Jiuzi Holdings, Inc.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsJiuzi Holdings, Inc. is a Cayman-incorporated, Nasdaq-listed company operating in China's new energy vehicle retail sector through PRC subsidiaries.
What they do
Jiuzi Holdings conducts its business through PRC subsidiaries, including Zhejiang Jiuzi New Energy Vehicles Co., Ltd. and Shenzhen Jiuzi New Energy Holdings Group Co., Ltd. The company operates in the auto dealers and gasoline stations industry (SIC 5521). Its ordinary shares trade on the Nasdaq Capital Market under the symbol JZXN.
Revenue drivers
- New energy vehicle sales — Revenue is generated from the sale of new energy vehicles through PRC operating subsidiaries. Annual revenue was $2.9 million in fiscal 2025, up from $1.4 million in fiscal 2024.
Recent performance
For fiscal year 2025, revenue was $2.9 million, an increase from $1.4 million in fiscal 2024. Net loss was $10.2 million, an improvement from a net loss of $59.1 million in fiscal 2024. Operating cash flow was negative $1.0 million, compared to negative $50.6 million in the prior year. Diluted EPS was negative $29.38, versus negative $264.18 in fiscal 2024. As of October 31, 2025, the company had $4.6 million in cash and $14.1 million in shareholder equity.
Strategy
The company continues to operate its PRC new energy vehicle business through subsidiaries. It has implemented equity incentive plans in 2021, 2022, 2023, and 2024 to align management and employee interests. The VIE structure was dissolved on January 20, 2023, simplifying the corporate structure. No specific strategic initiatives or investments are described in the excerpts beyond these actions.
Risks
- History of losses — The company reported net losses in each of the last four fiscal years, including a $59.1 million loss in fiscal 2024 and a $10.2 million loss in fiscal 2025.
- Negative operating cash flow — Operating cash flow has been negative for at least five consecutive years, including negative $1.0 million in fiscal 2025.
- Foreign private issuer and China operations — As a Cayman Islands company with all operations in China, the company is subject to PRC laws and regulations, and its financial statements are presented in U.S. dollars with RMB functional currency exposure.
- Dilution risk — The company has adopted multiple equity incentive plans and has a history of net losses, which could lead to further share issuances and dilution for existing shareholders.
Outlook
The excerpts do not provide management guidance or forward-looking statements beyond historical results. The company's ability to achieve profitability and positive cash flow remains uncertain given its recent financial performance.