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Mingzhu Logistics Holdings Limited: H1 2024 Financial Report Insights

$YGMZ
Form 6-K
Filed on: 2024-12-31
Source
Mingzhu Logistics Holdings Limited: H1 2024 Financial Report Insights

Based on the provided XML section of the financial report, here are the key insights and important information extracted:

General Information:

  • Entity Identifier: 0001782037 (Mingzhu Logistics Holdings Limited)
  • Reporting Periods:
  • First Half of 2024: January 1, 2024 – June 30, 2024
  • End of 2023: December 31, 2023
  • First Half of 2023: January 1, 2023 – June 30, 2023

Financial Highlights:

  1. Capital Lease Obligations:
  • Current Portion of Capital Lease and Financing Obligations (as of June 30, 2024): $9,529
  • Long-term Portion of Capital Lease and Financing Obligations (as of June 30, 2024): $13,389
  1. Statutory Reserves:
  • Statutory Reserves (as of December 31, 2023): $890,140
  • Statutory Reserves (as of June 30, 2024): $890,021
  • Appropriation to Statutory Reserves (2024): $119
  1. Retained Earnings and Common Stock:
  • Retained Earnings (December 31, 2023): Amount not directly specified, but is part of the equity components.
  • Common Stock (as of June 30, 2024): The specific value isn't provided but is part of the equity data.
  1. Financial Performance Metrics:
  • Total Equity Components: Includes common stock, additional paid-in capital, retained earnings, and accumulated other comprehensive income. Specific figures are not detailed in the provided snippet.

Segment Information:

  • Product or Service Segments:
  • Trucking Services
  • Liquor Distributions
  • Car Hailing and Driver Management Services
  • Car Owner Services

Insights:

  • The report includes detailed disclosures on capital leases, statutory reserves, and product/service segmentation, indicating a focus on operational aspects and compliance with financial regulations.
  • The values for statutory reserves and capital lease obligations suggest a commitment to financial stability and responsible management of liabilities.
  • The presence of multiple segments indicates diversification in operations, which could help mitigate risks associated with reliance on a single revenue stream.

Conclusion:

The financial data provided reflects Mingzhu Logistics Holdings Limited's operational structure and financial commitments as of June 30, 2024. The company appears to maintain a stable financial position while managing various service segments, indicating a diversified business strategy. Further analysis of financial ratios and complete numerical data would be necessary for a more comprehensive assessment.