Financial Highlights
Total revenues increased 3.7% year-over-year to $39.2 million, as a result of the significant increase of $2.1 million in international trading business.
Net income was $0.3 million, a notable recovery from the $2.7 million net loss recorded in the six months ended June 30, 2024.
Basic and diluted earnings per share was $0.003, compared to a loss per share of $0.12 in the prior-year period.
Total assets grew to $26.5 million as of June 30, 2025, up from $25.7 million as of December 31, 2024.
Cash and cash equivalents stood at $4.2 million as of June 30, 2025.
Operational Highlights
In March 2025, Jayud initiated its exclusive chartered route between Fuzhou, China, and Jakarta, Indonesia, with the inaugural flight on March 21, 2025. Operating three weekly flights via Boeing 737-800 (18-ton capacity), the service complies with IATA guidelines for lithium-ion battery transport, supporting Southeast Asia's e-commerce growth through integrated logistics solutions.
In June 2025, Jayud received $4.2 million of subsidy from the Shenzhen Transportation Bureau for its 2022-2023 Shenzhen-Clark and Shenzhen-Davao charter routes.
"These results reflect steady progress in our core operations amid a dynamic global trade environment," stated Mr. Xiaogang Geng, Chairman and Chief Executive Officer of Jayud Global Logistics Limited. "The year-over-year revenue growth and return to profitability underscore the effectiveness of our focus on high-margin cross-border services and operational efficiencies. Key initiatives, including the receipt of substantial government support for our charter flight operations and the launch of our exclusive Fuzhou-Jakarta air cargo route, further bolster this progress. Looking ahead, we remain optimistic about achieving revenue growth for the full year, supported by sustained demand in e-commerce and international trading segments. We are also actively pursuing future collaborations with well-known industry partners to expand the reach of our best-in-class solutions and create new avenues for growth."
Financial Results for the Six Months ended June 30, 2025
Revenues for the first six months of 2025 were driven by increased demand in international trading and e-commerce logistics, with the international trading segment accounting for 42.9% of total revenues.
Cost of revenues decreased 4.5% for the six months ended June 30, 2025. A primary factor in this reduction was the receipt of a RMB 30,258,086 (approximately USD 4.2 million) government subsidy from the Shenzhen Transportation Bureau in June 2025, pertaining to two charter flight routes operated during 2022-2023. The Company anticipates receiving a certain amount of 2023-2024 government subsidy in future.
Gross profit improved significantly, reflecting enhanced cost controls and a shift toward value-added services such as supply chain optimization and bonded warehousing. Operating expenses were managed effectively, enabling the Company to deliver a positive net income of $0.3 million—a clear indicator of improved financial health compared to the prior-year loss.
Cash flows reflected seasonal fluctuations in working capital, including higher accounts receivable balances that supported revenue expansion. Investing activities utilized $0.2 million primarily for property, equipment, and intangible assets to bolster logistics infrastructure. Financing activities resulted in net cash usage of $0.6 million, driven by debt repayments offset by new borrowings.
Capital expenditures totaled $0.2 million in the first six months of 2025, with a focus on logistics equipment and IT system enhancements to support anticipated business growth.
Balance Sheet Overview
As of June 30, 2025, current assets totaled $20.0 million, representing a 2.0% increase from $19.6 million at December 31, 2024. Non-current assets increased to $6.5 million, driven by strategic capital investment in fixed assets and intangible assets, mainly software. This reflects the Company's ongoing investment in its operational infrastructure and technological capabilities. Total liabilities were $15.1 million, with short-term borrowings at $2.0 million. Shareholders' equity attributable to Jayud stood at $12.8 million.
About Jayud Global Logistics Limited
Jayud Global Logistics Limited is one of the leading Shenzhen-based end-to-end supply chain solution providers in China, focusing on cross-border logistics services. The Company benefits from the unique geographical advantages of providing a high degree of support for ocean, air, and overland logistics. The Company has established a global operation nexus featuring logistic facilities throughout major transportation hubs in China and globally, with footprints in 12 provinces in Mainland China and 16 countries across six continents. Jayud offers a comprehensive range of cross-border supply chain solutions, including freight forwarding, supply chain management, and other value-added services. With its strong service capabilities and research and development capabilities in proprietary IT systems, the Company provides customized and efficient logistics solutions and develops long-standing customer relationships. For more information, please visit the Company's website: https://ir.jayud.com.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may", "will", "expect", "anticipate", "aim", "estimate", "intend", "plan", "believe", "is/are likely to", "potential", "continue" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.
For more information, please contact:
Jayud Global Logistics LimitedInvestor Relations DepartmentEmail:
Investor Relations Contact:Matthew Abenante, IRCPresidentStrategic Investor Relations, LLC Tel: 347-947-2093Email:
***Tables Follow***
JAYUD GLOBAL LOGISTICS LIMITEDINTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
December 31,
June 30, 2025
2024
(Unaudited)
RMB
RMB
US$
Assets
Current assets
Cash
36,996,422
30,143,886
4,210,863
Restricted cash
103,489
-
-
Accounts receivable, net
38,696,583
67,987,919
9,497,377
Accounts receivable - related parties
249,925
451,609
63,086
Contract assets
3,441,959
3,551,078
496,058
Prepaid expenses and other current assets, net
33,915,774
28,631,047
3,999,531
Prepaid expenses and other current assets - related parties
6,696,004
-
-
Other receivable - related parties
20,273,420
11,418,978
1,595,141
Loan receivable - related parties
-
935,906
130,739
Total current assets
140,373,576
143,120,423
19,992,795
Non-current assets
Long term investments
20,633,148
20,770,979
2,901,542
Property and equipment, net
15,657,880
16,582,800
2,316,486
Intangible asset, net
2,086,712
2,220,901
310,242
Operating right-of-use assets, net
1,881,535
2,232,626
311,880
Deferred offering costs
-
110,958
15,500
Deferred tax assets, net
3,733,020
4,365,138
609,775
Total non-current assets
43,992,295
46,283,402
6,465,425
TOTAL ASSETS
184,365,871
189,403,825
26,458,220
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Short-term borrowings
10,497,682
14,253,311
1,991,075
Current maturities of a long-term borrowing
-
40,000
5,588
Loans payable - related parties
2,233,700
40,000
5,588
Loans payable - shareholders
8,655,800
-
-
Accounts payable - third parties
44,452,581
40,290,919
5,628,321
Accounts payable - related parties
242,734
11,730,867
1,638,710
Contract liabilities
4,080,621
10,039,099
1,402,383
Accrued expenses and other current liabilities
12,084,446
5,691,843
795,106
Other payable - related parties
789,560
627,993
87,726
Other payable - shareholders
613,820
-
-
Taxes payable
11,698,309
11,506,860
1,607,418
Operating lease liabilities - current
812,669
1,151,799
160,897
Total current liabilities
96,161,922
95,372,691
13,322,812
Non-current liabilities
Long-term borrowings
-
3,960,000
553,181
Operating lease liabilities, non-current
1,898,004
1,647,201
230,101
Other payables - shareholders -non-current
6,937,500
6,937,500
969,114
