MingZhu Logistics Holdings Limited (NASDAQ: YGMZ) announced that its technology subsidiary, Mingzhu Technology Limited, has signed a sales contract with TickToc Apex Inc. for 10,000 advanced MZ‑01 model robot dogs, with a total value of US$6.99 million. The contract, signed on November 27, 2025, will be fulfilled in batches and the final shipment is scheduled for no later than September 30, 2026.
The $6.99 million deal represents about 17% of MingZhu’s 2024 revenue of US$40.43 million, a sizable portion for a company that reported a net loss of US$6.19 million that year. The contract therefore provides a meaningful new revenue stream and a hedge against the decline in its core trucking and logistics services, which saw revenue fall from US$89.00 million in 2023 to US$40.43 million in 2024.
MingZhu’s core business is divided into Trucking Services, Car Owner Services, and Liquor Distribution. Revenue from trucking and logistics has been eroding due to post‑COVID recovery challenges, rising costs, and higher interest rates, contributing to the company’s recent net losses. By entering the consumer robotics market, MingZhu seeks to diversify its portfolio and tap into a high‑growth sector that is projected to expand rapidly through AI advancements and increased demand for companion robots.
CEO Jinlong Yang emphasized that the deal “highlights our subsidiary’s ability to support high‑profile clients and reinforces our market position.” He added that the contract is a milestone for investors and signals the company’s commitment to creating and maximizing value for stakeholders, underscoring a strategic pivot toward technology‑driven growth.
The contract is a single‑buyer arrangement, creating a concentration risk, and the company’s forward‑looking statements carry inherent uncertainties. Nonetheless, the partnership with TickToc Apex, a distributor of innovative tech products in North America, positions MingZhu to leverage its existing distribution network in China while accessing the growing U.S. robotics demand.
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