New Century Logistics
Air-freight-forwarding coordinator connecting shippers with carrier capacity and logistics handling.
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Profile
Sells air- and ocean-freight forwarding, primarily by buying cargo capacity and bundling coordination, documentation and logistics handling for shippers and other forwarders. Air freight supplies most revenue, while public shareholders own a BVI holding company above the Hong Kong operating subsidiaries.
Procures air-cargo capacity from airlines, their sales agents and other logistics providers, then resells it with shipment coordination to direct shippers and freight forwarders. Air freight is the core business, alongside ocean forwarding and ancillary warehousing, distribution, security screening, palletization and project-cargo services.
Coordinates pickup, tracking, documentation, customs-clearance arrangements and port handling, while connecting customers to airline, ocean-carrier and third-party logistics capacity instead of operating ships or aircraft. Routes extend to more than 140 countries, though operations and long-lived assets are concentrated in Hong Kong.
Relies on airlines, other suppliers and service providers for capacity and execution. Block-space and charter arrangements can require payment for unused capacity, and shareholders hold the BVI parent rather than direct equity in the Hong Kong operating subsidiaries.
Company facts
Key statistics
Year to date +188% · Average volume (30d) 4.9K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Fiscal year | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise |
|---|---|---|---|---|---|---|
| 2024 | — | $0.09 | — | — | $52.2M | — |
Financial highlights
| 9 quarters | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $13.4M | $10.7M | $10.7M | $2.9M | $14.3M | $3.7M | |
| Gross profit | $887.4K | $391.6K | $391.6K | −$80.6K | $382.6K | $98.2K | |
| Operating income | −$97.1K | −$915.4K | −$915.4K | −$1.2M | −$263.6K | −$67.6K | |
| Net income | −$153.3K | −$933.1K | −$933.1K | −$1.1M | −$160.6K | −$41.2K | |
| Diluted EPS | −$0.06 | −$0.04 | −$0.04 | −$0.35 | −$0.05 | −$0.01 | |
| Gross margin | 6.6% | 3.7% | 3.7% | -2.8% | 2.7% | 2.7% | |
| Operating margin | -0.7% | -8.6% | -8.6% | -39.8% | -1.8% | -1.8% |
Fiscal years (4-quarter sums)FY24 $52.2M
Revenue by product · FY25
Balance sheet, Mar 31, 2026Cash & short-term investments $703.3K · Total debt $3.5M · Total assets $12.1M · Shareholders' equity $5.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 3.20M · Float 643.8K · 20.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Ching Shun Ngan · director, 10 percent owner, officer: Chairman and CEO | 1.05M | 32.81% | Form 4 | Mar 31, 2026 |
| Sin Yuk Hung · 10 percent owner | 431.3K | 13.48% | Form 4 | Mar 31, 2026 |
| Zhang Bin · 10 percent owner | 412.5K | 12.89% | Form 4 | Mar 31, 2026 |
| UBS Group AG | 308 | 0.01% | 13F | May 5, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
Not reported.



