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WebsiteMingZhu Logistics Holdings Limited: Overview
MingZhu Logistics Holdings Limited (ticker: YGMZ) is a 4A-grade trucking service provider listed on the Nasdaq Exchange and headquartered in Shenzhen, China. Founded in 2002, the company offers network coverage across 29 of China’s 34 provinces and autonomous regions, serving freight forwarders, warehouse operators, and large logistics enterprises.
Corporate Structure and Operations
MingZhu operates a dual-fleet model. Its self-owned fleet comprises 132 tractors and 83 trailers equipped with GPS tracking and full insurance coverage. To reduce carbon emissions, the company has invested in 61 liquefied natural gas (LNG) vehicles. Additionally, a network of subcontractors provides approximately 200 tractors and 200 trailers. Operations are supported by two regional terminals located in Guangdong Province and the Xinjiang Autonomous Region.
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Developments and News
On October 12, 2025, MingZhu announced a strategic partnership with Muamau Mall to jointly explore the Vietnamese and U.S. markets, leveraging Muamau Mall’s e-commerce platform alongside MingZhu’s domestic trucking network. The company’s Nasdaq listing in 2021 has facilitated capital raises for fleet expansion, operational improvements, and targeted acquisitions.
Financial and Strategic Analysis
As of the market close on October 20, 2025, MingZhu’s share price was USD 0.1947, reflecting a 78.84% decline from USD 0.92 on December 31, 2024. The market capitalization stands at approximately USD 56.2 million. For the trailing twelve months ended June 30, 2025, the company reported revenue of USD 40.43 million and a net loss of USD 6.19 million, corresponding to a –15.3% profit margin. Total debt represented 21.85% of equity, while cash and equivalents were USD 0.698 million. Key valuation metrics include a price-to-sales ratio of 0.09 and a price-to-book ratio of 1.26.
| Metric | Value |
|---|---|
| Share Price (2025-10-20) | USD 0.1947 |
| YTD Price Change | –78.84% |
| Market Cap | USD 56.2 M |
| Revenue (TTM) | USD 40.43 M |
| Net Income (TTM) | –USD 6.19 M |
| Profit Margin | –15.3% |
| Debt to Equity | 21.85% |
| Cash and Equivalents | USD 0.698 M |
| Price/Sales | 0.09 |
| Price/Book | 1.26 |
Market Position and Industry Context
China’s logistics sector is highly fragmented and increasingly driven by technology integration. MingZhu’s 4A-grade accreditation reflects compliance with service standards set by Chinese regulators. Its combination of self-owned and subcontracted fleets delivers scalability and route flexibility. Covering over 85% of provincial regions, MingZhu ranks among mid-sized domestic providers. Future growth will depend on fleet modernization, margin improvement, and execution of overseas market entries.
tl;dr
MingZhu Logistics is partnering with Muamau Mall to enter Vietnam and the U.S. market. As of October 20, 2025, shares trade at USD 0.1947, down 78.84% year-to-date. Trailing twelve-month revenue was USD 40.4 million with a net loss of USD 6.2 million. The 2021 Nasdaq listing continues to support capital raising for fleet and strategic initiatives aimed at strengthening domestic operations and new international ventures.
