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EZGO Technologies Ltd., together with its subsidiaries, designs, manufactures, rents, and sells e-bicycles and e-tricycles in the People's Republic of China. It operates in three segments: Sales of Battery Cells and Packs; Sales of Electronic Control System; and Others. The company rents and sells lithium batteries under the Hengmao brand; sells, franchises, and operates smart charging piles for e-bicycles and other electronic devices; and distributes and trades battery cells and packs. It designs and sells intelligent robots; electric vehicle accessories, such as batteries, charging piles and electronic control system; and electronic control systems under the Hengdian brand name; and provide after-sales services for e-bicycles, including technical support, parts supply, and sales of peripheral products and derivatives, such as raincoats, helmets, and mobile phone brackets. In addition, the company engages in the development, operation, and maintenance of software related to e-bicycle and battery rental services; manufacturing of industrial automatic control devices and systems; and equipment maintenance and repairment activities. Further, it offers its e-bicycles and e-tricycles under the Cenbird and EZGO brands. The company was formerly known as EZGO IOT Tech & Services Co., Ltd. The company was founded in 2014 and is headquartered in Changzhou, China.
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EZGO Technologies Ltd is a Nasdaq-listed company for which public filings and investor materials provide limited verifiable detail about its core operations. Major long-term growth drivers are not disclosed, so investors should review SEC filings and audited reports to assess whether the business can deliver sustained revenue and margin expansion.
Key risks include trading illiquidity and volatility, uncertain financial performance and profitability, corporate governance and disclosure quality, and potential regulatory or cross-border compliance exposure.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
| Income before tax | -8.44M | -6.65M | -7.32M | -6.86M | -3.80M |
| Minority interest | 0.59M | 0.80M | 0.48M | 1.01M | 0.43M |
| Net income | -8.69M | -7.28M | -6.78M | -7.39M | -3.38M |
| Selling general administrative | 2.33M | 4.27M | 4.66M | 5.67M | 2.70M |
| Selling and marketing expenses | - | 0.56M | 0.62M | 1.01M | 1.56M |
| Gross profit | 1.33M | 1.70M | 1.14M | 0.22M | 0.38M |
| Reconciled depreciation | 0.67M | 0.95M | 1.18M | 1.00M | 0.47M |
| Ebit | -8.31M | -6.57M | -7.32M | -6.46M | -3.88M |
| Ebitda | -7.64M | -5.90M | -6.14M | -5.82M | -3.41M |
| Depreciation and amortization | 0.67M | 0.67M | 1.18M | 0.65M | 0.47M |
| Operating income | -1.95M | -2.33M | -4.79M | -6.46M | -3.88M |
| Other operating expenses | 22.44M | 20.56M | 20.71M | 23.85M | 27.30M |
| Interest expense | 0.13M | 0.08M | 0.07M | 0.04M | 60.76M |
| Tax provision | 1.02M | -0.79M | -0.06M | 0.53M | -0.42M |
| Interest income | 0.11M | 0.46M | 0.18M | - | - |
| Net interest income | -0.02M | 0.37M | 0.11M | -0.04M | -0.06M |
| Income tax expense | 1.02M | -0.79M | -0.06M | 0.53M | -0.42M |
| Total revenue | 20.49M | 18.22M | 15.92M | 17.39M | 23.42M |
| Total operating expenses | 3.29M | 4.03M | 5.93M | 6.68M | 4.26M |
| Cost of revenue | 19.15M | 16.53M | 14.78M | 17.17M | 23.04M |
| Total other income expense net | -6.48M | -4.31M | -2.53M | -0.40M | 0.08M |
| Discontinued operations | - | - | - | - | -0.04M |
| Net income from continuing ops | -9.46M | -8.09M | -7.26M | -7.39M | -3.38M |
| Net income applicable to common shares | - | - | - | - | -2.98M |
| Breakdown | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
| Total assets | 69.07M | 85.36M | 81.91M | 47.51M | 42.01M |
| Intangible assets | 1.62M | 3.73M | 4.22M | 6.68M | 4.51M |
| Other current assets | 0.16M | 6.97M | 0.08M | 0.06M | 0.07M |
| Total liab | 18.11M | 24.38M | 15.42M | 13.97M | 9.48M |
| Total stockholder equity | 48.40M | 58.57M | 63.39M | 30.64M | 28.52M |
| Other current liab | 6.24M | 3.13M | 7.30M | 9.39M | 8.42M |
| Common stock | 0.73M | 0.11M | 0.10M | 0.02M | 0.01M |
| Capital stock | 0.73M | 0.11M | 0.10M | 0.02M | 0.01M |
| Retained earnings | -30.52M | -22.09M | -14.77M | -7.89M | -1.42M |
| Good will | 0.00M | 1.78M | 3.06M | - | - |
| Other assets | - | - | - | - | 0.94M |
| Cash | 0.52M | 4.40M | 17.25M | 4.39M | 4.77M |
| Total current liabilities | 11.68M | 16.89M | 11.04M | 13.97M | 9.48M |
| Current deferred revenue | 0.16M | 0.37M | 1.04M | 0.90M | 0.09M |
| Net debt | 10.91M | 10.33M | -11.16M | -1.58M | -4.46M |
| Short term debt | 5.00M | 7.27M | 1.71M | 2.81M | 0.31M |
| Short long term debt | 5.00M | 7.25M | 1.67M | 2.81M | 0.31M |
| Short long term debt total | 11.43M | 14.73M | 6.10M | 2.81M | 0.31M |
| Other stockholder equity | 81.24M | 82.17M | 81.79M | 40.58M | 29.10M |
| Property plant equipment | - | - | - | - | 8.75M |
| Total current assets | 37.55M | 41.40M | 52.90M | 33.15M | 27.68M |
| Long term investments | 11.00M | 16.26M | 12.19M | 2.10M | 0.13M |
| Net tangible assets | - | - | - | - | 24.01M |
| Short term investments | 0.00M | 1.56M | 0.69M | 0.70M | 2.39M |
| Net receivables | 27.21M | 11.06M | 11.33M | 13.06M | 7.92M |
| Long term debt | 6.43M | 7.46M | 4.39M | - | - |
| Inventory | 9.66M | 17.41M | 0.83M | 0.38M | 0.92M |
| Accounts payable | 0.28M | 1.08M | 0.99M | 0.87M | 0.65M |
| Accumulated other comprehensive income | -3.05M | -1.62M | -3.73M | -2.08M | 0.83M |
| Non currrent assets other | 9.05M | 14.75M | 5.50M | 1.42M | 0.36M |
| Non current assets total | 31.51M | 43.96M | 29.01M | 14.35M | 14.33M |
| Capital lease obligations | - | 0.05M | 0.04M | - | - |
| Breakdown | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
| Investments | 1.57M | -11.24M | -13.97M | -4.48M | -0.13M |
| Change to liabilities | - | - | - | - | 0.27M |
| Total cashflows from investing activities | -0.50M | -11.24M | -13.97M | - | -11.04M |
| Net borrowings | -1.21M | 8.63M | 4.22M | - | 1.82M |
| Total cash from financing activities | -1.22M | 8.63M | 36.17M | 14.24M | 22.76M |
| Change to operating activities | - | - | - | - | 0.85M |
| Net income | -8.97M | -5.68M | -6.78M | -7.39M | -3.38M |
| Change in cash | -3.89M | -12.85M | 12.84M | -1.48M | 5.55M |
| Begin period cash flow | 4.40M | 17.25M | 4.41M | 5.89M | 0.34M |
| End period cash flow | 0.52M | 4.40M | 17.25M | 4.41M | 5.89M |
| Total cash from operating activities | -2.21M | -10.31M | -9.11M | -10.36M | -6.26M |
| Issuance of capital stock | 0.00M | 0.00M | 31.85M | 8.00M | 20.95M |
| Depreciation | 0.67M | 0.67M | 1.18M | 1.00M | 0.47M |
| Other cashflows from investing activities | -2.97M | -1.56M | 1.45M | - | -0.14M |
| Change to inventory | 2.02M | -5.43M | -9.88M | 0.33M | -0.12M |
| Change to account receivables | -4.19M | -5.41M | 1.90M | -2.49M | -0.18M |
| Other cashflows from financing activities | -0.01M | -0.89M | 0.10M | 6.55M | 2.13M |
| Change to netincome | - | - | - | - | -0.13M |
| Capital expenditures | 2.08M | 4.12M | 3.26M | 1.77M | 11.22M |
| Change in working capital | -2.19M | -8.25M | -7.33M | -6.59M | -3.62M |
| Stock based compensation | 0.15M | 0.38M | 1.26M | 0.44M | - |
| Other non cash items | 7.33M | 3.76M | 3.93M | 1.65M | 0.74M |
| Free cash flow | -4.28M | -14.43M | -12.37M | -12.13M | -17.48M |
Sector: Consumer Cyclical Industry: Recreational Vehicles
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| EZGO EZGO Technologies Ltd |
0.10 5.54% |
1.81 | - | - | 0.23 | 0.10 | 0.75 | 1.51 |
| BC Brunswick Corporation |
1.66 2.15% |
78.89 | - | 20.00 | 1.02 | 3.36 | 1.40 | 27.91 |
| DOO BRP Inc. |
1.67 2.58% |
66.39 | 17.68 | 11.26 | 0.52 | 9.94 | 0.96 | 8.08 |
| THO Thor Industries Inc |
-0.09 0.11% |
80.68 | 14.44 | 16.64 | 0.38 | 0.89 | 0.44 | 6.80 |
| PII Polaris Industries Inc |
2.59 4.11% |
65.66 | - | 14.31 | 0.44 | 4.01 | 0.69 | 49.33 |
EZGO Technologies Ltd., together with its subsidiaries, designs, manufactures, rents, and sells e-bicycles and e-tricycles in the People's Republic of China. It operates in three segments: Sales of Battery Cells and Packs; Sales of Electronic Control System; and Others. The company rents and sells lithium batteries under the Hengmao brand; sells, franchises, and operates smart charging piles for e-bicycles and other electronic devices; and distributes and trades battery cells and packs. It designs and sells intelligent robots; electric vehicle accessories, such as batteries, charging piles and electronic control system; and electronic control systems under the Hengdian brand name; and provide after-sales services for e-bicycles, including technical support, parts supply, and sales of peripheral products and derivatives, such as raincoats, helmets, and mobile phone brackets. In addition, the company engages in the development, operation, and maintenance of software related to e-bicycle and battery rental services; manufacturing of industrial automatic control devices and systems; and equipment maintenance and repairment activities. Further, it offers its e-bicycles and e-tricycles under the Cenbird and EZGO brands. The company was formerly known as EZGO IOT Tech & Services Co., Ltd. The company was founded in 2014 and is headquartered in Changzhou, China.
Changzhou Inst. of Dalian Univ of Tech, Changzhou, China, 213164
86 519 8368 3805
60
| Name | Title | Year Born |
|---|---|---|
| Mr. Jianhui Ye | Chairman & CEO | 1989 |
| Ms. Jingyan Wu | Chief Financial Officer | 1971 |
| Mr. Zebin Zhao | Chief Operating Officer | 1986 |
| Mr. Jianhui Ye | Chairman & CEO | 1988 |
| Mr. Yuehan Ling | Chief Financial Officer | NA |
| Mr. Shuang Wu | Chief Operating Officer | 1983 |
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