Overview
Compare with Jayud Global Logistics Ltd, PS International Group Ltd. or Eastern International Ltd., or pick any stock.
- TickerSLGB on Nasdaq1
- IndustryArrangement of Transportation of Freight & Cargo1
- Business addressUnit No. 805, 8Th Floor, Capital Centre, 151 Gloucester Road, Wanchai3
- Filer categoryNon-accelerated filer, Emerging growth company3
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Mr. Hue became the sole shareholder of Jiabin HK through acquiring the remaining interests of Jiabin HK held by the third party shareholder.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Paper products brought in 50% of the revenue Smart Logistics Global Ltd broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Paper products | 362.0M CNY | 363.7M CNY | 312.7M CNY |
| Food And Others | 163.8M CNY | 147.9M CNY | 194.6M CNY |
| Coal | 124.9M CNY | 117.5M CNY | 73.7M CNY |
| Steel [member] | 55.9M CNY | 49.1M CNY | 47.4M CNY |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue95¢$85.7M
- Other costs4¢$3.8M
- Income tax0¢$394.4K
Out of $89.9M in revenue.2 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| REVENUE | 628.5M CNY | 678.2M CNY | 706.7M CNY |
| Costs of revenue | 599.2M CNY | 650.7M CNY | 678.7M CNY |
| Selling and marketing expenses | 32.2M CNY | 5.0M CNY | 5.1M CNY |
| General and administrative expenses | 11.3M CNY | 11.1M CNY | 12.1M CNY |
| Total costs and expenses | 642.7M CNY | 666.8M CNY | 695.9M CNY |
| INCOME (LOSS) FROM OPERATIONS | -14.2M CNY | 11.4M CNY | 10.8M CNY |
| Foreign exchange gain (loss) | -28.2K CNY | 3.4K CNY | 42.1K CNY |
| Other income (expenses), net | -23.3K CNY | 80.7K CNY | 59.3K CNY |
| Interest income (expenses), net | -1.2M CNY | 1.6M CNY | 4.4M CNY |
| Total other income (expenses), net | -1.2M CNY | 1.7M CNY | 4.5M CNY |
| INCOME (LOSS) BEFORE INCOME TAXES | -15.4M CNY | 13.1M CNY | 15.3M CNY |
| Income tax expense | -2.8M CNY | -4.5M CNY | -5.9M CNY |
| NET INCOME (LOSS) | -18.2M CNY | 8.7M CNY | 9.4M CNY |
| Foreign currency translation adjustments | 262.4K CNY | -5.3M CNY | -3.8M CNY |
| COMPREHENSIVE INCOME (LOSS) | -17.9M CNY | 3.3M CNY | 5.5M CNY |
| Earnings (Loss) per share - Basic (in Dollars per share and Yuan Renminbi per share) | -0.45 CNY | 0.22 CNY | 0.23 CNY |
| Earnings (Loss) per share - diluted (in Dollars per share and Yuan Renminbi per share) | -0.45 CNY | 0.22 CNY | 0.23 CNY |
| Weighted average number of ordinary shares outstanding - Basic (in Shares) | 40.4M shares | 40.0M shares | 40.0M shares |
| Weighted average number of ordinary shares outstanding - diluted (in Shares) | 40.4M shares | 40.0M shares | 40.0M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash | 3.1M CNY | 10.5M CNY |
| Accounts receivable, net | 7.1M CNY | 15.7M CNY |
| Contract assets | 48.1M CNY | 63.6M CNY |
| Inventories | 108.3K CNY | 334.9K CNY |
| Prepayments and other current assets | 71.0M CNY | 7.1M CNY |
| Total current assets | 129.4M CNY | 97.3M CNY |
| Property, equipment and software, net | 38.6M CNY | 39.8M CNY |
| Land use right, net | 8.1M CNY | 8.3M CNY |
| Other non-current assets | 19.8M CNY | 29.5M CNY |
| Deferred tax assets | 1.3M CNY | |
| Operating lease right-of-use assets, net | 130.2K CNY | 392.2K CNY |
| Total non-current assets | 67.9M CNY | 78.0M CNY |
| Total assets | 197.3M CNY | 175.2M CNY |
| Accounts payable | 1.5M CNY | 9.6M CNY |
| Accrued expenses and other current liabilities | 10.6M CNY | 9.9M CNY |
| Advances from customers | 255.3K CNY | 236.8K CNY |
| Short-term bank loans | 34.9M CNY | 31.0M CNY |
| Due to controlling shareholder | 4.7M CNY | 1.3M CNY |
| Dividend payable | 57.2K CNY | 59.8K CNY |
| Income tax payables | 3.4M CNY | 2.7M CNY |
| Operating lease liabilities, current | 105.8K CNY | 367.8K CNY |
| Total current liabilities | 55.6M CNY | 55.2M CNY |
| Deferred tax liability, net | 3.2M CNY | |
| Other non-current liability | 5.5M CNY | 5.8M CNY |
| Total non-current liabilities | 5.5M CNY | 9.0M CNY |
| Total liabilities | 61.1M CNY | 64.2M CNY |
| Ordinary shares, 156,000,000,000 shares authorized with par value HK$0.0001 each, 40,000,000 and 43,000,000 shares issued and outstanding as of December 31, 2024 and 2025 | 3.9K CNY | 3.6K CNY |
| Subscription receivable | -3.6K CNY | -3.6K CNY |
| Additional paid-in capital | 47.6M CNY | 4.6M CNY |
| Accumulated other comprehensive loss | -11.9M CNY | -12.1M CNY |
| Statutory reserves | 24.3M CNY | 23.9M CNY |
| Retained earnings | 76.2M CNY | 94.8M CNY |
| Total shareholders equity | 136.2M CNY | 111.1M CNY |
| Total liabilities and shareholders equity | 197.3M CNY | 175.2M CNY |
| Ordinary shares, shares authorized (in Shares) | 156.0B shares | 156.0B shares |
| Ordinary shares, par value per share (in Dollars per share and Yuan Renminbi per share) | 0.00 CNY | 0.00 CNY |
| Ordinary shares, shares issued (in Shares) | 43.0M shares | 40.0M shares |
| Ordinary shares, shares outstanding (in Shares) | 43.0M shares | 40.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash | 3.1M CNY | 10.5M CNY |
| Accounts receivable, net | 7.1M CNY | 15.7M CNY |
| Contract assets | 48.1M CNY | 63.6M CNY |
| Inventories | 108.3K CNY | 334.9K CNY |
| Prepayments and other current assets | 71.0M CNY | 7.1M CNY |
| Total current assets | 129.4M CNY | 97.3M CNY |
| Property, equipment and software, net | 38.6M CNY | 39.8M CNY |
| Land use right, net | 8.1M CNY | 8.3M CNY |
| Other non-current assets | 19.8M CNY | 29.5M CNY |
| Deferred tax assets | 1.3M CNY | |
| Operating lease right-of-use assets, net | 130.2K CNY | 392.2K CNY |
| Total non-current assets | 67.9M CNY | 78.0M CNY |
| Total assets | 197.3M CNY | 175.2M CNY |
| Accounts payable | 1.5M CNY | 9.6M CNY |
| Accrued expenses and other current liabilities | 10.6M CNY | 9.9M CNY |
| Advances from customers | 255.3K CNY | 236.8K CNY |
| Short-term bank loans | 34.9M CNY | 31.0M CNY |
| Due to controlling shareholder | 4.7M CNY | 1.3M CNY |
| Dividend payable | 57.2K CNY | 59.8K CNY |
| Income tax payables | 3.4M CNY | 2.7M CNY |
| Operating lease liabilities, current | 105.8K CNY | 367.8K CNY |
| Total current liabilities | 55.6M CNY | 55.2M CNY |
| Deferred tax liability, net | 3.2M CNY | |
| Other non-current liability | 5.5M CNY | 5.8M CNY |
| Total non-current liabilities | 5.5M CNY | 9.0M CNY |
| Total liabilities | 61.1M CNY | 64.2M CNY |
| Ordinary shares, 156,000,000,000 shares authorized with par value HK$0.0001 each, 40,000,000 and 43,000,000 shares issued and outstanding as of December 31, 2024 and 2025 | 3.9K CNY | 3.6K CNY |
| Subscription receivable | -3.6K CNY | -3.6K CNY |
| Additional paid-in capital | 47.6M CNY | 4.6M CNY |
| Accumulated other comprehensive loss | -11.9M CNY | -12.1M CNY |
| Statutory reserves | 24.3M CNY | 23.9M CNY |
| Retained earnings | 76.2M CNY | 94.8M CNY |
| Total shareholders equity | 136.2M CNY | 111.1M CNY |
| Total liabilities and shareholders equity | 197.3M CNY | 175.2M CNY |
| Ordinary shares, shares authorized (in Shares) | 156.0B shares | 156.0B shares |
| Ordinary shares, par value per share (in Dollars per share and Yuan Renminbi per share) | 0.00 CNY | 0.00 CNY |
| Ordinary shares, shares issued (in Shares) | 43.0M shares | 40.0M shares |
| Ordinary shares, shares outstanding (in Shares) | 43.0M shares | 40.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (Loss) | -18.2M CNY | 8.7M CNY | 9.4M CNY |
| Depreciation and amortization of property, equipment and software | 1.5M CNY | 1.7M CNY | 2.3M CNY |
| Share-based compensation | 27.0M CNY | ||
| (Gain) Loss on disposal of property, plant and equipment | 5.8K CNY | -280 CNY | |
| Amortization of land use right | 191.2K CNY | 191.2K CNY | 191.2K CNY |
| Amortization of right-of-use assets | 464.5K CNY | 658.1K CNY | 646.4K CNY |
| Deferred income tax | -4.5M CNY | -58.5K CNY | 548.4K CNY |
| Foreign exchange (gain) loss | 6.4K CNY | -16.5K CNY | -41.8K CNY |
| Inventories | 226.6K CNY | -149.8K CNY | -80.6K CNY |
| Accounts receivable | 8.7M CNY | -1.4M CNY | 2.9M CNY |
| Prepayment and other current assets | -69.2M CNY | -489.0K CNY | 2.7M CNY |
| Interest receivable | -2.9M CNY | -5.2M CNY | |
| Other non-current assets | 5.0M CNY | 791.3K CNY | -814.8K CNY |
| Contract assets | 15.5M CNY | 4.0M CNY | 3.1M CNY |
| Advances from customers | 18.5K CNY | 122.0K CNY | -368.7K CNY |
| Accounts payable | -8.1M CNY | -2.2M CNY | 26.8M CNY |
| Accrued expenses and other current liabilities | 679.0K CNY | 1.6M CNY | -67.1K CNY |
| Lease liabilities | -471.5K CNY | -624.8K CNY | -609.9K CNY |
| Other non-current liabilities | -300.0K CNY | -40.0K CNY | 370.0K CNY |
| Income tax payable | 723.9K CNY | 2.6M CNY | -3.1M CNY |
| Net cash provided by (used in) operating activities | -40.7M CNY | 12.5M CNY | 38.6M CNY |
| Purchase of property, equipment and software | -298.3K CNY | -242.5K CNY | -13.5M CNY |
| Proceed from disposal of property, plant and equipment | 32.5K CNY | ||
| Loans provided to third-party suppliers | -25.0M CNY | -27.0M CNY | |
| Repayment from loan provided to third-party suppliers | 60.1M CNY | 103.7M CNY | |
| Loan provided to the controlling shareholder | -134.2M CNY | ||
| Repayment from loan provided to the controlling shareholder | 14.2M CNY | ||
| Net cash (used in) provided by investing activities | -298.3K CNY | 34.9M CNY | -56.8M CNY |
| Proceeds from initial public offering | 34.9M CNY | ||
| Loan received from the bank | 34.9M CNY | 31.0M CNY | 28.8M CNY |
| Repayment of bank loan | -31.0M CNY | -23.0M CNY | -13.8M CNY |
| Amount received from controlling shareholder | 8.4M CNY | 12.0M CNY | 19.4M CNY |
| Amount repaid to the controlling shareholder | -4.9M CNY | -17.6M CNY | -1.3M CNY |
| Repayment of long-term loan to a third-party customer | -4.9M CNY | ||
| Payment of deferred issuance cost | -8.9M CNY | -4.6M CNY | -5.2M CNY |
| Dividend paid | -45.0M CNY | ||
| Net cash provided by (used in) financing activities | 33.5M CNY | -47.1M CNY | 23.0M CNY |
| Effect of exchange rate changes | 120.3K CNY | -3.5M CNY | -425.5K CNY |
| Net increase (decrease) in cash | -7.4M CNY | -3.2M CNY | 4.3M CNY |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | 209.5K CNY | 247.3K CNY | |
| Settlement of the balance due from and due to the controlling shareholder | 123.3M CNY | ||
| Offset balance of loan receivable and accounts payable with the same third-party suppliers | 16.6M CNY | ||
| Income tax paid | 6.5M CNY | 4.8M CNY | 8.5M CNY |
| Interest paid | 1.2M CNY | 1.2M CNY | 1.1M CNY |
No quarter-by-quarter statement was filed.
Corporate structure
Smart Logistics Global Ltd sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Smart Logistics Global Ltd
- ASL Ventures Ltd Filed SCHEDULE 13G on Smart Logistics Global Ltd, latest Nov 7, 2025
- Smart Logistics Global Ltd
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Smart Logistics Global Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Construction in progress | 13.4M CNY2 Dec 31, 2024 | ||
| Property and equipment, before depreciation | $8.4M2 Dec 31, 2025 | ||
| Accumulated depreciation | $2.9M2 Dec 31, 2025 | ||
| Property and equipment, net | $5.5M2 Dec 31, 2025 | ||
| Operating-lease assets (leased space) | $18.6K2 Dec 31, 2025 |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | 8.1M CNY2 Dec 31, 2025 | 8.3M CNY2 Dec 31, 2024 | −2.3% |
| Finite-lived intangibles, gross | $1.4M2 Dec 31, 2025 | ||
| Accumulated amortization | $211.9K2 Dec 31, 2025 | ||
| Finite-lived intangibles, net | $1.2M2 Dec 31, 2025 |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $15.5K2 Dec 31, 2025 |
Leadership
Who has led Smart Logistics Global Ltd, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerHue Kwok Chiu Mar 18, 2026 to now5
- Chief financial officerTai On Lo Mar 18, 2026 to now6
- Chief operating officerKwun Ting Law Mar 18, 2026 to now7
Board members and other officers (6)
- CTO of Jiabin HKFu Lam Derek Wong Mar 18, 2026 to now8
- Board memberHue Kwok Chiu Mar 18, 2026 to now5
- Board memberKam Wing Timmy Hung Mar 18, 2026 to now9
- Board memberTai On Lo Mar 18, 2026 to now6
- Board memberWai Man Chung Mar 18, 2026 to now10
- Board memberMan Li Ng Mar 19, 2026 to now11
Timeline
- Mar 18, 2026New chief executive Hue Kwok Chiu becomes CEO5
Filings
64 filings to the SEC since October 2021: 1 annual reports, 7 insider forms, 1 large holders, 55 other. The latest 20:
- Aug 31, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 10, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jun 22, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- May 5, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 30, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 30, 202620-F ANNUAL REPORT EDGAR
- Mar 19, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Jan 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Dec 19, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Nov 25, 2025S-8 REGISTRATION STATEMENT EDGAR
- Nov 7, 2025SCHEDULE 13G EDGAR
- Oct 16, 20256-K EDGAR
- Oct 15, 2025424B4 EDGAR
- Oct 14, 20258-A12B EDGAR
The 64 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- ASL Ventures LtdSCHEDULE 13G, 1 filing Nov 7, 202512
SEC filer profile
How Smart Logistics Global Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSmart Logistics Global Ltd1
- CIK0001987189
- Filer statusNon-accelerated filer an emerging growth company; not a shell company4
- Incorporated inCayman Islands4
- Industry code (SIC)4731 Arrangement of Transportation of Freight & Cargo1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business addressUnit No. 805, 8Th Floor, Capital Centre, 151 Gloucester Road, Wanchai, Hong Kong, Hong Kong1
- Phone852 6741 75691
- Shares outstanding43,000,000 shares as of Dec 31, 20254
- AuditorJ&S Associate PLT, Kuala Lumpur, Malaysia PCAOB ID 6743; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceOct 2, 20231
- Filings64 in all: CORRESP (10), UPLOAD (9), 6-K (8), 3 (7), F-1/A (7), DRSLTR (4), DRS/A (3), FWP (3)1
All 18 form types
8-A12B (2), EFFECT (2), F-1 (2), 20-F (1), 424B4 (1), CERT (1), DRS (1), RW (1), S-8 (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (20-F) Apr 30, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary shares, par value HK$0.0001 per share | SLGB | Nasdaq |
From the cover page of the 20-F filed Apr 30, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6SEC EDGARTai On Lo, Chief financial officer
- 7
- 8SEC EDGARFu Lam Derek Wong, CTO of Jiabin HK
- 9SEC EDGARKam Wing Timmy Hung, Board member
- 10SEC EDGARWai Man Chung, Board member
- 11SEC EDGARMan Li Ng, Board member
- 12