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INDICATIVE · SAMPLE DATA
2246$1.8456

GOGOX Holdings Ltd

Courier, Postal, Air Freight & Land-based LogisticsVerified

GOGOX Holdings Ltd has a market capitalization of $121.5 million and a price-to-book ratio of 0.81, indicating that the company is trading at a discount to its book value. The company's liquidity position is characterized by a current ratio of 1.2 and cash and equivalents of $91.8 million, which provides a buffer against short-term obligations. However, the company's negative net income of $161.5 million and operating loss of $169.1 million suggest significant financial stress. The company's profitability metrics are underperforming relative to industry norms. The return on equity of -1.07 and return on assets of -0.38 indicate that the company is not generating returns for its shareholders or effectively utilizing its assets. The gross profit margin of 28.1% is a positive sign, but the operating margin is negative, reflecting high operating costs or inefficiencies. GOGOX's revenue is primarily derived from logistics and platform services, with a significant portion coming from domestic markets. The company's geographic exposure is concentrated, with no detailed breakdown of international revenue provided. The lack of diversification could pose a risk if domestic demand weakens. The company's growth trajectory is uncertain, with no specific revenue growth projections provided. The negative net income and operating loss suggest that the company is not currently expanding profitably. Historical revenue data indicates a need for improved cost management and operational efficiency to achieve sustainable growth. The risk assessment for GOGOX Holdings Ltd indicates low liquidity and dilution risks, with no immediate filing-based flags detected. The company's debt-to-equity ratio of 0.12 suggests a conservative capital structure, but the negative net income and operating loss could impact its ability to service debt in the future. Recent events and filings do not indicate any significant changes in the company's operations or financial position. The company continues to focus on its logistics and platform services, with no major strategic shifts reported. The absence of recent dilutive events or liquidity pressures is a positive sign for investors.

30-day price · 2246-0.17 (-8.6%)
Low$1.78High$2.10Close$1.80As of21 May, 00:00 UTC
Profile
CompanyGOGOX Holdings Ltd
Ticker2246.HK
SectorIndustrials
BusinessTransportation
Industry groupTransportation
IndustryCourier, Postal, Air Freight & Land-based Logistics
AI analysis

Business. GOGOX Holdings Ltd operates as a logistics and delivery solutions provider, connecting users with service providers through technology platforms under the Kuaigou Dache and GOGOX brands, and offers value-added services such as vehicle sales facilitation and fuel card services.

Classification. GOGOX is classified in the Industrials sector under the Transportation business sector, specifically in the Courier, Postal, Air Freight & Land-based Logistics industry, with a confidence level of 0.92.

GOGOX Holdings Ltd has a market capitalization of $121.5 million and a price-to-book ratio of 0.81, indicating that the company is trading at a discount to its book value. The company's liquidity position is characterized by a current ratio of 1.2 and cash and equivalents of $91.8 million, which provides a buffer against short-term obligations. However, the company's negative net income of $161.5 million and operating loss of $169.1 million suggest significant financial stress. The company's profitability metrics are underperforming relative to industry norms. The return on equity of -1.07 and return on assets of -0.38 indicate that the company is not generating returns for its shareholders or effectively utilizing its assets. The gross profit margin of 28.1% is a positive sign, but the operating margin is negative, reflecting high operating costs or inefficiencies. GOGOX's revenue is primarily derived from logistics and platform services, with a significant portion coming from domestic markets. The company's geographic exposure is concentrated, with no detailed breakdown of international revenue provided. The lack of diversification could pose a risk if domestic demand weakens. The company's growth trajectory is uncertain, with no specific revenue growth projections provided. The negative net income and operating loss suggest that the company is not currently expanding profitably. Historical revenue data indicates a need for improved cost management and operational efficiency to achieve sustainable growth. The risk assessment for GOGOX Holdings Ltd indicates low liquidity and dilution risks, with no immediate filing-based flags detected. The company's debt-to-equity ratio of 0.12 suggests a conservative capital structure, but the negative net income and operating loss could impact its ability to service debt in the future. Recent events and filings do not indicate any significant changes in the company's operations or financial position. The company continues to focus on its logistics and platform services, with no major strategic shifts reported. The absence of recent dilutive events or liquidity pressures is a positive sign for investors.
Key takeaways
  • GOGOX is trading at a discount to book value with a price-to-book ratio of 0.81.
  • The company is experiencing significant financial stress with a net loss of $161.5 million and operating loss of $169.1 million.
  • The return on equity and return on assets are negative, indicating poor profitability.
  • The company's revenue is concentrated in domestic markets, posing a diversification risk.
  • The company has a conservative debt-to-equity ratio of 0.12 but faces challenges in generating positive returns.
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Financial snapshot
PeriodHA-latest
CurrencyCNY
Revenue$670.6M
Gross profit$188.6M
Operating income-$169.1M
Net income-$161.5M
R&D
SG&A
D&A
SBC
Operating cash flow
CapEx
Free cash flow
Total assets$428.6M
Total liabilities$277.7M
Total equity$150.9M
Cash & equivalents$91.8M
Long-term debt$18.4M
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
FY0$670.6M-$169.1M-$161.5M
FY-1$660.1M-$204.6M-$193.0M-$168.2M
FY-2$752.8M-$1.10B-$1.10B-$1.07B
FY-3$773.2M-$912.3M-$1.21B-$1.18B
FY-4$660.9M$105.1M-$453.7M-$426.6M
PeriodGross %Op %Net %FCF %
FY0
FY-1
FY-2
FY-3
FY-4
PeriodAssetsEquityCashDebt
FY0$428.6M$150.9M$91.8M
FY-1$621.1M$299.4M$197.9M
FY-2$867.0M$481.4M$206.3M
FY-3$1.92B$1.48B$330.7M
FY-4$1.62B-$2.08B$313.0M
PeriodOCFCapExFCFSBC
FY0
FY-1-$128.0M-$2.6M-$168.2M
FY-2-$170.2M-$3.3M-$1.07B
FY-3-$297.7M-$6.7M-$1.18B
FY-4-$358.6M-$2.4M-$426.6M
Quarterly history (last 4)
PeriodRevenueOp IncomeNet IncomeFCF
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
PeriodGross %Op %Net %FCF %
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
PeriodAssetsEquityCashDebt
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
PeriodOCFCapExFCFSBC
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
Valuation
Market price$1.84
Market cap$121.5M
Enterprise value$48.1M
P/E
Reported non-GAAP P/E
EV/Revenue0.1
EV/Op income
EV/OCF
P/B0.8
P/Tangible book0.8
Tangible book$150.9M
Net cash$73.3M
Current ratio1.2
Debt/Equity0.1
ROA-37.7%
ROE-1.1%
Cash conversion
CapEx/Revenue
SBC/Revenue
Asset intensity
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskLow
  • No immediate filing-based liquidity or dilution flags were detected.
Industry benchmarks
Activity: Transportation · cohort 3 companies
Metric2246Activity
Op margin-25.2%2.0% medp25 1.1% · p75 3.8%bottom quartile
Net margin-24.1%0.5% medp25 -0.3% · p75 2.1%bottom quartile
Gross margin28.1%24.2% medp25 13.8% · p75 46.1%above median
CapEx / revenue2.5% medp25 1.7% · p75 3.3%
Debt / equity12.0%101.8% medp25 72.1% · p75 123.1%bottom quartile
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
Company fundamentalsperiod FQ-7 · history via verified-market-data
no public URL
2026-05-02 02:23 UTC#8362e0c2
Market quoteclose CNY 1.84 · shares 0.07B diluted
no public URL
2026-05-02 02:23 UTC#f0659806
Source: analysis-pipeline (hybrid)Generated: 2026-05-02 02:25 UTCJob: 7111f872