New Century Logistics (NCEW)
Air-freight-forwarding coordinator connecting shippers with carrier capacity and logistics handling.
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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
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Mar 31, 2026Cash & short-term investments $703.3K · Total debt $3.5M · Total assets $12.1M · Shareholders' equity $5.0M
- Revenue
- $3.7M
- Operating income
- −$67.6K
- Net income
- −$41.2K
No dividends on record.
| Institutions | 0.01% | 300 shares | |
|---|---|---|---|
| 1 holder · as of Jun 30, 2026 | |||
| Insiders | 66.99% | 2.14M shares | |
| 4 holders · as of Sep 4, 2026 | |||
| Other | 33.00% | 1.06M shares | |
| remainder | |||
3.20M company shares as of Sep 12, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Ching Shun Ngan1Insiderdirector, 10 percent owner, officer: Chairman and CEO | 32.81% | 1.05M | filed Mar 31, 2026 |
Yuk Hung Sin1Insider10 percent owner | 13.48% | 431,250 | filed Mar 31, 2026 |
Bin ZhangInsider10 percent owner | 12.89% | 412,500 | filed Mar 31, 2026 |
Chen XueyiInsider | 7.81% | 250,000 | filed Sep 4, 2026 |
UBS Group AGInstitution | 0.01% | 300 | as of Jun 30, 2026 |
- Post-split shares filed after the 1-for-8 reverse split, Nov 14, 2025, as the holder's own statement confirms.
Insider tradesForm 4
Nothing filed in the last 12 months.
Not reported.