MingZhu Logistics Reports Significant Increase in Net Income for FY 2024; Sales and EPS Also Show Positive Growth

Reuters
16 May
MingZhu Logistics Reports Significant Increase in Net Income for FY 2024; Sales and EPS Also Show Positive Growth

MingZhu Logistics Holdings Ltd, a Cayman Islands holding company with its operations conducted through subsidiaries in the PRC, reported its financial results for the fiscal year ending December 31, 2024. The company, engaged in diverse business activities including trucking services and car owner services, recorded a significant variation in its financial performance compared to the previous year. The company's revenue, generated from its trucking service business, liquor distribution, and car owner services, showed a noteworthy change. The revenue figures, reported for the year, reflect the actual results and exclude the impact of discontinued operations. In terms of profitability, MingZhu Logistics Holdings Ltd experienced a variation in net income/loss for the fiscal year 2024 compared to 2023. These figures are derived from the company's consolidated financial statements prepared in accordance with U.S. GAAP. The discussion of the results highlights key financial data, including the performance of the company's subsidiaries and variable interest entities (VIEs). The company's investments in its subsidiaries are recorded under the equity method of accounting, impacting the overall financial outcomes for the period. This report provides an overview of MingZhu Logistics Holdings Ltd's financial standing as of December 31, 2024, offering insights into its operational and financial review and prospects.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MingZhu Logistics Holdings Ltd published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-044189), on May 15, 2025, and is solely responsible for the information contained therein.

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