Smart Logistics Global Limited Ordinary Shares

SLGB

Trucking · Industrials

Price

$0.98

+0.47 (+92.48%)

Market Cap

$42.1M

Exchange

NASDAQ Global Select

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Based on the IPO prospectus (annual filing). This score will refine automatically once the company reports its first quarters.

Share count rising — dilution

+759.3% over 8y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 5.0M (2017) → 43.0M (2025)

Smart Logistics Global Limited is a trucking and freight transportation company based in China. It moves goods for businesses by coordinating truck shipments across road networks, connecting shippers who need cargo moved with drivers and carriers who can move it. The company operates in China's large but fragmented logistics industry.

The company earns revenue by charging fees for arranging and completing freight deliveries, keeping a small portion of each transaction as its margin. With a gross margin of only about 4.7% and a negative operating margin, the business currently spends more than it earns from operations, which is a significant concern. China's trucking sector is highly competitive, with many small operators and larger digital freight platforms all competing for the same shipments, making it difficult to build pricing power. The main risk the company faces is sustaining operations while margins remain thin and the business continues to lose money at the operating level.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

YoY Growth Rate

Revenue data limited

EPS Growth

YoY Growth Rate

EPS data limited

R&D Spend

$0/ year

↓ Declining (-100% vs prior year)

0.0% of revenue

Below sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

97.6%ownership

Insiders own a meaningful stake in the company

Cash Runway

~0 months

$450,720 cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Smart Logistics Global Limited Ordinary Shares has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

4.7%

Thin — 4.7% gross margin

Operating Margin

-2.3%

Losing money on operations — -2.3%

ROCE

-8.1%

Weak — -8.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+709.2%

Fast-growing sales (709.2% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

N/A

Data not available

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-7.9%

Burning cash (-7.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.26

Conservative — low debt load (0.26)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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