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 ...
EZGO Technologies Ltd. (NASDAQ: EZGO) operates in the consumer cyclical space, focused on electric mobility products and the supporting ecosystem. The company, formerly known as EZGO IOT Tech & Services Co., Ltd., was founded in 2014 and is headquartered in Changzhou, China, with a website at https://www.ezgotech.com.cn. Business model and ...EZGO Technologies Ltd. (NASDAQ: EZGO) operates in the consumer cyclical space, focused on electric mobility products and the supporting ecosystem. The company, formerly known as EZGO IOT Tech & Services Co., Ltd., was founded in 2014 and is headquartered in Changzhou, China, with a website at https://www.ezgotech.com.cn.
Business model and segments: EZGO’s business activities span multiple parts of the e-bike value chain. According to the company description, it designs, manufactures, rents, and sells e-bicycles and e-tricycles in the People’s Republic of China. It organizes its operations into segments including (1) sales of battery cells and battery packs, (2) sales of electronic control systems, and (3) other related activities. Beyond vehicle sales, the company rents and sells lithium batteries (under the Hengmao brand per the description) and provides smart charging pile operations and franchising/operations for e-bicycles and other electronic devices.
Products and services: EZGO supplies batteries, charging infrastructure, and control electronics—allowing it to package vehicles and core subsystems into a more integrated offering. The company’s e-bicycles and e-tricycles are marketed under brands including Cenbird and EZGO (as referenced in the description). It also designs and sells intelligent robots, electric vehicle accessories, and electronic control systems under the Hengdian brand name. In addition, the company offers after-sales services for e-bicycles, such as technical support and parts supply, plus peripheral product sales (e.g., helmets and accessories).
Software and operations: A differentiating element in the description is the development and operation of software related to e-bicycle and battery rental services. This implies an ongoing service layer supporting connectivity, operations, and customer/asset management tied to its rental and charging ecosystems.
Cost/BOM and operational considerations: While EZGO does not provide a public bill-of-materials (BOM) breakdown in the supplied data, its integrated approach—covering battery packs, control electronics, charging piles, and vehicles—suggests that major cost drivers likely include battery materials and manufacturing, electronic control components, charging hardware, logistics, and field/service operations for after-sales support.
Financial posture (high-level): The provided snapshot includes negative profitability metrics (e.g., negative margins and negative return measures) and negative free cash flow indicators on a trailing-twelve-month basis. These signals point to an investment or cost-pressure period where scale, pricing, working capital, and component/input costs can materially influence results.
Key people: The CEO is listed as Jianhui Ye.
Wishes/strategic direction (inferred from offerings): Given the company’s emphasis on batteries, charging infrastructure, rental-related software, and service/after-sales, a reasonable strategic intent is to deepen the recurring/service component of the business (battery rental and charging operations) while improving unit economics through integration across hardware and software.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$20.5M
+12.4%
-54.3%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-8.7M
-19.3%
+52.2%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+6.5%
-30.0%
+25.9%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-9.5%
+25.5%
-637.9%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-42.4%
-6.1%
-4.5%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-4.3M
+70.3%
-172.2%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-20.9%
+73.6%
-495.5%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
23.6%
-6.1%
-19.4%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
3.21x
+31.1%
-4.6%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.