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CJET

Chijet Motor Company, Inc.

CJET

Chijet Motor Company, Inc. • NASDAQ
$1.15 ▼ -3.36% (-0.04)
Market Cap $373606
52w High $299.00
52w Low $1.14
Dividend Yield 0%
P/E 0
Volume 544.14K
Outstanding Shares 324.88K

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $3.508M ▲ $17.803M ▲ $-25.273M ▼ -720.439% ▼ $-472 ▼ $-14.486M ▲
Q2-2024 $3.407M ▼ $14.651M ▼ $-21.622M ▲ -634.635% ▼ $-394 ▲ $-14.812M ▲
Q4-2023 $6.868M ▲ $20.987M ▼ $-28.285M ▲ -411.838% ▲ $-522 ▲ $-21.368M ▲
Q2-2023 $2.615M ▼ $34.975M ▼ $-39.826M ▲ -1.523K% ▼ $-774 ▲ $-32.454M ▲
Q4-2022 $5.21M $43.175M $-45.045M -864.587% $-888 $-39.587M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $3.707M ▲ $470.785M ▼ $616.271M ▲ $-179.267M ▼
Q2-2024 $1.07M ▼ $500.313M ▼ $608.72M ▼ $-153.986M ▼
Q4-2023 $10.731M ▼ $536.451M ▼ $615.325M ▲ $-132.834M ▼
Q2-2023 $18.247M ▼ $565.07M ▼ $600.051M ▼ $-103.255M ▼
Q4-2022 $37.918M $653.612M $637.484M $-68.579M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-47.383M ▼ $-9.203M ▲ $3K ▲ $10.474M ▲ $-8.338M ▼ $-9.23M ▲
Q2-2024 $-21.622M ▲ $-16.261M ▼ $-1.061M ▼ $3.164M ▲ $-5.326M ▼ $-17.322M ▼
Q4-2023 $-28.285M ▲ $-12.967M ▲ $2.243M ▲ $1.24M ▼ $-4.838M ▼ $-13.422M ▲
Q2-2023 $-39.826M ▲ $-27.05M ▲ $-4.005M ▲ $3.985M ▲ $-302.677K ▼ $-31.935M ▲
Q4-2022 $-45.045M $-28.818M $-12.482M $1.38M $-286.128K $-39.889M

Five-Year Company Overview

Income Statement

Income Statement CJET looks more like a development‑stage project than an operating car maker based on its reported results. Revenue has been extremely small for several years and has not yet shown signs of meaningful growth. At the same time, the cost of running the business and developing technology has far outweighed that tiny revenue, so gross profit has been negative every year. Operating losses and net losses have been persistent. The size of the yearly loss has started to narrow a bit more recently, but the company is still firmly in the loss‑making phase. Earnings per share look very deeply negative, which is also affected by large reverse stock splits and changes in share count, so the headline per‑share figure can look worse than the underlying business trend alone would suggest. In short, the income statement shows an early‑stage, capital‑hungry business that has not yet turned its plans into meaningful sales or profits.

Balance Sheet

Balance Sheet The balance sheet shows a company under financial strain. Total assets have been edging down rather than building up, which is not ideal for a manufacturer that ultimately needs significant tooling, equipment, and technology assets. Cash on hand is very thin, leaving only a small cushion to fund operations. Debt makes up a large part of the capital structure, while shareholders’ equity has turned negative in recent years. Negative equity means accumulated losses have eaten through the original capital base, which is a sign of financial stress and can limit flexibility with lenders and partners. Overall, the balance sheet reflects a highly leveraged, fragile position that likely depends on continued access to outside funding or new equity raises to sustain operations and growth plans.

Cash Flow

Cash Flow Cash flow patterns reinforce the picture of a business still in build‑out mode and not yet self‑funding. Operating cash flow has been negative in most years, meaning the core business consumes cash instead of generating it. This is common for very early‑stage or turnaround companies, but it cannot continue indefinitely without new financing. Free cash flow has also been negative, although actual spending on physical assets has been modest. That suggests most of the cash burn is going toward operating expenses, development, and overhead rather than heavy factory build‑outs so far. With only a small cash balance and recurring cash outflows, the company appears reliant on capital markets, partnerships, or other external funding sources to keep executing its strategy.

Competitive Edge

Competitive Edge CJET sits in an extremely crowded and aggressive market: Chinese and global new energy vehicles, where competition from both local champions and international brands is intense. On the positive side, CJET is not starting from zero. Through its majority‑owned FAW Jilin subsidiary, it has access to established manufacturing capacity and existing combustion‑engine vehicle brands. Its relationship with FAW Group, a major Chinese auto group, offers credibility, industrial experience, and supply‑chain access that many young EV startups lack. Strategically, CJET is targeting the mass market with cost‑effective vehicles rather than premium niches. If executed well, this could tap into a broad customer base in China and other developing markets. However, this is also where price competition and margin pressure are fiercest, as many players fight for volume. Against this backdrop, CJET’s very small scale, weak financial profile, and dependence on partners are important constraints. The company’s competitive position will ultimately depend on whether it can launch compelling vehicles at scale, maintain quality, and fund ongoing operations in a market known for rapid consolidation and price wars.

Innovation and R&D

Innovation and R&D CJET’s strategy leans heavily on partnerships and advanced technology rather than building all capabilities in‑house. Key moves include alliances for edge‑computing AI and autonomous driving, giving CJET access to sophisticated software and intelligence platforms that could differentiate its future vehicles. Efforts in solid‑state batteries, hybrid systems, and advanced power electronics aim to improve range, efficiency, and performance—core factors for EV competitiveness. Instead of a pure luxury‑tech positioning, CJET is trying to blend these innovations into more affordable mass‑market vehicles. That is ambitious, because cutting‑edge technology is usually expensive and tricky to industrialize at low cost. The company is also stepping into digital assets by committing to purchase a large amount of EdgeAI tokens. This is unconventional for an automaker. It could create financial upside if the tokens appreciate, but it also introduces complexity, volatility risk, and a potential distraction from the core automotive mission. Overall, the innovation story is bold and partner‑driven, but execution risk is very high and will require both technical success and strong financial discipline.

Summary

CJET is an early‑stage, loss‑making auto and EV player with meaningful manufacturing roots but a fragile financial base. The income statement shows minimal revenue and recurring losses, pointing to a business still in the technology and product‑build phase rather than a mature automaker. The balance sheet is weak, with negative equity, limited cash, and meaningful debt, indicating financial stress and dependence on external funding. Cash flows confirm that operations consume cash, with little sign yet of self‑sustaining profitability. On the strategic side, CJET’s partnership network, manufacturing link to FAW Jilin, and focus on affordable new energy vehicles in mass‑market segments are its key strengths. However, it operates in one of the most competitive industries in the world, facing rivals with far larger resources. Its heavy reliance on alliances and an unusual move into digital tokens add both optionality and complexity. The company’s future will largely be determined by whether it can: convert its pipeline of new energy vehicles into real, scalable sales; successfully embed AI and autonomous technologies into attractive products; and stabilize its finances through better cash generation or reliable funding. Until there is clear evidence of execution on these fronts, CJET remains a high‑uncertainty, high‑execution‑risk story.

NEWS

November 26, 2025 · 7:18 AM UTC

Chijet Motor Announces Digital Asset Treasury Holdings Have Surpassed $400 Million

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November 24, 2025 · 7:18 AM UTC

Chijet Motor Company Enters Strategic Partnership with EdgeAI Frontier Technology Ltd. to Acquire Up to $1 Billion in EdgeAI Tokens at a 20% Discount

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November 17, 2025 · 7:15 AM UTC

CJET Expands Strategic Focus into Edge Intelligence through Alignment with EdgeAI

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November 14, 2025 · 6:00 AM UTC

Chijet Motor Company Inc. Announces Updates to Official Name Change and New Ticker Symbol

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October 29, 2025 · 12:12 PM UTC

Chijet Announces Effective Date of Share Consolidation

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