YGMZ), an elite provider of logistics and transportation services to businesses, today announced it will partner with Carbonomi Trust ("Carbonomi"), a leading investor...
MingZhu Logistics to Acquire Mingfu Liquor; Expands Premium Liquor Business in China
SHENZHEN, China , May 1, 2024 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (Nasdaq: YGMZ), an elite provider of logistics and transportation services to businesses, today announced it has entered into a non-binding memorandum of understanding to...
MingZhu Logistics Signs Non-Binding Letter of Intent to Acquire Driverless Auto Technologies and Intellectual Property Portfolio Valued Between US$80 Million and US$90 Million
SHENZHEN, China , March 4, 2024 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced it has signed a non-binding letter of intent (the "LOI") to...
Mingzhu Receives Nasdaq Minimum Bid Price Requirement Extension
SHENZHEN, China , Jan. 23, 2024 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced that on January 23, 2024, it received notification from The...
Mingzhu Announces Unaudited Financial Results for the Six Months Ended June 30, 2023
SHENZHEN, China , Dec. 27, 2023 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced its unaudited financial results for the six months ended June...
Source: https://incomestatements.info
Category: Stock Reports
What were MingZhu’s revenue and net income for 2023?
MingZhu Logistics Holdings Limited (YGMZ) announced unaudited financial results for the six months ended June 30, 2023, with a 7.0% decrease in revenue, a 2.4% decrease in operating expenses, and a net loss of $805,636.