Smart Logistics Global Limited reported full‑year revenue of RMB628.5 million, down 7.3% from RMB678.2 million in FY2024, and a net loss of RMB18.2 million versus a net income of RMB8.7 million the prior year. The loss was largely driven by a one‑time, non‑cash share‑based consulting expense of RMB27.0 million that increased selling and marketing costs.
Gross profit margin rose to 4.7% from 4.1% in FY2024, reflecting the company’s ability to maintain stable mark‑ups amid weaker demand. The improvement was supported by cost‑control measures and a shift toward higher‑margin longer‑haul routes.
Total distance transported grew 11.7% to an unspecified figure, while transportation orders fell 13.6% and weight transported fell 13.0%, indicating a move toward longer, more efficient routes.
"Although we experienced a decline in revenue, we were able to improve our gross profit margins. The total distance in kilometers we transported increased by 11.7%, reflecting a shift toward longer‑haul transportation despite lower overall volumes." – CEO Hue Kwok Chiu
"We did have a weakness in the coal and steel sectors which was attributed to the PRC economy during 2025 but the increase in transportation distance highlights the Company's ability to capture demand in longer-distance routes." – CEO Hue Kwok Chiu
"In January we announced a Northern Supply Chain Center in Xuzhou, Jiangsu Province, China, which has expanded our B2B logistics network in China." – CEO Hue Kwok Chiu
The company cited weakness in the coal and steel sectors, linked to the broader Chinese economy in 2025, as a headwind. Despite this, management expressed confidence that the economic downturn would not persist into 2026 and that the company’s focus on longer‑haul business and network expansion would position it for a gradual recovery.
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