MingZhu Logistics Holdings Limited

EDGAR

Annual consolidated revenue for 2024: about USD 40.43M, using the latest reported figures. The previous period, 2023, was about USD 89M.

Watchlist

Latest fiscal year

Revenue

40.4 million USD

2024 · USD

Exact inputs and evidence

Operating margin

-9.98%

2024 · %

Exact inputs and evidence
  • Operating Income: -4034531 USD Source
  • Revenue: 40429750 USD Source

Operating cash flow

-2.59 million USD

2024 · USD

Exact inputs and evidence
  • Operating Cash Flow: -2593308 USD Source

Free cash flow

-2.7 million USD

2024 · USD

Exact inputs and evidence
  • Operating Cash Flow: -2593308 USD Source
  • Capital Expenditure: 103972 USD Source
Cash and cash equivalents
698 thousand USD Source
Exact value

698239 USD

Long-term debt including current maturities
3.71 million USD Source
Exact value

3710133 USD

Shares outstanding
6.68 million shares Source
Exact value

6679065 shares

Reported share-count change

94.09% · 3.24 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 3441172 shares · 2023-12-31· Source
  • 6679065 shares · 2024-12-31· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2025-12-19.

Financial data available through: 2024-12-31.

Coverage by financial measure
  • Revenue: 7 of 11 periods available· newest 2024-12-31
  • Operating income: 7 of 11 periods available· newest 2024-12-31
  • Net income: 7 of 11 periods available· newest 2024-12-31
  • Operating cash flow: 7 of 11 periods available· newest 2024-12-31
  • Capital expenditure: 6 of 11 periods available· newest 2024-12-31
  • Total assets: 6 of 11 periods available· newest 2024-12-31
  • Total liabilities: 6 of 11 periods available· newest 2024-12-31
  • Current assets: 6 of 11 periods available· newest 2024-12-31
  • Current liabilities: 6 of 11 periods available· newest 2024-12-31
  • Cash and cash equivalents: 6 of 11 periods available· newest 2024-12-31
  • Long-term debt including current maturities: 6 of 11 periods available· newest 2024-12-31
  • Shares outstanding: 6 of 11 periods available· newest 2024-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -54.6%

    Prior period

    USD 89 million

    –

    Current period

    USD 40.43 million

    –

    Exact inputs and evidence

    40429750 − 89002243 = -48572493 USD

    89002243 USD · 2023-01-01 – 2023-12-31

    Inspect prior input Prior source

    40429750 USD · 2024-01-01 – 2024-12-31

    Inspect current input Current source
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  • Net income

    +USD 3.39 million

    Prior period

    −USD 9.58 million

    –

    Current period

    −USD 6.19 million

    –

    Exact inputs and evidence

    -6187511 − -9579760 = 3392249 USD

    -9579760 USD · 2023-01-01 – 2023-12-31

    Inspect prior input Prior source

    -6187511 USD · 2024-01-01 – 2024-12-31

    Inspect current input Current source
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  • Operating cash flow

    +USD 7.49 million

    Prior period

    −USD 10.08 million

    –

    Current period

    −USD 2.59 million

    –

    Exact inputs and evidence

    -2593308 − -10079465 = 7486157 USD

    -10079465 USD · 2023-01-01 – 2023-12-31

    Inspect prior input Prior source

    -2593308 USD · 2024-01-01 – 2024-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2024 2024-01-01 – 2024-12-31

  • Revenue USD 40.43 million 100% of revenue
  • Operating costs Derived USD 44.46 million 110% of revenue
  • Operating income −USD 4.03 million −10% of revenue
  • Tax, interest and other Derived USD 2.15 million 5.3% of revenue
  • Net income −USD 6.19 million −15% of revenue

Cash

  • Operating cash flow −USD 2.59 million −6.4% of revenue
  • Capital expenditure USD 103,972 0.3% of revenue
  • Free cash flow Derived −USD 2.7 million −6.7% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2018 10%85%
  • 2019 91%
  • 2020 92%
  • 2021 Operating loss: operating costs were 103% of revenue.
  • 2022 Operating loss: operating costs were 100% of revenue.
  • 2023 Net loss: net income was −11% of revenue.
  • 2024 Operating loss: operating costs were 110% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2018 2018-01-01 – 2018-12-3127646789 23612023 Derived 4034766 1179879 Derived 2854887 3690406 Derived
Source
2019 2019-01-01 – 2019-12-3129410550 26735484 Derived 2675066 1032272 Derived 1642794 200107 Derived
Source
2020 2020-01-01 – 2020-12-3118793951 17382139 Derived 1411812 629516 Derived 782296 -1046238 Derived
Source
2021 2021-01-01 – 2021-12-3117358914 17846718 Derived -487804 450609 Derived -938413 -23983643 Derived
Source
2022 2022-01-01 – 2022-12-3163515071 63615123 Derived -100052 -1996240 Derived 1896188 -3966198 Derived
Source
2023 2023-01-01 – 2023-12-3189002243 88153345 Derived 848898 10428658 Derived -9579760 Unavailable
Source
2024 2024-01-01 – 2024-12-3140429750 44464281 Derived -4034531 2152980 Derived -6187511 -2697280 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 40.4M 2024
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.96.1M72.1M48.1M24.0M0.0201820212024
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2018Revenue27646789
2019Revenue29410550
2020Revenue18793951
2021Revenue17358914
2022Revenue63515071
2023Revenue89002243
2024Revenue40429750

Revenue growth

Change in revenue from the same financial period one year earlier.

-54.6% 2024
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.292%199%106%13%-80%201820212024
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2018Year over yearNo prior comparable period
2019Year over year6.4%
2020Year over year-36.1%
2021Year over year-7.6%
2022Year over year265.9%
2023Year over year40.1%
2024Year over year-54.6%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -10% 2024
Net margin -15.3% 2024
Free cash flow margin -6.7% 2024
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.27%-17%-62%-106%-150%201820212024
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2018Operating margin14.6%
2019Operating margin9.1%
2020Operating margin7.5%
2021Operating margin-2.8%
2022Operating margin-0.2%
2023Operating margin1%
2024Operating margin-10%
2018Net margin10.3%
2019Net margin5.6%
2020Net margin4.2%
2021Net margin-5.4%
2022Net margin3%
2023Net margin-10.8%
2024Net margin-15.3%
2018Free cash flow margin13.3%
2019Free cash flow margin0.7%
2020Free cash flow margin-5.6%
2021Free cash flow margin-138.2%
2022Free cash flow margin-6.2%
2023Free cash flow marginNot reported
2024Free cash flow margin-6.7%

Operating cash flow

Cash generated by the company’s normal business operations.

USD -2.6M 2024
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.6.0M-2.0M-10.0M-18.0M-26.0M201820212024
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2018Operating cash flow3798997
2019Operating cash flow1117395
2020Operating cash flow-890209
2021Operating cash flow-23784162
2022Operating cash flow-3953955
2023Operating cash flow-10079465
2024Operating cash flow-2593308

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -2.7M 2024
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.5.9M-2.1M-10.1M-18.2M-26.2M201820212024
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2018Free cash flow3690406
2019Free cash flow200107
2020Free cash flow-1046238
2021Free cash flow-23983643
2022Free cash flow-3966198
2023Free cash flowUnavailable
2024Free cash flow-2697280

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

50.5% 2024
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.70%53%35%18%0%2018-12-3120212024
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2018-12-31Liabilities / assetsNot reportedNo source recorded
2019Liabilities / assets50.8%
2020Liabilities / assets37.3%
2021Liabilities / assets45.4%
2022Liabilities / assets50.6%
2023Liabilities / assets65%
2024Liabilities / assets50.5%

Current assets to current liabilities

Current assets divided by current liabilities.

1× 2024
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.61×1.96×1.30×0.65×0.00×2018-12-3120212024
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2018-12-31Current assets / current liabilitiesNot reportedNo source recorded
2019Current assets / current liabilities1.57×
2020Current assets / current liabilities2.42×
2021Current assets / current liabilities1.15×
2022Current assets / current liabilities1.39×
2023Current assets / current liabilities1.01×
2024Current assets / current liabilities1×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2018 2018-01-01 – 2018-12-31
USD 2.85 million
Exact value

Exact value: 2854887 USD

2018-01-01 – 2018-12-31: 2854887 USD Inspect Net Income Open source
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USD 3.8 million
Exact value

Exact value: 3798997 USD

2018-01-01 – 2018-12-31: 3798997 USD Inspect Operating Cash Flow Open source
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USD 108,591
Exact value

Exact value: 108591 USD

2018-01-01 – 2018-12-31: 108591 USD Inspect Capital Expenditure Open source
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USD 3.69 million
Calculation and evidence

3798997 − 108591 USD

Exact free cash flow: 3690406 USD

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2019 2019-01-01 – 2019-12-31
USD 1.64 million
Exact value

Exact value: 1642794 USD

2019-01-01 – 2019-12-31: 1642794 USD Inspect Net Income Open source
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USD 1.12 million
Exact value

Exact value: 1117395 USD

2019-01-01 – 2019-12-31: 1117395 USD Inspect Operating Cash Flow Open source
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USD 917,288
Exact value

Exact value: 917288 USD

2019-01-01 – 2019-12-31: 917288 USD Inspect Capital Expenditure Open source
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USD 200,107
Calculation and evidence

1117395 − 917288 USD

Exact free cash flow: 200107 USD

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2020 2020-01-01 – 2020-12-31
USD 782,296
Exact value

Exact value: 782296 USD

2020-01-01 – 2020-12-31: 782296 USD Inspect Net Income Open source
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−USD 890,209
Exact value

Exact value: -890209 USD

2020-01-01 – 2020-12-31: -890209 USD Inspect Operating Cash Flow Open source
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USD 156,029
Exact value

Exact value: 156029 USD

2020-01-01 – 2020-12-31: 156029 USD Inspect Capital Expenditure Open source
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−USD 1.05 million
Calculation and evidence

-890209 − 156029 USD

Exact free cash flow: -1046238 USD

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2021 2021-01-01 – 2021-12-31
−USD 938,413
Exact value

Exact value: -938413 USD

2021-01-01 – 2021-12-31: -938413 USD Inspect Net Income Open source
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−USD 23.78 million
Exact value

Exact value: -23784162 USD

2021-01-01 – 2021-12-31: -23784162 USD Inspect Operating Cash Flow Open source
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USD 199,481
Exact value

Exact value: 199481 USD

2021-01-01 – 2021-12-31: 199481 USD Inspect Capital Expenditure Open source
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−USD 23.98 million
Calculation and evidence

-23784162 − 199481 USD

Exact free cash flow: -23983643 USD

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2022 2022-01-01 – 2022-12-31
USD 1.9 million
Exact value

Exact value: 1896188 USD

2022-01-01 – 2022-12-31: 1896188 USD Inspect Net Income Open source
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−USD 3.95 million
Exact value

Exact value: -3953955 USD

2022-01-01 – 2022-12-31: -3953955 USD Inspect Operating Cash Flow Open source
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USD 12,243
Exact value

Exact value: 12243 USD

2022-01-01 – 2022-12-31: 12243 USD Inspect Capital Expenditure Open source
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−USD 3.97 million
Calculation and evidence

-3953955 − 12243 USD

Exact free cash flow: -3966198 USD

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2023 2023-01-01 – 2023-12-31
−USD 9.58 million
Exact value

Exact value: -9579760 USD

2023-01-01 – 2023-12-31: -9579760 USD Inspect Net Income Open source
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−USD 10.08 million
Exact value

Exact value: -10079465 USD

2023-01-01 – 2023-12-31: -10079465 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
−USD 6.19 million
Exact value

Exact value: -6187511 USD

2024-01-01 – 2024-12-31: -6187511 USD Inspect Net Income Open source
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−USD 2.59 million
Exact value

Exact value: -2593308 USD

2024-01-01 – 2024-12-31: -2593308 USD Inspect Operating Cash Flow Open source
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USD 103,972
Exact value

Exact value: 103972 USD

2024-01-01 – 2024-12-31: 103972 USD Inspect Capital Expenditure Open source
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−USD 2.7 million
Calculation and evidence

-2593308 − 103972 USD

Exact free cash flow: -2697280 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

72 filings · 480 latest values · 480 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001782037, 1782037, YGMZ, YGMZF, edgar:1782037

Also known as MingZhu Logistics Holdings Limited, MingZhu Logistics Holdings Ltd, Mingzhu Logistics Holdings Limited