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JIUZI HOLDINGS INC (NASDAQ: JZXN), founded on October 10, 2019, and headquartered in Hangzhou, China, operates retail franchises and sells new energy vehicles (NEVs) under the brand name “Jiuzi.” The company’s two operating segments—NEVs Sales and Franchise Services—focus on expanding its network of retail outlets and providing related after-sales support.
Corporate Structure and Experience
As a foreign private issuer (CIK: 0001816172), Jiuzi Holdings maintains a lean organizational model centered on its core management team and a network of franchise partners. Tao Li has served as both Chief Executive Officer and Chairman of the Board since August 28, 2025. The board includes Xinping Li, who was appointed on September 1, 2025, bringing experience in academia and governance. Detailed employee counts are not disclosed, but the company’s reliance on franchise operators suggests a variable staffing model aligned with retail expansion.
NEV Sales by Michael Prewett
Recent Developments and News
On August 28, 2025, Jiuzi Holdings filed a Form 6-K reporting the resignation of Shuibo Zhang as director and chairman. Tao Li was elected chairman, and Wenqian Gao joined the board. On September 2, 2025, the company submitted another Form 6-K announcing the resignation of Jehn Min Lim and the appointment of Xinping Li to multiple committee roles. An amended Form 20-F (20-F/A) was filed on September 3, 2025, likely reflecting updates to prior annual disclosures. As of September 23, 2025, the stock closed at $1.4999, up 33.92% on a volume of 3,312,468 shares.
Financial and Strategic Analysis
As of September 23, 2025, JZXN’s market capitalization was approximately $61.66 million, with 55.06 million shares outstanding. Key metrics (TTM) include:
| Metric | Value |
|---|---|
| Revenue | $978,600 |
| EBITDA | $40.43 million |
| Gross Margin | 1.44 % |
| Net Margin | –4,145.15 % |
| EPS | –$5.33 |
| P/E Ratio | –0.21 |
| Return on Equity (ROE) | 140.91 % |
Despite a positive EBITDA, the company remains unprofitable at the net level, indicating that operating costs exceed revenue. Negative earnings and a low gross margin highlight challenges in scaling NEV retail operations. Jiuzi’s strategy focuses on franchise growth and after-sales services to improve financial performance, though detailed guidance on expansion plans remains pending.
Market Position and Industry Context
Jiuzi competes in the Retail Trade sector under the Specialty Stores group, targeting the growing Chinese NEV market. The stock has a 52-week trading range of $0.78 to $7.82 and is currently trading near its lower bound and below its 200-day simple moving average, indicating subdued price momentum. A beta of 1.72 suggests higher volatility relative to the broader market. Analysts' ratings include buy, hold, and sell, while the one-year price forecast remains undisclosed. Jiuzi’s microcap status (market cap under $300 million) places it among smaller players, where liquidity and funding are ongoing considerations.
tl;dr
On September 23, 2025, Jiuzi Holdings’ shares increased 33.92% to $1.4999 on significant volume. Between August 28 and September 3, 2025, the company reported multiple board changes and filed an amended annual report (20-F/A). With positive EBITDA but significant net losses, Jiuzi focuses on franchise expansion in China’s NEV market. Analysts maintain mixed ratings, and the near-term outlook depends on revenue growth and cost management.
