See more : byNordic Acquisition Corporation (BYNOU) 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.
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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 |
MingZhu Logistics Holdings Limited Announces $20 Million Registered Direct Offering
Mingzhu Logistics Holdings Limited Announces Unaudited Financial Results of First Half Year of 2020
Why Shares of MingZhu Logistics Are Falling Today
MingZhu Logistics Holdings Limited Announces Partial Exercise of Underwriter's Over-Allotment Option
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.