Quarterly ResultApr 30, 2026, 05:01 PM
SLGB FY25 Revenue -7.3% to $89.9M; Net Loss $2.6M
AI Summary
Smart Logistics Global Ltd (SLGB) reported a 7.3% decrease in fiscal year 2025 revenue to RMB628.5 million (US$89.9 million) and a net loss of RMB18.2 million (US$2.6 million), compared to a net income of RMB8.7 million in 2024. The decline was attributed to reduced customer demand, particularly in coal and steel sectors, and a significant non-cash share-based consulting expense. Despite this, the company improved its gross profit margin to 4.7% from 4.1% and increased total transportation distance by 11.7%, indicating a shift to longer-haul routes. SLGB also announced a new Northern Supply Chain Center in Xuzhou, Jiangsu Province, to support long-haul business growth and expects a gradual recovery in the PRC economy in 2026.
Key Highlights
- FY25 revenue decreased 7.3% to RMB628.5M (US$89.9M) from RMB678.2M in FY24.
- Reported net loss of RMB18.2M (US$2.6M) in FY25, compared to net income of RMB8.7M in FY24.
- Gross profit margin improved to 4.7% in FY25 from 4.1% in FY24.
- Total transportation distance increased by 11.7% in FY25.
- Total number of transportation orders dropped 13.6% and total weight transported decreased 13.0%.
- Income from operations decreased from RMB11.4M in FY24 to a net loss of RMB14.2M (US$2.0M) in FY25.
- Opened a new Northern Supply Chain Center in Xuzhou, Jiangsu Province.