Jayud Global Logistics Achieves Profitability With Revenue Growth In First Half Of 2025

2025-10-15 08:31:10

(MENAFN- GlobeNewsWire - Nasdaq) Laying the foundation for a major revenue surge anticipated in FY2026

SHENZHEN, China, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Jayud Global Logistics Limited (NASDAQ: JYD) ("Jayud" or the "Company"), a leading end-to-end supply chain solution provider based in Shenzhen, specializing in cross-border logistics, today announced its unaudited financial results for the six months ended June 30, 2025.

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: .

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 Limited
Investor Relations Department
Email: ...

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: ...

***Tables Follow***

JAYUD GLOBAL LOGISTICS LIMITED INTERIM 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
Total non-current liabilities		8,835,504			12,544,701		1,752,396
Total liabilities		104,997,426			107,917,392		15,075,208
Commitments and contingencies
Shareholders' deficit
Class A Ordinary shares (par value of US$ 0.0001 per share; 480,000,000 Class A ordinary shares authorized and 88,408,017 Class A ordinary shares issued and outstanding as of December 31, 2024 and 88,426,696 Class A ordinary shares issued and outstanding as of June 30, 2025.)		62,468			62,482		8,728
Class B Ordinary shares (par value of US$ 0.0001 per share; 20,000,000 Class B ordinary shares authorized and 5,409,600 class B shares issued and outstanding as of December 31, 2024 and June 30, 2025.)		3,368			3,368		470
Additional paid in capital		217,527,319			217,527,305		30,386,850
Statutory reserves		434,047			446,895		62,428
Accumulated deficit		(126,955,513	)		(125,179,254	)	(17,486,555	)
Accumulated other comprehensive loss		(812,156	)		(1,172,408	)	(163,776	)
Total Jayud Global Logistics Limited shareholders' deficit		90,259,533			91,688,388		12,808,145
Non-controlling interests		(10,891,088	)		(10,201,955	)	(1,425,133	)
Total shareholders' deficit		79,368,445			81,486,433		11,383,012

TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT		184,365,871			189,403,825		26,458,220

JAYUD GLOBAL LOGISTICS LIMITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

	For the Six Months Ended June 30,
	2024		2025
	(Unaudited)		(Unaudited)
	RMB		RMB	US$
Revenues - freight forwarding		162,734,262			155,875,351		21,774,558
Revenues - freight forwarding - related parties		609,612			1,978,424		276,370
Revenues - supply chain management and others		106,622,319			122,507,419		17,113,321
Revenues - supply chain management and others - related parties		641,316			267,111		37,313
Total Revenues		270,607,509			280,628,305		39,201,562

Cost of revenues -freight forwarding		(139,288,357	)		(112,165,665	)	(15,668,659	)
Cost of revenues -freight forwarding - related parties		(33,130,090	)		(28,350,905	)	(3,960,398	)
Cost of revenues - supply chain management and others		(100,901,129	)		(120,465,033	)	(16,828,016	)
Total Cost of revenues		(273,319,576	)		(260,981,603	)	(36,457,073	)

Gross (loss) / profit		(2,712,067	)		19,646,702		2,744,489

Operating expenses
Selling expenses		(3,850,752	)		(4,443,044	)	(620,658	)
Reversal of credit losses		1,840,875			3,282,461		458,534
Impairment charges on long-lived assets		(963,867	)		-		-
Lease termination (loss) / gain		(310,673	)		107,025		14,951
General and administrative expenses		(11,844,976	)		(15,518,954	)	(2,167,876	)
Research and development expenses		(502,278	)		(625,657	)	(87,399	)
Total operating expenses		(15,631,671	)		(17,198,169	)	(2,402,448	)
Operating (loss) / profit		(18,343,738	)		2,448,533		342,041

Other expenses
Other income, net		74,482			414,160		57,855
Foreign exchange loss, net		(464,790	)		(1,422,781	)	(198,751	)
Financial (expenses) / income, net		(1,252,481	)		101,178		14,134
Total other expenses, net		(1,642,789	)		(907,443	)	(126,762	)

(Loss) / income before income tax expense		(19,986,527	)		1,541,090		215,279
Income tax benefit		672,393			586,878		81,982
Share of income of equity method investees, net of tax of nil		-			180,815		25,258
Net (loss) / income		(19,314,134	)		2,308,783		322,519
Less: Net (loss) / income attributable to non-controlling interests		(1,379,207	)		519,676		72,595
Net (loss) / income attributable to the Jayud Global Logistics Limited's ordinary shareholders		(17,934,927	)		1,789,107		249,924

Net (loss) / income		(19,314,134	)		2,308,783		322,519
Foreign currency translation adjustment, net of tax		(1,329,500	)		(360,252	)	(50,324	)
Total comprehensive (loss) / income		(20,643,634	)		1,948,531		272,195
Less: total comprehensive (loss) / income attributable to non-controlling interest		(1,379,207	)		519,676		72,595
Total comprehensive (loss) / income attributable to Jayud Global Logistics Limited's ordinary shareholders		(19,264,427	)		1,428,855		199,600

Net (loss) / income per share
Basic and diluted		(0.84	)		0.02		0.005
Weighted average shares
Basic and diluted		21,352,223			93,826,802		93,826,802

JAYUD GLOBAL LOGISTICS LIMITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	For the Six Months Ended June 30,
	2024		2025
	(Unaudited)		(Unaudited)
	RMB		RMB	US$
Cash flows from operating activities:
Net (loss) / income		(19,314,134	)		2,308,783		322,519
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for (reversal of) credit losses		(1,840,875	)		(3,282,461	)	(458,534	)
Lease termination loss		310,673			(107,025	)	(14,951	)
Depreciation and amortization		242,022			540,851		75,553
Amortization of operating lease right-of-use asset		2,565,585			352,998		49,311
Impairment losses of property and equipment		963,867			-		-
Investment losses/gain		33,813			(224,015	)	(31,293	)
Gain from disposal of subsidiaries		-			(7,036	)	(983	)
Deferred tax benefit		(920,680	)		(632,118	)	(88,302	)
Changes in operating assets and liabilities
Accounts receivable, net		(3,464,994	)		(28,113,666	)	(3,927,258	)
Accounts receivable - related parties		(260,010	)		(201,684	)	(28,174	)
Contract assets		(798,100	)		2,041,085		285,123
Prepaid expenses and other current asset, net		3,753,560			5,239,314		731,891
Prepaid expenses - a related party		(260,513	)		6,696,004		935,379
Others receivable - related parties		-			8,854,442		1,236,896
Accounts payable		894,174			(4,161,662	)	(581,351	)
Accounts payable - related parties		11,574,779			11,488,133		1,604,802
Contract liabilities		(2,165,606	)		5,958,478		832,352
Accrued expenses and other current liabilities		(2,081,469	)		(6,392,603	)	(892,996	)
Other payable - shareholders		(19,016	)		(613,820	)	(85,746	)
Other payable - related parties		(2,704	)		(136,074	)	(19,008	)
Tax payable		404,530			(191,449	)	(26,744	)
Operating lease liabilities		(4,255,704	)		(508,737	)	(71,067	)
Net cash used in operating activities		(14,640,802	)		(1,092,262	)	(152,581	)

Cash flows from investing activities:
Cash acquired from acquisition of subsidiaries*		144,431			-		-
Purchase of property, equipment and intangible assets		(611,010	)		(1,599,960	)	(223,502	)
Net cash used in investing activities		(466,579	)		(1,599,960	)	(223,502	)

Cash flows from financing activities:
Proceeds from short-term borrowings		17,743,710			20,753,845		2,899,149
Proceeds from a long-term borrowing		-			4,000,000		558,768
Repayments of short-term borrowings		(21,910,317	)		(16,983,674	)	(2,372,485	)
Repayment of a long-term borrowing		(300,000	)		-		-
Proceeds from loans provided by shareholders		15,508,245			-		-
Proceeds from loans provided by related parties		3,000,000			40,000		5,588
Loans repayment to shareholders		-			(8,655,800	)	(1,209,147	)
Loans repayment to related parties		(4,000,000	)		(2,233,700	)	(312,030	)
Loans to related parties		-			(935,906	)	(130,739	)
Payments for deferred offering costs		(513,201	)		(110,958	)	(15,500	)
Capital injection by a non-controlling interest		20,000			151,000		21,094
Net cash provided by financing activities		9,548,437			(3,975,193	)	(555,302	)

Effect of exchange rate changes		30,607			(288,610	)	(40,317	)

Net decrease in cash and cash equivalents and restricted cash		(5,528,337	)		(6,956,025	)	(971,702	)

Total cash and cash equivalents and restricted cash at beginning of the year		26,605,028			37,099,911		5,182,565
Total cash and cash equivalents at end of the year		21,076,691			30,143,886		4,210,863

Supplemental disclosure of cash flow information:
Income tax paid		172,377			90,670		12,666
Interest expense paid		645,490			374,713		52,344

Supplemental non-cash investing and financing information:
Obtaining right-of-use assets in exchange for operating lease liabilities		7,203,051			704,089		98,356

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