SLGB

HONG KONG, April 30, 2026 (GLOBE NEWSWIRE) -- Smart Logistics Global Limited (Nasdaq: SLGB) (the “Company”), a Hong Kong-based business-to-business contract logistics solution provider, today reported its financial results for the fiscal year ended December 31, 2025. Hue Kwok Chiu, Chief Executive Officer and Chairman of the Company, stated, “Although we experienced a decline in revenue, we were able to improve our gross profit margins. The total distance in kilometers we transported increased by 11.7%, reflecting a shift toward longer-haul transportation despite lower overall volumes. We did have a weakness in the coal and steel sectors which was attributed to the PRC economy during 2025 but the increase in transportation distance highlights the Company’s ability to capture demand in longer-distance routes. We believe the economic downturn will not persist throughout 2026 and we expect a gradual recovery in the PRC economy, supported by our ongoing efforts to optimize service efficiency and strengthen customer relationships.” Financial highlights Revenues for 2025 decreased from approximately RMB678.2 million for 2024 to approximately RMB628.5 million (US$89.9 million), representing a decrease of approximately 7.3%. This decline was mainly due to reduced customer demand, as evidenced by a 13.6% drop in the total number of transportation orders and a 13.0% decrease in total weight transported. Income from operations decreased from RMB 11.4 million in 2024 to a net loss of RMB 14.2 million (US$ 2.0 million) in 2025, primarily due to a material non-cash share-based consulting expense recognized during 2025 in connection with the issuance of unrestricted ordinary shares to a third-party consultant. The expense significantly increased selling and marketing expenses for the year and was the principal driver of the Company’s net loss. Net loss of RMB18.2 million (US$2.6 million) for 2025, compared to net income of RMB8.7 million in 2024. Gross profit margin improved from approximately 4.1% in 2024 to 4.7% in 2025, despite the decline in revenue. This increase reflects the Company’s ability to maintain stable mark-ups to customers during a period of reduced demand and economic downturn in the PRC. The resilience in margin performance highlights effective cost management and pricing discipline, which helped offset the impact of lower order volumes and tonnage, and p...

HONG KONG, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Smart Logistics Global Limited (Nasdaq: SLGB) (the “Company”), a Hong Kong-based business-to-business contract logistics solution provider, today reported its financial results for the six months ended June 30, 2025. Financial highlights Revenues for the six months ended June 30, 2025 increased 11.4% to RMB332.8 million (US$46.5 million), compared to RMB298.7 million for the same period in 2024. The increase in the Company’s revenue from the provision of transportation services was primarily attributed to the increased needs and demands from customers, which in turn was generally attributed to the economic growth in the PRC during the period. Income from operations for the six months ended June 30, 2025 was RMB8.8 million (US$1.2 million), compared to RMB0.7 million for the same period in 2024. The increase in income from operations was mainly a combined effect of the increase in our revenue and increase in our general and administrative expenses over the said periods. Net Income for the six months ended June 30, 2025 was RMB5.8 million (US$0.8 million) or RMB0.15 a share, compared to RMB1.3 million or RMB0.03 a share for the same period in 2024. Recent Operational Highlights Subsequent to the reporting period ended June 30, 2025, the Company listed its ordinary shares on the Nasdaq Stock Market on October 15, 2025 and completed its initial public offering on October 16, 2025. The offering resulted in the issuance of 1,000,000 new ordinary shares and generated gross proceeds of $5.0 million. This transaction represents a significant milestone in the Company’s development, enhancing its capital structure and providing additional liquidity to support future growth. The Company’s gross profit margin increased to approximately 5.3% for the six months ended June 30, 2025, compared to 3.1% for the six months ended June 30, 2024. The improvement was primarily attributable to both pricing and cost factors. In response to continued economic growth, the Company implemented targeted pricing strategies that resulted in higher margins for certain customers, supported by stronger demand and favorable market conditions. Hue Kwok Chiu, Chief Executive Officer and Chairman of the Company, stated, “This is a very exciting time for us, given this is our first financial report since becoming a publicly traded company. I want to thank...