Eastern International(ELOG)
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Eastern International(ELOG) - Prospectus(update)
2025-08-25 13:53
As filed with the U.S. Securities and Exchange Commission on August 25, 2025 Registration No. 333-281900 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 7 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EASTERN INTERNATIONAL LTD. 东源全球股份有限公司 (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) Cayman Islands 4731 Not Applicable (State or other jurisdiction of (Primary Standard Industrial (I ...
东源物流赴美IPO:20辆自有卡车就去敲纳斯达克的钟——笑点很低,门槛很高
Sou Hu Cai Jing· 2025-08-12 05:44
Core Viewpoint - Eastern International Ltd. (ELOG) is preparing for an IPO on NASDAQ, focusing on practical funding allocation rather than high-concept narratives, aiming to transform project logistics into a stable cash-generating business [1][4][21]. Company Overview - Company Name: Eastern International Ltd. (ELOG) [5] - Proposed Exchange: NASDAQ [5] - Number of Shares Offered: 1,600,000 [5] - Price Range: $4.00 - $5.00 [5] - Total Shares Outstanding Post-Issue: Approximately 12,017,000 [5] - Use of Proceeds: 20% for Southeast Asia project logistics, 20% for equipment and capital expenditures, 10% for system development and training, 10% for potential acquisitions, and 40% for working capital [5][4]. Financial Performance - Revenue for FY2024: $40.44 million; FY2025: $40.04 million [5][10]. - Net Profit for FY2024: $1.08 million; FY2025: $1.78 million [5][10]. - Gross Margin: FY2024 at 12.4%; FY2025 projected at 15.0% [5][10]. - Transportation Revenue for FY2025: $35.25 million; Warehousing Revenue: $4.79 million [5][10]. - Customer Concentration: Top three customers contribute approximately 43% of revenue [5][10]. Operational Insights - The company operates with 20 owned vehicles and collaborates with over 2,000 social vehicles [5][7]. - Warehousing facilities cover over 25,000 square meters across multiple cities [5][7]. - Project logistics is a core service, focusing on complex transportation needs for large and specialized equipment [8][39]. Market Position and Strategy - The logistics industry in China is highly competitive, with ELOG facing challenges from various service providers [27][28]. - The company aims to leverage its experience and network to maintain a competitive edge in project logistics [8][21]. - ELOG's strategy includes expanding its market share in Southeast Asia and enhancing operational efficiency through technology upgrades [63]. Governance and Ownership - The company will operate as a controlled company under NASDAQ rules, with the chairman holding approximately 64.8% of voting power [14][5]. - The governance structure allows for certain exemptions from independence requirements, which may impact minority shareholders [14].
Eastern International(ELOG) - Prospectus(update)
2025-07-18 18:10
As filed with the U.S. Securities and Exchange Commission on July 18, 2025 Registration No. 333-281900 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 6 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EASTERN INTERNATIONAL LTD. 东源全球股份有限公司 (Exact name of Registrant as specified in its charter) Cayman Islands 4731 Not Applicable (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code ...
营收增速“急刹车”,净利润仅108万美元,东源物流赴美上演生死时速
美股研究社· 2025-03-06 10:32
Core Viewpoint - The article discusses the challenges and opportunities faced by Eastern International Ltd (ELOG) as it seeks to go public on NASDAQ amid a competitive landscape in the logistics industry, particularly in cross-border logistics and project logistics sectors [1][12]. Business Growth and Profitability Issues - ELOG has experienced significant revenue growth, with projected revenues of $24.16 million and $40.44 million for the fiscal years 2023 and 2024, respectively, representing a year-on-year growth rate of 67.4% [4]. - However, in the first half of fiscal year 2025, revenue growth slowed significantly to only 5.5%, with core transportation services growing by just 2.5% [4]. - The increase in revenue was primarily driven by general logistics services, while project logistics revenue declined [5]. - Despite a rise in gross margin from 11.1% to 14.2%, net profit growth was limited to 3.8% due to various factors including foreign exchange gains and interest expenses [5]. Market Dynamics in Project Logistics - The project logistics market in China is rapidly growing, with a market size of 36.49 billion RMB in 2023, reflecting a 4.1% year-on-year increase [7]. - The demand for project logistics services is driven by the construction and energy sectors, which require extensive transportation and coordination of materials [7][8]. - The market is highly fragmented, leading to intense competition, with major players like SF Express and JD already established in the sector [8][9]. Customer Concentration and Financial Risks - ELOG's revenue is highly concentrated, with two major clients accounting for 38% of total revenue in fiscal year 2024, increasing the risk of revenue volatility [10]. - The company's accounts receivable are high, with receivables amounting to $14 million, representing 66% of total assets, which poses liquidity challenges [10][11]. IPO and Liquidity Challenges - ELOG plans to raise $7.2 million through its IPO, which is significantly lower than the average fundraising amounts of its peers [13]. - The high proportion of accounts receivable in current assets (85%) indicates a need for better receivables management and potential strategic partnerships to alleviate liquidity pressures [14]. - The company is encouraged to explore new markets in Africa and Latin America to diversify its revenue streams and reduce dependency on existing markets [15].
Eastern International(ELOG) - Prospectus(update)
2025-02-24 16:22
(Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) As filed with the U.S. Securities and Exchange Commission On February 24, 2025 Registration No. 333-281900 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 5 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EASTERN INTERNATIONAL LTD. 东源全球股份有限公司 | Cayman Islands | 4731 | Not Applicable | | --- | --- | --- | | (State or other jurisdiction of ...
Eastern International(ELOG) - Prospectus(update)
2025-02-14 19:13
As filed with the U.S. Securities and Exchange Commission On February 14, 2025 Registration No. 333-281900 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 4 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EASTERN INTERNATIONAL LTD. 东源全球股份有限公司 (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) | Cayman Islands | 4731 | Not Applicable | | --- | --- | --- | | (State or other jurisdiction of ...
Eastern International(ELOG) - Prospectus(update)
2025-01-21 21:26
As filed with the U.S. Securities and Exchange Commission On January 21, 2025 Registration No. 333-281900 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 3 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EASTERN INTERNATIONAL LTD. 东源全球股份有限公司 (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) | Cayman Islands | 4731 | Not Applicable | | --- | --- | --- | | (State or other jurisdiction of ...
Eastern International(ELOG) - Prospectus(update)
2024-12-31 19:28
As filed with the U.S. Securities and Exchange Commission On December 31, 2024 Registration No. 333-281900 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 2 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EASTERN INTERNATIONAL LTD. 东源全球股份有限公司 Suite 901-903, 9th Floor, Building #2, Qianwan Zhigu Chuanhua Smart CenterScience and Technology City Block Xiaoshan Economic and Technological Development Zone Xiaoshan District, Hangzhou, Zhejiang Province, China ...
Eastern International(ELOG) - Prospectus(update)
2024-10-01 17:34
As filed with the U.S. Securities and Exchange Commission On October 1, 2024 Registration No. 333-281900 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 1 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EASTERN INTERNATIONAL LTD. 东源全球股份有限公司 (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) | Cayman Islands | 4731 | Not Applicable | | --- | --- | --- | | (State or other jurisdiction of | ...
Eastern International(ELOG) - Prospectus
2024-09-03 19:25
As filed with the U.S. Securities and Exchange Commission On September 3, 2024 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EASTERN INTERNATIONAL LTD. 东源全球股份有限公司 (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) incorporation or organization) Classification Code Number) Identification number) Cayman Islands 4731 Not Applicable ( ...