ELOG · Eastern International Ltd.

Eastern International Ltd., through its subsidiaries, provides logistic services in the People's Republic of China and Southeast Asia. The company offers project logistics, including construction project logistics, such as purchasing, packaging, storage, loading and unloading, transportation, securing, and installation of construction equipment and machinery, as well as other related logistics services; and specialized cargo logistics for large or precision equipment. It also provides general logistics services comprising transportation, warehousing, loading and unloading, and distribution of standard products; and cross border logistics, which include inland and rail transportation for bulk commodities, electronic products, tires, new energy equipment, and machineries. In addition, the company offers warehouse subleasing services; and construction services for new energy infrastructure projects. It serves multinational, domestic, and publicly listed companies, as well as renewable energy, household appliances, health and beauty products, and construction industries. The company was incorporated in 2023 and is based in Hangzhou, China.

Cap structure and valuation

Cap structure
SP	$0.43
SO	12.8M
Options	—
Warrants	—
FD SO	12.8M
MC	$5.5M

Cash	$3.1M
Total debt	$5.6M
EV	$8.0M

TTM Multiples
EV / Revenue	—
EV / EBITDA	—
MC / Net Income	—
EV / FCF	—
MC / FCF	—

Ownership & coverage
Institutional	0.8%
Insiders	45.8%
# Institutions	6
Analysts	0
Consensus	—
Avg target	—

Short % float	0.1%
Days to cover	1.16

MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-03-31. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-09-21 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-08-31; the float denominator can be unreliable on tiny floats.

This filer tags no option or warrant count, so FD SO counts it as zero and understates dilution — treat FD SO, MC and EV as a floor. (XBRL reports nothing both for a filer that has none and for one that simply doesn't tag them.)

Financial statements

	3/31/26	3/31/25	3/31/24
Total Revenue	0.25	0.34	0.28
Revenue YoY %	(24.4%)	18.8%	—
Cost of Revenue	41.39	34.04	35.42
Gross Profit	(41.14)	(33.71)	(35.14)
Gross Profit YoY %	(22.0%)	4.1%	—
Gross Margin %	(16208.0%)	(10043.6%)	(12437.0%)

SG&A	5.30	3.73	3.58
Operating Expense	(40.07)	(35.97)	(36.58)

Operating Income	(1.06)	2.27	1.43
Operating Income YoY %	(146.8%)	58.1%	—
Operating Margin %	(417.9%)	675.6%	507.6%
EBITDA	(1.03)	2.31	1.49
EBITDA Margin %	(406.0%)	687.6%	527.6%

Interest Expense	0.29	0.14	0.10
Pretax Income	(1.01)	2.37	1.54
Tax Provision	0.14	0.59	0.45
Net Income	(1.15)	1.78	1.08
Net Margin %	(454.0%)	530.4%	383.5%

Diluted EPS	-$0.10	$0.16	$0.10
Basic EPS	-$0.10	$0.17	$0.11
Diluted Avg Shares	11.4	11.4	11.0
Basic Avg Shares	11.4	10.4	10.0

	3/31/26	3/31/25	3/31/24
Cash & Equivalents	3.05	0.85	2.17
Receivables	1.99	—	—
Other Current Assets	22.05	18.83	—
Total Current Assets	27.10	19.68	—

Net PPE	1.26	0.46	—
Operating Lease ROU	1.46	1.80	—
Other Assets	2.46	2.84	—
Total Assets	32.28	24.78	—

Accounts Payable	4.58	4.88	—
Current Debt	5.04	3.77	—
Current Lease Liabilities	0.62	0.45	—
Other Current Liabilities	5.62	3.02	—
Total Current Liabilities	15.85	12.12	—
Long-term Debt	0.52	—	—
Long-term Lease Liabilities	0.71	1.20	—
Total Liabilities	17.09	13.32	—

Retained Earnings	1.99	3.22	—
Total Equity	15.19	11.47	9.75

	3/31/26	3/31/25	3/31/24
Net Income	(1.15)	1.78	1.08
D&A	0.03	0.04	0.06
Stock-Based Comp	0.82	—	—
Δ Working Cap & Other	(2.27)	(3.98)	(1.77)
Operating Cash Flow	(2.58)	(2.16)	(0.63)

CapEx	(0.88)	(0.40)	(0.01)
Investing Cash Flow	(0.88)	(0.34)	0.04

Dividends Paid	—	—	(0.16)
Other Financing	5.84	1.18	2.01
Financing Cash Flow	5.84	1.18	1.85

Effect of FX on Cash	0.07	(0.00)	(0.06)

Free Cash Flow	(3.46)	(2.56)	(0.64)

	3/31/26	3/31/25	3/31/24
Current Ratio	1.71	1.62	—
Quick Ratio	—	—	—
Debt / Equity	0.37	—	—
EBITDA Margin %	(406.0%)	687.6%	527.6%
Working Capital	11.25	7.56	—
Net Debt	2.51	—	—
ROE %	(7.6%)	15.5%	11.1%
ROA %	(3.6%)	7.2%	—

Insider activity (last 2 years)

Date Filed	Reporter	Relationship	Trans. Date	Code	Shares	Price	Total Value
2026-09-18	Wong Albert	Director, Officer (Chief Executive Officer), 10% Owner	2026-08-27	P	200,000	$1.00	$200,000
2026-04-01	LI CHING HEI	Director	2026-03-31	A	80,000	—	$0
2026-04-01	Chow Joseph Shiu Wing	Director	2026-03-31	A	5,000	—	$0
2026-04-01	Wong Albert	Director, Officer (Chief Executive Officer), 10% Owner	2026-03-31	A	180,000	—	$0
2026-04-01	Cheung Chung Leung	Officer (Chief Financial Officer)	2026-03-31	A	100,000	—	$0
2026-04-01	Kuo Yuyun Tristan	Director	2026-03-31	A	5,000	—	$0
2026-04-01	Chiu Chun Pong	Director	2026-03-31	A	5,000	—	$0