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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.
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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 |
Why Is MingZhu Logistics (YGMZ) Stock Up 54% Today?
MingZhu Logistics (NASDAQ: YGMZ ) stock is soaring higher on Monday despite a lack of news from the Chinese trucking company. There are no new press releases or filings with the Securities and Exchange Commission (SEC) that explain why YGMZ shares...
MingZhu Logistics Receives Nasdaq Notification Regarding Minimum Bid Requirements
SHENZHEN, China , July 24, 2023 /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 24, 2023, it received a letter from...
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MingZhu Logistics Holdings Stock (YGMZ): Why The Price Surged Today
The stock price of MingZhu Logistics Holdings Ltd (NASDAQ: YGMZ) increased by over 40% pre-market today. This is why it happened.
MingZhu Logistics: A Chinese Trucking Play Trading At Book Value Whose Fleet May Grow By 5 Times
MingZhu's shares have fallen over 50% in the last six months. In the same period, the company's book value has nearly doubled following a share offering that brought it $18 million.
MingZhu Logistics and Feipeng Logistics Enter into Non-Binding MOU to Acquire Xinjiang Feipeng Logistics
SHENZHEN, China, Oct. 12, 2021 /PRNewswire/ -- MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (MingZhu or the Company), a leading trucking service provider, today announced that it has entered into a non-binding memorandum of understanding ("MOU") to acquire the controlling interest...
MingZhu Logistics Stock Price Increases Over 10% Pre-Market: Why It Happened
The stock price of MingZhu Logistics Holdings Ltd (NASDAQ: YGMZ) increased by over 10% pre-market. This is why it happened.
MingZhu Logistics Enters into Non-binding MOU to Acquire CheYi Network
SHENZHEN, China, July 6, 2021 /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 ("MOU") to acquire...
MingZhu Logistics Announces Audited Full Year 2020 Financial Results
SHENZHEN, June 28, 2021 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced its audited financial results for the full year ended December 31, 2020. Mr....
MingZhu Logistics Holdings Limited Announces Closing of $20 Million Registered Direct Offering
SHENZHEN, China, March 12, 2021 /PRNewswire/ -- MingZhu Logistics Holdings Limited (Nasdaq: YGMZ) (the "Company"), a China-based trucking services provider, today announced that it has closed a registered direct offering of an aggregate of 3,333,335 units of its securities (each, a...
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.