Smart Logistics Global Limited (SLGB) Balance Sheet

NASDAQ: SLGBAssets, liabilities, debt and equity over 7 years.

SLGB balance sheet, 2025

December 31, 2025 · Chinese yuan

CN¥28.7M assets = CN¥9.2M liabilities + CN¥19.5M equity

Both columns are drawn to the same scale: what SLGB owns equals what it owes plus shareholders’ equity. Hover a block for its value.

SLGB financial health

Current ratio2.33

Comfortable · current assets cover current liabilities 2.33×

Debt / equity0.26

Low leverage · CN¥0.26 of debt for each $1 of equity

Equity / assets67.9%

Equity-funded · of assets funded by shareholders

Cash / debt9.0%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles28.1%

Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal 2025.

SLGB balance sheet trends, 2017–2025

Smart Logistics Global Limited balance sheet trends
Metric	Then	Latest	Change
Total assets	CN¥19,3652017	CN¥28.7M2025	+237.7%/yr
Total liabilities	CN¥6,9872017	CN¥9.2M2025	+231.2%/yr
Shareholders’ equity	CN¥12,3782017	CN¥19.5M2025	+241.1%/yr
Cash & short-term investments	CN¥15,9702017	CN¥450,2002025	+74.5%/yr
Total debt	CN¥1,1142017	CN¥5.0M2025	+306.3%/yr
Net cash (debt)	CN¥14,8562017	−CN¥4.6M2025	−CN¥4.6M
Working capital	−CN¥18,5522021	CN¥10.6M2025	+CN¥10.6M
Current ratio	0.232021	2.332025	+2.10
Debt / equity	0.092017	0.262025	+0.17
Shares outstanding	5.0M2017	43.0M2025	+43.1%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

SLGB assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

SLGB liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

SLGB debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

SLGB balance sheet in Chinese yuan

Smart Logistics Global Limited annual balance sheet
	2025	2024	2023	2022	2021	2018	2017
Assets
Cash & short-term investments	CN¥450,200	CN¥1.4M	CN¥1.9M	CN¥1.4M	CN¥929	CN¥20,782	CN¥15,970
Cash & equivalents	CN¥450,200	CN¥1.4M	CN¥1.9M	CN¥1.4M	CN¥929	CN¥20,782	CN¥15,970
Receivables	CN¥8.4M	CN¥11.6M	CN¥34.3M	CN¥31.2M	CN¥762	CN¥0	CN¥0
Inventory	CN¥15,496	CN¥45,886	CN¥26,097	CN¥15,027	CN¥3,693	CN¥0	CN¥0
Other current assets	CN¥9.6M	CN¥228,043	CN¥125,805	CN¥527,005	CN¥200	CN¥0	CN¥0
Total current assets	CN¥18.5M	CN¥13.3M	CN¥36.4M	CN¥33.1M	CN¥5,585	CN¥20,782	CN¥15,970
Property, plant & equipment (net)	CN¥5.5M	CN¥5.5M	CN¥6.0M	CN¥6.4M	CN¥44.0M	CN¥1,750	CN¥2,750
Goodwill & intangible assets	CN¥8.1M	CN¥8.3M	CN¥8.5M	CN¥8.7M	CN¥113	CN¥0	CN¥0
Long-term investments	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other non-current assets	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥3,979	CN¥645
Total assets	CN¥28.7M	CN¥26.0M	CN¥49.3M	CN¥44.0M	CN¥5,698	CN¥26,511	CN¥19,365
Liabilities
Accounts payable	CN¥221,522	CN¥1.3M	CN¥1.7M	CN¥218,197	−CN¥1	—	—
Short-term debt	CN¥5.0M	CN¥4.3M	CN¥3.3M	CN¥1.2M	CN¥6,143	—	—
Deferred revenue	CN¥36,531	CN¥32,444	CN¥16,195	CN¥69,567	CN¥100	—	—
Total current liabilities	CN¥8.0M	CN¥7.6M	CN¥24.3M	CN¥18.5M	CN¥24,137	—	—
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥4.9M	CN¥4.9M	CN¥0	CN¥0
Lease obligations	CN¥105,803	CN¥367,798	CN¥992,605	CN¥1.4M	CN¥469,137	—	—
Other long-term liabilities	CN¥1.3M	CN¥3.2M	CN¥3.5M	CN¥0	CN¥0	CN¥1,114	CN¥1,114
Total liabilities	CN¥9.2M	CN¥10.8M	CN¥27.8M	CN¥22.8M	CN¥24,148	CN¥3,213	CN¥6,987
Shareholders' equity
Common stock & paid-in capital	CN¥559	CN¥498	CN¥512	CN¥523	CN¥28	CN¥6,155	CN¥5,220
Retained earnings (deficit)	CN¥10.9M	CN¥13.0M	CN¥19.5M	CN¥18.7M	CN¥98.1M	−CN¥4,802	CN¥2,978
Accumulated other comprehensive income	CN¥1.8M	CN¥1.6M	CN¥1.4M	CN¥1.8M	−CN¥20	—	—
Total shareholders' equity	CN¥19.5M	CN¥15.2M	CN¥21.5M	CN¥21.2M	−CN¥18,451	CN¥23,298	CN¥12,378
Key figures
Total debt	CN¥5.0M	CN¥4.3M	CN¥3.4M	CN¥2.1M	CN¥6,143	CN¥1,114	CN¥1,114
Net cash (debt)	−CN¥4.6M	−CN¥2.9M	−CN¥1.5M	−CN¥701,290	−CN¥5,214	CN¥19,668	CN¥14,856
Working capital	CN¥10.6M	CN¥5.8M	CN¥12.1M	CN¥14.6M	−CN¥18,552	—	—
Tangible book value	CN¥11.4M	CN¥6.9M	CN¥13.1M	CN¥12.5M	−CN¥18,564	CN¥23,298	CN¥12,378
Shares outstanding	43.0M	41.0M	41.0M	41.0M	26.1M	5.8M	5.0M
Current ratio	2.33	1.76	1.50	1.79	0.23	—	—
Quick ratio	1.12	1.73	1.49	1.76	0.07	—	—
Debt / equity	0.26	0.28	0.16	0.10	—	0.05	0.09
Equity / assets	67.9%	58.6%	43.7%	48.2%	−323.8%	87.9%	63.9%

Smart Logistics Global Limited quarterly balance sheet
	Mar '26	Dec '25	Jun '25	Dec '24	Jun '24	Sep '21	Jun '21	Dec '20	Sep '20	Jun '20	Jun '18	Dec '17
Assets
Cash & short-term investments	CN¥450,200	CN¥3.1M	CN¥457,383	CN¥10.5M	CN¥14.3M	CN¥1.7M	CN¥1.0M	CN¥330,441	CN¥652,871	CN¥103,968	CN¥20,782	CN¥21,780
Cash & equivalents	CN¥450,200	CN¥3.1M	CN¥457,383	CN¥10.5M	CN¥14.3M	CN¥1.7M	CN¥1.0M	CN¥330,441	CN¥652,871	CN¥103,968	CN¥20,782	CN¥21,780
Receivables	CN¥8.4M	CN¥7.1M	CN¥9.7M	CN¥15.7M	CN¥17.1M	CN¥846,529	CN¥524,787	CN¥1.4M	CN¥353,505	CN¥63,527	CN¥0	CN¥0
Inventory	CN¥15,496	CN¥108,292	CN¥46,421	CN¥334,937	CN¥120,676	CN¥8.6M	CN¥5.2M	CN¥2.3M	CN¥1.9M	CN¥1.8M	CN¥0	CN¥0
Other current assets	CN¥9.6M	CN¥119.1M	CN¥3.5M	CN¥70.6M	CN¥105.0M	CN¥2.0M	CN¥1.2M	CN¥339,161	CN¥0	CN¥0	CN¥0	CN¥0
Total current assets	CN¥18.5M	CN¥129.4M	CN¥13.7M	CN¥97.3M	CN¥136.5M	CN¥13.2M	CN¥7.9M	CN¥4.4M	CN¥2.9M	CN¥2.0M	CN¥20,782	CN¥21,780
Property, plant & equipment (net)	CN¥5.5M	CN¥51.8M	CN¥7.3M	CN¥53.3M	CN¥54.6M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥1,750	CN¥2,000
Goodwill & intangible assets	CN¥0	CN¥8.1M	CN¥8.2M	CN¥8.3M	CN¥8.4M	CN¥3.5M	CN¥3.6M	CN¥114,284	CN¥0	CN¥0	CN¥0	CN¥0
Long-term investments	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Other non-current assets	CN¥4.7M	CN¥8.0M	CN¥0	CN¥16.4M	CN¥14.3M	CN¥0	CN¥0	CN¥0	CN¥271,055	CN¥118,758	CN¥3,979	CN¥4,379
Total assets	CN¥28.7M	CN¥197.3M	CN¥25.1M	CN¥175.2M	CN¥213.8M	CN¥16.7M	CN¥11.5M	CN¥4.5M	CN¥3.2M	CN¥2.1M	CN¥26,511	CN¥28,159
Liabilities
Accounts payable	CN¥221,522	CN¥1.5M	CN¥215,069	CN¥9.6M	CN¥1.9M	—	—	CN¥2.3M	CN¥1.3M	CN¥865,154	—	—
Short-term debt	CN¥5.0M	—	CN¥4.3M	—	—	CN¥2.6M	CN¥500,000	CN¥6.1M	CN¥4.0M	CN¥1.8M	—	—
Deferred revenue	CN¥36,531	—	CN¥77,836	—	—	CN¥71,242	CN¥1.2M	CN¥113,292	CN¥809,514	CN¥644,639	—	—
Total current liabilities	CN¥8.0M	CN¥55.6M	CN¥7.1M	CN¥55.2M	CN¥100.6M	CN¥24.9M	CN¥22.8M	CN¥11.2M	CN¥9.2M	CN¥4.4M	—	—
Long-term debt	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Lease obligations	—	CN¥105,803	CN¥90,412	CN¥367,798	CN¥680,442	—	—	—	—	—	—	—
Other long-term liabilities	CN¥1.3M	CN¥5.5M	CN¥1.7M	CN¥9.0M	CN¥9.1M	CN¥2.7M	CN¥20,414	CN¥0	CN¥422,455	CN¥408,215	CN¥1,114	CN¥1,114
Total liabilities	CN¥9.2M	CN¥61.1M	CN¥8.8M	CN¥64.2M	CN¥109.7M	CN¥24.9M	CN¥22.8M	CN¥11.2M	CN¥9.6M	CN¥8.4M	CN¥3,213	CN¥1,114
Shareholders' equity
Common stock & paid-in capital	CN¥559	—	CN¥507	—	—	CN¥41,870	CN¥29,980	CN¥27,347	CN¥26,610	CN¥26,210	CN¥6,155	CN¥6,155
Retained earnings (deficit)	CN¥10.9M	CN¥76.2M	CN¥13.9M	CN¥94.8M	CN¥86.2M	−CN¥71.1M	—	—	—	−CN¥11.6M	−CN¥4,802	−CN¥1,055
Accumulated other comprehensive income	CN¥1.8M	—	CN¥1.7M	—	—	−CN¥12,346	−CN¥33,198	−CN¥7,157	−CN¥7,973	−CN¥6,429	—	—
Total shareholders' equity	CN¥19.5M	CN¥136.2M	CN¥16.3M	CN¥111.1M	CN¥104.1M	−CN¥8.2M	−CN¥11.3M	−CN¥6.7M	−CN¥6.4M	−CN¥6.3M	CN¥23,298	CN¥27,045
Key figures
Total debt	CN¥5.0M	—	CN¥4.3M	—	—	CN¥2.6M	CN¥500,000	CN¥6.1M	CN¥4.0M	CN¥2.2M	CN¥1,114	CN¥1,114
Net cash (debt)	−CN¥4.6M	—	−CN¥3.9M	—	—	−CN¥880,117	CN¥513,309	−CN¥5.7M	−CN¥3.4M	−CN¥2.1M	CN¥19,668	CN¥20,666
Working capital	CN¥10.6M	CN¥73.9M	CN¥6.6M	CN¥42.1M	CN¥35.9M	−CN¥11.7M	−CN¥14.9M	−CN¥6.8M	−CN¥6.3M	−CN¥2.4M	—	—
Tangible book value	CN¥19.5M	CN¥128.1M	CN¥8.1M	CN¥102.8M	CN¥95.8M	−CN¥11.7M	−CN¥14.9M	−CN¥6.8M	−CN¥6.4M	−CN¥6.3M	CN¥23,298	CN¥27,045
Shares outstanding	43.0M	43.0M	40.0M	41.0M	41.0M	26.1M	26.1M	26.1M	26.1M	26.1M	5.8M	5.7M
Current ratio	2.33	2.33	1.93	1.76	1.36	0.53	0.35	0.40	0.32	0.45	—	—
Quick ratio	1.12	0.18	1.43	0.48	0.31	0.10	0.07	0.16	0.11	0.04	—	—
Debt / equity	0.26	—	0.27	—	—	—	—	—	—	—	0.05	0.04
Equity / assets	67.9%	69.0%	64.8%	63.4%	48.7%	−48.9%	−98.3%	−146.6%	−200.7%	−304.3%	87.9%	96.0%

Quarterly columns are labeled by the month the quarter ended. Figures in Chinese yuan as reported (latest annual report filed April 30, 2026); data from EODHD.

SLGB financial position

At the end of fiscal 2025 (December 31, 2025), Smart Logistics Global had total assets of CN¥28.7 million (up 10.6% from a year earlier), total liabilities of CN¥9.2 million and shareholders' equity of CN¥19.5 million. It held CN¥0.5 million in cash and short-term investments against CN¥5.0 million of debt, net debt of CN¥4.6 million. Its current ratio was 2.33. In the latest quarter (ended March 31, 2026) total assets were CN¥28.7 million and equity CN¥19.5 million.

Related: SLGB income statement, SLGB cash flow statement, SLGB key metrics. See the SLGB stock overview for the latest quote and news.

SLGB balance sheet FAQ

What are Smart Logistics Global's total assets?

Smart Logistics Global reported total assets of CN¥28.7 million at the end of fiscal 2025 (December 31, 2025), compared with CN¥26.0 million a year earlier.

How much debt does Smart Logistics Global have?

Smart Logistics Global had CN¥5.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.26.

How much cash does Smart Logistics Global have?

Smart Logistics Global held CN¥0.5 million in cash and short-term investments at the end of fiscal 2025; with CN¥5.0 million of debt that is net debt of CN¥4.6 million.

What is Smart Logistics Global's book value?

Smart Logistics Global's shareholders' equity (book value) was CN¥19.5 million at the end of fiscal 2025.

What is Smart Logistics Global's current ratio?

Smart Logistics Global had current assets of CN¥18.5 million and current liabilities of CN¥8.0 million, a current ratio of 2.33 (it can cover its short-term obligations).

How much goodwill does Smart Logistics Global have?

Smart Logistics Global carried CN¥8.1 million of goodwill and intangible assets, 28.1% of total assets, at the end of fiscal 2025.