Smart Logistics Global Ltd reported a revenue decline of 7.3% for 2025 driven by weaker industrial demand in China, resulting in net losses largely due to an equity-settled consulting charge. Despite top-line pressures, the company improved its gross margin through pricing discipline and cost management. Operating under long-term contracts with major institutional clients in steel, paper, coal, and food sectors, SLGB operates a hybrid fleet combining third-party truckers with self-owned assets. Strategic investments focus on infrastructure development, including a smart logistics park, aiming to support future growth opportunities amidst concentrated customer and supplier relationships.