Introduction
JIUZI HOLDINGS INC (Nasdaq: JZXN) is a Hangzhou-based franchisor and operator of retail outlets selling new energy vehicles (NEVs) under the Jiuzi brand. Founded in 2017, the company focuses on third- and fourth-tier cities in China. As of September 29, 2025, JZXN shares closed at $0.4351, down 59.34% on significantly increased trading volume.
Corporate Structure
Headquartered in Hangzhou, Jiuzi Holdings operates through two segments: NEV sales and franchise services. Its network comprises 51 franchise stores and one company-owned outlet. The firm employs between 11 and 50 staff members. On September 23, 2025, Douglas Edward Buerger was appointed Chief Operating Officer under a one-year agreement with an annual salary of $50,000.

Electric Vehicles by CHUTTERSNAP
Recent Developments and News
- Reverse Share Split (July 3, 2024): A 1-for-13 reverse split reduced the issued share count from approximately 135.3 million to 10.4 million, in compliance with Nasdaq listing requirements.
- COO Appointment (September 23, 2025): Douglas Edward Buerger, who has over 30 years of operations experience, assumed the role to enhance management capabilities.
- SEC Filings (September 24β29, 2025):
- Form 20-F/A (9/24/25) amended the annual report.
- Form 6-K (9/25/25) announced the COO appointment.
- Form 6-K (9/29/25) included a foreign issuer report that did not disclose detailed financial metrics.
Financial and Strategic Analysis
Jiuzi Holdings's latest intraday market capitalization was approximately $61.1 million, with an enterprise value of $61.14 million. Key metrics (TTM):
Metric | Value |
---|---|
Revenue | $97,470 |
Net Income | β$40.57 M |
Diluted EPS | β5.94 |
Total Cash (mrq) | $344,240 |
Total Debt/Equity (mrq) | 0.14% |
Levered Free Cash Flow | $16.9 M |
Price/Sales (ttm) | 119.15Γ |
Price/Book (mrq) | 8.09Γ |
EV/Revenue | 627.27Γ |
Return on Assets (ttm) | β76.41% |
Return on Equity (ttm) | β140.61% |
The company has minimal operating revenue relative to its valuation multiples and reported a substantial net loss in the trailing twelve months. It reported a low cash balance and minimal leverage, which constrains expansion opportunities. However, positive free cash flow indicators suggest operational efficiency in some areas.
Market Position and Industry Context
Jiuzi competes in China's NEV retail sector, targeting lower-tier cities that are typically underserved by larger dealership chains. Its beta of 1.63 reflects above-market volatility, and trading near its 52-week low (around $0.43) mirrors sector-wide challenges facing microcap electric-vehicle firms. Issues include limited brand recognition outside its primary markets and thin revenue streams relative to the fixed costs associated with franchise support.
TL;DR
Shares of JZXN declined 59.34% to $0.4351 on September 29, 2025, as trading volume surged. The company executed a 1-for-13 reverse split on July 3, 2024, and appointed a new COO on September 23, 2025. Future performance will depend on maintaining free cash flow, expanding NEV sales through its franchise network, and sustaining compliance with Nasdaq listing requirements.