ELPW
ELPW
Elong Power Holding LimitedIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2024 | $203.95K ▲ | $24.67M ▲ | $-28.23M ▼ | -13.84K% ▼ | $-4.48 ▼ | $-15.6M ▼ |
| Q2-2024 | $182.99K | $991.23K | $-1.88M | -1.03K% | $-1.29 | $-1.46M |
| Q1-2024 | $182.99K ▼ | $991.23K ▼ | $-1.88M ▲ | -1.03K% ▼ | $-1.29 ▲ | $-1.46M ▲ |
| Q4-2023 | $2.1M ▲ | $3.29M ▲ | $-6.22M ▼ | -296.78% ▼ | $-4.32 ▼ | $-3.55M ▼ |
| Q2-2023 | $1.07M | $742.43K | $-1.22M | -114.76% | $-0.84 | $-802.62K |
What's going well?
Revenue did increase by 11% this quarter, showing some ability to grow sales. The company is still investing in R&D, which could help future products.
What's concerning?
Losses exploded to $28 million, costs are out of control, and the company diluted shareholders by quadrupling the share count. Margins are deeply negative, and one-time expenses make results even worse.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2025 | $7.1M ▼ | $27.19M ▲ | $46.58M ▲ | $-19.4M ▼ |
| Q4-2024 | $7.24M ▲ | $26.63M ▼ | $43.08M ▲ | $-16.45M ▼ |
| Q2-2024 | $1.02M | $36.06M | $38.84M | $-2.78M |
| Q1-2024 | $1.02M ▲ | $36.06M ▼ | $38.84M ▲ | $-2.78M ▼ |
| Q4-2023 | $756 | $37.5M | $36.52M | $978.34K |
What's financially strong about this company?
Most assets are real and tangible, with no risky goodwill or intangibles. Customers are still prepaying for services, and inventory is not piling up.
What are the financial risks or weaknesses?
The company owes more than it owns, has very little cash, and is heavily reliant on debt and leases. Liquidity is in crisis, and equity is deeply negative—raising serious survival concerns.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2024 | $-26.35M ▼ | $-1.5M ▼ | $-7.39M ▼ | $7.81M ▲ | $-1.32M ▼ | $-1.5M ▼ |
| Q2-2024 | $-1.88M | $-1.33K ▲ | $-381 ▲ | $2.79K ▼ | $1.32K ▲ | $-663.75K |
| Q1-2024 | $-1.88M ▲ | $-663.75K ▲ | $-190.55K ▲ | $1.39M ▼ | $0 ▲ | $-663.75K ▲ |
| Q4-2023 | $-6.22M ▼ | $-4.45M ▼ | $-532.61K ▼ | $4.26M ▲ | $-1.69M ▼ | $-4.98M ▼ |
| Q2-2023 | $-1.22M | $-1.25M | $-16.32K | $2.11M | $2M | $-1.26M |
What's strong about this company's cash flow?
Most of the reported losses are non-cash, so actual cash burn is much smaller than the net loss. Working capital changes gave a one-time boost to cash flow this quarter.
What are the cash flow concerns?
The company is burning more cash each quarter, has no cash left, and is completely dependent on outside funding to keep operating. The positive working capital change is likely a temporary boost, not a long-term fix.
5-Year Trend Analysis
A comprehensive look at Elong Power Holding Limited's financial evolution and strategic trajectory over the past five years.
Key positives include a clear technological focus on high‑power and fast‑charging batteries, continued R&D investment despite financial pressure, and a recent, sizeable improvement in liquidity through added cash and short‑term investments. The company’s specialization in commercial vehicles and energy storage, backed by its patent portfolio and dedicated manufacturing sites, offers a differentiated technical stance in a vast and growing market.
Major concerns center on financial sustainability: collapsing revenue, deeply negative margins, and a balance sheet marked by negative equity and rising leverage. Persistent cash burn, dependence on external financing, and minimal recent capital investment into productive assets heighten solvency and operational risks. Competitive pressures from much larger and better‑funded battery manufacturers, along with listing compliance challenges, add further uncertainty.
Looking ahead, the company’s trajectory will be shaped by its ability to stabilize its commercial base, convert its technology into recurring sales, and rebuild a healthier capital structure. The improving but still negative cash flow trend and recent liquidity boost provide some breathing room, but not a resolution. Execution on solid‑state and high‑power solutions, customer wins in commercial vehicles and storage, and access to capital will be critical variables determining whether Elong Power can transition from a technology story to a sustainable operating business.
About Elong Power Holding Limited
https://www.elongpower.comElong Power Holding Limited is a China-based company specializing in the research, development, manufacturing, sales, and service of high-power lithium-ion batteries. Their products are primarily used in electric vehicles, construction machinery, and energy storage systems, utilizing lithium manganese oxide and lithium iron phosphate technologies.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2024 | $203.95K ▲ | $24.67M ▲ | $-28.23M ▼ | -13.84K% ▼ | $-4.48 ▼ | $-15.6M ▼ |
| Q2-2024 | $182.99K | $991.23K | $-1.88M | -1.03K% | $-1.29 | $-1.46M |
| Q1-2024 | $182.99K ▼ | $991.23K ▼ | $-1.88M ▲ | -1.03K% ▼ | $-1.29 ▲ | $-1.46M ▲ |
| Q4-2023 | $2.1M ▲ | $3.29M ▲ | $-6.22M ▼ | -296.78% ▼ | $-4.32 ▼ | $-3.55M ▼ |
| Q2-2023 | $1.07M | $742.43K | $-1.22M | -114.76% | $-0.84 | $-802.62K |
What's going well?
Revenue did increase by 11% this quarter, showing some ability to grow sales. The company is still investing in R&D, which could help future products.
What's concerning?
Losses exploded to $28 million, costs are out of control, and the company diluted shareholders by quadrupling the share count. Margins are deeply negative, and one-time expenses make results even worse.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2025 | $7.1M ▼ | $27.19M ▲ | $46.58M ▲ | $-19.4M ▼ |
| Q4-2024 | $7.24M ▲ | $26.63M ▼ | $43.08M ▲ | $-16.45M ▼ |
| Q2-2024 | $1.02M | $36.06M | $38.84M | $-2.78M |
| Q1-2024 | $1.02M ▲ | $36.06M ▼ | $38.84M ▲ | $-2.78M ▼ |
| Q4-2023 | $756 | $37.5M | $36.52M | $978.34K |
What's financially strong about this company?
Most assets are real and tangible, with no risky goodwill or intangibles. Customers are still prepaying for services, and inventory is not piling up.
What are the financial risks or weaknesses?
The company owes more than it owns, has very little cash, and is heavily reliant on debt and leases. Liquidity is in crisis, and equity is deeply negative—raising serious survival concerns.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2024 | $-26.35M ▼ | $-1.5M ▼ | $-7.39M ▼ | $7.81M ▲ | $-1.32M ▼ | $-1.5M ▼ |
| Q2-2024 | $-1.88M | $-1.33K ▲ | $-381 ▲ | $2.79K ▼ | $1.32K ▲ | $-663.75K |
| Q1-2024 | $-1.88M ▲ | $-663.75K ▲ | $-190.55K ▲ | $1.39M ▼ | $0 ▲ | $-663.75K ▲ |
| Q4-2023 | $-6.22M ▼ | $-4.45M ▼ | $-532.61K ▼ | $4.26M ▲ | $-1.69M ▼ | $-4.98M ▼ |
| Q2-2023 | $-1.22M | $-1.25M | $-16.32K | $2.11M | $2M | $-1.26M |
What's strong about this company's cash flow?
Most of the reported losses are non-cash, so actual cash burn is much smaller than the net loss. Working capital changes gave a one-time boost to cash flow this quarter.
What are the cash flow concerns?
The company is burning more cash each quarter, has no cash left, and is completely dependent on outside funding to keep operating. The positive working capital change is likely a temporary boost, not a long-term fix.
5-Year Trend Analysis
A comprehensive look at Elong Power Holding Limited's financial evolution and strategic trajectory over the past five years.
Key positives include a clear technological focus on high‑power and fast‑charging batteries, continued R&D investment despite financial pressure, and a recent, sizeable improvement in liquidity through added cash and short‑term investments. The company’s specialization in commercial vehicles and energy storage, backed by its patent portfolio and dedicated manufacturing sites, offers a differentiated technical stance in a vast and growing market.
Major concerns center on financial sustainability: collapsing revenue, deeply negative margins, and a balance sheet marked by negative equity and rising leverage. Persistent cash burn, dependence on external financing, and minimal recent capital investment into productive assets heighten solvency and operational risks. Competitive pressures from much larger and better‑funded battery manufacturers, along with listing compliance challenges, add further uncertainty.
Looking ahead, the company’s trajectory will be shaped by its ability to stabilize its commercial base, convert its technology into recurring sales, and rebuild a healthier capital structure. The improving but still negative cash flow trend and recent liquidity boost provide some breathing room, but not a resolution. Execution on solid‑state and high‑power solutions, customer wins in commercial vehicles and storage, and access to capital will be critical variables determining whether Elong Power can transition from a technology story to a sustainable operating business.
CEO
Xiaodan Liu
Compensation Summary
(Year )
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2025-12-26 | Reverse | 1:16 |
ETFs Holding This Stock
Summary
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Ratings Snapshot
Rating : D+