Smart Logistics Global Limited Reports First Half of 2025 Financial Results

Financial Performance - Revenues for the six months ended June 30, 2025 increased by 11.4% to RMB332.8 million (US$46.5 million), compared to RMB298.7 million for the same period in 2024, driven by increased customer demand attributed to economic growth in China [6] - Income from operations for the same period was RMB8.8 million (US$1.2 million), a significant increase from RMB0.7 million in 2024, reflecting higher revenue and increased general and administrative expenses [6] - Net income for the six months ended June 30, 2025 was RMB5.8 million (US$0.8 million) or RMB0.15 per share, compared to RMB1.3 million or RMB0.03 per share for the same period in 2024 [6] - The gross profit margin improved to approximately 5.3% for the six months ended June 30, 2025, up from 3.1% in the same period of 2024, due to effective pricing strategies and favorable market conditions [6] Operational Highlights - The number of truckers registered in the Transportation Management System (TMS) increased from approximately 130,000 in December 2024 to over 140,000, indicating ongoing expansion efforts [4] - The company focuses on enhancing its contract logistics business by selecting quality truckers and establishing strong relationships through repeated transactions [4] Company Overview - Smart Logistics Global Limited has been a B2B contract logistics provider in China since 2018, specializing in industrial raw materials transportation [5] - The company offers tailored logistics solutions primarily through land-only transportation services for large institutional clients with long-term contracts [5] - Investments in advanced logistics infrastructure include a 110,000-square-meter smart logistics park in Jiangxi Province and seven strategically located full-truck load centers in China [5] Recent Developments - The company listed its ordinary shares on the Nasdaq Stock Market on October 15, 2025, completing its initial public offering on October 16, 2025, which generated gross proceeds of $5.0 million from the issuance of 1,000,000 new ordinary shares [6]