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OTC · Industrials

MingZhu Logistics Holdings Ltd (YGMZF)

MingZhu Logistics Holdings Ltd reported revenue of $40.4M in fiscal 2024, down 54.6% from a year earlier. It posted a net loss of $6.2M. In fiscal 2024 capital spending exceeded operating cash flow by $2.7M. At December 31, 2024 it held $698.2K in cash against $3.7M of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on May 15, 2025.

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Price
$0.00
0.00% on the day · September 28, 2026
52-week range $0.00 to $17.60
Revenue (FY2024)
$40.4M
-54.6% year on year
Net margin
-15.3%

What MingZhu Logistics Holdings Ltd does

MingZhu Logistics Holdings Ltd is registered with the SEC under industry code SIC 4700 (Transportation Services). Its shares trade on OTC under the ticker YGMZF.

Revenue and profit by year

Revenue
FY18: $27.6M $27.6M FY18FY20: $29.4M $29.4M FY20FY20: $18.8M $18.8M FY20FY21: $17.4M $17.4M FY21FY22: $63.5M $63.5M FY22FY23: $89M $89M FY23FY24: $40.4M $40.4M FY24
Net income
FY18: $2.9M $2.9M FY18FY20: $1.6M $1.6M FY20FY20: $782.3K $782.3K FY20FY21: -$938.4K -$938.4K FY21FY22: $1.9M $1.9M FY22FY23: -$9.6M -$9.6M FY23FY24: -$6.2M -$6.2M FY24

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2024$40.4M-$4M-$6.2M-$1.31-$2.7M
2023$89M$848.9K-$9.6M-$2.98n/a
2022$63.5M-$100.1K$1.9M$0.73-$4M
2021$17.4M-$487.8K-$938.4K-$0.49-$24M
2020$18.8M$1.4M$782.3K$0.65-$1M
2020$29.4M$2.7M$1.6M$1.46$200.1K

Full financial statements: income, balance sheet and cash flow

Where YGMZF ranks in Industrials

Revenue$40.4M
#447 of 587 in Industrials · Bottom 24%
Revenue growth-54.6%
#517 of 519 in Industrials · Bottom 1%
Net margin-15.3%
#435 of 521 in Industrials · Bottom 17%
Free cash flow margin-6.7%
#393 of 487 in Industrials · Bottom 19%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Industrials

Latest SEC filings

What MingZhu Logistics Holdings Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. May 18, 2026
    Delisting notice 25-NSE
  2. May 14, 2026
    Deregistration 15-12G
  3. February 17, 2026
    Passive stake changed SCHEDULE 13G/A
  4. December 19, 2025
    Foreign issuer update 6-K
  5. December 11, 2025
    Foreign issuer update 6-K
  6. December 9, 2025
    Foreign issuer update 6-K
  7. December 5, 2025
    Foreign issuer update 6-K
  8. December 1, 2025
    Passive stake (5% or more) SCHEDULE 13G
  9. November 26, 2025
    Securities offering prospectus 424B5
  10. November 25, 2025
    Foreign issuer update 6-K

All filings on SEC EDGAR

Questions about YGMZF

What does MingZhu Logistics Holdings Ltd do?

MingZhu Logistics Holdings Ltd is registered with the SEC under industry code SIC 4700 (Transportation Services). Its shares trade on OTC under the ticker YGMZF.

Is MingZhu Logistics Holdings Ltd profitable?

No. In fiscal 2024 it reported a net loss of $6.2M on revenue of $40.4M.

How much revenue does MingZhu Logistics Holdings Ltd make?

In fiscal 2024 MingZhu Logistics Holdings Ltd reported revenue of $40.4M. That is 54.6% less than a year earlier.

When did MingZhu Logistics Holdings Ltd last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on May 15, 2025. It covers the period to December 31, 2024. Its newest filing of any kind is the delisting notice from May 18, 2026.

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Where the numbers come from

Financial figures are the values MingZhu Logistics Holdings Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.