What is MINGZHU LOGISTICS HLDGS's earnings per share (EPS)?

MINGZHU LOGISTICS HLDGS (YGMZF) reported diluted earnings per share of -$1.31 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

MINGZHU LOGISTICS HLDGS (YGMZF) Financials

YGMZF

FY2024 annual

Revenue $40.4M -54.6% YoY

Net Income -$6.2M +35.4% YoY

EPS (Diluted) -$1.31 YoY not available

Free Cash Flow -$2.7M YoY not available

Source SEC Filings (10-K/10-Q) Latest period FY2024, ended Dec 31, 2024 Reported May 15, 2025 Currency USD FYE December

Newest figures come from the 10-K for FY2024, filed May 15, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the YGMZF SEC filings page.

MINGZHU LOGISTICS HLDGS (YGMZF) reported $40.4M in revenue for fiscal year 2024, down 54.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI YGMZF FY2024 2026-08-30

The dominant mechanic is scale contraction meeting rigid overhead, leaving cash flow negative and short-term obligations tightly matched to current assets.

FY2024 pairs a revenue contraction to $40.4M from $89.0M in FY2023 with a net loss; the business lost operating scale faster than it could resize its cost base. Operating cash flow was only -$2.6M, materially less negative than earnings, while FY2023 cash flow broadly tracked its loss—pointing to noncash or working-capital effects cushioning cash conversion rather than reversing the underlying operating weakness.

The balance sheet carries only $595K of long-term debt against $45.6M of total liabilities, so leverage is not the main financing feature. A current ratio of 1.0x in FY2024 indicates current assets were essentially matched to current obligations, leaving little working-capital slack.

SG&A rose to $4.4M in FY2024 from $1.9M in FY2023 even as revenue contracted, making overhead proportionally heavier. Free cash flow remained negative at -$2.7M despite only $104K of capital expenditure, indicating that the cash shortfall was primarily operational rather than a reinvestment surge.

Financial Health Signals

Financial health score not available

MINGZHU LOGISTICS HLDGS does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

2/8

MINGZHU LOGISTICS HLDGS passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality No Cash Backing

N/A

MINGZHU LOGISTICS HLDGS reported a net loss of $6.2M while operations used $2.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

MINGZHU LOGISTICS HLDGS reported an operating loss of $4.0M against $369K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2024.

Cash & Balance Sheet

Cash & Debt

$698K

YoY-81.0%

QoQ-45.4%

MINGZHU LOGISTICS HLDGS held $698K in cash against $595K in long-term debt as of Q4 2024, with $45.0M of liabilities due within a year.

Shares Outstanding

MINGZHU LOGISTICS HLDGS had 7M shares outstanding in Q4 2024.

Free Cash Flow

Not reported for Q4 2024.

Dividends Per Share

Not reported for Q4 2024.

Margins & Returns

None of these metrics is reported for Q4 2024.

Capital Allocation

None of these metrics is reported for Q4 2024.

YGMZF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

YGMZF quarterly income statement

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Revenue	$40.4M-54.6%	$89.0M+40.1%	$63.5M+265.9%	$17.4M-7.6%	$18.8M-36.1%	$29.4M+6.4%	$27.6M
Cost of Revenue	N/A	$13.0M-70.4%	$44.0M+185.0%	$15.4M-3.6%	$16.0M	N/A	N/A
Gross Profit	N/A	$76.0M+288.7%	$19.5M+912.4%	$1.9M-30.6%	$2.8M	N/A	N/A
SG&A Expenses	$4.4M+136.8%	$1.9M-31.1%	$2.7M+32.0%	$2.1M+55.2%	$1.3M+1.7%	$1.3M+13.3%	$1.1M
Operating Income	-$4.0M-575.3%	$849K+948.5%	-$100K+79.5%	-$488K-134.6%	$1.4M-47.2%	$2.7M-33.7%	$4.0M
EBITDA	-$3.2M-287.0%	$1.7M-17.5%	$2.1M+120.3%	$951K-67.6%	$2.9M-27.5%	$4.0M-25.3%	$5.4M
Interest Expense	$369K-18.1%	$450K-42.9%	$789K+99.2%	$396K+5.9%	$374K+0.9%	$371K+4.3%	$355K
Income Tax	$34K-87.2%	$269K+18.7%	$226K+67.0%	$135K-63.0%	$366K-55.4%	$821K-18.4%	$1.0M
Net Income	-$6.2M+35.4%	-$9.6M-605.2%	$1.9M+302.1%	-$938K-220.0%	$782K-52.4%	$1.6M-42.5%	$2.9M
EPS (Basic)	-$1.31+56.0%	-$2.98-519.7%	$0.71+1320.0%	$0.05-37.5%	$0.08-55.6%	$0.18	N/A
EPS (Diluted)	-$1.31	-$2.98	$0.73	-$0.06	$0.08-55.6%	$0.18-43.8%	$0.32
Diluted Shares (Avg)	5M	3M	3M	15M	10M+7.0%	9M	0

Metric	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

YGMZF Balance Sheet

YGMZF quarterly balance sheet

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Total Assets	$90.3M-29.1%	$127.4M+30.9%	$97.3M+27.4%	$76.4M+125.0%	$33.9M+66.5%	$20.4M	N/A
Current Assets	$45.0M-46.4%	$83.8M+26.6%	$66.3M+67.3%	$39.6M+31.2%	$30.2M+95.8%	$15.4M	N/A
Cash & Equivalents	$698K-81.0%	$3.7M-4.6%	$3.9M+4811.3%	$78K-96.3%	$2.1M+842.1%	$224K-72.3%	$808K
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$2.7M-91.4%	$31.6M+96.1%	$16.1M+341.1%	$3.7M-31.7%	$5.3M-50.9%	$10.9M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	$14.2M0.0%	$14.2M	N/A	N/A	N/A
Total Liabilities	$45.6M-45.0%	$82.8M+68.3%	$49.2M+41.9%	$34.7M+173.8%	$12.7M+22.3%	$10.4M	N/A
Current Liabilities	$45.0M-45.6%	$82.7M+73.0%	$47.8M+39.3%	$34.3M+174.4%	$12.5M+27.0%	$9.8M	N/A
Non-Current Liabilities	$595K+391.1%	$121K-91.4%	$1.4M+271.5%	$380K+131.2%	$164K-68.3%	$518K	N/A
Long-Term Debt	$595K+391.1%	$121K-52.2%	$253K+41.3%	$179K-51.8%	$372K-66.8%	$1.1M	N/A
Total Equity	$44.8M+0.4%	$44.6M-7.4%	$48.1M+15.4%	$41.7M+95.9%	$21.3M+112.2%	$10.0M+17.9%	$8.5M
Retained Earnings	-$1.3M-126.2%	$4.9M-36.4%	$7.7M+29.9%	$5.9M-14.1%	$6.9M+10.7%	$6.2M	N/A

Metric	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K
Total Assets	$90.3M-29.1%	$111.8M	$127.4M+30.9%	$97.3M+27.4%	$76.4M+125.0%	$33.9M+66.5%	$20.4M
Current Assets	$45.0M-46.4%	$66.8M	$83.8M+26.6%	$66.3M+67.3%	$39.6M+31.2%	$30.2M+95.8%	$15.4M
Cash & Equivalents	$698K-81.0%	$1.3M	$3.7M-4.6%	$3.9M+4811.3%	$78K-96.3%	$2.1M+842.1%	$224K
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$2.7M-91.4%	$16.0M	$31.6M+96.1%	$16.1M+341.1%	$3.7M-31.7%	$5.3M-50.9%	$10.9M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	N/A	$14.2M0.0%	$14.2M	N/A	N/A
Total Liabilities	$45.6M-45.0%	$71.7M	$82.8M+68.3%	$49.2M+41.9%	$34.7M+173.8%	$12.7M+22.3%	$10.4M
Current Liabilities	$45.0M-45.6%	$71.1M	$82.7M+73.0%	$47.8M+39.3%	$34.3M+174.4%	$12.5M+27.0%	$9.8M
Non-Current Liabilities	$595K+391.1%	$514K	$121K-91.4%	$1.4M+271.5%	$380K+131.2%	$164K-68.3%	$518K
Long-Term Debt	$595K+391.1%	N/A	$121K-52.2%	$253K+41.3%	$179K-51.8%	$372K-66.8%	$1.1M
Total Equity	$44.8M+0.4%	$40.1M	$44.6M-7.4%	$48.1M+15.4%	$41.7M+95.9%	$21.3M+112.2%	$10.0M
Retained Earnings	-$1.3M-126.2%	-$4.9M	$4.9M-36.4%	$7.7M+29.9%	$5.9M-14.1%	$6.9M+10.7%	$6.2M

Not reported in any period shown, so not listed: Inventory.

YGMZF Cash Flow Statement

YGMZF quarterly cash flow statement

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Operating Cash Flow	-$2.6M+74.3%	-$10.1M-154.9%	-$4.0M+83.4%	-$23.8M-2571.8%	-$890K-179.7%	$1.1M-70.6%	$3.8M
Depreciation & Amortization	$805K-8.4%	$879K-60.0%	$2.2M+52.5%	$1.4M-5.3%	$1.5M+11.2%	$1.4M-0.6%	$1.4M
Capital Expenditures	$104K	N/A	$12K-93.9%	$199K+27.8%	$156K-83.0%	$917K+744.7%	$109K
Free Cash Flow	-$2.7M	N/A	-$4.0M+83.5%	-$24.0M-2192.4%	-$1.0M-622.8%	$200K-94.6%	$3.7M
Investing Cash Flow	-$580K-745.2%	$90K-96.7%	$2.7M+113.4%	$1.3M+918.8%	-$156K+83.0%	-$917K-5456.3%	-$17K
Financing Cash Flow	$491K-94.3%	$8.6M+978.2%	$793K-95.2%	$16.7M+35.3%	$12.3M+1661.1%	-$789K+76.1%	-$3.3M

Metric	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

YGMZF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

YGMZF quarterly financial ratios

Metric	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K
Gross Margin	N/A	85.4%+54.6pp	30.8%+19.7pp	11.1%-3.7pp	14.8%	N/A	N/A
Operating Margin	-10.0%-10.9pp	0.9%+1.1pp	-0.2%+2.6pp	-2.8%-10.3pp	7.5%-1.6pp	9.1%-5.5pp	14.6%
Net Margin	-15.3%-4.5pp	-10.8%-13.8pp	3.0%+8.4pp	-5.4%-9.6pp	4.2%-1.4pp	5.6%-4.7pp	10.3%
Return on Equity	-13.8%+7.7pp	-21.5%-25.4pp	3.9%+6.2pp	-2.3%-5.9pp	3.7%-12.7pp	16.4%-17.2pp	33.6%
Return on Assets	-6.9%+0.7pp	-7.5%-9.5pp	1.9%+3.2pp	-1.2%-3.5pp	2.3%-5.8pp	8.1%	N/A
Current Ratio	1.000.0x	1.01-0.4x	1.39+0.2x	1.15-1.3x	2.42+0.8x	1.57	N/A
Debt-to-Equity	0.010.0x	0.000.0x	0.010.0x	0.000.0x	0.02-0.1x	0.11	N/A
Asset Turnover	0.45-0.3x	0.700.0x	0.65+0.4x	0.23-0.3x	0.55-0.9x	1.44	N/A
FCF Margin	-6.7%	N/A	-6.2%	-138.2%	-5.6%-6.3pp	0.7%-12.7pp	13.4%

Metric	Q4'2410-K	Q2'2410-Q	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K
Current Ratio	1.000.0x	0.94	1.01-0.4x	1.39+0.2x	1.15-1.3x	2.42+0.8x	1.57
Debt-to-Equity	0.010.0x	1.79	0.000.0x	0.010.0x	0.000.0x	0.02-0.1x	0.11

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Note: The current ratio is below 1.0 (1.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Where MINGZHU LOGISTICS HLDGS Ranks

Frequently Asked Questions

What is MINGZHU LOGISTICS HLDGS's annual revenue?

MINGZHU LOGISTICS HLDGS (YGMZF) reported $40.4M in total revenue for fiscal year 2024. This represents a -54.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is MINGZHU LOGISTICS HLDGS's revenue growing?

MINGZHU LOGISTICS HLDGS (YGMZF) revenue declined by 54.6% year-over-year, from $89.0M to $40.4M in fiscal year 2024.

Is MINGZHU LOGISTICS HLDGS profitable?

No, MINGZHU LOGISTICS HLDGS (YGMZF) reported a net income of -$6.2M in fiscal year 2024, with a net profit margin of -15.3%.

What is MINGZHU LOGISTICS HLDGS's EBITDA?

MINGZHU LOGISTICS HLDGS (YGMZF) had EBITDA of -$3.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does MINGZHU LOGISTICS HLDGS have?

As of fiscal year 2024, MINGZHU LOGISTICS HLDGS (YGMZF) had $698K in cash and equivalents against $595K in long-term debt.

What is MINGZHU LOGISTICS HLDGS's operating margin?

MINGZHU LOGISTICS HLDGS (YGMZF) had an operating margin of -10.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is MINGZHU LOGISTICS HLDGS's net profit margin?

MINGZHU LOGISTICS HLDGS (YGMZF) had a net profit margin of -15.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is MINGZHU LOGISTICS HLDGS's return on equity (ROE)?

MINGZHU LOGISTICS HLDGS (YGMZF) has a return on equity of -13.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is MINGZHU LOGISTICS HLDGS's free cash flow?

MINGZHU LOGISTICS HLDGS (YGMZF) recorded an outflow of $2.7M in free cash flow during fiscal year 2024. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is MINGZHU LOGISTICS HLDGS's operating cash flow?

MINGZHU LOGISTICS HLDGS (YGMZF) recorded an outflow of $2.6M in operating cash flow during fiscal year 2024, representing cash used by core business activities.

What are MINGZHU LOGISTICS HLDGS's total assets?

MINGZHU LOGISTICS HLDGS (YGMZF) had $90.3M in total assets as of fiscal year 2024, including both current and long-term assets.

What are MINGZHU LOGISTICS HLDGS's capital expenditures?

MINGZHU LOGISTICS HLDGS (YGMZF) invested $104K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does MINGZHU LOGISTICS HLDGS have outstanding?

MINGZHU LOGISTICS HLDGS (YGMZF) had 7M shares outstanding as of fiscal year 2024.

What is MINGZHU LOGISTICS HLDGS's current ratio?

MINGZHU LOGISTICS HLDGS (YGMZF) had a current ratio of 1.00 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is MINGZHU LOGISTICS HLDGS's debt-to-equity ratio?

MINGZHU LOGISTICS HLDGS (YGMZF) had a debt-to-equity ratio of 0.01 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is MINGZHU LOGISTICS HLDGS's return on assets (ROA)?

MINGZHU LOGISTICS HLDGS (YGMZF) had a return on assets of -6.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is MINGZHU LOGISTICS HLDGS's Piotroski F-Score?

MINGZHU LOGISTICS HLDGS (YGMZF) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are MINGZHU LOGISTICS HLDGS's earnings high quality?

MINGZHU LOGISTICS HLDGS (YGMZF) reported a net loss of $6.2M while operations used $2.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can MINGZHU LOGISTICS HLDGS cover its interest payments?

MINGZHU LOGISTICS HLDGS (YGMZF) reported an operating loss of $4.0M against $369K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.